NCSM (NCS Multistage Holdings) EBIT: $14.5 Mil (TTM As of Mar. 2026)

What is NCS Multistage Holdings EBIT?

NCS Multistage Holdings NCSM +1.28% 66 EBIT is $14.5 Mil as of Mar. 2026. GuruFocus rates NCSM with a GF Score™ of 66/100 and a GF Value™ of $25.91 (Significantly Overvalued). The stock has 4 warning signs investors should review.

NCS Multistage Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $2.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $14.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NCS Multistage Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 1.84%. NCS Multistage Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NCS Multistage Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.37%.

NCS Multistage Holdings (NAS:NCSM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NCS Multistage Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	3.392 * ( 1 - 32.39% )	/	( (125.345	+	123.707)	/ 2 )
=	2.2933312	/	124.526
=	1.84 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	181.199	-	19.129	-	( 36.725	-	max(0, 28.526	-	121.918	+	36.725	))
=	125.345

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	174.583	-	16.418	-	( 34.458	-	max(0, 21.878	-	116.992	+	34.458	))
=	123.707

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

NCS Multistage Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	10.404	/	( ( (24.666 + max(56.995, 0))	+	(23.738 + max(60.223, 0)) )	/	2 )
=	10.404	/	( ( 81.661	+	83.961 )	/	2 )
=	10.404	/	82.811
=	12.56 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(40.507	+	39.011	+	2.031)	-	(19.129	+	0	+	5.425)
=	56.995

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(35.798	+	40.78	+	1.698)	-	(16.418	+	0	+	1.635)
=	60.223

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

NCS Multistage Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	14.503	/	117.281
	=	12.37 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NCS Multistage Holdings EBIT Related Terms

NCS Multistage Holdings EBIT Historical Data

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The historical data trend for NCS Multistage Holdings's EBIT can be seen below:

NCS Multistage Holdings EBIT Chart

NCS Multistage Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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-2.78

0.41

-2.76

8.67

17.07

NCS Multistage Holdings Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															5.17	0.73	3.79	7.38	2.60

NCSM vs GEOS, DWSN, DTI: EBIT Comparison

For the Oil & Gas Equipment & Services subindustry, NCS Multistage Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NCS Multistage Holdings EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NCS Multistage Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where NCS Multistage Holdings's EV-to-EBIT falls into.

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66GF Score

NCS Multistage Holdings Inc NCSM

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NCS Multistage Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.5 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $14.5 Mil mean?

NCS Multistage Holdings (NCSM) has a EBIT of $14.5 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NCS Multistage Holdings.

Is NCS Multistage Holdings' EBIT too high?

NCS Multistage Holdings' current EBIT is $14.5 Mil. Overall, NCS Multistage Holdings has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does NCS Multistage Holdings' EBIT compare to GEOS and DWSN?

NCS Multistage Holdings' EBIT of $14.5 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Oil & Gas company?

A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NCS Multistage Holdings. NCS Multistage Holdings's current EBIT is $14.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NCS Multistage Holdings stock overvalued right now?

Based on GuruFocus' analysis, NCS Multistage Holdings (NCSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.91, compared to a current price of $45.97 — trading 77.4% above its estimated fair value. The current EBIT is $14.5 Mil. NCS Multistage Holdings' overall GF Score™ is 66/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For NCS Multistage Holdings (NCSM), the current EBIT is $14.5 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NCS Multistage Holdings (NCSM) Overvalued in 2026?

Based on GuruFocus' analysis, NCS Multistage Holdings stock appears to be overvalued. The current stock price of $45.97 is trading 77.4% above its estimated GF Value™ of $25.91. GuruFocus considers NCS Multistage Holdings to be Significantly Overvalued.

Key valuation signals for NCSM:

EBIT: $14.5 Mil
GF Value™: $25.91 vs. price of $45.97 (77.4% above fair value)
GF Score™: 66/100 with 4 warning signs

No single metric tells the full story. See the NCSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NCS Multistage Holdings Business Description

Industry Energy Oil & Gas

Comparable Companies GEOS DWSN DTI NINE LSE QSEP KLXE RCON SND KLNG SLB BKR HAL MIL:TEN FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT SHSE:601808

Other Exchanges MUH0:Germany

Address 19350 State Highway 249, Suite 600, Houston, TX, USA, 77070

Website https://www.ncsmultistage.com

NCS Multistage Holdings Inc is a provider of engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completion, and field development strategies. The company provides its products and services to E&P companies for use in onshore and offshore wells, predominantly those drilled with horizontal laterals in unconventional and conventional oil and natural gas formations. It also provides tracer diagnostics services and sells products for well construction including casing buoyancy systems, liner hanger systems and toe initiation sleeves, along with certain complementary products from third parties. The company operates in the United States, Canada and other countries, with the majority of its revenue generated from Canada.

66GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$45.97

Price

$25.91

GF Value

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