10x Insights
Loading account…
Companies / Energy / Cactus, Inc.
WHD

Cactus, Inc.

EnergyIndustrial Machinery
Ticker WHDHOUSTON, TXFiscal year ends DecemberBook value per share $18.66Diluted shares 70.1M

Cactus, Inc. (NYSE: WHD) designs, manufactures, sells and rents engineered pressure-control equipment and spoolable pipe technologies used in onshore oil and gas wells during drilling, completion and production. It also provides field installation, maintenance and equipment-handling services, as well as repair and… From the company’s description.

Over the twelve months to Sep 30, 2026, Cactus, Inc. reported revenue of $1.53B, up 40.4% from a year earlier, and net income of $223.99M. Its operating margin was 18.8%, and operations generated $323.52M in cash. In fiscal 2025, it reported revenue of $1.08B, down 4.5% from fiscal 2024, and net income of $201.64M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.08BFY2025
−4.5% year over year
Last 12 mo $1.53B
23.21%FY2025
−2.4 percentage points
Last 12 mo 18.76%
$201.64MFY2025
−13.4% year over year
Last 12 mo $223.99M
13.54%FY2025
−3.8 percentage points
Last 12 mo 14.05%
Cash & financing
$258.42MFY2025
−18.3% year over year
Last 12 mo $323.52M
$219.61MFY2025
−20.7% year over year
Last 12 mo $269.50M
0.01FY2025
Was 0.02× a year earlier
Last 12 mo 0.01
69.0MFY2025
−13.6% year over year
Last 12 mo 70.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Cactus, Inc. does

In the company’s own words

Cactus, Inc. (NYSE: WHD) designs, manufactures, sells and rents engineered pressure-control equipment and spoolable pipe technologies used in onshore oil and gas wells during drilling, completion and production. It also provides field installation, maintenance and equipment-handling services, as well as repair and refurbishment. Cactus operates through two segments: Pressure Control, which supplies wellheads, production trees and related equipment under the Cactus Wellhead brand, and Spoolable Technologies, which sells FlexSteel pipe and fittings for production, gathering and takeaway pipelines. Customers include private and publicly traded oil and gas operators, major companies and other energy businesses. In 2025, product sales generated 76% of revenue, rentals 8% and field service and other 16%; the company served more than 300 customers and employed over 1,500 people worldwide. Cactus began operating in 2011 and acquired the FlexSteel business in 2023. On January 1, 2026, it acquired a 65% interest in Baker Hughes Pressure Control, the former surface pressure control business of Baker Hughes Company. Its website is www.CactusWHD.com.

Company details
Sector
Energy
Industry (SIC)
Industrial Machinery
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1699136
SIC
3533

Financial performance, year by year

Fiscal 2018–2025 · USD
$-153.00M$305.99M$764.98M$1.22B$1.68B20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Cactus, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

382
funds hold it
0 of 35
superinvestors hold it
$2.41B
held by funds, at market
65.2%
of shares held by funds

Largest fund holders · Cactus, Inc.’s weight in each

0.26%of fund net assets
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.19%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Disciplined Value Mid Cap Fund
JVMAX · John Hancock Funds III
0.42%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.11%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Cactus, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Cactus, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Cactus, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.