Kodiak Gas Services, Inc.
KGS- Exchange
- NYSE
- Industry
- Natural Gas Transmission
- SEC CIK
- 0001767042
In the last 90 days, Kodiak Gas Services, Inc. insiders filed 0 open-market purchases and 8 sales; 410 institutions reported holding it in 13F filings for Q2 2026, worth $7.88B in total; Lone Pine Capital is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 10, 2026, 1:19 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
| Filing | 10-K | 10-K | 10-K |
| Reported | Feb 25, 2026 | Mar 6, 2025 | Jan 29, 2024 |
| Revenue | $1.31B | $1.16B | $850.4M |
| Gross profit | – | – | $316.6M |
| Operating expenses | – | – | $606.3M |
| Selling, general and administrative | $144.1M | $151.7M | $73.3M |
| Operating income | $340.0M | $249.4M | $244.1M |
| Interest expense | – | – | $222.5M |
| Income tax | $31.9M | $25.6M | $15.1M |
| Net income | $80.5M | $49.9M | $20.1M |
| EPS, basic | $0.90 | $0.58 | $0.29 |
| EPS, diluted | $0.89 | $0.56 | $0.29 |
| Weighted shares, basic | 87.2M | 83.1M | 68.1M |
| Weighted shares, diluted | 88.5M | 85.2M | 68.3M |
| Margins and growth | |||
| Gross margin | – | – | 37.2% |
| Operating margin | 26.0% | 21.5% | 28.7% |
| Net margin | 6.2% | 4.3% | 2.4% |
| Revenue growth, year over year | +12.8% | +36.3% | – |
| Net income growth, year over year | +61.4% | +148.7% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
| Filing | 10-K | 10-K | 10-K |
| Reported | Feb 25, 2026 | Mar 6, 2025 | Jan 29, 2024 |
| Cash and equivalents | $3.18M | $4.75M | $5.56M |
| Accounts receivable | $197.6M | $253.6M | $113.2M |
| Inventory | $101.5M | $103.3M | $76.2M |
| Total current assets | $323.1M | $383.7M | $231.0M |
| Property, plant and equipment | $3.38B | $3.40B | $2.54B |
| Goodwill | $408.7M | $415.2M | $305.6M |
| Intangible assets | $154.5M | $162.7M | $122.9M |
| Total assets | $4.32B | $4.44B | $3.24B |
| Accounts payable | $73.0M | $57.6M | $49.8M |
| Total current liabilities | $385.9M | $319.4M | $210.6M |
| Long-term debt | $2.56B | $2.58B | $1.79B |
| Total liabilities | $3.11B | $3.06B | $2.10B |
| Shareholders' equity | $1.21B | $1.37B | $1.14B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
| Filing | 10-K | 10-K | 10-K |
| Reported | Feb 25, 2026 | Mar 6, 2025 | Jan 29, 2024 |
| Operating cash flow | $599.7M | $328.0M | $266.3M |
| Capital expenditures | $315.5M | $337.0M | $219.8M |
| Free cash flow | $284.3M | -$8.97M | $46.5M |
| Depreciation and amortization | $276.2M | $260.3M | $182.9M |
| Stock-based compensation | $24.5M | $17.7M | $5.91M |
| Dividends paid | $159.6M | $133.9M | $29.8M |
| Share buybacks | $104.0M | $40.0M | – |
| Investing cash flow | -$285.3M | -$292.5M | -$218.4M |
| Financing cash flow | -$316.0M | -$36.3M | -$62.8M |
| Net change in cash | -$1.57M | -$812.0K | -$14.9M |
| Ratio | |||
| Stock-based compensation, % of revenue | 1.9% | 1.5% | 0.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 4, 2026 | 101.4M | +17.0% | SEC |
| Aug 3, 2026 | 101.1M | +15.2% | SEC |
| May 6, 2026 | 88.8M | +1.0% | SEC |
| Feb 23, 2026 | 85.9M | −2.3% | SEC |
| Oct 30, 2025 | 86.7M | −1.0% | SEC |
| Aug 4, 2025 | 87.8M | +3.8% | SEC |
| May 6, 2025 | 87.9M | +4.2% | SEC |
| Mar 3, 2025 | 87.9M | +13.6% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.