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Side-by-side financial comparison of Dominari Holdings Inc. (DOMH) and NCS Multistage Holdings, Inc. (NCSM). Click either name above to swap in a different company.

NCS Multistage Holdings, Inc. is the larger business by last-quarter revenue ($50.6M vs $30.1M, roughly 1.7× Dominari Holdings Inc.). NCS Multistage Holdings, Inc. runs the higher net margin — 29.5% vs -438.1%, a 467.7% gap on every dollar of revenue. On growth, Dominari Holdings Inc. posted the faster year-over-year revenue change (220.4% vs 12.5%). Over the past eight quarters, Dominari Holdings Inc.'s revenue compounded faster (369.1% CAGR vs 7.4%).

NCS Multistage Holdings, Inc. is a global oilfield services and energy technology provider specializing in engineered completion systems for onshore and offshore oil and gas production. It offers multistage fracturing tools that optimize well performance, serving major operators across North America, Latin America, the Middle East and Asia-Pacific, focusing on boosting operational efficiency and resource recovery for upstream energy clients.

DOMH vs NCSM — Head-to-Head

Bigger by revenue
NCSM
NCSM
1.7× larger
NCSM
$50.6M
$30.1M
DOMH
Growing faster (revenue YoY)
DOMH
DOMH
+207.9% gap
DOMH
220.4%
12.5%
NCSM
Higher net margin
NCSM
NCSM
467.7% more per $
NCSM
29.5%
-438.1%
DOMH
Faster 2-yr revenue CAGR
DOMH
DOMH
Annualised
DOMH
369.1%
7.4%
NCSM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOMH
DOMH
NCSM
NCSM
Revenue
$30.1M
$50.6M
Net Profit
$-131.8M
$15.0M
Gross Margin
Operating Margin
-8.9%
10.3%
Net Margin
-438.1%
29.5%
Revenue YoY
220.4%
12.5%
Net Profit YoY
-12426.2%
331.0%
EPS (diluted)
$-6.94
$5.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOMH
DOMH
NCSM
NCSM
Q4 25
$30.1M
$50.6M
Q3 25
$50.8M
$46.5M
Q2 25
$34.1M
$36.5M
Q1 25
$8.1M
$50.0M
Q4 24
$9.4M
$45.0M
Q3 24
$4.0M
$44.0M
Q2 24
$6.2M
$29.7M
Q1 24
$1.4M
$43.9M
Net Profit
DOMH
DOMH
NCSM
NCSM
Q4 25
$-131.8M
$15.0M
Q3 25
$125.2M
$3.8M
Q2 25
$16.6M
$924.0K
Q1 25
$-32.5M
$4.1M
Q4 24
$1.1M
$3.5M
Q3 24
$-4.2M
$4.1M
Q2 24
$-6.1M
$-3.1M
Q1 24
$-5.4M
$2.1M
Operating Margin
DOMH
DOMH
NCSM
NCSM
Q4 25
-8.9%
10.3%
Q3 25
-3.1%
6.6%
Q2 25
-57.0%
-5.6%
Q1 25
-394.6%
8.6%
Q4 24
0.4%
6.5%
Q3 24
-79.1%
6.9%
Q2 24
-44.3%
-14.0%
Q1 24
-205.2%
5.7%
Net Margin
DOMH
DOMH
NCSM
NCSM
Q4 25
-438.1%
29.5%
Q3 25
246.4%
8.2%
Q2 25
48.7%
2.5%
Q1 25
-400.5%
8.1%
Q4 24
11.4%
7.7%
Q3 24
-104.2%
9.4%
Q2 24
-99.1%
-10.4%
Q1 24
-398.0%
4.7%
EPS (diluted)
DOMH
DOMH
NCSM
NCSM
Q4 25
$-6.94
$5.43
Q3 25
$7.27
$1.37
Q2 25
$1.12
$0.34
Q1 25
$-3.02
$1.51
Q4 24
$0.21
$1.34
Q3 24
$-0.67
$1.60
Q2 24
$-1.01
$-1.21
Q1 24
$-0.91
$0.82

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOMH
DOMH
NCSM
NCSM
Cash + ST InvestmentsLiquidity on hand
$80.5M
$36.7M
Total DebtLower is stronger
$5.3M
Stockholders' EquityBook value
$69.4M
$126.2M
Total Assets
$112.9M
$181.2M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOMH
DOMH
NCSM
NCSM
Q4 25
$80.5M
$36.7M
Q3 25
$176.2M
$25.3M
Q2 25
$28.2M
$25.4M
Q1 25
$18.9M
$23.0M
Q4 24
$8.2M
$25.9M
Q3 24
$7.2M
$15.3M
Q2 24
$12.1M
$18.6M
Q1 24
$7.1M
$14.0M
Total Debt
DOMH
DOMH
NCSM
NCSM
Q4 25
$5.3M
Q3 25
$5.1M
Q2 25
$5.5M
Q1 25
$5.4M
Q4 24
$6.0M
Q3 24
$6.5M
Q2 24
$6.8M
Q1 24
$6.4M
Stockholders' Equity
DOMH
DOMH
NCSM
NCSM
Q4 25
$69.4M
$126.2M
Q3 25
$210.2M
$110.1M
Q2 25
$88.6M
$106.4M
Q1 25
$42.4M
$103.2M
Q4 24
$39.9M
$98.8M
Q3 24
$38.3M
$96.0M
Q2 24
$42.4M
$91.0M
Q1 24
$47.7M
$93.7M
Total Assets
DOMH
DOMH
NCSM
NCSM
Q4 25
$112.9M
$181.2M
Q3 25
$223.4M
$162.0M
Q2 25
$109.3M
$158.0M
Q1 25
$52.3M
$155.1M
Q4 24
$47.1M
$152.8M
Q3 24
$43.4M
$145.8M
Q2 24
$49.1M
$139.4M
Q1 24
$52.2M
$140.9M
Debt / Equity
DOMH
DOMH
NCSM
NCSM
Q4 25
0.04×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.06×
Q3 24
0.07×
Q2 24
0.08×
Q1 24
0.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOMH
DOMH
NCSM
NCSM
Operating Cash FlowLast quarter
$22.7M
$13.1M
Free Cash FlowOCF − Capex
$12.9M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$21.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOMH
DOMH
NCSM
NCSM
Q4 25
$22.7M
$13.1M
Q3 25
$-4.9M
$7.2M
Q2 25
$-353.0K
$3.5M
Q1 25
$1.2M
$-1.6M
Q4 24
$-16.7M
$10.6M
Q3 24
$-4.7M
$-2.0M
Q2 24
$1.4M
$6.0M
Q1 24
$-8.6M
$-1.9M
Free Cash Flow
DOMH
DOMH
NCSM
NCSM
Q4 25
$12.9M
Q3 25
$6.9M
Q2 25
$3.2M
Q1 25
$-2.1M
Q4 24
$10.4M
Q3 24
$-2.5M
Q2 24
$5.6M
Q1 24
$-2.2M
FCF Margin
DOMH
DOMH
NCSM
NCSM
Q4 25
25.5%
Q3 25
14.9%
Q2 25
8.9%
Q1 25
-4.2%
Q4 24
23.1%
Q3 24
-5.6%
Q2 24
19.0%
Q1 24
-5.0%
Capex Intensity
DOMH
DOMH
NCSM
NCSM
Q4 25
0.4%
Q3 25
0.5%
Q2 25
0.8%
Q1 25
0.9%
Q4 24
0.5%
Q3 24
1.0%
Q2 24
1.1%
Q1 24
0.7%
Cash Conversion
DOMH
DOMH
NCSM
NCSM
Q4 25
0.88×
Q3 25
-0.04×
1.88×
Q2 25
-0.02×
3.81×
Q1 25
-0.41×
Q4 24
-15.65×
3.07×
Q3 24
-0.49×
Q2 24
Q1 24
-0.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOMH
DOMH

Chief Operating Decision Maker$30.1M100%
Commissions$458.0K2%

NCSM
NCSM

Products$33.8M67%
Services$16.8M33%

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