All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
4 warning events since 2017; the latest 2026-09-01.
From the record
NCS Multistage Holdings, Inc.'s filings since 2017 show 4 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2026-09-01); an auditor change (8-K item 4.01, the latest 2021-03-25) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+13.5% a year over 3 filed years; profitable in 2 of 3.
From the record
NCS Multistage Holdings, Inc.'s 3 filed years say what it did: revenue went from $142 million in fiscal 2023 to $184 million in fiscal 2025, up 13.5% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 2 of 3 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 4.1% a year. 0% of cash flow returned. Insiders: 2 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, NCS Multistage Holdings, Inc.'s diluted share count grew about 4.1% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 17%: 17¢ of profit per shareholder dollar. Leverage 21%: owes 21¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, NCS Multistage Holdings, Inc. earned about 17 cents of profit for every dollar of shareholders' money. Leverage: it owed about 21 cents per dollar of assets, and net share issuance: its share count grew 6.0% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 39% of 20 in its family; net margin 12.9%.
From the record
NCS Multistage Holdings, Inc.'s standing among 20 graded names in its industry family: revenue of $184 million in fiscal 2025 ranks in the bottom 14% by size; a net margin of 12.9% ranks in the top 2%; revenue growth of 13.5% a year over the last 2 filed years ranks in the top 27% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 28% of 17 in its family for leadership; chief executive since 2022.
From the record
NCS Multistage Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Hummer, Ryan (Chief Executive Officer and Director, as filed), filing under that title since 2022-11-03, 4 years (bottom 30% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 9.5 years (top 4%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 11%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 28% of 20 in its family for room to expand.
From the record
NCS Multistage Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $37 million against debt of $5 million leaves 17.4% of its assets as net cash, top 8% of its family; cash from operations less capital spending is 11.4% of revenue (top 7%); research spending of 1.1% of revenue (bottom 30%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 50% of 20 in its family for growth drivers.
From the record
NCS Multistage Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 13.5% a year over the last three filed years against 13.5% over all 3, speeding up (top 35% of its family); the newest year grew 13% (top 17%); research spending grew -9.5% a year (bottom 10%); capital spending grew 5.1% a year (bottom 43%) (its annual reports). NCS Multistage Holdings, Inc. reported 2 product lines in fiscal 2025: Product at $128 million (70%), Service at $56 million (30%); 2 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
SI estimate 4.9/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: NCS Multistage Holdings, Inc.'s expectations vs reality is put at 4.9 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 19 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made