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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Market cap: $4.9B
P/E: 51.9×
Fwd P/E: 23.0×
Dividend yield: 0.92%
F-score: 5/9
Altman Z: 6.32
Beneish M: −2.78
Dividend safety: 82/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 77.32

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	4	—	2	—	4	6	2	2

Insider Ownership 0.27%

Capital & Financial Ratios $m

Market Cap 4,910.00

Revenue 1,363.03

Net Income 200.09

Free Cash Flow 329.74

Net Debt (355.82)

Current Ratio 2.59

Debt/Equity 0.01

P/E ratio 51.92

Fwd P/E 23.00

P/S ratio 3.15

P/B ratio 2.94

Past 5Y EPS Growth 27.33%

This Y EPS Growth 8.21%

Next Y EPS Growth 21.35%

Next Y revenue growth 58.19%

Next 5Y EPS Growth 16.96%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 85.21%

10-year low 10-year high

P/S against its own 10 years 55.54%

10-year low 10-year high

P/B against its own 10 years 43.56%

10-year low 10-year high

EV/Sales against its own 10 years 54.85%

10-year low 10-year high

EV/FCF against its own 10 years 45.74%

10-year low 10-year high

Dividends

Payout Ratio 0.49

Annual Dividend Rate 0.57

Annual Dividend Yield 0.92%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.58	0.14 0.14 0.15
2025	0.54	0.13 0.13 0.14 0.14
2024	0.62	0.12 0.12 0.12 0.13 0.13
2023	0.46	0.11 0.11 0.12 0.12
2022	0.44	0.11 0.11 0.11 0.11
2021	0.38	0.09 0.09 0.10 0.10
2020	0.36	0.09 0.09 0.09 0.09
2019	0.09	0.09
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	134	343	495	366
Receivables	205	192	164	510
Inventory	206	227	277	387
Other	—	—	—	—
	556	775	955	1,283

	2023	2024	2025	Q'26
Payables	72	72	72	320
ST’ Debt	—	—	—	—
Other	42	20	21	73
	176	179	164	496

Compound Annual Growth %

	10y	5y	3y
Sales	17.16%	25.36%	16.16%
Cash Flow	18.86%	12.50%	29.90%
Earnings	—	36.96%	14.65%
Book Value	0.00%	21.08%	26.35%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	388	450	—	—	—
’25	280	274	264	261	1,079
’24	274	290	293	272	1,130
’23	228	306	288	275	1,097
’22	146	170	184	188	688
’21	84	109	115	130	439
’20	154	67	60	68	349

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	128	105	—	—	—
’25	42	83	62	72	258
’24	86	78	85	67	316
’23	60	108	80	92	340
’22	17	31	30	39	118
’21	16	27	9	12	64
’20	45	57	19	22	143

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	119	89	—	—	—
’25	32	72	54	68	225
’24	79	71	75	55	281
’23	46	102	72	82	302
’22	10	25	24	33	92
’21	14	25	5	8	52
’20	37	49	19	20	125

Fiscal quarters ending in the months shown.

EPS $

	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

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	19.18	24.23	8.16	24.98	34.70	31.37	37.58	33.20	Analyst estimates 2026–2028 Powerpack
	High	—	—	40.97	40.68	35.28	46.94	64.18	57.40	70.01	65.35
People
People	Employees	880	880	1,200	1,100	660	1,000	1,200	1,600	1,600	1,500
	Revenue/emp, $m	0.18	0.39	0.45	0.57	0.53	0.44	0.57	0.69	0.71	0.72
Income, $m
Income, $m	Revenue	155	341	544	628	349	439	688	1,097	1,130	1,079
	Gross margin, %	19.23	34.01	40.11	37.37	32.02	27.69	35.22	37.04	38.63	37.02
	EBT	(7)	68	170	188	70	75	177	262	299	261
	EBT margin, %	(4.75)	19.96	31.21	29.97	20.14	17.13	25.65	23.92	26.49	24.16
	Net income	(8)	67	150	156	59	67	145	215	233	202
	Depreciation	23	25	30	39	41	36	34	70	62	65
Per share, $
Per share, $	Revenue	6.74	0.00	16.83	13.97	7.34	7.92	11.41	16.97	17.02	15.74
	Earnings	(0.36)	1,258.36	1.60	1.90	0.73	0.90	1.83	2.62	2.79	2.42
	Cash flow	1.04	0.00	5.17	4.66	3.02	1.15	1.95	5.26	4.76	3.77
	Capex	(0.75)	0.00	(2.11)	(1.24)	(0.38)	(0.21)	(0.42)	(0.60)	(0.53)	(0.48)
	Free cash flow	0.29	0.00	3.06	3.42	2.64	0.94	1.53	4.67	4.23	3.29
	Book value	(4.49)	0.00	11.21	11.48	11.61	10.74	11.78	16.47	19.04	20.90
	Shares, m	23	—	32	45	47	55	60	65	66	69
Valuation, ×
Valuation, ×	P/E	0.05	0.05	17.35	17.69	35.71	42.37	27.13	16.93	20.92	18.80
	P/S	0.00	0.00	1.63	2.46	3.55	4.82	4.35	2.60	3.43	2.90
	P/B	0.00	0.00	2.45	2.99	2.25	3.55	4.21	2.68	3.07	2.19
	EV/Sales	0.72	0.72	1.52	2.16	2.75	4.16	3.87	2.51	3.16	2.48
	EV/FCF	60.91	60.91	8.35	8.84	7.66	35.04	28.88	9.14	12.71	11.86
Cash, $m
Cash, $m	Operating cash flow	24	35	167	210	143	64	118	340	316	258
	Capex	(17)	(31)	(68)	(56)	(18)	(12)	(26)	(39)	(35)	(33)
	Free cash flow	7	4	99	154	125	52	92	302	281	225
Balance, $m
Balance, $m	Working capital	58	111	200	324	376	426	538	381	596	791
	Total debt	247	252	9	4	2	6	6	9	11	10
	Net debt	238	244	(62)	(199)	(286)	(296)	(338)	(124)	(332)	(485)
	Shareholders’ equity	(103)	(36)	362	516	551	595	710	1,065	1,264	1,433
Returns, %
Returns, %	ROA	(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
	ROE	11.72	0.00	31.70	19.49	6.46	8.66	16.88	19.06	15.92	12.31

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NOV NOV Inc.	$6.6B	72.8×	25.5×	−2.47% (below 0%: shrinking)	+6.90% (above 0%: growing)	−116.81% (below 0%: shrinking)	24.41%	9.04%	Compare
LB LandBridge Company LLC	$6.3B	60.9×	47.5×	+40.62% (above 0%: growing)	+43.33% (above 0%: growing)	+11.25% (above 0%: growing)	98.30%	66.07%	Compare
WFRD Weatherford International PLC	$5.5B	14.9×	16.5×	−8.22% (below 0%: shrinking)	−70.59% (below 0%: shrinking)	+77.50% (above 0%: growing)	30.14%	9.68%	Compare
SEI Solaris Energy Infrastructure, Inc.	$5.2B	61.5×	55.4×	+46.92% (above 0%: growing)	+13.33% (above 0%: growing)	−89.73% (below 0%: shrinking)	57.55%	25.76%	Compare
AROC Archrock, Inc.	$5.1B	15.9×	18.4×	−3.11% (below 0%: shrinking)	+5.56% (above 0%: growing)	+49.96% (above 0%: growing)	65.86%	34.58%	Compare
WHD Cactus, Inc.	$4.9B	51.9×	23.0×	+64.32% (above 0%: growing)	+18.64% (above 0%: growing)	+23.95% (above 0%: growing)	33.31%	18.59%
KGS Kodiak Gas Services, Inc.	$4.8B	55.5×	31.9×	+21.15% (above 0%: growing)	+22.73% (above 0%: growing)	−194.00% (below 0%: shrinking)	63.09%	31.76%	Compare
OII Oceaneering International, Inc.	$4.3B	12.6×	21.4×	+10.03% (above 0%: growing)	+20.37% (above 0%: growing)	−31.05% (below 0%: shrinking)	20.44%	11.49%	Compare
TDW Tidewater Inc.	$3.9B	16.0×	23.4×	+0.25% (above 0%: growing)	−70.07% (below 0%: shrinking)	−15.92% (below 0%: shrinking)	46.88%	18.27%	Compare
Median of peers	$5.2B	35.8×	24.5×	+5.14%	+10.12%	−23.48%	52.22%	22.02%

All 46 Oil & Gas Equipment & Services stocks →

Cactus, Inc. (WHD) key facts

Concern: Cactus, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 4.49% from fiscal 2024.
Cactus, Inc. (WHD) is an Oil & Gas Equipment & Services company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, WHD traded at $61.79, a market capitalization of $4.9 billion.
Cactus, Inc. pays an annual dividend of $0.57 per share, a yield of 0.92%, with a payout ratio of 48.7%.
Return on equity was 12.3% and debt-to-equity 0.01.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 6.32 (safe zone) for fiscal 2025.