Kodiak Gas Services, Inc. (KGS)

Net profit margin

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022
Net income (ttm)	US$ in thousands	83,342	50,559	50,380	24,423	51,837	62,641	20,066	30,419	54,553	45,937	86,219
Revenue (ttm)	US$ in thousands	1,286,651	1,273,461	1,159,311	1,075,772	982,108	875,761	850,381	804,177	755,839	729,684	707,913
Net profit margin		6.48%	3.97%	4.35%	2.27%	5.28%	7.15%	2.36%	3.78%	7.22%	6.30%	12.18%

June 30, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $83,342K ÷ $1,286,651K
= 6.48%

The net profit margin of Kodiak Gas Services, Inc. exhibits notable fluctuations over the analyzed period, reflecting varying operational efficiencies and profitability trends. As of December 31, 2022, the net profit margin stood at 12.18%, indicating a relatively strong profitability position at that point. However, subsequent periods reveal a decline, with the margin decreasing to 6.30% by March 31, 2023, and slightly improving to 7.22% by June 30, 2023. A continued reduction is observed leading to 3.78% on September 30, 2023, and further diminishing to 2.36% by December 31, 2023.

In the following quarter, the margin experiences an uptick to 7.15% in March 2024, suggesting a temporary recovery in profitability, but this is followed by a decline again to 5.28% by June 30, 2024, and a subsequent decrease to 2.27% by September 30, 2024. The trend stabilizes slightly in the final quarter of 2024 with a modest increase to 4.35%, yet overall remains below earlier levels.

Looking forward, the net profit margin indicates some variability, with March 2025 registering at 3.97%, followed by a notable rise to 6.48% in June 2025. This resurgence signifies a potential improvement in profitability or operational efficiency at that later stage. Overall, the data suggests that Kodiak Gas Services has experienced periods of declining profitability, punctuated by brief recoveries, with the margins generally trending lower compared to the initial period analyzed. Such fluctuations may be influenced by market conditions, operational challenges, or changes in cost structures affecting net earnings relative to revenues.