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How Kodiak Gas Services (KGS) makes money
Kodiak Gas Services (KGS) made $391M of revenue in the second quarter 2026 (Q2 2026), +21% from a year earlier. Compression Infrastructure brought in $315M (81%); Service, Other brought in $43.1M (11%); Power Infrastructure brought in $32.9M (8%). Of every dollar of revenue, 32¢ was left as operating profit, 13¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Compression Infrastructure | $315M | 80.6% | — | +7% |
| Service, Other | $43.1M | 11.0% | — | +47% |
| Power Infrastructure | $32.9M | 8.4% | — | — |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $391M | 100.0% |
| Operating profit | $124M | 31.8% |
| Income tax | $21.1M | 5.4% |
| Net earnings | $52.0M | 13.3% |
| Operating cash flow | $99.5M | 25.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $391M | +21% |
| Q1 2026 | $346M | +5% |
| Q4 2025 | $333M | +8% |
| Q3 2025 | $323M | -0.6% |
| Q2 2025 | $323M | +4% |
| Q1 2025 | $330M | +53% |
| Q4 2024 | $310M | +37% |
From Kodiak Gas Services' 10-Q filed Aug 7, 2026 (on EDGAR).
Questions
How does Kodiak Gas Services make money?
Kodiak Gas Services (KGS) made $391M of revenue in the second quarter 2026 (Q2 2026), +21% from a year earlier. Compression Infrastructure brought in $315M (81%); Service, Other brought in $43.1M (11%); Power Infrastructure brought in $32.9M (8%). Of every dollar of revenue, 32¢ was left as operating profit, 13¢ was left as net earnings.
What is Kodiak Gas Services' biggest business?
Compression Infrastructure: $315M in the second quarter 2026, 81% of revenue, +7% from a year earlier.
What is Kodiak Gas Services' profit margin?
Net earnings were $52.0M, 13.3% of revenue, in the second quarter 2026; the operating margin was 31.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.