NCS Multistage Holdings (NCSM) Operating Expenses (2016 - 2026)

NCS Multistage Holdings (NCSM) recorded quarterly Operating Expenses of $17.6 million in Q1 2026, down 3.91% quarter-over-quarter from $18.3 million in Q4 2025, and up 2.02% on a YoY basis from $17.3 million in Q1 2025.

NCS Multistage Holdings (NCSM) Operating Expenses (2016 - 2026) Analysis & Trends

NCS Multistage Holdings' Operating Expenses history runs 11 years deep, the most recent figure standing at $17.6 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 2.02% year-over-year to $17.6 million; the TTM figure through Mar 2026 stood at $67.4 million (up 2.66% YoY), while the FY2025 annual figure was $66.3 million, up 7.16% from the prior year.
  • Operating Expenses was $17.6 million for Q1 2026 at NCS Multistage Holdings, down from $18.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $18.3 million in Q4 2025 to a low of $12.1 million in Q4 2023.
  • Historically, Operating Expenses has averaged $15.6 million across 5 years, with a median of $15.9 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses declined 16.26% in 2022, then jumped 33.03% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $12.1 million in 2022, then slipped by 0.45% to $12.1 million in 2023, then soared by 33.03% to $16.1 million in 2024, then climbed by 14.11% to $18.3 million in 2025, then dropped by 3.91% to $17.6 million in 2026.
  • The last three Operating Expenses figures came in at $17.6 million (Q1 2026), $18.3 million (Q4 2025), and $16.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 84.87 Bn 82.65 Bn 4.67 Bn 261.00 Mn
2 Baker Hughes 64.22 Bn 49.63 Bn 1.51 Bn 732.00 Mn
3 Halliburton 33.79 Bn 31.83 Bn 2.04 Bn 4.72 Bn
4 TechnipFMC 27.48 Bn 26.21 Bn 1.49 Bn 2.14 Bn
5 Enerflex 8.86 Bn 8.80 Bn - -76.01 Mn
6 Nov 7.63 Bn 6.35 Bn 119.00 Mn 9.00 Mn
7 Weatherford International 7.43 Bn 6.38 Bn 876.00 Mn 1.03 Bn
8 Archrock 6.08 Bn 6.07 Bn 247.42 Mn 45.83 Mn
9 Kodiak Gas Services 5.81 Bn 5.72 Bn 222.88 Mn 238.95 Mn
10 NCS Multistage Holdings 144.62 Mn 129.13 Mn 18.17 Mn 17.61 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 17.61 Mn
Dec 31, 2025 18.32 Mn
Sep 30, 2025 16.75 Mn
Jun 30, 2025 14.71 Mn
Mar 31, 2025 17.26 Mn
Dec 31, 2024 16.06 Mn
Sep 30, 2024 15.87 Mn
Jun 30, 2024 16.46 Mn
Mar 31, 2024 14.80 Mn
Dec 31, 2023 12.07 Mn
Sep 30, 2023 13.67 Mn
Jun 30, 2023 15.43 Mn
Mar 31, 2023 17.09 Mn
Dec 31, 2022 12.13 Mn
Sep 30, 2022 15.80 Mn
Jun 30, 2022 14.68 Mn
Mar 31, 2022 16.95 Mn
Dec 31, 2021 14.48 Mn
Sep 30, 2021 11.97 Mn
Jun 30, 2021 12.76 Mn