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

RPC INC is the larger business by last-quarter revenue ($425.8M vs $50.6M, roughly 8.4× NCS Multistage Holdings, Inc.). NCS Multistage Holdings, Inc. runs the higher net margin — 29.5% vs -0.7%, a 30.3% gap on every dollar of revenue. On growth, RPC INC posted the faster year-over-year revenue change (27.0% vs 12.5%). RPC INC produced more free cash flow last quarter ($31.2M vs $12.9M). Over the past eight quarters, NCS Multistage Holdings, Inc.'s revenue compounded faster (7.4% CAGR vs 6.2%).

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.

RPC Group plc is based in the United Kingdom, and is one of Europe's largest supplier of plastic packaging. Its headquarters are in Rushden in Northamptonshire. It was listed on the London Stock Exchange until it was acquired in 2019 by Berry Global Group Inc, which in turn was acquired by Amcor in 2025.

NCSM vs RES — Head-to-Head

Bigger by revenue
RES
RES
8.4× larger
RES
$425.8M
$50.6M
NCSM
Growing faster (revenue YoY)
RES
RES
+14.5% gap
RES
27.0%
12.5%
NCSM
Higher net margin
NCSM
NCSM
30.3% more per $
NCSM
29.5%
-0.7%
RES
More free cash flow
RES
RES
$18.3M more FCF
RES
$31.2M
$12.9M
NCSM
Faster 2-yr revenue CAGR
NCSM
NCSM
Annualised
NCSM
7.4%
6.2%
RES

Income Statement — Q4 2025 vs Q4 2025

Metric
NCSM
NCSM
RES
RES
Revenue
$50.6M
$425.8M
Net Profit
$15.0M
$-3.1M
Gross Margin
21.0%
Operating Margin
10.3%
-0.9%
Net Margin
29.5%
-0.7%
Revenue YoY
12.5%
27.0%
Net Profit YoY
331.0%
-124.0%
EPS (diluted)
$5.43
$-0.02

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
NCSM
NCSM
RES
RES
Q4 25
$50.6M
$425.8M
Q3 25
$46.5M
$447.1M
Q2 25
$36.5M
$420.8M
Q1 25
$50.0M
$332.9M
Q4 24
$45.0M
$335.4M
Q3 24
$44.0M
$337.7M
Q2 24
$29.7M
$364.2M
Q1 24
$43.9M
$377.8M
Net Profit
NCSM
NCSM
RES
RES
Q4 25
$15.0M
$-3.1M
Q3 25
$3.8M
$13.0M
Q2 25
$924.0K
$10.1M
Q1 25
$4.1M
$12.0M
Q4 24
$3.5M
$12.8M
Q3 24
$4.1M
$18.8M
Q2 24
$-3.1M
$32.4M
Q1 24
$2.1M
$27.5M
Gross Margin
NCSM
NCSM
RES
RES
Q4 25
21.0%
Q3 25
25.1%
Q2 25
24.5%
Q1 25
26.7%
Q4 24
25.4%
Q3 24
26.7%
Q2 24
28.0%
Q1 24
26.8%
Operating Margin
NCSM
NCSM
RES
RES
Q4 25
10.3%
-0.9%
Q3 25
6.6%
4.7%
Q2 25
-5.6%
3.7%
Q1 25
8.6%
3.7%
Q4 24
6.5%
3.1%
Q3 24
6.9%
5.7%
Q2 24
-14.0%
9.7%
Q1 24
5.7%
8.6%
Net Margin
NCSM
NCSM
RES
RES
Q4 25
29.5%
-0.7%
Q3 25
8.2%
2.9%
Q2 25
2.5%
2.4%
Q1 25
8.1%
3.6%
Q4 24
7.7%
3.8%
Q3 24
9.4%
5.6%
Q2 24
-10.4%
8.9%
Q1 24
4.7%
7.3%
EPS (diluted)
NCSM
NCSM
RES
RES
Q4 25
$5.43
$-0.02
Q3 25
$1.37
$0.06
Q2 25
$0.34
$0.05
Q1 25
$1.51
$0.06
Q4 24
$1.34
$0.06
Q3 24
$1.60
$0.09
Q2 24
$-1.21
$0.15
Q1 24
$0.82
$0.13

Balance Sheet & Financial Strength

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

Metric
NCSM
NCSM
RES
RES
Cash + ST InvestmentsLiquidity on hand
$36.7M
$210.0M
Total DebtLower is stronger
$5.3M
Stockholders' EquityBook value
$126.2M
$1.1B
Total Assets
$181.2M
$1.5B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NCSM
NCSM
RES
RES
Q4 25
$36.7M
$210.0M
Q3 25
$25.3M
$163.5M
Q2 25
$25.4M
$162.1M
Q1 25
$23.0M
$326.7M
Q4 24
$25.9M
$326.0M
Q3 24
$15.3M
$276.9M
Q2 24
$18.6M
$261.5M
Q1 24
$14.0M
$212.2M
Total Debt
NCSM
NCSM
RES
RES
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
NCSM
NCSM
RES
RES
Q4 25
$126.2M
$1.1B
Q3 25
$110.1M
$1.1B
Q2 25
$106.4M
$1.1B
Q1 25
$103.2M
$1.1B
Q4 24
$98.8M
$1.1B
Q3 24
$96.0M
$1.1B
Q2 24
$91.0M
$1.1B
Q1 24
$93.7M
$1.0B
Total Assets
NCSM
NCSM
RES
RES
Q4 25
$181.2M
$1.5B
Q3 25
$162.0M
$1.5B
Q2 25
$158.0M
$1.5B
Q1 25
$155.1M
$1.3B
Q4 24
$152.8M
$1.4B
Q3 24
$145.8M
$1.3B
Q2 24
$139.4M
$1.3B
Q1 24
$140.9M
$1.3B
Debt / Equity
NCSM
NCSM
RES
RES
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
NCSM
NCSM
RES
RES
Operating Cash FlowLast quarter
$13.1M
$61.9M
Free Cash FlowOCF − Capex
$12.9M
$31.2M
FCF MarginFCF / Revenue
25.5%
7.3%
Capex IntensityCapex / Revenue
0.4%
7.2%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$21.0M
$52.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NCSM
NCSM
RES
RES
Q4 25
$13.1M
$61.9M
Q3 25
$7.2M
$46.5M
Q2 25
$3.5M
$53.1M
Q1 25
$-1.6M
$39.9M
Q4 24
$10.6M
$94.2M
Q3 24
$-2.0M
$70.7M
Q2 24
$6.0M
$127.9M
Q1 24
$-1.9M
$56.6M
Free Cash Flow
NCSM
NCSM
RES
RES
Q4 25
$12.9M
$31.2M
Q3 25
$6.9M
$4.1M
Q2 25
$3.2M
$10.0M
Q1 25
$-2.1M
$7.6M
Q4 24
$10.4M
$53.7M
Q3 24
$-2.5M
$19.1M
Q2 24
$5.6M
$52.9M
Q1 24
$-2.2M
$3.8M
FCF Margin
NCSM
NCSM
RES
RES
Q4 25
25.5%
7.3%
Q3 25
14.9%
0.9%
Q2 25
8.9%
2.4%
Q1 25
-4.2%
2.3%
Q4 24
23.1%
16.0%
Q3 24
-5.6%
5.6%
Q2 24
19.0%
14.5%
Q1 24
-5.0%
1.0%
Capex Intensity
NCSM
NCSM
RES
RES
Q4 25
0.4%
7.2%
Q3 25
0.5%
9.5%
Q2 25
0.8%
10.2%
Q1 25
0.9%
9.7%
Q4 24
0.5%
12.1%
Q3 24
1.0%
15.3%
Q2 24
1.1%
20.6%
Q1 24
0.7%
14.0%
Cash Conversion
NCSM
NCSM
RES
RES
Q4 25
0.88×
Q3 25
1.88×
3.59×
Q2 25
3.81×
5.23×
Q1 25
-0.41×
3.31×
Q4 24
3.07×
7.38×
Q3 24
-0.49×
3.76×
Q2 24
3.95×
Q1 24
-0.91×
2.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NCSM
NCSM

Products$33.8M67%
Services$16.8M33%

RES
RES

Technical Service$405.2M95%
Other$8.8M2%
Nitrogen$6.6M2%

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