| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 40 | 52.8x | 17.3x | Bottom tier | |
Growth | 74 | 8.2% | 7.1% | Top tier | |
Quality | 42 | 7.9% | 4.5% | Around median | |
Safety | 41 | 3.9x | 2.6x | Around median | |
Capital Return | 80 | 3.84% | 0.06% | Top tier | |
Momentum | 38 | 55.1% | -1.6% | Bottom tier | |
Sentiment | 41 | 6 | 3 | Around median |
The floor: what the company is worth if growth stopped today
90% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 5.00% as of 2026-10-23. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Kodiak Gas Services operates through an energy infrastructure platform that combines natural gas compression and distributed power generation. In the Compression Infrastructure segment, the company generates revenue from operating contracted compression units, with an increasing focus on high-horsepower equipment; it ended fiscal 2026 Q2 with 4.4 million revenue-generating horsepower, an average of 991 horsepower per revenue-generating unit, and fleet utilization of 98.2%. The Power Infrastructure segment, which the company expanded following the acquisition of DPS, provides power generation assets including reciprocating engines and turbines for data centers, energy infrastructure, and microgrid projects.
In fiscal 2026 Q2, revenue reached $391 million, up 21% year over year, driven by the addition of DPS and growth in the compression business; Compression Infrastructure revenue rose 7% year over year and 3% sequentially. The company generated adjusted net income of $54 million, adjusted diluted earnings of $0.55 per share, and record adjusted EBITDA of $217 million, up 22% year over year. The Compression Infrastructure segment’s adjusted gross margin was 70%, up 170 basis points year over year, while Power Infrastructure generated revenue of $33 million and an adjusted gross margin of approximately 65% from a fleet with 405 megawatts of capacity.
Compression Infrastructure remains the largest business driver, while Power Infrastructure represents the new expansion path. In fiscal 2026 Q2, compression revenue-generating horsepower pricing increased 4.5% year over year to $23.80 per horsepower, and the fleet added approximately 24 thousand revenue-generating horsepower sequentially. Other Services revenue rose 47% year over year, supported by station revenue and energy-related ancillary services, while discretionary cash flow reached $163 million during the quarter.
The analyst consensus is “Buy,” with an average price target of $82.86, within a wide range of $69 to $93. The average target exceeds the 52-week range high of $77.68, compared with a low of $32.55, but the dispersion in targets reflects differing expectations regarding the conversion of Power Infrastructure investments into contracts and returns. No usable price-to-earnings multiple is available in the provided data, so the valuation of KGS here is based more on the range of analyst targets and execution of the capital expansion plan than on a reported earnings multiple.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Kodiak’s revenue reached approximately $391 million, up 21% year over year, driven by the addition of DPS and growth in Compression Infrastructure. Compression revenue rose 7% year over year and 3% sequentially, with the addition of approximately 24 thousand revenue-generating horsepower and a 4.5% increase in pricing per horsepower. The company recorded record adjusted EBITDA of $217 million and adjusted net income of $54 million in fiscal 2026 Q2.
The company secured approximately 1.8 gigawatts of generation equipment available by the end of 2030 and is targeting a 2-gigawatt fleet by that date. Kodiak signed a limited notice for engineering and design work on a West Texas data center project that begins at less than 100 megawatts and can be expanded, with power supply targeted to begin in early 2027. As of August 7, 2026, the project was still under negotiation for a long-term contract despite payment of an initial deposit to reserve the equipment.
Automated analysis for informational purposes only — not investment advice.
Net debt stood at approximately $2.6 billion at the end of fiscal 2026 Q2, and leverage was 3.1 times after accounting for cash. The company raised approximately $836 million after expenses through a primary equity issuance in May 2026 to fund the power plan and generated discretionary cash flow of $163 million during the quarter. In contrast, it expects capital expenditure of between $400 million and $450 million on Power Infrastructure and between $280 million and $300 million on Compression Infrastructure during fiscal 2026.
Lead times for some compression equipment are approaching 200 weeks, while balance-of-plant components such as transformers, switchgear, and emissions-reduction systems may take between four months and 18–24 months. Deliveries of 2027 capacity, totaling approximately 400 megawatts under management’s plan, will also be more heavily concentrated in the latter part of the year. In addition, lubricant costs increased by approximately $1.5 million per month compared with normalized levels, although the company maintained an adjusted compression margin of 70% in fiscal 2026 Q2.
The board of directors declared a distribution of $0.49 per share following fiscal 2026 Q2 results, and management said discretionary cash flow covers it more than three times. The company explained that its capital allocation priorities combine funding Power Infrastructure growth, managing the balance sheet, and paying an attractive distribution that can grow. Share repurchases will remain opportunistic, but management emphasized that the power plan requires substantial capital expenditure during the fleet buildout phase.