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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›KGS›Financials
Annual statements · SEC XBRL · FY2021 – FY2025

Kodiak Gas Services, Inc. (KGS) financials

Income statement

Kodiak Gas Services, Inc. (KGS) income statement, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$606M$708M$850M$1.16B$1.31B
Revenue growth—16.7%20.1%36.3%12.8%
Gross profit$236M$266M$317M——
Gross margin38.9%37.6%37.2%——
Operating income$189M$222M$244M$249M$340M
Operating margin31.2%31.4%28.7%21.5%26.0%
Net income$181M$106M$20.1M$49.9M$80.5M
Net margin29.8%15.0%2.4%4.3%6.2%
EPS (diluted)$3.07$1.80$0.29$0.56$0.89

Cash flow

Kodiak Gas Services, Inc. (KGS) cash flow, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Operating cash flow$250M$220M$266M$328M$600M
Capital expenditures$202M$259M$220M$337M$315M
Free cash flow$48.0M-$39.5M$46.5M-$8.97M$284M
Share buybacks—$0.00$0.00$40.0M$104M
Dividends paid$0.00$0.00$29.8M$134M$160M

Balance sheet

Kodiak Gas Services, Inc. (KGS) balance sheet, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Cash & equivalents$28.8M$20.4M$5.56M$4.75M$3.18M
Total assets$3.01B$3.21B$3.24B$4.44B$4.32B
Total liabilities—$2.98B$2.10B$3.06B$3.11B
Long-term debt—$2.72B$1.79B$2.58B$2.56B
Shareholders' equity$960M$229M$1.14B$1.37B$1.21B
Retained earnings—$195M$178M$93.6M$12.8M
Shares (wtd avg diluted)59.0M59.0M68.3M85.2M88.5M

Every figure is extracted from Kodiak Gas Services, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Kodiak Gas Services, Inc.'s annual revenue?
Kodiak Gas Services, Inc. (KGS) reported $1.31B of revenue for fiscal year 2025 — up 12.8% from $1.16B in FY2024, per its annual report filed with the SEC.
Is Kodiak Gas Services, Inc. profitable?
Yes — KGS earned $80.5M of net income in FY2025, a 6.2% net margin, per SEC filings.
What is Kodiak Gas Services, Inc.'s free cash flow?
$284M in FY2025 (operating cash flow $600M minus $315M of capital expenditures), from the SEC cash-flow statement.
Does KGS pay a dividend?
Yes — Kodiak Gas Services, Inc. paid $160M in cash dividends during FY2025, per its SEC cash-flow statement.
Full KGS analysis — verdict, score & filings →Is KGS a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.