Cactus, Inc. WHD

Industrials SIC 3533 - Oil & Gas Field Machinery & Equipment NYSE

Cactus, Inc. ("Cactus Inc.") was incorporated on February 17, 2017 as a Delaware corporation for the purpose of completing an initial public offering of equity, which was completed on February 12, 2018 (our "IPO"). We began operating in August 2011 following the formation of Cactus Wellhead, LLC ("Cactus LLC") in part by Scott Bender and Joel Bender, who have owned or operated wellhead manufacturing businesses since the late 1970s.

"The Company" is primarily engaged in the design, manufacture, sale and rental of highly engineered pressure control and spoolable pipe technologies. Our products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of our customers' wells. We also provide field services for all of our products and rental items to assist with the installation, maintenance and handling of the equipment. Additionally, we offer repair and refurbishment services as appropriate. We operate through service centers and pipe yards located in the United States, Canada and Australia. We also provide rental and service operations in the Middle East and other select international markets. Our primary manufacturing and production facilities are in Bossier City, Louisiana, Baytown, Texas and Suzhou, China. In addition, a new plant is commencing production in Vietnam. Our corporate headquarters are located in Houston, Texas.

Last close 70.16 2026-09-04
Market cap
52-week range 33.20 - 74.07

Valuation FY2025 figures against the last close

P/S
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.08B$1.13B$1.10B$688.4M$438.6M$348.6M$628.4M$544.1M$341.2M$155.0M
Cost of revenue $679.6M$693.4M$690.7M$445.9M
Gross profit $399.4M$436.4M$406.3M$242.4M
SG&A $148.9M$130.5M$127.1M$67.7M$46.0M$39.7M$51.7M$40.5M$27.2M$19.2M
Total operating expenses $828.5M$840.2M$832.6M$513.6M$363.2M$278.5M$445.3M$366.4M$252.3M$144.4M
Operating income $250.5M$289.6M$264.4M$174.7M$75.4M$70.0M$183.2M$177.7M$88.9M$10.6M
Interest expense $6.5M$3.7M$774.0K$701.0K$879.0K$3.6M$20.8M$20.2M
Pre-tax income $260.7M$299.3M$262.4M$176.6M$75.1M$70.2M$188.3M$169.8M$68.1M-$7.4M
Income tax $59.0M$66.5M$47.5M$31.4M$7.7M$11.0M$32.0M$19.5M$1.5M$809.0K
Net income $166.0M$185.4M$169.2M$110.2M$49.6M$34.4M$85.6M$51.7M$66.5M-$8.2M
EPS, basic 1.60
EPS, diluted 1.881.58

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $123.6M$342.8M$133.8M$344.5M$301.7M$288.7M$202.6M$70.8M$7.6M$8.7M
Receivables $164.5M$191.6M$205.4M$138.3M$89.2M$44.1M$87.9M$92.3M$84.2M
Total current assets $954.9M$774.7M$556.2M$654.6M$518.5M$425.1M$414.9M$274.5M$163.9M
Property, plant and equipment $142.8M$161.7M$142.1M$94.7M
Goodwill $203.0M$203.0M$203.0M$7.8M$7.8M$7.8M$7.8M$7.8M$7.8M
Other intangibles $148.0M$164.0M$180.0M$0
Total assets $1.87B$1.74B$1.52B$1.12B$982.1M$815.6M$835.0M$584.7M$266.5M
Accounts payable $71.5M$72.0M$71.8M$47.8M$42.8M$20.2M$41.0M$42.0M$35.1M
Short-term debt $2.6M
Total current liabilities $164.2M$178.8M$175.7M$116.6M$92.6M$48.9M$91.1M$74.6M$52.9M
Long-term debt $0$0$0$0$0$0$0$0$241.4M
Total liabilities $438.6M$475.1M$457.8M$408.5M$387.0M$264.8M$318.6M$222.4M$302.7M
Retained earnings $680.4M$552.1M$400.7M$261.8M$178.4M$150.1M$133.0M$51.7M
Total equity $1.23B$1.07B$1.06B$710.4M$595.0M$550.8M$516.4M$362.3M-$36.2M-$103.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $258.4M$316.1M$340.3M$117.9M$63.8M$143.4M$209.6M$167.2M$34.7M$24.0M
Depreciation and amortisation $63.9M$60.4M$65.0M$34.1M$36.3M$40.5M$38.9M$30.2M$23.3M$21.2M
Stock-based compensation $24.5M$22.9M$18.1M$10.6M$8.6M$8.6M$7.0M$4.7M$361.0K
Investing cash flow -$39.1M-$35.4M-$654.8M-$25.5M-$11.6M-$18.1M-$55.9M-$68.2M-$30.7M-$17.4M
Financing cash flow -$69.1M-$70.1M$103.3M-$47.4M-$39.4M-$40.2M-$21.7M-$35.0M-$5.3M-$10.2M
Dividends paid $37.4M$33.7M$30.1M$26.7M$21.2M$17.1M$4.2M$0
Buybacks $5.9M$9.3M$5.2M$4.6M$3.3M$1.4M$1.5M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012377.

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