Kodiak Gas Services (KGS) Gross Margin (2022 - 2026)
Kodiak Gas Services' (KGS) quarterly Gross Margin came in at 63.09% in Q2 2026, down 121.0% on a YoY basis from 300.44% in Q2 2025, and down 2.12% quarter-over-quarter from 64.46% in Q1 2026.
Analysis
Kodiak Gas Services (KGS) Gross Margin (2022 - 2026) Analysis & Trends
Kodiak Gas Services (KGS) has reported Gross Margin for 5 consecutive years, with 63.09% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 121.0% year-over-year to 63.09%; the trailing twelve-month figure through Jun 2026 stood at 63.85% (up 203.0% YoY), and the FY2025 full-year result was 63.31%, up 285.0% from the prior year.
- Gross Margin declined to 63.09% in Q2 2026 per KGS's latest filing, from 64.46% in the prior quarter.
- Across five years, Gross Margin topped out at 71.66% in Q3 2023 and bottomed at 30.25% in Q4 2023.
- Historically, Gross Margin has averaged 61.21% across 5 years, with a median of 63.95% in 2025.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 1401 bps in 2023, then surged 3154 bps in 2024.
- Over 5 years, Gross Margin stood at 44.26% in 2022, then slumped by 32 bps to 30.25% in 2023, then surged by 104 bps to 61.8% in 2024, then climbed by 3 bps to 63.95% in 2025, then decreased by 1 bps to 63.09% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 63.09%, 64.46%, and 63.95% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 23.46% |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 36.80% |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 59.91% |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 63.09% |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 47.19% |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 63.53% |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 15.61% |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 17.53% |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 19.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 63.09% |
| Mar 31, 2026 | 64.46% |
| Dec 31, 2025 | 63.95% |
| Sep 30, 2025 | 63.99% |
| Jun 30, 2025 | 64.30% |
| Mar 31, 2025 | 61.03% |
| Dec 31, 2024 | 61.80% |
| Sep 30, 2024 | 60.17% |
| Jun 30, 2024 | 58.90% |
| Mar 31, 2024 | 61.22% |
| Dec 31, 2023 | 30.25% |
| Sep 30, 2023 | 71.66% |
| Jun 30, 2023 | 68.02% |
| Mar 31, 2023 | 66.98% |
| Dec 31, 2022 | 44.26% |
| Sep 30, 2022 | 69.41% |
| Jun 30, 2022 | 67.07% |