Cactus/$WHD

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About Cactus

Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, conventional wellheads, and production valves among others. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production. It has two operating segments; Pressure Control, which generates key revenue and Spoolable Technologies.
Ticker
$WHD
Sector
Energy
Primary listing
NYSE
Employees
1,500

Cactus Metrics

BasicAdvanced
$4.6B
56.25
$1.19
1.37
$0.57
0.90%

What the Analysts think about Cactus

Analyst ratings (Buy, Hold, Sell) for Cactus stock.
Analyst projections of the future price of Cactus stock.

Bulls say / Bears say

Cactus delivered strong second-quarter execution, with revenue up 15.8% sequentially to $449.5 million, adjusted EBITDA up to $132.8 million, and adjusted EBITDA margin expanding to 29.5%. Operating income rose 68.8% sequentially to $83.6 million. (Nasdaq)
Spoolable Technologies is showing accelerating momentum: Q2 revenue increased 17.4% sequentially and operating income rose 36.5%, while management expects another 15%–20% activity increase in Q3. Cactus also reported more than $130 million of subsequent international purchase orders across Spoolable Technologies and Pressure Control. (Nasdaq)
The Cactus International transaction materially expands Cactus’s geographic reach and backlog base, with $455.8 million of remaining performance obligations at June 30, 2026, primarily tied to the acquired business. The balance sheet also remained strong, with $365.8 million of cash, no bank debt, and $223.7 million of revolver availability. (Nasdaq)
Cactus expects third-quarter Pressure Control revenue to decline 10% sequentially after strong Cactus International backlog execution in Q2; Middle East conflict-related disruptions remain a direct risk to international shipments and customer activity. (Nasdaq)
The Baker Hughes acquisition has added substantial revenue but limited reported profit so far: Cactus International contributed $291.5 million of revenue but only $0.5 million of net income through June 30, 2026. Cactus also recorded a $44.4 million warranty-liability adjustment during the acquisition accounting measurement period. (SEC)
Revenue growth has not translated proportionally into earnings: first-half 2026 revenue increased 51.3% year over year, while operating income rose only 2.8%, amid purchase-accounting effects, tariffs, and higher steel costs. Cactus also raised 2026 capital-expenditure guidance to $55–$65 million, increasing near-term cash investment requirements. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.

Cactus Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Cactus Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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