Kodiak Gas Services (KGS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Kodiak Gas Services

NYSE•Energy•Oil & Gas Equipment & Services

$58.41+0.71(0.01%)Pre-market

Market Cap

$5.61B

P/E

69.7x

P/S

4.0x

P/B

2.6x

Kodiak Gas Services, Inc. operates and provides contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Contract Services and Other Services. The Contract Services segment operates company-owned and customer-owned compression, and gas treating and cooling infrastructure to enable the production, gathering, processing, and transportation of natural gas and oil. The Other Services segment provides a range of services to support the needs of customers, including station construction, maintenance and overhaul, freight and crane charges, parts sales, and other ancillary time and material-based offerings. The company was formerly known as Frontier TopCo, Inc. Kodiak Gas Services, Inc. was founded in 2010 and is headquartered in The Woodlands, Texas.

How this company scores

AverageMetricSide Score: 52/100

Strongest: Balance Sheet & Red Flags (14/25); weakest: Growth (12/25).

Profitability13/25

Growth12/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality13/25

Strengths

Strong marginsCash-backed earningsImproving leverageConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 69.7x5y range 36.1x – 210.8x

Currently near its 10-quarter median.

P/S · 4.0x5y range 1.9x – 4.0x

Currently above its 10-quarter median.

P/B · 2.6x5y range 1.2x – 4.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $5.61B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.39B
Q. Revenue: $391.12M
TTM EBITDA: $669.03M
TTM Op. Income: $382.14M
Q. Op. Income: $124.24M
TTM Net Income: $80.39M
Q. Net Income: $51.97M
EPS: $0.54
Shares Out.: $95.46M

$1.39B in TTM revenue grew 8.2% YoY, reaching $391.12M last quarter. TTM EBITDA of $669.03M and TTM operating income of $382.14M show growth is flowing through to the bottom line. TTM net income of $80.39M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 63.1%
EBITDA Margin: 51.9%
Op. Margin: 31.8%
Net Margin: 13.3%

Op. margin of 31.8% is up 0.9% YoY — cost efficiency is improving. Net margin at 13.3% and gross margin of 63.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 69.7x
P/S Ratio: 4.0x
P/B Ratio: 2.6x

At 69.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.0x and P/B of 2.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 93% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.50B
Cash: $137.55M
Long-Term Debt: $2.72B
Book Value: $2.16B
D/E Ratio: 1.3
Debt/EBITDA: 13.4

With $5.50B in assets and $2.72B in long-term debt, D/E is 1.3and book value is $2.16B — moderate leverage. Over the past year, debt/equity is down 33% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $99.47M
TTM Free Cash Flow: $5.01M
FCF Margin: 0.4%
FCF / Net Income: 0.1

TTM FCF of $5.01M on $99.47M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.