Kodiak Gas Services, Inc. (KGS) Income Statement
KGS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKGS revenue and net income
Where KGS's revenue goes
2025Each bar shows an amount and its share of revenue. KGS kept 6.2% of revenue as net income.
KGS profit margins
KGS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.8% | +22.7% | +19.7% | — |
| Gross profit | +25.3% | +27.5% | +21.6% | — |
| Operating income | +66.2% | +23.1% | +19.7% | — |
| Net income | +61.4% | −8.8% | — | — |
| EPS (diluted) | +38.8% | +0.2% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KGS quarterly EPS vs estimates
Kodiak Gas Services beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.65).
KGS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.16B | $850.4M | $707.9M | $606.4M | $532.4M |
| Cost of revenue | $756.1M | $718.6M | $533.7M | $441.8M | $370.2M | $324.9M |
| Gross profit | $552.0M | $440.7M | $316.6M | $266.1M | $236.2M | $207.5M |
| Sales, general & admin | $144.1M | $151.7M | $65.8M | $44.9M | $37.7M | — |
| Total operating expenses | $137.5M | $191.2M | $72.5M | $44.0M | $47.2M | $39.0M |
| Operating income | $414.5M | $249.4M | $244.1M | $222.1M | $189.0M | $168.4M |
| Interest income | $198.4M | $173.1M | $202.2M | $82.8M | — | — |
| Interest expense | $198.4M | $197.1M | $222.5M | $165.9M | $84.6M | $113.4M |
| Income before taxes | $113.5M | $75.9M | $35.1M | $139.4M | $122.4M | $5.3M |
| Income taxes | $31.9M | $25.6M | $15.1M | $33.1M | −$58.6M | $7.5M |
| Net income | $80.5M | $49.9M | $20.1M | $106.3M | $181.0M | −$2.2M |
| EBITDA | $588.0M | $533.3M | $440.5M | $479.7M | $367.1M | $264.4M |
| EPS (diluted) | $1.43 | $1.03 | $0.07 | $1.42 | $3.07 | — |
| Gross margin | 42.2% | 38.0% | 37.2% | 37.6% | 38.9% | 39.0% |
| Operating margin | 31.7% | 21.5% | 28.7% | 31.4% | 31.2% | 31.6% |
| Net margin | 6.2% | 4.3% | 2.4% | 15.0% | 29.8% | −0.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $391.1M | $345.8M | $332.9M | $322.7M | $322.8M | $329.6M | $309.5M | $324.6M | $309.7M | $215.5M | $226.0M | $231.0M |
| Cost of revenue | $266.9M | $191.6M | $193.2M | $182.5M | $181.4M | $199.0M | $188.7M | $202.7M | $196.7M | $130.5M | $138.2M | $150.4M |
| Gross profit | $124.2M | $154.2M | $139.7M | $140.2M | $141.5M | $130.7M | $120.9M | $121.9M | $112.9M | $85.0M | $87.8M | $80.6M |
| Sales, general & admin | $40.9M | $46.1M | $38.9M | $37.8M | $35.1M | $32.3M | $31.4M | $35.5M | $59.9M | $24.8M | $27.1M | $19.6M |
| Total operating expenses | $266.9M | $37.7M | $36.0M | $36.2M | $35.1M | $30.1M | $51.8M | $55.8M | $58.8M | $24.8M | $27.1M | $19.6M |
| Operating income | $124.2M | $116.5M | $103.7M | $104.0M | $106.3M | $100.6M | $69.0M | $66.1M | $54.2M | $60.2M | $60.7M | $61.0M |
| Interest income | — | — | $49.0M | $56.4M | $45.8M | $47.2M | $33.5M | $74.3M | — | — | — | — |
| Interest expense | $50.1M | $48.7M | $49.0M | $56.4M | $45.8M | $47.2M | $51.3M | $54.0M | $52.1M | $39.7M | $40.5M | $39.7M |
| Income before taxes | $73.2M | $20.6M | $39.0M | −$20.5M | $53.4M | $41.6M | $35.1M | −$8.4M | $9.0M | $40.1M | −$1.6M | $29.7M |
| Income taxes | $21.1M | $2.8M | $14.2M | −$6.3M | $13.4M | $10.5M | $15.5M | −$2.2M | $2.3M | $9.9M | $5.3M | $7.9M |
| Net income | $52.0M | $17.8M | $24.6M | −$14.0M | $39.5M | $30.4M | $19.1M | −$5.6M | $6.2M | $30.2M | −$6.9M | $21.8M |
| EBITDA | $201.9M | $138.0M | $161.2M | $102.2M | $165.3M | $159.3M | $156.8M | $119.0M | $130.6M | $126.8M | $85.4M | $115.5M |
| EPS (diluted) | $0.55 | $0.59 | $0.35 | $0.16 | $0.49 | $0.43 | $0.21 | $0.33 | $0.22 | $0.27 | −$0.09 | $0.35 |
| Gross margin | 31.8% | 44.6% | 42.0% | 43.4% | 43.8% | 39.6% | 39.0% | 37.5% | 36.5% | 39.4% | 38.9% | 34.9% |
| Operating margin | 31.8% | 33.7% | 31.1% | 32.2% | 32.9% | 30.5% | 22.3% | 20.4% | 17.5% | 27.9% | 26.9% | 26.4% |
| Net margin | 13.3% | 5.1% | 7.4% | −4.3% | 12.2% | 9.2% | 6.2% | −1.7% | 2.0% | 14.0% | −3.0% | 9.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KGS's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KGS financial results
In fiscal year 2025 (ended December 31, 2025), Kodiak Gas Services reported revenue of $1.3 billion, up 12.8% from the year before. It had net income of $80.5 million (up 61.4%), a net profit margin of 6.2%. Diluted earnings per share came to $1.43. Over five years revenue grew at an average rate of 19.7% a year.
See the KGS stock overview for the latest quote and news, or the KGS chart for price history and technical indicators.
KGS income statement FAQ
What is Kodiak Gas Services's annual revenue?
Kodiak Gas Services reported total revenue of $1.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 12.8% from $1.2 billion the previous year.
Is Kodiak Gas Services profitable?
Yes. Kodiak Gas Services reported net income of $80.5 million in fiscal 2025, a net profit margin of 6.2%; its operating margin was 31.7%.
What is Kodiak Gas Services's gross margin?
Kodiak Gas Services's gross margin was 42.2% in fiscal 2025: for every $100 of revenue, Kodiak Gas Services kept $42 after the direct cost of its products and services.
How fast is Kodiak Gas Services growing?
Revenue grew 19.7% a year on average over the last five fiscal years, from $532.4 million to $1.3 billion.
What are Kodiak Gas Services's earnings per share?
Kodiak Gas Services earned $1.43 per diluted share in fiscal 2025, compared with $1.03 a year earlier.
When will Kodiak Gas Services report its next earnings?
Kodiak Gas Services is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Kodiak Gas Services's fiscal year end?
Kodiak Gas Services's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.