5 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 21.2% per year over the past 4 years.
Net income has grown slower than revenue (-18.3% vs 21.2% per year).
Operating margin has contracted, at 26.0% in the latest year.
Free cash flow has grown 56.0% per year over the past 4 years.
Financial health
Total debt ($2.6B) exceeds cash ($3M); net debt is $2.6B.
Total debt has grown slower than revenue (-2.1% vs 21.2% per year).
Total debt is 4.1× EBITDA.
Shareholder returns
Dividends have been paid for 3 consecutive years, consuming 198.2% of earnings and 56.1% of free cash flow.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.3B
$81M
0.0%
26.0%
6.7%
1.9%
$284M
$2.6B
$3M
2024
$1.2B
$50M
0.0%
21.5%
3.6%
1.1%
-$9M
$2.6B
$5M
2023
$850M
$20M
37.2%
28.7%
1.8%
0.6%
$47M
$1.8B
$6M
2022
$708M
$106M
37.6%
31.4%
46.4%
3.3%
-$40M
$2.7B
$20M
2021
$606M
$181M
38.9%
31.2%
18.8%
6.0%
$48M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$391M
$52M
0.0%
31.8%
2.4%
0.9%
-$101M
$2.7B
$138M
Mar '26
$346M
$18M
0.0%
30.9%
1.5%
0.4%
-$47M
$2.8B
$94M
Dec '25
$333M
$25M
0.0%
26.1%
2.0%
0.6%
$142M
$2.6B
$3M
Sep '25
$323M
-$14M
0.0%
19.9%
-1.1%
-0.3%
$11M
$2.6B
$724000
Jun '25
$323M
$39M
0.0%
30.9%
2.9%
0.9%
$95M
$2.5B
$5M
Mar '25
$330M
$30M
0.0%
27.1%
2.2%
0.7%
$37M
$2.6B
$2M
Dec '24
$310M
$19M
0.0%
22.3%
1.4%
0.4%
$45M
$2.6B
$5M
Sep '24
$325M
-$6M
37.5%
20.4%
-0.4%
-0.1%
-$50M
$2.6B
$7M
Jun '24
$310M
$6M
36.5%
17.5%
0.4%
0.1%
$4M
$2.5B
$4M
Mar '24
$215M
$30M
39.4%
27.9%
2.6%
0.9%
-$9M
$1.8B
$9M
Dec '23
$226M
-$7M
38.9%
26.9%
-0.6%
-0.2%
-$12M
$1.8B
$6M
Sep '23
$231M
$22M
34.9%
26.4%
1.9%
0.7%
$34M
$1.7B
$6M
Jun '23
$203M
$18M
36.8%
30.5%
9.1%
0.5%
$49M
$2.8B
$41M
Mar '23
$190M
-$12M
38.6%
31.7%
-5.7%
-0.4%
-$25M
—
—
Dec '22
$180M
$2M
38.7%
32.0%
0.8%
0.1%
-$27M
$2.7B
$20M
Sep '22
$183M
$46M
37.6%
31.9%
—
1.5%
$5M
—
—
Jun '22
$177M
$9M
35.9%
29.3%
—
0.3%
—
—
—
Mar '22
—
$50M
—
—
—
—
—
—
—
Valuation over time
How the market has priced KGS against its own fundamentals since 2023-06 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 15.4× (Jun '23) to 55.8× (Nov '26).
The price-to-sales ratio has risen from 2.3× (Jun '23) to 3.4× (Nov '26).
The dividend yield has risen from 1.3% (Jan '24) to 3.6% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is KGS growing its revenue and profit?
Over the past 4 years, Kodiak Gas Services, Inc.'s revenue has grown 21.2% per year, and net income declined 18.3% per year. These are computed facts, not advice.
How much debt does KGS have?
As of FY2025, Kodiak Gas Services, Inc. reported $2.6B of total debt against $3M of cash.
What is KGS's profit margin?
In FY2025, gross margin was —, operating margin 26.0%, and net margin 6.2%.
What is KGS's P/E ratio?
Kodiak Gas Services, Inc.'s P/E (TTM) is 55.90 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the KGS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 55.8× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.