For the twelve months ended Sep 30, 2026, Cactus Inc. reported $1.53B of revenue and $183.90M of net income.
WHD revenue was $430.89M in fiscal Q3 2026 (ended Sep 30, 2026), up 63.2% from a year earlier and down 4.1% from the prior quarter. For the full fiscal 2025 it was $1.08B, down 4.5% from fiscal 2024. Compound annual growth was +25.4% over 5 years. It rose in 7 of the last 9 fiscal years.
WHD net income was $62.16M in fiscal Q3 2026 (ended Sep 30, 2026), up 49.3% from a year earlier and up 26.9% from the prior quarter. For the full fiscal 2025 it was $166.01M, down 10.5% from fiscal 2024. Compound annual growth was +37.0% over 5 years. It rose in 5 of the last 8 fiscal years.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.13B | $1.10B | $688.37M | $438.59M | $348.57M | $628.41M | $544.13M | $341.19M | $155.05M |
| Cost of revenue | $679.63M | $693.42M | $690.67M | $445.92M | - | - | - | - | - | - |
| Gross profit | $399.42M | $436.39M | $406.29M | $242.45M | - | - | - | - | - | - |
| Selling, general and admin | $148.92M | $130.46M | $127.08M | $67.70M | $46.02M | $39.72M | $51.66M | $40.53M | $27.18M | $19.21M |
| Operating income | $250.50M | $289.61M | $264.37M | $174.75M | $75.43M | $70.04M | $183.15M | $177.70M | $88.86M | $10.62M |
| Interest expense | - | - | - | - | - | - | - | $3.60M | $20.77M | $20.23M |
| Pre-tax income | $260.67M | $299.28M | $262.38M | $176.55M | $75.14M | $70.19M | $188.32M | $169.80M | $68.10M | -$7.37M |
| Income tax | $59.03M | $66.52M | $47.54M | $31.43M | $7.67M | $10.97M | $32.02M | $19.52M | $1.55M | $809.0K |
| Net income | $166.01M | $185.41M | $169.17M | $110.17M | $49.59M | $34.45M | $85.61M | $51.68M | $66.55M | -$8.18M |
| EPS, basic | - | - | - | - | - | - | - | $1.60 | - | - |
| EPS, diluted | - | - | - | - | - | - | $1.88 | $1.58 | - | - |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $123.57M | $342.84M | $133.79M | $344.53M | $301.67M | $288.66M | $202.60M | $70.84M | $7.57M | $8.69M |
| Receivables | $164.49M | $191.63M | $205.38M | $138.27M | $89.20M | $44.07M | $87.86M | $92.27M | $84.17M | - |
| Current assets | $954.92M | $774.69M | $556.18M | $654.64M | $518.49M | $425.14M | $414.88M | $274.50M | $163.93M | - |
| Goodwill | $203.03M | $203.03M | $203.03M | $7.82M | $7.82M | $7.82M | $7.82M | $7.82M | $7.82M | - |
| Total assets | $1.87B | $1.74B | $1.52B | $1.12B | $982.08M | $815.59M | $834.96M | $584.74M | $266.46M | - |
| Current liabilities | $164.24M | $178.82M | $175.66M | $116.65M | $92.57M | $48.91M | $91.13M | $74.62M | $52.87M | - |
| Short-term debt | - | - | - | $0 | - | - | - | - | $2.57M | - |
| Long-term debt | - | - | - | $0 | - | - | - | - | $241.44M | - |
| Total debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $244.00M | - |
| Total liabilities | $438.57M | $475.15M | $457.79M | $408.45M | $387.05M | $264.82M | $318.57M | $222.42M | $302.67M | - |
| Shareholders' equity | $1.23B | $1.26B | $1.06B | $710.45M | $595.03M | $550.77M | $516.39M | $362.33M | -$36.22M | -$103.32M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $258.42M | $316.11M | $340.28M | $117.88M | $63.76M | $143.38M | $209.63M | $167.18M | $34.71M | $23.98M |
| Investing cash flow | -$39.06M | -$35.39M | -$654.79M | -$25.54M | -$11.63M | -$18.15M | -$55.95M | -$68.15M | -$30.68M | -$17.36M |
| Financing cash flow | -$69.06M | -$70.14M | $103.28M | -$47.38M | -$39.39M | -$40.21M | -$21.67M | -$35.00M | -$5.31M | -$10.17M |
| Dividends paid | $37.44M | $33.68M | $30.12M | $26.72M | $21.16M | $17.14M | $4.24M | $0 | - | - |
| Share repurchases | $5.93M | $9.33M | $5.25M | $4.56M | $3.28M | $1.45M | $1.55M | $0 | - | - |
| Stock-based compensation | $24.49M | $22.89M | $18.11M | $10.63M | $8.62M | $8.60M | $7.00M | $4.70M | - | $361.0K |
| Depreciation and amortization | $63.91M | $60.44M | $65.05M | $34.12M | $36.31M | $40.52M | $38.85M | $30.15M | $23.27M | $21.24M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -4.5% | 3.0% | 59.4% | 57.0% | 25.8% | -44.5% | 15.5% | 59.5% | 120.1% | - |
| Net income growth, YoY | -10.5% | 9.6% | 53.5% | 122.2% | 44.0% | -59.8% | 65.6% | -22.3% | - | - |
| EPS growth, YoY | - | - | - | - | - | - | 19.0% | - | - | - |
| Gross margin | 37.0% | 38.6% | 37.0% | 35.2% | - | - | - | - | - | - |
| Operating margin | 23.2% | 25.6% | 24.1% | 25.4% | 17.2% | 20.1% | 29.1% | 32.7% | 26.0% | 6.8% |
| Net margin | 15.4% | 16.4% | 15.4% | 16.0% | 11.3% | 9.9% | 13.6% | 9.5% | 19.5% | -5.3% |
| Return on equity | 13.5% | 14.7% | 15.9% | 15.5% | 8.3% | 6.3% | 16.6% | 14.3% | - | - |
| Return on assets | 8.9% | 10.7% | 11.1% | 9.8% | 5.0% | 4.2% | 10.3% | 8.8% | 25.0% | - |
| Current ratio | 5.81 | 4.33 | 3.17 | 5.61 | 5.60 | 8.69 | 4.55 | 3.68 | 3.10 | - |
| Debt to equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $430.89M | $449.53M | $388.35M | $261.20M | $263.95M | $273.57M | $280.32M | $272.12M | $293.18M | $290.39M | $274.12M | $274.87M |
| Cost of revenue | $274.04M | $299.81M | $276.77M | $166.64M | $166.83M | $173.58M | $172.58M | $169.23M | $178.88M | $176.47M | $168.85M | - |
| Gross profit | $156.84M | $149.72M | $111.58M | $94.56M | $97.12M | $100.00M | $107.74M | $102.89M | $114.30M | $113.92M | $105.28M | - |
| Selling, general and admin | $62.80M | $66.14M | $62.07M | $34.71M | $35.89M | $39.19M | $39.13M | $32.44M | $37.37M | $31.23M | $29.42M | $29.56M |
| Operating income | $94.05M | $83.58M | $49.50M | $59.85M | $61.23M | $60.80M | $68.61M | $70.45M | $76.79M | $79.82M | $62.55M | $78.55M |
| Pre-tax income | $94.81M | $84.53M | $49.72M | $61.98M | $64.43M | $63.32M | $70.94M | $75.96M | $78.85M | $81.22M | $63.24M | $79.06M |
| Income tax | $20.72M | $23.15M | $9.50M | $13.68M | $14.24M | $14.28M | $16.83M | $18.51M | $16.42M | $18.16M | $13.42M | $16.98M |
| Net income | $62.16M | $49.00M | $32.91M | $39.84M | $41.62M | $40.33M | $44.22M | $46.69M | $49.93M | $49.83M | $38.97M | $48.95M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $354.22M | $365.82M | $291.61M | $123.57M | $445.61M | $405.18M | $347.66M | $342.84M | $303.38M | $246.50M | $194.26M | $133.79M |
| Receivables | $506.34M | $510.19M | $459.95M | $164.49M | $201.38M | $207.28M | $219.69M | $191.63M | $196.87M | $205.02M | $207.62M | $205.38M |
| Current assets | $1.29B | $1.28B | $1.18B | $954.92M | $928.71M | $873.35M | $809.01M | $774.69M | $730.20M | $669.02M | $616.96M | $556.18M |
| Goodwill | $285.58M | $287.25M | $248.33M | $203.03M | $203.03M | $203.03M | $203.03M | $203.03M | $203.03M | $203.03M | $203.03M | $203.03M |
| Total assets | $2.58B | $2.58B | $2.46B | $1.87B | $1.86B | $1.82B | $1.77B | $1.74B | $1.68B | $1.63B | $1.58B | $1.52B |
| Current liabilities | $420.92M | $496.04M | $451.09M | $164.24M | $175.87M | $179.96M | $166.97M | $178.82M | $191.30M | $178.62M | $190.67M | $175.66M |
| Total debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $807.90M | $881.52M | $811.82M | $438.57M | $471.36M | $475.99M | $463.70M | $475.15M | $469.44M | $471.60M | $475.30M | $457.79M |
| Shareholders' equity | $1.31B | $1.46B | $1.41B | $1.23B | $1.39B | $1.35B | $1.31B | $1.26B | $1.21B | $1.15B | $1.10B | $1.06B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.42M | $104.56M | $128.27M | $72.27M | $61.77M | $82.83M | $41.55M | $66.59M | $85.30M | $77.95M | $86.26M | $91.68M |
| Investing cash flow | -$16.07M | -$15.60M | -$309.99M | -$4.34M | -$8.22M | -$11.06M | -$15.45M | -$11.34M | -$10.00M | -$7.25M | -$6.81M | -$9.55M |
| Financing cash flow | -$15.26M | -$14.73M | -$21.53M | -$19.23M | -$13.29M | -$14.76M | -$21.79M | -$13.72M | -$19.23M | -$17.07M | -$20.13M | -$13.38M |
| Dividends paid | $10.51M | $9.76M | $10.21M | $9.65M | $9.64M | $8.94M | $9.22M | $8.86M | $8.69M | $7.99M | $8.14M | $7.86M |
| Share repurchases | $39.0K | $128.0K | $7.90M | $13.0K | $204.0K | $212.0K | $5.50M | $10.0K | $832.0K | $221.0K | $8.27M | $650.0K |
| Stock-based compensation | $7.75M | $7.39M | $7.04M | $6.02M | $6.10M | $6.31M | $6.06M | $6.95M | $5.57M | $5.94M | $4.43M | $4.58M |
| Depreciation and amortization | $26.82M | $36.63M | $36.76M | $16.16M | $16.19M | $15.89M | $15.68M | $15.31M | $15.08M | $15.00M | $15.05M | $14.87M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 63.2% | 64.3% | 38.5% | -4.0% | -10.0% | -5.8% | 2.3% | -1.0% | 1.8% | -5.0% | 20.0% | 46.4% |
| Net income growth, YoY | 49.3% | 21.5% | -25.6% | -14.7% | -16.6% | -19.1% | 13.5% | -4.6% | -5.0% | 101.3% | -9.2% | 57.9% |
| Gross margin | 36.4% | 33.3% | 28.7% | 36.2% | 36.8% | 36.6% | 38.4% | 37.8% | 39.0% | 39.2% | 38.4% | - |
| Operating margin | 21.8% | 18.6% | 12.7% | 22.9% | 23.2% | 22.2% | 24.5% | 25.9% | 26.2% | 27.5% | 22.8% | 28.6% |
| Net margin | 14.4% | 10.9% | 8.5% | 15.3% | 15.8% | 14.7% | 15.8% | 17.2% | 17.0% | 17.2% | 14.2% | 17.8% |
| Current ratio | 3.06 | 2.59 | 2.61 | 5.81 | 5.28 | 4.85 | 4.85 | 4.33 | 3.82 | 3.75 | 3.24 | 3.17 |
| Debt to equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Source: XBRL data Cactus Inc. files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| WHD | $1.53B | +40.4% | $183.90M | 12.0% | $4.66B |
| BKR | $28.74B | +3.7% | $2.90B | 10.1% | $47.53B |
| FTI | $10.67B | +9.1% | $1.28B | 12.0% | $24.70B |
| NOV | $8.69B | -1.0% | $148.00M | 1.7% | $6.26B |
| WFRD | $4.69B | -5.7% | $409.00M | 8.7% | $6.12B |
| SEI | $936.43M | +73.8% | $90.23M | 9.6% | $4.42B |
| DNOW | $4.79B | +96.8% | -$186.00M | -3.9% | $2.40B |
| FLOC | $901.22M | +20.4% | $57.32M | 6.4% | $1.81B |
| INVX | $1.02B | +7.0% | $48.61M | 4.8% | $1.76B |