NCS Multistage Holdings Inc (NCSM)
NASDAQEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
$53.350.00%
Close 2026-09-02 · 1-day change
NASDAQEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · NCSM
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Finalize the merger transaction with Weatherford International and integrate operations as a wholly owned subsidiary.
Stated as a priority in 3 disclosures including 2026-Q1 and 2026-Q2 press releases and a 2026-08-24 filing. The merger is expected to close in the second half of 2026. Financial results show ongoing operations with revenue of $38.4M in 2026-Q2 and $45.6M in 2026-Q1 as the merger progresses. The trajectory is delivering as management consistently emphasizes completion and integration.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Energy names rated weak grew net income 60% of the time over the next year (vs 55% for the rest of the cohort, n=1735).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“We continue to bring world-class products and service as we progress toward our pending combination with Weatherford.”
“We remain confident in our full year 2026 outlook and well positioned to execute our long-term growth strategy including the pending merger.”
Achieve at least $15 million in annual run-rate cost synergies within 18 months following the Weatherford merger closing.
Stated in 2 disclosures including 2026-06-02 and 2026-Q2 press release. Management expects $15 million annual cost synergies within 18 months post-merger. Financials show increased SG&A expenses in 2026-Q2 due to acquisition-related fees, indicating upfront costs before synergy realization. The trajectory is mixed with upfront costs but planned cost savings.
“Higher professional fees associated with strategic acquisition-related activities including the Weatherford transaction.”
Drive growth through expanding U.S. completions offerings and leveraging new products and services.
Stated in 2 quarters (2026-Q1 and 2026-Q2). Revenue growth in 2026-Q2 was $38.4M, up 5% year-over-year, driven by U.S. Repeat Precision and tracer diagnostics. U.S. revenues increased 7% quarter-over-quarter in 2026-Q2. The trajectory is delivering with growth in U.S. completions as management emphasized.
“Revenue growth driven by portfolio of differentiated products led by Repeat Precision and U.S. tracer diagnostics.”
“Increased customer engagement across U.S. completions offerings with operational success at Repeat Precision.”
Focus on financial discipline including managing SG&A expenses and generating positive cash flow.
Stated in 2 quarters (2026-Q1 and 2026-Q2). SG&A expenses decreased from $16.2M in 2025-Q1 to $15.7M in 2026-Q1, showing financial discipline. Operating cash flow improved from negative $1.6M in 2025-Q1 to positive $1.3M in 2026-Q1. However, SG&A increased in 2026-Q2 due to acquisition costs. The trajectory shows mixed progress with discipline maintained but acquisition costs impacting expenses.
“SG&A expenses increased due to acquisition-related fees but overall financial discipline remains a focus.”
“Reduced SG&A expenses compared to prior year and generated free cash flow after distributions.”
Over the trailing year it converted 0.09x of net income into operating cash flow. Historically, Energy names rated fragile grew net income 36% of the time over the next year (vs 47% for the rest of the cohort, n=996).
Not enough signal yet.
Not enough signal to read sensitivity to the US dollar, the broad stock market, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates (low R² over the window).
7 material management or governance events in the past 24 months, led by M&A activity. Historically, Energy names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=807).
Not investment advice. As of 2026-09-04.