Kodiak Gas Services, Inc. (KGS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 121,741 | 77,361 | 75,908 | 39,192 | 77,257 | 91,576 | 35,136 | 41,197 | 71,764 | 60,078 | 112,974 |
| 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 |
| Pretax margin | 9.46% | 6.07% | 6.55% | 3.64% | 7.87% | 10.46% | 4.13% | 5.12% | 9.49% | 8.23% | 15.96% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $121,741K ÷ $1,286,651K
= 9.46%
The pretax margin for Kodiak Gas Services, Inc. reflects significant fluctuations over the analyzed period from December 31, 2022, through June 30, 2025. At the end of 2022, the pretax margin stood at approximately 15.96%, indicating relatively robust profitability before taxes. However, this margin experienced a pronounced decline by March 31, 2023, dropping to 8.23%, and subsequently to 9.49% as of June 30, 2023. The trend continued negatively, with the margin narrowing to 5.12% by September 30, 2023, and further diminishing to 4.13% at the end of 2023.
In the subsequent quarters of 2024, there was a partial recovery, with the pretax margin rising to 10.46% by March 31, 2024, before decreasing again to 7.87% by June 30, 2024, and reaching a low of 3.64% by September 30, 2024. The margin showed some improvement in the final quarter of the period, increasing to 6.55% on December 31, 2024, and maintaining a relatively stable level of around 6.07% by March 31, 2025. The median pretax margin then increased to 9.46% by June 30, 2025.
Overall, the pretax margin exhibits a downward trend starting from a high point near 16%, with periods of partial recovery followed by further decline. The variability suggests periods of operational or industry-related challenges impacting profitability, with some signs of stabilization and modest improvement in later quarters of the forecast horizon.
Peer comparison
Jun 30, 2025