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Kodiak Gas Services, Inc. key statistics and ratios

In fiscal 2025, Kodiak Gas Services, Inc. had return on equity of 6.2%, an operating margin of 26.0%, debt equal to 216.6% of equity and a current ratio of 0.84. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin38.9%37.6%37.2%———
Operating margin31.2%31.4%28.7%21.5%26.0%27.4%
Net margin29.8%15.0%2.4%4.3%6.2%5.8%
Free-cash-flow margin7.9%−5.6%5.5%−0.8%21.7%0.4%
Return on equity18.8%17.9%2.9%4.0%6.2%4.8%
Return on assets6.0%3.4%0.6%1.3%1.8%1.6%
Asset turnover0.200.230.260.300.300.28
Current ratio—1.081.101.200.841.45
Debt to equity0.0%>999%160.2%191.1%216.6%128.5%
Interest cover (operating income ÷ interest)2.2x1.3x1.1x———
Effective tax rate−47.9%23.7%42.9%33.7%28.1%28.3%
SG&A as % of revenue6.2%6.3%8.6%13.1%11.0%11.8%
Capital spending as % of revenue33.3%36.6%25.8%29.1%24.1%34.0%
Free cash flow ÷ net income26.5%−37.2%231.9%−18.0%353.0%6.2%
Dividends ÷ net income0.0%0.0%148.5%268.3%198.2%218.4%
Dividends and buybacks ÷ free cash flow0.0%—64.0%—92.7%>999%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 5 checks passed · June 30, 2026
What it owns · $5.5bn
Short-term assets $528mLonger-term assets $5.0bn
What it owes, and who funded it · $5.5bn
Short-term liabilities $365mLonger-term liabilities $3.0bnShareholders' equity $2.2bn
  • Short-term assets cover short-term liabilities $528m of assets due within a year against $365m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $528m short-term assets against $3.0bn of longer-dated liabilities.
  • More cash than debt $138m of cash against $2.7bn of debt.
  • Debt below 40% of shareholders' equity Debt is 126% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $479m of operating cash flow against $2.7bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Kodiak Gas Services, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: KGS vs WTTRKGS vs TDWAROC vs KGS

More: Oil & Gas Equipment & Services stocks compared, Energy sector, rankings of US companies

Figures from Kodiak Gas Services, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Kodiak Gas Services, Inc.