Kodiak Gas Services vs Solaris Energy Infrastructure
Add, change or remove companies; up to four.
The short version
- Kodiak Gas Services is the larger business, with $1.3B of revenue in fiscal 2025 against $622M for Solaris Energy Infrastructure, about 2.1 times as much.
- Solaris Energy Infrastructure grew revenue faster (98.7%, against 12.8%).
- Kodiak Gas Services kept more of each dollar of sales as operating profit (26.0% operating margin, against 21.8%).
- Kodiak Gas Services turned more of its sales into free cash flow (21.7% FCF margin, against β70.3%).
- Solaris Energy Infrastructure earned a higher return on the capital invested in it (14.1%, against 6.3%).
| Latest fiscal year | KGS Β· FY25 | SEI Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.3B | β |
| Revenue | $1.3B | $622M |
| Free cash flow | $284M | β$438M |
| Net income | $80.5M | $30.2M |
| Growth | ||
| Revenue growth | 12.8% | 98.7% |
| 5-year growth | β | 43.3% |
| Share count change | 3.9% | β |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | 26.0% | 21.8% |
| Net margin | 6.2% | 4.9% |
| FCF margin | 21.7% | β70.3% |
| Return on capital | 6.3% | 14.1% |
| Return on equity | 6.2% | 6.6% |
| Balance sheet | ||
| Net debt | $2.6B | β$165M |
| Net debt / EBITDA | 4.2x | β0.8x |
| Dividends and buybacks | $264M | $21.8M |
| Valuation & quality | ||
| P/E | 52.8x | β |
| Piotroski F-score | 5 | β |
Revenue
FY16
KGS β
SEI $18.2M
FY17
KGS β
SEI $67.4M
FY18
KGS β
SEI $197M
FY19
KGS β
SEI $242M
FY20
KGS β
SEI $103M
FY21
KGS $606M
SEI $159M
FY22
KGS $708M
SEI $320M
FY23
KGS $850M
SEI $293M
FY24
KGS $1.2B
SEI $313M
FY25
KGS $1.3B
SEI $622M
KGS
SEI
Operating margin
FY16
KGS β
SEI 15.8%
FY17
KGS β
SEI 37.8%
FY18
KGS β
SEI 50.4%
FY19
KGS β
SEI 44.7%
FY20
KGS β
SEI β58.2%
FY21
KGS 31.2%
SEI β0.2%
FY22
KGS 31.4%
SEI 13.1%
FY23
KGS 28.7%
SEI 17.0%
FY24
KGS 21.5%
SEI 16.9%
FY25
KGS 26.0%
SEI 21.8%
KGS
SEI
Free cash flow
FY16
KGS β
SEI β$6.4M
FY17
KGS β
SEI β$67.2M
FY18
KGS β
SEI β$44.7M
FY19
KGS β
SEI $80.0M
FY20
KGS β
SEI $39.2M
FY21
KGS $48.0M
SEI β$3.2M
FY22
KGS β$39.5M
SEI β$13.4M
FY23
KGS $46.5M
SEI $25.0M
FY24
KGS β$9.0M
SEI β$129M
FY25
KGS $284M
SEI β$438M
KGS
SEI
Return on capital
FY16
KGS β
SEI β
FY17
KGS β
SEI β
FY18
KGS β
SEI β
FY19
KGS β
SEI β
FY20
KGS β
SEI β
FY21
KGS β
SEI β
FY22
KGS β
SEI β
FY23
KGS 4.8%
SEI β
FY24
KGS 4.8%
SEI 6.8%
FY25
KGS 6.3%
SEI 14.1%
KGS
SEI
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.