| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | 4 | — | 2 | — | 4 | 6 | 2 |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 0.58 |
—
—
—
|
| 2025 | 0.54 |
—
—
—
—
|
| 2024 | 0.62 |
—
—
—
—
—
|
| 2023 | 0.46 |
—
—
—
—
|
| 2022 | 0.44 |
—
—
—
—
|
| 2021 | 0.38 |
—
—
—
—
|
| 2020 | 0.36 |
—
—
—
—
|
| 2019 | 0.09 |
—
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 133.79 | 342.84 | 494.58 | 365.82 |
| Receivables | 205.38 | 191.63 | 164.49 | 510.20 |
| Inventory | 205.63 | 226.80 | 276.61 | 387.04 |
| Other | — | — | — | — |
| 556.18 | 774.69 | 954.92 | 1,283.20 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 71.84 | 72.00 | 71.54 | 320.08 |
| ST’ Debt | — | — | — | — |
| Other | 41.67 | 20.30 | 21.31 | 73.16 |
| 175.66 | 178.82 | 164.24 | 496.04 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 388.35 | 449.53 | — | — |
—
|
| ’25 | 280.32 | 273.58 | 263.95 | 261.20 |
1,079.05
|
| ’24 | 274.12 | 290.39 | 293.18 | 272.12 |
1,129.81
|
| ’23 | 228.41 | 305.82 | 287.87 | 274.87 |
1,096.96
|
| ’22 | 145.90 | 170.22 | 184.48 | 187.77 |
688.37
|
| ’21 | 84.42 | 108.89 | 115.36 | 129.92 |
438.59
|
| ’20 | 154.14 | 66.55 | 59.79 | 68.09 |
348.57
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 128.27 | 104.56 | — | — |
—
|
| ’25 | 41.55 | 82.84 | 61.77 | 72.27 |
258.42
|
| ’24 | 86.26 | 77.96 | 85.30 | 66.60 |
316.11
|
| ’23 | 60.46 | 108.06 | 80.08 | 91.68 |
340.28
|
| ’22 | 17.21 | 31.01 | 30.38 | 39.28 |
117.88
|
| ’21 | 15.75 | 27.48 | 8.86 | 11.68 |
63.76
|
| ’20 | 45.16 | 57.39 | 18.94 | 21.90 |
143.38
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 119.29 | 88.97 | — | — |
—
|
| ’25 | 32.09 | 71.78 | 53.55 | 67.93 |
225.35
|
| ’24 | 79.46 | 70.71 | 75.30 | 55.26 |
280.73
|
| ’23 | 46.17 | 101.69 | 71.69 | 82.13 |
301.68
|
| ’22 | 9.92 | 25.43 | 23.76 | 33.24 |
92.35
|
| ’21 | 13.72 | 25.16 | 4.79 | 8.46 |
52.13
|
| ’20 | 36.82 | 49.18 | 18.99 | 20.24 |
125.23
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.70) | 0.70 | — | — |
—
|
| ’25 | 0.64 | 0.59 | 0.60 | 0.57 |
2.41
|
| ’24 | 0.59 | 0.75 | 0.74 | 0.68 |
2.77
|
| ’23 | 0.63 | 0.38 | 0.80 | 0.74 |
2.57
|
| ’22 | 0.34 | 0.44 | 0.51 | 0.50 |
1.80
|
| ’21 | 0.19 | 0.18 | 0.21 | 0.25 |
0.83
|
| ’20 | 0.40 | 0.11 | 0.13 | 0.07 |
0.72
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 34.70 | 31.37 | 37.58 | 33.20 | — | — | — |
Low Price
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 64.18 | 57.40 | 70.01 | 65.35 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,200 | 1,600 | 1,600 | 1,500 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.57 | 0.69 | 0.71 | 0.72 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 688.37 | 1,096.96 | 1,129.81 | 1,079.05 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.22% | 37.04% | 38.63% | 37.02% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 176.55 | 262.38 | 299.28 | 260.67 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.65% | 23.92% | 26.49% | 24.16% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 145.12 | 214.84 | 232.76 | 201.64 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 34.29 | 69.56 | 61.56 | 65.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.41 | 16.97 | 17.02 | 15.74 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡ | 1.83 | 2.62 | 2.79 | 2.42 | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.95 | 5.26 | 4.76 | 3.77 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.42) | (0.60) | (0.53) | (0.48) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.53 | 4.67 | 4.23 | 3.29 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.78 | 16.47 | 19.04 | 20.90 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 60.32 | 64.64 | 66.39 | 68.57 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.13 | 16.93 | 20.92 | 18.80 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.35 | 2.60 | 3.43 | 2.90 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.21 | 2.68 | 3.07 | 2.19 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.87 | 2.50 | 3.15 | 2.46 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 28.88 | 9.10 | 12.66 | 11.80 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 117.88 | 340.28 | 316.11 | 258.42 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (25.54) | (38.60) | (35.39) | (33.06) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 92.35 | 301.68 | 280.73 | 225.35 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 537.99 | 380.52 | 595.86 | 790.68 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.44 | 9.35 | 10.53 | 9.67 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (327.09) | (124.44) | (332.31) | (484.91) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 710.45 | 1,064.77 | 1,264.18 | 1,433.05 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.49% | 12.81% | 11.37% | 9.20% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 28.49% | 17.57% | 19.42% | 16.51% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.88% | 19.06% | 15.92% | 12.31% | ‡‡‡‡‡ | — | — |
ROE
|
Cactus, Inc. (WHD) has emerged as a resilient powerhouse in oilfield services, specializing in flowback systems and wellhead solutions that have propelled revenue from $155 million in 2016 to $1.13 billion in 2024—a staggering 30%+ CAGR through oil crashes, COVID, and geopolitical shocks. By scaling efficiently with stabilized headcount and peak revenue per employee at $706,000, WHD has outpaced cycles, delivering explosive rebounds like 215% sales growth from 2020 lows to 2023 highs.
Profitability shines with gross margins doubling to 39%, net income surging 29x to $233 million, and free cash flow per share rocketing 1,370% to $4.23, fueling a near-debt-free balance sheet (net debt -$332 million) and elite ROE/ROIC of 16%/19%. Forecasts signal more upside: revenues to $1.36 billion in 2026, EPS jumping 37% to $3.70, supported by Permian drilling, LNG ramps, and 39% margins buffering risks.
Trading at reasonable 21x trailing P/E and 13x EV/FCF—undervalued for its moat and FCF fortress—WHD offers 20-30% return potential in the next energy upcycle, per bullish analyst targets. Dive deeper for the full growth playbook.
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