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NCS Multistage Holdings (NCSM)
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NCS Multistage Holdings Income Statement 2025-2011 | NCSM
Brief overview of income trends at NCS Multistage Holdings
The conclusions below are based on five years of reported results. Revenue reported by NCS Multistage Holdings was $107 million at the beginning of the period and $184 million at the end. The cumulative result was +71.7%, corresponding to roughly 11.4% per year. The pace indicates confident and sustained business growth.
The gross result shifted from 38.2 million dollars to 75.4 million dollars, or +97.6%. There was no major divergence between sales and cost of revenue. The gross margin was 35.7% at the start and 41.1% at the end. The expansion indicates stronger pricing power or better control of direct costs.
EBITDA was −$15.4 million at the beginning and $16.4 million at the end of the period (+207%). Operating profitability strengthened faster than the scale of sales. The EBITDA share of revenue changed from −14.4% to 8.9%. Higher profitability strengthens the quality of operating growth.
Across the five years, the net result shifted from −57.6 million dollars to 23.7 million dollars. The trajectory reversed from a loss to positive earnings.
Market value was $77.1 million at the start and $114 million at the end. The financial trend was stronger than the market valuation.
What the figures show
The indicators form a favorable picture of business development. The financial profile benefits from an improving EBITDA margin, revenue expansion and a stronger gross margin. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement NCS Multistage Holdings
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
114 M | 112 M | 38.9 M | 60.8 M | 69.5 M | 77.1 M | 78.8 M | 254 M | 659 M | - | - | - | - | - | - |
Shares |
2.59 M | 2.54 M | 2.47 M | 2.43 M | 2.4 M | 2.36 M | 2.33 M | 2.24 M | 2.02 M | - | - | - | - | - | - |
Historical Prices |
44.1 | 44.1 | 15.8 | 25 | 29 | 22.5 | 42 | 102 | 295 | - | - | - | - | - | - |
Net Income |
23.7 M | 6.59 M | -3.15 M | -1.1 M | -4.73 M | -57.6 M | -32.8 M | -190 M | 2.1 M | -17.9 M | 28 M | - | - | - | - |
Revenue |
184 M | 163 M | 142 M | 156 M | 119 M | 107 M | 205 M | 227 M | 202 M | 98.5 M | 114 M | - | - | - | - |
Cost of Revenue |
108 M | 95.1 M | 86.9 M | 95.2 M | 70 M | 62.9 M | 108 M | 108 M | 98.8 M | 53.8 M | 54.7 M | - | - | - | - |
Gross Profit |
- | - | - | - | - | 38.2 M | 87 M | 101 M | 75.2 M | 19.1 M | 32 M | - | - | - | - |
Operating Income |
10.5 M | 4.32 M | -5.53 M | -2.25 M | -5.12 M | -71.4 M | -9.49 M | -207 M | 4.96 M | -18 M | -5.78 M | - | - | - | - |
Interest Expense |
4.76 M | 7.31 M | 4.11 M | 2.95 M | 2.05 M | 1.73 M | 308 K | 182 K | 1.08 M | 45 K | -131 K | - | - | - | - |
EBITDA |
16.4 M | 9.64 M | -915 K | 2.07 M | -619 K | -15.4 M | 8.9 M | 35.8 M | 38.1 M | 7.58 M | 21.5 M | - | - | - | - |
Operating Expenses |
- | - | - | - | - | 59.4 M | 88.6 M | 82.8 M | 64.7 M | 37.1 M | 37.8 M | - | - | - | - |
General and Administrative Expenses |
58.8 M | 57.8 M | 56.5 M | 58.3 M | 49.1 M | 59.4 M | 88.6 M | 82.8 M | 64.7 M | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement NCS Multistage Holdings
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
2.69 M | 2.63 M | 2.59 M | 2.59 M | 2.57 M | 2.51 M | 2.55 M | 2.55 M | 2.51 M | 2.44 M | 2.48 M | 2.48 M | 2.45 M | 2.41 M | 2.44 M | 2.44 M | 2.41 M | 2.38 M | 2.4 M | 2.4 M | 2.38 M | 2.36 M | 2.37 M | 2.37 M | 2.35 M | 2.34 M | 46.9 M | 46.8 M | 46 M | 45.1 M | 44.9 M | 44.8 M | 44.3 M | 43.9 M | 43.7 M | 40.2 M | 34 M | 34 M | 34 M | 34 M | 34 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-4.61 M | -371 K | 3.81 M | 924 K | 4.06 M | - | 4.15 M | -3.1 M | 2.07 M | - | 4.41 M | -32.2 M | -15 M | - | 3.94 M | -5.48 M | -1.73 M | - | 2.8 M | -5.54 M | -3.46 M | 8.57 M | -5.86 M | -8.76 M | -51.5 M | -2.18 M | 3.62 M | -22.3 M | -12 M | -204 M | 6.32 M | -4.05 M | 11 M | -3.34 M | 3.39 M | -4.49 M | 6.55 M | -931 K | -280 K | -8.59 M | -8.13 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
38.4 M | 45.6 M | 46.5 M | 36.5 M | 50 M | - | 44 M | 29.7 M | 43.9 M | - | 38.3 M | 25.4 M | 43.6 M | - | 48.9 M | 27.5 M | 39.1 M | - | 32.4 M | 21.5 M | 28.5 M | 27.4 M | 16.3 M | 8.73 M | 54.6 M | 52.1 M | 60.8 M | 39.8 M | 52.8 M | 50.2 M | 62.7 M | 43.4 M | 70.7 M | 50.2 M | 56 M | 36.9 M | 58.6 M | 35.4 M | 28.6 M | 11.3 M | 23.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
24.4 M | 27.5 M | 27.1 M | 23.5 M | 28.2 M | - | 25.5 M | 17.7 M | 26.3 M | - | 22.6 M | 16.9 M | 25 M | - | 28.4 M | 18.5 M | 24.2 M | - | 17.6 M | 13.9 M | 18.3 M | 15.7 M | 10.2 M | 6.39 M | 30.6 M | 26 M | 32.2 M | 23.1 M | 26.8 M | 26 M | 28.8 M | 19.9 M | 33.6 M | 24.6 M | 26 M | 18.9 M | 29.4 M | 19.9 M | 14.7 M | 6.49 M | 12.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.1 M | 5.6 M | 1.7 M | 22.9 M | 25.1 M | 27.6 M | 15.7 M | 25.1 M | 23.3 M | 33.1 M | 22.7 M | 36.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-5.6 M | 848 K | 3.06 M | -2.03 M | 4.29 M | - | 3.04 M | -4.15 M | 2.5 M | - | 1.87 M | -7.13 M | 1.28 M | - | 4.05 M | -5.91 M | -2.2 M | - | 2.64 M | -5.39 M | -3.65 M | -57 K | -7.47 M | -14.2 M | -49.7 M | 1.32 M | 5.51 M | -16.8 M | 437 K | -228 M | 12 M | -3.29 M | 13 M | -4.6 M | 5.25 M | -5.61 M | 9.92 M | -2.53 M | -1.02 M | -10.2 M | -4.27 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
1.56 M | 1.86 M | 1.18 M | 1.56 M | 883 K | - | 1.52 M | 2.2 M | 1.14 M | - | 1.98 M | 1.48 M | 292 K | - | 564 K | 613 K | 379 K | - | 176 K | 529 K | 341 K | - | 414 K | 8 K | 158 K | - | 259 K | 17 K | 73 K | - | 28 K | -44 K | 84 K | - | 94 K | 64 K | 974 K | - | -18 K | -37 K | 26 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-2.42 M | 2.44 M | 7.37 M | -795 K | 5.66 M | - | 4.22 M | -3.02 M | 3.74 M | - | 2.88 M | -6.18 M | 2.39 M | - | 4.93 M | -4.97 M | -1.12 M | - | 6 M | -4.46 M | -2.55 M | -57 K | -2.69 M | -10.5 M | -47.1 M | 1.32 M | 13.3 M | -11.5 M | 3.02 M | -228 M | 25.2 M | 5.57 M | 17.4 M | -4.6 M | 25.8 M | 7.63 M | 16.5 M | -2.53 M | 18.2 M | 2.6 M | 1.96 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
18 M | 15.7 M | 14.8 M | 13.6 M | 16.2 M | - | 14.1 M | 14.8 M | 13.8 M | - | 12.7 M | 14.5 M | 16.2 M | - | 15.4 M | 13.7 M | 16 M | - | 11 M | 11.8 M | 12.8 M | - | 12.5 M | 15.5 M | 20.8 M | - | 20.4 M | 22.9 M | 23 M | - | 19.4 M | 22.1 M | 21 M | - | 17.6 M | 16.2 M | 12.8 M | - | 8.49 M | 8.42 M | 8.46 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company NCS Multistage Holdings (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.