Kodiak Gas Services (KGS) Operating Margin (2022 - 2026)
Kodiak Gas Services' (KGS) quarterly Operating Margin came in at 31.76% in Q2 2026, up 87.0% on a YoY basis from 16.99% in Q2 2025, and up 2.82% quarter-over-quarter from 30.89% in Q1 2026.
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Kodiak Gas Services (KGS) Operating Margin (2022 - 2026) Analysis & Trends
Kodiak Gas Services (KGS) has reported Operating Margin for 5 consecutive years, with 31.76% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 87.0% year-over-year to 31.76%; the trailing twelve-month figure through Jun 2026 stood at 27.44% (up 226.0% YoY), and the FY2025 full-year result was 25.99%, up 448.0% from the prior year.
- Operating Margin improved to 31.76% in Q2 2026 per KGS's latest filing, from 30.89% in the prior quarter.
- Across five years, Operating Margin topped out at 32.03% in Q4 2022 and bottomed at 17.49% in Q2 2024.
- Historically, Operating Margin has averaged 27.26% across 5 years, with a median of 27.92% in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Margin slumped 1303 bps in 2024, then soared 1340 bps in 2025.
- Over 5 years, Operating Margin stood at 32.03% in 2022, then decreased by 16 bps to 26.88% in 2023, then dropped by 17 bps to 22.31% in 2024, then advanced by 17 bps to 26.1% in 2025, then climbed by 22 bps to 31.76% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 31.76%, 30.89%, and 26.1% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 48.02% |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 12.74% |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 13.62% |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 9.68% |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 31.76% |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 18.27% |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 29.34% |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 12.45% |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 1.07% |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 8.68% |
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% |