Kodiak Gas Services, Inc.KGSEarnings & Financial Report
Kodiak Gas Services, Inc. is a leading natural gas compression services provider operating primarily across North America. It serves upstream and midstream energy sector clients, offering custom compression equipment, regular maintenance, and operational support to optimize natural gas gathering, processing, and transportation workflows for onshore oil and gas production operations.
Revenue
$215.5M
Gross Profit
$85.0M
Operating Profit
$60.2M
Net Profit
$30.2M
Gross Margin
39.4%
Operating Margin
27.9%
Net Margin
14.0%
YoY Growth
13.4%
EPS
$0.39
Kodiak Gas Services, Inc. Q1 FY2024 Financial Summary
Kodiak Gas Services, Inc. reported revenue of $215.5M (up 13.4% YoY) for Q1 FY2024, with a net profit of $30.2M (up 344.9% YoY) (14.0% margin). Cost of goods sold was $130.5M, operating expenses totaled $24.8M.
Key Financial Metrics
| Total Revenue | $215.5M |
|---|---|
| Net Profit | $30.2M |
| Gross Margin | 39.4% |
| Operating Margin | 27.9% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
Kodiak Gas Services, Inc. Q1 FY2024 revenue of $215.5M breaks down across 2 segments, led by Transferred Over Time at $210.3M (97.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transferred Over Time | $210.3M | 97.6% |
| Transferred At Point In Time | $5.2M | 2.4% |
Kodiak Gas Services, Inc. Revenue by Segment — Quarterly Trend
Kodiak Gas Services, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Transferred Over Time and Transferred At Point In Time) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Transferred Over Time | — | $301.1M | $295.9M | $306.5M |
| Transferred At Point In Time | $93.8M | $21.7M | — | $23.2M |
Kodiak Gas Services, Inc. Annual Revenue by Year
Kodiak Gas Services, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.3B |
| 2024 | $1.2B |
Kodiak Gas Services, Inc. Quarterly Revenue & Net Profit History
Kodiak Gas Services, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $332.9M | +7.5% | $24.6M | 7.4% |
| Q3 FY2025 | $322.7M | -0.6% | $-14.0M | -4.3% |
| Q2 FY2025 | $322.8M | +4.3% | $39.5M | 12.2% |
| Q1 FY2025 | $329.6M | +53.0% | $30.4M | 9.2% |
| Q4 FY2024 | $309.5M | +37.0% | $19.1M | 6.2% |
| Q3 FY2024 | $324.6M | +40.6% | $-5.6M | -1.7% |
| Q2 FY2024 | $309.7M | +52.3% | $6.2M | 2.0% |
| Q1 FY2024 | $215.5M | +13.4% | $30.2M | 14.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $215.5M | $309.7M | $324.6M | $309.5M | $329.6M | $322.8M | $322.7M | $332.9M |
| YoY Growth | 13.4% | 52.3% | 40.6% | 37.0% | 53.0% | 4.3% | -0.6% | 7.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.32B | $4.44B | $4.49B | $4.44B | $4.44B | $4.38B | $4.37B | $4.32B |
| Liabilities | $2.17B | $2.98B | $3.10B | $3.06B | $3.08B | $3.03B | $3.12B | $3.11B |
| Equity | $1.14B | $1.46B | $1.40B | $1.37B | $1.36B | $1.35B | $1.25B | $1.21B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $51.5M | $121.1M | $36.9M | $118.5M | $114.3M | $177.2M | $113.4M | $194.9M |