Kodiak Gas Services, Inc. logo KGS - Kodiak Gas Services, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
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BUY
0
BUY 10
HOLD 0
SELL 0
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0
| PRICE TARGET: $81.57 DETAILS
HIGH: $93.00
LOW: $65.00
MEDIAN: $88.00
CONSENSUS: $81.57
UPSIDE: 52.27%
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1
Revenue
Revenue 391.1 345.8 332.9 322.7 322.8 329.6 309.5 324.6 309.7 215.5 226.0 231.0 203.3 190.1 179.8 182.6 177.2 168.3
Cost of Revenue 266.9 191.6 193.2 182.5 181.4 199.0 188.7 202.7 196.7 130.5 138.2 150.4 128.5 116.7 110.1 114.0 113.5 104.2
Gross Profit 124.2 154.2 139.7 140.2 141.5 130.7 120.9 121.9 112.9 85.0 87.8 80.6 74.8 73.5 69.7 68.6 63.6 64.2
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 40.9 37.7 36.0 36.2 35.1 30.1 31.4 35.5 59.9 24.8 27.1 19.6 13.4 13.1 19.6 11.2 11.7 9.8
Other Expenses (40.9) 0 0 0 0 0 20.4 20.3 (1.2) 0 (0.1) 0 (0.7) 0.0 (0.0) (0.8) 0 (0.0)
Operating Expenses 0 37.7 36.0 36.2 35.1 30.1 51.8 55.8 58.8 24.8 27.1 19.6 12.7 13.1 19.6 10.4 11.7 9.8
Operating Income
Operating Income 124.2 116.5 103.7 104.0 106.3 100.6 69.0 66.1 54.2 60.2 60.7 61.0 62.1 60.4 50.1 58.3 51.9 54.3
Interest Expense 50.1 48.7 49.0 56.4 45.8 47.2 51.3 54.0 52.1 39.7 40.5 39.7 73.7 68.7 0 49.9 36.8 25.6
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5.0 0 0 0
Profitability
EBITDA 201.9 138.0 161.2 102.2 165.3 159.3 156.8 119.0 130.6 126.8 85.4 115.5 142.5 97.2 44.1 154.2 91.9 104.6
EBIT 123.3 69.4 88.0 35.9 99.2 88.8 86.4 45.6 61.2 79.8 38.9 69.4 97.0 52.3 (0.5) 110.1 48.5 62.2
Income Before Tax 73.2 20.6 39.0 (20.5) 53.4 41.6 35.1 (8.4) 9.0 40.1 (1.6) 29.7 23.4 (16.3) 4.5 60.2 11.7 36.6
Income Tax Expense 21.1 2.8 14.2 (6.3) 13.4 10.5 15.5 (2.2) 2.3 9.9 5.3 7.9 5.9 (4.0) 1.0 14.3 2.8 8.6
Net Income 52.0 17.8 24.6 (14.0) 39.5 30.4 19.1 (5.6) 6.2 30.2 (6.9) 21.8 17.5 (12.3) 3.5 45.9 8.9 27.9
Per Share Data
EPS (Basic) 0.54 0.20 0.31 -0.17 0.44 0.34 0.21 -0.07 0.07 0.39 -0.09 0.28 0.30 -0.16 0.05 0.61 0.12 0.37
EPS (Diluted) 0.53 0.20 0.30 -0.17 0.43 0.33 0.21 -0.07 0.06 0.39 -0.09 0.28 0.30 -0.16 0.05 0.61 0.12 0.37
Shares Outstanding 95.5 85.9 86.2 82.4 87.7 87.9 87.0 84.3 84.2 77.4 77.4 84.3 59 75 75 75 75 75
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4
Current Assets
Cash & Cash Equivalents 137.6 94.4 3.2 0.7 5.4 1.9 4.8 7.4 3.9 9.3 5.6 6.1 41.4 3 20.4
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 274.0 246.1 202.8 220.8 229.9 273.5 261.2 293.9 208.8 161.6 130.6 126.5 123.8 119.5 101.1
Inventory 107.1 103.9 101.5 101.2 101.0 99.8 103.3 118.1 119.6 82.9 76.2 70.6 76.8 75.0 72.2
Other Current Assets 9.5 15.2 15.6 18.7 9.2 11.8 14.4 13.8 12.1 6.8 14.5 8.7 13.4 0.5 4.7
Total Current Assets 528.1 459.5 323.1 341.5 345.5 387.1 383.7 443.4 352.4 263.3 231.0 216.5 262.2 208.0 204.0
Non-Current Assets
Property, Plant & Equipment 4,001.8 3,469.4 3,426.3 3,460.4 3,447.8 3,459.7 3,454.5 3,465.5 3,483.5 2,594.0 2,569.8 2,544.6 2,521.6 2,504.6 2,498.5
Goodwill 753.5 408.7 408.7 408.7 415.2 415.2 415.2 413.5 403.4 305.6 305.6 305.6 305.6 305.6 305.6
Intangible Assets 189.4 149.5 154.5 156.4 159.0 161.0 162.7 161.3 165.2 120.5 122.9 125.3 127.6 130.0 132.4
Long-Term Investments 10.1 0 0 4.2 7.0 11.6 17.5 5.1 31.2 32.5 14.3 0 0 0 0
Other Non-Current Assets 17.7 7.5 5.5 0.8 1.4 1.5 1.5 3.2 3.7 0.6 0.6 52.4 44.4 20.6 65.1
Total Non-Current Assets 4,972.5 4,035.1 3,994.9 4,030.4 4,030.4 4,049.0 4,051.5 4,048.7 4,086.9 3,053.2 3,013.1 3,027.8 2,999.2 2,960.7 3,001.5
Total Assets 5,500.6 4,494.6 4,318.0 4,371.9 4,375.9 4,436.1 4,435.1 4,492.0 4,439.3 3,316.4 3,244.1 3,244.2 3,261.4 3,168.7 3,205.5
Current Liabilities
Account Payables 97.7 71.8 73.0 76.0 50.4 72.8 58.7 87.1 77.9 89.3 65.3 65.5 48.6 35.3 52.1
Short-Term Debt 0 0 0 13.3 2.3 3.8 5.3 6.6 7.2 0 0 0 0 0 0
Deferred Revenue 0 0 0 69.5 84.4 79.0 73.1 70.2 71.4 68.3 63.7 71.9 86.3 64.7 57.1
Other Current Liabilities 267.3 288.1 313.0 156.8 15.9 20.1 17.1 10.1 8.9 7.0 16.6 10.5 9.0 (4.1) 7.8
Total Current Liabilities 365 360.0 385.9 349.0 313.3 329.9 319.4 348.8 334.4 237.9 210.6 223.2 209.8 177.2 189.0
Non-Current Liabilities
Long-Term Debt 85.5 45.9 43.8 2,609.2 2,545.0 2,588.3 2,581.9 2,595.4 2,486.8 1,828.3 1,791.5 1,747.9 2,769.4 1,830.3 2,720.0
Deferred Tax Liabilities 160.7 125.5 122.9 110.3 118.1 108.7 103.8 94.2 97.9 69.0 62.7 65.3 57.9 54.8 57.2
Other Non-Current Liabilities 2,725.1 2,788.3 2,558.0 2.3 1.9 0.9 3.1 4.0 4.9 2.4 2.1 2.1 1.4 1.8 3.5
Total Non-Current Liabilities 2,971.2 2,959.7 2,724.7 2,768.3 2,714.1 2,750.4 2,742.1 2,746.8 2,641.5 1,933.6 1,890.8 1,849.2 2,858.7 1,900.7 2,787.5
Total Liabilities 3,336.2 3,319.6 3,110.6 3,117.3 3,027.5 3,080.3 3,061.5 3,095.6 2,975.9 2,171.5 2,101.5 2,072.4 3,068.5 2,078.0 2,976.4
Stockholders' Equity
Common Stock 1.1 0.9 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 0.6 0.8 0.6
Retained Earnings (10.5) (12.4) 12.8 31.6 86.0 87.1 93.6 111.2 152.2 178.5 178.1 214.6 192.3 159.3 195.3
Accumulated Other Comprehensive Income 2.7 (0.1) (1.6) (2.4) (8.3) (5.7) 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 2,164.4 1,175.0 1,207.4 1,249.6 1,336.1 1,343.8 1,359.9 1,246.5 1,310.9 1,145.0 1,142.7 1,171.8 192.9 1,090.7 229.1
Total Liabilities & Equity 5,500.6 4,494.6 4,318.0 4,371.9 4,375.9 4,436.1 4,435.1 4,492.0 4,439.3 3,316.4 3,244.1 3,244.2 3,261.4 3,168.7 3,205.5
Debt Metrics
Total Debt 85.5 45.9 43.8 2,668.9 2,607.2 2,653.7 2,647.0 2,660.3 2,549.9 1,865.2 1,825.9 1,781.9 2,804.2 1,848.2 2,729.9
Net Debt (52.1) (48.5) 40.6 2,668.2 2,601.8 2,651.7 2,642.3 2,652.9 2,546.1 1,855.9 1,820.4 1,775.8 2,762.8 1,845.2 2,709.4
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1
Operating Activities
Net Income 52.2 17.8 24.8 (14.2) 40.0 31.0 20.1 (6.2) 6.7 30.2 (6.9) 21.8 17.5 (12.3) 1.9 45.9 8.9 27.9
Depreciation & Amortization 78.7 68.7 73.2 66.3 66.1 70.5 70.4 73.5 69.5 46.9 46.5 46.1 45.4 44.9 44.5 44.1 43.4 42.4
Stock-Based Compensation 8.6 5.9 6.5 4.7 6.3 7.0 5.6 3.9 5.3 2.8 2.5 2.5 0.0 0.9 0.4 0 0 0.6
Change in Working Capital (85.5) (69.1) 60.6 6.6 38.5 (18.7) (1.7) (84.5) 32.4 (24.6) (19.1) 9.7 18.8 (31.9) (18.7) 7.0 0.2 (18.0)
Other Non-Cash Items 11.0 45.2 19.2 51.9 16.2 17.4 13.5 52.5 6.4 (10.2) 38.1 0.1 9.6 24.3 4.4 (49.6) 20.3 (5.2)
Operating Cash Flow 99.5 71.2 194.9 113.4 177.2 114.3 118.5 36.9 121.1 51.5 62.6 85.7 94.7 23.3 33.0 59.2 72.9 54.8
Investing Activities
Capital Expenditure (200.2) (118.4) (52.8) (102.5) (82.6) (77.6) (73.2) (86.5) (117.0) (60.2) (74.2) (51.5) (45.5) (48.6) (59.6) (53.8) (74.1) (71.8)
Acquisitions (576.0) 0 0 0 0 0 0 (0.7) 0 0 0 0 0 0.0 0.1 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) (0.1) 0 0 (0.0)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0.0 0 0 0
Other Investing Activities 4.1 3.5 3.2 9.3 8.2 9.4 20.1 15.2 9.8 0.0 0.4 (0.0) 1.0 0.0 0.0 7.9 0.0 0.0
Investing Cash Flow (772.1) (114.9) (49.6) (93.1) (74.4) (68.2) (53.1) (72.0) (107.2) (60.1) (73.9) (51.6) (44.4) (48.6) (59.6) (45.8) (74.1) (71.8)
Financing Activities
Net Debt Issuance (56.8) 192.6 (64.0) 117.9 (48.8) 0.6 (20.0) 103.2 25.2 50.5 41.3 (335.6) 19.7 50.7 25.7 (12.4) 862.0 13.7
Stock Repurchased 0 0 (33.6) (50.4) (10) (10.0) (15.1) (25) 0.3 (0.3) 0 0 0 0 0 0 0 0
Dividends Paid (50.0) (42.6) (43.0) (40.0) (40.1) (36.4) (36.4) (35.1) (32.6) (29.8) (29.8) 0 (42.3) 0 0 0 (838) 0
Other Financing Activities (13.5) (15.1) (2.2) (52.5) (0.4) (3.2) 3.5 (4.4) (12.2) (8.0) (0.8) 266.2 (0.3) (31.9) 0 (0.3) (27.5) (0.0)
Financing Cash Flow 715.8 134.9 (142.8) (25.0) (99.3) (49.0) (68.0) 38.7 (19.3) 12.4 10.7 (69.4) (22.9) 18.9 25.7 (12.7) (3.5) 13.6
Cash Position
Net Change in Cash 43.2 91.2 2.5 (4.7) 3.5 (2.8) (2.7) 3.6 (5.5) 3.7 (0.6) (35.2) 27.4 (6.4) (0.9) 0.7 (4.8) (3.4)
Cash at Beginning 94.4 3.2 0.7 5.4 1.9 4.8 7.4 3.9 9.3 5.6 6.1 41.4 14 20.4 21.3 20.6 25.4 28.8
Cash at End 137.6 94.4 3.2 0.7 5.4 1.9 4.8 7.4 3.9 9.3 5.6 6.1 41.4 14 20.4 21.3 20.6 25.4
Free Cash Flow (100.7) (47.2) 142.0 10.9 94.6 36.8 45.2 (49.7) 4.0 (8.6) (11.6) 34.2 49.2 (25.3) (26.6) 5.5 (1.3) (17.0)
Key Metrics 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1
Income Statement
Revenue 391.1 345.8 332.9 322.7 322.8 329.6 309.5 324.6 309.7 215.5 226.0 231.0 203.3 190.1 179.8 182.6 177.2 168.3
Gross Profit 124.2 154.2 139.7 140.2 141.5 130.7 120.9 121.9 112.9 85.0 87.8 80.6 74.8 73.5 69.7 68.6 63.6 64.2
Operating Income 124.2 116.5 103.7 104.0 106.3 100.6 69.0 66.1 54.2 60.2 60.7 61.0 62.1 60.4 50.1 58.3 51.9 54.3
Net Income 52.0 17.8 24.6 (14.0) 39.5 30.4 19.1 (5.6) 6.2 30.2 (6.9) 21.8 17.5 (12.3) 3.5 45.9 8.9 27.9
EPS (Diluted) 0.53 0.20 0.30 -0.17 0.43 0.33 0.21 -0.07 0.06 0.39 -0.09 0.28 0.30 -0.16 0.05 0.61 0.12 0.37
Balance Sheet
Cash & Equivalents 137.6 94.4 3.2 0.7 5.4 1.9 4.8 7.4 3.9 9.3 5.6 6.1 41.4 3 20.4
Total Assets 5,500.6 4,494.6 4,318.0 4,371.9 4,375.9 4,436.1 4,435.1 4,492.0 4,439.3 3,316.4 3,244.1 3,244.2 3,261.4 3,168.7 3,205.5
Total Debt 85.5 45.9 43.8 2,668.9 2,607.2 2,653.7 2,647.0 2,660.3 2,549.9 1,865.2 1,825.9 1,781.9 2,804.2 1,848.2 2,729.9
Stockholders' Equity 2,164.4 1,175.0 1,207.4 1,249.6 1,336.1 1,343.8 1,359.9 1,246.5 1,310.9 1,145.0 1,142.7 1,171.8 192.9 1,090.7 229.1
Cash Flow
Operating Cash Flow 99.5 71.2 194.9 113.4 177.2 114.3 118.5 36.9 121.1 51.5 62.6 85.7 94.7 23.3 33.0 59.2 72.9 54.8
Capital Expenditure (200.2) (118.4) (52.8) (102.5) (82.6) (77.6) (73.2) (86.5) (117.0) (60.2) (74.2) (51.5) (45.5) (48.6) (59.6) (53.8) (74.1) (71.8)
Free Cash Flow (100.7) (47.2) 142.0 10.9 94.6 36.8 45.2 (49.7) 4.0 (8.6) (11.6) 34.2 49.2 (25.3) (26.6) 5.5 (1.3) (17.0)