NCS Multistage Holdings (NCSM) Gross Margin (2016 - 2026)
NCS Multistage Holdings (NCSM) recorded quarterly Gross Margin of 39.82% in Q1 2026, down 4.73% quarter-over-quarter from 41.79% in Q4 2025, and down 389.0% on a YoY basis from 13.78% in Q1 2025.
NCS Multistage Holdings (NCSM) Gross Margin (2016 - 2026) Analysis & Trends
NCS Multistage Holdings' Gross Margin history runs 11 years deep, the most recent figure standing at 39.82% for Q1 2026.
- In Q1 2026, Gross Margin fell 389.0% year-over-year to 39.82%; the TTM figure through Mar 2026 stood at 40.02% (down 251.0% YoY), while the FY2025 annual figure was 41.08%, down 42.0% from the prior year.
- Gross Margin was 39.82% for Q1 2026 at NCS Multistage Holdings, down from 41.79% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 43.71% in Q1 2025 to a low of 32.56% in Q2 2022.
- Historically, Gross Margin has averaged 39.67% across 5 years, with a median of 40.32% in 2024.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 699 bps in 2024, then sank 466 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 40.01% in 2022, then fell by 9 bps to 36.56% in 2023, then climbed by 18 bps to 43.08% in 2024, then decreased by 3 bps to 41.79% in 2025, then decreased by 5 bps to 39.82% in 2026.
- The last three Gross Margin figures came in at 39.82% (Q1 2026), 41.79% (Q4 2025), and 41.71% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 83.64 Bn | 81.43 Bn | 4.67 Bn | 53.57% |
| 2 | Baker Hughes | 63.03 Bn | 48.45 Bn | 1.51 Bn | 22.98% |
| 3 | Halliburton | 33.15 Bn | 31.20 Bn | 2.04 Bn | 37.69% |
| 4 | TechnipFMC | 27.40 Bn | 26.13 Bn | 1.49 Bn | 59.67% |
| 5 | Enerflex | 8.81 Bn | 8.75 Bn | - | - |
| 6 | Nov | 7.52 Bn | 6.24 Bn | 119.00 Mn | 5.80% |
| 7 | Weatherford International | 7.29 Bn | 6.24 Bn | 876.00 Mn | 76.04% |
| 8 | Archrock | 6.12 Bn | 6.11 Bn | 247.42 Mn | 66.20% |
| 9 | Kodiak Gas Services | 5.77 Bn | 5.68 Bn | 222.88 Mn | 64.46% |
| 10 | NCS Multistage Holdings | 141.52 Mn | 126.03 Mn | 18.17 Mn | 39.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.82% |
| Dec 31, 2025 | 41.79% |
| Sep 30, 2025 | 41.71% |
| Jun 30, 2025 | 35.66% |
| Mar 31, 2025 | 43.71% |
| Dec 31, 2024 | 43.08% |
| Sep 30, 2024 | 42.11% |
| Jun 30, 2024 | 40.32% |
| Mar 31, 2024 | 40.06% |
| Dec 31, 2023 | 36.56% |
| Sep 30, 2023 | 41.05% |
| Jun 30, 2023 | 33.33% |
| Mar 31, 2023 | 42.57% |
| Dec 31, 2022 | 40.01% |
| Sep 30, 2022 | 41.90% |
| Jun 30, 2022 | 32.56% |
| Mar 31, 2022 | 38.12% |
| Dec 31, 2021 | 44.11% |
| Sep 30, 2021 | 45.59% |
| Jun 30, 2021 | 35.11% |