Cactus, Inc. (WHD) Financial Statements
Industry: Oil & Gas Field Machinery & Equipment
In fiscal 2025, Cactus reported revenue of $1.08B, down 4.5% from $1.13B the year before. Net income was $166.0M (a 15.4% net margin), or $2.41 per diluted share. Gross margin was 37.0% and operating margin was 23.2%. Operating activities generated $258.4M of cash. At fiscal year end, Cactus held $1.87B in total assets against $438.6M in total liabilities, including $123.6M of cash and equivalents.
Open the full interactive Cactus financials → Quarterly statements, key ratios, valuation history and price charts.
Cactus Key Stats
| Share Price | $64.07 |
|---|---|
| Market Cap | $4.50B |
| P/E Ratio | 26.6 |
| Revenue YoY Growth | -4.5% |
| 52-Week Range | $34.66 – $73.57 |
| Shares Outstanding | 69.5 million (basic, 2026 Q2) |
Cactus Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $348.6M | $438.6M | $688.4M | $1.10B | $1.13B | $1.08B |
| Cost of Goods Sold | $131.7M | $189.1M | $277.9M | $490.1M | $496.9M | $489.8M |
| Gross Profit | $216.8M | $249.5M | $410.5M | $606.8M | $436.4M | $399.4M |
| Operating Income | $70.0M | $75.4M | $174.7M | $264.4M | $289.6M | $250.5M |
| Pre-Tax Income | $70.2M | $75.1M | $176.6M | $262.4M | $299.3M | $260.7M |
| Income Tax | $11.0M | $7.7M | $31.4M | $47.5M | $66.5M | $59.0M |
| Net Income | $34.4M | $49.6M | $110.2M | $169.2M | $185.4M | $166.0M |
| Diluted EPS | $0.72 | $0.83 | $1.80 | $2.57 | $2.77 | $2.41 |
Cactus Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $264.0M | $261.2M | $388.3M | $449.5M |
| Net Income | $41.6M | $39.8M | $32.9M | $49.0M |
| Diluted EPS | $0.60 | $0.58 | -$0.70 | $0.70 |
Cactus Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $288.7M | $301.7M | $344.5M | $133.8M | $342.8M | $123.6M |
| Current Assets | $425.1M | $518.5M | $654.6M | $556.2M | $774.7M | $954.9M |
| Total Assets | $815.6M | $982.1M | $1.12B | $1.52B | $1.74B | $1.87B |
| Current Liabilities | $48.9M | $92.6M | $116.6M | $175.7M | $178.8M | $164.2M |
| Total Liabilities | $264.8M | $387.0M | $408.5M | $457.8M | $475.1M | $438.6M |
| Shareholders' Equity | $353.0M | $468.6M | $571.9M | $865.5M | $1.07B | $1.23B |
Cactus Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $143.4M | $63.8M | $117.9M | $340.3M | $316.1M | $258.4M |
| Cash From Investing | -$18.1M | -$11.6M | -$25.5M | -$654.8M | -$35.4M | -$39.1M |
| Cash From Financing | -$40.2M | -$39.4M | -$47.4M | $103.3M | -$70.1M | -$69.1M |
Figures from Cactus' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Cactus financials page for every line item.
Cactus Company Profile
| Ticker | WHD |
|---|---|
| Exchange | NYSE |
| Industry | Oil & Gas Field Machinery & Equipment |
| Headquarters | Houston, Texas |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001699136 |
Frequently Asked Questions
What was Cactus' revenue in fiscal 2025?
Cactus (WHD) reported revenue of $1.08B for fiscal 2025.
What is Cactus' annual revenue history?
Cactus' annual revenue by fiscal year: 2020: $348.6M; 2021: $438.6M; 2022: $688.4M; 2023: $1.10B; 2024: $1.13B; 2025: $1.08B.
What was Cactus' net income in fiscal 2025?
Cactus reported net income of $166.0M for fiscal 2025.
What was Cactus' earnings per share (EPS) in fiscal 2025?
Cactus' diluted EPS was $2.41 for fiscal 2025 (adjusted for any later stock splits).
What was Cactus' revenue last quarter?
In its most recent reported quarter (2026 Q2), Cactus reported revenue of $449.5M.
How many shares of Cactus are outstanding?
Cactus reported a weighted average of 69.5 million basic shares outstanding in 2026 Q2.
What is Cactus' market cap?
Based on its latest closing price, Cactus (WHD) has a market capitalization of about $4.50B.
When does Cactus' fiscal year end?
Cactus' fiscal year end, as registered with the SEC, is December 31.
Where is Cactus headquartered?
Cactus lists its business address in Houston, Texas in its SEC filings.