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
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
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)
PTEN$4.84B
CIVI$4.71B
LBRT$3.91B
Gross Margin (Latest Quarter)
CIVI99.8%
53.2%
TDW48.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| WHD | $3.17B | 17.4 | 16.1% | 2.1% |
| LBRT | $2.96B | 15.9 | 9.2% | 17.9% |
| CIVI | $2.50B | 3.7 | 9.5% | 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%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 31, 2025|Revenue: $273.58M-5.8%|EPS: $0.59-21.3%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 1, 2025|Revenue: $280.32M+2.3%|EPS: $0.65+8.3%MeetForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 27, 2025|Revenue: $1.13B+3.0%|EPS: $2.79+6.5%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 31, 2024|Revenue: $293.18M+1.8%|EPS: $0.89+9.9%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 1, 2024|Revenue: $290.39M-5.0%|EPS: $0.75+97.4%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 2, 2024|Revenue: $274.12M+20.0%|EPS: $0.60-10.4%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 29, 2024|Revenue: $1.10B+59.4%|EPS: $2.62+43.2%Beat