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Kodiak Gas Services (KGS) operating margin by quarter

Kodiak Gas Services' operating margin was 31.8% in Q2 2026 (second quarter 2026), +0.9 pts from Q1 2026. Over the last 6 quarters it ranged from 22.3% (Q4 2024) to 31.8% (Q2 2026).

Kodiak Gas Services operating margin by quarterKodiak Gas Services operating margin by quarter22.3%Q4 202427.1%Q1 202530.9%Q2 202526.1%Q4 202530.9%Q1 202631.8%Q2 2026
QuarterOperating marginQ/QY/Y
Q2 202631.8%+0.9 pts+0.9 pts
Q1 202630.9%+4.8 pts+3.8 pts
Q4 202526.1%-4.8 pts+3.8 pts
Q2 202530.9%+3.8 pts—
Q1 202527.1%+4.7 pts—
Q4 202422.3%——

Q2 2026 at a glance

Kodiak Gas Services, Q2 2026: revenue $391M (+21% year over year), operating margin 31.8%, net earnings $52.0M, operating cash flow $99.5M. The chart follows the revenue to costs, profit and cash.

Questions

What is Kodiak Gas Services' operating margin?

Kodiak Gas Services' operating margin was 31.8% in Q2 2026 (second quarter 2026), +0.9 pts from Q1 2026.

How has Kodiak Gas Services' operating margin changed?

Over the last 6 quarters it ranged from 22.3% (Q4 2024) to 31.8% (Q2 2026).

Q2 2026 results → · How Kodiak Gas Services makes money →