What is NCS Multistage's operating income?

NCS Multistage's total operating income in 2025 was $10.54 million, based on the following breakdown: Total Gross Profit: $75.43 million Total Operating Expenses: $64.89 million

NCS Multistage (NCSM) Financials

$44.48 -1.49 (-3.24%)

Closing price 07/9/2026 04:00 PM Eastern

Extended Trading

$45.08 +0.61 (+1.36%)

As of 07/9/2026 04:10 PM Eastern

Compare

Annual Income Statements for NCS Multistage

This table shows NCS Multistage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	28	-18	2.10	-190	-33	-58	-4.73	-1.10	-3.15	6.59	24
Consolidated Net Income / (Loss)	28	-18	1.29	-185	-23	-39	-3.78	-0.95	-3.11	8.14	26
Net Income / (Loss) Continuing Operations	28	-18	1.29	-185	-23	-39	-3.78	-0.95	-3.11	8.14	26
Total Pre-Tax Income	12	-27	1.96	-208	-12	-47	-3.52	-0.60	-3.34	8.25	17
Total Operating Income	-5.78	-18	4.96	-207	-9.49	-71	-5.12	-2.25	-5.53	4.33	11
Total Gross Profit	59	45	103	119	97	44	48	60	56	67	75
Total Revenue	114	98	202	227	205	107	119	156	142	163	184
Operating Revenue	114	98	202	227	205	107	119	156	142	163	184
Total Cost of Revenue	55	54	99	108	108	63	70	95	87	95	108
Operating Cost of Revenue	55	54	99	108	108	63	70	-	87	95	108
Total Operating Expenses	65	63	98	325	107	116	54	63	61	63	65
Selling, General & Admin Expense	38	37	65	83	89	59	49	58	57	58	59
Depreciation Expense	2.70	1.77	3.19	4.75	5.88	4.43	3.83	3.65	3.95	4.60	4.99
Amortization Expense	25	24	24	13	4.56	1.47	0.67	0.67	0.67	0.72	0.89
Other Special Charges / (Income)	-	-	5.53	-2.87	0.04	0.00	-	-	-	0.00	0.16
Total Other Income / (Expense), net	18	-8.76	-3.00	-1.62	-2.58	25	1.60	1.65	2.19	3.93	6.28
Interest & Investment Income	-8.06	-6.29	-4.31	-1.96	-1.93	-1.80	-0.73	-1.02	-0.59	-0.41	-0.25
Other Income / (Expense), net	26	-2.48	1.31	0.34	-0.65	26	2.34	2.67	2.77	4.34	6.53
Income Tax Expense	-16	-8.82	0.67	-23	11	-7.78	0.26	0.35	-0.23	0.12	-9.22
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-0.81	5.09	10	18	0.96	0.15	0.04	1.55	2.29
Basic Earnings per Share	$0.88	($0.53)	$0.05	($85.00)	($14.08)	($24.37)	($1.98)	($0.45)	($1.27)	$2.60	$9.17
Weighted Average Basic Shares Outstanding	29.97M	34.01M	40.48M	2.24M	2.33M	2.36M	2.40M	2.43M	2.47M	2.54M	2.59M
Diluted Earnings per Share	$0.86	($0.53)	$0.05	($85.00)	($14.08)	($24.37)	($1.98)	($0.45)	($1.27)	$2.55	$8.65
Weighted Average Diluted Shares Outstanding	32.43M	34.01M	43.58M	2.24M	2.33M	2.36M	2.40M	2.43M	2.47M	2.59M	2.75M
Weighted Average Basic & Diluted Shares Outstanding	-	-	42M	46.67M	46.81M	2.36M	2.41M	2.44M	2.49M	2.54M	2.55M

This table shows NCS Multistage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	4.41	40	2.07	-3.10	4.15	3.47	4.06	0.92	3.81	15	-0.37
Consolidated Net Income / (Loss)	4.11	40	2.55	-2.84	4.70	3.72	4.45	1.70	4.24	16	1.74
Net Income / (Loss) Continuing Operations	4.11	40	2.55	-2.84	4.70	3.72	4.45	1.70	4.24	16	1.74
Total Pre-Tax Income	3.58	40	3.04	-2.57	4.67	3.11	5.13	0.67	3.69	7.33	2.58
Total Operating Income	1.87	-1.56	2.50	-4.15	3.04	2.94	4.29	-2.03	3.06	5.22	0.85
Total Gross Profit	16	13	18	12	19	19	22	13	19	21	18
Total Revenue	38	35	44	30	44	45	50	36	47	51	46
Operating Revenue	38	35	44	30	44	45	50	36	47	51	46
Total Cost of Revenue	23	22	26	18	25	26	28	23	27	29	27
Operating Cost of Revenue	23	22	26	18	25	26	28	23	27	29	27
Total Operating Expenses	14	14	15	16	15	16	18	15	16	16	17
Selling, General & Admin Expense	13	13	14	15	14	15	16	14	15	14	16
Depreciation Expense	1.00	1.06	1.07	1.13	1.19	1.21	1.20	1.24	1.28	1.28	1.29
Amortization Expense	0.17	0.17	0.17	0.17	0.17	0.21	0.17	0.17	0.26	0.30	0.30
Total Other Income / (Expense), net	1.70	41	0.54	1.58	1.63	0.18	0.84	2.70	0.63	2.12	1.73
Interest & Investment Income	-0.03	-0.14	-0.10	-0.12	-0.11	-0.09	-0.04	-0.07	-0.10	-0.04	-0.03
Other Income / (Expense), net	1.73	42	0.64	1.70	1.74	0.27	0.88	2.76	0.73	2.16	1.75
Income Tax Expense	-0.54	0.06	0.49	0.27	-0.04	-0.61	0.67	-1.03	-0.55	-8.31	0.83
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.30	0.21	0.48	0.26	0.56	0.25	0.40	0.77	0.43	0.68	2.11
Basic Earnings per Share	$1.78	$16.07	$0.83	($1.21)	$1.63	$1.35	$1.58	$0.36	$1.47	$5.76	($0.14)
Weighted Average Basic Shares Outstanding	2.48M	2.47M	2.51M	2.55M	2.55M	2.54M	2.57M	2.59M	2.59M	2.59M	2.63M
Diluted Earnings per Share	$1.77	$16.08	$0.82	($1.21)	$1.60	$1.34	$1.51	$0.34	$1.37	$5.43	($0.14)
Weighted Average Diluted Shares Outstanding	2.49M	2.47M	2.54M	2.55M	2.59M	2.59M	2.69M	2.73M	2.78M	2.75M	2.63M
Weighted Average Basic & Diluted Shares Outstanding	2.44M	2.49M	2.50M	2.50M	2.50M	2.54M	2.54M	2.54M	2.54M	2.55M	2.62M

This table details how cash moves in and out of NCS Multistage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-11	8.73	16	-8.68	-14	4.30	6.62	-5.93	0.49	9.16	11
Net Cash From Operating Activities	4.37	11	16	14	18	35	12	-1.42	4.77	13	22
Net Cash From Continuing Operating Activities	4.37	11	16	14	18	35	12	-1.42	4.77	13	22
Net Income / (Loss) Continuing Operations	28	-18	1.29	-185	-23	-39	-3.78	-0.95	-3.11	8.14	26
Consolidated Net Income / (Loss)	28	-18	1.29	-185	-23	-39	-3.78	-0.95	-3.11	8.14	26
Depreciation Expense	27	26	28	18	10	5.89	4.50	4.32	4.62	5.32	5.89
Amortization Expense	0.95	0.74	0.44	0.33	0.31	0.30	0.28	0.23	0.20	0.21	0.22
Non-Cash Adjustments To Reconcile Net Income	-23	6.20	5.74	241	22	57	8.15	8.95	7.08	8.31	4.85
Changes in Operating Assets and Liabilities, net	-29	-3.90	-19	-59	8.52	11	2.43	-14	-4.02	-9.25	-15
Net Cash From Investing Activities	-1.22	-1.84	-85	-15	-5.00	-1.06	-0.44	-0.70	-1.68	0.48	-6.29
Net Cash From Continuing Investing Activities	-1.22	-1.84	-85	-15	-5.00	-1.06	-0.44	-0.70	-1.68	0.48	-6.29
Purchase of Property, Plant & Equipment	-0.89	-1.16	-5.42	-16	-6.37	-2.15	-0.83	-1.13	-1.88	-1.31	-1.20
Acquisitions	-	-	-81	-	-	-	-	-	-0.31	-0.07	-5.86
Sale of Property, Plant & Equipment	0.42	0.32	0.35	0.40	1.37	1.09	0.39	0.43	0.51	0.59	0.77
Other Investing Activities, net	-0.76	-	-	-	-	-	-	-	0.00	1.27	0.00
Net Cash From Financing Activities	-13	-0.32	84	-5.13	-27	-30	-4.27	-2.74	-2.44	-4.27	-5.30
Net Cash From Continuing Financing Activities	-13	-0.32	84	-5.13	-27	-30	-4.27	-2.74	-2.44	-4.27	-5.30
Repayment of Debt	-53	-	-96	-11	-16	-17	-1.68	-14	-12	-3.06	-2.39
Payment of Dividends	-	-	-	-2.30	-6.00	-18	-2.75	0.00	-0.50	-2.05	-2.70
Issuance of Debt	-	-	30	7.35	0.00	5.00	0.36	12	12	3.06	2.34
Other Financing Activities, net	-	-	1.54	0.92	-6.44	-0.16	-0.20	-0.38	-1.89	-2.22	-2.55
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-0.16	0.23	0.27
Cash Interest Paid	9.38	5.45	3.02	1.37	1.07	0.93	0.42	0.56	0.38	0.17	0.08
Cash Income Taxes Paid	20	0.13	4.03	22	0.12	-1.92	-3.53	-0.30	-0.14	0.43	1.61

This table details how cash moves in and out of NCS Multistage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-2.35	5.32	-2.72	4.61	-3.28	11	-2.88	2.38	-0.08	11	-2.27
Net Cash From Operating Activities	-0.40	6.22	-1.88	5.98	-2.02	11	-1.65	3.52	7.17	13	1.28
Net Cash From Continuing Operating Activities	-0.40	6.22	-1.88	5.98	-2.02	11	-1.65	3.52	7.17	13	1.28
Net Income / (Loss) Continuing Operations	4.11	40	2.55	-2.84	4.70	3.72	4.45	1.70	4.24	16	1.74
Consolidated Net Income / (Loss)	4.11	40	2.55	-2.84	4.70	3.72	4.45	1.70	4.24	16	1.74
Depreciation Expense	1.17	1.22	1.24	1.30	1.36	1.42	1.37	1.40	1.54	1.58	1.60
Amortization Expense	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.06	0.06
Non-Cash Adjustments To Reconcile Net Income	1.95	-40	1.48	1.93	1.53	3.37	0.57	0.15	1.28	2.84	1.34
Changes in Operating Assets and Liabilities, net	-7.68	4.87	-7.20	5.53	-9.66	2.09	-8.09	0.22	0.06	-6.99	-3.46
Net Cash From Investing Activities	-0.54	-0.17	-0.14	-0.26	-0.34	1.21	-0.45	-0.02	-5.59	-0.23	-0.56
Net Cash From Continuing Investing Activities	-0.54	-0.17	-0.14	-0.26	-0.34	1.21	-0.45	-0.02	-5.59	-0.23	-0.56
Purchase of Property, Plant & Equipment	-0.55	-0.18	-0.30	-0.33	-0.45	-0.23	-0.46	-0.28	-0.23	-0.23	-0.59
Acquisitions	-0.10	-0.05	-0.01	-0.04	-0.02	-	0.00	-	-5.82	-0.05	-0.05
Sale of Property, Plant & Equipment	0.11	0.06	0.18	0.12	0.13	0.17	0.01	0.26	0.46	0.04	0.08
Net Cash From Financing Activities	-1.21	-0.96	-0.63	-1.04	-1.01	-1.59	-0.79	-1.45	-1.55	-1.51	-2.94
Net Cash From Continuing Financing Activities	-1.21	-0.96	-0.63	-1.04	-1.01	-1.59	-0.79	-1.45	-1.55	-1.51	-2.94
Repayment of Debt	-4.10	-	-0.60	-2.37	-0.09	-	-1.96	-0.38	-	-0.06	-1.97
Issuance of Debt	3.31	-	1.16	1.82	0.09	-	1.96	0.38	-	-	1.97
Other Financing Activities, net	-0.42	-0.46	-0.69	-0.48	-0.51	-0.54	-0.79	-0.55	-0.55	-0.65	-2.94
Other Net Changes in Cash	-0.20	0.23	-	-	0.08	0.29	0.00	-	-	-	-0.05

This table presents NCS Multistage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	327	464	230	203	139	142	139	152	153	181
Total Current Assets	75	118	115	101	84	88	88	103	106	122
Cash & Equivalents	18	34	25	11	16	22	16	17	26	37
Accounts Receivable	35	49	55	47	30	29	32	28	37	44
Inventories, net	17	33	33	40	35	34	37	42	41	39
Prepaid Expenses	2.45	1.62	2.04	2.44	2.98	3.29	2.82	1.86	2.06	2.03
Plant, Property, & Equipment, net	9.76	24	32	33	24	25	23	0.00	0.00	0.00
Total Noncurrent Assets	242	322	83	69	31	29	28	49	47	59
Goodwill	122	184	23	15	15	15	15	15	15	16
Intangible Assets	119	136	49	45	6.41	5.74	5.08	4.41	3.69	5.99
Noncurrent Deferred & Refundable Income Taxes	-	-	9.33	0.01	0.21	0.24	0.05	0.07	0.42	12
Other Noncurrent Operating Assets	1.27	1.56	1.39	8.53	8.73	7.92	7.28	29	27	25
Total Liabilities & Shareholders' Equity	327	464	230	203	139	142	139	152	153	181
Total Liabilities	149	95	53	39	25	32	29	43	37	38
Total Current Liabilities	18	32	26	20	15	20	18	32	25	29
Short-Term Debt	0.77	5.33	12	1.48	1.35	1.48	1.49	1.81	2.14	3.64
Accounts Payable	10	7.45	7.17	8.55	4.94	7.50	7.55	6.23	8.97	8.52
Accrued Expenses	3.29	6.67	4.08	3.45	3.35	6.32	4.39	3.70	8.35	9.46
Current Deferred & Payable Income Tax Liabilities	-	11	0.18	1.88	0.65	0.29	0.47	0.36	0.68	1.15
Other Current Liabilities	3.22	1.67	1.99	4.42	4.59	4.22	3.80	20	5.27	5.76
Total Noncurrent Liabilities	132	63	28	19	10	12	12	11	11	9.58
Long-Term Debt	88	22	23	11	4.44	6.34	6.44	6.34	6.00	5.26
Noncurrent Deferred & Payable Income Tax Liabilities	43	24	3.13	2.96	0.01	0.11	0.20	0.25	0.19	0.40
Other Noncurrent Operating Liabilities	0.72	17	1.26	4.86	5.85	5.39	5.01	3.99	5.10	3.92
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	177	369	176	164	113	111	109	109	116	143
Total Preferred & Common Equity	177	357	161	145	94	93	91	92	99	126
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	177	357	161	145	94	93	91	92	99	126
Common Stock	238	400	412	425	433	437	440	445	447	450
Retained Earnings	22	24	-166	-199	-257	-261	-262	-266	-259	-235
Treasury Stock	-0.18	-0.18	-0.34	-0.65	-0.81	-1.01	-1.39	-1.68	-1.94	-2.27
Accumulated Other Comprehensive Income / (Loss)	-82	-67	-84	-81	-82	-82	-86	-86	-88	-86
Noncontrolling Interest	-	12	15	19	20	18	18	18	17	17

This table presents NCS Multistage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	142	141	139	146	155	158	162	175
Total Current Assets	90	93	92	99	109	111	111	117
Cash & Equivalents	11	14	19	15	23	25	25	34
Accounts Receivable	34	38	28	41	43	39	39	40
Inventories, net	42	39	42	41	41	44	44	41
Prepaid Expenses	2.34	1.70	3.21	2.00	1.85	2.71	2.48	1.70
Plant, Property, & Equipment, net	24	23	23	23	0.00	0.00	0.00	0.00
Total Noncurrent Assets	27	24	24	23	45	46	50	57
Goodwill	15	15	15	15	15	15	16	16
Intangible Assets	4.57	4.24	4.07	3.91	3.52	3.36	6.29	5.69
Noncurrent Deferred & Refundable Income Taxes	0.26	0.07	0.20	0.19	0.42	1.87	2.20	11
Other Noncurrent Operating Assets	7.20	4.46	4.06	3.64	26	26	25	24
Total Liabilities & Shareholders' Equity	142	141	139	146	155	158	162	175
Total Liabilities	73	29	30	32	34	34	35	31
Total Current Liabilities	20	19	20	22	24	24	25	22
Short-Term Debt	1.76	2.44	2.07	2.11	2.25	2.20	3.40	2.29
Accounts Payable	9.40	8.49	7.57	7.51	12	10.00	7.92	11
Accrued Expenses	5.07	3.81	5.41	6.87	5.35	6.80	8.40	4.88
Current Deferred & Payable Income Tax Liabilities	0.02	0.35	0.74	0.71	1.10	0.79	0.29	0.97
Other Current Liabilities	3.59	4.10	4.15	4.90	3.41	4.02	5.35	3.17
Total Noncurrent Liabilities	53	10	10	9.62	10	10	9.55	8.90
Long-Term Debt	6.54	6.44	6.83	6.53	5.37	5.46	5.11	4.91
Noncurrent Deferred & Payable Income Tax Liabilities	0.49	0.24	0.37	0.31	0.18	0.19	0.17	0.41
Other Noncurrent Operating Liabilities	46	3.57	3.19	2.79	4.87	4.54	4.27	3.59
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	69	111	109	114	121	124	127	144
Total Preferred & Common Equity	51	94	91	96	103	106	110	125
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	51	94	91	96	103	106	110	125
Common Stock	444	445	446	447	448	449	449	450
Retained Earnings	-305	-264	-267	-262	-255	-254	-250	-236
Treasury Stock	-1.65	-1.91	-1.91	-1.91	-2.21	-2.21	-2.21	-3.34
Accumulated Other Comprehensive Income / (Loss)	-86	-86	-87	-86	-88	-86	-87	-87
Noncontrolling Interest	18	18	18	18	18	18	17	19

This table displays calculated financial ratios and metrics derived from NCS Multistage's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	43,911,636.00	45,010,626.00	46,813,117.00	47,198,367.00	2,380,374.00	2,408,474.00	2,439,126.00	2,502,812.00	2,540,920.00
DEI Adjusted Shares Outstanding	0.00	0.00	2,195,582.00	2,250,531.00	2,340,656.00	2,359,918.00	2,380,374.00	2,408,474.00	2,439,126.00	2,502,812.00	2,540,920.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.96	-84.57	-14.02	-24.41	-1.99	-0.46	-1.29	2.63	9.35
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-13.62%	104.75%	12.56%	-9.46%	-47.94%	10.77%	31.33%	-8.46%	14.10%	12.96%
EBITDA Growth	0.00%	-87.84%	487.60%	-647.53%	100.32%	-6,509.56%	105.14%	148.32%	-58.44%	587.93%	63.27%
EBIT Growth	0.00%	-202.99%	130.64%	-3,391.64%	95.08%	-344.66%	93.83%	114.88%	-765.94%	414.40%	96.94%
NOPAT Growth	0.00%	8.35%	125.94%	-4,530.02%	95.41%	-652.71%	92.83%	56.00%	-145.49%	210.14%	282.62%
Net Income Growth	0.00%	-163.97%	107.21%	-14,436.76%	87.68%	-71.38%	90.34%	74.81%	-226.79%	361.59%	219.94%
EPS Growth	0.00%	-161.63%	109.43%	-14,436.76%	87.68%	-73.08%	91.88%	77.27%	-182.22%	300.79%	239.22%
Operating Cash Flow Growth	0.00%	144.54%	50.82%	-12.96%	27.97%	95.65%	-67.02%	-112.29%	435.49%	166.55%	74.26%
Free Cash Flow Firm Growth	0.00%	0.00%	57.62%	127.85%	-51.65%	-22.90%	-66.65%	-262.29%	39.71%	298.42%	-109.50%
Invested Capital Growth	0.00%	0.00%	45.84%	-48.44%	-11.53%	-37.22%	-7.15%	4.81%	-0.12%	-3.14%	17.43%
Revenue Q/Q Growth	0.00%	0.00%	7.89%	0.00%	-15.56%	16.38%	7.96%	2.69%	-3.35%	6.38%	3.16%
EBITDA Q/Q Growth	0.00%	0.00%	-9.76%	-602.78%	100.27%	37.83%	-92.23%	24.66%	105.96%	-72.08%	23.01%
EBIT Q/Q Growth	0.00%	0.00%	-41.15%	-1,336.71%	95.75%	35.83%	-113.27%	163.30%	92.99%	-80.95%	32.33%
NOPAT Q/Q Growth	0.00%	0.00%	-40.98%	-1,064.70%	96.03%	-1.97%	37.70%	19.04%	-155.71%	2,698.24%	76.36%
Net Income Q/Q Growth	0.00%	0.00%	-69.33%	-1,529.14%	89.85%	37.85%	-120.93%	23.66%	92.35%	-81.62%	84.48%
EPS Q/Q Growth	0.00%	0.00%	-54.55%	-1,529.14%	89.85%	15.56%	-317.58%	22.41%	92.28%	-85.25%	89.69%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	151.11%	-32.76%	59.89%	27.04%	-57.62%	65.91%	-22.59%	53.28%	12.64%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	773.61%	-72.91%	-57.73%	159.52%	13.91%	-110.33%	118.04%	-111.49%
Invested Capital Q/Q Growth	0.00%	0.00%	-3.78%	-52.84%	-4.84%	6.47%	-1.82%	-2.34%	53.74%	-8.42%	4.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.01%	45.34%	51.00%	52.28%	47.43%	41.20%	40.91%	38.81%	39.03%	41.50%	41.08%
EBITDA Margin	42.17%	5.94%	17.04%	-82.90%	0.30%	-36.37%	1.69%	3.19%	1.45%	8.73%	12.62%
Operating Margin	-5.07%	-18.26%	2.46%	-91.06%	-4.62%	-66.78%	-4.32%	-1.45%	-3.88%	2.66%	5.74%
EBIT Margin	17.42%	-20.78%	3.11%	-90.90%	-4.94%	-42.15%	-2.35%	0.27%	-1.94%	5.33%	9.30%
Profit (Net Income) Margin	24.58%	-18.20%	0.64%	-81.61%	-11.10%	-36.56%	-3.19%	-0.61%	-2.18%	5.01%	14.18%
Tax Burden Percent	237.48%	67.03%	65.85%	88.93%	189.11%	83.40%	107.48%	158.40%	93.06%	98.59%	154.80%
Interest Burden Percent	59.41%	130.72%	31.30%	100.95%	118.98%	103.98%	126.34%	-145.17%	121.26%	95.22%	98.53%
Effective Tax Rate	-137.48%	0.00%	34.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.41%	-54.80%
Return on Invested Capital (ROIC)	0.00%	-10.14%	1.07%	-52.70%	-3.78%	-37.19%	-3.58%	-1.60%	-3.84%	4.30%	15.37%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-25.20%	-5.09%	-2,216.23%	-268.99%	-306.97%	-1.97%	-7.12%	-12.85%	-24.38%	-26.12%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-10.07%	-0.60%	-15.24%	-9.66%	8.96%	0.21%	0.73%	0.99%	2.92%	4.72%
Return on Equity (ROE)	0.00%	-20.20%	0.47%	-67.95%	-13.43%	-28.23%	-3.37%	-0.87%	-2.85%	7.22%	20.09%
Cash Return on Invested Capital (CROIC)	0.00%	-210.14%	-36.22%	11.22%	8.46%	8.54%	3.83%	-6.30%	-3.71%	7.49%	-0.67%
Operating Return on Assets (OROA)	0.00%	-6.26%	1.59%	-59.49%	-4.69%	-26.43%	-1.98%	0.29%	-1.90%	5.69%	10.22%
Return on Assets (ROA)	0.00%	-5.49%	0.33%	-53.41%	-10.56%	-22.92%	-2.69%	-0.68%	-2.14%	5.34%	15.59%
Return on Common Equity (ROCE)	0.00%	-20.20%	0.46%	-64.57%	-12.09%	-24.28%	-2.80%	-0.72%	-2.38%	6.10%	17.44%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-10.10%	0.36%	-114.84%	-15.78%	-41.78%	-4.08%	-1.05%	-3.40%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-14	-13	3.27	-145	-6.64	-50	-3.58	-1.58	-3.87	4.26	16
NOPAT Margin	-12.05%	-12.78%	1.62%	-63.74%	-3.23%	-46.75%	-3.02%	-1.01%	-2.72%	2.62%	8.89%
Net Nonoperating Expense Percent (NNEP)	0.00%	15.06%	6.16%	2,163.53%	265.22%	269.78%	-1.62%	5.52%	9.02%	28.68%	41.48%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-3.29%	3.43%	10.73%
Cost of Revenue to Revenue	47.99%	54.66%	49.00%	47.72%	52.57%	58.80%	59.09%	61.19%	60.97%	58.50%	58.92%
SG&A Expenses to Revenue	33.16%	37.63%	32.09%	36.49%	43.10%	55.55%	41.43%	37.48%	39.67%	35.57%	32.05%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	57.08%	63.60%	48.54%	143.34%	52.05%	107.98%	45.23%	40.26%	42.91%	38.84%	35.34%
Earnings before Interest and Taxes (EBIT)	20	-20	6.27	-206	-10	-45	-2.78	0.41	-2.76	8.67	17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	48	5.85	34	-188	0.61	-39	2.00	4.96	2.06	14	23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.81	1.42	0.68	0.57	0.75	0.66	0.48	0.66	0.79
Price to Tangible Book Value (P/TBV)	0.00	0.00	18.00	2.57	1.17	0.74	0.96	0.85	0.60	0.81	0.97
Price to Revenue (P/Rev)	0.00	0.00	3.21	1.01	0.48	0.50	0.58	0.39	0.31	0.40	0.55
Price to Earnings (P/E)	0.00	0.00	307.92	0.00	0.00	0.00	0.00	0.00	0.00	9.85	4.23
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.15%	23.67%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.80	1.36	0.72	0.61	0.76	0.69	0.52	0.66	0.78
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	3.24	1.12	0.58	0.59	0.61	0.45	0.37	0.40	0.49
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	18.99	0.00	195.91	0.00	36.39	14.13	25.57	4.55	3.86
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	104.12	0.00	0.00	0.00	0.00	169.41	0.00	7.44	5.24
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	199.85	0.00	0.00	0.00	0.00	0.00	0.00	15.13	5.48
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	40.50	18.15	6.63	1.80	6.28	0.00	11.05	5.07	4.03
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	8.27	7.99	5.51	19.00	0.00	0.00	8.68	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.50	0.07	0.20	0.08	0.05	0.07	0.07	0.07	0.07	0.06
Long-Term Debt to Equity	0.00	0.50	0.06	0.13	0.07	0.04	0.06	0.06	0.06	0.05	0.04
Financial Leverage	0.00	0.40	0.12	0.01	0.04	-0.03	-0.11	-0.10	-0.08	-0.12	-0.18
Leverage Ratio	0.00	1.84	1.45	1.27	1.27	1.23	1.25	1.28	1.33	1.35	1.29
Compound Leverage Factor	0.00	2.41	0.45	1.28	1.51	1.28	1.58	-1.85	1.61	1.29	1.27
Debt to Total Capital	0.00%	33.44%	6.83%	16.83%	7.32%	4.85%	6.60%	6.76%	6.94%	6.55%	5.85%
Short-Term Debt to Total Capital	0.00%	0.29%	1.35%	5.76%	0.84%	1.13%	1.25%	1.27%	1.54%	1.72%	2.39%
Long-Term Debt to Total Capital	0.00%	33.15%	5.48%	11.07%	6.48%	3.72%	5.35%	5.49%	5.40%	4.83%	3.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	3.07%	7.05%	10.73%	16.67%	15.26%	15.56%	15.12%	13.90%	11.09%
Common Equity to Total Capital	0.00%	66.56%	90.11%	76.13%	81.95%	78.48%	78.14%	77.68%	77.94%	79.55%	83.06%
Debt to EBITDA	0.00	15.25	0.79	-0.19	21.28	-0.15	3.91	1.60	3.95	0.57	0.38
Net Debt to EBITDA	0.00	12.12	-0.20	-0.06	2.76	0.25	-7.18	-1.67	-4.15	-1.25	-1.20
Long-Term Debt to EBITDA	0.00	15.12	0.63	-0.12	18.84	-0.11	3.17	1.30	3.08	0.42	0.23
Debt to NOPAT	0.00	-7.08	8.28	-0.25	-1.94	-0.12	-2.18	-5.03	-2.11	1.91	0.55
Net Debt to NOPAT	0.00	-5.63	-2.07	-0.07	-0.25	0.20	4.00	5.27	2.21	-4.16	-1.71
Long-Term Debt to NOPAT	0.00	-7.02	6.65	-0.16	-1.72	-0.09	-1.77	-4.08	-1.64	1.41	0.32
Altman Z-Score	0.00	0.00	4.87	0.05	1.46	-1.03	0.08	0.32	-0.39	0.57	1.71
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	2.22%	4.97%	9.97%	14.01%	16.94%	16.51%	16.47%	15.54%	13.17%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	4.28	3.72	4.47	5.09	5.62	4.47	4.95	3.22	4.15	4.27
Quick Ratio	0.00	3.05	2.62	3.11	2.94	3.08	2.59	2.70	1.40	2.46	2.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-261	-111	31	15	11	3.83	-6.21	-3.75	7.43	-0.71
Operating Cash Flow to CapEx	937.55%	1,271.90%	318.08%	91.02%	358.84%	3,316.05%	2,608.78%	-203.87%	347.71%	1,774.76%	5,169.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.30	0.51	0.65	0.95	0.63	0.84	1.11	0.98	1.07	1.10
Accounts Receivable Turnover	0.00	2.80	4.78	4.37	4.04	2.77	3.99	5.13	4.78	5.03	4.54
Inventory Turnover	0.00	3.16	3.94	3.29	2.97	1.68	2.04	2.68	2.21	2.30	2.71
Fixed Asset Turnover	0.00	10.09	12.07	8.11	6.30	3.73	4.82	6.48	0.00	0.00	0.00
Accounts Payable Turnover	0.00	5.25	11.16	14.82	13.75	9.33	11.25	12.65	12.61	12.52	12.38
Days Sales Outstanding (DSO)	0.00	130.35	76.41	83.56	90.29	131.82	91.48	71.17	76.34	72.61	80.31
Days Inventory Outstanding (DIO)	0.00	115.38	92.65	111.02	122.77	216.98	179.27	135.99	165.24	158.49	134.90
Days Payable Outstanding (DPO)	0.00	69.55	32.71	24.63	26.55	39.14	32.43	28.84	28.94	29.16	29.49
Cash Conversion Cycle (CCC)	0.00	176.18	136.35	169.96	186.51	309.66	238.32	178.31	212.64	201.94	185.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	248	362	187	165	104	96	101	101	98	115
Invested Capital Turnover	0.00	0.79	0.66	0.83	1.17	0.80	1.18	1.58	1.41	1.64	1.73
Increase / (Decrease) in Invested Capital	0.00	248	114	-175	-22	-61	-7.41	4.64	-0.13	-3.17	17
Enterprise Value (EV)	0.00	0.00	653	255	119	63	73	70	53	65	89
Market Capitalization	0.00	0.00	647	229	98	53	69	60	44	65	100
Book Value per Share	$0.00	$5.22	$8.13	$3.58	$3.09	$1.98	$38.89	$37.80	$37.56	$39.49	$49.68
Tangible Book Value per Share	$0.00	($1.86)	$0.82	$1.98	$1.80	$1.52	$30.09	$29.37	$29.51	$31.93	$40.88
Total Capital	0.00	267	396	212	176	119	118	117	118	124	152
Total Debt	0.00	89	27	36	13	5.79	7.82	7.93	8.16	8.14	8.89
Total Long-Term Debt	0.00	88	22	23	11	4.44	6.34	6.44	6.34	6.00	5.26
Net Debt	0.00	71	-6.77	11	1.67	-9.76	-14	-8.31	-8.56	-18	-28
Capital Expenditures (CapEx)	0.47	0.84	5.07	15	5.00	1.06	0.44	0.70	1.37	0.72	0.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	40	58	76	71	55	48	55	56	56	60
Debt-free Net Working Capital (DFNWC)	0.00	58	91	101	82	70	70	71	73	82	97
Net Working Capital (NWC)	0.00	57	86	89	81	69	69	70	71	80	93
Net Nonoperating Expense (NNE)	-42	5.34	1.97	41	16	-11	0.20	-0.63	-0.76	-3.87	-9.72
Net Nonoperating Obligations (NNO)	0.00	71	-6.77	11	1.67	-9.76	-14	-8.31	-8.56	-18	-28
Total Depreciation and Amortization (D&A)	28	26	28	18	11	6.19	4.78	4.55	4.82	5.52	6.10
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	40.59%	28.59%	33.50%	34.58%	51.03%	40.50%	35.48%	39.48%	34.70%	32.84%
Debt-free Net Working Capital to Revenue	0.00%	59.15%	45.36%	44.57%	40.05%	65.56%	59.20%	45.92%	51.22%	50.62%	52.84%
Net Working Capital to Revenue	0.00%	58.37%	42.71%	39.20%	39.33%	64.30%	57.95%	44.96%	49.95%	49.31%	50.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$17.60	($10.60)	$1.00	($85.00)	($14.00)	($24.37)	($1.98)	($0.45)	($1.27)	$2.60	$9.17
Adjusted Weighted Average Basic Shares Outstanding	1.50M	1.70M	2.02M	2.24M	2.33M	2.36M	2.40M	2.43M	2.47M	2.54M	2.59M
Adjusted Diluted Earnings per Share	$17.20	($10.60)	$1.00	($85.00)	($14.00)	($24.37)	($1.98)	($0.45)	($1.27)	$2.55	$8.65
Adjusted Weighted Average Diluted Shares Outstanding	1.62M	1.70M	2.18M	2.24M	2.33M	2.36M	2.40M	2.43M	2.47M	2.59M	2.75M
Adjusted Basic & Diluted Earnings per Share	$17.60	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	2.22M	2.33M	2.34M	2.36M	2.41M	2.44M	2.49M	2.54M	2.55M
Normalized Net Operating Profit after Tax (NOPAT)	-4.05	-13	6.90	13	-1.07	-15	-3.58	-1.58	-3.87	4.26	7.49
Normalized NOPAT Margin	-3.55%	-12.78%	3.42%	5.55%	-0.52%	-13.90%	-3.02%	-1.01%	-2.72%	2.62%	4.08%
Pre Tax Income Margin	10.35%	-27.16%	0.97%	-91.77%	-5.87%	-43.83%	-2.97%	-0.39%	-2.35%	5.08%	9.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	-1.24%	-26.30%	-44.88%	-72.77%	0.00%	-16.07%	25.19%	10.37%
Augmented Payout Ratio	0.00%	-2.33%	168.58%	-1.24%	-26.30%	-44.88%	-72.77%	0.00%	-16.07%	25.19%	10.37%

This table displays calculated financial ratios and metrics derived from NCS Multistage's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	2,438,994.00	2,439,126.00	2,485,708.00	2,502,564.00	2,502,680.00	2,502,812.00	2,540,849.00	2,540,849.00	2,540,849.00	2,540,920.00	2,545,535.00
DEI Adjusted Shares Outstanding	2,438,994.00	2,439,126.00	2,485,708.00	2,502,564.00	2,502,680.00	2,502,812.00	2,540,849.00	2,540,849.00	2,540,849.00	2,540,920.00	2,545,535.00
DEI Earnings Per Adjusted Shares Outstanding	1.81	16.25	0.83	-1.24	1.66	1.39	1.60	0.36	1.50	5.89	-0.15
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-21.67%	-12.29%	0.70%	16.93%	14.96%	27.68%	14.02%	22.78%	5.75%	12.50%	-8.74%
EBITDA Growth	-6.37%	795.84%	130.09%	96.25%	28.27%	-88.68%	48.77%	298.73%	-13.03%	92.69%	-35.41%
EBIT Growth	-11.02%	1,048.68%	119.76%	91.96%	32.62%	-92.00%	64.62%	129.91%	-20.62%	130.14%	-49.68%
NOPAT Growth	-48.35%	-222.07%	134.41%	41.80%	41.95%	325.94%	77.40%	-78.16%	14.99%	217.22%	-84.61%
Net Income Growth	3.73%	1,639.37%	117.02%	91.15%	14.40%	-90.66%	74.46%	159.81%	-9.82%	320.51%	-60.91%
EPS Growth	12.03%	1,885.19%	113.44%	90.71%	-9.60%	-91.67%	84.15%	128.10%	-14.38%	305.22%	-109.27%
Operating Cash Flow Growth	89.47%	-18.30%	-21.21%	1,074.66%	-399.26%	71.11%	12.50%	-41.11%	455.38%	23.38%	177.81%
Free Cash Flow Firm Growth	3,742.46%	57.57%	-201.02%	-227.69%	-195.11%	567.73%	131.96%	70.79%	101.09%	-188.23%	-341.32%
Invested Capital Growth	-36.56%	-0.12%	17.76%	66.30%	62.59%	-3.14%	-0.65%	7.25%	2.91%	17.43%	10.71%
Revenue Q/Q Growth	50.76%	-7.92%	24.43%	-32.30%	48.22%	2.27%	11.11%	-27.10%	27.66%	8.79%	-9.86%
EBITDA Q/Q Growth	116.43%	756.82%	-89.28%	-124.85%	661.76%	-24.38%	40.95%	-66.81%	145.84%	67.54%	-52.75%
EBIT Q/Q Growth	111.80%	1,011.69%	-92.16%	-178.15%	294.66%	-32.91%	61.28%	-85.80%	416.62%	94.51%	-64.74%
NOPAT Q/Q Growth	143.19%	-172.04%	235.26%	-238.31%	205.33%	14.67%	6.20%	-238.90%	167.98%	216.33%	-94.85%
Net Income Q/Q Growth	112.82%	869.09%	-93.59%	-211.20%	265.69%	-20.92%	19.73%	-61.88%	149.82%	268.76%	-88.87%
EPS Q/Q Growth	113.59%	808.47%	-94.90%	-247.56%	232.23%	-16.25%	12.69%	-77.48%	302.94%	296.35%	-102.58%
Operating Cash Flow Q/Q Growth	-179.37%	1,639.60%	-130.23%	418.03%	-133.73%	627.66%	-115.46%	314.04%	103.58%	83.19%	-90.25%
Free Cash Flow Firm Q/Q Growth	20.94%	-103.57%	-867.16%	-205.40%	9.92%	117.58%	-33.92%	-379.14%	103.36%	-1,525.52%	-80.74%
Invested Capital Q/Q Growth	10.72%	53.74%	4.62%	-6.62%	8.26%	-8.42%	7.31%	0.81%	3.88%	4.50%	1.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	41.05%	36.56%	40.06%	40.32%	42.11%	43.08%	43.71%	35.66%	41.71%	41.79%	39.82%
EBITDA Margin	12.60%	117.22%	10.10%	-3.71%	14.05%	10.39%	13.18%	6.00%	11.56%	17.80%	9.33%
Operating Margin	4.90%	-4.41%	5.70%	-13.98%	6.90%	6.53%	8.58%	-5.57%	6.58%	10.31%	1.86%
EBIT Margin	9.41%	113.61%	7.16%	-8.27%	10.86%	7.12%	10.34%	2.01%	8.15%	14.57%	5.70%
Profit (Net Income) Margin	10.74%	113.06%	5.82%	-9.56%	10.69%	8.27%	8.91%	4.66%	9.12%	30.90%	3.81%
Tax Burden Percent	115.02%	99.86%	83.98%	110.51%	100.75%	119.46%	86.87%	254.96%	114.87%	213.29%	67.61%
Interest Burden Percent	99.25%	99.65%	96.82%	104.69%	97.74%	97.16%	99.19%	90.74%	97.39%	99.43%	99.00%
Effective Tax Rate	-15.02%	0.14%	16.02%	0.00%	-0.75%	-19.46%	13.13%	-154.96%	-14.87%	-113.29%	32.39%
Return on Invested Capital (ROIC)	9.83%	-6.22%	7.01%	-18.25%	12.34%	12.77%	11.96%	-24.41%	12.44%	38.02%	2.04%
ROIC Less NNEP Spread (ROIC-NNEP)	-66.18%	-497.00%	-1.05%	-19.10%	-18.77%	11.20%	5.35%	-72.03%	6.61%	18.76%	-3.29%
Return on Net Nonoperating Assets (RNNOA)	1.96%	38.35%	0.06%	1.71%	1.09%	-1.34%	-0.51%	8.92%	-0.68%	-3.39%	0.54%
Return on Equity (ROE)	11.78%	32.13%	7.07%	-16.53%	13.42%	11.43%	11.45%	-15.48%	11.76%	34.63%	2.58%
Cash Return on Invested Capital (CROIC)	42.94%	-3.71%	-20.35%	-51.47%	-47.86%	7.49%	6.30%	1.66%	5.68%	-0.67%	0.35%
Operating Return on Assets (OROA)	9.95%	111.38%	7.24%	-8.78%	11.54%	7.60%	11.78%	2.38%	9.42%	16.02%	6.20%
Return on Assets (ROA)	11.36%	110.84%	5.89%	-10.16%	11.36%	8.82%	10.15%	5.50%	10.54%	33.97%	4.15%
Return on Common Equity (ROCE)	9.35%	26.84%	5.84%	-13.06%	10.77%	9.65%	9.70%	-13.12%	10.05%	30.07%	2.23%
Return on Equity Simple (ROE_SIMPLE)	-80.34%	0.00%	15.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	2.16	-1.55	2.10	-2.91	3.06	3.51	3.73	-5.18	3.52	11	0.57
NOPAT Margin	5.63%	-4.41%	4.79%	-9.78%	6.95%	7.80%	7.45%	-14.20%	7.56%	21.98%	1.26%
Net Nonoperating Expense Percent (NNEP)	76.01%	490.78%	8.06%	0.85%	31.11%	1.57%	6.61%	47.62%	5.83%	19.26%	5.33%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.32%	1.75%	-2.46%	2.49%	2.82%	2.90%	-3.93%	2.59%	7.32%	0.38%
Cost of Revenue to Revenue	58.95%	63.44%	59.94%	59.68%	57.89%	56.92%	56.29%	64.34%	58.29%	58.21%	60.18%
SG&A Expenses to Revenue	33.10%	37.51%	31.53%	49.92%	32.13%	33.40%	32.39%	37.38%	31.83%	28.06%	34.46%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.15%	40.98%	34.36%	54.30%	35.21%	36.55%	35.13%	41.22%	35.13%	31.49%	37.96%
Earnings before Interest and Taxes (EBIT)	3.60	40	3.14	-2.45	4.78	3.21	5.17	0.73	3.79	7.38	2.60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.82	41	4.43	-1.10	6.19	4.68	6.59	2.19	5.38	9.01	4.26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.78	0.48	0.43	0.46	0.51	0.66	0.86	0.70	1.18	0.79	1.26
Price to Tangible Book Value (P/TBV)	1.28	0.60	0.54	0.59	0.64	0.81	1.05	0.85	1.48	0.97	1.53
Price to Revenue (P/Rev)	0.27	0.31	0.28	0.29	0.32	0.40	0.53	0.43	0.73	0.55	0.88
Price to Earnings (P/E)	0.00	0.00	2.87	0.98	1.15	9.85	10.36	5.96	10.58	4.23	8.15
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	34.85%	102.45%	86.64%	10.15%	9.65%	16.79%	9.45%	23.67%	12.27%
Enterprise Value to Invested Capital (EV/IC)	0.83	0.52	0.50	0.51	0.57	0.66	0.87	0.71	1.18	0.78	1.29
Enterprise Value to Revenue (EV/Rev)	0.37	0.37	0.37	0.34	0.40	0.40	0.54	0.43	0.73	0.49	0.83
Enterprise Value to EBITDA (EV/EBITDA)	0.00	25.57	2.47	1.02	1.19	4.55	5.58	3.81	6.90	3.86	7.16
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	3.23	1.13	1.33	7.44	8.53	5.39	10.07	5.24	10.28
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	15.13	15.37	8.47	14.04	5.48	12.85
Enterprise Value to Operating Cash Flow (EV/OCF)	8.81	11.05	11.81	5.07	7.32	5.07	7.04	7.13	6.60	4.03	5.94
Enterprise Value to Free Cash Flow (EV/FCFF)	1.50	0.00	0.00	0.00	0.00	8.68	13.77	44.13	21.14	0.00	390.61
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.07	0.08	0.08	0.08	0.07	0.06	0.06	0.07	0.06	0.05
Long-Term Debt to Equity	0.10	0.06	0.06	0.06	0.06	0.05	0.04	0.04	0.04	0.04	0.03
Financial Leverage	-0.03	-0.08	-0.05	-0.09	-0.06	-0.12	-0.09	-0.12	-0.10	-0.18	-0.17
Leverage Ratio	1.60	1.33	1.37	1.60	1.57	1.35	1.27	1.28	1.28	1.29	1.25
Compound Leverage Factor	1.59	1.32	1.33	1.67	1.54	1.31	1.26	1.16	1.24	1.28	1.23
Debt to Total Capital	10.78%	6.94%	7.38%	7.55%	7.04%	6.55%	5.93%	5.82%	6.28%	5.85%	4.77%
Short-Term Debt to Total Capital	2.28%	1.54%	2.03%	1.76%	1.72%	1.72%	1.75%	1.67%	2.51%	2.39%	1.52%
Long-Term Debt to Total Capital	8.50%	5.40%	5.35%	5.79%	5.32%	4.83%	4.18%	4.15%	3.77%	3.46%	3.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	23.47%	15.12%	14.75%	15.27%	14.72%	13.90%	13.75%	13.33%	12.52%	11.09%	12.56%
Common Equity to Total Capital	65.76%	77.94%	77.87%	77.18%	78.24%	79.55%	80.31%	80.85%	81.21%	83.06%	82.67%
Debt to EBITDA	-0.24	3.95	0.42	0.18	0.17	0.57	0.47	0.39	0.45	0.38	0.35
Net Debt to EBITDA	0.09	-4.15	-0.24	-0.20	-0.13	-1.25	-0.94	-0.90	-0.89	-1.20	-1.31
Long-Term Debt to EBITDA	-0.19	3.08	0.30	0.14	0.13	0.42	0.33	0.28	0.27	0.23	0.24
Debt to NOPAT	-5.48	-2.11	-2.25	-6.74	-52.62	1.91	1.28	0.87	0.92	0.55	0.62
Net Debt to NOPAT	2.05	2.21	1.30	7.35	40.79	-4.16	-2.59	-2.00	-1.81	-1.71	-2.35
Long-Term Debt to NOPAT	-4.32	-1.64	-1.64	-5.17	-39.76	1.41	0.90	0.62	0.55	0.32	0.42
Altman Z-Score	-0.97	0.53	-0.09	-0.23	0.21	0.45	1.11	0.86	1.88	1.53	2.91
Noncontrolling Interest Sharing Ratio	20.67%	16.47%	17.43%	20.99%	19.77%	15.54%	15.25%	15.26%	14.53%	13.17%	13.84%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.54	3.22	4.84	4.61	4.50	4.15	4.57	4.66	4.39	4.27	5.35
Quick Ratio	2.30	1.40	2.71	2.36	2.54	2.46	2.78	2.72	2.55	2.84	3.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	40	-1.43	-14	-42	-38	6.68	4.41	-12	0.41	-5.89	-11
Operating Cash Flow to CapEx	-92.03%	5,056.91%	-1,528.46%	2,755.30%	-626.40%	19,350.91%	-364.75%	15,308.70%	0.00%	6,984.57%	250.49%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.06	0.98	1.01	1.06	1.06	1.07	1.14	1.18	1.16	1.10	1.09
Accounts Receivable Turnover	4.04	4.78	3.92	5.42	4.06	5.03	4.14	5.17	4.43	4.54	4.29
Inventory Turnover	2.33	2.21	2.21	2.11	2.21	2.30	2.42	2.41	2.45	2.71	2.64
Fixed Asset Turnover	6.17	0.00	6.10	6.23	6.50	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	9.82	12.61	10.75	11.53	10.86	12.52	9.58	11.69	13.52	12.38	9.64
Days Sales Outstanding (DSO)	90.36	76.34	93.12	67.40	89.84	72.61	88.08	70.56	82.43	80.31	85.00
Days Inventory Outstanding (DIO)	156.83	165.24	165.25	173.10	165.40	158.49	150.57	151.18	149.18	134.90	138.40
Days Payable Outstanding (DPO)	37.16	28.94	33.95	31.65	33.61	29.16	38.10	31.21	27.00	29.49	37.88
Cash Conversion Cycle (CCC)	210.03	212.64	224.41	208.85	221.63	201.94	200.55	190.53	204.61	185.72	185.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	66	101	105	99	107	98	105	106	110	115	116
Invested Capital Turnover	1.74	1.41	1.46	1.86	1.77	1.64	1.60	1.72	1.65	1.73	1.62
Increase / (Decrease) in Invested Capital	-38	-0.13	16	39	41	-3.17	-0.69	7.14	3.11	17	11
Enterprise Value (EV)	54	53	52	50	61	65	91	75	130	89	149
Market Capitalization	39	44	40	42	49	65	89	75	130	100	157
Book Value per Share	$20.75	$37.56	$37.70	$36.37	$38.37	$39.49	$40.60	$41.89	$43.35	$49.68	$49.04
Tangible Book Value per Share	$12.64	$29.51	$29.87	$28.66	$30.73	$31.93	$33.23	$34.58	$34.42	$40.88	$40.37
Total Capital	77	118	120	118	123	124	128	132	136	152	151
Total Debt	8.30	8.16	8.88	8.90	8.64	8.14	7.62	7.66	8.51	8.89	7.20
Total Long-Term Debt	6.54	6.34	6.44	6.83	6.53	6.00	5.37	5.46	5.11	5.26	4.91
Net Debt	-3.10	-8.56	-5.12	-9.71	-6.69	-18	-15	-18	-17	-28	-27
Capital Expenditures (CapEx)	0.44	0.12	0.12	0.22	0.32	0.06	0.45	0.02	-0.23	0.19	0.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	61	56	62	55	64	56	64	64	64	60	63
Debt-free Net Working Capital (DFNWC)	72	73	76	74	79	82	87	89	89	97	97
Net Working Capital (NWC)	70	71	74	72	77	80	85	87	86	93	95
Net Nonoperating Expense (NNE)	-1.96	-41	-0.45	-0.07	-1.64	-0.21	-0.73	-6.87	-0.72	-4.51	-1.17
Net Nonoperating Obligations (NNO)	-3.10	-8.56	-5.99	-11	-7.47	-18	-16	-18	-17	-28	-28
Total Depreciation and Amortization (D&A)	1.22	1.27	1.29	1.35	1.41	1.47	1.42	1.45	1.59	1.64	1.66
Debt-free, Cash-free Net Working Capital to Revenue	41.10%	39.48%	43.54%	37.65%	41.97%	34.70%	38.19%	36.47%	36.00%	32.84%	35.12%
Debt-free Net Working Capital to Revenue	48.84%	51.22%	53.35%	50.31%	52.00%	50.62%	51.82%	50.93%	50.21%	52.84%	54.34%
Net Working Capital to Revenue	47.64%	49.95%	51.64%	48.90%	50.62%	49.31%	50.49%	49.68%	48.30%	50.86%	53.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.78	$16.07	$0.83	($1.21)	$1.63	$1.35	$1.58	$0.36	$1.47	$5.76	($0.14)
Adjusted Weighted Average Basic Shares Outstanding	2.48M	2.47M	2.51M	2.55M	2.55M	2.54M	2.57M	2.59M	2.59M	2.59M	2.63M
Adjusted Diluted Earnings per Share	$1.77	$16.08	$0.82	($1.21)	$1.60	$1.34	$1.51	$0.34	$1.37	$5.43	($0.14)
Adjusted Weighted Average Diluted Shares Outstanding	2.49M	2.47M	2.54M	2.55M	2.59M	2.59M	2.69M	2.73M	2.78M	2.75M	2.63M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.44M	2.49M	2.50M	2.50M	2.50M	2.54M	2.54M	2.54M	2.54M	2.55M	2.62M
Normalized Net Operating Profit after Tax (NOPAT)	1.31	-1.55	2.10	-2.91	2.13	2.06	3.73	-1.42	2.14	3.65	0.57
Normalized NOPAT Margin	3.43%	-4.41%	4.79%	-9.78%	4.83%	4.57%	7.45%	-3.90%	4.61%	7.21%	1.26%
Pre Tax Income Margin	9.34%	113.21%	6.93%	-8.65%	10.61%	6.92%	10.25%	1.83%	7.94%	14.49%	5.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-16.07%	6.93%	2.29%	3.39%	25.19%	0.00%	16.81%	20.90%	10.37%	0.00%
Augmented Payout Ratio	0.00%	-16.07%	6.93%	2.29%	3.39%	25.19%	0.00%	16.81%	20.90%	10.37%	0.00%

Financials Breakdown Chart

NCS Multistage Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NCS Multistage's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

NCS Multistage's net income appears to be on a downward trend, with a most recent value of $26.04 million in 2025, falling from $28.03 million in 2015. The previous period was $8.14 million in 2024. See NCS Multistage's forecast for analyst expectations on what's next for the company.

NCS Multistage's total operating income in 2025 was $10.54 million, based on the following breakdown:

Total Gross Profit: $75.43 million
Total Operating Expenses: $64.89 million

Over the last 10 years, NCS Multistage's total revenue changed from $114.01 million in 2015 to $183.63 million in 2025, a change of 61.1%.

NCS Multistage's total liabilities were at $38.10 million at the end of 2025, a 3.8% increase from 2024, and a 74.5% decrease since 2016.

In the past 9 years, NCS Multistage's cash and equivalents has ranged from $11.24 million in 2019 to $36.73 million in 2025, and is currently $36.73 million as of their latest financial filing in 2025.

Over the last 10 years, NCS Multistage's book value per share changed from 0.00 in 2015 to 49.68 in 2025, a change of 4,968.2%.

Related Companies

Financial statements for NASDAQ:NCSM last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

NCS Multistage (NCSM) Financials

Financials Breakdown Chart

NCS Multistage Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

NCS Multistage (NCSM) Financials

Annual Income Statements for NCS Multistage

Quarterly Income Statements for NCS Multistage

Annual Cash Flow Statements for NCS Multistage

Quarterly Cash Flow Statements for NCS Multistage

Annual Balance Sheets for NCS Multistage

Quarterly Balance Sheets for NCS Multistage

Annual Metrics And Ratios for NCS Multistage

Quarterly Metrics And Ratios for NCS Multistage

Financials Breakdown Chart

NCS Multistage Financials - Frequently Asked Questions

When does NCS Multistage's fiscal year end?

How has NCS Multistage's net income changed over the last 10 years?

What is NCS Multistage's operating income?

How has NCS Multistage's revenue changed over the last 10 years?

How much debt does NCS Multistage have?

How much cash does NCS Multistage have?

How has NCS Multistage's book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools