KGS - Kodiak Gas Services, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$75.20
DETAILS
HIGH:
$88.00
LOW:
$44.00
MEDIAN:
$84.00
CONSENSUS:
$75.20
UPSIDE:
2.02%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 1,308.1 | 1,159.3 | 850.4 | 707.9 | 606.4 | 532.4 |
| Cost of Revenue | 756.1 | 718.6 | 533.7 | 441.8 | 370.2 | 324.9 |
| Gross Profit | 552.0 | 440.7 | 316.6 | 266.1 | 236.2 | 207.5 |
| Operating Expenses | ||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 137.5 | 151.7 | 73.3 | 44.9 | 37.7 | 39.0 |
| Other Expenses | 0 | 39.5 | (0.8) | (0.9) | 9.5 | 0 |
| Operating Expenses | 137.5 | 191.2 | 72.5 | 44.0 | 47.2 | 39.0 |
| Operating Income | ||||||
| Operating Income | 414.5 | 249.4 | 244.1 | 222.1 | 189.0 | 168.4 |
| Interest Expense | 198.4 | 197.1 | 222.5 | 165.9 | 84.6 | 113.4 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||
| EBITDA | 693.3 | 533.3 | 440.5 | 479.7 | 367.1 | 264.4 |
| EBIT | 414.5 | 273.1 | 257.6 | 305.2 | 207.0 | 118.8 |
| Income Before Tax | 113.5 | 75.9 | 35.1 | 139.4 | 122.4 | 5.3 |
| Income Tax Expense | 31.9 | 25.6 | 15.1 | 33.1 | (58.6) | 7.5 |
| Net Income | 80.5 | 49.9 | 20.1 | 106.3 | 181.0 | (2.2) |
| Per Share Data | ||||||
| EPS (Basic) | 0.92 | 0.60 | 0.29 | 1.42 | 2.41 | -0.03 |
| EPS (Diluted) | 0.89 | 0.56 | 0.29 | 1.42 | 2.41 | -0.03 |
| Shares Outstanding | 86.2 | 83.1 | 68.1 | 75 | 75 | 75 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 3.2 | 4.8 | 5.6 | 20.4 | 28.8 | 24.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 197.6 | 261.2 | 130.6 | 101.1 | 80.7 | 65.3 |
| Inventory | 101.5 | 103.3 | 76.2 | 72.2 | 48.4 | 45.4 |
| Other Current Assets | 20.8 | 14.4 | 14.5 | 4.7 | 1.5 | 2.3 |
| Total Current Assets | 323.1 | 383.7 | 231.0 | 204.0 | 164.1 | 142.4 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 3,426.3 | 3,454.5 | 2,569.8 | 2,498.5 | 2,399.6 | 2,349.2 |
| Goodwill | 408.7 | 415.2 | 305.6 | 305.6 | 305.6 | 305.6 |
| Intangible Assets | 154.5 | 162.7 | 122.9 | 132.4 | 141.8 | 151.3 |
| Long-Term Investments | 0 | 17.5 | 14.3 | 64.5 | 0 | 151.3 |
| Other Non-Current Assets | 5.5 | 1.5 | 0.6 | 0.6 | 0.4 | (151.0) |
| Total Non-Current Assets | 3,994.9 | 4,051.5 | 3,013.1 | 3,001.5 | 2,847.5 | 3,153.4 |
| Total Assets | 4,318.0 | 4,435.1 | 3,244.1 | 3,205.5 | 3,011.6 | 3,295.8 |
| Current Liabilities | ||||||
| Account Payables | 73.0 | 58.7 | 65.3 | 52.1 | 43.7 | 33.4 |
| Short-Term Debt | 0 | 5.3 | 0 | 3.1 | 0.4 | 1,511.8 |
| Deferred Revenue | 0 | 73.1 | 63.7 | 57.1 | 51.2 | 43.6 |
| Other Current Liabilities | 313.0 | 17.1 | 16.6 | 4.7 | 7.1 | 39.6 |
| Total Current Liabilities | 385.9 | 319.4 | 210.6 | 189.0 | 144.1 | 1,643.0 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 43.8 | 2,581.9 | 1,791.5 | 2,720.0 | 1,845.1 | 392.5 |
| Deferred Tax Liabilities | 122.9 | 103.8 | 62.7 | 57.2 | 29.6 | 437.3 |
| Other Non-Current Liabilities | 2,558.0 | 3.1 | 2.1 | 3.5 | 32.7 | 67.7 |
| Total Non-Current Liabilities | 2,724.7 | 2,742.1 | 1,890.8 | 2,787.5 | 1,907.5 | 897.6 |
| Total Liabilities | 3,110.6 | 3,061.5 | 2,101.5 | 2,976.4 | 2,051.5 | 2,540.5 |
| Stockholders' Equity | ||||||
| Common Stock | 0.9 | 0.9 | 0.8 | 0.6 | 0.0 | 0.0 |
| Retained Earnings | 12.8 | 93.6 | 178.1 | 195.3 | 88.1 | (93.0) |
| Accumulated Other Comprehensive Income | (1.6) | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,207.4 | 1,359.9 | 1,142.7 | 229.1 | 960.1 | 755.3 |
| Total Liabilities & Equity | 4,318.0 | 4,435.1 | 3,244.1 | 3,205.5 | 3,011.6 | 3,295.8 |
| Debt Metrics | ||||||
| Total Debt | 43.8 | 2,647.0 | 1,825.9 | 2,729.9 | 1,845.1 | 1,904.3 |
| Net Debt | 40.6 | 2,642.3 | 1,820.4 | 2,709.4 | 1,816.3 | 1,880.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | 81.6 | 50.3 | 20.1 | 106.3 | 181.0 | (2.2) |
| Depreciation & Amortization | 276.2 | 260.3 | 182.9 | 174.5 | 167.0 | 145.6 |
| Stock-Based Compensation | 24.5 | 17.7 | 5.9 | 1.0 | 1.2 | 0 |
| Change in Working Capital | 87.0 | (78.4) | (22.5) | (18.0) | (6.4) | 32.5 |
| Other Non-Cash Items | 104.7 | 62.7 | 72.1 | (71.1) | (92.8) | 62.5 |
| Operating Cash Flow | 599.7 | 328.0 | 266.3 | 219.8 | 250.0 | 244.0 |
| Investing Activities | ||||||
| Capital Expenditure | (315.5) | (337.0) | (219.8) | (259.3) | (201.9) | (297.4) |
| Acquisitions | 0 | 9.5 | 1.4 | 8.1 | 0 | 1.0 |
| Purchases of Investments | 0 | 0 | 0 | (0.1) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | (8.1) | 0 | 0 |
| Other Investing Activities | 30.2 | 35.0 | (0.1) | 8.1 | (0.1) | (0.0) |
| Investing Cash Flow | (285.3) | (292.5) | (218.4) | (251.4) | (202.0) | (296.4) |
| Financing Activities | ||||||
| Net Debt Issuance | (47.2) | 142.5 | (256.6) | 889.0 | (65.2) | 73.7 |
| Stock Repurchased | (104.0) | (42.8) | 0 | 0 | 0 | 0 |
| Dividends Paid | (159.6) | (133.9) | (72.1) | (838) | (1.1) | 0 |
| Other Financing Activities | (5.3) | (2.2) | (11.9) | (27.8) | 23.1 | 0 |
| Financing Cash Flow | (316.0) | (36.3) | (62.8) | 23.2 | (43.3) | 73.7 |
| Cash Position | ||||||
| Net Change in Cash | (1.6) | (0.8) | (14.9) | (8.4) | 4.7 | 21.3 |
| Cash at Beginning | 4.8 | 5.6 | 20.4 | 28.8 | 24.1 | 2.8 |
| Cash at End | 3.2 | 4.8 | 5.6 | 20.4 | 28.8 | 24.1 |
| Free Cash Flow | 284.3 | (9.0) | 46.5 | (39.5) | 48.0 | (53.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 1,308.1 | 1,159.3 | 850.4 | 707.9 | 606.4 | 532.4 |
| Gross Profit | 552.0 | 440.7 | 316.6 | 266.1 | 236.2 | 207.5 |
| Operating Income | 414.5 | 249.4 | 244.1 | 222.1 | 189.0 | 168.4 |
| Net Income | 80.5 | 49.9 | 20.1 | 106.3 | 181.0 | (2.2) |
| EPS (Diluted) | 0.89 | 0.56 | 0.29 | 1.42 | 2.41 | -0.03 |
| Balance Sheet | ||||||
| Cash & Equivalents | 3.2 | 4.8 | 5.6 | 20.4 | 28.8 | 24.1 |
| Total Assets | 4,318.0 | 4,435.1 | 3,244.1 | 3,205.5 | 3,011.6 | 3,295.8 |
| Total Debt | 43.8 | 2,647.0 | 1,825.9 | 2,729.9 | 1,845.1 | 1,904.3 |
| Stockholders' Equity | 1,207.4 | 1,359.9 | 1,142.7 | 229.1 | 960.1 | 755.3 |
| Cash Flow | ||||||
| Operating Cash Flow | 599.7 | 328.0 | 266.3 | 219.8 | 250.0 | 244.0 |
| Capital Expenditure | (315.5) | (337.0) | (219.8) | (259.3) | (201.9) | (297.4) |
| Free Cash Flow | 284.3 | (9.0) | 46.5 | (39.5) | 48.0 | (53.4) |