Company research
Cactus, Inc.
CIK 1699136Updated Sep 26, 2026
SecurityWHD · NYSE · equity
WHD price & chart
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NYSE:WHD on TradingView ↗About the company
Cactus designs, manufactures, sells or rents a range of highly engineered pressure control and spoolable pipe technologies. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for its products and rental items to assist with the installation, maintenance and handling of the equipment. Cactus operates service centers and manufacturing facilities globally with an emphasis in North America and the Middle East.
In the news
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Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
144 filing
4 filing
4 filing
4 filing
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Financials
FY 2025 · USDSource
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Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,871,617,000Source | 1,739,328,000Source | 1,522,561,000Source | 1,118,896,000Source |
| GoodwillUSD | 203,028,000Source | 203,028,000Source | 203,028,000Source | 7,824,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 148,004,000Source | 163,991,000Source | 179,978,000Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 123,571,000Source | 342,843,000Source | 133,792,000Source | 344,527,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 164,493,000Source | 191,627,000Source | 205,381,000Source | 138,268,000Source |
| Assets, CurrentUSD | 954,919,000Source | 774,688,000Source | 556,178,000Source | 654,642,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 19,231,000Source | 13,422,000Source | 11,380,000Source | 10,564,000Source |
| Operating Lease, Right-of-Use AssetUSD | 19,491,000Source | 24,094,000Source | 23,496,000Source | 23,183,000Source |
| Other Assets, NoncurrentUSD | 10,115,000Source | 8,516,000Source | 9,527,000Source | 1,605,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 438,569,000Source | 475,149,000Source | 457,791,000Source | 408,451,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 546,926,000Source | 520,794,000Source | 465,012,000Source | 310,528,000Source |
| Retained Earnings (Accumulated Deficit)USD | 680,353,000Source | 552,133,000Source | 400,682,000Source | 261,764,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,577,000Source | -2,491,000Source | -826,000Source | -984,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,226,390,000Source | 1,071,117,000Source | 865,522,000Source | 571,917,000Source |
| Liabilities and EquityUSD | 1,871,617,000Source | 1,739,328,000Source | 1,522,561,000Source | 1,118,896,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 164,241,000Source | 178,824,000Source | 175,660,000Source | 116,649,000Source |
| Operating Lease, Liability, CurrentUSD | 4,815,000Source | 4,086,000Source | 4,220,000Source | 4,777,000Source |
| Accounts Payable, CurrentUSD | 71,541,000Source | 72,001,000Source | 71,841,000Source | 47,776,000Source |
| Operating Lease, Liability, NoncurrentUSD | 15,786,000Source | 20,078,000Source | 19,121,000Source | 18,375,000Source |
| Deferred Income Tax Liabilities, NetUSD | 2,786,000Source | 2,868,000Source | 3,589,000Source | 1,966,000Source |
| Other Liabilities, NoncurrentUSD | 4,475,000Source | 4,475,000Source | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 206,658,000Source | 193,062,000Source | 199,248,000Source | 138,528,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 59,095,000Source | 75,416,000Source | 50,654,000Source | 30,619,000Source |
| Dividends PayableUSD | 1,240,000Source | 887,000Source | 612,000Source | 484,000Source |
| Long-term DebtUSD | 0Source | 0Source | 0Source | 0Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 201,642,000Source | 232,758,000Source | 214,840,000Source | 145,122,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 63,914,000Source | 60,438,000Source | 65,045,000Source | 34,124,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 24,493,000Source | 22,888,000Source | 18,105,000Source | 10,631,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -26,443,000Source | -13,048,000Source | 11,858,000Source | 49,349,000Source |
| Increase (Decrease) in InventoriesUSD | 52,456,000Source | 25,628,000Source | -41,922,000Source | 44,891,000Source |
| Deferred Income Tax Expense (Benefit)USD | 35,142,000Source | 19,773,000Source | 17,343,000Source | 25,299,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 258,417,000Source | 316,113,000Source | 340,280,000Source | 117,884,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 0Source | 616,189,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -39,063,000Source | -35,388,000Source | -654,793,000Source | -25,536,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 5,927,000Source | 9,331,000Source | 5,249,000Source | 4,563,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -69,064,000Source | -70,144,000Source | 103,275,000Source | -47,382,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 37,441,000Source | 33,681,000Source | 30,124,000Source | 26,719,000Source |
| Repayments of Long-term DebtUSD | 0Source | 0Source | 155,000,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 151,739,000Source | 209,051,000Source | -210,735,000Source | 42,858,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 494,582,000Source | 342,843,000Source | 133,792,000Source | 344,527,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 3,261,000Source | 2,704,000Source | 5,629,000Source | 1,063,000Source |
| Income Taxes Paid, NetUSD | 48,126,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,449,000Source | -1,530,000Source | 503,000Source | -2,108,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 1,081,000Source | 1,120,000Source | 4,514,000Source | 165,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 1,081,000Source | 1,120,000Source | 4,514,000Source | — |
| Depreciation, NonproductionUSD | 17,710,000Source | 16,913,000Source | 21,306,000Source | 453,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 0Source | -16,318,000Source | -14,850,000Source | — |
| Dividends PayableUSD | 1,240,000Source | 887,000Source | 612,000Source | 484,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 2,985,000Source | 1,013,000Source | 3,156,000Source | 1,391,000Source |
| GoodwillUSD | 203,028,000Source | 203,028,000Source | 203,028,000Source | 7,824,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 201,642,000Source | 232,758,000Source | 214,840,000Source | 145,122,000Source |
| Income Tax Expense (Benefit)USD | 59,027,000Source | 66,518,000Source | 47,536,000Source | 31,430,000Source |
| Inventory Write-downUSD | 3,163,000Source | 3,841,000Source | 5,337,000Source | 2,739,000Source |
| Net Income (Loss) Attributable to ParentUSD | 166,014,000Source | 185,407,000Source | 169,171,000Source | 110,174,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 35,628,000Source | 47,351,000Source | 45,669,000Source | 34,948,000Source |
| Operating Costs and ExpensesUSD | 200,000Source | 100,000Source | — | — |
| Operating ExpensesUSD | 828,550,000Source | 840,201,000Source | 832,594,000Source | 513,621,000Source |
| Other Nonoperating Income (Expense)USD | -794,000Source | 3,204,000Source | 4,490,000Source | -1,910,000Source |
| Payments of Financing CostsUSD | 2,400,000Source | 0Source | 6,934,000Source | 353,000Source |
| Proceeds from Issuance of Common StockUSD | 0Source | 0Source | 169,878,000Source | — |
| Proceeds from Issuance of Long-term DebtUSD | 0Source | 0Source | 155,000,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,079,051,000Source | 1,129,814,000Source | 1,096,960,000Source | 688,369,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 148,917,000Source | 130,462,000Source | 127,076,000Source | 67,700,000Source |
| Operating Income (Loss)USD | 250,501,000Source | 289,613,000Source | 264,366,000Source | 174,748,000Source |
| Other Nonoperating Income (Expense)USD | -794,000Source | 3,204,000Source | 4,490,000Source | -1,910,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 260,669,000Source | 299,276,000Source | 262,376,000Source | 176,552,000Source |
| Income Tax Expense (Benefit)USD | 59,027,000Source | 66,518,000Source | 47,536,000Source | 31,430,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 35,628,000Source | 47,351,000Source | 45,669,000Source | 34,948,000Source |
| Net Income (Loss) Attributable to ParentUSD | 166,014,000Source | 185,407,000Source | 169,171,000Source | 110,174,000Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.54Source | 0.5Source | 0.46Source | 0.44Source |
| Current Income Tax Expense (Benefit)USD | 23,885,000Source | 46,745,000Source | 30,193,000Source | 6,131,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 238,457,000Source | 272,689,000Source | 241,084,000Source | 155,380,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 201,642,000Source | 232,758,000Source | 214,840,000Source | 145,122,000Source |
| Interest Expense, DebtUSD | 695,000Source | 639,000Source | 3,818,000Source | 268,000Source |
| Interest Income (Expense), NetUSD | — | — | -6,480,000Source | 3,714,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | 10,962,000Source | 6,459,000Source | -6,480,000Source | 3,714,000Source |
| Interest Income, OtherUSD | 15,311,000Source | 10,283,000Source | 3,756,000Source | 4,942,000Source |
| Operating Costs and ExpensesUSD | 200,000Source | 100,000Source | — | — |
| Operating ExpensesUSD | 828,550,000Source | 840,201,000Source | 832,594,000Source | 513,621,000Source |
Filing attachments
whd-20260512x8kxex991.htm · 8-K · 2026-05-12
EX-99.1 2 whd-20260512x8kxex991.htm EX-99.1 Document EX 99.1 Cactus Announces Board and Executive Leadership Transitions HOUSTON - May 12, 2026 - Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that Ms. Tana Utley has been elected to the Company’s Board of Directors (the “Board”) at the Company’s Annual Meeting of Stockholders held May 12, 2026. Ms. Utley retired in 2022 after a 36-year career with Caterpillar Inc. (“Caterpillar”) and was an officer for Caterpillar fo…
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