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Cactus, Inc.

NYSE•WHD
CEO: Mr. Scott J. Bender
Sector: Energy
Industry: Oil & Gas Equipment & Services
Listing Date: 2018-02-08
Cactus, Inc., together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells. This segment also provides field services to install, maintain, and handle the equipment. The Spoolable Technologies segment designs, manufactures, and sells spoolable pipes and associated end fittings under the FlexSteel brand name. Its products are primarily used to transport oil, gas, and other liquids. This segment also provides field services and rental items through service centers and pipe yards, as well as offers equipment and services internationally. In addition, the company offers repair and refurbishment services. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.
Contact Information
920 Memorial City Way, Suite 300, Houston, TX, 77024, United States
713-626-8800
www.cactuswhd.com
Market Cap
$3.35B
P/E (TTM)
20.2
26.6
Dividend Yield
1.1%
52W High
$59.25
52W Low
$33.20
52W Range
59%
Rank37Top 34.1%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$261.20M+0.00%
4-Quarter Trend

EPS

$0.58+0.00%
4-Quarter Trend

FCF

$63.42M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Net Interest Income Net interest income reached $11.0M, marking a 69.7% increase due to higher cash invested balances.
Increased Cactus Inc. Ownership Cactus Inc. ownership in Cactus Companies reached 86.3% of CC Units, reducing non-controlling interest share.
Baker Hughes JV Expansion Completed acquisition of 65% of Baker Hughes Pressure Control for $344.5M cash consideration on January 1, 2026.

Risk Factors

Overall Revenue Decline Total revenues decreased 4.5% to $1.079B, driven by lower oil/gas activity impacting both segments.
Operating Income Contraction Total operating income fell 13.5% to $250.5M, pressured by escalated tariff costs and legal expenses.
Spoolable Tech Sales Drop Spoolable Technologies revenue dropped 9.5% to $368.2M due to reduced domestic spoolable pipe sales volume.
Increased Safety Incident Rate Pressure Control segment TRIR rose to 1.49 in 2025, indicating higher operational safety risks requiring monitoring.

Outlook

Geographic Expansion Strategy Future success depends on managing expanded operations in new jurisdictions like the Middle East via the Joint Venture.
Planned Capital Expenditures Estimated 2026 net capital expenditures range from $40M to $50M, including Vietnam JV investment.
Future Dividend Policy Intend to maintain current $0.14 quarterly dividend while retaining balance for growth or share repurchases.

Peer Comparison

Revenue (TTM)

PTEN stock ticker logoPTEN
$4.83B
-10.3%
CIVI stock ticker logoCIVI
$4.71B
-6.6%
LBRT stock ticker logoLBRT
$4.01B
-7.2%

Gross Margin (Latest Quarter)

WHD stock ticker logoWHD
92.8%
-3.7pp
CIVI stock ticker logoCIVI
70.9%
+32.1pp
STNG stock ticker logoSTNG
66.2%
-2.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LBRT$4.59B31.07.3%24.5%
STNG$3.90B10.811.3%15.8%
TDW$3.81B11.428.1%27.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.3%
Flat Growth
4Q Net Income CAGR
-3.4%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 28, 2026
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EPS:-
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News
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LTM
No Data