Cactus (WHD) Financials

WHD NYSE

Trailing 12 months to June 30, 2026

Revenue $1.4B +21.8% YoY

Net Income $163.4M -9.8% YoY

Operating Cash Flow $366.9M +32.8% YoY

Gross Profit $453.0M +6.6% YoY

Market Cap $4.5B as of Oct 26, 2026

Price / Sales 3.3x on $1.4B revenue, trailing 12 months to June 30, 2026

Price / Earnings 27.5x on $163.4M net income, trailing 12 months to June 30, 2026

Price / Book 3.6x on $1.2B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WHD SEC filings page.

Cactus, Inc. (WHD) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 21.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WHD FY2025 2026-10-24

Cactus remains debt-free and cash-generative, but FY2025 shows slower demand alongside rising overhead and inventory accumulation.

FY2025's margin compression was not simply a volume story: revenue fell 4.5%, while SG&A rose 14.1%. That cost-and-volume mismatch matters because FY2024's modest sales growth still produced operating-income growth, so FY2025 signals a change in operating leverage rather than merely a smaller sales base.

Operating cash flow was $258M against net income of $166M, so earnings still converted to cash in FY2025. Yet operating cash flow fell 18.3% while net income fell 10.5%, indicating weaker cash-conversion momentum rather than an accounting-only decline.

The balance sheet became more equity-funded: total liabilities fell 7.7% while equity rose 14.5%, reducing reliance on creditors. The current ratio reached 5.8x, but inventory grew 23.9% as revenue fell 4.5%, leaving more working capital tied to stock despite softer sales.

Financial Health Signals

Financial Health Score (5 of 6 dimensions) 79/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Cactus, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Cactus, Inc. has an operating margin of 23.2%, meaning the company retains $23 of operating profit per $100 of revenue. This strong profitability earns a score of 76/100, reflecting efficient cost management and pricing power. This is down from 25.6% the prior year.

Growth

Cactus, Inc.'s revenue declined 4.5% year-over-year, from $1.1B to $1.1B. This contraction results in a growth score of 43/100.

Leverage

Cactus, Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 5.81, Cactus, Inc. holds $5.81 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 93/100.

Cash Flow

n/a

Not available for Cactus, Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.

Returns

Cactus, Inc. earns a strong 13.5% return on equity (ROE), meaning it generates $14 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 89/100. This is down from 17.3% the prior year.

Altman Z-Score Safe

8.17

Cactus, Inc. scores 8.17, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $4.5B against total liabilities of $438.6M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Cactus, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.56x

For every $1 of reported earnings, Cactus, Inc. generates $1.56 in operating cash flow ($258.4M OCF vs $166.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

360.43x

Cactus, Inc. earns $360.43 in operating income for every $1 of interest expense ($250.5M vs $695K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$449.5M

YoY+64.3%

QoQ+15.8%

5Y CAGR+32.8%

Cactus, Inc. generated $449.5M in revenue in Q2 2026. This represents an increase of 64.3% from the same quarter a year earlier. Against the prior quarter it is up 15.8%.

EBITDA

$120.2M

YoY+56.7%

QoQ+39.3%

5Y CAGR+35.3%

Cactus, Inc.'s EBITDA was $120.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 56.7% from the same quarter a year earlier. Against the prior quarter it is up 39.3%.

Net Income

$49.0M

YoY+21.5%

QoQ+48.9%

5Y CAGR+36.4%

Cactus, Inc. reported $49.0M in net income in Q2 2026. This represents an increase of 21.5% from the same quarter a year earlier. Against the prior quarter it is up 48.9%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$365.8M

YoY-9.7%

QoQ+25.4%

5Y CAGR+3.4%

Cactus, Inc. held $365.8M in cash against $0 in long-term debt as of Q2 2026, with $496.0M of liabilities due within a year.

Dividends Per Share

$0.14

YoY+7.7%

QoQ0.0%

5Y CAGR+9.2%

Cactus, Inc. paid $0.14 per share in dividends in Q2 2026. This represents an increase of 7.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Gross Margin

33.3%

YoY-3.2pp

QoQ+4.6pp

Cactus, Inc.'s gross margin was 33.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.6 percentage points.

Operating Margin

18.6%

YoY-3.6pp

QoQ+5.8pp

5Y change+2.7pp

Cactus, Inc.'s operating margin was 18.6% in Q2 2026, reflecting core business profitability. This is down 3.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.8 percentage points.

Net Margin

10.9%

YoY-3.8pp

QoQ+2.4pp

5Y change+1.4pp

Cactus, Inc.'s net profit margin was 10.9% in Q2 2026, showing the share of revenue converted to profit. This is down 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.4 percentage points.

Return on Equity

4.0%

YoY+0.4pp

QoQ+1.2pp

5Y change+1.6pp

Cactus, Inc.'s quarterly ROE was 4.0% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.

Capital Allocation

Share Buybacks

$128K

YoY-39.6%

QoQ-98.4%

5Y CAGR+28.9%

Cactus, Inc. spent $128K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 39.6% from the same quarter a year earlier. Against the prior quarter it is down 98.4%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

WHD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WHD quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Revenue	$1.4B	$1.1B-4.5%	$1.1B+3.0%	$1.1B+59.4%	$688.4M+57.0%	$438.6M+25.8%	$348.6M-44.5%	$628.4M+15.5%	$544.1M+59.5%	$341.2M+120.1%	$155.0M
Cost of Revenue	$910.1M	$679.6M-2.0%	$693.4M+0.4%	$690.7M+54.9%	$445.9M	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$453.0M	$399.4M-8.5%	$436.4M+7.4%	$406.3M+67.6%	$242.4M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$198.8M	$148.9M+14.1%	$130.5M+2.7%	$127.1M+87.7%	$67.7M+47.1%	$46.0M+15.9%	$39.7M-23.1%	$51.7M+27.5%	$40.5M+49.1%	$27.2M+41.5%	$19.2M
Operating Income	$254.2M	$250.5M-13.5%	$289.6M+9.6%	$264.4M+51.3%	$174.7M+131.7%	$75.4M+7.7%	$70.0M-61.8%	$183.2M+3.1%	$177.7M+100.0%	$88.9M+737.1%	$10.6M
EBITDA	N/A	$314.4M-10.2%	$350.1M+6.3%	$329.4M+57.7%	$208.9M+86.9%	$111.7M+1.1%	$110.6M-50.2%	$222.0M+6.8%	$207.9M+85.4%	$112.1M+252.0%	$31.9M
Interest Expense	N/A	$695K+8.8%	$639K-83.3%	$3.8M+1324.6%	$268K-14.4%	$313K-1.3%	$317K+0.6%	$315K-88.2%	$2.7M-85.7%	$18.6M+1.2%	$18.4M
Income Tax	$60.6M	$59.0M-11.3%	$66.5M+39.9%	$47.5M+51.2%	$31.4M+309.5%	$7.7M-30.0%	$11.0M-65.7%	$32.0M+64.0%	$19.5M+1160.2%	$1.5M+91.5%	$809K
Net Income	$163.4M	$166.0M-10.5%	$185.4M+9.6%	$169.2M+53.5%	$110.2M+122.2%	$49.6M+44.0%	$34.4M-59.8%	$85.6M+65.6%	$51.7M	N/A	N/A
EPS (Basic)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.60	N/A	N/A
EPS (Diluted)	—	N/A	N/A	N/A	N/A	N/A	N/A	$1.88+19.0%	$1.58	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$449.5M+64.3%	$388.3M+38.5%	$261.2M-4.0%	$264.0M-10.0%	$273.6M-5.8%	$280.3M+2.3%	$272.1M-1.0%	$293.2M+1.8%
Cost of Revenue	$299.8M+72.7%	$276.8M+60.4%	$166.6M-1.5%	$166.8M-6.7%	$173.6M-1.6%	$172.6M+2.2%	$169.2M	$178.9M
Gross Profit	$149.7M+49.7%	$111.6M+3.6%	$94.6M-8.1%	$97.1M-15.0%	$100.0M-12.2%	$107.7M+2.3%	$102.9M	$114.3M
SG&A Expenses	$66.1M+68.8%	$62.1M+58.7%	$34.7M+7.0%	$35.9M-4.0%	$39.2M+25.5%	$39.1M+33.0%	$32.4M+9.8%	$37.4M+26.5%
Operating Income	$83.6M+37.5%	$49.5M-27.8%	$59.9M-15.0%	$61.2M-20.3%	$60.8M-23.8%	$68.6M+9.7%	$70.5M-10.3%	$76.8M-12.3%
EBITDA	$120.2M+56.7%	$86.3M+2.3%	$76.0M-11.4%	$77.4M-15.7%	$76.7M-19.1%	$84.3M+8.6%	$85.8M-8.2%	$91.9M-10.6%
Income Tax	$23.2M+62.2%	$9.5M-43.5%	$13.7M-26.1%	$14.2M-13.2%	$14.3M-21.4%	$16.8M+25.4%	$18.5M+9.0%	$16.4M-11.2%
Net Income	$49.0M+21.5%	$32.9M-25.6%	$39.8M-14.7%	$41.6M-16.6%	$40.3M-19.1%	$44.2M+13.5%	$46.7M-4.6%	$49.9M-5.0%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

WHD Balance Sheet

WHD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Total Assets	$1.9B+7.6%	$1.7B+14.2%	$1.5B+36.1%	$1.1B+13.9%	$982.1M+20.4%	$815.6M-2.3%	$835.0M+42.8%	$584.7M+119.5%	$266.5M	N/A
Current Assets	$954.9M+23.3%	$774.7M+39.3%	$556.2M-15.0%	$654.6M+26.3%	$518.5M+22.0%	$425.1M+2.5%	$414.9M+51.1%	$274.5M+67.5%	$163.9M	N/A
Cash & Equivalents	$123.6M-64.0%	$342.8M+156.3%	$133.8M-61.2%	$344.5M+14.2%	$301.7M+4.5%	$288.7M+42.5%	$202.6M+186.0%	$70.8M+835.3%	$7.6M-12.8%	$8.7M
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Inventory	$228.9M+23.9%	$184.8M+7.6%	$171.8M+12.5%	$152.7M+34.3%	$113.7M+38.8%	$81.9M-23.6%	$107.2M+13.7%	$94.3M+59.0%	$59.3M	N/A
Accounts Receivable	$164.5M-14.2%	$191.6M-6.7%	$205.4M+48.5%	$138.3M+55.0%	$89.2M+102.4%	$44.1M-49.8%	$87.9M-4.8%	$92.3M+9.6%	$84.2M	N/A
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Goodwill	$203.0M0.0%	$203.0M0.0%	$203.0M+2494.9%	$7.8M0.0%	$7.8M0.0%	$7.8M0.0%	$7.8M0.0%	$7.8M0.0%	$7.8M	N/A
Total Liabilities	$438.6M-7.7%	$475.1M+3.8%	$457.8M+12.1%	$408.5M+5.5%	$387.0M-16.3%	$462.6M-8.8%	$507.5M+24.7%	$407.1M+34.5%	$302.7M	N/A
Current Liabilities	$164.2M-8.2%	$178.8M+1.8%	$175.7M+50.6%	$116.6M+26.0%	$92.6M+89.3%	$48.9M-46.3%	$91.1M+22.1%	$74.6M+41.1%	$52.9M	N/A
Non-Current Liabilities	$274.3M-7.4%	$296.3M+5.0%	$282.1M-3.3%	$291.8M-0.9%	$294.5M-28.8%	$413.7M-0.6%	$416.4M+25.2%	$332.5M+33.1%	$249.8M	N/A
Long-Term Debt	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0-100.0%	$241.4M	N/A
Total Equity	$1.2B+14.5%	$1.1B+23.8%	$865.5M+51.3%	$571.9M+22.0%	$468.6M+32.8%	$353.0M+7.8%	$327.5M+84.3%	$177.7Mn/m	-$36.2M	N/A
Retained Earnings	$680.4M+23.2%	$552.1M+37.8%	$400.7M+53.1%	$261.8M+46.7%	$178.4M+18.9%	$150.1M+12.9%	$133.0M+157.3%	$51.7M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$2.6B+41.7%	$2.5B+38.9%	$1.9B+7.6%	$1.9B+10.9%	$1.8B+12.2%	$1.8B+12.3%	$1.7B+14.2%	$1.7B+14.9%
Current Assets	$1.3B+46.9%	$1.2B+45.3%	$954.9M+23.3%	$928.7M+27.2%	$873.4M+30.5%	$809.0M+31.1%	$774.7M+39.3%	$730.2M+48.1%
Cash & Equivalents	$365.8M-9.7%	$291.6M-16.1%	$123.6M-64.0%	$445.6M+46.9%	$405.2M+64.4%	$347.7M+79.0%	$342.8M+156.3%	$303.4M+376.0%
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Inventory	$299.0M+50.5%	$321.0M+74.3%	$228.9M+23.9%	$225.4M+22.3%	$198.7M+13.1%	$184.2M+7.2%	$184.8M+7.6%	$184.3M+9.1%
Accounts Receivable	$510.2M+146.1%	$460.0M+109.4%	$164.5M-14.2%	$201.4M+2.3%	$207.3M+1.1%	$219.7M+5.8%	$191.6M-6.7%	$196.9M-4.5%
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Goodwill	$287.3M+41.5%	$248.3M+22.3%	$203.0M0.0%	$203.0M0.0%	$203.0M0.0%	$203.0M0.0%	$203.0M0.0%	$203.0M+1.1%
Total Liabilities	$881.5M+85.2%	$811.8M+75.1%	$438.6M-7.7%	$471.4M+0.4%	$476.0M+0.9%	$463.7M-2.4%	$475.1M+3.8%	$469.4M+3.4%
Current Liabilities	$496.0M+175.6%	$451.1M+170.2%	$164.2M-8.2%	$175.9M-8.1%	$180.0M+0.8%	$167.0M-12.4%	$178.8M+1.8%	$191.3M+7.9%
Non-Current Liabilities	$385.5M+30.2%	$360.7M+21.6%	$274.3M-7.4%	$295.5M+6.2%	$296.0M+1.0%	$296.7M+4.2%	$296.3M+5.0%	$278.1M+0.5%
Long-Term Debt	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Total Equity	$1.2B+8.1%	$1.2B+7.4%	$1.2B+14.5%	$1.2B+18.6%	$1.1B+20.3%	$1.1B+24.0%	$1.1B+23.8%	$1.0B+22.2%
Retained Earnings	$660.9M+6.9%	$621.9M+5.9%	$680.4M+23.2%	$650.4M+26.4%	$618.6M+30.7%	$587.3M+36.0%	$552.1M+37.8%	$514.5M+43.0%

WHD Cash Flow Statement

WHD quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Operating Cash Flow	$366.9M	$258.4M-18.3%	$316.1M-7.1%	$340.3M+188.7%	$117.9M+84.9%	$63.8M-55.5%	$143.4M-31.6%	$209.6M+25.4%	$167.2M+381.7%	$34.7M+44.8%	$24.0M
Depreciation & Amortization	N/A	$63.9M+5.8%	$60.4M-7.1%	$65.0M+90.6%	$34.1M-6.0%	$36.3M-10.4%	$40.5M+4.3%	$38.9M+28.9%	$30.2M+29.6%	$23.3M+9.6%	$21.2M
Stock-Based Compensation	N/A	$24.5M+7.0%	$22.9M+26.4%	$18.1M+70.3%	$10.6M+23.3%	$8.6M+0.2%	$8.6M+22.9%	$7.0M+48.7%	$4.7M	N/A	$361K
Investing Cash Flow	-$338.1M	-$39.1Mn/m	-$35.4Mn/m	-$654.8Mn/m	-$25.5Mn/m	-$11.6Mn/m	-$18.1Mn/m	-$55.9Mn/m	-$68.2Mn/m	-$30.7Mn/m	-$17.4M
Financing Cash Flow	-$68.8M	-$69.1Mn/m	-$70.1M-167.9%	$103.3Mn/m	-$47.4Mn/m	-$39.4Mn/m	-$40.2Mn/m	-$21.7Mn/m	-$35.0Mn/m	-$5.3Mn/m	-$10.2M
Dividends Paid	$39.3M	$37.4M+11.2%	$33.7M+11.8%	$30.1M+12.7%	$26.7M+26.3%	$21.2M+23.4%	$17.1M+303.9%	$4.2Mn/m	$0	N/A	N/A
Share Buybacks	$8.2M	$5.9M-36.5%	$9.3M+77.8%	$5.2M+15.0%	$4.6M+39.0%	$3.3M+127.2%	$1.4M-6.7%	$1.5Mn/m	$0	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$104.6M+26.2%	$128.3M+208.8%	$72.3M+8.5%	$61.8M-27.6%	$82.8M+6.3%	$41.5M-51.8%	$66.6M-27.4%	$85.3M+6.5%
Depreciation & Amortization	$36.6M+130.6%	$36.8M+134.5%	$16.2M+5.5%	$16.2M+7.4%	$15.9M+5.9%	$15.7M+4.2%	$15.3M+3.0%	$15.1M-0.5%
Stock-Based Compensation	N/A	$7.0M+16.1%	N/A	N/A	N/A	$6.1M+36.8%	N/A	N/A
Investing Cash Flow	-$15.6Mn/m	-$310.0Mn/m	-$4.3Mn/m	-$8.2Mn/m	-$11.1Mn/m	-$15.5Mn/m	-$11.3Mn/m	-$10.0Mn/m
Financing Cash Flow	-$14.7Mn/m	-$21.5Mn/m	-$19.2Mn/m	-$13.3Mn/m	-$14.8Mn/m	-$21.8Mn/m	-$13.7Mn/m	-$19.2Mn/m
Dividends Paid	$9.8M+9.2%	$10.2M+10.8%	$9.6M+8.9%	$9.6M+11.0%	$8.9M+11.8%	$9.2M+13.2%	$8.9M+12.8%	$8.7M+11.4%
Share Buybacks	$128K-39.6%	$7.9M+43.7%	$13K+30.0%	$204K-75.5%	$212K-4.1%	$5.5M-33.5%	$10K-98.5%	$832Kn/m

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

WHD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WHD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Gross Margin	37.0%-1.6pp	38.6%+1.6pp	37.0%+1.8pp	35.2%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	23.2%-2.4pp	25.6%+1.5pp	24.1%-1.3pp	25.4%+8.2pp	17.2%-2.9pp	20.1%-9.0pp	29.1%-3.5pp	32.7%+6.6pp	26.0%+19.2pp	6.9%
Net Margin	15.4%-1.0pp	16.4%+1.0pp	15.4%-0.6pp	16.0%+4.7pp	11.3%+1.4pp	9.9%-3.7pp	13.6%+4.1pp	9.5%	N/A	N/A
Return on Equity	13.5%-3.8pp	17.3%-2.2pp	19.6%+0.3pp	19.3%+8.7pp	10.6%+0.8pp	9.8%-16.4pp	26.1%-2.9pp	29.1%	N/A	N/A
Return on Assets	8.9%-1.8pp	10.7%-0.5pp	11.1%+1.3pp	9.8%+4.8pp	5.1%+0.8pp	4.2%-6.0pp	10.3%+1.4pp	8.8%	N/A	N/A
Current Ratio	5.81+1.5x	4.33+1.2x	3.17-2.4x	5.610.0x	5.60-3.1x	8.69+4.1x	4.55+0.9x	3.68+0.6x	3.10	N/A
Debt-to-Equity	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.00	N/A	N/A
Liabilities-to-Equity	0.36-0.1x	0.44-0.1x	0.53-0.2x	0.71-0.1x	0.83-0.5x	1.31-0.2x	1.55-0.7x	2.29	N/A	N/A
Asset Turnover	0.58-0.1x	0.65-0.1x	0.72+0.1x	0.62+0.2x	0.450.0x	0.43-0.3x	0.75-0.2x	0.93-0.3x	1.28	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	33.3%-3.2pp	28.7%-9.7pp	36.2%-1.6pp	36.8%-2.2pp	36.5%-2.7pp	38.4%0.0pp	37.8%	39.0%
Operating Margin	18.6%-3.6pp	12.8%-11.7pp	22.9%-3.0pp	23.2%-3.0pp	22.2%-5.3pp	24.5%+1.7pp	25.9%-2.7pp	26.2%-4.2pp
Net Margin	10.9%-3.8pp	8.5%-7.3pp	15.3%-1.9pp	15.8%-1.3pp	14.7%-2.4pp	15.8%+1.6pp	17.2%-0.7pp	17.0%-1.2pp
Return on Equity	4.0%+0.4pp	2.8%-1.2pp	3.3%-1.1pp	3.5%-1.5pp	3.5%-1.7pp	4.0%-0.4pp	4.4%-1.3pp	5.0%-1.4pp
Return on Assets	1.9%-0.3pp	1.3%-1.2pp	2.1%-0.6pp	2.2%-0.7pp	2.2%-0.8pp	2.5%0.0pp	2.7%-0.5pp	3.0%-0.6pp
Current Ratio	2.59-2.3x	2.61-2.2x	5.81+1.5x	5.28+1.5x	4.85+1.1x	4.85+1.6x	4.33+1.2x	3.82+1.0x
Debt-to-Equity	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.00
Liabilities-to-Equity	0.71+0.3x	0.68+0.3x	0.36-0.1x	0.40-0.1x	0.41-0.1x	0.42-0.1x	0.44-0.1x	0.47-0.1x
Asset Turnover	0.170.0x	0.160.0x	0.140.0x	0.140.0x	0.150.0x	0.160.0x	0.160.0x	0.170.0x

Not reported in any period shown, so not listed: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Cactus, Inc. WHD	FY2025	$1.1B	$166.0M	15.4%	$4.5B	79/100
Tidewater, Inc. TDW	FY2025	$1.4B	$334.7M	24.7%	$4.2B	74/100
Kodiak Gas Services, Inc. KGS	FY2025	$1.3B	$80.5M	6.2%	$4.6B	57/100
USA COMPRESSION PTNRS LP USAC	FY2025	$998.1M	$111.3M	11.2%	$3.6B	62/100
Oceaneering International Inc. OII	FY2025	$2.8B	$353.8M	12.7%	$4.0B	68/100
Solaris Energy Infrastructure, Inc. SEI	FY2025	$622.2M	$30.2M	4.9%	$4.1B	65/100

Where Cactus, Inc. Ranks

Frequently Asked Questions

What is Cactus, Inc.'s annual revenue?

Cactus, Inc. (WHD) reported $1.1B in total revenue for fiscal year 2025. This represents a -4.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cactus, Inc.'s revenue growing?

Cactus, Inc. (WHD) revenue declined by 4.5% year-over-year, from $1.1B to $1.1B in fiscal year 2025.

Is Cactus, Inc. profitable?

Yes, Cactus, Inc. (WHD) reported a net income of $163.4M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $166.0M, with a net profit margin of 15.4%.

What is Cactus, Inc.'s EBITDA?

Cactus, Inc. (WHD) had EBITDA of $314.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cactus, Inc. have?

As of fiscal year 2025, Cactus, Inc. (WHD) had $123.6M in cash and equivalents against $0 in long-term debt.

What is Cactus, Inc.'s gross margin?

Cactus, Inc. (WHD) had a gross margin of 37.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cactus, Inc.'s operating margin?

Cactus, Inc. (WHD) had an operating margin of 23.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Cactus, Inc.'s net profit margin?

Cactus, Inc. (WHD) had a net profit margin of 15.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Cactus, Inc. pay dividends?

Yes, Cactus, Inc. (WHD) paid $0.54 per share in dividends during fiscal year 2025.

What is Cactus, Inc.'s return on equity (ROE)?

Cactus, Inc. (WHD) has a return on equity of 13.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Cactus, Inc.'s operating cash flow?

Cactus, Inc. (WHD) generated $258.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cactus, Inc.'s total assets?

Cactus, Inc. (WHD) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Cactus, Inc. buy back shares?

Yes, Cactus, Inc. (WHD) spent $5.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Cactus, Inc.'s current ratio?

Cactus, Inc. (WHD) had a current ratio of 5.81 as of fiscal year 2025, which is generally considered healthy.

What is Cactus, Inc.'s debt-to-equity ratio?

Cactus, Inc. (WHD) had a debt-to-equity ratio of 0.00 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Cactus, Inc.'s liabilities-to-equity ratio?

Cactus, Inc. (WHD) had a liabilities-to-equity ratio of 0.36 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Cactus, Inc.'s return on assets (ROA)?

Cactus, Inc. (WHD) had a return on assets of 8.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cactus, Inc.'s P/E ratio?

Cactus, Inc. (WHD) trades at 27.5x earnings, its market capitalization divided by $163.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.5B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cactus, Inc.'s price-to-sales ratio?

Cactus, Inc. (WHD) trades at 3.3x sales, its market capitalization divided by $1.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.5B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cactus, Inc.'s Altman Z-Score?

Cactus, Inc. (WHD) has an Altman Z-Score of 8.17, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Cactus, Inc.'s Piotroski F-Score?

Cactus, Inc. (WHD) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cactus, Inc.'s earnings high quality?

Cactus, Inc. (WHD) has an earnings quality ratio of 1.56x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cactus, Inc. cover its interest payments?

Cactus, Inc. (WHD) has an interest coverage ratio of 360.43x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Cactus, Inc.?

Cactus, Inc. (WHD) scores 79 out of 100 on our Financial Health Score, indicating strong standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Cactus, Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.