NCS Multistage Holdings (NCSM) Operating Margin (2016 - 2026)
NCS Multistage Holdings (NCSM) posted quarterly Operating Margin of 14.6% for Q2 2026, down 904.0% year-over-year from 1.82% in Q2 2025, and down 885.99% on a QoQ basis from 1.86% in Q1 2026.
NCS Multistage Holdings (NCSM) Operating Margin (2016 - 2026) Analysis & Trends
NCS Multistage Holdings has reported Operating Margin for 11 years, with the latest figure at 14.6% in Q2 2026.
- Operating Margin for Q2 2026 came in at 14.6%, down 904.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 1.95% (down 275.0% YoY), and the FY2025 annual result was 5.74%, up 308.0% from the prior year.
- Operating Margin slipped to 14.6% in Q2 2026, from 1.86% in the prior quarter.
- Over five years, Operating Margin peaked at 10.31% in Q4 2025 and troughed at 28.08% in Q2 2023.
- A 5-year average of 1.48% and a median of 3.73% in 2023 frame the typical range for Operating Margin.
- The widest annual swing landed in 2024, when Operating Margin jumped 1410 bps; it then sank 904 bps in 2026.
- A 5-year view of Operating Margin shows it stood at 4.51% in 2022, then tumbled by 198 bps to 4.41% in 2023, then jumped by 248 bps to 6.53% in 2024, then jumped by 58 bps to 10.31% in 2025, then plunged by 242 bps to 14.6% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 14.6% in Q2 2026, 1.86% in Q1 2026, and 10.31% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 48.02% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 12.74% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | 16.32% |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | -31.83% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 13.62% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 12.28% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 9.68% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 31.76% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 55.10% |
| 10 | NCS Multistage Holdings | 135.29 Mn | 103.97 Mn | 13.95 Mn | -14.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -14.60% |
| Mar 31, 2026 | 1.86% |
| Dec 31, 2025 | 10.31% |
| Sep 30, 2025 | 6.58% |
| Jun 30, 2025 | -5.57% |
| Mar 31, 2025 | 8.58% |
| Dec 31, 2024 | 6.53% |
| Sep 30, 2024 | 6.90% |
| Jun 30, 2024 | -13.98% |
| Mar 31, 2024 | 5.70% |
| Dec 31, 2023 | -4.41% |
| Sep 30, 2023 | 4.90% |
| Jun 30, 2023 | -28.08% |
| Mar 31, 2023 | 2.94% |
| Dec 31, 2022 | 4.51% |
| Sep 30, 2022 | 8.28% |
| Jun 30, 2022 | -21.52% |
| Mar 31, 2022 | -5.63% |
| Dec 31, 2021 | 3.55% |
| Sep 30, 2021 | 8.15% |