NCS Multistage Holdings (NCSM) Operating Expenses (2016 - 2026)
NCS Multistage Holdings (NCSM) posted Operating Expenses of $19.9 million for Q2 2026, up 12.79% on a QoQ basis from $17.6 million in Q1 2026, and up 28.64% year-over-year from $15.4 million in Q2 2025.
Analysis
NCS Multistage Holdings (NCSM) Operating Expenses (2016 - 2026) Analysis & Trends
NCS Multistage Holdings has reported Operating Expenses for 11 years, with the latest figure at $19.9 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 28.64% year-over-year to $19.9 million in Q2 2026; TTM through Jun 2026 was $70.3 million, a 6.45% increase from a year earlier, with the FY2025 full-year figure at $66.3 million, up 2.71% from the prior year.
- Operating Expenses was $19.9 million for Q2 2026 at NCS Multistage Holdings, up from $17.6 million in the prior quarter.
- The five-year high for Operating Expenses was $19.9 million in Q2 2026, with the low at $13.7 million in Q3 2023.
- Average Operating Expenses over 5 years is $16.1 million, with a median of $16.2 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 35.88% in 2022, then decreased 15.93% in 2023.
- Over 5 years, Operating Expenses stood at $14.1 million in 2022, then rose by 1.26% to $14.3 million in 2023, then advanced by 17.45% to $16.8 million in 2024, then fell by 4.0% to $16.1 million in 2025, then rose by 23.38% to $19.9 million in 2026.
- The last three Operating Expenses figures came in at $19.9 million (Q2 2026), $17.6 million (Q1 2026), and $16.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | TechnipFMC | 30.87 Bn | 29.63 Bn | 1.40 Bn | 2.28 Bn |
| 2 | Nov | 7.72 Bn | 6.56 Bn | 521.00 Mn | 1.04 Bn |
| 3 | Cactus | 4.82 Bn | 4.46 Bn | 215.38 Mn | 365.95 Mn |
| 4 | Enerflex | 2.77 Bn | 2.69 Bn | 139.00 Mn | 81.00 Mn |
| 5 | Innovex International | 2.06 Bn | 1.83 Bn | 83.65 Mn | 50.20 Mn |
| 6 | Forum Energy Technologies | 911.33 Mn | 877.61 Mn | 71.35 Mn | 50.85 Mn |
| 7 | Flowco Holdings | 898.72 Mn | 898.72 Mn | 49.17 Mn | 79.71 Mn |
| 8 | Oil States International | 509.94 Mn | 490.13 Mn | 38.71 Mn | 144.95 Mn |
| 9 | OMS Energy Technologies | 197.41 Mn | 43.45 Mn | - | - |
| 10 | NCS Multistage Holdings | 140.02 Mn | 129.24 Mn | 13.95 Mn | 19.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.86 Mn |
| Mar 31, 2026 | 17.61 Mn |
| Dec 31, 2025 | 16.10 Mn |
| Sep 30, 2025 | 16.75 Mn |
| Jun 30, 2025 | 15.44 Mn |
| Mar 31, 2025 | 17.97 Mn |
| Dec 31, 2024 | 16.77 Mn |
| Sep 30, 2024 | 15.87 Mn |
| Jun 30, 2024 | 16.46 Mn |
| Mar 31, 2024 | 15.41 Mn |
| Dec 31, 2023 | 14.28 Mn |
| Sep 30, 2023 | 13.67 Mn |
| Jun 30, 2023 | 15.43 Mn |
| Mar 31, 2023 | 17.09 Mn |
| Dec 31, 2022 | 14.10 Mn |
| Sep 30, 2022 | 16.26 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 |