NCS Multistage Holdings (NCSM) Financial Statements & Analysis

NCS Multistage Holdings (NCSM) Income Statement

NCS Multistage Holdings reported revenue of $183.63M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 13.0% from $162.56M a year earlier. Net income was $23.75M, up 260.2% year over year, a net margin of 12.9%. Gross margin was 37.9% and operating margin 5.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $38.36M, up 5.2% from the same quarter a year earlier.

NCS Multistage Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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NCS Multistage Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	183.63	162.56	142.47	155.63	118.50	106.98	205.49	226.96	201.63
Cost of Revenue	114.09	95.10	86.87	99.55	74.53	68.80	118.47	126.14	126.44
Gross Profit	69.54	67.46	55.60	56.09	43.97	38.18	87.02	100.82	75.19
Operating Expenses
Research & Development	2.00	2.00	2.50	2.70	2.10	0.00	0.00	3.80	3.00
Selling, General & Administrative	58.85	57.82	54.62	58.34	49.09	59.43	88.55	82.81	64.71
Operating Expenses	58.85	63.14	61.13	58.34	49.09	109.62	96.51	82.81	64.71
Operating Income	10.70	4.33	-5.53	-2.25	-5.12	-71.44	-9.49	-206.66	4.96
Other Income/Expense
Interest Income	0.00	0.34	0.06	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.25	-0.75	-0.64	1.02	0.73	1.80	1.93	1.96	4.31
Other Income/Expense	6.38	3.93	2.19	1.65	1.60	24.55	-2.58	-1.62	-3.00
Income
Income Before Tax	16.82	8.25	-3.34	-0.60	-3.52	-46.89	-12.07	-208.28	1.96
Income Tax Expense	-9.22	0.12	-0.23	0.35	0.26	-7.78	10.75	-23.05	0.67
Net Income	23.75	6.59	-3.15	-1.10	-4.73	-57.60	-32.82	-190.32	2.10
Net Income - Continuous Operations	26.04	8.14	-3.15	-1.10	-4.73	-57.60	-32.82	-190.32	2.10
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	22.96	9.64	0.99	4.73	1.72	-39.20	0.30	-188.48	39.14
EBIT	17.07	4.33	-3.63	0.41	-2.78	-14.79	-	-	-
Depreciation & Amortization	5.89	5.32	4.62	4.32	4.50	5.89	10.44	17.84	27.65
Earnings Per Share
Basic EPS	9.00	3.00	-1.00	-	-2.00	-24.00	-10.00	-85.00	1.00
Diluted EPS	9.00	3.00	-1.00	-	-2.00	-24.00	-10.00	-85.00	1.00
Basic Shares Outstanding	2.59	2.54	2.47	2.43	2.40	2.36	2.33	2.24	2.02
Diluted Shares Outstanding	2.75	2.59	2.47	2.43	2.40	2.36	2.33	2.24	2.18

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About NCS Multistage Holdings Financial Statements

What was NCS Multistage Holdings's revenue in fiscal 2025?

NCS Multistage Holdings reported revenue of $183.63M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 13.0% from $162.56M a year earlier.

Is NCS Multistage Holdings profitable?

Yes. NCS Multistage Holdings earned net income of $23.75M in fiscal 2025, a net margin of 12.9%. In fiscal 2024 it earned $6.59M.

What is NCS Multistage Holdings's operating margin?

NCS Multistage Holdings's operating income was $10.70M on revenue of $183.63M in fiscal 2025, an operating margin of 5.8%, compared with 2.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition