Cactus, Inc. WHD

What this company does

Cactus, Inc. is primarily engaged in the design, manufacture, sale and rental of highly engineered pressure control and spoolable pipe technologies. Its primary manufacturing and production facilities are in Bossier City, Louisiana, Baytown, Texas and Suzhou, China. As of December 31, 2025, it employed over 1,500 people worldwide, of which over 100 were employed outside of the United States, mainly in Australia, China and Vietnam. For the years ended December 31, 2025, 2024, and 2023, one customer represented 17%, 15% and 10%, respectively, of total company revenues, with both operating segments reporting revenue from that customer. The company has two operating segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand. The Spoolable Technologies segment designs, manufactures, and sells spoolable pipe and associated end fittings under the FlexSteel brand. It began operating in August 2011, following the formation of Cactus Wellhead, LLC, in part by Scott Bender and Joel Bender.

Written from the business description in Cactus, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.