Kodiak Gas Services (KGS) Operating Margin (2022 - 2026)
Kodiak Gas Services' Operating Margin came in at 31.76% for Q2 2026, up 0.87 percentage points from 30.89% a year earlier and up 0.87 percentage points from the prior quarter.
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Analysis
Kodiak Gas Services (KGS) Operating Margin (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Kodiak Gas Services reported Operating Margin of 27.44%, up 2.26 percentage points year-over-year; for FY2025, it came in at 25.99%, up 4.48 percentage points from FY2024.
- Operating Margin carries a four-year change of -5.17 percentage points (FY2021 to FY2025).
- Going back by year, Operating Margin was 21.52% in FY2024 (-7.19 pp), 28.71% in FY2023 (-2.67 pp), 31.37% in FY2022 (+0.21 pp) and 31.16% in FY2021.
- The Q2 2026 figure represents the highest quarterly Operating Margin since Q4 2022.
- Year-over-year, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of +1.25 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2025 (a gain of 13.40 percentage points), and the weakest in Q2 2024 (a drop of 13.03 percentage points).
- Business Quant data shows KGS's Operating Margin at 30.89% (Q1 2026), 26.10% (Q4 2025) and 19.89% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 76.39 Bn | 73.50 Bn | 1.40 Bn | 11.94% |
| 2 | Baker Hughes | 56.70 Bn | 19.98 Bn | 1.58 Bn | 12.74% |
| 3 | TechnipFMC | 27.74 Bn | 23.88 Bn | 684.70 Mn | -57.68% |
| 4 | Halliburton | 27.03 Bn | 18.79 Bn | 804.00 Mn | 13.62% |
| 5 | Nov | 6.97 Bn | 1.76 Bn | 521.00 Mn | 9.04% |
| 6 | Noble | 6.81 Bn | 4.74 Bn | 239.27 Mn | 4.23% |
| 7 | Weatherford International | 5.95 Bn | 1.88 Bn | 333.00 Mn | 9.68% |
| 8 | Transocean | 5.90 Bn | 3.61 Bn | 358.00 Mn | 15.73% |
| 9 | Valaris | 5.52 Bn | 3.13 Bn | 123.70 Mn | 9.48% |
| 10 | Kodiak Gas Services | 5.32 Bn | 5.09 Bn | 246.76 Mn | 31.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.76% |
| Mar 31, 2026 | 30.89% |
| Dec 31, 2025 | 26.10% |
| Sep 30, 2025 | 19.89% |
| Jun 30, 2025 | 30.89% |
| Mar 31, 2025 | 27.06% |
| Dec 31, 2024 | 22.31% |
| Sep 30, 2024 | 20.35% |
| Jun 30, 2024 | 17.49% |
| Mar 31, 2024 | 27.92% |
| Dec 31, 2023 | 26.88% |
| Sep 30, 2023 | 26.39% |
| Jun 30, 2023 | 30.53% |
| Mar 31, 2023 | 31.75% |
| Dec 31, 2022 | 32.03% |
| Sep 30, 2022 | 31.89% |
| Jun 30, 2022 | 29.30% |
API Access
Kodiak Gas Services Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=KGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "KGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=KGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();