NCS Multistage Holdings (NCSM) Gross Margin (2016 - 2026)
NCS Multistage Holdings (NCSM) posted Gross Margin of 36.35% for Q2 2026, down 8.69% on a QoQ basis from 39.82% in Q1 2026, and up 70.0% year-over-year from 21.38% in Q2 2025.
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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.
- On a quarterly basis, Gross Margin rose 70.0% year-over-year to 36.35% in Q2 2026; TTM through Jun 2026 was 40.12%, a 135.0% decrease from a year earlier, with the FY2025 full-year figure at 41.08%, down 42.0% from the prior year.
- Gross Margin was 36.35% for Q2 2026 at NCS Multistage Holdings, down from 39.82% in the prior quarter.
- The five-year high for Gross Margin was 43.71% in Q1 2025, with the low at 32.56% in Q2 2022.
- Average Gross Margin over 5 years is 39.48%, with a median of 40.19% recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Gross Margin soared 699 bps in 2024, then plunged 466 bps in 2025.
- Over 5 years, Gross Margin stood at 40.01% in 2022, then retreated by 9 bps to 36.56% in 2023, then grew by 18 bps to 43.08% in 2024, then slipped by 3 bps to 41.79% in 2025, then fell by 13 bps to 36.35% in 2026.
- The last three Gross Margin figures came in at 36.35% (Q2 2026), 39.82% (Q1 2026), and 41.79% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | TechnipFMC | 30.87 Bn | 29.63 Bn | 1.40 Bn | 50.62% |
| 2 | Nov | 7.72 Bn | 6.56 Bn | 521.00 Mn | 24.41% |
| 3 | Cactus | 4.82 Bn | 4.46 Bn | 215.38 Mn | 47.91% |
| 4 | Enerflex | 2.77 Bn | 2.69 Bn | 139.00 Mn | 23.88% |
| 5 | Innovex International | 2.06 Bn | 1.83 Bn | 83.65 Mn | 34.16% |
| 6 | Forum Energy Technologies | 911.33 Mn | 877.61 Mn | 71.35 Mn | 31.54% |
| 7 | Flowco Holdings | 898.72 Mn | 898.72 Mn | 49.17 Mn | 20.85% |
| 8 | Oil States International | 509.94 Mn | 490.13 Mn | 38.71 Mn | 24.71% |
| 9 | OMS Energy Technologies | 197.41 Mn | 43.45 Mn | - | - |
| 10 | NCS Multistage Holdings | 140.02 Mn | 129.24 Mn | 13.95 Mn | 36.35% |
Historic Data
Download Data
Historic 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% |