Pricing Log in Create free account
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%
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 (at or above 1.5: strong)
Debt/Equity 0.01 (at or below 0.5: strong)
P/E ratio 51.92 (above 35: high)
Fwd P/E 23.00
P/S ratio 3.15
P/B ratio 2.94
Past 5Y EPS Growth 27.33% (at or above 15%: strong)
This Y EPS Growth 8.21%
Next Y EPS Growth 21.35% (at or above 15%: strong)
Next Y revenue growth 58.19% (at or above 10%: strong)
Next 5Y EPS Growth 16.96% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.9×, against a ten-year median of 2.8×; over the ten years it ranged from 0.5× in 2020 to 6.2× in 2022.
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.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Cactus, Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

Cactus, Inc. (WHD) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/WHD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com