KGS Stock Analysis: Kodiak Gas Services | NYSE
Oil & Gas Equipment & Services | NYSE, USA | Market Cap: 5.962m USD | 12M Return: 90.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 119M
Qual. Beats: 0
Rev. Trend: 96.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Kodiak Gas Services, Inc. (NYSE: KGS) provides contract compression infrastructure to oil and gas operators in the United States through two reportable segments. The Contract Services segment operates company-owned and customer-owned compression units, as well as gas treating and cooling equipment, used to support the production, gathering, processing, and transportation of natural gas. The Other Services segment offers station construction, maintenance and overhaul work, freight and crane services, parts sales, and other ancillary time-and-materials offerings.
The company was founded in 2010 and is headquartered in The Woodlands, Texas. It was formerly known as Frontier TopCo, Inc. and completed its initial public offering on June 29, 2023. Within the U.S. energy value chain, Kodiak sits in the midstream segment, where compression services are typically provided under multi-year contracts that generate recurring fee-based revenue tied to natural gas production and throughput volumes rather than commodity prices.
- US natural gas production growth drives compression demand
- Fleet horsepower utilization and contract pricing lift Contract Services margins
- Power generation gas demand supports long-term compression volumes
| Net Income: 67.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 3.64 > 1.0 |
| NWC/Revenue: 7.52% < 20% (prev 4.49%; Δ 3.03% < -1%) |
| CFO/TA 0.12 > 3% & CFO 556.6m > Net Income 67.9m |
| Net Debt (2.75b) to EBITDA (566.8m): 4.85 < 3 |
| Current Ratio: 1.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (87.5m) vs 12m ago -3.43% < -2% |
| Gross Margin: 43.46% > 18% (prev 38.19%; Δ 5.27% > 0.5%) |
| Asset Turnover: 29.66% > 50% (prev 28.71%; Δ 0.95% > 0%) |
| Interest Coverage Ratio: 1.46 > 6 (EBIT TTM 292.4m / Interest Expense TTM 199.9m) |
| A: 0.02 (Total Current Assets 459.5m - Total Current Liabilities 360.0m) / Total Assets 4.49b |
| B: -0.00 (Retained Earnings -12.4m / Total Assets 4.49b) |
| C: 0.07 (EBIT TTM 292.4m / Avg Total Assets 4.47b) |
| D: 0.35 (Book Value of Equity 1.18b / Total Liabilities 3.32b) |
| Altman-Z'' = 0.95 = BB |
| DSRI: 0.87 (Receivables 246.1m/273.5m, Revenue 1.32b/1.27b) |
| GMI: 0.88 (GM 38.19% / 43.46%) |
| AQI: 0.95 (AQ_t 0.13 / AQ_t-1 0.13) |
| SGI: 1.04 (Revenue 1.32b / 1.27b) |
| TATA: -0.11 (NI 67.9m - CFO 556.6m) / TA 4.49b) |
| Beneish M = -3.26 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at USD 57.74 with a total of 2,062,946 shares traded. Over the past week, the price has changed by -10.41%, over one month by -22.42%, over three months by -12.10% and over the past year by +90.77%.
Current recommended Stop Loss: 53.30 (which is 7.7% or 1.4 ATR below the current price).
Kodiak Gas Services has received a consensus analysts rating of 4.36. Therefore, it is recommended to buy KGS.
- StrongBuy: 6
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 83.9 | 45.4% |
P/E Trailing = 77.7369
P/E Forward = 26.1097
P/S = 4.5025
P/B = 5.0899
Revenue TTM = 1.32b USD
EBIT TTM = 292.4m USD
EBITDA TTM = 566.8m USD
Long Term Debt = 2.79b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 2.84b USD (corrected: LT Debt 2.79b + ST Debt none) + Leases 57.4m
Net Debt = 2.75b USD (calculated: Debt 2.84b - CCE 94.4m)
Enterprise Value = 8.71b USD (5.96b + Debt 2.84b - CCE 94.4m)
Interest Coverage Ratio = 1.46 (Ebit TTM 292.4m / Interest Expense TTM 199.9m)
EV/FCF = 43.50x (Enterprise Value 8.71b / FCF TTM 200.3m)
FCF Yield = 2.30% (FCF TTM 200.3m / Enterprise Value 8.71b)
FCF Margin = 15.13% (FCF TTM 200.3m / Revenue TTM 1.32b)
Net Margin = 5.13% (Net Income TTM 67.9m / Revenue TTM 1.32b)
Gross Margin = 43.46% ((Revenue TTM 1.32b - Cost of Revenue TTM 748.7m) / Revenue TTM)
Gross Margin QoQ = 44.60% (prev 41.96%)
Tobins Q-Ratio = 1.94 (Enterprise Value 8.71b / Total Assets 4.49b)
Interest Expense / Debt = 7.03% (Interest Expense 199.9m / Debt 2.84b)
Taxrate = 26.07% (24.1m / 92.5m)
NOPAT = 216.2m (EBIT 292.4m * (1 - 26.07%))
Current Ratio = 1.28 (Total Current Assets 459.5m / Total Current Liabilities 360.0m)
Debt / Equity = 2.42 (Debt 2.84b / totalStockholderEquity, last quarter 1.18b)
Debt / EBITDA = 4.85 (Net Debt 2.75b / EBITDA 566.8m)
Debt / FCF = 13.73 (Net Debt 2.75b / FCF TTM 200.3m)
Total Stockholder Equity = 1.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.52% (Net Income 67.9m / Total Assets 4.49b)
RoE = 5.47% (Net Income TTM 67.9m / Total Stockholder Equity 1.24b)
RoCE = 7.26% (EBIT 292.4m / Capital Employed (Equity 1.24b + L.T.Debt 2.79b))
RoIC = 5.31% (NOPAT 216.2m / Invested Capital 4.07b)
WACC = 8.36% (E(5.96b)/V(8.81b) * Re(9.87%) + D(2.84b)/V(8.81b) * Rd(7.03%) * (1-Tc(0.26)))
Discount Rate = 9.87% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 58.80 | Cagr: 5.44%
[DCF] Terminal Value 77.94% ; FCFF base≈134.7m ; Y1≈154.5m ; Y5≈227.3m
[DCF] Fair Price = 6.59 (EV 3.41b - Net Debt 2.75b = Equity 664.9m / Shares 100.9m; r=8.36% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.34 | # QB: 0
Revenue Correlation: 96.68 | Revenue CAGR: 25.45% | SUE: 0.74 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.71 | Chg30d=-4.23% | Revisions=+40% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.63 | Chg30d=-4.19% | Revisions=+40% | Analysts=5
EPS current Year (2026-12-31): EPS=2.56 | Chg30d=-5.26% | Revisions=+0% | GrowthEPS=+98.8% | GrowthRev=+15.8%
EPS next Year (2027-12-31): EPS=2.98 | Chg30d=-1.20% | Revisions=-17% | GrowthEPS=+16.8% | GrowthRev=+15.7%
[Analyst] Revisions Ratio: +25% (up=6, down=3)