vs

Side-by-side financial comparison of BANC OF CALIFORNIA, INC. (BANC) and Kodiak Gas Services, Inc. (KGS). Click either name above to swap in a different company.

Kodiak Gas Services, Inc. is the larger business by last-quarter revenue ($332.9M vs $286.9M, roughly 1.2× BANC OF CALIFORNIA, INC.). BANC OF CALIFORNIA, INC. runs the higher net margin — 25.1% vs 7.4%, a 17.7% gap on every dollar of revenue. On growth, BANC OF CALIFORNIA, INC. posted the faster year-over-year revenue change (7.9% vs 7.5%). Over the past eight quarters, Kodiak Gas Services, Inc.'s revenue compounded faster (24.3% CAGR vs -23.7%).

Banc of California is an American bank with 80 branches in California, as well as locations in Denver, Colorado, and Durham, North Carolina. The bank is headquartered in Los Angeles, California, with about 2,000 employees nationwide including in New York and Chicago. Banc of California offers a broad range of loan and deposit products and services, focusing on providing banking and treasury management services to small-, middle-market, and venture-backed businesses.

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.

BANC vs KGS — Head-to-Head

Bigger by revenue
KGS
KGS
1.2× larger
KGS
$332.9M
$286.9M
BANC
Growing faster (revenue YoY)
BANC
BANC
+0.3% gap
BANC
7.9%
7.5%
KGS
Higher net margin
BANC
BANC
17.7% more per $
BANC
25.1%
7.4%
KGS
Faster 2-yr revenue CAGR
KGS
KGS
Annualised
KGS
24.3%
-23.7%
BANC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BANC
BANC
KGS
KGS
Revenue
$286.9M
$332.9M
Net Profit
$72.0M
$24.6M
Gross Margin
Operating Margin
26.1%
Net Margin
25.1%
7.4%
Revenue YoY
7.9%
7.5%
Net Profit YoY
34.3%
29.0%
EPS (diluted)
$0.39
$0.30

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BANC
BANC
KGS
KGS
Q1 26
$286.9M
Q4 25
$458.5M
$332.9M
Q3 25
$466.8M
$322.7M
Q2 25
$453.1M
$322.8M
Q1 25
$440.3M
$329.6M
Q4 24
$453.5M
$309.5M
Q3 24
$431.4M
$324.6M
Q2 24
$492.4M
$309.7M
Net Profit
BANC
BANC
KGS
KGS
Q1 26
$72.0M
Q4 25
$77.4M
$24.6M
Q3 25
$69.6M
$-14.0M
Q2 25
$28.4M
$39.5M
Q1 25
$53.6M
$30.4M
Q4 24
$56.9M
$19.1M
Q3 24
$8.8M
$-5.6M
Q2 24
$30.3M
$6.2M
Gross Margin
BANC
BANC
KGS
KGS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
37.5%
Q2 24
36.5%
Operating Margin
BANC
BANC
KGS
KGS
Q1 26
Q4 25
21.8%
26.1%
Q3 25
19.8%
19.9%
Q2 25
10.6%
30.9%
Q1 25
16.6%
27.1%
Q4 24
15.5%
22.3%
Q3 24
2.7%
20.4%
Q2 24
9.1%
17.5%
Net Margin
BANC
BANC
KGS
KGS
Q1 26
25.1%
Q4 25
16.9%
7.4%
Q3 25
14.9%
-4.3%
Q2 25
6.3%
12.2%
Q1 25
12.2%
9.2%
Q4 24
12.6%
6.2%
Q3 24
2.0%
-1.7%
Q2 24
6.2%
2.0%
EPS (diluted)
BANC
BANC
KGS
KGS
Q1 26
$0.39
Q4 25
$0.41
$0.30
Q3 25
$0.38
$-0.17
Q2 25
$0.12
$0.43
Q1 25
$0.26
$0.33
Q4 24
$0.29
$0.18
Q3 24
$-0.01
$-0.07
Q2 24
$0.12
$0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BANC
BANC
KGS
KGS
Cash + ST InvestmentsLiquidity on hand
$2.2B
$3.2M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$3.6B
$1.2B
Total Assets
$34.7B
$4.3B
Debt / EquityLower = less leverage
2.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANC
BANC
KGS
KGS
Q1 26
$2.2B
Q4 25
$3.2M
Q3 25
$724.0K
Q2 25
$5.4M
Q1 25
$1.9M
Q4 24
$4.8M
Q3 24
$7.4M
Q2 24
$3.9M
Total Debt
BANC
BANC
KGS
KGS
Q1 26
Q4 25
$2.1B
$2.6B
Q3 25
$2.0B
$2.6B
Q2 25
$1.9B
$2.5B
Q1 25
$1.7B
$2.6B
Q4 24
$1.4B
$2.6B
Q3 24
$1.6B
$2.6B
Q2 24
$1.4B
$2.5B
Stockholders' Equity
BANC
BANC
KGS
KGS
Q1 26
$3.6B
Q4 25
$3.5B
$1.2B
Q3 25
$3.5B
$1.3B
Q2 25
$3.4B
$1.3B
Q1 25
$3.5B
$1.4B
Q4 24
$3.5B
$1.4B
Q3 24
$3.5B
$1.4B
Q2 24
$3.4B
$1.5B
Total Assets
BANC
BANC
KGS
KGS
Q1 26
$34.7B
Q4 25
$34.8B
$4.3B
Q3 25
$34.0B
$4.4B
Q2 25
$34.3B
$4.4B
Q1 25
$33.8B
$4.4B
Q4 24
$33.5B
$4.4B
Q3 24
$33.4B
$4.5B
Q2 24
$35.2B
$4.4B
Debt / Equity
BANC
BANC
KGS
KGS
Q1 26
Q4 25
0.58×
2.12×
Q3 25
0.58×
2.08×
Q2 25
0.56×
1.89×
Q1 25
0.47×
1.91×
Q4 24
0.40×
1.88×
Q3 24
0.46×
1.86×
Q2 24
0.42×
1.71×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BANC
BANC
KGS
KGS
Operating Cash FlowLast quarter
$194.9M
Free Cash FlowOCF − Capex
$142.0M
FCF MarginFCF / Revenue
42.7%
Capex IntensityCapex / Revenue
15.9%
Cash ConversionOCF / Net Profit
7.91×
TTM Free Cash FlowTrailing 4 quarters
$284.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BANC
BANC
KGS
KGS
Q1 26
Q4 25
$255.6M
$194.9M
Q3 25
$75.7M
$113.4M
Q2 25
$62.7M
$177.2M
Q1 25
$15.1M
$114.3M
Q4 24
$77.4M
$118.5M
Q3 24
$46.9M
$36.9M
Q2 24
$39.1M
$121.1M
Free Cash Flow
BANC
BANC
KGS
KGS
Q1 26
Q4 25
$234.8M
$142.0M
Q3 25
$75.5M
$10.9M
Q2 25
$61.4M
$94.6M
Q1 25
$13.6M
$36.8M
Q4 24
$64.3M
$45.2M
Q3 24
$44.6M
$-49.7M
Q2 24
$34.4M
$4.0M
FCF Margin
BANC
BANC
KGS
KGS
Q1 26
Q4 25
51.2%
42.7%
Q3 25
16.2%
3.4%
Q2 25
13.6%
29.3%
Q1 25
3.1%
11.2%
Q4 24
14.2%
14.6%
Q3 24
10.3%
-15.3%
Q2 24
7.0%
1.3%
Capex Intensity
BANC
BANC
KGS
KGS
Q1 26
Q4 25
4.5%
15.9%
Q3 25
0.0%
31.7%
Q2 25
0.3%
25.6%
Q1 25
0.3%
23.5%
Q4 24
2.9%
23.7%
Q3 24
0.5%
26.7%
Q2 24
1.0%
37.8%
Cash Conversion
BANC
BANC
KGS
KGS
Q1 26
Q4 25
3.30×
7.91×
Q3 25
1.09×
Q2 25
2.21×
4.49×
Q1 25
0.28×
3.76×
Q4 24
1.36×
6.21×
Q3 24
5.34×
Q2 24
1.29×
19.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BANC
BANC

Segment breakdown not available.

KGS
KGS

Other Services$126.8M38%
Other$112.2M34%
Transferred At Point In Time$93.8M28%

Related Comparisons