Kodiak Gas Services vs RPC
Add, change or remove companies; up to four.
KIRAβs take AI analyst
I put Kodiak Gas Services and RPC side by side, using each oneβs latest annual report. Here is what stands out:
- RPC is the larger business, with $1.6B of revenue in fiscal 2025 against $1.3B for Kodiak Gas Services.
- RPC grew revenue faster (15.0%, against 12.8%).
- Kodiak Gas Services kept more of each dollar of sales as operating profit (26.0% operating margin, against 2.8%).
- Kodiak Gas Services turned more of its sales into free cash flow (21.7% FCF margin, against 3.3%).
- Investors pay more for each dollar of RPCβs earnings: a P/E of 62.5x against 52.8x for Kodiak Gas Services.
Who comes out ahead
Of the 7 measures where higher (or lower) is clearly better, how many each company leads.
Kodiak Gas Services
KGS
4/7
Operating marginNet marginFCF marginReturn on equity
RPC
RES
3/7
Revenue growthNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | KGS FY25 | RES FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.3B | $1.3B |
| Revenue | $1.3B | $1.6B |
| Free cash flow | $284M | $52.9M |
| Net income | $80.5M | $32.1M |
| Growth | ||
| Revenue growth | 12.8% | 15.0% |
| 5-year growth | β | 22.1% |
| Share count change | 3.9% | 0.4% |
| Profitability | ||
| Gross margin | β | 24.2% |
| Operating margin | 26.0% | 2.8% |
| Net margin | 6.2% | 2.0% |
| FCF margin | 21.7% | 3.3% |
| Return on capital | 6.3% | β |
| Return on equity | 6.2% | 3.0% |
| Balance sheet | ||
| Net debt | $2.6B | β$158M |
| Net debt / EBITDA | 4.2x | β0.8x |
| Dividends and buybacks | $264M | $38.0M |
| Valuation & quality | ||
| P/E | 52.8x | 62.5x |
| Piotroski F-score | 5 | β |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.