What is Kodiak Gas Services's net debt?

Kodiak Gas Services (KGS) reported net debt of $2.74B in Q1 2026.

How has Kodiak Gas Services's net debt changed year-over-year?

Kodiak Gas Services's net debt increased by 3.8% year-over-year, from $2.64B to $2.74B.

What is the long-term trend for Kodiak Gas Services's net debt?

Over 3 years (2022 to 2025), Kodiak Gas Services's net debt has grown at a -1.3% compound annual growth rate (CAGR), from $2.71B to $2.61B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Kodiak Gas Services KGS Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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LAD

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0.4×0.0×

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4.1×+0.4×

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1.5×+0.9×

Other financials

Income statement

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Revenue$345.8M+4.9%

Gross profit$222.9M+10.8%

Operating income$106.8M+19.8%

Net income$17.8M-41.5%

EPS (diluted)$0.20-39.4%

Balance sheet

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Cash & equivalents$94.4M+4,739%

Total debt$2.8B+7.3%

Total equity$1.2B-13.3%

Total assets$4.5B+1.3%

Cash flow

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Operating cash flow$71.2M-37.7%

CapEx$118.4M+52.6%

Free cash flow-$47.2M-228%

Valuation

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Market cap$6.98B+52.7%

Enterprise value$9.72B+30.9%

P/E102.8×+11.5×

P/S5.3×+1.7×

Profitability

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Gross margin64.2%+3.7pp

Operating margin27%+5.1pp

Net margin5.1%+1.2pp

FCF margin15.1%—

Returns & leverage

See full

Return on equity5.4%+1.4pp

Debt / equity2.4×+0.5×

Current ratio1.3×+0.1×

Where this comes from

Calculated from Kodiak Gas Services’s reported figures.

$2.8Btotal debt−$94.4Mcash and equivalents=$2.74B

The official record: Kodiak Gas Services’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kodiak Gas Services's net debt?: Kodiak Gas Services (KGS) reported net debt of $2.74B in Q1 2026.
How has Kodiak Gas Services's net debt changed year-over-year?: Kodiak Gas Services's net debt increased by 3.8% year-over-year, from $2.64B to $2.74B.
What is the long-term trend for Kodiak Gas Services's net debt?: Over 3 years (2022 to 2025), Kodiak Gas Services's net debt has grown at a -1.3% compound annual growth rate (CAGR), from $2.71B to $2.61B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.