Kodiak Gas Services, Inc. (KGS)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 1,348,470 | 1,343,830 | 1,359,910 | 1,246,550 | 1,310,850 | 1,144,970 | 1,142,650 | 1,171,790 | 192,875 | 217,436 | 229,093 |
| ROE | 6.18% | 3.76% | 3.70% | 1.96% | 3.95% | 5.47% | 1.76% | 2.60% | 28.28% | 21.13% | 37.63% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $83,342K ÷ $1,348,470K
= 6.18%
The analysis of Kodiak Gas Services, Inc.’s return on equity (ROE) over the specified period reveals notable fluctuations and trends. At the end of 2022, the ROE was relatively high at 37.63%, indicating strong profitability relative to shareholder equity during that period. However, this figure experienced a significant decline by the first quarter of 2023, dropping to 21.13%, and further weakened through the second quarter to 28.28%. A sharp devaluation occurred in the third quarter of 2023, with the ROE plummeting to 2.60%, and continued to decline into the last quarter of 2023 to 1.76%.
This downward trend persisted into early 2024, with ROE figures of 5.47% in the first quarter, followed by a decrease to 3.95% in the second quarter, and further contraction to 1.96% by the third quarter. Toward the end of 2024, the ROE slightly improved to 3.70%, and in the first half of 2025, it showed marginal increases with 3.76% in the first quarter and reaching 6.18% in the second quarter.
This pattern indicates that Kodiak Gas Services experienced a substantial decline in profitability relative to equity from late 2022 through late 2023, which persisted into the first half of 2024 before showing signs of stabilization and modest recovery in mid-2025. The significant variability suggests periods of operational or external challenges impacting profitability, with some regenerative trend apparent in the latter half of the analyzed period. However, overall, the ROE remains relatively low compared to the peak levels observed at the end of 2022, reflecting ongoing issues that may require further analysis for comprehensive understanding.
Peer comparison
Jun 30, 2025