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Kodiak Gas Services vs DT Midstream: KGS and DTM compared
Kodiak Gas Services is the larger company: $391M of revenue in its latest quarter (Q2 2026) against $336M for DT Midstream (Q3 2026). Kodiak Gas Services is growing faster (+21% against +7% a year earlier). DT Midstream is more profitable, with an operating margin of 48.5% against 31.8%.
Where the money goes: KGS and DTM
Kodiak Gas Services (KGS) · Q2 2026
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.
DT Midstream (DTM) · Q3 2026
DT Midstream, Q3 2026: revenue $336M (+7% year over year), operating margin 48.5%, net earnings $118M, operating cash flow $275M. The chart follows the revenue to costs, profit and cash.
| Kodiak Gas Services (KGS) | DT Midstream (DTM) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $391M | $336M |
| Revenue growth, Y/Y | +21% | +7% |
| Operating margin | 31.8% | 48.5% |
| Net earnings | $52.0M | $118M |
| Net margin | 13.3% | 35.1% |
| Operating cash flow | $99.5M | $275M |
| Free cash flow | — | $184M |
| Market value | $4.0B | $12.8B |
| P/E | 50.1× | 27.1× |
| Analysts’ mean target | $79.50 | $148.40 |
Where the revenue comes from
Kodiak Gas Services
- Compression Infrastructure: $315M (81%)
- Service, Other: $43.1M (11%)
- Power Infrastructure: $32.9M (8%)
Questions
Which is bigger, Kodiak Gas Services or DT Midstream?
Kodiak Gas Services is the larger company: $391M of revenue in its latest quarter (Q2 2026) against $336M for DT Midstream (Q3 2026).
Is Kodiak Gas Services or DT Midstream growing faster?
Kodiak Gas Services is growing faster (+21% against +7% a year earlier).
Which is more profitable, Kodiak Gas Services or DT Midstream?
DT Midstream is more profitable, with an operating margin of 48.5% against 31.8%.
More: Kodiak Gas Services earnings · how Kodiak Gas Services makes money · DT Midstream earnings · how DT Midstream makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 7, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.