NCS Multistage Holdings (NCSM) Reports Better-than-Expected Results for Q4 2025

Core Insights - NCS Multistage Holdings, Inc. (NASDAQ:NCSM) is highlighted as a key player in the energy sector, particularly in the context of rising oil prices and market conditions [1]. Financial Performance - For Q4 2025, NCSM reported an EPS of $5.34, surpassing expectations by $4.67, with a revenue increase of 13% YoY to $50.6 million, driven by growth in the US, Canada, and international markets despite industry challenges [3]. - The total revenue for the full year 2025 also rose by 13% YoY to $183.6 million, with operating income more than doubling to $10.5 million. Adjusted EBITDA for FY 2025 was reported at $26.7 million, reflecting a nearly 20% increase from the previous year [4]. - Free cash flow after distributions to non-controlling interest reached $18.9 million in 2025, marking a YoY improvement of $9 million [4]. Future Guidance - NCSM is targeting a revenue range of $184 million to $194 million for FY 2026, with expected adjusted EBITDA between $26 million and $29 million. The company anticipates free cash flow after distributions to non-controlling interest to be between $12 million to $16 million [5].