Kodiak Gas Services, Inc. (KGS) Key Metrics
KGS valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $4.77B
- Enterprise value
- $8.07B
- P/E (TTM)
- 54.9 10-yr median 68.4
- Forward P/E
- 19.7
- PEG ratio
- —
- Price / sales
- 3.4 10-yr median 2.5
- Price / book
- 2.5 10-yr median 2.6
- EV / EBITDA
- 13.4 10-yr median 7.2
- Dividend yield
- 4.15% $1.96 a year
- Beta
- 0.94
KGS key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKGS valuation Price multiples at each fiscal year-end price.
KGS returns How much profit the business earns on the capital it uses.
KGS per-share figures Results divided by the shares outstanding at year-end.
KGS financial health Debt, liquidity and how easily interest is covered.
KGS efficiency & capital use Working capital cycle and where the cash goes.
KGS valuation history
KGS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KGS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KGS cash returned to shareholders
KGS price vs earnings per share
KGS key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $3.27B | $3.48B | $1.37B | — | — | — |
| Enterprise value | $3.31B | $6.12B | $3.19B | — | — | — |
| P/E ratio | 40.6 | 69.7 | 68.4 | — | — | — |
| Price / sales | 2.5 | 3.0 | 1.6 | — | — | — |
| Price / book | 2.7 | 2.6 | 1.2 | — | — | — |
| Price / free cash flow | 11.5 | — | 29.5 | — | — | — |
| Price / operating cash flow | 5.5 | 10.6 | 5.2 | — | — | — |
| EV / sales | 2.5 | 5.3 | 3.8 | — | — | — |
| EV / EBITDA | 5.6 | 11.5 | 7.2 | — | — | — |
| EV / free cash flow | 11.7 | — | 68.6 | — | — | — |
| Earnings yield | 2.5% | 1.4% | 1.5% | — | — | — |
| Free cash flow yield | 8.7% | −0.3% | 3.4% | — | — | — |
| Dividend yield | 4.9% | 3.9% | 5.3% | — | — | — |
| Shareholder yield (dividends + buybacks) | 8.1% | 5.1% | 5.3% | — | — | — |
| Share price at fiscal year-end | $37.40 | $40.83 | $20.08 | — | — | — |
| Per share | ||||||
| Revenue per share | $14.95 | $13.61 | $12.45 | $9.44 | $8.09 | $7.10 |
| Earnings per share | $0.92 | $0.59 | $0.29 | $1.42 | $2.41 | −$0.03 |
| Operating cash flow per share | $6.86 | $3.85 | $3.90 | $2.93 | $3.33 | $3.25 |
| Free cash flow per share | $3.25 | −$0.11 | $0.68 | −$0.53 | $0.64 | −$0.71 |
| Cash per share | $0.04 | $0.06 | $0.08 | $0.27 | $0.38 | $0.32 |
| Book value per share | $13.80 | $15.97 | $16.72 | $3.05 | $12.80 | $10.07 |
| Tangible book value per share | $7.36 | $9.18 | $10.45 | −$2.78 | $6.84 | $3.98 |
| Dividends per share | $1.82 | $1.57 | $1.06 | $11.17 | $0.02 | $0.02 |
| Capex per share | $3.61 | $3.96 | $3.22 | $3.46 | $2.69 | $3.97 |
| Debt per share | $0.50 | $31.08 | $26.72 | $36.40 | $24.60 | $25.39 |
| Shares outstanding | 87.5M | 85.2M | 68.3M | 75.0M | 75.0M | 75.0M |
| Change in shares outstanding | +2.7% | +24.7% | −8.9% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 6.3% | 4.0% | 2.9% | 17.9% | 21.1% | −0.3% |
| Return on invested capital (ROIC) | 11.4% | 4.7% | 4.7% | 5.9% | 7.0% | 3.2% |
| Return on assets (ROA) | 1.8% | 1.3% | 0.6% | 3.4% | 5.7% | −0.1% |
| Return on tangible assets | 2.1% | 1.3% | 0.7% | 3.8% | 7.1% | −0.1% |
| Free cash flow margin | 21.7% | −0.8% | 5.5% | −5.6% | 7.9% | −10.0% |
| Income quality (OCF / net income) | 7.45 | 6.57 | 13.27 | 2.07 | 1.38 | — |
| Financial health | ||||||
| Total debt | $43.8M | $2.65B | $1.83B | $2.73B | $1.85B | $1.90B |
| Cash & short-term investments | $3.2M | $4.8M | $5.6M | $20.4M | $28.8M | $24.1M |
| Net debt | $40.6M | $2.64B | $1.82B | $2.71B | $1.82B | $1.88B |
| Debt / equity | 0.04 | 1.95 | 1.60 | 11.92 | 1.92 | 2.52 |
| Debt / assets | 0.01 | 0.60 | 0.56 | 0.85 | 0.61 | 0.58 |
| Net debt / EBITDA | 0.07 | 4.95 | 4.13 | 5.65 | 4.95 | 7.11 |
| Current ratio | 0.84 | 1.20 | 1.10 | 1.08 | 1.14 | 0.09 |
| Quick ratio | 0.57 | 0.88 | 0.73 | 0.70 | 0.80 | 0.06 |
| Interest coverage | 2.1 | 1.3 | 1.1 | 1.3 | 2.2 | 1.5 |
| Working capital | −$62.8M | $64.3M | $20.3M | $15.1M | $20.1M | −$1.50B |
| Invested capital | $1.25B | $4.00B | $2.96B | $2.94B | $2.78B | $2.64B |
| Tangible asset value | $644.2M | $795.6M | $714.2M | −$208.8M | $512.7M | $298.4M |
| Net current asset value | −$2.79B | −$2.68B | −$1.87B | −$2.77B | −$1.89B | −$2.40B |
| Graham number | $16.91 | $14.51 | $10.51 | $9.87 | $26.36 | — |
| Graham net-net per share | −$33.20 | −$32.98 | −$28.68 | −$37.92 | −$25.84 | −$32.60 |
| Capital allocation | ||||||
| Dividends paid | $159.6M | $133.9M | $72.1M | $838.0M | $1.1M | $1.1M |
| Share buybacks (net) | $104.0M | $42.8M | $0 | $0 | — | — |
| Dividend payout ratio | 198.2% | 268.3% | 359.3% | 788.6% | 0.6% | — |
| Dividends + buybacks / free cash flow | 92.7% | — | 154.9% | — | 2.4% | — |
| Capex / revenue | 24.1% | 29.1% | 25.8% | 36.6% | 33.3% | 55.9% |
| Capex / operating cash flow | 52.6% | 102.7% | 82.5% | 118.0% | 80.8% | 121.9% |
| Capex / depreciation | 1.14 | 1.29 | 1.20 | 1.49 | 1.26 | 2.04 |
| Stock-based compensation / revenue | 1.9% | 1.5% | 0.7% | 0.1% | 0.2% | −56.1% |
| SG&A / revenue | 11.0% | 13.1% | 7.7% | 6.3% | 6.2% | — |
| Efficiency | ||||||
| Days sales outstanding | 64.7 | 61.7 | 49.7 | 46.9 | 43.9 | 44.7 |
| Days of inventory on hand | 49.4 | 45.6 | 50.7 | 49.8 | 46.2 | 51.0 |
| Days payables outstanding | 31.8 | 31.5 | 40.1 | 39.6 | 38.0 | 37.5 |
| Cash conversion cycle (days) | 82.4 | 75.8 | 60.3 | 57.1 | 52.1 | 58.2 |
| Receivables turnover | 5.64 | 5.92 | 7.34 | 7.79 | 8.31 | 8.16 |
| Payables turnover | 11.49 | 11.59 | 9.09 | 9.22 | 9.60 | 9.73 |
| Inventory turnover | 7.38 | 8.00 | 7.19 | 7.33 | 7.90 | 7.16 |
| Asset turnover | 0.30 | 0.30 | 0.26 | 0.23 | 0.19 | 0.16 |
| Average receivables | $232.0M | $195.9M | $115.9M | $90.9M | $73.0M | $65.3M |
| Average payables | $65.8M | $62.0M | $58.7M | $47.9M | $38.6M | $33.4M |
| Average inventory | $102.4M | $89.8M | $74.2M | $60.3M | $46.9M | $45.4M |
| Intangibles / total assets | 13.0% | 13.0% | 13.2% | 13.7% | 14.9% | 13.9% |
Computed from KGS's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KGS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Kodiak Gas Services traded at 40.6 times earnings, against a 6-year median of 68.4. Based on the latest twelve months, the trailing P/E is 54.9 and the forward P/E is 19.7. Kodiak Gas Services earned a return on equity of 6.3% and a return on invested capital of 11.4% in fiscal 2025. It ended the year with $43.8 million of debt and $3.2 million in cash and short-term investments, net debt of $40.6 million. It returned $263.5 million to shareholders: $159.6 million in dividends and $104.0 million in share buybacks, 93% of free cash flow. The share count rose 16.6% from 75.0M to 87.5M over 5 years.
See the KGS income statement, the KGS chart for price history, or the KGS stock overview for the latest quote and news.
KGS key metrics FAQ
What is Kodiak Gas Services's P/E ratio?
Kodiak Gas Services's trailing P/E ratio is 54.9 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 19.7. At the end of fiscal 2025 it was 40.6, compared with a 6-year median of 68.4.
What is Kodiak Gas Services's EV/EBITDA?
Kodiak Gas Services's enterprise value was 5.6 times EBITDA at the end of fiscal 2025 (enterprise value $3.3 billion, EBITDA $588.0 million); the current EV/EBITDA is 13.4.
What is Kodiak Gas Services's return on equity?
Kodiak Gas Services's return on equity (ROE) was 6.3% in fiscal 2025: net income of $80.5 million on average shareholders' equity of $1.3 billion.
What is Kodiak Gas Services's ROIC?
Kodiak Gas Services's return on invested capital was 11.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Kodiak Gas Services have?
Kodiak Gas Services had total debt of $43.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.04 and $40.6 million of net debt (0.07 times EBITDA).
What is Kodiak Gas Services's dividend yield?
Kodiak Gas Services's forward dividend yield is 4.15%. Kodiak Gas Services paid $159.6 million in dividends in fiscal 2025 ($1.82 per share), a payout ratio of 198.2%.
Does Kodiak Gas Services buy back its shares?
Yes. Kodiak Gas Services spent $104.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +2.7% over the year, to 87.5M..
What is Kodiak Gas Services's free cash flow yield?
Kodiak Gas Services generated $284.3 million of free cash flow in fiscal 2025, a free cash flow yield of 8.7% on its market value at year-end ($3.3 billion).
What is Kodiak Gas Services's current ratio?
Kodiak Gas Services's current ratio was 0.84 at the end of fiscal 2025: current assets were 0.84 times current liabilities.