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Kodiak Gas Services, Inc. (KGS) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

ENERGY · OIL & GAS EQUIPMENT & SERVICES · DATA UPDATED 2026-08-15

Kodiak Gas Services, Inc. (KGS) operates in the OIL & GAS EQUIPMENT & SERVICES industry and is headquartered in The Woodlands, United States with about 1,300 employees. Its market capitalization is roughly $6 billion. In the fiscal year ended 2025-12-31, KGS reported $1.3B in revenue and $81M in net income.

Kodiak Gas Services, Inc. operates and provides contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Contract Services and Other Services.

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KGS Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Total Revenue$1.4B$1.3B$1.2B$850M$708M$606M$532M
Gross Profit$558M$552M$441M$317M$266M$236M$207M
Gross Margin %40.1%42.2%38.0%37.2%37.6%39.0%39.0%
Operating Income (EBIT)$448M$415M$249M$244M$222M$189M$168M
Operating Margin %32.2%31.7%21.5%28.7%31.4%31.2%31.6%
Net Income$80M$81M$50M$20M$106M$181M($2M)
Net Margin %5.8%6.2%4.3%2.4%15.0%29.8%-0.4%
EBITDA$603M$591M$533M$441M$480M$367M$264M
Earnings Per Share (EPS)$0.86$0.92$0.59$0.29$1.42$2.41$-0.03
Shares Outstanding (M)97M87M85M68M75M75M75M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

KGS Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$391M$346M$333M$323M$323M$330M$310M$325M
Gross Profit$124M$154M$140M$140M$141M$131M$121M$122M
Gross Margin %31.8%44.6%42.0%43.4%43.8%39.6%39.1%37.5%
Operating Income (EBIT)$124M$116M$104M$104M$106M$101M$69M$66M
Operating Margin %31.8%33.7%31.1%32.2%32.9%30.5%22.3%20.3%
Net Income$52M$18M$25M($14M)$39M$30M$19M($6M)
Net Margin %13.3%5.1%7.4%-4.3%12.2%9.2%6.2%-1.7%
EBITDA$202M$138M$161M$102M$165M$159M$157M$119M
Earnings Per Share (EPS)$0.54$0.20$0.28$-0.16$0.44$0.34$0.21$-0.07
Shares Outstanding (M)97M88M87M87M90M91M89M84M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

KGS Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Cash from Operations (CFO)$479M$600M$328M$266M$220M$250M$244M
Capital Expenditures (CapEx)$474M$315M$337M$220M$259M$202M$297M
Free Cash Flow (FCF)$5M$284M($9M)$47M($40M)$48M($53M)
FCF Margin %0.4%21.7%-0.8%5.5%-5.6%7.9%-10.0%
Dividends Paid$176M$160M$134M$72M$838M$1M$1M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

KGS Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$99M$71M$195M$113M$177M$114M$118M$37M
Capital Expenditures (CapEx)$200M$118M$53M$102M$83M$78M$73M$87M
Free Cash Flow (FCF)($101M)($47M)$142M$11M$95M$37M$45M($50M)
FCF Margin %-25.8%-13.7%42.7%3.4%29.3%11.2%14.6%-15.3%
Dividends Paid$50M$43M$43M$40M$40M$36M$36M$35M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

KGS Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Total Assets$5.5B$4.3B$4.4B$3.2B$3.2B$3.0B$3.3B
Cash & Cash Equivalents$138M$3M$5M$6M$20M$29M$24M
Total Liabilities$3.3B$3.1B$3.1B$2.1B$3.0B$2.1B$2.5B
Total Debt (Short + Long-Term)$2.7B$2.6B$2.6B$1.8B$2.7B$1.8B$1.5B
Total Shareholders' Equity$2.2B$1.2B$1.4B$1.1B$229M$960M$755M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive KGS viewer.

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