Cactus, Inc. (WHD) Stock Analysis
Energy · Oil & Gas Equipment & Services · NYSE
Cactus, Inc. (WHD) posted $1.08B in revenue for fiscal 2025 (down 4.5% year over year), at a 15.4% net margin, and has compounded revenue about 25.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Cactus, Inc.
Cactus, Inc. has grown revenue from $155.05M to $1.08B over the last 10 fiscal years, compounding about 25.4% a year. The most recent year was down 4.5%, so growth has cooled from its longer-run pace.
Net margin sits at 15.4%, down 1 points year over year on a 37% gross margin.
Synthesised from Cactus, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Cactus, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $155.05M | $341.19M | $544.13M | $628.41M | $348.57M | $438.59M | $688.37M | $1.10B | $1.13B | $1.08B |
| Gross profit | — | — | — | — | — | — | $242.45M | $406.29M | $436.39M | $399.42M |
| Net income | $-8.18M | $66.55M | $51.68M | $85.61M | $34.45M | $49.59M | $110.17M | $169.17M | $185.41M | $166.01M |
| Net margin | -5.3% | 19.5% | 9.5% | 13.6% | 9.9% | 11.3% | 16.0% | 15.4% | 16.4% | 15.4% |
Source: Cactus, Inc. SEC filings (10-K).
Cactus, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
Explore 10 years of Cactus, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Cactus, Inc. financial history by metric
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About Cactus, Inc.
Cactus, Inc., together with its subsidiaries, designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies in the United States, Australia, Canada, the Middle East, and internationally. The company operates in two segments: Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellheads and pressure control equipment under the Cactus Wellhead brand through its service centers. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases. This segment also offers field services for its products and rental items to assist with the installation, maintenance, and handling of the equipment. The Spoolable Technologies segment designs, manufactures, and sells spoolable pipes and associated end fittings under the FlexSteel brand. Its products are primarily used in production, gathering, and takeaway pipelines to transport oil, gas, and other liquids. This segment also provides field services and rental items to assist with installation through service centers and pipe yards, as well as equipment and services. The company also offers repair and refurbishment services for pressure control equipment. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.
Cactus, Inc. — frequently asked questions
What is Cactus, Inc.'s revenue?
Cactus, Inc. (WHD) reported revenue of $1.08B for fiscal year 2025, down 4.5% from the prior year, according to its SEC filings.
Is Cactus, Inc. profitable?
Yes. WHD earned net income of $166.01M in fiscal 2025, a net margin of 15.4%.
What is WHD's P/E ratio?
Cactus, Inc. trades at a price-to-earnings ratio of about 54.6 based on the latest data in our nightly-refreshed cache.
How fast is Cactus, Inc. growing?
WHD's revenue grew at roughly 25.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Cactus, Inc. have?
As of fiscal year 2025, WHD carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Cactus, Inc.'s gross margin?
WHD's gross margin was 37.0% in fiscal 2025 — gross profit of $399.42M on revenue of $1.08B.
What is Cactus, Inc.'s market cap?
Cactus, Inc. (WHD) has a market capitalization of about $4.05B, based on the latest data in our nightly-refreshed cache.
When does Cactus, Inc.'s fiscal year end?
WHD's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Cactus, Inc.'s official SEC filings (10-K and 10-Q), covering 10 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.