Kodiak Gas Services (KGS) vs Western Midstream Partners (WES)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Kodiak Gas Services (KGS) has outperformed Western Midstream Partners (WES) over the past year, gaining 52.1% versus a gain of 16.9%. Western Midstream Partners is the larger company by market cap ($18.85 billion vs $5.41 billion), about 3.5 times the size, while Kodiak Gas Services is growing revenue faster (+12.8% vs +6.6%). On valuation, Western Midstream Partners trades at a lower forward P/E (11.9x vs 16.8x for Kodiak Gas Services).
Western Midstream Partners offers the higher dividend yield (8.07% vs 3.67%). Western Midstream Partners converts more of its revenue into profit, with a net margin of 30.7% versus 6.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | KGS | WES |
|---|---|---|
| Share price | $53.47 | $45.62 |
| Market cap | $5.41B | $18.85B |
| 1-day change | -0.19% | -0.44% |
| YTD return | +42.97% | +16.00% |
| 1-year return | +52.08% | +16.86% |
| 5-year return | — | +95.98% |
| P/E ratio (TTM) | 62.17 | 14.48 |
| Forward P/E | 16.85 | 11.91 |
| EPS (TTM) | $0.86 | $3.15 |
| Dividend yield | 3.67% | 8.07% |
| Annual dividend | $1.96 | $3.68 |
| Revenue (latest FY) | $1.31B | $3.84B |
| Revenue growth (YoY) | +12.83% | +6.61% |
| Net income (latest FY) | $80.52M | $1.18B |
| Gross margin | 63.31% | 94.61% |
| Operating margin | 25.99% | 41.67% |
| Net margin | 6.16% | 30.73% |
| 52-week high | $77.68 | $50.07 |
| 52-week low | $32.55 | $36.90 |
| Distance from 52-week high | -31.17% | -8.89% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +54.72% | +8.92% |
| Average volume | 1.78M | 823.53K |
| Shares outstanding | 101.10M | 413.17M |
| Employees | 1,300 | 1,704 |
| Sector | Utilities | Utilities |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Midstream Partners is about 3.5 times larger than Kodiak Gas Services by market value ($18.85B vs $5.41B).
- KGS has outperformed WES by 35.2 percentage points over the past year.
- Kodiak Gas Services trades at a higher earnings multiple (62.2x vs 14.5x trailing P/E).
- Western Midstream Partners offers a meaningfully higher dividend yield (8.07% vs 3.67%).
- Western Midstream Partners is more profitable, keeping 30.7 cents of every revenue dollar as net income versus 6.2 cents for Kodiak Gas Services.
- Kodiak Gas Services grew revenue faster in its latest fiscal year (+12.83% vs +6.61%).
About Kodiak Gas Services
KGS stock →Kodiak Gas Services, Inc. operates and provides contract compression infrastructure for customers in the oil and gas industry in the United States.
Utilities · Natural Gas Distribution · 1,300 employees
About Western Midstream Partners
WES stock →Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water.
Utilities · Natural Gas Distribution · 1,704 employees
KGS vs WES FAQ
Which is bigger, Kodiak Gas Services or Western Midstream Partners?
Western Midstream Partners (WES) is larger, with a market capitalization of $18.85B compared with $5.41B for Kodiak Gas Services (KGS).
Which stock has performed better over the past year, KGS or WES?
KGS returned +52.08% over the past 12 months, compared with +16.86% for WES (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KGS or WES?
WES has the lower trailing P/E at 14.5, versus 62.2 for KGS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Kodiak Gas Services or Western Midstream Partners?
Western Midstream Partners has the higher yield at 8.07%, compared with 3.67% for Kodiak Gas Services.
Are Kodiak Gas Services and Western Midstream Partners in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.