Kodiak Gas Services, Inc. (KGS)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 324,041 | 294,692 | 273,544 | 269,467 | 264,346 | 256,025 | 248,342 | 233,440 | 230,735 | 220,579 | 214,573 |
| Total assets | US$ in thousands | 4,375,930 | 4,436,120 | 4,435,120 | 4,492,010 | 4,439,280 | 3,316,430 | 3,721,840 | 3,244,240 | 3,261,360 | 3,213,750 | 3,205,540 |
| Operating ROA | 7.41% | 6.64% | 6.17% | 6.00% | 5.95% | 7.72% | 6.67% | 7.20% | 7.07% | 6.86% | 6.69% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $324,041K ÷ $4,375,930K
= 7.41%
The operating return on assets (ROA) for Kodiak Gas Services, Inc. exhibits variability over the analyzed period, reflecting fluctuations in the company's operational efficiency relative to its total assets. At the end of 2022, the operating ROA stood at approximately 6.69%, indicating the company was generating operational earnings equal to about 6.69% of its asset base. Moving into the first quarter of 2023, this figure slightly increased to roughly 6.86%, suggesting a modest improvement in operational efficiency.
The upward trend continued through the second and third quarters of 2023, with operating ROA reaching approximately 7.07% in June 2023 and further edging higher to 7.20% by September 2023. This progression indicates a consistent enhancement in how effectively the company was utilizing its assets to generate operating income during that period. However, at the close of 2023, the ROA declined slightly to around 6.67%, indicating a temporary downturn in operational efficiency or a change in asset utilization.
In the subsequent quarters of 2024, the operating ROA demonstrated notable fluctuations. It increased to approximately 7.72% in the first quarter, reflecting an improvement in operating performance relative to assets. This upward movement was followed by a decline to roughly 5.95% in June 2024, which suggests a temporary reduction in operational efficiency or potential asset base changes. By the third quarter of 2024, the metric recovered slightly to around 6.00%, and by the end of 2024, it stabilized near 6.17%.
Looking into 2025, the trend resumes an upward trajectory, with the ROA reaching about 6.64% by March and significantly rising to approximately 7.41% by June 2025. This indicates a recovery and potential strengthening of operational efficiency and asset utilization in the most recent period analyzed.
In summary, Kodiak Gas Services' operating ROA has shown periods of both improvement and decline over the examined timeline, with notable peaks around early to mid-2023 and mid-2025. The data suggests that while operational efficiency has experienced some volatility, the company has also demonstrated periods of strong asset utilization, culminating in a significant increase in early 2025.
Peer comparison
Jun 30, 2025