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WHD (Cactus, Inc.) Stock Financials & Earnings | Market Cap Arena
WHD
Cactus, Inc.
Mkt Cap
$3B
Energy
·
Oil & Gas Equipment & Services
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$1.1B
Net Income (TTM)
$166M
EPS (TTM)
$2.40
Free Cash Flow (TTM)
$217M
Gross Margin
54.6%
Op. Margin
23.2%
Net Margin
15.4%
FCF Margin
20.1%
P/S Ratio (TTM)
3.2x
P/E Ratio (TTM)
21.1x
YoY Rev Growth
-4.5%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$228M
$80M
$50M
Q2 23
$306M
$105M
$49M
Q3 23
$288M
$112M
$88M
Q4 23
$275M
$105M
$80M
Q1 24
$274M
$105M
$63M
Q2 24
$290M
$110M
$83M
Q3 24
$293M
$114M
$77M
Q4 24
$272M
$98M
$70M
Q1 25
$280M
$104M
$69M
Q2 25
$274M
$150M
$61M
Q3 25
$264M
$93M
$61M
Q4 25
$261M
$242M
$60M
marketcaparena.com
Revenue Breakdown
WHD
Cactus, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
4.5x
26.4x
Q2 23
3.9x
26.9x
Q3 23
3.5x
23.1x
Q4 23
3.2x
20.7x
Q1 24
3.1x
21.2x
Q2 24
3.1x
18.4x
Q3 24
3.1x
18.6x
Q4 24
3.1x
18.9x
Q1 25
3.1x
18.3x
Q2 25
3.1x
19.3x
Q3 25
3.2x
20.2x
Q4 25
3.2x
21.1x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$60M
$45M
Q2 23
$108M
$100M
Q3 23
$80M
$70M
Q4 23
$92M
$81M
Q1 24
$86M
$78M
Q2 24
$78M
$68M
Q3 24
$85M
$76M
Q4 24
$67M
$54M
Q1 25
$42M
$31M
Q2 25
$83M
$71M
Q3 25
$62M
$52M
Q4 25
$70M
$63M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$16M
Q2 23
$8M
Q3 23
$10M
Q4 23
$11M
Q1 24
$8M
Q2 24
$9M
Q3 24
$10M
Q4 24
$12M
Q1 25
$10M
Q2 25
$12M
Q3 25
$10M
Q4 25
$6M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+56.6%
+55.5%
Q2 23
+79.7%
+104.2%
Q3 23
+56.0%
+50.4%
Q4 23
+46.4%
+39.4%
Q1 24
+20.0%
+18.4%
Q2 24
-5.0%
-19.3%
Q3 24
+1.8%
+8.1%
Q4 24
-1.0%
+3.7%
Q1 25
+2.3%
+0.1%
Q2 25
-5.8%
+2.4%
Q3 25
-10.0%
-6.3%
Q4 25
-4.0%
-0.2%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$4M
1.7%
Q2 23
$5M
1.7%
Q3 23
$4M
1.5%
Q4 23
$5M
1.7%
Q1 24
$4M
1.6%
Q2 24
$6M
2.0%
Q3 24
$6M
1.9%
Q4 24
$7M
2.6%
Q1 25
$6M
2.2%
Q2 25
$6M
2.3%
Q3 25
$6M
2.3%
Q4 25
-$18M
-7.1%
marketcaparena.com
OpEx Breakdown
SG&A
Quarter
SG&A
Q1 23
$30M
Q2 23
$38M
Q3 23
$30M
Q4 23
$25M
Q1 24
$29M
Q2 24
$27M
Q3 24
$37M
Q4 24
$28M
Q1 25
$35M
Q2 25
$39M
Q3 25
$32M
marketcaparena.com
Revenue Segments
Product
Product and Service, Other
Rental Revenue
Quarter
Product
Product and Service, Other
Rental Revenue
Q1 23
$160M
$41M
$28M
Q2 23
$232M
$46M
$28M
Q3 23
$214M
$45M
$29M
Q4 23
$205M
$41M
$29M
Q1 24
$208M
$43M
$24M
Q2 24
$221M
$44M
$25M
Q3 24
$221M
$45M
$27M
Q4 24
$202M
$44M
$26M
Q1 25
$209M
$44M
$27M
Q2 25
$208M
$44M
$22M
Q3 25
$207M
$40M
$17M
Q4 25
$201M
$41M
$19M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$75M
$0
$75M
Q2 23
$64M
$0
$64M
Q3 23
$64M
$0
$64M
Q4 23
$134M
$0
$134M
Q1 24
$194M
$0
$194M
Q2 24
$247M
$0
$247M
Q3 24
$303M
$0
$303M
Q4 24
$343M
$0
$343M
Q1 25
$348M
$0
$348M
Q2 25
$405M
$0
$405M
Q3 25
$446M
$0
$446M
Q4 25
$495M
$0
$495M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
79M
+3.6%
Q2 23
65M
-17.9%
Q3 23
65M
+0.7%
Q4 23
80M
+21.9%
Q1 24
80M
-0.4%
Q2 24
67M
-16.3%
Q3 24
80M
+20.4%
Q4 24
80M
-0.3%
Q1 25
69M
-14.1%
Q2 25
69M
+0.1%
Q3 25
69M
+0.6%
Q4 25
70M
+0.5%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 15
—
—
FY 16
—
—
FY 17
$388K
880
FY 18
$453K
1K
FY 19
$571K
1K
FY 20
$528K
660
FY 21
$439K
1K
FY 22
$2M
350
FY 23
$686K
2K
FY 24
$706K
2K
FY 25
$719K
2K
marketcaparena.com