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NYSE · OIL & GAS FIELD MACHINERY & EQUIPMENT · LARGE CAP

Cactus, Inc. WHD

10 fiscal years on record · USD · FY2025 reported · SEC filings only
6 YEARS OF DIVIDEND GROWTH
$1.1B
▼ 4.5% YoY
$166.0M
▼ 10.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

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.

Growth

USD 1.1B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.1 · Net income 0.2
0.5B1.0B
2016201920222025
Compound annual growth
+16.2%
+25.4%
+14.6%
+37.0%
+49.4%
+8.1%
+7.1%
+8.4%
+11.5%
+18.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +25.4% a year over the five years to FY2025 — but profit grew faster: net income at +37.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

19 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 23.2% · Net 18.7%
10%20%30%-2%-4%
201620202025
ROE
FY2025 · ROE 14.5%
10%20%30%
201620202025
Three returns, three denominators.

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 43.4M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends 37.4 · Net buybacks 5.9
20M40M-100M-200MDividendsNet buybacks
20182019202020212022202320242025

USD 37.4M in dividends and USD 5.9M in buybacks — 26% of the year's profit went back to shareholders.

Total assetsUSD 1.9B
EquityUSD 1.2B
CashUSD 123.6M
Gross debtUSD 0.00
Net debtUSD -123.6M
Current ratio5.81×

The company holds more cash than debt.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
WHD, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue $B1.11.11.10.70.40.30.60.50.30.2
Operating income $B0.30.30.30.20.10.10.20.20.10.0
EBITDA $B0.30.40.30.20.10.10.20.20.10.0
Income tax $B0.10.10.00.00.00.00.00.00.00.0
Net income $B0.20.20.20.10.00.00.10.10.1−0.0
EPS, diluted $◌◌◌◌◌◌1.881.58◌◌
Dividend / sh $0.540.500.460.440.380.360.09◌◌◌
Payout %23181824435050——
ROE %14.519.123.521.212.110.133.9———
Shares out B◌◌◌◌◌◌◌0.07◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 28 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. 15 checks were skipped: cost of revenue is not tagged before 2022. 11 checks were skipped: EPS is not tagged before 2018.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityOil & Gas Field Machinery & Equipment
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2016

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