NCS Multistage Holdings, Inc. (NCSM) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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NCSM Revenue Growth
Revenue Breakdown (FY 2025)
NCSM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NCSM Revenue Analysis (2015–2025)
As of May 7, 2026, NCS Multistage Holdings, Inc. (NCSM) generated trailing twelve-month (TTM) revenue of $179.6 million, reflecting moderate decline in growth of -8.7% year-over-year. The most recent quarter (Q1 2026) recorded $45.6 million in revenue, down 10.5% sequentially.
Looking at the longer-term picture, NCSM's 5-year compound annual growth rate (CAGR) stands at +11.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $227.0 million in 2018.
Revenue diversification analysis shows NCSM's business is primarily driven by Product (70%), and Service (30%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including PUMP (-15.6% YoY), WTTR (-4.2% YoY), and ACDC (-11.4% YoY), NCSM has underperformed the peer group in terms of revenue growth. Compare NCSM vs PUMP →
NCSM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NCSMCurrent | $180M | -8.7% | +11.5% | 6.4% | |
 PUMP | $1.3B | -15.6% | +10.0% | 1.5% | |
 WTTR | $1.4B | -4.2% | +18.4% | 2.5% | |
 ACDC | $1.9B | -11.4% | +28.8% | -6.9% | |
 KLXE | $637M | -10.3% | +18.1% | -4.8% |
NCSM Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $184.7M | +13.6% | $70.6M | 38.2% | $11.8M | 6.4% |
| 2024 | $162.6M | +14.1% | $62.1M | 38.2% | $4.3M | 2.7% |
| 2023 | $142.5M | -8.5% | $51.0M | 35.8% | $-5,531,000 | -3.9% |
| 2022 | $155.6M | +31.3% | $56.1M | 36.0% | $-2,253,000 | -1.4% |
| 2021 | $118.5M | +10.8% | $44.0M | 37.1% | $-5,120,000 | -4.3% |
| 2020 | $107.0M | -47.9% | $38.2M | 35.7% | $-71,440,000 | -66.8% |
| 2019 | $205.5M | -9.5% | $87.0M | 42.3% | $-9,491,000 | -4.6% |
| 2018 | $227.0M | +12.6% | $100.8M | 44.4% | $-206,664,000 | -91.1% |
| 2017 | $201.6M | +104.7% | $75.2M | 37.3% | $5.0M | 2.5% |
| 2016 | $98.5M | -13.6% | $19.1M | 19.4% | $-17,982,000 | -18.3% |
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Start ComparisonNCSM — Frequently Asked Questions
Quick answers to the most common questions about buying NCSM stock.
Is NCSM's revenue growth accelerating or slowing?
NCSM revenue declined -8.7% year-over-year, contrasting with the 5-year CAGR of +11.5%. TTM revenue fell to $180M. This reverses the prior growth trend.
What is NCSM's long-term revenue growth rate?
NCS Multistage Holdings, Inc.'s 5-year revenue CAGR of +11.5% reflects the variable expansion pattern. Current YoY growth of -8.7% is below this long-term average.
How is NCSM's revenue distributed by segment?
NCSM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.