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Kodiak Gas Services, Inc.（KGS）与Kinetik Holdings Inc.（KNTK）财务数据对比。点击上方公司名可切换其他公司
Kinetik Holdings Inc.的季度营收约是Kodiak Gas Services, Inc.的1.3倍（$430.4M vs $332.9M）。Kinetik Holdings Inc.净利率更高（96.8% vs 7.4%，领先89.4%）。Kinetik Holdings Inc.同比增速更快（11.6% vs 7.5%）。Kodiak Gas Services, Inc.自由现金流更多（$142.0M vs $-24.0M）。过去两年Kodiak Gas Services, Inc.的营收复合增速更高（24.3% vs 12.3%）
Kodiak Gas Services是北美知名的天然气压缩服务供应商，主要服务油气行业上下游客户，提供定制化压缩设备、运维及运营支持，帮助客户优化陆上天然气收集、处理与运输全流程的运营效率。
Kinetik Holdings Inc.是一家聚焦二叠纪盆地的中游能源基础设施供应商，为美国南部核心油气产区的上游作业方提供天然气收集、处理、运输、存储，以及原油、采出水处置等一体化服务。
KGS vs KNTK — 直观对比
营收规模更大
KNTK
是对方的1.3倍
$332.9M
营收增速更快
KNTK
高出4.0%
7.5%
净利率更高
KNTK
高出89.4%
7.4%
自由现金流更多
KGS
多$166.1M
$-24.0M
两年增速更快
KGS
近两年复合增速
12.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $332.9M | $430.4M |
| 净利润 | $24.6M | $416.7M |
| 毛利率 | — | — |
| 营业利润率 | 26.1% | 11.2% |
| 净利率 | 7.4% | 96.8% |
| 营收同比 | 7.5% | 11.6% |
| 净利润同比 | 29.0% | 2468.4% |
| 每股收益（稀释后） | $0.30 | $2.22 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收KGSKNTK
| Q4 25 | $332.9M | $430.4M | ||
| Q3 25 | $322.7M | $464.0M | ||
| Q2 25 | $322.8M | $426.7M | ||
| Q1 25 | $329.6M | $443.3M | ||
| Q4 24 | $309.5M | $385.7M | ||
| Q3 24 | $324.6M | $396.4M | ||
| Q2 24 | $309.7M | $359.5M | ||
| Q1 24 | $215.5M | $341.4M |
净利润KGSKNTK
| Q4 25 | $24.6M | $416.7M | ||
| Q3 25 | $-14.0M | $5.3M | ||
| Q2 25 | $39.5M | $23.6M | ||
| Q1 25 | $30.4M | $19.3M | ||
| Q4 24 | $19.1M | $16.2M | ||
| Q3 24 | $-5.6M | $25.8M | ||
| Q2 24 | $6.2M | $37.2M | ||
| Q1 24 | $30.2M | $233.6M |
毛利率KGSKNTK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 37.5% | — | ||
| Q2 24 | 36.5% | — | ||
| Q1 24 | 39.4% | — |
营业利润率KGSKNTK
| Q4 25 | 26.1% | 11.2% | ||
| Q3 25 | 19.9% | 4.3% | ||
| Q2 25 | 30.9% | 18.2% | ||
| Q1 25 | 27.1% | 4.3% | ||
| Q4 24 | 22.3% | 6.1% | ||
| Q3 24 | 20.4% | 18.4% | ||
| Q2 24 | 17.5% | 15.7% | ||
| Q1 24 | 27.9% | 7.6% |
净利率KGSKNTK
| Q4 25 | 7.4% | 96.8% | ||
| Q3 25 | -4.3% | 1.1% | ||
| Q2 25 | 12.2% | 5.5% | ||
| Q1 25 | 9.2% | 4.3% | ||
| Q4 24 | 6.2% | 4.2% | ||
| Q3 24 | -1.7% | 6.5% | ||
| Q2 24 | 2.0% | 10.3% | ||
| Q1 24 | 14.0% | 68.4% |
每股收益（稀释后）KGSKNTK
| Q4 25 | $0.30 | $2.22 | ||
| Q3 25 | $-0.17 | $0.03 | ||
| Q2 25 | $0.43 | $0.33 | ||
| Q1 25 | $0.33 | $0.05 | ||
| Q4 24 | $0.18 | $0.01 | ||
| Q3 24 | $-0.07 | $0.35 | ||
| Q2 24 | $0.06 | $0.54 | ||
| Q1 24 | $0.39 | $0.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.2M | $4.0M |
| 总债务越低越好 | $2.6B | $3.6B |
| 股东权益账面价值 | $1.2B | $-565.4M |
| 总资产 | $4.3B | $7.1B |
| 负债/权益比越低杠杆越低 | 2.12× | — |
8季度趋势，按日历期对齐
现金及短期投资KGSKNTK
| Q4 25 | $3.2M | $4.0M | ||
| Q3 25 | $724.0K | $7.7M | ||
| Q2 25 | $5.4M | $10.7M | ||
| Q1 25 | $1.9M | $8.8M | ||
| Q4 24 | $4.8M | $3.6M | ||
| Q3 24 | $7.4M | $20.4M | ||
| Q2 24 | $3.9M | $12.5M | ||
| Q1 24 | $9.3M | $9.8M |
总债务KGSKNTK
| Q4 25 | $2.6B | $3.6B | ||
| Q3 25 | $2.6B | $4.0B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $2.6B | $3.6B | ||
| Q4 24 | $2.6B | $3.4B | ||
| Q3 24 | $2.6B | $3.3B | ||
| Q2 24 | $2.5B | $3.3B | ||
| Q1 24 | — | $3.5B |
股东权益KGSKNTK
| Q4 25 | $1.2B | $-565.4M | ||
| Q3 25 | $1.3B | $-1.8B | ||
| Q2 25 | $1.3B | $-1.6B | ||
| Q1 25 | $1.4B | $-2.5B | ||
| Q4 24 | $1.4B | $-3.0B | ||
| Q3 24 | $1.4B | $-1.7B | ||
| Q2 24 | $1.5B | $-1.2B | ||
| Q1 24 | $1.1B | $-973.4M |
总资产KGSKNTK
| Q4 25 | $4.3B | $7.1B | ||
| Q3 25 | $4.4B | $7.2B | ||
| Q2 25 | $4.4B | $7.2B | ||
| Q1 25 | $4.4B | $7.0B | ||
| Q4 24 | $4.4B | $6.8B | ||
| Q3 24 | $4.5B | $6.9B | ||
| Q2 24 | $4.4B | $6.9B | ||
| Q1 24 | $3.3B | $6.4B |
负债/权益比KGSKNTK
| 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 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $194.9M | $110.1M |
| 自由现金流经营现金流 - 资本支出 | $142.0M | $-24.0M |
| 自由现金流率自由现金流/营收 | 42.7% | -5.6% |
| 资本支出强度资本支出/营收 | 15.9% | 31.2% |
| 现金转化率经营现金流/净利润 | 7.91× | 0.26× |
| 过去12个月自由现金流最近4个季度 | $284.3M | $111.6M |
8季度趋势，按日历期对齐
经营现金流KGSKNTK
| Q4 25 | $194.9M | $110.1M | ||
| Q3 25 | $113.4M | $188.1M | ||
| Q2 25 | $177.2M | $129.1M | ||
| Q1 25 | $114.3M | $176.8M | ||
| Q4 24 | $118.5M | $144.0M | ||
| Q3 24 | $36.9M | $214.1M | ||
| Q2 24 | $121.1M | $125.5M | ||
| Q1 24 | $51.5M | $153.7M |
自由现金流KGSKNTK
| Q4 25 | $142.0M | $-24.0M | ||
| Q3 25 | $10.9M | $31.6M | ||
| Q2 25 | $94.6M | $1.8M | ||
| Q1 25 | $36.8M | $102.3M | ||
| Q4 24 | $45.2M | $36.3M | ||
| Q3 24 | $-49.7M | $155.7M | ||
| Q2 24 | $4.0M | $86.1M | ||
| Q1 24 | $-8.6M | $95.7M |
自由现金流率KGSKNTK
| Q4 25 | 42.7% | -5.6% | ||
| Q3 25 | 3.4% | 6.8% | ||
| Q2 25 | 29.3% | 0.4% | ||
| Q1 25 | 11.2% | 23.1% | ||
| Q4 24 | 14.6% | 9.4% | ||
| Q3 24 | -15.3% | 39.3% | ||
| Q2 24 | 1.3% | 24.0% | ||
| Q1 24 | -4.0% | 28.0% |
资本支出强度KGSKNTK
| Q4 25 | 15.9% | 31.2% | ||
| Q3 25 | 31.7% | 33.7% | ||
| Q2 25 | 25.6% | 29.8% | ||
| Q1 25 | 23.5% | 16.8% | ||
| Q4 24 | 23.7% | 27.9% | ||
| Q3 24 | 26.7% | 14.7% | ||
| Q2 24 | 37.8% | 11.0% | ||
| Q1 24 | 27.9% | 17.0% |
现金转化率KGSKNTK
| Q4 25 | 7.91× | 0.26× | ||
| Q3 25 | — | 35.73× | ||
| Q2 25 | 4.49× | 5.46× | ||
| Q1 25 | 3.76× | 9.18× | ||
| Q4 24 | 6.21× | 8.88× | ||
| Q3 24 | — | 8.31× | ||
| Q2 24 | 19.44× | 3.37× | ||
| Q1 24 | 1.70× | 0.66× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
KGS
| Other Services | $126.8M | 38% |
| Other | $112.2M | 34% |
| Transferred At Point In Time | $93.8M | 28% |
KNTK
| Natural Gas NG Ls And Condensate Sales | $325.5M | 76% |
| Gathering And Processing Services | $101.6M | 24% |
| Other | $3.3M | 1% |
| Barilla Draw | $2.3M | 1% |
