KGS
Kodiak Gas Services, Inc.
Next earnings Aug 4, 2026 · consensus $0.70 EPS, $390M rev
Last earnings +8.4% on 2026-05-11
$67.94
▼ -8.72%$67.94▲ +108.82%
over 1Y
L $29.75H $76.27
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-8.7%
1W-8.1%
1M+1.1%
3M+18.0%
YTD+83.5%
1Y+108.8%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 17 analysts
Buy
Gas-compression cash machine — revenue +12.8%, operating cash flow +83% — but leveraged 2.58x with a rich 77.7x GAAP P/E.
Revenue $1.31B · FY2025
The read
Middling fundamentals and a rich price (~56% above fair value) leave little margin of safety — a wait-and-see.
Kodiak Gas Services provides contract gas-compression services, a capital-intensive, fee-based business with strong, recurring cash flows. FY2025 was a good year operationally: revenue grew 12.8% to $1.31B, operating income rose 36.3% to $340M (a 26.0% operating margin), and operating cash flow surged 82.9% to $600M. The compression model benefits from rising U.S. natural-gas production and long-term contracts, giving the revenue good visibility.
The headline 77.7x P/E is misleading because heavy depreciation ($276M) and interest on $2.56B of debt depress GAAP net income to $80.5M (6.2% net margin) even as cash generation is robust — this is a business best judged on EBITDA/cash flow, not earnings per share. Management returns substantial cash: $160M of dividends (+19%) and $104M of buybacks (+160%), reducing shares 2.3%. Capex of $315M is funded comfortably by the $600M operating cash flow.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:54 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $606M | $708M | $850M | $1.16B | $1.31B |
| Gross profit | $236M | $266M | $317M | — | — |
| Operating income | $189M | $222M | $244M | $249M | $340M |
| Net income | $181M | $106M | $20.1M | $49.9M | $80.5M |
| Diluted EPS | $3.07 | $1.80 | $0.29 | $0.56 | $0.89 |
| Net margin | 29.8% | 15.0% | 2.4% | 4.3% | 6.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$9.41B
EV / EBITDA15.3
EV / Sales7.2
EV / FCF33.1
P / FCF24.1
PEG (trailing)1.24
Earnings yield1.2%
FCF yield4.1%
Quality & risk
ROIC (est.)7.1%
Free cash flow$284M
Total debt$2.56B
Net cash-$2.55B
Altman Z-Score1.87 grey
Piotroski F-Score7/9
Capital returns
Buyback yield1.5%
Dividend yield (est.)2.3%
Shareholder yield3.8%
Shares Δ YoY-2.3%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-172026-06-17open ↗144Filing2026-06-17open ↗4Period ending 2026-06-162026-06-16open ↗144Filing2026-06-16open ↗4Period ending 2026-06-112026-06-11open ↗144Filing2026-06-11open ↗8-KPeriod ending 2026-05-132026-05-15open ↗424B5Filing2026-05-15open ↗424B5Filing2026-05-13open ↗8-K/APeriod ending 2026-04-012026-05-13open ↗S-3ASRFiling2026-05-13open ↗4Period ending 2026-05-072026-05-11open ↗
Frequently asked
- Is Kodiak Gas Services, Inc. (KGS) a buy?
- KGS currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Gas-compression cash machine — revenue +12.8%, operating cash flow +83% — but leveraged 2.58x with a rich 77.7x GAAP P/E.
- What is KGS's fair value?
- A Modified-Graham model based on KGS's SEC fundamentals estimates a fair value of about $29.92. It is an estimate from reported earnings, not a price target.
- Is KGS overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, KGS currently appears overvalued relative to its SEC-grounded earnings power.
- What is Kodiak Gas Services, Inc.'s quality score?
- KGS scores 65.91186016498449/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001767042, latest 10-Q filed 2026-05-11) · EODHD · Proprietary analysis · as of 6/21/2026, 8:54:28 PM.
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