Kodiak Gas Services (KGS) Financials

$34.74 +0.40 (+1.15%)

As of 01:59 PM Eastern

Annual Income Statements for Kodiak Gas Services

This table shows Kodiak Gas Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Income / (Loss) Attributable to Common Shareholders	50	20	106	181
Consolidated Net Income / (Loss)	50	20	106	181
Net Income / (Loss) Continuing Operations	50	20	106	181
Total Pre-Tax Income	76	35	139	122
Total Operating Income	249	244	222	189
Total Gross Profit	701	500	441	396
Total Revenue	1,159	850	708	606
Operating Revenue	1,159	850	708	606
Total Cost of Revenue	458	351	267	210
Operating Cost of Revenue	458	351	267	210
Total Operating Expenses	451	255	218	207
Selling, General & Admin Expense	152	73	45	38
Depreciation Expense	260	183	174	160
Impairment Charge	9.92	0.00	0.00	9.11
Other Special Charges / (Income)	30	-0.78	-0.87	0.43
Total Other Income / (Expense), net	-174	-209	-83	-67
Interest Expense	0.00	6.76	0.00	85
Interest & Investment Income	-197	-223	-166	18
Other Income / (Expense), net	24	20	83	-0.10
Income Tax Expense	26	15	33	-59
Net Income / (Loss) Attributable to Noncontrolling Interest	0.44	0.00	0.00	-
Basic Earnings per Share	$0.58	$0.29	$1.80	$3.07
Weighted Average Basic Shares Outstanding	83.09M	68.06M	59M	59M
Diluted Earnings per Share	$0.56	$0.29	$1.80	$3.07
Weighted Average Diluted Shares Outstanding	85.17M	68.33M	59M	59M
Weighted Average Basic & Diluted Shares Outstanding	87.93M	77.43M	-	-
Cash Dividends to Common per Share	$1.58	-	-	-

This table shows Kodiak Gas Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	30	19	-5.65	6.23	30	-6.87	22	18	-12	46
Consolidated Net Income / (Loss)	31	20	-6.21	6.71	30	-6.87	22	18	-12	46
Net Income / (Loss) Continuing Operations	31	20	-6.21	6.71	30	-6.87	22	18	-12	46
Total Pre-Tax Income	42	35	-8.40	9.05	40	-1.57	30	23	-16	60
Total Operating Income	89	69	66	54	60	61	61	62	60	58
Total Gross Profit	201	191	195	182	132	134	127	120	118	113
Total Revenue	330	310	325	310	215	226	231	203	190	183
Operating Revenue	330	310	325	310	215	226	231	203	190	183
Total Cost of Revenue	128	118	129	127	84	92	104	83	72	70
Operating Cost of Revenue	128	118	129	127	84	92	104	83	72	70
Total Operating Expenses	112	122	129	128	72	74	66	58	58	54
Selling, General & Admin Expense	32	31	36	60	25	27	20	13	13	11
Depreciation Expense	71	70	73	69	47	46	46	45	45	44
Other Special Charges / (Income)	9.21	20	10	-1.17	0.00	-0.06	0.00	-0.74	0.02	-0.82
Total Other Income / (Expense), net	-48	-34	-74	-45	-20	-62	-31	-39	-77	1.98
Interest & Investment Income	-47	-	-54	-	-	-	-40	-	-	52
Other Income / (Expense), net	-0.40	17	-20	7.02	20	-22	15	35	-8.03	-0.02
Income Tax Expense	11	16	-2.18	2.34	9.88	5.31	7.90	5.85	-3.99	14
Net Income / (Loss) Attributable to Noncontrolling Interest	0.63	-	-0.56	0.49	-	-	0.00	0.00	-	-
Basic Earnings per Share	$0.34	$0.19	($0.07)	$0.07	$0.39	($0.08)	$0.28	$0.30	($0.21)	$0.78
Weighted Average Basic Shares Outstanding	87.88M	83.09M	84.29M	84.20M	77.43M	68.06M	76.73M	59M	59M	59M
Diluted Earnings per Share	$0.33	$0.18	($0.07)	$0.06	$0.39	($0.08)	$0.28	$0.30	($0.21)	$0.78
Weighted Average Diluted Shares Outstanding	90.61M	85.17M	84.29M	90.67M	78.10M	68.33M	76.90M	59M	59M	59M
Weighted Average Basic & Diluted Shares Outstanding	87.86M	87.93M	87.57M	84.51M	84.29M	77.43M	77.40M	-	-	-
Cash Dividends to Common per Share	$0.41	-	$0.41	$0.38	$0.38	-	-	-	-	-

This table details how cash moves in and out of Kodiak Gas Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Change in Cash & Equivalents	-0.81	-15	-8.36	4.69
Net Cash From Operating Activities	328	266	220	250
Net Cash From Continuing Operating Activities	328	266	220	250
Net Income / (Loss) Continuing Operations	50	20	106	181
Consolidated Net Income / (Loss)	50	20	106	181
Depreciation Expense	260	183	174	160
Amortization Expense	12	14	14	6.94
Non-Cash Adjustments To Reconcile Net Income	88	51	-82	-23
Changes in Operating Assets and Liabilities, net	-82	-0.75	6.90	-75
Net Cash From Investing Activities	-292	-218	-251	-202
Net Cash From Continuing Investing Activities	-292	-218	-251	-202
Purchase of Property, Plant & Equipment	-337	-220	-259	-202
Acquisitions	9.46	0.00	0.00	-
Sale of Property, Plant & Equipment	35	1.45	8.08	0.01
Other Investing Activities, net	0.00	-0.08	-0.12	-0.11
Net Cash From Financing Activities	-36	-63	23	-43
Net Cash From Continuing Financing Activities	-36	-63	23	-43
Repayment of Debt	-2,497	-1,279	-753	-630
Repurchase of Preferred Equity	4.54	0.00	0.00	-
Repurchase of Common Equity	-41	-10	0.00	0.00
Payment of Dividends	-139	-72	-838	-1.13
Issuance of Debt	2,642	1,020	1,614	564
Issuance of Common Equity	0.00	278	0.00	0.00
Other Financing Activities, net	-5.19	0.00	0.00	24
Cash Interest Paid	147	217	143	120
Cash Income Taxes Paid	15	9.76	2.18	1.85

This table details how cash moves in and out of Kodiak Gas Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-2.80	-2.68	3.58	-5.45	3.74	-0.57	-35	27	-6.43	-0.91	-
Net Cash From Operating Activities	114	118	37	121	52	63	86	95	23	33	-
Net Cash From Continuing Operating Activities	114	118	37	121	52	63	86	95	23	33	-
Net Income / (Loss) Continuing Operations	31	20	-6.21	6.71	30	-6.87	22	18	-12	1.91	-
Consolidated Net Income / (Loss)	31	20	-6.21	6.71	30	-6.87	22	18	-12	1.91	-
Depreciation Expense	71	70	73	69	47	46	46	45	45	45	-
Amortization Expense	5.56	3.89	3.13	2.30	2.64	2.30	0.19	5.63	5.45	4.27	-
Non-Cash Adjustments To Reconcile Net Income	6.55	31	45	22	-11	30	-2.65	0.56	22	11	-
Changes in Operating Assets and Liabilities, net	0.65	-6.41	-79	20	-17	-9.69	20	26	-37	-29	-
Net Cash From Investing Activities	-68	-53	-72	-107	-60	-74	-52	-44	-49	-60	-
Net Cash From Continuing Investing Activities	-68	-53	-72	-107	-60	-74	-52	-44	-49	-60	-
Purchase of Property, Plant & Equipment	-78	-73	-87	-117	-60	-74	-52	-45	-49	-60	-
Sale of Property, Plant & Equipment	9.38	20	15	0.41	0.00	0.39	-	1.02	0.03	0.06	-
Other Investing Activities, net	0.00	0.04	-	-0.04	0.00	-0.03	-0.03	0.01	-0.03	-0.03	-
Net Cash From Financing Activities	-49	-68	39	-19	12	11	-69	-23	19	26	-
Net Cash From Continuing Financing Activities	-49	-68	39	-19	12	11	-69	-23	19	26	-
Repayment of Debt	-346	-363	-248	-920	-966	-222	-595	-232	-229	-179	-
Repurchase of Common Equity	-9.96	-15	-25	-0.72	-0.45	-0.79	-9.25	-	0.00	-	-
Payment of Dividends	-37	-37	-38	-35	-30	-30	-	-42	0.00	-	-
Issuance of Debt	347	345	352	937	1,008	264	257	251	248	205	-
Other Financing Activities, net	-3.53	-2.07	-2.42	-0.41	-0.29	-	-	-	0.00	-	-
Cash Interest Paid	57	41	66	8.84	32	44	57	49	67	55	-
Cash Income Taxes Paid	0.49	4.33	1.11	9.23	0.00	3.82	0.22	5.73	0.00	0.34	-

This table presents Kodiak Gas Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	4,435	3,244	3,206
Total Current Assets	384	231	204
Cash & Equivalents	4.75	5.56	20
Accounts Receivable	254	113	98
Inventories, net	103	76	72
Prepaid Expenses	11	10	9.52
Other Current Assets	11	26	4.38
Plant, Property, & Equipment, net	3,395	2,536	2,489
Total Noncurrent Assets	656	477	513
Noncurrent Note & Lease Receivables	5.70	0.00	-
Goodwill	415	306	306
Intangible Assets	163	123	132
Other Noncurrent Operating Assets	73	49	75
Total Liabilities & Shareholders' Equity	4,435	3,244	3,206
Total Liabilities	3,062	2,101	2,976
Total Current Liabilities	319	211	189
Accounts Payable	58	50	38
Accrued Expenses	189	97	94
Other Current Liabilities	73	64	57
Total Noncurrent Liabilities	2,742	1,891	2,787
Long-Term Debt	2,582	1,791	2,720
Capital Lease Obligations	3.51	0.00	-
Noncurrent Deferred & Payable Income Tax Liabilities	104	63	57
Other Noncurrent Operating Liabilities	53	37	10
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,374	1,143	229
Total Preferred & Common Equity	1,360	1,143	229
Preferred Stock	0.01	0.00	0.00
Total Common Equity	1,360	1,143	229
Common Stock	1,306	965	34
Retained Earnings	94	178	195
Treasury Stock	-40	0.00	-
Noncontrolling Interest	14	0.00	-

This table presents Kodiak Gas Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023
Total Assets	4,436	4,492	4,439	3,316	3,244
Total Current Assets	387	443	352	263	216
Cash & Equivalents	1.95	7.43	3.85	9.31	6.13
Accounts Receivable	254	280	203	143	117
Inventories, net	100	118	120	83	71
Prepaid Expenses	12	20	14	5.25	13
Other Current Assets	20	18	11	23	9.61
Plant, Property, & Equipment, net	3,400	3,406	3,425	2,562	2,511
Total Noncurrent Assets	649	642	662	492	517
Noncurrent Note & Lease Receivables	8.18	4.70	4.70	-	-
Goodwill	415	414	403	306	306
Intangible Assets	161	161	165	121	125
Other Noncurrent Operating Assets	64	63	89	66	86
Total Liabilities & Shareholders' Equity	4,436	4,492	4,439	3,316	3,244
Total Liabilities	3,080	3,096	2,976	2,171	2,072
Total Current Liabilities	330	349	334	238	223
Accounts Payable	72	86	66	61	49
Accrued Expenses	179	193	197	109	102
Other Current Liabilities	79	70	71	68	72
Total Noncurrent Liabilities	2,750	2,747	2,641	1,934	1,849
Long-Term Debt	2,588	2,595	2,487	1,828	1,748
Capital Lease Obligations	5.98	2.74	2.56	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	109	94	98	69	65
Other Noncurrent Operating Liabilities	47	54	54	36	36
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,356	1,396	1,463	1,145	1,172
Total Preferred & Common Equity	1,344	1,247	1,311	1,145	1,172
Preferred Stock	0.01	0.06	0.06	0.00	-
Total Common Equity	1,344	1,246	1,311	1,145	1,172
Common Stock	1,312	1,160	1,159	967	957
Retained Earnings	87	111	152	178	215
Treasury Stock	-50	-25	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-5.68	-	-	-	-
Noncontrolling Interest	12	150	153	-	-

This table displays calculated financial ratios and metrics derived from Kodiak Gas Services' official financial filings.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Growth Metrics	-	-	-	-
Revenue Growth	36.33%	20.13%	16.75%	0.00%
EBITDA Growth	18.33%	-6.60%	38.66%	0.00%
EBIT Growth	3.27%	-13.37%	61.62%	0.00%
NOPAT Growth	18.65%	-17.68%	-39.38%	0.00%
Net Income Growth	150.84%	-81.12%	-41.28%	0.00%
EPS Growth	93.10%	-83.89%	-41.37%	0.00%
Operating Cash Flow Growth	23.15%	21.14%	-12.05%	0.00%
Free Cash Flow Firm Growth	-716.54%	105.06%	0.00%	0.00%
Invested Capital Growth	35.03%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	7.77%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	20.65%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	33.02%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	12.67%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	110.96%	0.00%	0.00%	0.00%
EPS Q/Q Growth	86.67%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	20.53%	12.52%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-0.82%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	60.46%	58.74%	62.23%	65.34%
EBITDA Margin	47.04%	54.19%	69.70%	58.68%
Operating Margin	21.52%	28.71%	31.37%	31.16%
EBIT Margin	23.55%	31.09%	43.12%	31.15%
Profit (Net Income) Margin	4.34%	2.36%	15.01%	29.84%
Tax Burden Percent	66.31%	57.11%	76.25%	147.86%
Interest Burden Percent	27.80%	13.29%	45.66%	64.81%
Effective Tax Rate	33.69%	42.89%	23.75%	-47.86%
Return on Invested Capital (ROIC)	4.81%	4.76%	11.57%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.46%	-0.56%	6.89%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.81%	-1.83%	81.21%	0.00%
Return on Equity (ROE)	4.00%	2.93%	92.77%	0.00%
Cash Return on Invested Capital (CROIC)	-25.00%	4.76%	-188.43%	0.00%
Operating Return on Assets (OROA)	7.11%	8.20%	9.52%	0.00%
Return on Assets (ROA)	1.31%	0.62%	3.32%	0.00%
Return on Common Equity (ROCE)	3.98%	2.93%	92.77%	0.00%
Return on Equity Simple (ROE_SIMPLE)	3.70%	1.76%	46.39%	0.00%
Net Operating Profit after Tax (NOPAT)	165	139	169	279
NOPAT Margin	14.27%	16.39%	23.92%	46.07%
Net Nonoperating Expense Percent (NNEP)	5.27%	5.32%	4.67%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	4.18%	4.75%	5.74%	-
Cost of Revenue to Revenue	39.54%	41.26%	37.77%	34.66%
SG&A Expenses to Revenue	13.08%	8.62%	6.34%	6.21%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.94%	30.03%	30.86%	34.18%
Earnings before Interest and Taxes (EBIT)	273	264	305	189
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	545	461	493	356
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	2.61	1.27	1.12	0.00
Price to Tangible Book Value (P/TBV)	4.53	2.04	0.00	0.00
Price to Revenue (P/Rev)	3.06	1.71	0.36	0.42
Price to Earnings (P/E)	71.01	72.51	2.41	1.41
Dividend Yield	3.91%	2.02%	0.00%	0.00%
Earnings Yield	1.41%	1.38%	41.51%	70.69%
Enterprise Value to Invested Capital (EV/IC)	1.55	1.11	1.01	0.00
Enterprise Value to Revenue (EV/Rev)	5.29	3.81	4.18	0.00
Enterprise Value to EBITDA (EV/EBITDA)	11.25	7.03	5.99	0.00
Enterprise Value to EBIT (EV/EBIT)	22.48	12.26	9.68	0.00
Enterprise Value to NOPAT (EV/NOPAT)	37.10	23.25	17.45	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.71	12.17	13.44	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	23.23	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	1.88	1.57	11.87	0.00
Long-Term Debt to Equity	1.88	1.57	11.87	0.00
Financial Leverage	1.74	3.27	11.78	0.00
Leverage Ratio	3.05	4.70	13.99	0.00
Compound Leverage Factor	0.85	0.62	6.39	0.00
Debt to Total Capital	65.30%	61.06%	92.23%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	65.30%	61.06%	92.23%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.35%	0.00%	0.00%	0.00%
Common Equity to Total Capital	34.35%	38.94%	7.77%	0.00%
Debt to EBITDA	4.74	3.89	5.51	0.00
Net Debt to EBITDA	4.73	3.88	5.47	0.00
Long-Term Debt to EBITDA	4.74	3.89	5.51	0.00
Debt to NOPAT	15.63	12.85	16.06	0.00
Net Debt to NOPAT	15.60	12.81	15.94	0.00
Long-Term Debt to NOPAT	15.63	12.85	16.06	0.00
Altman Z-Score	1.21	1.03	0.68	0.00
Noncontrolling Interest Sharing Ratio	0.54%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	1.20	1.10	1.08	0.00
Quick Ratio	0.81	0.56	0.62	0.00
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	-860	140	-2,759	0.00
Operating Cash Flow to CapEx	108.63%	121.97%	87.50%	123.80%
Free Cash Flow to Firm to Interest Expense	0.00	20.65	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	39.41	0.00	2.95
Operating Cash Flow Less CapEx to Interest Expense	0.00	7.10	0.00	0.57
Efficiency Ratios	-	-	-	-
Asset Turnover	0.30	0.26	0.22	0.00
Accounts Receivable Turnover	6.32	8.07	7.26	0.00
Inventory Turnover	5.11	4.73	3.71	0.00
Fixed Asset Turnover	0.39	0.34	0.28	0.00
Accounts Payable Turnover	8.54	7.99	7.04	0.00
Days Sales Outstanding (DSO)	57.75	45.23	50.30	0.00
Days Inventory Outstanding (DIO)	71.50	77.18	98.51	0.00
Days Payable Outstanding (DPO)	42.76	45.69	51.87	0.00
Cash Conversion Cycle (CCC)	86.48	76.73	96.94	0.00
Capital & Investment Metrics	-	-	-	-
Invested Capital	3,954	2,929	2,929	0.00
Invested Capital Turnover	0.34	0.29	0.48	0.00
Increase / (Decrease) in Invested Capital	1,026	-0.13	2,929	0.00
Enterprise Value (EV)	6,137	3,241	2,956	0.00
Market Capitalization	3,543	1,455	256	256
Book Value per Share	$15.53	$14.76	$3.88	$0.00
Tangible Book Value per Share	$8.93	$9.23	($3.54)	$0.00
Total Capital	3,959	2,934	2,949	0.00
Total Debt	2,585	1,791	2,720	0.00
Total Long-Term Debt	2,585	1,791	2,720	0.00
Net Debt	2,581	1,786	2,700	0.00
Capital Expenditures (CapEx)	302	218	251	202
Debt-free, Cash-free Net Working Capital (DFCFNWC)	60	15	-5.37	0.00
Debt-free Net Working Capital (DFNWC)	64	20	15	0.00
Net Working Capital (NWC)	64	20	15	0.00
Net Nonoperating Expense (NNE)	115	119	63	98
Net Nonoperating Obligations (NNO)	2,581	1,786	2,700	0.00
Total Depreciation and Amortization (D&A)	272	196	188	167
Debt-free, Cash-free Net Working Capital to Revenue	5.14%	1.74%	-0.76%	0.00%
Debt-free Net Working Capital to Revenue	5.55%	2.39%	2.13%	0.00%
Net Working Capital to Revenue	5.55%	2.39%	2.13%	0.00%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.58	$0.29	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	83.09M	68.06M	0.00	0.00
Adjusted Diluted Earnings per Share	$0.56	$0.29	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	85.17M	68.33M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	87.93M	77.43M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	192	139	169	139
Normalized NOPAT Margin	16.53%	16.34%	23.83%	22.91%
Pre Tax Income Margin	6.55%	4.13%	19.69%	20.18%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	0.00	39.13	0.00	2.23
NOPAT to Interest Expense	0.00	20.63	0.00	3.30
EBIT Less CapEx to Interest Expense	0.00	6.82	0.00	-0.15
NOPAT Less CapEx to Interest Expense	0.00	-11.68	0.00	0.92
Payout Ratios	-	-	-	-
Dividend Payout Ratio	276.98%	359.28%	788.59%	0.63%
Augmented Payout Ratio	358.76%	409.31%	788.59%	0.63%

This table displays calculated financial ratios and metrics derived from Kodiak Gas Services' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	52.97%	36.97%	40.55%	52.31%	13.35%	0.00%	26.47%	0.00%	0.00%	0.00%
EBITDA Growth	26.21%	83.34%	-0.19%	-10.22%	26.07%	0.00%	19.61%	0.00%	0.00%	0.00%
EBIT Growth	11.19%	122.09%	-40.11%	-36.94%	52.59%	0.00%	30.74%	0.00%	0.00%	0.00%
NOPAT Growth	46.87%	-9.44%	3.44%	-13.62%	7.33%	0.00%	0.75%	0.00%	0.00%	0.00%
Net Income Growth	2.66%	385.13%	-128.54%	-61.68%	344.93%	0.00%	-52.58%	0.00%	0.00%	0.00%
EPS Growth	-15.38%	325.00%	-125.00%	-80.00%	285.71%	0.00%	-64.10%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	121.82%	89.19%	-56.98%	27.89%	121.31%	89.82%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Growth	68.56%	0.00%	64.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	33.21%	35.03%	36.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	6.50%	-4.66%	4.84%	43.70%	-4.64%	-2.17%	13.61%	6.94%	0.00%	0.00%
EBITDA Q/Q Growth	2.58%	31.55%	-8.10%	2.71%	56.81%	-28.39%	-17.33%	44.23%	0.00%	0.00%
EBIT Q/Q Growth	2.73%	89.55%	-25.47%	-23.38%	136.30%	-48.89%	-21.53%	85.42%	0.00%	0.00%
NOPAT Q/Q Growth	72.97%	-16.76%	15.11%	-11.38%	6.66%	-4.93%	-3.87%	10.11%	0.00%	0.00%
Net Income Q/Q Growth	58.35%	415.57%	-192.52%	-77.80%	539.80%	-131.58%	24.26%	241.92%	0.00%	0.00%
EPS Q/Q Growth	83.33%	357.14%	-216.67%	-84.62%	587.50%	-128.57%	-6.67%	242.86%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-3.51%	221.29%	-69.54%	134.92%	-17.70%	-26.95%	-9.45%	306.52%	-29.41%	0.00%
Free Cash Flow Firm Q/Q Growth	7.04%	3.90%	73.72%	-33.92%	0.00%	100.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-0.15%	-0.82%	0.97%	33.23%	1.21%	0.51%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.03%	61.80%	60.17%	58.90%	61.22%	59.42%	54.85%	59.12%	62.25%	61.72%
EBITDA Margin	50.02%	51.93%	37.64%	42.93%	60.06%	38.79%	53.00%	72.84%	54.01%	56.03%
Operating Margin	27.06%	22.31%	20.35%	17.49%	27.92%	26.88%	26.39%	30.53%	31.75%	31.89%
EBIT Margin	26.93%	27.92%	14.04%	19.76%	37.05%	17.22%	32.96%	47.72%	27.53%	31.88%
Profit (Net Income) Margin	9.42%	6.33%	-1.91%	2.17%	14.03%	-3.04%	9.42%	8.62%	-6.49%	25.13%
Tax Burden Percent	74.68%	55.77%	73.98%	74.19%	75.38%	438.11%	73.36%	74.96%	75.57%	76.20%
Interest Burden Percent	46.81%	40.67%	-18.41%	14.79%	50.23%	-4.03%	38.97%	24.08%	-31.21%	103.44%
Effective Tax Rate	25.32%	44.23%	0.00%	25.82%	24.62%	0.00%	26.64%	25.04%	0.00%	23.80%
Return on Invested Capital (ROIC)	7.44%	4.19%	4.44%	6.46%	12.44%	5.46%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.83%	3.32%	2.02%	3.76%	10.77%	2.70%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	10.29%	5.77%	3.41%	6.39%	17.12%	4.22%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	17.73%	9.96%	7.85%	12.84%	29.55%	9.68%	0.00%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	-23.15%	-25.00%	0.00%	0.00%	0.00%	4.76%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	8.85%	8.43%	3.91%	8.74%	9.78%	4.54%	0.00%	0.00%	0.00%	0.00%
Return on Assets (ROA)	3.09%	1.91%	-0.53%	0.96%	3.70%	-0.80%	0.00%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	17.65%	9.91%	7.39%	11.50%	29.55%	9.68%	0.00%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	3.81%	0.00%	1.91%	3.95%	5.47%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	67	39	46	40	45	43	45	47	42	44
NOPAT Margin	20.20%	12.44%	14.25%	12.98%	21.04%	18.81%	19.36%	22.88%	22.22%	24.30%
Net Nonoperating Expense Percent (NNEP)	1.61%	0.87%	2.42%	2.69%	1.66%	2.77%	2.64%	0.00%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	1.69%	0.97%	-	-	-	1.45%	-	-	-	-
Cost of Revenue to Revenue	38.97%	38.20%	39.83%	41.10%	38.78%	40.58%	45.15%	40.88%	37.75%	38.28%
SG&A Expenses to Revenue	9.78%	10.15%	10.94%	19.35%	11.52%	12.01%	8.51%	6.61%	6.88%	6.13%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.97%	39.49%	39.82%	41.41%	33.30%	32.54%	28.46%	28.59%	30.51%	29.83%
Earnings before Interest and Taxes (EBIT)	89	86	46	61	80	39	76	97	52	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	165	161	122	133	129	88	122	148	103	102
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.41	2.61	1.94	1.73	1.80	1.27	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	4.22	4.53	3.60	3.05	2.86	2.04	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.54	3.06	2.25	2.31	2.35	1.71	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	64.68	71.01	101.06	44.11	32.87	72.51	0.00	0.00	0.00	0.00
Dividend Yield	4.37%	3.91%	5.41%	4.24%	2.86%	2.02%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.55%	1.41%	0.99%	2.27%	3.04%	1.38%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.48	1.55	1.29	1.24	1.31	1.11	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.59	5.29	4.80	4.99	4.43	3.81	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	10.08	11.25	11.42	10.84	8.30	7.03	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	20.72	22.48	25.14	20.79	14.27	12.26	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	31.74	37.10	35.15	30.96	23.24	23.25	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	14.95	18.71	18.96	15.28	13.16	12.17	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.91	1.88	1.86	1.70	1.60	1.57	1.49	0.00	0.00	0.00
Long-Term Debt to Equity	1.91	1.88	1.86	1.70	1.60	1.57	1.49	0.00	0.00	0.00
Financial Leverage	1.76	1.74	1.69	1.70	1.59	1.56	1.49	0.00	0.00	0.00
Leverage Ratio	3.10	3.05	3.01	3.03	2.90	4.70	2.77	0.00	0.00	0.00
Compound Leverage Factor	1.45	1.24	-0.55	0.45	1.45	-0.19	1.08	0.00	0.00	0.00
Debt to Total Capital	65.68%	65.30%	65.04%	62.98%	61.49%	61.06%	59.87%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	65.68%	65.30%	65.04%	62.98%	61.49%	61.06%	59.87%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.30%	0.35%	3.75%	3.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	34.02%	34.35%	31.20%	33.16%	38.51%	38.94%	40.13%	0.00%	0.00%	0.00%
Debt to EBITDA	4.48	4.74	5.75	5.51	3.91	3.89	0.00	0.00	0.00	0.00
Net Debt to EBITDA	4.47	4.73	5.73	5.50	3.89	3.88	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	4.48	4.74	5.75	5.51	3.91	3.89	0.00	0.00	0.00	0.00
Debt to NOPAT	14.09	15.63	17.70	15.72	10.96	12.85	0.00	0.00	0.00	0.00
Net Debt to NOPAT	14.08	15.60	17.65	15.69	10.90	12.81	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	14.09	15.63	17.70	15.72	10.96	12.85	0.00	0.00	0.00	0.00
Altman Z-Score	1.03	1.07	0.80	0.78	1.00	0.80	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.48%	0.54%	5.84%	10.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.17	1.20	1.27	1.05	1.11	1.10	0.97	0.00	0.00	0.00
Quick Ratio	0.77	0.81	0.83	0.62	0.64	0.56	0.55	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-918	-987	-1,027	-3,909	-2,919	0.00	-2,869	0.00	0.00	0.00
Operating Cash Flow to CapEx	167.69%	222.78%	51.24%	103.82%	85.68%	84.83%	166.34%	213.09%	47.97%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-74.97	-73.44	0.00	-424.58	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	2.32	1.30	0.00	12.69	1.29	0.34	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.09	-0.22	0.00	5.06	0.68	-0.37	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.30	0.28	0.44	0.26	0.26	0.00	0.00	0.00	0.00
Accounts Receivable Turnover	6.42	6.32	5.42	0.00	6.11	8.07	0.00	0.00	0.00	0.00
Inventory Turnover	5.51	5.11	4.58	0.00	4.37	4.73	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.43	0.39	0.36	0.00	0.34	0.34	0.00	0.00	0.00	0.00
Accounts Payable Turnover	7.60	8.54	6.41	0.00	5.97	7.99	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	56.88	57.75	67.40	0.00	59.70	45.23	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	66.26	71.50	79.74	0.00	83.44	77.18	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	48.03	42.76	56.92	0.00	61.11	45.69	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	75.11	86.48	90.23	0.00	82.03	76.73	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,948	3,954	3,987	3,949	2,964	2,929	2,914	0.00	0.00	0.00
Invested Capital Turnover	0.37	0.34	0.31	0.50	0.59	0.29	0.00	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	984	1,026	1,074	3,949	2,964	0.00	2,914	0.00	0.00	0.00
Enterprise Value (EV)	5,843	6,137	5,160	4,903	3,878	3,241	0.00	243	0.00	0.00
Market Capitalization	3,239	3,543	2,419	2,265	2,059	1,455	0.00	243	256	256
Book Value per Share	$15.29	$15.53	$14.75	$15.55	$14.79	$14.76	$15.27	$0.00	$0.00	$0.00
Tangible Book Value per Share	$8.73	$8.93	$7.95	$8.80	$9.28	$9.23	$9.66	$0.00	$0.00	$0.00
Total Capital	3,950	3,959	3,995	3,953	2,973	2,934	2,920	0.00	0.00	0.00
Total Debt	2,594	2,585	2,598	2,489	1,828	1,791	1,748	0.00	0.00	0.00
Total Long-Term Debt	2,594	2,585	2,598	2,489	1,828	1,791	1,748	0.00	0.00	0.00
Net Debt	2,592	2,581	2,591	2,485	1,819	1,786	1,742	0.00	0.00	0.00
Capital Expenditures (CapEx)	68	53	72	117	60	74	52	44	49	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	55	60	87	14	16	15	-13	0.00	0.00	0.00
Debt-free Net Working Capital (DFNWC)	57	64	95	18	25	20	-6.73	0.00	0.00	0.00
Net Working Capital (NWC)	57	64	95	18	25	20	-6.73	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	36	19	52	33	15	49	23	29	55	-1.51
Net Nonoperating Obligations (NNO)	2,592	2,581	2,591	2,485	1,819	1,786	1,742	0.00	0.00	0.00
Total Depreciation and Amortization (D&A)	76	74	77	72	50	49	46	51	50	44
Debt-free, Cash-free Net Working Capital to Revenue	4.34%	5.14%	8.10%	1.43%	1.83%	1.74%	0.00%	0.00%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	4.49%	5.55%	8.79%	1.83%	2.89%	2.39%	0.00%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	4.49%	5.55%	8.79%	1.83%	2.89%	2.39%	0.00%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.34	$0.19	($0.07)	$0.07	$0.39	($0.08)	$0.28	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	87.88M	83.09M	84.29M	84.20M	77.43M	68.06M	76.73M	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$0.33	$0.18	($0.07)	$0.06	$0.39	($0.08)	$0.28	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	90.61M	85.17M	84.29M	90.67M	78.10M	68.33M	76.90M	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	87.86M	87.93M	87.57M	84.51M	84.29M	77.43M	77.40M	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	73	50	60	39	45	42	45	46	42	44
Normalized NOPAT Margin	22.29%	16.12%	18.62%	12.70%	21.04%	18.80%	19.36%	22.61%	22.23%	23.96%
Pre Tax Income Margin	12.61%	11.36%	-2.59%	2.92%	18.61%	-0.69%	12.85%	11.49%	-8.59%	32.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	1.17	2.01	0.00	11.27	1.32	0.76	1.17
NOPAT to Interest Expense	0.00	0.00	0.00	0.77	1.14	0.00	6.62	0.63	0.62	0.89
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-1.06	0.50	0.00	3.64	0.71	0.06	1.17
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-1.47	-0.37	0.00	-1.01	0.03	-0.09	0.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	286.29%	276.98%	553.98%	182.58%	162.69%	359.28%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	385.38%	358.76%	666.95%	204.19%	179.42%	409.31%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Kodiak Gas Services' Financials

When does Kodiak Gas Services's financial year end?

According to the most recent income statement we have on file, Kodiak Gas Services' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Kodiak Gas Services' net income changed over the last 3 years?

Kodiak Gas Services' net income appears to be on a downward trend, with a most recent value of $50.33 million in 2024, falling from $180.96 million in 2021. The previous period was $20.07 million in 2023. Check out Kodiak Gas Services' forecast to explore projected trends and price targets.

What is Kodiak Gas Services's operating income?

Kodiak Gas Services's total operating income in 2024 was $249.45 million, based on the following breakdown:

Total Gross Profit: $700.94 million
Total Operating Expenses: $451.49 million

How has Kodiak Gas Services revenue changed over the last 3 years?

Over the last 3 years, Kodiak Gas Services' total revenue changed from $606.38 million in 2021 to $1.16 billion in 2024, a change of 91.2%.

How much debt does Kodiak Gas Services have?

Kodiak Gas Services' total liabilities were at $3.06 billion at the end of 2024, a 45.7% increase from 2023, and a 2.9% increase since 2022.

How much cash does Kodiak Gas Services have?

In the past 2 years, Kodiak Gas Services' cash and equivalents has ranged from $4.75 million in 2024 to $20.43 million in 2022, and is currently $4.75 million as of their latest financial filing in 2024.

How has Kodiak Gas Services' book value per share changed over the last 3 years?

Over the last 3 years, Kodiak Gas Services' book value per share changed from 0.00 in 2021 to 15.53 in 2024, a change of 1,552.9%.

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This page (NYSE:KGS) was last updated on 5/23/2025 by MarketBeat.com Staff

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Kodiak Gas Services (KGS) Financials

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