Company Analysis

Kodiak Gas Services, Inc. (KGS)

NYSE: KGS · Natural Gas Transmission · The Woodlands, TX · filing with the SEC since 2019
Grade4.7
◀ Past 4.1● Present 5.1▶ Future 4.6
1 est.

The grade of Kodiak Gas Services, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.7/10
◀ Past4.125% of the headline
● Present5.145% of the headline
▶ Future4.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.1/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.2/10

Has it survived what it has been through?

1 warning event since 2019; the latest 2023-08-09.

weight 45% of this tense · 22nd percentile among 16 sector filers · read for itself

From the record

Kodiak Gas Services, Inc.'s filings since 2019 show 1 warning event: a warning not to rely on past financial statements (8-K item 4.02, the latest 2023-08-09) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.4/10

What has it actually done, year after year?

+21.2% a year over 5 filed years; profitable in 5 of 5.

weight 22% of this tense · 84th percentile among 16 sector filers · read for its customers

From the record

Kodiak Gas Services, Inc.'s 5 filed years say what it did: revenue went from $606 million in fiscal 2021 to $1.3 billion in fiscal 2025, up 21.2% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 5 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span21.2%top 22% of its family
  • the share of years revenue rosetop 9% of its family
  • the share of filed years with a profittop 22% of its family
  • the deepest fall from a revenue peak0.0%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.9/10

How has it treated the people who own it?

Share count grew 14.5% a year. 39% of cash flow returned. Insiders: 21 sales, 4 purchases.

weight 33% of this tense · 39th percentile among 13 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Kodiak Gas Services, Inc.'s diluted share count grew about 14.5% a year, and dividends and buybacks returned about 39% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 21 sales (16 under scheduled 10b5-1 plans) and 4 purchases of their own stock on the open market in the year to 2026-11-12, buying about $669 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 12% of its family
  • cash returned against operating cash flowtop 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.1/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.2/10

Is it financially healthy right now?

ROE 7%: 7¢ of profit per shareholder dollar. Leverage 72%: owes 72¢ per asset dollar.

weight 45% of this tense · 32nd percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Kodiak Gas Services, Inc. earned about 7 cents of profit for every dollar of shareholders' money. Leverage: it owed about 72 cents per dollar of assets, and net share issuance: its share count grew 3.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 38% of its family
  • return on equitybottom 14% of its family
  • the share count against the year beforebottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.7/10

How strong is its position in its industry?

bottom 47% of 16 in its family; net margin 6.2%.

weight 33% of this tense · 47th percentile among 16 sector filers · read for its customers

From the record

Kodiak Gas Services, Inc.'s standing among 16 graded names in its industry family: revenue of $1.3 billion in fiscal 2025 ranks in the bottom 35% by size; a net margin of 6.2% ranks in the bottom 16%; revenue growth of 22.7% a year over the last 3 filed years ranks in the top 9% (its annual reports).

What it rests on

  • revenue against the family$1.31Bbottom 35% of its family
  • net margin6.2%bottom 16% of its family
  • three-year revenue growth22.7%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
9.6/10

What are the people in charge doing?

SI estimate 9.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 96th percentile among 13 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 4% of 13 in its family; the record of its people begins on 2023-06-28 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.4 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2023-06-28 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.4 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 13 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Kodiak Gas Services, Inc.'s leadership is put at 9.6 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 4% of 13 in its family; the record of its people begins on 2023-06-28 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.4 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.3/10

How much room does it have to grow?

bottom 43% of 16 in its family for room to expand.

weight 22% of this tense · 43rd percentile among 16 sector filers · read for itself

From the record

Kodiak Gas Services, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $3 million against debt of $2.6 billion leaves -59.1% of its assets as net cash, bottom 22% of its family; cash from operations less capital spending is 21.7% of revenue (top 37%) (its annual report).

What it rests on

  • cash less debt against assets-59.1%bottom 22% of its family
  • cash from operations less capital spending against revenue21.7%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.6/10

What could actually drive growth from here?

top 44% of 16 in its family for growth drivers.

weight 45% of this tense · 56th percentile among 16 sector filers · read for its customers

From the record

Kodiak Gas Services, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 22.7% a year over the last three filed years against 21.2% over all 5, speeding up (top 16% of its family); the newest year grew 12.8% (top 41%); capital spending grew 6.7% a year (bottom 23%) (its annual reports). Kodiak Gas Services, Inc. reported 2 lines of business in fiscal 2025: Contract Services at $1.2 billion (90%), Other Services at $127 million (10%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+1.5 points a yeartop 16% of its family
  • the newest year's revenue growth12.8%top 41% of its family
  • three-year growth of capital spending6.7%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.4/10

Did its newest year beat what its own record pointed to?

bottom 34% of 15 in its family for expectations against reality.

weight 33% of this tense · 34th percentile among 15 sector filers · read for its shareholders

From the record

Kodiak Gas Services, Inc.'s newest year against its own record: revenue of $1.3 billion in fiscal 2025 came in 11.8% below the $1.5 billion its prior three years' pace pointed to (bottom 3% of its family); net income of $81 million against a prior three-year average of $59 million (top 37%); a net margin of 6.2% against 7.2% before (bottom 37%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-11.8%bottom 3% of its family
  • net income against the prior three years' average+37%top 37% of its family
  • net margin against its prior average-1.1 pointsbottom 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton KGS · research, not advice