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Cactus, Inc.

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
$3.17B
P/E (TTM)
17.4
18.1
Dividend Yield
1.2%
52W High
$65.35
52W Low
$33.20
52W Range
40%
Rank42Top 35.8%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$263.95M-9.97%
4-Quarter Trend

EPS

$0.61-31.46%
4-Quarter Trend

FCF

$51.59M-31.79%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Cash Position Strengthened Cash and cash equivalents reached $445.61M by September 30, 2025, showing significant growth from $342.84M year-end 2024.
Q3 Operating Income Stable Q3 2025 Operating Income was $61.23M, marking a slight sequential increase of 0.7% despite overall revenue pressures.
Stockholders' Equity Increased Total stockholders' equity attributable to Cactus Inc. grew to $1.393B compared to $1.264B at December 31, 2024.
Class A EPS Declines Diluted EPS for Class A common stock was $0.60 for Q3 2025, down from $0.74 reported in the prior quarter.

Risk Factors

Nine Month Revenue Down Total revenues for nine months ended September 30, 2025 totaled $817.85M, reflecting a 4.6% decrease year-over-year.
Operating Income Decreased Nine month operating income fell 13.0% to $190.65M compared to $219.16M in the comparable prior year period.
Spoolable Tech Revenue Slump Spoolable Technologies revenue dropped 8.7% for nine months, primarily due to reduced customer activity levels impacting sales.
Cost Cuts May Hinder Service Cost-cutting measures implemented in 2025 could inhibit meeting customer needs if the anticipated market downturn reverses quickly.

Outlook

Baker Hughes Deal Closing Acquisition of Baker Hughes surface pressure control business is expected to close early 2026 following restructuring completion.
Estimated 2025 CapEx Range Net capital expenditures for 2025 are estimated between $40M and $45M, focused on fleet and plant enhancements.
Tax Legislation Impact Evaluation Company evaluates new 2025 tax legislation but anticipates the impact to total income tax expense will be immaterial.
No Critical Policy Changes No changes in critical accounting policies were made since December 31, 2024, as noted in the financial statements.

Peer Comparison

Revenue (TTM)

Patterson-UTI Energy, Inc.PTEN
$4.84B
-16.6%
Civitas Resources, Inc.CIVI
$4.71B
-6.6%
Liberty Energy Inc.LBRT
$3.91B
-12.0%

Gross Margin (Latest Quarter)

Civitas Resources, Inc.CIVI
99.8%
+61.0pp
Cactus, Inc.WHD
53.2%
+14.2pp
Tidewater Inc.TDW
48.0%
+19.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WHD$3.17B17.416.1%2.1%
LBRT$2.96B15.99.2%17.9%
CIVI$2.50B3.79.5%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.0%
Flat Growth
4Q Net Income CAGR
-3.8%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 25, 2026
|
EPS:$0.58
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $263.95M-10.0%
    |
    EPS: $0.61-31.5%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $273.58M-5.8%
    |
    EPS: $0.59-21.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $280.32M+2.3%
    |
    EPS: $0.65+8.3%
    Meet
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $1.13B+3.0%
    |
    EPS: $2.79+6.5%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $293.18M+1.8%
    |
    EPS: $0.89+9.9%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $290.39M-5.0%
    |
    EPS: $0.75+97.4%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $274.12M+20.0%
    |
    EPS: $0.60-10.4%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $1.10B+59.4%
    |
    EPS: $2.62+43.2%
    Beat