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NCS Multistage Holdings

NCSM

NCS Multistage Holdings, Inc. is a leading provider of highly engineered products and support services designed to optimize oil and natural gas well construction, completion, and field development.

Market cap
$120.73M+58.2%
Revenue$179.3M+6.3%
Net income$23.3M+132%
Free cash flow$23.8M+102%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$37.6M
EPS estimate-$0.88

Financials

Q1 2026

Income statement

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Revenue$45.6M-8.7%
Net income$1.7M-60.9%

Balance sheet

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Cash & equivalents$34.5M+49.8%
Total debt$12.1M-13.2%
Total equity$124.8M+21.0%
Total assets$174.6M+12.5%

Cash flow

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Operating cash flow$1.3M+178%
CapEx$591.0K+27.4%
Free cash flow$689.0K+133%

Valuation & ratios

Valuation

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Market cap$120.73M+58.2%
Enterprise value$98.39M+49.5%
P/E5.2×-0.1×
P/S0.7×+0.2×

Profitability

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Net margin13%+7.1pp
FCF margin13.3%

Returns & leverage

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Return on equity20.5%+10.3pp
Debt / equity0.1×0.0×
Current ratio5.3×+0.8×

Segments

By geography

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CA$23.2M-38.5%
US$19.1M+104%

By product

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Service$13.1M-12.6%

Competitors

Profile

NCS Multistage Holdings, Inc. is a leading provider of highly engineered products and support services designed to optimize oil and natural gas well construction, completion, and field development. The company specializes in pinpoint stimulation technologies that enable precise placement of treatments in horizontal laterals for both unconventional and conventional formations. Their value proposition centers on improving customer efficiency and profitability through innovative downhole solutions and reservoir characterization.

Competitive position

A leading provider of pinpoint stimulation technology with a significant patent portfolio and a strong market presence in the Canadian and U.S. unconventional resource basins.

GeographiesUnited States, Canada, Middle East, North Sea, Argentina, Mexico
Customer segmentsExploration and Production (E&P) Companies, Oilfield Service Providers
Business modelManufacturing, Technical Services, Intellectual Property Licensing
SuppliersSteel suppliers, Machine shops, Chemical manufacturers, Electronic component suppliers, Elastomer providers
CustomersIndependent oil and gas producers, Integrated major oil companies, Coiled tubing service providers, Pressure pumping companies
Listed2017
Employees243.0
CEORyan Hummer
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is NCS Multistage Holdings's market cap?
NCS Multistage Holdings (NCSM) has a market capitalization of $120.7M and trades on NASDAQ.
What is NCS Multistage Holdings's revenue and profitability?
NCS Multistage Holdings generated $179.3M in trailing twelve-month revenue with net income of $23.3M, representing a net margin of 13.0%. Gross margin stands at 39.0%, with free cash flow of $23.8M. These figures are based on the Q1 2026 filing.
Who are NCS Multistage Holdings's competitors?
NCS Multistage Holdings's key competitors include Halliburton Company, Forum Energy Technologies, Inc., Nine Energy Service, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does NCS Multistage Holdings have?
NCS Multistage Holdings's subsidiaries include Repeat Precision, LLC, Reservoir Metrics, LLC.
Where is NCS Multistage Holdings headquartered?
NCS Multistage Holdings is headquartered in United States of America and employs approximately 243 people. It has been publicly traded since 2017.