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| Date | Value |
|---|---|
| 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 |