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KODIAK GAS SERVICES, INC.

CIK: 1767042 SIC: 4922
$1.31B
Revenue
$80.52M
Net Income
63.31%
Gross Margin
25.99%
Op. Margin
$452.37M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 3 of 3 annual reports available (2023 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
+ Total Revenue $1.31B $1.31B $1.16B $850.38M
Revenue Growth % 0.0% 12.8% 36.3% nan%
Cost of Revenue $479.93M $479.93M $458.38M $350.87M
+ Gross Profit $828.17M $828.17M $700.93M $499.51M
Gross Margin % 63.3% 63.3% 60.5% 58.7%
Operating Expenses $968.09M $968.09M $909.86M $606.27M
Selling General & Admin $144.07M $144.07M $151.68M $73.31M
+ Operating Income $340.01M $340.01M $249.45M $244.11M
Operating Margin % 26.0% 26.0% 21.5% 28.7%
Interest Expense $313.12M $168.72M $147.14M $222.51M
Other Income/Expense $-28.17M $-28.17M $-415.00K $31.00K
Income Before Tax $113.47M $113.47M $75.91M $35.14M
Income Tax Expense $31.88M $31.88M $25.57M $15.07M
+ Net Income $80.52M $80.52M $49.90M $20.07M
Net Margin % 6.2% 6.2% 4.3% 2.4%
Basic EPS 0.89 0.90 0.58 0.29
Diluted EPS 0.87 0.89 0.56 0.29
Basic Shares Outstanding - 87.2M 83.1M 68.1M
Diluted Shares Outstanding - 88.5M 85.2M 68.3M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
Cash & Cash Equivalents $3.18M $4.75M $5.56M
Accounts Receivable $197.60M $253.64M $113.19M
Inventory $101.53M $103.34M $76.24M
Other Current Assets $15.64M $10.69M $10.35M
Total Current Assets $323.14M $383.66M $230.96M
Property Plant & Equipment $3.38B $3.40B $2.54B
Goodwill $408.68M $415.21M $305.55M
Intangible Assets $154.47M $162.75M $122.89M
Other Non-current Assets $789.00K $1.49M $639.00K
Total Assets $4.32B $4.44B $3.24B
Accounts Payable $72.97M $57.56M $49.84M
Accrued Liabilities $218.46M $188.73M $97.08M
Deferred Revenue $94.50M $73.08M $63.71M
Total Current Liabilities $385.94M $319.37M $210.63M
Long-term Debt $2.56B $2.59B $1.79B
Deferred Tax Liabilities $122.85M $103.83M $62.75M
Other Non-current Liabilities $2.78M $3.15M $2.15M
Total Liabilities $3.11B $3.06B $2.10B
Common Stock $903.00K $892.00K $774.00K
Retained Earnings $12.80M $93.64M $178.12M
Total Stockholders Equity $1.21B $1.37B $1.14B
Total Liabilities & Equity $4.32B $4.44B $3.24B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
Net Income $80.52M $80.52M $49.90M $20.07M
Depreciation & Amortization $276.12M $276.19M $260.27M $182.87M
Stock-based Compensation $44.78M $24.53M $17.66M $5.91M
Deferred Income Tax $49.81M $25.66M $15.43M $7.86M
Change in Receivables $-71.72M $-43.76M $102.89M $22.74M
Change in Inventory $-6.70M $-1.07M $1.34M $4.58M
Change in Payables $-5.81M $5.17M $4.97M $10.17M
Operating Cash Flow $1.01B $599.74M $327.99M $266.33M
Capital Expenditure $553.20M $315.47M $336.96M $219.79M
Investing Cash Flow $-496.03M $-285.29M $-292.47M $-218.42M
Debt Repayment $3.94B $2.86B $2.48B $1.24B
Stock Repurchased $133.88M $103.97M $40.00M -
Dividends Paid $272.60M $159.56M $133.89M $29.79M
Financing Cash Flow $-513.23M $-316.02M $-36.33M $-62.77M
Net Change in Cash $-3.69M $-1.57M $-812.00K $-14.87M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $322.74M - $975.23M -
Cost of Revenue $116.21M - $359.93M -
Operating Expenses $258.54M - $722.11M -
Selling General & Admin $37.77M - $105.15M -
Operating Income $64.20M - $253.12M -
Interest Expense - - $136.94M -
Other Income/Expense $-28.29M - $-29.24M -
Income Before Tax $-20.50M - $74.49M -
Income Tax Expense $-6.30M - $17.67M -
Net Income $-14.01M $6.71M $55.90M -
Basic EPS -0.17 - 0.62 -
Diluted EPS -0.17 - 0.61 -
Basic Shares Outstanding $87.06M - $87.54M -
Diluted Shares Outstanding $87.06M - $89.67M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $724.00K $4.75M
Accounts Receivable $215.88M $253.64M
Inventory $101.24M $103.34M
Other Current Assets $18.74M $10.69M
Total Current Assets $341.46M $383.66M
Property Plant & Equipment $3.41B $3.40B
Goodwill $408.68M $415.21M
Intangible Assets $156.44M $162.75M
Other Non-current Assets $789.00K $1.49M
Total Assets $4.37B $4.44B
Accounts Payable $75.97M $57.56M
Accrued Liabilities $203.57M $188.73M
Deferred Revenue $69.47M $73.08M
Total Current Liabilities $349.01M $319.37M
Long-term Debt $2.61B $2.58B
Deferred Tax Liabilities $110.31M $103.83M
Other Non-current Liabilities $2.34M $3.15M
Total Liabilities $3.12B $3.06B
Common Stock $902.00K $892.00K
Retained Earnings $31.57M $93.64M
Total Stockholders Equity $1.25B $1.37B
Total Liabilities & Equity $4.37B $4.44B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-14.01M $6.71M $55.90M -
Depreciation & Amortization $66.30M - $202.99M -
Stock-based Compensation - - $18.01M -
Deferred Income Tax - - $15.08M -
Change in Receivables - - $-25.48M -
Change in Inventory - - $-1.36M -
Change in Payables - - $6.68M -
Operating Cash Flow - - $404.88M -
Capital Expenditure - - $262.64M -
Investing Cash Flow - - $-235.69M -
Debt Repayment - - $2.46B -
Stock Repurchased - - $70.32M -
Dividends Paid - - $116.57M -
Financing Cash Flow - - $-173.21M -
Net Change in Cash - - $-4.03M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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