KGSKodiak Gas Services, Inc.

$53.41+65% 1Y

$53.41

$32.4152 weeks$75.89

Is the business good?

Mixed

The checks split: earnings fully cash-backed (1.7×), but margins compressing.

1 good, 1 to watch, 1 neutral, 1 without data

Profits arrive as cash1.75×derived · Jun 30, 2026

Operating profit is fully backed by cash. Conversion is worsening vs a year ago.

Margin direction, 3 years−4.4 pts

Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.

Where ROE comes from2% ROA

A balanced mix of margins, efficiency, and leverage. ROE 6% = margin × turnover × leverage.

Unless marked, from derived.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

FCF conversionbehind 89% of the market

Leverage (Debt/EBITDA)behind 68% of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

Kodiak Gas Services, Inc. earns 6.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

6.4%

Return on invested capital · cost of capital 9.0% · 2.6 points below what the capital costs: growth destroys value

Operating margin: 27%
Operating margin · Oil & Gas Equipment & Services median 10% · 12 months to Q2 2026
Cash conversion: 1.75×
Cash conversion · 1.99× a year ago · operating cash flow covers the operating profit after tax
Share count, year on year: +7.5%
Share count, year on year · shareholders own a smaller slice than a year ago

Details›

Gross margin12 months to Q2 2026: 64%
Operating margin12 months to Q2 2026: 27%
Net margin12 months to Q2 2026: 5.8%
Free cash flow margin: 0.36%
Revenue, trailing twelve months: $1.39B
Free cash flow, trailing twelve months: $5.0M
Net income, trailing twelve months: $80M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash: 6.4%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Ranks #22 of 29 by RyuScore