Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kodiak Gas ServicesKGS -2.44%43 Debt-to-Equity is 2.43 as of Mar. 2026, which is 25% above its 10-year median of 1.95. GuruFocus rates KGS with a GF Score™ of 43/100 and a GF Value™ of $37.74 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 796 Oil & Gas companies, Kodiak Gas Services ranks worse than 91.21% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Kodiak Gas Services's Debt-to-Equity or its related term are showing as below:
KGS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.52 Med: 1.95 Max: 14.54
Current: 2.43
During the past 5 years, the highest Debt-to-Equity Ratio of Kodiak Gas Services was 14.54. The lowest was 1.52. And the median was 1.95.
KGS's Debt-to-Equity is ranked worse than 91.21% of 796
companies
in the Oil & Gas industry
Industry Median: 0.465
vs KGS: 2.43
Kodiak Gas Services (NYSE:KGS) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Kodiak Gas Services Debt-to-Equity Related Terms
Kodiak Gas Services Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Kodiak Gas Services's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Equipment & Services subindustry, Kodiak Gas Services's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kodiak Gas Services Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kodiak Gas Services's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Kodiak Gas Services's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kodiak Gas Services (KGS) has a Debt-to-Equity of 2.43 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Kodiak Gas Services and its competitors. This is 25% above median its historical median of 1.95. Over the past decade, Kodiak Gas Services' Debt-to-Equity has ranged from 1.52 to 14.54. According to the industry distribution chart, Kodiak Gas Services ranks #726 out of 796 companies in the Oil & Gas industry, placing it in the top 91.2%.
Is Kodiak Gas Services' Debt-to-Equity too high?
Kodiak Gas Services' current Debt-to-Equity of 2.43 is 25% above median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 14.54. The Oil & Gas industry median Debt-to-Equity is 0.47. Kodiak Gas Services' value of 2.43 is 422.6% above this industry median. Based on the distribution chart, Kodiak Gas Services ranks #726 out of 796 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Kodiak Gas Services has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kodiak Gas Services' Debt-to-Equity compare to AROC and NOV?
According to the Oil & Gas industry distribution chart, Kodiak Gas Services ranks #726 out of 796 companies for Debt-to-Equity. This places Kodiak Gas Services in the lower half of its industry. The industry median Debt-to-Equity is 0.47. Kodiak Gas Services' value of 2.43 is 422.6% above this benchmark. Historically, Kodiak Gas Services' own Debt-to-Equity has ranged from 1.52 to 14.54 over the past decade. While the company's 10-year median is 1.95 vs. the industry median of 0.47, Kodiak Gas Services has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.47, based on 796 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kodiak Gas Services's current Debt-to-Equity of 2.43 is 422.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Kodiak Gas Services and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kodiak Gas Services's current Debt-to-Equity is 2.43, which is 25% above median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kodiak Gas Services stock overvalued right now?
Based on GuruFocus' analysis, Kodiak Gas Services (KGS) is currently considered Significantly Overvalued. The stock's GF Value™ is $37.74, compared to a current price of $65.94 — trading 74.7% above its estimated fair value. The current Debt-to-Equity is 2.43, which is 25% above median its 10-year median of 1.95 and 422.6% above the Oil & Gas industry median of 0.47. Kodiak Gas Services' overall GF Score™ is 43/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Kodiak Gas Services (KGS), the current Debt-to-Equity is 2.43 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kodiak Gas Services (KGS) Overvalued in 2026?
Based on GuruFocus' analysis, Kodiak Gas Services stock appears to be overvalued.
The current stock price of $65.94 is trading 74.7% above its estimated GF Value™ of $37.74.
GuruFocus considers Kodiak Gas Services to be Significantly Overvalued.
Key valuation signals for KGS:
Debt-to-Equity: 2.43 (25% above median its 10-year median of 1.95)
GF Value™: $37.74 vs. price of $65.94 (74.7% above fair value)
Industry Position: 422.6% above the Oil & Gas median (#726 of 796)
No single metric tells the full story. See the KGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kodiak Gas Services Inc is an operator of contract compression infrastructure in the United States. The company manages its business through two operating segments: Contract Services and Other Services. Contract Services consists of operating company-owned and customer-owned compression, gas treating, and cooling infrastructure, pursuant to fixed-revenue contracts to enable the production and gathering of natural gas and oil. Other Services consist of a full range of contract services to support the ancillary needs of customers, including station construction, maintenance and overhaul, freight and crane charges, and other time and material-based offerings. Maximum revenue for the company is generated from its Contract Services segment.
43GF Score
Get the complete analysis for KGS
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
KGS has been successfully added to your 
