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Side-by-side financial comparison of NCS Multistage Holdings, Inc. (NCSM) and SOUTHERN FIRST BANCSHARES INC (SFST). 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 $31.8M, roughly 1.6× SOUTHERN FIRST BANCSHARES INC). On growth, SOUTHERN FIRST BANCSHARES INC posted the faster year-over-year revenue change (26.1% vs 12.5%). SOUTHERN FIRST BANCSHARES INC produced more free cash flow last quarter ($29.9M vs $12.9M). Over the past eight quarters, SOUTHERN FIRST BANCSHARES INC's revenue compounded faster (22.2% 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.

First Community Bankshares, Inc. is a $2.43 billion bank holding company and the parent company of First Community Bank of Bluefield, Virginia, in the United States. As of 2012 First Community Bank had 45 locations in Virginia, West Virginia, and North Carolina, and two locations operating as Peoples Community Bank in Tennessee. As of April 21, 2023, First Community had $3.6 billion in assets.

NCSM vs SFST — Head-to-Head

Bigger by revenue
NCSM
NCSM
1.6× larger
NCSM
$50.6M
$31.8M
SFST
Growing faster (revenue YoY)
SFST
SFST
+13.6% gap
SFST
26.1%
12.5%
NCSM
More free cash flow
SFST
SFST
$17.0M more FCF
SFST
$29.9M
$12.9M
NCSM
Faster 2-yr revenue CAGR
SFST
SFST
Annualised
SFST
22.2%
7.4%
NCSM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NCSM
NCSM
SFST
SFST
Revenue
$50.6M
$31.8M
Net Profit
$15.0M
Gross Margin
Operating Margin
10.3%
40.1%
Net Margin
29.5%
Revenue YoY
12.5%
26.1%
Net Profit YoY
331.0%
EPS (diluted)
$5.43
$1.19

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
SFST
SFST
Q4 25
$50.6M
$31.8M
Q3 25
$46.5M
$31.1M
Q2 25
$36.5M
$28.6M
Q1 25
$50.0M
$26.5M
Q4 24
$45.0M
$25.2M
Q3 24
$44.0M
$23.8M
Q2 24
$29.7M
$23.1M
Q1 24
$43.9M
$21.3M
Net Profit
NCSM
NCSM
SFST
SFST
Q4 25
$15.0M
Q3 25
$3.8M
$8.7M
Q2 25
$924.0K
$6.6M
Q1 25
$4.1M
$5.3M
Q4 24
$3.5M
Q3 24
$4.1M
$4.4M
Q2 24
$-3.1M
$3.0M
Q1 24
$2.1M
$2.5M
Operating Margin
NCSM
NCSM
SFST
SFST
Q4 25
10.3%
40.1%
Q3 25
6.6%
36.4%
Q2 25
-5.6%
30.0%
Q1 25
8.6%
26.1%
Q4 24
6.5%
27.3%
Q3 24
6.9%
24.1%
Q2 24
-14.0%
17.0%
Q1 24
5.7%
15.9%
Net Margin
NCSM
NCSM
SFST
SFST
Q4 25
29.5%
Q3 25
8.2%
27.8%
Q2 25
2.5%
23.0%
Q1 25
8.1%
19.9%
Q4 24
7.7%
Q3 24
9.4%
18.4%
Q2 24
-10.4%
13.0%
Q1 24
4.7%
11.8%
EPS (diluted)
NCSM
NCSM
SFST
SFST
Q4 25
$5.43
$1.19
Q3 25
$1.37
$1.07
Q2 25
$0.34
$0.81
Q1 25
$1.51
$0.65
Q4 24
$1.34
$0.69
Q3 24
$1.60
$0.54
Q2 24
$-1.21
$0.37
Q1 24
$0.82
$0.31

Balance Sheet & Financial Strength

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

Metric
NCSM
NCSM
SFST
SFST
Cash + ST InvestmentsLiquidity on hand
$36.7M
Total DebtLower is stronger
$5.3M
Stockholders' EquityBook value
$126.2M
$368.7M
Total Assets
$181.2M
$4.4B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NCSM
NCSM
SFST
SFST
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
Q1 24
$14.0M
Total Debt
NCSM
NCSM
SFST
SFST
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
SFST
SFST
Q4 25
$126.2M
$368.7M
Q3 25
$110.1M
$356.3M
Q2 25
$106.4M
$345.5M
Q1 25
$103.2M
$337.6M
Q4 24
$98.8M
$330.4M
Q3 24
$96.0M
$326.5M
Q2 24
$91.0M
$318.7M
Q1 24
$93.7M
$315.3M
Total Assets
NCSM
NCSM
SFST
SFST
Q4 25
$181.2M
$4.4B
Q3 25
$162.0M
$4.4B
Q2 25
$158.0M
$4.3B
Q1 25
$155.1M
$4.3B
Q4 24
$152.8M
$4.1B
Q3 24
$145.8M
$4.2B
Q2 24
$139.4M
$4.1B
Q1 24
$140.9M
$4.1B
Debt / Equity
NCSM
NCSM
SFST
SFST
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
SFST
SFST
Operating Cash FlowLast quarter
$13.1M
$30.5M
Free Cash FlowOCF − Capex
$12.9M
$29.9M
FCF MarginFCF / Revenue
25.5%
93.8%
Capex IntensityCapex / Revenue
0.4%
1.8%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$21.0M
$62.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NCSM
NCSM
SFST
SFST
Q4 25
$13.1M
$30.5M
Q3 25
$7.2M
$14.5M
Q2 25
$3.5M
$10.5M
Q1 25
$-1.6M
$7.6M
Q4 24
$10.6M
$25.6M
Q3 24
$-2.0M
$26.3M
Q2 24
$6.0M
$4.0M
Q1 24
$-1.9M
$-2.9M
Free Cash Flow
NCSM
NCSM
SFST
SFST
Q4 25
$12.9M
$29.9M
Q3 25
$6.9M
$14.4M
Q2 25
$3.2M
$10.4M
Q1 25
$-2.1M
$7.4M
Q4 24
$10.4M
$24.8M
Q3 24
$-2.5M
$26.1M
Q2 24
$5.6M
$3.9M
Q1 24
$-2.2M
$-3.2M
FCF Margin
NCSM
NCSM
SFST
SFST
Q4 25
25.5%
93.8%
Q3 25
14.9%
46.3%
Q2 25
8.9%
36.3%
Q1 25
-4.2%
28.1%
Q4 24
23.1%
98.2%
Q3 24
-5.6%
110.0%
Q2 24
19.0%
16.8%
Q1 24
-5.0%
-15.0%
Capex Intensity
NCSM
NCSM
SFST
SFST
Q4 25
0.4%
1.8%
Q3 25
0.5%
0.3%
Q2 25
0.8%
0.3%
Q1 25
0.9%
0.5%
Q4 24
0.5%
3.1%
Q3 24
1.0%
0.8%
Q2 24
1.1%
0.4%
Q1 24
0.7%
1.3%
Cash Conversion
NCSM
NCSM
SFST
SFST
Q4 25
0.88×
Q3 25
1.88×
1.67×
Q2 25
3.81×
1.59×
Q1 25
-0.41×
1.44×
Q4 24
3.07×
Q3 24
-0.49×
6.01×
Q2 24
1.32×
Q1 24
-0.91×
-1.16×

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%

SFST
SFST

Segment breakdown not available.

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