NCS Multistage Holdings (NCSM) Gross Margin (2016 - 2026)
NCS Multistage Holdings (NCSM) posted quarterly Gross Margin of 36.35% for Q2 2026, up 70.0% year-over-year from 21.38% in Q2 2025, and down 8.69% on a QoQ basis from 39.82% in Q1 2026.
NCS Multistage Holdings (NCSM) Gross Margin (2016 - 2026) Analysis & Trends
NCS Multistage Holdings has reported Gross Margin for 11 years, with the latest figure at 36.35% in Q2 2026.
- Gross Margin for Q2 2026 came in at 36.35%, up 70.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 40.12% (down 135.0% YoY), and the FY2025 annual result was 41.08%, down 42.0% from the prior year.
- Gross Margin declined to 36.35% in Q2 2026, from 39.82% in the prior quarter.
- Over five years, Gross Margin peaked at 43.71% in Q1 2025 and troughed at 32.56% in Q2 2022.
- A 5-year average of 39.48% and a median of 40.19% in 2024 frame the typical range for Gross Margin.
- The widest annual swing landed in 2024, when Gross Margin surged 699 bps; it then plunged 466 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 40.01% in 2022, then declined by 9 bps to 36.56% in 2023, then advanced by 18 bps to 43.08% in 2024, then retreated by 3 bps to 41.79% in 2025, then dropped by 13 bps to 36.35% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 36.35% in Q2 2026, 39.82% in Q1 2026, and 41.79% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 23.46% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 50.62% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 36.80% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 24.41% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 59.91% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 63.09% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 65.86% |
| 10 | NCS Multistage Holdings | 135.29 Mn | 103.97 Mn | 13.95 Mn | 36.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 36.35% |
| 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% |