KGS (Kodiak Gas Services, Inc.) Stock Financials & Earnings | Market Cap Arena

KGS (Kodiak Gas Services, Inc.) Stock Financials & Earnings | Market Cap Arena

KGSKodiak Gas Services, Inc.

Mkt Cap$5B

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Revenue (TTM)$1.3B

Net Income (TTM)$81M

EPS (TTM)$0.89

Free Cash Flow (TTM)$284M

Gross Margin47.3%

Op. Margin27.1%

Net Margin6.2%

FCF Margin21.7%

P/S Ratio (TTM)3.7x

P/E Ratio (TTM)60.2x

YoY Rev Growth+12.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$190M	$73M	$60M
Q2 23	$203M	$75M	$62M
Q3 23	$231M	$81M	$61M
Q4 23	$226M	$88M	$61M
Q1 24	$215M	$85M	$60M
Q2 24	$310M	$113M	$54M
Q3 24	$325M	$122M	$66M
Q4 24	$310M	$121M	$69M
Q1 25	$330M	$131M	$89M
Q2 25	$323M	$141M	$100M
Q3 25	$323M	$207M	$64M
Q4 25	$333M	$140M	$101M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	6.6x	105.5x
Q2 23	6.4x	88.9x
Q3 23	6.0x	159.4x
Q4 23	5.7x	241.6x
Q1 24	5.5x	77.4x
Q2 24	4.9x	94.4x
Q3 24	4.5x	202.5x
Q4 24	4.2x	97.2x
Q1 25	3.8x	96.8x
Q2 25	3.8x	58.2x
Q3 25	3.8x	64.7x
Q4 25	3.7x	60.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$23M	-$25M
Q2 23	$95M	$49M
Q3 23	$86M	$34M
Q4 23	$63M	-$12M
Q1 24	$52M	-$9M
Q2 24	$121M	$4M
Q3 24	$37M	-$50M
Q4 24	$118M	$45M
Q1 25	$114M	$37M
Q2 25	$177M	$95M
Q3 25	$113M	$11M
Q4 25	$195M	$142M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$49M
Q2 23	$45M
Q3 23	$52M
Q4 23	$74M
Q1 24	$60M
Q2 24	$117M
Q3 24	$87M
Q4 24	$73M
Q1 25	$78M
Q2 25	$83M
Q3 25	$102M
Q4 25	$53M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+12.9%	+13.8%
Q2 23	+14.8%	+12.8%
Q3 23	+26.5%	+36.7%
Q4 23	+25.7%	+27.4%
Q1 24	+13.4%	+19.7%
Q2 24	+52.3%	+80.9%
Q3 24	+40.6%	+52.1%
Q4 24	+37.0%	+45.5%
Q1 25	+53.0%	+54.8%
Q2 25	+4.3%	-12.7%
Q3 25	-0.6%	-0.0%
Q4 25	+7.5%	-3.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$879K	0.5%
Q2 23	$29K	0.0%
Q3 23	$3M	1.1%
Q4 23	$2M	1.1%
Q1 24	$3M	1.3%
Q2 24	$5M	1.7%
Q3 24	$4M	1.2%
Q4 24	$6M	1.8%
Q1 25	$7M	2.1%
Q2 25	$6M	1.9%
Q3 25	$5M	1.5%
Q4 25	$7M	2.0%

OpEx Breakdown

Quarter	SG&A
Q1 23	$13M
Q2 23	$13M
Q3 23	$20M
Q4 23	$27M
Q1 24	$25M
Q2 24	$60M
Q3 24	$36M
Q4 24	$31M
Q1 25	$32M
Q2 25	$35M
Q3 25	$38M
Q4 25	$39M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$3M	$0	$3M
Q2 23	$41M	$0	$41M
Q3 23	$6M	$0	$6M
Q4 23	$6M	$0	$6M
Q1 24	$9M	$0	$9M
Q2 24	$4M	$0	$4M
Q3 24	$7M	$0	$7M
Q4 24	$5M	$0	$5M
Q1 25	$2M	$0	$2M
Q2 25	$5M	$0	$5M
Q3 25	$724K	$0	$724K
Q4 25	$3M	$0	$3M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	75M	+0.0%
Q2 23	59M	-21.3%
Q3 23	84M	+42.9%
Q4 23	78M	-7.8%
Q1 24	78M	+0.5%
Q2 24	91M	+16.1%
Q3 24	84M	-7.0%
Q4 24	89M	+5.9%
Q1 25	91M	+1.5%
Q2 25	90M	-0.6%
Q3 25	87M	-3.3%
Q4 25	87M	+0.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	$1M	781
FY 24	$892K	1K
FY 25	$1M	1K