Saturday 17 October 2026
Export WHD’s income statement to Excel — free account
Cactus, Inc.
WHD Energy Oil & Gas Equipment & Services
Cactus, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 4.49% from fiscal 2024. In the quarter to June 2026, revenue grew 64.3%, EPS grew 18.6%, free cash flow grew 24.0% and total debt fell 14.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
61.79
0.60
+0.98%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | — | 5 | 5 | 5 | 8 | 6 | 6 | 5 |
P/E ratio |
0.05 | 0.05 | 17.35 | 17.69 | 35.71 | 42.37 | 27.13 | 16.93 | 20.92 | 18.80 |
Altman Z-Score |
— | — | 4.86 | 5.07 | 4.33 | 4.75 | 6.49 | 5.81 | 6.95 | 6.32 |
P/S ratio |
0.00 | 0.00 | 1.63 | 2.46 | 3.55 | 4.82 | 4.35 | 2.60 | 3.43 | 2.90 |
P/FCF ratio |
0.27 | 0.27 | 8.95 | 10.05 | 9.88 | 40.52 | 32.43 | 9.47 | 13.80 | 13.90 |
Altman Z″-Score (non-manufacturers) |
— | — | 6.28 | 6.24 | 6.39 | 5.57 | 6.79 | 6.11 | 7.19 | 8.29 |
P/Operating CF |
0.07 | 0.07 | 19.77 | 25.13 | 56.51 | 180.93 | 76.24 | 31.16 | 58.18 | 43.34 |
Beneish M-Score |
— | (0.89) | 1.39 | (2.70) | (3.30) | (1.72) | (2.05) | (2.31) | (2.79) | (2.78) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 82 |
P/B ratio |
0.00 | 0.00 | 2.45 | 2.99 | 2.25 | 3.55 | 4.21 | 2.68 | 3.07 | 2.19 |
Price to Tangible BV |
0.00 | 0.00 | 2.50 | 3.04 | 2.28 | 3.60 | 4.26 | 4.19 | 4.32 | 2.89 |
EV/Sales |
0.72 | 0.72 | 1.52 | 2.16 | 2.75 | 4.16 | 3.87 | 2.51 | 3.16 | 2.48 |
EV/EBITDA |
2.16 | 2.16 | 3.97 | 6.12 | 8.66 | 16.32 | 12.76 | 8.26 | 10.16 | 8.47 |
EV/Operating CF |
7.07 | 7.07 | 4.94 | 6.48 | 6.69 | 28.65 | 22.63 | 8.10 | 11.28 | 10.34 |
EV/FCF |
60.91 | 60.91 | 8.35 | 8.84 | 7.66 | 35.04 | 28.88 | 9.14 | 12.71 | 11.86 |
Quick Ratio |
1.70 | 1.74 | 2.19 | 3.19 | 6.80 | 4.22 | 4.14 | 1.93 | 2.99 | 4.01 |
Current Ratio |
3.42 | 3.10 | 3.68 | 4.55 | 8.69 | 5.60 | 5.61 | 3.17 | 4.33 | 5.81 |
Net Debt/EBITDA |
7.08 | 2.15 | (0.30) | (0.89) | (2.59) | (2.64) | (1.62) | (0.37) | (0.95) | (1.54) |
Debt/Assets |
149.33% | 94.56% | 1.49% | 0.47% | 0.27% | 0.59% | 0.58% | 0.61% | 0.61% | 0.52% |
Debt/Equity |
(2.39) | (6.96) | 0.02 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Asset Turnover |
1.88 | 1.58 | 1.28 | 0.89 | 0.42 | 0.49 | 0.66 | 0.83 | 0.69 | 0.60 |
Operating CF/Net income |
(2.93) | 0.00 | 3.23 | 2.45 | 4.16 | 1.29 | 1.07 | 2.01 | 1.71 | 1.56 |
Capex/Depreciation |
(0.75) | (1.23) | (2.24) | (1.43) | (0.45) | (0.32) | (0.74) | (0.55) | (0.57) | (0.51) |
Interest Coverage |
0.52 | 4.28 | 49.43 | (208.36) | (99.91) | 97.45 | (47.05) | 40.80 | (44.84) | — |
| 11.72% | 0.00% | 31.70% | 19.49% | 6.46% | 8.66% | 16.88% | 19.06% | 15.92% | 12.31% | |
| (9.89%) | 0.00% | 12.14% | 12.06% | 4.17% | 5.52% | 10.49% | 12.81% | 11.37% | 9.20% | |
ROIC |
4.92% | 26.68% | 36.99% | 36.03% | 16.56% | 15.76% | 29.33% | 17.57% | 19.42% | 16.51% |
Return on Tangible Assets |
(6.13%) | 0.00% | 15.11% | 17.63% | 6.64% | 8.94% | 16.49% | 23.30% | 19.68% | 14.65% |
Average Days of Receivables |
76.01 | 90.05 | 61.89 | 51.03 | 46.15 | 74.24 | 73.32 | 68.34 | 61.91 | 55.64 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
12.39% | 7.97% | 7.45% | 8.22% | 11.39% | 10.49% | 9.83% | 11.58% | 11.55% | 13.80% |
Intangible Assets out of Total Assets |
0.05 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.25 | 0.21 | 0.19 |
Share Based Compensation of Revenue |
0.23% | 0.00% | 0.86% | 1.11% | 2.47% | 1.97% | 1.54% | 1.65% | 2.03% | 2.27% |
Graham Net Nets |
(129.27) | (129.27) | 0.06 | 0.06 | 0.13 | 0.06 | 0.08 | 0.03 | 0.08 | 0.16 |
Graham Number |
0.00 | 0.00 | 19.96 | 22.39 | 13.81 | 14.75 | 22.02 | 31.10 | 34.57 | 33.80 |
Earnings Yield |
2,130.37% | 2,130.37% | 5.76% | 5.65% | 2.80% | 2.36% | 3.69% | 5.90% | 4.78% | 5.32% |
Free Cash Flow Yield |
375.49% | 375.49% | 11.18% | 9.95% | 10.12% | 2.47% | 3.08% | 10.56% | 7.25% | 7.20% |
Revenue per Share |
6.74 | 0.00 | 16.83 | 13.97 | 7.34 | 7.92 | 11.41 | 16.97 | 17.02 | 15.74 |
Operating CF per Share |
1.04 | 0.00 | 5.17 | 4.66 | 3.02 | 1.15 | 1.95 | 5.26 | 4.76 | 3.77 |
Capex per Share |
(0.75) | 0.00 | (2.11) | (1.24) | (0.38) | (0.21) | (0.42) | (0.60) | (0.53) | (0.48) |
Free Cash Flow per Share |
0.29 | 0.00 | 3.06 | 3.42 | 2.64 | 0.94 | 1.53 | 4.67 | 4.23 | 3.29 |
Cash per Share |
0.38 | 0.00 | 2.19 | 4.50 | 6.08 | 5.45 | 5.71 | 2.07 | 5.16 | 7.21 |
Shareholders Equity per Share |
(4.49) | 0.00 | 11.21 | 11.48 | 11.61 | 10.74 | 11.78 | 16.47 | 19.04 | 20.90 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
(4.49) | 0.00 | 11.21 | 11.48 | 11.61 | 10.74 | 11.78 | 16.47 | 19.04 | 20.90 |
Free Cash Flow |
6.62 | 4.03 | 99.03 | 153.68 | 125.23 | 52.13 | 92.35 | 301.68 | 280.73 | 225.35 |
Working Capital |
58.46 | 111.06 | 199.88 | 323.76 | 376.23 | 425.91 | 537.99 | 380.52 | 595.86 | 790.68 |
Capital Expenditures |
(17.36) | (30.68) | (68.15) | (55.95) | (18.15) | (11.63) | (25.54) | (38.60) | (35.39) | (33.06) |
Net Current Asset Value |
(186.06) | (138.74) | 52.09 | 96.31 | 160.32 | 131.44 | 246.19 | 98.39 | 299.54 | 516.35 |
EV/EBIT |
2.76 | 2.76 | 4.65 | 7.42 | 13.69 | 24.22 | 15.26 | 10.43 | 12.32 | 10.67 |
Capex to Sales |
0.11 | 0.09 | 0.13 | 0.09 | 0.05 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 |
Price to Operating Income |
0.01 | 0.01 | 4.99 | 8.43 | 17.66 | 28.00 | 17.14 | 10.81 | 13.38 | 12.50 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.31 | 0.26 | 0.21 | 0.24 | 0.28 | 0.28 | 0.26 | 0.20 | 0.18 | 0.19 |
Cash ROIC |
4.35% | 1.80% | 22.41% | 21.26% | 14.88% | 5.78% | 8.70% | 24.97% | 17.35% | 11.63% |
Accounts Receivable Turnover |
2.66 | 5.86 | 6.17 | 6.98 | 5.28 | 6.58 | 6.05 | 6.38 | 5.69 | 6.06 |
Accounts Payable Turnover |
5.10 | 9.17 | 8.45 | 9.48 | 7.75 | 10.07 | 9.84 | 11.55 | 9.64 | 9.47 |
Inventory Turnover |
2.45 | 4.40 | 3.97 | 3.69 | 2.36 | 3.06 | 3.17 | 3.76 | 3.21 | 2.70 |
Average Days of Payables |
40.81 | 56.87 | 47.09 | 37.98 | 31.06 | 49.28 | 39.11 | 37.97 | 37.90 | 38.42 |
Days of Inventory on Hand |
110.47 | 104.48 | 111.81 | 105.13 | 134.76 | 137.90 | 132.02 | 108.67 | 119.38 | 148.56 |
Average Receivables |
58.23 | 58.23 | 88.22 | 90.07 | 65.97 | 66.64 | 113.74 | 171.82 | 198.50 | 178.06 |
Average Payables |
24.54 | 24.54 | 38.56 | 41.50 | 30.56 | 31.49 | 45.30 | 59.81 | 71.92 | 71.77 |
Average Inventory |
51.18 | 51.18 | 82.14 | 106.60 | 100.43 | 103.65 | 140.55 | 183.45 | 216.21 | 251.70 |
Average Assets |
82.66 | 215.89 | 425.60 | 709.85 | 825.28 | 898.84 | 1,050.49 | 1,320.73 | 1,630.94 | 1,805.47 |
Average Common Equity |
(69.77) | (69.77) | 163.06 | 439.36 | 533.58 | 572.90 | 652.74 | 887.61 | 1,164.47 | 1,348.61 |
Columns are period end dates