greeksoup/ stock research
Stock research / United States / WHD · Oil & Gas Field Machinery & Equipment · NYSE

Cactus, Inc. (WHD)

Compare with another name

Cactus, Inc. (WHD) reported revenue of $450 million for Q2 FY2026, the quarter ended 30 June 2026, up 64.3% on the same quarter a year earlier. Net income was $49 million, up 21.5% on the year, and diluted earnings per share $0.70. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue$450 millionup 64.3%
Net income$49 millionup 21.5%
Diluted EPS$0.70
QuarterQ2 FY2026ended 30 June 2026

Cactus (WHD) in brief

Cactus (WHD) reported revenue of $1.1 billion for fiscal 2025, the year ended 31 December 2025, down 4.5% on the year before.
Read moreNet income was $166 million and diluted earnings per share $2.41. Revenue was $1.1 billion in fiscal 2024, $1.1 billion in fiscal 2023, $688 million in fiscal 2022 and $439 million in fiscal 2021. Net income in the same years was $185 million, $169 million, $110 million and $50 million. Over the twelve months to 30 June 2026, Cactus reported revenue of $1.4 billion and net income of $163 million. Revenue grew 25.4% a year, compounded, over the five years to fiscal 2025. Cactus declared $0.54 a share in dividends over the last four quarters. At 30 June 2026 it carried $0 million of debt and $366 million of cash. At the close of 9 October 2026 the market cap of Cactus was $4.5 billion, 54.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE13.2%
ROCE20.5%
Operating margin18.6%
Net margin12.0%
FCF marginn/a
Interest covern/a
Debt to equity0.00
Cash conversion2.25
Share count, 1 yearn/a
Sales CAGR, 3 years16.2%
Profit CAGR, 3 years14.6%
EPS, TTM$1.17

At the close of 9 October 2026

Price$63.45
Market cap$4.5 billion
Stock P/E54.23
Price to book3.59
EV / EBITDA11.36
Dividend yield0.9%
Market cap / sales3.27
52-week high$73.73
52-week low$33.40
Price, 1 year76.5%
Price CAGR, 3 years8.4%
Price CAGR, 5 years8.6%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Cactus, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
WHDgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on WHD

Filings20 in twelve months: 14 current reports (8-K), about 6 regulation FD disclosure; 4 results of operations; 4 officer or director change; 3 material agreement; 2 new financial obligation
Planned insider sales12 Form 144 notices in twelve months, $45.6 million; latest 1 October 2026
Options tapeput/call 0.17 by open interest at the 9 October 2026 close; the straddle prices a 3.6% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Geode Capital Management; 10 Schedule 13D or 13G filings in twelve months
Insider trading22 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.2 million shares short, 3.70 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue288275274290293272280274264261388450
Cost of revenue176165169176179169173174167167277300
Gross profit112110105114114103108100.097.194.6112150
Gross margin39%40%38%39%39%38%38%37%37%36%29%33%
SG&A29.529.629.431.237.432.439.139.235.934.762.166.1
Operating income87.678.662.579.876.870.568.660.861.259.949.583.6
Operating margin30%29%23%27%26%26%24%22%23%23%13%19%
Pre-tax income86.579.163.281.278.976.070.963.364.462.049.784.5
Tax rate21%21%21%22%21%24%24%23%22%22%19%27%
Net income52.648.939.049.849.946.744.240.341.639.832.949.0
Net margin18%18%14%17%17%17%16%15%16%15%8%11%
Diluted EPS$0.80$0.74$0.59$0.75$0.74$0.68$0.64$0.59$0.60$0.57-$0.70$0.70
Operating cash flow80.191.786.378.085.366.641.582.861.872.3128105
Buybacks0.00.78.30.20.80.05.50.20.20.07.90.1
Dividends paid7.87.98.18.08.78.99.28.99.69.610.29.8
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1553415446283494396881,0971,1301,0791,363
Cost of revenuen/an/a326394237317446691693680910
Gross profitn/an/a218235112121242406436399453
Gross marginn/an/a40.1%37.4%32.0%27.7%35.2%37.0%38.6%37.0%33.2%
Selling, general and administrative19.227.240.551.739.746.067.7127130149199
Operating income10.688.917818370.075.4175264290251254
Operating margin6.8%26.0%32.7%29.1%20.1%17.2%25.4%24.1%25.6%23.2%18.6%
Interest expense20.220.83.60.30.30.30.33.80.60.7n/a
Pre-tax income-7.468.117018870.275.1177262299261261
Income tax0.81.519.532.011.07.731.447.566.559.060.6
Effective tax raten/a2.3%11.5%17.0%15.6%10.2%17.8%18.1%22.2%22.6%23.2%
Net income-8.266.551.785.634.449.6110169185166163
Net margin-5.3%19.5%9.5%13.6%9.9%11.3%16.0%15.4%16.4%15.4%12.0%
Diluted EPSn/an/a$1.58$1.88$0.72$0.83$1.80$2.57$2.77$2.41$1.17
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Pressure Control75772471766.1%
Spoolable Technologies34040736833.9%
Pressure ControlSpoolable Technologies
1,097FY20231,131FY20241,085FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Product revenue81085282576.5%
Field service and other revenue17317616815.6%
Rental revenue11410285.27.9%
Product revenueField service and other revenueRental revenue
1,097FY20231,130FY20241,079FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow24.034.716721014363.8118340316258367
Cash from investing-17.4-30.7-68.2-55.9-18.1-11.6-25.5-655-35.4-39.1-338
Cash from financing-10.2-5.3-35.0-21.7-40.2-39.4-47.4103-70.1-69.1-68.8
Depreciation and amortisation21.223.330.238.940.536.334.165.060.463.9106
Share-based compensation0.4n/a4.77.08.68.610.618.122.924.526.6
Buybacksn/an/a0.01.51.43.34.65.29.35.98.2
Dividends paidn/an/a0.04.217.121.226.730.133.737.439.3
Dividend per sharen/an/an/a$0.09$0.36$0.38$0.44$0.46$0.50$0.54n/a
Diluted shares, weightedn/an/an/an/an/an/an/an/an/a69m70m
Shares outstanding at period endn/an/a75mn/an/an/an/an/an/an/an/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity-103-36.21783273534695728661,0711,2261,241
Non-controlling interestn/an/a185189198126139199193207221
Redeemable equityn/an/an/an/an/an/an/an/a0.00.0241
Debtn/a2410.00.00.00.00.00.00.00.00.0
Operating lease liabilitiesn/an/an/a20.317.817.618.419.120.115.828.8
Finance lease liabilitiesn/an/a8.73.92.25.86.49.410.59.710.0
Other liabilitiesn/a61.2214294245364384429445413843
Total liabilities and equityn/a2665858358169821,1191,5231,7391,8722,585
Owned
Fixed assetsn/a94.7142162143n/an/an/an/an/an/a
Goodwilln/a7.87.87.87.87.87.8203203203287
Intangible assetsn/an/an/an/an/an/a0.0180164148350
Cash and equivalents8.77.670.8203289302345134343124366
Receivablesn/a84.292.387.944.189.2138205192164510
Other assetsn/a72.22723753325836288008381,2331,072
Total assetsn/a2665858358169821,1191,5231,7391,8722,585
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a25.4%16.2%21.8%
Profit growth, compoundedn/a37.0%14.6%-9.8%
Return on equity, averagen/a16.0%16.8%13.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Cactus' revenue in fiscal 2025?

Cactus (WHD) reported revenue of $1.1 billion for fiscal 2025, the year ended 31 December 2025, down 4.5% on the year before.

How much did Cactus earn in fiscal 2025?

Net income was $166 million for fiscal 2025, and diluted earnings per share $2.41.

What is Cactus' P/E ratio?

At the close of 9 October 2026, Cactus traded at 54.2 times its earnings over the twelve months to 30 June 2026.

What is Cactus' market cap?

The market cap of Cactus was $4.5 billion at the close of 9 October 2026.

Does Cactus pay a dividend?

Yes. Cactus declared $0.54 a share in dividends over the four quarters to 30 June 2026.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Baker Hughes Co. BKR$56.3 billion18.2915.6%n/a0.4%0.82n/a
TechnipFMC plc FTI$27.3 billion24.1535.9%16.0%9.9%0.120.3%
NOV Inc. NOV$6.8 billion72.941.5%5.1%-1.7%0.272.7%
Solaris Energy Infrastructure, Inc. SEI$6.0 billion95.536.1%24.3%70.5%1.780.6%
Weatherford International plc WFRD$5.6 billion15.3720.5%12.7%-7.2%0.811.3%
ACM Research, Inc. ACMR$5.1 billion33.998.1%13.3%27.3%0.13n/a
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Cactus, Inc. WHD$4.5 billion54.2313.2%18.6%21.8%0.000.9%
Esab Corp. ESAB$4.2 billion23.976.8%12.1%9.7%0.940.6%
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Dnow Inc. DNOW$2.8 billionn/an/an/a69.8%0.23n/a
Innovex International, Inc. INVX$1.9 billion31.535.8%10.0%15.0%0.02n/a
All 60 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$686.2 billion64.0049.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$398.9 billion55.3558.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$367.9 billion34.4555.9%17.5%18.4%1.440.7%
Deere & Co. DE$167.4 billion34.4917.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$166.9 billion43.7118.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$96.0 billion27.3826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.2 billion23.94110.3%26.5%4.3%3.352.4%
Cummins Inc. CMI$72.0 billion26.7421.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$56.3 billion18.2915.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.1 billion38.329.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.6 billion32.409.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.3 billion24.1535.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$27.1 billion45.7515.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7414.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$24.0 billion24.459.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.9 billion35.3019.5%18.8%10.5%0.350.2%
Zebra Technologies Corp. ZBRA$18.3 billion35.4315.7%14.7%12.7%0.81n/a
Nordson Corp. NDSN$18.3 billion33.1717.0%26.9%7.0%0.531.0%
ITT Inc. ITT$18.0 billion39.488.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.3 billion33.7013.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.5 billion49.799.3%23.6%17.3%0.230.0%
Lincoln Electric Holdings Inc. LECO$14.2 billion26.1035.6%17.1%9.3%0.741.2%
CNH Industrial N.V. CNH$14.1 billion45.604.0%n/a0.6%3.332.2%
BWX Technologies, Inc. BWXT$13.2 billion37.2626.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.5921.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.4 billion16.1160.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.8717.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$11.0 billion34.024.7%11.7%3.5%0.660.8%
Donaldson Co. Inc. DCI$10.1 billion22.5925.7%15.4%5.3%0.731.4%
Flowserve Corp. FLS$9.2 billion25.3416.4%8.5%-0.3%0.941.2%
Toro Co. TTC$9.1 billion25.6127.2%10.3%5.2%0.721.6%
SPX Technologies, Inc. SPXC$8.5 billion30.4811.9%16.2%20.6%0.260.4%
Pentair plc PNR$8.5 billion13.1817.4%20.3%-2.1%0.431.9%
Timken Co. TKR$8.1 billion31.498.1%10.5%5.5%0.641.2%
Zurn Elkay Water Solutions Corp. ZWS$7.7 billion28.7416.6%20.8%10.7%0.300.8%
Agco Corp. AGCO$7.2 billion14.3013.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.8415.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion72.941.5%5.1%-1.7%0.272.7%
Gates Industrial Corp. Ltd. GTES$6.8 billion18.9210.3%13.3%3.3%0.63n/a
Solaris Energy Infrastructure, Inc. SEI$6.0 billion95.536.1%24.3%70.5%1.780.6%
Weatherford International plc WFRD$5.6 billion15.3720.5%12.7%-7.2%0.811.3%
JBT Marel Corp. JBTM$5.6 billion29.194.3%7.3%44.9%0.380.4%
ACM Research, Inc. ACMR$5.1 billion33.998.1%13.3%27.3%0.13n/a
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Cactus, Inc. WHD$4.5 billion54.2313.2%18.6%21.8%0.000.9%
Esab Corp. ESAB$4.2 billion23.976.8%12.1%9.7%0.940.6%
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Standex International Corp. SXI$3.4 billion32.9613.9%21.7%12.8%0.690.5%
Veeco Instruments Inc. VECO$3.2 billion145.422.6%2.7%-2.5%0.25n/a
Kadant Inc. KAI$3.1 billion28.0110.7%15.0%12.5%0.500.5%
Dnow Inc. DNOW$2.8 billionn/an/an/a69.8%0.23n/a
Kennametal Inc. KMT$2.4 billion7.2521.8%20.1%19.8%0.442.5%
Hayward Holdings, Inc. HAYW$2.4 billion15.3210.1%21.1%7.8%0.590.0%
Innovex International, Inc. INVX$1.9 billion31.535.8%10.0%15.0%0.02n/a
Alamo Group Inc. ALG$1.8 billion18.298.5%8.9%4.1%0.220.8%
Enerpac Tool Group Corp. EPAC$1.8 billion19.7522.0%21.2%4.3%0.440.1%
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.000.3%
Lindsay Corp. LNN$1.1 billion21.5511.1%9.9%-7.4%0.231.3%
Tennant Co. TNC$1.1 billion63.473.4%3.2%-2.9%0.671.8%
Astec Industries Inc. ASTE$890 million45.532.8%3.4%18.7%0.531.3%
7 companies share its SEC industry code (Oil & Gas Field Machinery & Equipment); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202631 July 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install