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Side-by-side financial comparison of FIVE STAR BANCORP (FSBC) 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 $45.1M, roughly 1.1× FIVE STAR BANCORP). FIVE STAR BANCORP runs the higher net margin — 41.3% vs 29.5%, a 11.7% gap on every dollar of revenue. Over the past eight quarters, FIVE STAR BANCORP's revenue compounded faster (21.3% CAGR vs 7.4%).

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

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.

FSBC vs NCSM — Head-to-Head

Bigger by revenue
NCSM
NCSM
1.1× larger
NCSM
$50.6M
$45.1M
FSBC
Higher net margin
FSBC
FSBC
11.7% more per $
FSBC
41.3%
29.5%
NCSM
Faster 2-yr revenue CAGR
FSBC
FSBC
Annualised
FSBC
21.3%
7.4%
NCSM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FSBC
FSBC
NCSM
NCSM
Revenue
$45.1M
$50.6M
Net Profit
$18.6M
$15.0M
Gross Margin
Operating Margin
10.3%
Net Margin
41.3%
29.5%
Revenue YoY
12.5%
Net Profit YoY
42.0%
331.0%
EPS (diluted)
$0.87
$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
FSBC
FSBC
NCSM
NCSM
Q1 26
$45.1M
Q4 25
$43.5M
$50.6M
Q3 25
$41.3M
$46.5M
Q2 25
$38.3M
$36.5M
Q1 25
$35.3M
$50.0M
Q4 24
$35.2M
$45.0M
Q3 24
$31.8M
$44.0M
Q2 24
$30.7M
$29.7M
Net Profit
FSBC
FSBC
NCSM
NCSM
Q1 26
$18.6M
Q4 25
$17.6M
$15.0M
Q3 25
$16.3M
$3.8M
Q2 25
$14.5M
$924.0K
Q1 25
$13.1M
$4.1M
Q4 24
$13.3M
$3.5M
Q3 24
$10.9M
$4.1M
Q2 24
$10.8M
$-3.1M
Operating Margin
FSBC
FSBC
NCSM
NCSM
Q1 26
Q4 25
52.9%
10.3%
Q3 25
53.8%
6.6%
Q2 25
52.4%
-5.6%
Q1 25
52.0%
8.6%
Q4 24
55.1%
6.5%
Q3 24
48.0%
6.9%
Q2 24
49.4%
-14.0%
Net Margin
FSBC
FSBC
NCSM
NCSM
Q1 26
41.3%
Q4 25
40.6%
29.5%
Q3 25
39.6%
8.2%
Q2 25
37.9%
2.5%
Q1 25
37.1%
8.1%
Q4 24
37.9%
7.7%
Q3 24
34.4%
9.4%
Q2 24
35.2%
-10.4%
EPS (diluted)
FSBC
FSBC
NCSM
NCSM
Q1 26
$0.87
Q4 25
$0.83
$5.43
Q3 25
$0.77
$1.37
Q2 25
$0.68
$0.34
Q1 25
$0.62
$1.51
Q4 24
$0.61
$1.34
Q3 24
$0.52
$1.60
Q2 24
$0.51
$-1.21

Balance Sheet & Financial Strength

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

Metric
FSBC
FSBC
NCSM
NCSM
Cash + ST InvestmentsLiquidity on hand
$644.4M
$36.7M
Total DebtLower is stronger
$5.3M
Stockholders' EquityBook value
$458.5M
$126.2M
Total Assets
$5.0B
$181.2M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSBC
FSBC
NCSM
NCSM
Q1 26
$644.4M
Q4 25
$36.7M
Q3 25
$25.3M
Q2 25
$25.4M
Q1 25
$23.0M
Q4 24
$25.9M
Q3 24
$15.3M
Q2 24
$18.6M
Total Debt
FSBC
FSBC
NCSM
NCSM
Q1 26
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
Stockholders' Equity
FSBC
FSBC
NCSM
NCSM
Q1 26
$458.5M
Q4 25
$445.8M
$126.2M
Q3 25
$431.3M
$110.1M
Q2 25
$416.7M
$106.4M
Q1 25
$406.5M
$103.2M
Q4 24
$396.6M
$98.8M
Q3 24
$389.9M
$96.0M
Q2 24
$380.5M
$91.0M
Total Assets
FSBC
FSBC
NCSM
NCSM
Q1 26
$5.0B
Q4 25
$4.8B
$181.2M
Q3 25
$4.6B
$162.0M
Q2 25
$4.4B
$158.0M
Q1 25
$4.2B
$155.1M
Q4 24
$4.1B
$152.8M
Q3 24
$3.9B
$145.8M
Q2 24
$3.6B
$139.4M
Debt / Equity
FSBC
FSBC
NCSM
NCSM
Q1 26
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×

Cash Flow & Capital Efficiency

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

Metric
FSBC
FSBC
NCSM
NCSM
Operating Cash FlowLast quarter
$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
FSBC
FSBC
NCSM
NCSM
Q1 26
Q4 25
$72.6M
$13.1M
Q3 25
$18.8M
$7.2M
Q2 25
$17.8M
$3.5M
Q1 25
$15.5M
$-1.6M
Q4 24
$51.8M
$10.6M
Q3 24
$17.5M
$-2.0M
Q2 24
$16.0M
$6.0M
Free Cash Flow
FSBC
FSBC
NCSM
NCSM
Q1 26
Q4 25
$71.4M
$12.9M
Q3 25
$18.6M
$6.9M
Q2 25
$17.5M
$3.2M
Q1 25
$15.4M
$-2.1M
Q4 24
$51.2M
$10.4M
Q3 24
$17.3M
$-2.5M
Q2 24
$15.8M
$5.6M
FCF Margin
FSBC
FSBC
NCSM
NCSM
Q1 26
Q4 25
164.3%
25.5%
Q3 25
45.0%
14.9%
Q2 25
45.8%
8.9%
Q1 25
43.5%
-4.2%
Q4 24
145.5%
23.1%
Q3 24
54.5%
-5.6%
Q2 24
51.6%
19.0%
Capex Intensity
FSBC
FSBC
NCSM
NCSM
Q1 26
Q4 25
2.8%
0.4%
Q3 25
0.5%
0.5%
Q2 25
0.6%
0.8%
Q1 25
0.3%
0.9%
Q4 24
1.8%
0.5%
Q3 24
0.7%
1.0%
Q2 24
0.7%
1.1%
Cash Conversion
FSBC
FSBC
NCSM
NCSM
Q1 26
Q4 25
4.12×
0.88×
Q3 25
1.15×
1.88×
Q2 25
1.23×
3.81×
Q1 25
1.18×
-0.41×
Q4 24
3.89×
3.07×
Q3 24
1.60×
-0.49×
Q2 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSBC
FSBC

Net Interest Income$43.5M96%
Noninterest Income$1.6M4%

NCSM
NCSM

Products$33.8M67%
Services$16.8M33%

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