Kodiak Gas Services (KGS) Financials

$76.03 +0.89 (+1.18%)

Closing price 05/13/2026 03:59 PM Eastern

Extended Trading

$71.45 -4.58 (-6.02%)

As of 07:49 AM 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	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	181	106	20	50	81
Consolidated Net Income / (Loss)	181	106	20	50	82
Net Income / (Loss) Continuing Operations	181	106	20	50	82
Total Pre-Tax Income	122	139	35	76	113
Total Operating Income	189	222	244	249	340
Total Gross Profit	396	441	500	701	828
Total Revenue	606	708	850	1,159	1,308
Operating Revenue	606	708	850	1,159	1,308
Total Cost of Revenue	210	267	351	458	480
Operating Cost of Revenue	210	267	351	458	480
Total Operating Expenses	207	218	255	451	488
Selling, General & Admin Expense	38	45	73	152	144
Depreciation Expense	160	174	183	260	276
Impairment Charge	9.11	0.00	0.00	9.92	6.34
Other Special Charges / (Income)	0.43	-0.87	-0.78	30	62
Total Other Income / (Expense), net	-67	-83	-209	-174	-227
Interest Expense	85	0.00	6.76	0.00	0.00
Interest & Investment Income	18	-166	-223	-197	-198
Other Income / (Expense), net	-0.10	83	20	24	-28
Income Tax Expense	-59	33	15	26	32
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	0.00	0.44	1.07
Basic Earnings per Share	$3.07	$1.80	$0.29	$0.58	$0.90
Weighted Average Basic Shares Outstanding	59M	59M	68.06M	83.09M	87.20M
Diluted Earnings per Share	$3.07	$1.80	$0.29	$0.56	$0.89
Weighted Average Diluted Shares Outstanding	59M	59M	68.33M	85.17M	88.52M
Weighted Average Basic & Diluted Shares Outstanding	-	-	77.43M	87.93M	85.87M

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	22	-6.87	30	6.23	-5.65	19	30	39	-14	25	18
Consolidated Net Income / (Loss)	22	-6.87	30	6.71	-6.21	20	31	40	-14	25	18
Net Income / (Loss) Continuing Operations	22	-6.87	30	6.71	-6.21	20	31	40	-14	25	18
Total Pre-Tax Income	30	-1.57	40	9.05	-8.40	35	42	53	-20	39	21
Total Operating Income	61	61	60	54	66	69	89	100	64	87	107
Total Gross Profit	127	134	132	182	195	191	201	208	207	213	223
Total Revenue	231	226	215	310	325	310	330	323	323	333	346
Operating Revenue	231	226	215	310	325	310	330	323	323	333	346
Total Cost of Revenue	104	92	84	127	129	118	128	115	116	120	123
Operating Cost of Revenue	104	92	84	127	129	118	128	115	116	120	123
Total Operating Expenses	66	74	72	128	129	122	112	108	142	126	116
Selling, General & Admin Expense	20	27	25	60	36	31	32	35	38	39	46
Depreciation Expense	46	46	47	69	73	70	71	66	66	73	69
Other Special Charges / (Income)	0.00	-0.06	0.00	-1.17	10	20	9.21	6.61	38	7.52	1.26
Total Other Income / (Expense), net	-31	-62	-20	-45	-74	-34	-48	-46	-85	-48	-86
Interest Expense	6.76	-142	-	-	-	-92	0.00	-	-	-	37
Interest & Investment Income	-40	-	-40	-52	-54	-	-47	-46	-56	-49	-49
Other Income / (Expense), net	15	-22	20	7.02	-20	17	-0.40	-0.55	-28	1.07	-0.94
Income Tax Expense	7.90	5.31	9.88	2.34	-2.18	16	11	13	-6.30	14	2.76
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-	0.00	0.49	-0.56	-	0.63	0.49	-0.19	0.14	0.06
Basic Earnings per Share	$0.28	($0.08)	$0.39	$0.07	($0.07)	$0.19	$0.34	$0.44	($0.17)	$0.29	$0.20
Weighted Average Basic Shares Outstanding	76.73M	68.06M	77.43M	84.20M	84.29M	83.09M	87.88M	87.70M	87.06M	87.20M	85.94M
Diluted Earnings per Share	$0.28	($0.08)	$0.39	$0.06	($0.07)	$0.18	$0.33	$0.43	($0.17)	$0.30	$0.20
Weighted Average Diluted Shares Outstanding	76.90M	68.33M	78.10M	90.67M	84.29M	85.17M	90.61M	90.04M	87.06M	88.52M	87.50M
Weighted Average Basic & Diluted Shares Outstanding	77.40M	77.43M	84.29M	84.51M	87.57M	87.93M	87.86M	87.75M	86.68M	85.87M	88.77M
Cash Dividends to Common per Share	-	-	$0.38	$0.38	$0.41	-	$0.41	$0.45	$0.45	-	$0.49

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	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	4.69	-8.36	-15	-0.81	-1.57
Net Cash From Operating Activities	250	220	266	328	600
Net Cash From Continuing Operating Activities	250	220	266	328	600
Net Income / (Loss) Continuing Operations	181	106	20	50	82
Consolidated Net Income / (Loss)	181	106	20	50	82
Depreciation Expense	160	174	183	260	276
Amortization Expense	6.94	14	14	12	18
Non-Cash Adjustments To Reconcile Net Income	-23	-82	57	88	114
Changes in Operating Assets and Liabilities, net	-75	6.90	-7.35	-82	110
Net Cash From Investing Activities	-202	-251	-218	-292	-285
Net Cash From Continuing Investing Activities	-202	-251	-218	-292	-285
Purchase of Property, Plant & Equipment	-202	-259	-220	-337	-315
Acquisitions	-	0.00	0.00	9.46	0.00
Sale of Property, Plant & Equipment	0.01	8.08	1.45	35	30
Other Investing Activities, net	-0.11	-0.12	-0.08	0.00	0.00
Net Cash From Financing Activities	-43	23	-63	-36	-316
Net Cash From Continuing Financing Activities	-43	23	-63	-36	-316
Repayment of Debt	-630	-753	-1,279	-2,497	-2,902
Repurchase of Common Equity	0.00	0.00	-10	-41	-104
Payment of Dividends	-1.13	-838	-72	-139	-161
Issuance of Debt	564	1,614	1,020	2,642	2,857
Issuance of Common Equity	0.00	0.00	278	0.00	0.00
Other Financing Activities, net	24	0.00	0.00	-0.65	-6.49
Cash Interest Paid	120	143	217	147	169
Cash Income Taxes Paid	1.85	2.18	9.76	15	5.94

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-35	-0.57	3.74	-5.45	3.58	-2.68	-2.80	3.48	-4.70	2.46	91
Net Cash From Operating Activities	86	63	52	121	37	118	114	177	113	195	71
Net Cash From Continuing Operating Activities	86	63	52	121	37	118	114	177	113	195	71
Net Income / (Loss) Continuing Operations	22	-6.87	30	6.71	-6.21	20	31	40	-14	25	18
Consolidated Net Income / (Loss)	22	-6.87	30	6.71	-6.21	20	31	40	-14	25	18
Depreciation Expense	46	46	47	69	73	70	71	66	66	73	69
Amortization Expense	0.19	2.30	3.84	2.30	3.13	3.89	5.56	4.86	4.47	2.96	2.96
Non-Cash Adjustments To Reconcile Net Income	-2.65	30	-4.92	22	45	31	6.55	32	53	22	46
Changes in Operating Assets and Liabilities, net	20	-9.69	-25	20	-79	-6.41	0.65	34	4.20	72	-64
Net Cash From Investing Activities	-52	-74	-60	-107	-72	-53	-68	-74	-93	-50	-115
Net Cash From Continuing Investing Activities	-52	-74	-60	-107	-72	-53	-68	-74	-93	-50	-115
Purchase of Property, Plant & Equipment	-52	-74	-60	-117	-87	-73	-78	-83	-102	-53	-118
Sale of Property, Plant & Equipment	-	0.39	0.00	0.41	15	20	9.38	8.23	9.34	3.23	3.47
Net Cash From Financing Activities	-69	11	12	-19	39	-68	-49	-99	-25	-143	135
Net Cash From Continuing Financing Activities	-69	11	12	-19	39	-68	-49	-99	-25	-143	135
Repayment of Debt	-595	-222	-966	-920	-248	-363	-346	-387	-1,754	-415	-1,161
Repurchase of Common Equity	-9.25	-0.79	-0.45	-0.72	-25	-15	-9.96	-10	-50	-34	0.00
Payment of Dividends	-	-30	-30	-35	-38	-37	-37	-40	-40	-43	-43
Issuance of Debt	257	264	1,008	937	352	345	347	339	1,819	351	1,354
Other Financing Activities, net	-	-	-0.29	-0.41	-2.42	-2.07	-3.53	-0.87	-0.10	-1.99	-16
Cash Interest Paid	57	44	32	8.84	66	41	57	30	50	32	41
Cash Income Taxes Paid	0.22	3.82	0.00	9.23	1.11	4.33	0.49	4.91	0.29	0.26	0.05

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	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,206	3,244	4,435	4,318
Total Current Assets	204	231	384	323
Cash & Equivalents	20	5.56	4.75	3.18
Accounts Receivable	98	113	254	198
Inventories, net	72	76	103	102
Prepaid Expenses	9.52	10	11	16
Other Current Assets	4.38	26	11	5.19
Plant, Property, & Equipment, net	2,489	2,536	3,395	3,378
Total Noncurrent Assets	513	477	656	617
Noncurrent Note & Lease Receivables	-	0.00	5.70	6.50
Goodwill	306	306	415	409
Intangible Assets	132	123	163	154
Other Noncurrent Operating Assets	75	49	73	48
Total Liabilities & Shareholders' Equity	3,206	3,244	4,435	4,318
Total Liabilities	2,976	2,101	3,062	3,111
Total Current Liabilities	189	211	319	386
Accounts Payable	38	50	58	73
Accrued Expenses	94	97	189	218
Other Current Liabilities	57	64	73	95
Total Noncurrent Liabilities	2,787	1,891	2,742	2,725
Long-Term Debt	2,720	1,791	2,582	2,555
Capital Lease Obligations	-	0.00	3.51	4.41
Noncurrent Deferred & Payable Income Tax Liabilities	57	63	104	123
Other Noncurrent Operating Liabilities	10	37	53	42
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	229	1,143	1,374	1,207
Total Preferred & Common Equity	229	1,143	1,360	1,202
Preferred Stock	0.00	0.00	0.01	0.00
Total Common Equity	229	1,143	1,360	1,202
Common Stock	34	965	1,306	1,335
Retained Earnings	195	178	94	13
Treasury Stock	-	0.00	-40	-144
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	-1.59
Noncontrolling Interest	-	0.00	14	4.91

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	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3,244	3,316	4,439	4,492	4,436	4,376	4,372	4,495
Total Current Assets	216	263	352	443	387	346	341	460
Cash & Equivalents	6.13	9.31	3.85	7.43	1.95	5.43	0.72	94
Accounts Receivable	117	143	203	280	254	225	216	238
Inventories, net	71	83	120	118	100	101	101	104
Prepaid Expenses	13	5.25	14	20	12	9.16	19	15
Other Current Assets	9.61	23	11	18	20	5.27	4.88	7.73
Plant, Property, & Equipment, net	2,511	2,562	3,425	3,406	3,400	3,392	3,408	3,419
Total Noncurrent Assets	517	492	662	642	649	638	622	616
Noncurrent Note & Lease Receivables	-	-	4.70	4.70	8.18	7.57	7.22	5.89
Goodwill	306	306	403	414	415	415	409	409
Intangible Assets	125	121	165	161	161	159	156	150
Other Noncurrent Operating Assets	86	66	89	63	64	56	50	52
Total Liabilities & Shareholders' Equity	3,244	3,316	4,439	4,492	4,436	4,376	4,372	4,495
Total Liabilities	2,072	2,171	2,976	3,096	3,080	3,027	3,117	3,320
Total Current Liabilities	223	238	334	349	330	313	349	360
Accounts Payable	49	61	66	86	72	50	76	72
Accrued Expenses	102	109	197	193	179	179	204	196
Other Current Liabilities	72	68	71	70	79	84	69	92
Total Noncurrent Liabilities	1,849	1,934	2,641	2,747	2,750	2,714	2,768	2,960
Long-Term Debt	1,748	1,828	2,487	2,595	2,588	2,545	2,609	2,787
Capital Lease Obligations	-	-	2.56	2.74	5.98	5.39	4.99	3.78
Noncurrent Deferred & Payable Income Tax Liabilities	65	69	98	94	109	118	110	125
Other Noncurrent Operating Liabilities	36	36	54	54	47	46	44	43
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,172	1,145	1,463	1,396	1,356	1,348	1,255	1,175
Total Preferred & Common Equity	1,172	1,145	1,311	1,247	1,344	1,336	1,250	1,171
Preferred Stock	-	0.00	0.06	0.06	0.01	0.01	0.00	0.00
Total Common Equity	1,172	1,145	1,311	1,246	1,344	1,336	1,250	1,171
Common Stock	957	967	1,159	1,160	1,312	1,318	1,331	1,328
Retained Earnings	215	178	152	111	87	86	32	-12
Treasury Stock	-	-	-	-25	-50	-60	-110	-144
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-5.68	-8.32	-2.38	-0.10
Noncontrolling Interest	-	-	153	150	12	12	5.00	3.60

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

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	16.75%	20.13%	36.33%	12.83%
EBITDA Growth	0.00%	38.66%	-6.60%	18.33%	11.11%
EBIT Growth	0.00%	61.62%	-13.37%	3.27%	14.21%
NOPAT Growth	0.00%	-39.38%	-17.68%	18.65%	47.80%
Net Income Growth	0.00%	-41.28%	-81.12%	150.84%	62.09%
EPS Growth	0.00%	-41.37%	-83.89%	93.10%	58.93%
Operating Cash Flow Growth	0.00%	-12.05%	21.14%	23.15%	82.85%
Free Cash Flow Firm Growth	0.00%	0.00%	105.06%	-716.54%	150.55%
Invested Capital Growth	0.00%	0.00%	0.00%	35.03%	-4.82%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	7.77%	1.82%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	20.65%	0.56%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	33.02%	0.50%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	12.67%	8.87%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	110.96%	6.76%
EPS Q/Q Growth	0.00%	0.00%	0.00%	86.67%	15.58%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	12.52%	20.53%	14.59%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	26.55%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-0.82%	-2.69%
Profitability Metrics	-	-	-	-	-
Gross Margin	65.34%	62.23%	58.74%	60.46%	63.31%
EBITDA Margin	58.68%	69.70%	54.19%	47.04%	46.32%
Operating Margin	31.16%	31.37%	28.71%	21.52%	25.99%
EBIT Margin	31.15%	43.12%	31.09%	23.55%	23.84%
Profit (Net Income) Margin	29.84%	15.01%	2.36%	4.34%	6.24%
Tax Burden Percent	147.86%	76.25%	57.11%	66.31%	71.90%
Interest Burden Percent	64.81%	45.66%	13.29%	27.80%	36.39%
Effective Tax Rate	-47.86%	23.75%	42.89%	33.69%	28.10%
Return on Invested Capital (ROIC)	0.00%	11.57%	4.76%	4.81%	6.34%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	6.89%	-0.56%	-0.46%	-0.01%
Return on Net Nonoperating Assets (RNNOA)	0.00%	81.21%	-1.83%	-0.81%	-0.01%
Return on Equity (ROE)	0.00%	92.77%	2.93%	4.00%	6.32%
Cash Return on Invested Capital (CROIC)	0.00%	-188.43%	4.76%	-25.00%	11.27%
Operating Return on Assets (OROA)	0.00%	9.52%	8.20%	7.11%	7.13%
Return on Assets (ROA)	0.00%	3.32%	0.62%	1.31%	1.86%
Return on Common Equity (ROCE)	0.00%	92.77%	2.93%	3.98%	6.28%
Return on Equity Simple (ROE_SIMPLE)	0.00%	46.39%	1.76%	3.70%	0.00%
Net Operating Profit after Tax (NOPAT)	279	169	139	165	244
NOPAT Margin	46.07%	23.92%	16.39%	14.27%	18.69%
Net Nonoperating Expense Percent (NNEP)	0.00%	4.67%	5.32%	5.27%	6.34%
Return On Investment Capital (ROIC_SIMPLE)	-	5.74%	4.75%	4.18%	6.49%
Cost of Revenue to Revenue	34.66%	37.77%	41.26%	39.54%	36.69%
SG&A Expenses to Revenue	6.21%	6.34%	8.62%	13.08%	11.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.18%	30.86%	30.03%	38.94%	37.32%
Earnings before Interest and Taxes (EBIT)	189	305	264	273	312
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	356	493	461	545	606
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.12	1.27	2.61	2.67
Price to Tangible Book Value (P/TBV)	0.00	0.00	2.04	4.53	5.02
Price to Revenue (P/Rev)	0.42	0.36	1.71	3.06	2.45
Price to Earnings (P/E)	1.41	2.41	72.51	71.01	39.87
Dividend Yield	0.00%	0.00%	2.02%	3.91%	4.86%
Earnings Yield	70.69%	41.51%	1.38%	1.41%	2.51%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.01	1.11	1.55	1.53
Enterprise Value to Revenue (EV/Rev)	0.00	4.18	3.81	5.29	4.41
Enterprise Value to EBITDA (EV/EBITDA)	0.00	5.99	7.03	11.25	9.53
Enterprise Value to EBIT (EV/EBIT)	0.00	9.68	12.26	22.48	18.51
Enterprise Value to NOPAT (EV/NOPAT)	0.00	17.45	23.25	37.10	23.61
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	13.44	12.17	18.71	9.62
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	23.23	0.00	13.27
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	11.87	1.57	1.88	2.12
Long-Term Debt to Equity	0.00	11.87	1.57	1.88	2.12
Financial Leverage	0.00	11.78	3.27	1.74	1.99
Leverage Ratio	0.00	13.99	4.70	3.05	3.39
Compound Leverage Factor	0.00	6.39	0.62	0.85	1.23
Debt to Total Capital	0.00%	92.23%	61.06%	65.30%	67.95%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	92.23%	61.06%	65.30%	67.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.35%	0.13%
Common Equity to Total Capital	0.00%	7.77%	38.94%	34.35%	31.92%
Debt to EBITDA	0.00	5.51	3.89	4.74	4.22
Net Debt to EBITDA	0.00	5.47	3.88	4.73	4.22
Long-Term Debt to EBITDA	0.00	5.51	3.89	4.74	4.22
Debt to NOPAT	0.00	16.06	12.85	15.63	10.47
Net Debt to NOPAT	0.00	15.94	12.81	15.60	10.46
Long-Term Debt to NOPAT	0.00	16.06	12.85	15.63	10.47
Altman Z-Score	0.00	0.68	1.03	1.21	1.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.54%	0.72%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	1.08	1.10	1.20	0.84
Quick Ratio	0.00	0.62	0.56	0.81	0.52
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,759	140	-860	435
Operating Cash Flow to CapEx	123.80%	87.50%	121.97%	108.63%	210.22%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	20.65	0.00	0.00
Operating Cash Flow to Interest Expense	2.95	0.00	39.41	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.57	0.00	7.10	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.22	0.26	0.30	0.30
Accounts Receivable Turnover	0.00	7.26	8.07	6.32	5.80
Inventory Turnover	0.00	3.71	4.73	5.11	4.69
Fixed Asset Turnover	0.00	0.28	0.34	0.39	0.39
Accounts Payable Turnover	0.00	7.04	7.99	8.54	7.35
Days Sales Outstanding (DSO)	0.00	50.30	45.23	57.75	62.95
Days Inventory Outstanding (DIO)	0.00	98.51	77.18	71.50	77.91
Days Payable Outstanding (DPO)	0.00	51.87	45.69	42.76	49.64
Cash Conversion Cycle (CCC)	0.00	96.94	76.73	86.48	91.22
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	2,929	2,929	3,954	3,764
Invested Capital Turnover	0.00	0.48	0.29	0.34	0.34
Increase / (Decrease) in Invested Capital	0.00	2,929	-0.13	1,026	-190
Enterprise Value (EV)	0.00	2,956	3,241	6,137	5,772
Market Capitalization	256	256	1,455	3,543	3,210
Book Value per Share	$0.00	$3.88	$14.76	$15.53	$13.79
Tangible Book Value per Share	$0.00	($3.54)	$9.23	$8.93	$7.33
Total Capital	0.00	2,949	2,934	3,959	3,767
Total Debt	0.00	2,720	1,791	2,585	2,560
Total Long-Term Debt	0.00	2,720	1,791	2,585	2,560
Net Debt	0.00	2,700	1,786	2,581	2,556
Capital Expenditures (CapEx)	202	251	218	302	285
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-5.37	15	60	-66
Debt-free Net Working Capital (DFNWC)	0.00	15	20	64	-63
Net Working Capital (NWC)	0.00	15	20	64	-63
Net Nonoperating Expense (NNE)	98	63	119	115	163
Net Nonoperating Obligations (NNO)	0.00	2,700	1,786	2,581	2,556
Total Depreciation and Amortization (D&A)	167	188	196	272	294
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-0.76%	1.74%	5.14%	-5.04%
Debt-free Net Working Capital to Revenue	0.00%	2.13%	2.39%	5.55%	-4.80%
Net Working Capital to Revenue	0.00%	2.13%	2.39%	5.55%	-4.80%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.29	$0.58	$0.90
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	68.06M	83.09M	87.20M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.29	$0.56	$0.89
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	68.33M	85.17M	88.52M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	77.43M	87.93M	85.87M
Normalized Net Operating Profit after Tax (NOPAT)	139	169	139	192	293
Normalized NOPAT Margin	22.91%	23.83%	16.34%	16.53%	22.42%
Pre Tax Income Margin	20.18%	19.69%	4.13%	6.55%	8.67%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	2.23	0.00	39.13	0.00	0.00
NOPAT to Interest Expense	3.30	0.00	20.63	0.00	0.00
EBIT Less CapEx to Interest Expense	-0.15	0.00	6.82	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.92	0.00	-11.68	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.63%	788.59%	359.28%	276.98%	197.17%
Augmented Payout Ratio	0.63%	788.59%	409.31%	358.76%	324.60%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	85,869,390.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	85,869,390.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.21
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.47%	0.00%	13.35%	52.31%	40.55%	36.97%	52.97%	4.26%	-0.59%	7.54%	4.89%
EBITDA Growth	19.61%	0.00%	26.07%	-10.22%	-0.19%	83.34%	26.21%	29.17%	-12.66%	2.11%	7.67%
EBIT Growth	30.74%	0.00%	52.59%	-36.94%	-40.11%	122.09%	11.19%	62.11%	-21.25%	1.78%	19.25%
NOPAT Growth	0.75%	0.00%	7.33%	-13.62%	3.44%	-9.44%	46.87%	85.73%	-2.84%	43.37%	38.91%
Net Income Growth	-52.58%	0.00%	344.93%	-61.68%	-128.54%	385.13%	2.66%	495.62%	-128.58%	26.35%	-42.45%
EPS Growth	-64.10%	0.00%	285.71%	-80.00%	-125.00%	325.00%	-15.38%	616.67%	-142.86%	66.67%	-39.39%
Operating Cash Flow Growth	0.00%	89.82%	121.31%	27.89%	-56.98%	89.19%	121.82%	46.32%	207.44%	64.46%	-37.74%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	64.19%	0.00%	68.56%	103.33%	115.97%	124.88%	118.45%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	36.85%	35.03%	33.21%	-1.40%	-2.99%	-4.82%	-1.95%
Revenue Q/Q Growth	13.61%	-2.17%	-4.64%	43.70%	4.84%	-4.66%	6.50%	-2.06%	-0.03%	3.14%	3.87%
EBITDA Q/Q Growth	-17.33%	-28.39%	56.81%	2.71%	-8.10%	31.55%	2.58%	3.22%	-37.29%	53.80%	8.16%
EBIT Q/Q Growth	-21.53%	-48.89%	136.30%	-23.38%	-25.47%	89.55%	2.73%	11.71%	-63.80%	144.98%	20.36%
NOPAT Q/Q Growth	-3.87%	-4.93%	6.66%	-11.38%	15.11%	-16.76%	72.97%	12.06%	-39.79%	22.84%	67.59%
Net Income Q/Q Growth	24.26%	-131.58%	539.80%	-77.80%	-192.52%	415.57%	58.35%	28.83%	-135.51%	274.44%	-27.88%
EPS Q/Q Growth	-6.67%	-128.57%	587.50%	-84.62%	-216.67%	357.14%	83.33%	30.30%	-139.53%	276.47%	-33.33%
Operating Cash Flow Q/Q Growth	-9.45%	-26.95%	-17.70%	134.92%	-69.54%	221.29%	-3.51%	54.97%	-36.01%	71.87%	-63.47%
Free Cash Flow Firm Q/Q Growth	0.00%	100.00%	0.00%	-33.92%	73.72%	3.90%	7.04%	114.17%	26.14%	49.74%	-31.07%
Invested Capital Q/Q Growth	0.00%	0.51%	1.21%	33.23%	0.97%	-0.82%	-0.15%	-1.39%	-0.65%	-2.69%	2.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.85%	59.42%	61.22%	58.90%	60.17%	61.80%	61.03%	64.30%	63.99%	63.95%	64.46%
EBITDA Margin	53.00%	38.79%	60.06%	42.93%	37.64%	51.93%	50.02%	52.71%	33.06%	49.30%	51.34%
Operating Margin	26.39%	26.88%	27.92%	17.49%	20.35%	22.31%	27.06%	30.89%	19.89%	26.10%	30.89%
EBIT Margin	32.96%	17.22%	37.05%	19.76%	14.04%	27.92%	26.93%	30.72%	11.13%	26.43%	30.62%
Profit (Net Income) Margin	9.42%	-3.04%	14.03%	2.17%	-1.91%	6.33%	9.42%	12.39%	-4.40%	7.44%	5.17%
Tax Burden Percent	73.36%	438.11%	75.38%	74.19%	73.98%	55.77%	74.68%	74.84%	69.26%	63.53%	86.61%
Interest Burden Percent	38.97%	-4.03%	50.23%	14.79%	-18.41%	40.67%	46.81%	53.87%	-57.08%	44.31%	19.48%
Effective Tax Rate	26.64%	0.00%	24.62%	25.82%	0.00%	44.23%	25.32%	25.16%	0.00%	36.47%	13.39%
Return on Invested Capital (ROIC)	0.00%	5.46%	12.44%	6.46%	4.44%	4.19%	7.44%	7.59%	4.55%	5.62%	9.06%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	2.70%	10.77%	3.76%	2.02%	3.32%	5.83%	6.21%	2.28%	4.44%	6.24%
Return on Net Nonoperating Assets (RNNOA)	0.00%	4.22%	17.12%	6.39%	3.41%	5.77%	10.29%	11.11%	4.48%	8.83%	13.04%
Return on Equity (ROE)	0.00%	9.68%	29.55%	12.84%	7.85%	9.96%	17.73%	18.69%	9.03%	14.45%	22.10%
Cash Return on Invested Capital (CROIC)	0.00%	4.76%	0.00%	0.00%	0.00%	-25.00%	-23.15%	7.14%	8.75%	11.27%	8.73%
Operating Return on Assets (OROA)	0.00%	4.54%	9.78%	8.74%	3.91%	8.43%	8.85%	8.97%	3.23%	7.90%	9.08%
Return on Assets (ROA)	0.00%	-0.80%	3.70%	0.96%	-0.53%	1.91%	3.09%	3.62%	-1.28%	2.22%	1.53%
Return on Common Equity (ROCE)	0.00%	9.68%	29.55%	11.50%	7.39%	9.91%	17.65%	17.60%	8.51%	14.35%	21.96%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	5.47%	3.95%	1.91%	0.00%	3.81%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	45	43	45	40	46	39	67	75	45	55	93
NOPAT Margin	19.36%	18.81%	21.04%	12.98%	14.25%	12.44%	20.20%	23.12%	13.92%	16.58%	26.76%
Net Nonoperating Expense Percent (NNEP)	2.64%	2.77%	1.66%	2.69%	2.42%	0.87%	1.61%	1.38%	2.27%	1.19%	2.82%
Return On Investment Capital (ROIC_SIMPLE)	-	1.45%	-	-	-	0.97%	1.69%	1.91%	1.16%	1.47%	2.33%
Cost of Revenue to Revenue	45.15%	40.58%	38.78%	41.10%	39.83%	38.20%	38.97%	35.70%	36.01%	36.05%	35.54%
SG&A Expenses to Revenue	8.51%	12.01%	11.52%	19.35%	10.94%	10.15%	9.78%	10.88%	11.70%	11.69%	13.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.46%	32.54%	33.30%	41.41%	39.82%	39.49%	33.97%	33.41%	44.10%	37.85%	33.57%
Earnings before Interest and Taxes (EBIT)	76	39	80	61	46	86	89	99	36	88	106
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	122	88	129	133	122	161	165	170	107	164	178
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.27	1.80	1.73	1.94	2.61	2.41	2.22	2.56	2.67	4.28
Price to Tangible Book Value (P/TBV)	0.00	2.04	2.86	3.05	3.60	4.53	4.22	3.90	4.68	5.02	8.17
Price to Revenue (P/Rev)	0.00	1.71	2.35	2.31	2.25	3.06	2.54	2.31	2.49	2.45	3.78
Price to Earnings (P/E)	0.00	72.51	32.87	44.11	101.06	71.01	64.68	35.61	42.69	39.87	73.74
Dividend Yield	0.00%	2.02%	2.86%	4.24%	5.41%	3.91%	4.37%	4.97%	5.84%	4.86%	3.22%
Earnings Yield	0.00%	1.38%	3.04%	2.27%	0.99%	1.41%	1.55%	2.81%	2.34%	2.51%	1.36%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.11	1.31	1.24	1.29	1.55	1.48	1.42	1.50	1.53	1.99
Enterprise Value to Revenue (EV/Rev)	0.00	3.81	4.43	4.99	4.80	5.29	4.59	4.29	4.53	4.41	5.82
Enterprise Value to EBITDA (EV/EBITDA)	0.00	7.03	8.30	10.84	11.42	11.25	10.08	8.94	9.66	9.53	12.46
Enterprise Value to EBIT (EV/EBIT)	0.00	12.26	14.27	20.79	25.14	22.48	20.72	17.27	18.75	18.51	23.43
Enterprise Value to NOPAT (EV/NOPAT)	0.00	23.25	23.24	30.96	35.15	37.10	31.74	24.59	25.92	23.61	29.15
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	12.17	13.16	15.28	18.96	18.71	14.95	12.36	11.12	9.62	13.85
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.73	16.93	13.27	22.59
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.49	1.57	1.60	1.70	1.86	1.88	1.91	1.89	2.08	2.12	2.38
Long-Term Debt to Equity	1.49	1.57	1.60	1.70	1.86	1.88	1.91	1.89	2.08	2.12	2.38
Financial Leverage	1.49	1.56	1.59	1.70	1.69	1.74	1.76	1.79	1.96	1.99	2.09
Leverage Ratio	2.77	4.70	2.90	3.03	3.01	3.05	3.10	3.14	3.34	3.39	3.53
Compound Leverage Factor	1.08	-0.19	1.45	0.45	-0.55	1.24	1.45	1.69	-1.91	1.50	0.69
Debt to Total Capital	59.87%	61.06%	61.49%	62.98%	65.04%	65.30%	65.68%	65.41%	67.57%	67.95%	70.37%
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%	0.00%
Long-Term Debt to Total Capital	59.87%	61.06%	61.49%	62.98%	65.04%	65.30%	65.68%	65.41%	67.57%	67.95%	70.37%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	3.86%	3.75%	0.35%	0.30%	0.32%	0.13%	0.13%	0.09%
Common Equity to Total Capital	40.13%	38.94%	38.51%	33.16%	31.20%	34.35%	34.02%	34.27%	32.30%	31.92%	29.54%
Debt to EBITDA	0.00	3.89	3.91	5.51	5.75	4.74	4.48	4.13	4.34	4.22	4.51
Net Debt to EBITDA	0.00	3.88	3.89	5.50	5.73	4.73	4.47	4.12	4.34	4.22	4.36
Long-Term Debt to EBITDA	0.00	3.89	3.91	5.51	5.75	4.74	4.48	4.13	4.34	4.22	4.51
Debt to NOPAT	0.00	12.85	10.96	15.72	17.70	15.63	14.09	11.35	11.64	10.47	10.55
Net Debt to NOPAT	0.00	12.81	10.90	15.69	17.65	15.60	14.08	11.33	11.64	10.46	10.20
Long-Term Debt to NOPAT	0.00	12.85	10.96	15.72	17.70	15.63	14.09	11.35	11.64	10.47	10.55
Altman Z-Score	0.00	0.80	1.00	0.78	0.80	1.07	1.03	0.99	0.95	0.98	1.30
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	10.43%	5.84%	0.54%	0.48%	5.87%	5.84%	0.72%	0.62%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.97	1.10	1.11	1.05	1.27	1.20	1.17	1.10	0.98	0.84	1.28
Quick Ratio	0.55	0.56	0.64	0.62	0.83	0.81	0.77	0.73	0.62	0.52	0.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,869	0.00	-2,919	-3,909	-1,027	-987	-918	130	164	246	169
Operating Cash Flow to CapEx	166.34%	84.83%	85.68%	103.82%	51.24%	222.78%	167.69%	238.17%	121.75%	392.88%	61.95%
Free Cash Flow to Firm to Interest Expense	-424.58	0.00	-73.44	-74.97	0.00	0.00	0.00	0.00	0.00	0.00	4.64
Operating Cash Flow to Interest Expense	12.69	0.00	1.30	2.32	0.00	0.00	0.00	0.00	0.00	0.00	1.95
Operating Cash Flow Less CapEx to Interest Expense	5.06	0.00	-0.22	0.09	0.00	0.00	0.00	0.00	0.00	0.00	-1.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.26	0.26	0.44	0.28	0.30	0.33	0.29	0.29	0.30	0.30
Accounts Receivable Turnover	0.00	8.07	6.11	0.00	5.42	6.32	6.42	6.01	5.18	5.80	5.38
Inventory Turnover	0.00	4.73	4.37	0.00	4.58	5.11	5.51	4.45	4.36	4.69	4.66
Fixed Asset Turnover	0.00	0.34	0.34	0.00	0.36	0.39	0.43	0.38	0.38	0.39	0.39
Accounts Payable Turnover	0.00	7.99	5.97	0.00	6.41	8.54	7.60	8.47	5.91	7.35	6.61
Days Sales Outstanding (DSO)	0.00	45.23	59.70	0.00	67.40	57.75	56.88	60.72	70.50	62.95	67.81
Days Inventory Outstanding (DIO)	0.00	77.18	83.44	0.00	79.74	71.50	66.26	81.97	83.71	77.91	78.38
Days Payable Outstanding (DPO)	0.00	45.69	61.11	0.00	56.92	42.76	48.03	43.09	61.76	49.64	55.23
Cash Conversion Cycle (CCC)	0.00	76.73	82.03	0.00	90.23	86.48	75.11	99.61	92.45	91.22	90.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,914	2,929	2,964	3,949	3,987	3,954	3,948	3,893	3,868	3,764	3,871
Invested Capital Turnover	0.00	0.29	0.59	0.50	0.31	0.34	0.37	0.33	0.33	0.34	0.34
Increase / (Decrease) in Invested Capital	2,914	0.00	2,964	3,949	1,074	1,026	984	-55	-119	-190	-77
Enterprise Value (EV)	0.00	3,241	3,878	4,903	5,160	6,137	5,843	5,525	5,820	5,772	7,708
Market Capitalization	0.00	1,455	2,059	2,265	2,419	3,543	3,239	2,968	3,201	3,210	5,008
Book Value per Share	$15.27	$14.76	$14.79	$15.55	$14.75	$15.53	$15.29	$15.21	$14.24	$13.79	$13.64
Tangible Book Value per Share	$9.66	$9.23	$9.28	$8.80	$7.95	$8.93	$8.73	$8.67	$7.80	$7.33	$7.14
Total Capital	2,920	2,934	2,973	3,953	3,995	3,959	3,950	3,899	3,869	3,767	3,966
Total Debt	1,748	1,791	1,828	2,489	2,598	2,585	2,594	2,550	2,614	2,560	2,791
Total Long-Term Debt	1,748	1,791	1,828	2,489	2,598	2,585	2,594	2,550	2,614	2,560	2,791
Net Debt	1,742	1,786	1,819	2,485	2,591	2,581	2,592	2,545	2,613	2,556	2,696
Capital Expenditures (CapEx)	52	74	60	117	72	53	68	74	93	50	115
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-13	15	16	14	87	60	55	27	-8.27	-66	5.20
Debt-free Net Working Capital (DFNWC)	-6.73	20	25	18	95	64	57	32	-7.55	-63	100
Net Working Capital (NWC)	-6.73	20	25	18	95	64	57	32	-7.55	-63	100
Net Nonoperating Expense (NNE)	23	49	15	33	52	19	36	35	59	30	75
Net Nonoperating Obligations (NNO)	1,742	1,786	1,819	2,485	2,591	2,581	2,592	2,545	2,613	2,556	2,696
Total Depreciation and Amortization (D&A)	46	49	50	72	77	74	76	71	71	76	72
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	1.74%	1.83%	1.43%	8.10%	5.14%	4.34%	2.08%	-0.64%	-5.04%	0.39%
Debt-free Net Working Capital to Revenue	0.00%	2.39%	2.89%	1.83%	8.79%	5.55%	4.49%	2.50%	-0.59%	-4.80%	7.52%
Net Working Capital to Revenue	0.00%	2.39%	2.89%	1.83%	8.79%	5.55%	4.49%	2.50%	-0.59%	-4.80%	7.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	($0.08)	$0.39	$0.07	($0.07)	$0.19	$0.34	$0.44	($0.17)	$0.29	$0.20
Adjusted Weighted Average Basic Shares Outstanding	76.73M	68.06M	77.43M	84.20M	84.29M	83.09M	87.88M	87.70M	87.06M	87.20M	85.94M
Adjusted Diluted Earnings per Share	$0.28	($0.08)	$0.39	$0.06	($0.07)	$0.18	$0.33	$0.43	($0.17)	$0.30	$0.20
Adjusted Weighted Average Diluted Shares Outstanding	76.90M	68.33M	78.10M	90.67M	84.29M	85.17M	90.61M	90.04M	87.06M	88.52M	87.50M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	77.40M	77.43M	84.29M	84.51M	87.57M	87.93M	87.86M	87.75M	86.68M	85.87M	88.77M
Normalized Net Operating Profit after Tax (NOPAT)	45	42	45	39	60	50	73	80	72	60	94
Normalized NOPAT Margin	19.36%	18.80%	21.04%	12.70%	18.62%	16.12%	22.29%	24.65%	22.22%	18.02%	27.07%
Pre Tax Income Margin	12.85%	-0.69%	18.61%	2.92%	-2.59%	11.36%	12.61%	16.55%	-6.35%	11.71%	5.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.27	0.00	2.01	1.17	0.00	0.00	0.00	0.00	0.00	0.00	2.90
NOPAT to Interest Expense	6.62	0.00	1.14	0.77	0.00	0.00	0.00	0.00	0.00	0.00	2.53
EBIT Less CapEx to Interest Expense	3.64	0.00	0.50	-1.06	0.00	0.00	0.00	0.00	0.00	0.00	-0.25
NOPAT Less CapEx to Interest Expense	-1.01	0.00	-0.37	-1.47	0.00	0.00	0.00	0.00	0.00	0.00	-0.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	359.28%	162.69%	182.58%	553.98%	276.98%	286.29%	179.90%	202.33%	197.17%	243.85%
Augmented Payout Ratio	0.00%	409.31%	179.42%	204.19%	666.95%	358.76%	385.38%	250.93%	313.97%	324.60%	381.27%

Financials Breakdown Chart

Key Financial Trends

Kodiak Gas Services (NYSE: KGS) has shown a mix of growth and volatility in its latest quarterly results. Below is a concise, bulleted view of trends from the last four years of quarterly statements, focused on what may matter most to retail investors.

Revenue growth in late 2025: Q4 2025 operating revenue and total revenue reached $332.9M, up from $309.5M in Q4 2024, indicating ongoing top‑line expansion into 2025.
Profitability returning in Q4 2025: Net income attributable to common shareholders was $24.6M for Q4 2025, with basic/diluted EPS around $0.29–$0.30, marking a positive quarterly outcome after some earlier volatility in 2025.
Strong operating cash flow through 2025: Net cash from continuing operating activities ranged from about $114.3M (Q1 2025) to $177.2M (Q2 2025) and $194.9M (Q4 2025), indicating robust cash generation.
Substantial free cash flow in Q4 2025: Free cash flow near $142M (approx. $194.9M operating cash flow minus roughly $53M in capital expenditures), suggesting meaningful cash available after sustaining capex.
Leverage remains high but relatively stable: Long‑term debt around $2.54B–$2.60B with total liabilities near $3.1B–$3.2B and total equity around $1.25B–$1.36B across 2025, implying a persistent debt load but manageable financing metrics given cash flow.
Ongoing asset investment: Quarterly capital expenditures (PPE) in 2025 typically range from about $52M to $103M, indicating continued asset deployment or maintenance as part of operations.
Dividend payments maintained: Quarterly cash dividends per share around $0.41–$0.45, signaling ongoing shareholder returns despite cash outflows in financing activities.
Q3 2025 volatility hit bottom line: Net income attributable to common shareholders was negative in Q3 2025 (about -$14.0M, roughly -$0.17 per share), highlighting quarterly variability.
Financing outflows remain substantial: Net cash from financing activities was negative in 2025 (e.g., -$24.96M in Q3 2025 and -$142.8M in Q4 2025), reflecting debt repayments and shareholder returns that reduce cash despite solid operating cash flow.
Liquidity can be modest at quarter ends: End-of-period cash balances have been relatively small (for example, cash around $0.7M in Q3 2025, with modest levels in other quarters), which can raise near-term liquidity considerations if operating cash flow deteriorates.

05/14/26 05:50 AM ETAI Generated. May Contain Errors.

Kodiak Gas Services Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kodiak Gas Services' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Kodiak Gas Services' net income appears to be on a downward trend, with a most recent value of $81.59 million in 2025, falling from $180.96 million in 2021. The previous period was $50.33 million in 2024. Check out Kodiak Gas Services' forecast to explore projected trends and price targets.

Kodiak Gas Services' total operating income in 2025 was $340.01 million, based on the following breakdown:

Total Gross Profit: $828.18 million
Total Operating Expenses: $488.17 million

Over the last 4 years, Kodiak Gas Services' total revenue changed from $606.38 million in 2021 to $1.31 billion in 2025, a change of 115.7%.

Kodiak Gas Services' total liabilities were at $3.11 billion at the end of 2025, a 1.6% increase from 2024, and a 4.5% increase since 2022.

In the past 3 years, Kodiak Gas Services' cash and equivalents has ranged from $3.18 million in 2025 to $20.43 million in 2022, and is currently $3.18 million as of their latest financial filing in 2025.

Over the last 4 years, Kodiak Gas Services' book value per share changed from 0.00 in 2021 to 13.79 in 2025, a change of 1,379.0%.

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Financial statements for NYSE:KGS last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Kodiak Gas Services (KGS) Financials

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Kodiak Gas Services (KGS) Financials

Annual Income Statements for Kodiak Gas Services

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Quarterly Balance Sheets for Kodiak Gas Services

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Quarterly Metrics And Ratios for Kodiak Gas Services

Financials Breakdown Chart

Key Financial Trends

Kodiak Gas Services Financials - Frequently Asked Questions

When does Kodiak Gas Services' financial year end?

How has Kodiak Gas Services' net income changed over the last 4 years?

What is Kodiak Gas Services' operating income?

How has Kodiak Gas Services' revenue changed over the last 4 years?

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How has Kodiak Gas Services' book value per share changed over the last 4 years?

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