Growth & profitability
- Revenue has grown 13.5% per year over the past 5 years.
- Free cash flow has declined 8.7% per year over the past 5 years.
Financial health
- Total debt has grown slower than revenue (-38.5% vs 13.5% per year).
NCSM Financials NCS Multistage Holdings, Inc.
11 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $184M | $24M | 0.0% | 5.7% | $21M | — | $37M |
| 2024 | $163M | $7M | 0.0% | 2.7% | $11M | — | $26M |
| 2023 | $142M | -$3M | 39.0% | -3.9% | $3M | — | $17M |
| 2022 | — | -$1M | — | — | -$2M | — | $16M |
| 2021 | — | -$5M | — | — | $11M | $8M | $22M |
| 2020 | — | -$58M | — | — | $33M | $6M | $16M |
| 2019 | — | -$33M | — | — | $12M | $13M | $11M |
| 2018 | — | -$190M | — | — | $3M | $22M | $25M |
| 2017 | — | $2M | — | — | $11M | $25M | $34M |
| 2016 | — | -$18M | — | — | $10M | $89M | $18M |
| 2015 | — | $28M | — | — | $3M | — | $10M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $46M | -$371000 | 0.0% | 1.9% | $689000 | — | $34M |
| Dec '25 | $51M | $15M | 0.0% | 10.3% | $13M | — | $37M |
| Sep '25 | $47M | $4M | 0.0% | 6.6% | $7M | — | $25M |
| Jun '25 | $36M | $924000 | 0.0% | -5.6% | $3M | — | $25M |
| Mar '25 | $50M | $4M | 0.0% | 8.6% | -$2M | — | $23M |
| Dec '24 | $45M | $3M | 0.0% | 6.5% | $10M | — | $26M |
| Sep '24 | $44M | $4M | 0.0% | 6.9% | -$2M | — | $15M |
| Jun '24 | $30M | -$3M | 0.0% | -14.0% | $6M | — | $19M |
| Mar '24 | $44M | $2M | 0.0% | 5.7% | -$2M | — | $14M |
| Dec '23 | $35M | $40M | 36.6% | -4.4% | $6M | — | $17M |
| Sep '23 | $38M | $4M | 41.0% | 4.9% | -$957000 | — | $11M |
| Jun '23 | $25M | -$32M | 33.3% | -28.1% | -$139000 | — | $14M |
| Mar '23 | $44M | -$15M | 42.6% | 2.9% | -$2M | — | $14M |
| Dec '22 | — | $2M | — | — | $7M | — | $16M |
| Sep '22 | — | $4M | — | — | -$4M | — | $10M |
| Jun '22 | — | -$5M | — | — | $674000 | — | $15M |
| Mar '22 | — | -$2M | — | — | -$6M | — | $16M |
| Dec '21 | — | $2M | — | — | $5M | $8M | $22M |
| Sep '21 | — | $3M | — | — | $6M | $8M | $18M |
| Jun '21 | — | -$6M | — | — | $3M | $6M | $14M |
Valuation over time
How the market has priced NCSM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 10.2× (Dec '24) to 5.1× (Jun '26).
- The price-to-sales ratio has risen from 0.3× (Jan '24) to 0.7× (Jun '26).
P/E
P/S
Frequently asked questions
Is NCSM growing its revenue and profit?
Over the past 5 years, NCS Multistage Holdings, Inc.'s revenue has grown 13.5% per year. These are computed facts, not advice.
How much debt does NCSM have?
As of FY2025, NCS Multistage Holdings, Inc. reported — of total debt against $37M of cash.
What is NCSM's profit margin?
In FY2025, gross margin was —, operating margin 5.7%, and net margin 12.9%.
What is NCSM's P/E ratio?
As of Jun '26, NCS Multistage Holdings, Inc. traded at a price-to-earnings ratio of about 5.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.