Ncs Multistage Holdings Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Ncs Multistage Holdings Inc (NCSM) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Ncs Multistage Holdings Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 181M vs 75,718M combined for tracked competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-15.3% annualized vs trailing 12 months), vs holding steady (+0.6%) for its tracked peer group.
- Growth: Ncs Multistage Holdings Inc generated 5.2% revenue growth year over year in Q2 2026, vs 4.0% for its tracked competitors combined.
- Profitability: Its -7.9% net margin compares with 7.8% for the peer group.
- Peer revenue share: Ncs Multistage Holdings Inc accounted for 0.2% of combined revenue among its tracked peer group, up from 0.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.67M compares with $0.39M for the peer group (1.7x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NCSM Sales vs. its Competitors, Q2 2026
Ncs Multistage Holdings Inc reported revenue growth of 5.24 % year on year in Q2 2026, above its competitors' combined revenue growth of 4.01 %.
With a net margin of -7.92 %, Ncs Multistage Holdings Inc reported lower profitability than its competitors (7.81 %).
Ncs Multistage Holdings Inc generated 0.20 % of the combined sales of its peer group, up from 0.20 % a year earlier.
Ncs Multistage Holdings Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Ncs Multistage Holdings Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Ncs Multistage Holdings Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Ncs Multistage Holdings Inc's competitor groups requires a Commercial License.
For context: the Oil And Gas Production industry grew revenue 3.3% year over year, combined, vs 5.2% for Ncs Multistage Holdings Inc. Ncs Multistage Holdings Inc's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Ncs Multistage Holdings Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Ncs Multistage Holdings Inc | Yes | Yes | Yes | No |
| Competitors combined (17) | ||||
| High-Confidence Competitors (9) | ||||
| Similar Growth & Profitability (8) | 62.50 % (5 of 8) | 50.00 % (4 of 8) | 50.00 % (4 of 8) | 37.50 % (3 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
NCSM Stock Performance relative to its Competitors
NCSM Stock Performance relative to High-Confidence Competitors
NCSM Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Nine Energy Service Inc | 282.9% | Outperformed |
| 2 | Forum Energy Technologies Inc | 282.9% | Outperformed |
| 3 | Select Water Solutions inc | 282.9% | Outperformed |
| 4 | Propetro Holding Corp | 282.9% | Outperformed |
| 5 | Helix Energy Solutions Group inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Ncs Multistage Holdings Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Ncs Multistage Holdings Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Ncs Multistage Holdings Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Ncs Multistage Holdings Inc | 143.35 | 181.17 |
| Slb Limited | 77,543.94 | 36,365.00 |
| Baker Hughes Company | 57,700.00 | 27,893.00 |
| Halliburton Company | 27,176.34 | 22,373.00 |
| Nov Inc | 7,183.54 | 8,693.00 |
| Onemain Holdings Inc | 6,635.87 | 2,975.00 |
| SUBTOTAL | 192,247.32 | 116,826.45 |
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Sources: Ncs Multistage Holdings Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Ncs Multistage Holdings Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Ncs Multistage Holdings Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Baker Hughes Company | Named by the company | 85% |
| Forum Energy Technologies, Inc. | Named by the company | 85% |
| Oil States International, Inc. | Named by the company | 85% |
| Weatherford International public limited company | Named by the company | 85% |
| Core Laboratories N.V. | Named by the company | 85% |
| Nine Energy Service, Inc. | Named by the company | 85% |
| Halliburton Company | Named by the company | 85% |
| DMC Global Inc. | Named by the company | 85% |
| Innovex Downhole Solutions | Named by the company | 85% |
| Schlumberger Limited | Named by the company | 85% |
| Schoeller-Bleckmann Oilfield Equipment AG | Named by the company | 85% |
| Packers Plus Energy Services | Named by the company | 85% |
| NOV Inc. | Named by the company | 85% |
| SLB | Named by the company | 85% |
| Rpc inc | Named by the company | 85% |
| Nov Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Ncs Multistage Holdings Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Ncs Multistage Holdings Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Ncs Multistage Holdings Inc | 143 | 666,062 | 68,342 |
| Slb Limited | 77,544 | 333,624 | 28,899 |
| Baker Hughes Company | 57,700 | 498,089 | 56,304 |
| Halliburton Company | 27,176 | 466,104 | 33,479 |
| Nov Inc | 7,184 | 275,051 | 3,069 |
| Onemain Holdings Inc | 6,636 | 319,892 | 85,591 |
| PEERS TOTAL | 192,104 | 390,701 | 30,645 |
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Ncs Multistage Holdings Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Ncs Multistage Holdings Inc | US 53.34 % |
| Slb Limited | Middle East 28.67 % |
| Halliburton Company | North America 39.54 % |
| Weatherford International Plc | Middle East and North Africa 41.32 % |
| Rpc inc | US 98.51 % |
| Select Water Solutions inc | Permian Basin 53.67 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Ncs Multistage Holdings Inc's Business Segment Mix vs Peers
Revenue by operating segment, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Slb Limited | Production Systems 42.03 % |
| Baker Hughes Company | Oilfield Services and Equipment 52.34 % |
| Halliburton Company | Completion and Production 55.83 % |
| Nov Inc | Services and Rental 22.90 % |
| Weatherford International Plc | Well Construction And Completion 38.45 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Ncs Multistage Holdings Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 113 companies in Ncs Multistage Holdings Inc's industry classification, broader than the peer set above. Market cap in millions of $.Ncs Multistage Holdings Inc ranks #0 of 113 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 787, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Shell Plc | 291,528 | 18.98 % |
| 2 | Totalenergies Se | 218,956 | 14.25 % |
| 3 | Canadian Natural Resources Limited | 105,431 | 6.86 % |
| 4 | Eni Spa | 96,790 | 6.30 % |
| 5 | Slb Limited | 1,234 | 5.2% |
| 6 | Eog Resources Inc | 1,234 | 5.2% |
| 7 | Occidental Petroleum Corporation | 1,234 | 5.2% |
| 8 | Cenovus Energy Inc | 1,234 | 5.2% |
| 9 | Diamondback Energy Inc | 1,234 | 5.2% |
| 10 | Devon Energy Corp | 1,234 | 5.2% |
| 0 | Ncs Multistage Holdings Inc | 143 | 0.00 % |
Market cap and industry share for the rest of Ncs Multistage Holdings Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-02.
Ncs Multistage Holdings Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil And Gas Production industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (165 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 40.12 % | 57.30 % (avg) | -17.2 pp |
| Operating Margin | 1.95 % | industry median | -9.1 pp |
| EBITDA Margin | 8.95 % | 11.81 % (avg) | -2.9 pp |
| Capital Intensity (Capex / Revenue) | 0.95 % | 24.95 % (avg) | -24.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Ncs Multistage Holdings Inc's Valuation vs Competitive Position
Valuation multiples vs the Oil And Gas Production industry average (165 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 9.3x | 15.8x | -6.5x |
| EV / EBITDA | 6.3x | 8.9x | -2.7x |
| P/B | 0.9x | 1.8x | -0.9x |
| Return on Equity | 13.40 % | industry aggregate | 1.41 % |
| Return on Invested Capital | 1.13 % | 5.38 % (avg) | -4.25 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Ncs Multistage Holdings Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue Growth | -9.46 % | -47.94 % | 10.77 % | 31.33 % | -8.46 % | 14.10 % | 12.96 % |
| Operating Margin | -4.62 % | -66.78 % | -4.32 % | -1.45 % | -3.88 % | 2.66 % | 5.74 % |
| Return on Invested Capital | -2.57 % | -28.55 % | -2.07 % | -0.92 % | -2.44 % | 1.71 % | 3.62 % |
| P/E | - | - | - | - | - | 10.1x | 4.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Ncs Multistage Holdings Inc's Strategic Group Map
Every company in Ncs Multistage Holdings Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Ncs Multistage Holdings Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Ncs Multistage Holdings Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 787 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.95 % vs industry average 24.95 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Ncs Multistage Holdings Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Ncs Multistage Holdings Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Ncs Multistage Holdings Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Ncs Multistage Holdings Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Ncs Multistage Holdings Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) — not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 9.1 points below the industry median.
- Latest-quarter revenue run-rate is decelerating (-15.3% annualized vs trailing 12 months).
Opportunities
- A meaningful share of tracked competitors (37.50 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Ncs Multistage Holdings Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Ncs Multistage Holdings Inc | 1.24 | 4.53 | 0.07 |
| Slb Limited | 0.20 | 1.37 | 0.38 |
| Baker Hughes Company | - | 1.58 | 0.46 |
| Halliburton Company | 0.36 | 2.02 | 0.68 |
| Nov Inc | 0.56 | 2.50 | 0.27 |
| Onemain Holdings Inc | 1.38 | 40.44 | 6.64 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Ncs Multistage Holdings Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Ncs Multistage Holdings Inc | Q2 2026 | +5.2 % | - |
| Slb Limited | Q2 2026 | +5.0 % | -22.2 % |
| Baker Hughes Company | Q1 2026 | +2.5 % | +129.3 % |
| Halliburton Company | Q2 2026 | +3.7 % | +11.3 % |
| Nov Inc | Q1 2026 | -2.4 % | -73.0 % |
| Onemain Holdings Inc | Q1 2026 | +9.5 % | +6.1 % |
| PEERS TOTAL | +3.4 % | +4.8 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Ncs Multistage Holdings Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Ncs Multistage Holdings Inc | Q2 2026 | +4.1 % | +82.6 % |
| Slb Limited | Q2 2026 | +79.3 % | +29.0 % |
| Baker Hughes Company | Q1 2026 | +3.1 % | +12.0 % |
| Halliburton Company | Q2 2026 | - | -33.6 % |
| Nov Inc | Q1 2026 | +1.0 % | -22.6 % |
| Onemain Holdings Inc | Q1 2026 | +2.0 % | - |
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Ncs Multistage Holdings Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Ncs Multistage Holdings Inc | 10.69% | 10.76% | 13.40% |
| Slb Limited | 5.73% | 7.18% | 11.58% |
| Baker Hughes Company | 7.43% | 11.19% | 16.88% |
| Halliburton Company | 6.36% | 7.98% | 15.08% |
| Nov Inc | 0.86% | 1.06% | 1.51% |
| Onemain Holdings Inc | 2.95% | 2.95% | 23.62% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Ncs Multistage Holdings Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Ncs Multistage Holdings Inc | 10.73 | 0.79 |
| Slb Limited | 24.64 | 2.13 |
| Baker Hughes Company | 18.46 | 2.07 |
| Halliburton Company | 17.07 | 1.21 |
| Nov Inc | 82.23 | 0.83 |
| Onemain Holdings Inc | 8.43 | 2.23 |
| PEERS AVERAGE | 20.97 | 1.65 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.