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Side-by-side financial comparison of HUYA Inc. (HUYA) 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 $237.1M, roughly 1.4× HUYA Inc.). Kodiak Gas Services, Inc. runs the higher net margin — 7.4% vs 0.6%, a 6.8% gap on every dollar of revenue. Over the past eight quarters, Kodiak Gas Services, Inc.'s revenue compounded faster (24.3% CAGR vs 2.5%).

HUYA Inc. is a leading interactive live streaming platform based in China, focused primarily on video game live broadcasting. It also offers esports events, variety entertainment, lifestyle and educational live streams, mainly serving young digital entertainment consumers in the domestic Chinese market.

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.

HUYA vs KGS — Head-to-Head

Bigger by revenue
KGS
KGS
1.4× larger
KGS
$332.9M
$237.1M
HUYA
Higher net margin
KGS
KGS
6.8% more per $
KGS
7.4%
0.6%
HUYA
Faster 2-yr revenue CAGR
KGS
KGS
Annualised
KGS
24.3%
2.5%
HUYA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
HUYA
HUYA
KGS
KGS
Revenue
$237.1M
$332.9M
Net Profit
$1.3M
$24.6M
Gross Margin
13.4%
Operating Margin
-0.8%
26.1%
Net Margin
0.6%
7.4%
Revenue YoY
7.5%
Net Profit YoY
29.0%
EPS (diluted)
$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
HUYA
HUYA
KGS
KGS
Q4 25
$332.9M
Q3 25
$237.1M
$322.7M
Q2 25
$218.8M
$322.8M
Q1 25
$207.9M
$329.6M
Q4 24
$309.5M
Q3 24
$219.1M
$324.6M
Q2 24
$212.1M
$309.7M
Q1 24
$208.3M
$215.5M
Net Profit
HUYA
HUYA
KGS
KGS
Q4 25
$24.6M
Q3 25
$1.3M
$-14.0M
Q2 25
$-766.0K
$39.5M
Q1 25
$128.0K
$30.4M
Q4 24
$19.1M
Q3 24
$3.4M
$-5.6M
Q2 24
$4.1M
$6.2M
Q1 24
$9.8M
$30.2M
Gross Margin
HUYA
HUYA
KGS
KGS
Q4 25
Q3 25
13.4%
Q2 25
13.5%
Q1 25
12.5%
Q4 24
Q3 24
13.2%
37.5%
Q2 24
13.9%
36.5%
Q1 24
14.7%
39.4%
Operating Margin
HUYA
HUYA
KGS
KGS
Q4 25
26.1%
Q3 25
-0.8%
19.9%
Q2 25
-1.5%
30.9%
Q1 25
-4.0%
27.1%
Q4 24
22.3%
Q3 24
-2.1%
20.4%
Q2 24
-1.7%
17.5%
Q1 24
-2.6%
27.9%
Net Margin
HUYA
HUYA
KGS
KGS
Q4 25
7.4%
Q3 25
0.6%
-4.3%
Q2 25
-0.4%
12.2%
Q1 25
0.1%
9.2%
Q4 24
6.2%
Q3 24
1.5%
-1.7%
Q2 24
1.9%
2.0%
Q1 24
4.7%
14.0%
EPS (diluted)
HUYA
HUYA
KGS
KGS
Q4 25
$0.30
Q3 25
$-0.17
Q2 25
$0.43
Q1 25
$0.33
Q4 24
$0.18
Q3 24
$-0.07
Q2 24
$0.06
Q1 24
$0.39

Balance Sheet & Financial Strength

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

Metric
HUYA
HUYA
KGS
KGS
Cash + ST InvestmentsLiquidity on hand
$102.0M
$3.2M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$709.9M
$1.2B
Total Assets
$960.3M
$4.3B
Debt / EquityLower = less leverage
2.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUYA
HUYA
KGS
KGS
Q4 25
$3.2M
Q3 25
$102.0M
$724.0K
Q2 25
$69.7M
$5.4M
Q1 25
$40.9M
$1.9M
Q4 24
$4.8M
Q3 24
$156.1M
$7.4M
Q2 24
$138.4M
$3.9M
Q1 24
$75.1M
$9.3M
Total Debt
HUYA
HUYA
KGS
KGS
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.5B
Q1 24
Stockholders' Equity
HUYA
HUYA
KGS
KGS
Q4 25
$1.2B
Q3 25
$709.9M
$1.3B
Q2 25
$704.3M
$1.3B
Q1 25
$711.2M
$1.4B
Q4 24
$1.4B
Q3 24
$1.1B
$1.4B
Q2 24
$1.3B
$1.5B
Q1 24
$1.3B
$1.1B
Total Assets
HUYA
HUYA
KGS
KGS
Q4 25
$4.3B
Q3 25
$960.3M
$4.4B
Q2 25
$928.0M
$4.4B
Q1 25
$1.3B
$4.4B
Q4 24
$4.4B
Q3 24
$1.6B
$4.5B
Q2 24
$1.6B
$4.4B
Q1 24
$1.7B
$3.3B
Debt / Equity
HUYA
HUYA
KGS
KGS
Q4 25
2.12×
Q3 25
2.08×
Q2 25
1.89×
Q1 25
1.91×
Q4 24
1.88×
Q3 24
1.86×
Q2 24
1.71×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
HUYA
HUYA
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
HUYA
HUYA
KGS
KGS
Q4 25
$194.9M
Q3 25
$113.4M
Q2 25
$177.2M
Q1 25
$114.3M
Q4 24
$118.5M
Q3 24
$36.9M
Q2 24
$121.1M
Q1 24
$51.5M
Free Cash Flow
HUYA
HUYA
KGS
KGS
Q4 25
$142.0M
Q3 25
$10.9M
Q2 25
$94.6M
Q1 25
$36.8M
Q4 24
$45.2M
Q3 24
$-49.7M
Q2 24
$4.0M
Q1 24
$-8.6M
FCF Margin
HUYA
HUYA
KGS
KGS
Q4 25
42.7%
Q3 25
3.4%
Q2 25
29.3%
Q1 25
11.2%
Q4 24
14.6%
Q3 24
-15.3%
Q2 24
1.3%
Q1 24
-4.0%
Capex Intensity
HUYA
HUYA
KGS
KGS
Q4 25
15.9%
Q3 25
31.7%
Q2 25
25.6%
Q1 25
23.5%
Q4 24
23.7%
Q3 24
26.7%
Q2 24
37.8%
Q1 24
27.9%
Cash Conversion
HUYA
HUYA
KGS
KGS
Q4 25
7.91×
Q3 25
Q2 25
4.49×
Q1 25
3.76×
Q4 24
6.21×
Q3 24
Q2 24
19.44×
Q1 24
1.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HUYA
HUYA

Live streaming$162.5M69%
Game-related services, advertising and others$74.7M31%

KGS
KGS

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

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