NCS Multistage HoldingsNCSM -2.27%64 Gross Margin % is 36.32% as of Mar. 2026, which is 2% below its 10-year median of 37.20. GuruFocus rates NCSM with a GF Score™ of 64/100 and a GF Value™ of $25.92 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 872 Oil & Gas companies, NCS Multistage Holdings ranks better than 65.02% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
NCS Multistage Holdings had a gross margin of 36.32% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
NCS Multistage Holdings Gross Margin % Related Terms
NCS Multistage Holdings Gross Margin % Historical Data
* 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.
NCSM vs QSEP, GEOS, STAK: Gross Margin % Comparison
For the Oil & Gas Equipment & Services subindustry, NCS Multistage Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NCS Multistage Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where NCS Multistage Holdings's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
NCS Multistage Holdings (NCSM) has a Gross Margin % of 36.32% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on NCS Multistage Holdings and its competitors. This is near median its historical median of 37.20. Over the past decade, NCS Multistage Holdings' Gross Margin % has ranged from 19.37 to 44.42. According to the industry distribution chart, NCS Multistage Holdings ranks #305 out of 872 companies in the Oil & Gas industry, placing it in the top 35%.
Is NCS Multistage Holdings' Gross Margin % too high?
NCS Multistage Holdings' current Gross Margin % of 36.32% is near median its 10-year median of 37.20. Over the past 10 years, this metric has ranged from a low of 19.37 to a high of 44.42. The Oil & Gas industry median Gross Margin % is 25.54. NCS Multistage Holdings' value of 36.32% is 42.2% above this industry median. Based on the distribution chart, NCS Multistage Holdings ranks #305 out of 872 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, NCS Multistage Holdings has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCS Multistage Holdings' Gross Margin % compare to QSEP and GEOS?
According to the Oil & Gas industry distribution chart, NCS Multistage Holdings ranks #305 out of 872 companies for Gross Margin %. This puts NCS Multistage Holdings in the upper half of its industry. The industry median Gross Margin % is 25.54. NCS Multistage Holdings' value of 36.32% is 42.2% above this benchmark. Historically, NCS Multistage Holdings' own Gross Margin % has ranged from 19.37 to 44.42 over the past decade. While the company's 10-year median is 37.20 vs. the industry median of 25.54, NCS Multistage Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.54, based on 872 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NCS Multistage Holdings's current Gross Margin % of 36.32% is 42.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on NCS Multistage Holdings and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCS Multistage Holdings's current Gross Margin % is 36.32%, which is near median its own 10-year median of 37.20. 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 $25.92, compared to a current price of $44.24 — trading 70.7% above its estimated fair value. The current Gross Margin % is 36.32%, which is near median its 10-year median of 37.20 and 42.2% above the Oil & Gas industry median of 25.54. NCS Multistage Holdings' overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For NCS Multistage Holdings (NCSM), the current Gross Margin % is 36.32% 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 $44.24 is trading 70.7% above its estimated GF Value™ of $25.92.
GuruFocus considers NCS Multistage Holdings to be Significantly Overvalued.
Key valuation signals for NCSM:
Gross Margin %: 36.32% (near median its 10-year median of 37.20)
GF Value™: $25.92 vs. price of $44.24 (70.7% above fair value)
Industry Position: 42.2% above the Oil & Gas median (#305 of 872)
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 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.
64GF Score
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