# Cactus, Inc.: overview

WHD · NYSE · CIK 1699136 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/whd.md) · [Financials](/companies/whd/financials.md) · [Filings](/companies/whd/filings.md) · [Insiders](/companies/whd/insiders.md)

Latest reported revenue: [$449.5m](/filings/0001628280-26-051177.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 31, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-051177).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [293](/filings/0001628280-25-047500.md) | [272 d](/filings/0001628280-26-012377.md) | [280](/filings/0001628280-26-032636.md) | [274](/filings/0001628280-26-051177.md) | [264](/filings/0001628280-25-047500.md) | [261 d](/filings/0001628280-26-012377.md) | [388](/filings/0001628280-26-032636.md) | [450](/filings/0001628280-26-051177.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [26.2%](/filings/0001628280-25-047500.md) | [25.9% d](/filings/0001628280-26-012377.md) | [24.5%](/filings/0001628280-26-032636.md) | [22.2%](/filings/0001628280-26-051177.md) | [23.2%](/filings/0001628280-25-047500.md) | [22.9% d](/filings/0001628280-26-012377.md) | [12.7%](/filings/0001628280-26-032636.md) | [18.6%](/filings/0001628280-26-051177.md) |
| Net margin | % | [17.0%](/filings/0001628280-25-047500.md) | [17.2% d](/filings/0001628280-26-012377.md) | [15.8%](/filings/0001628280-26-032636.md) | [14.7%](/filings/0001628280-26-051177.md) | [15.8%](/filings/0001628280-25-047500.md) | [15.3% d](/filings/0001628280-26-012377.md) | [8.5%](/filings/0001628280-26-032636.md) | [10.9%](/filings/0001628280-26-051177.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [439](/filings/0001699136-24-000007.md) | [688](/filings/0001699136-25-000014.md) | [1,097](/filings/0001628280-26-012377.md) | [1,130](/filings/0001628280-26-012377.md) | [1,079](/filings/0001628280-26-012377.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [17.2%](/filings/0001699136-24-000007.md) | [25.4%](/filings/0001699136-25-000014.md) | [24.1%](/filings/0001628280-26-012377.md) | [25.6%](/filings/0001628280-26-012377.md) | [23.2%](/filings/0001628280-26-012377.md) |
| Net margin | % | [11.3%](/filings/0001699136-24-000007.md) | [16.0%](/filings/0001699136-25-000014.md) | [15.4%](/filings/0001628280-26-012377.md) | [16.4%](/filings/0001628280-26-012377.md) | [15.4%](/filings/0001628280-26-012377.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/whd/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $546.4m | 10,664,798 |  | Added +460,144 |
| [Boston Partners](/funds/1386060.md) | 2026-06-30 | $235.2m | 4,589,743 |  | New +4,589,743 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $218.5m | 4,264,459 |  | Added +101,066 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $161.3m | 3,151,022 |  | Added +108,713 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $160.0m | 3,123,681 |  | Added +48,283 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $134.0m | 2,615,629 |  | Reduced −249,797 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $110.8m | 2,163,233 |  | Added +185,375 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $96.3m | 1,879,844 |  | Added +58,702 |
| [Capital International Investors](/funds/1562230.md) | 2026-06-30 | $93.3m | 1,820,732 |  | Added +78,281 |
| [JENNISON ASSOCIATES LLC](/funds/53417.md) | 2026-06-30 | $91.1m | 1,778,442 |  | Added +64,741 |

## Recent filings

[All 781 filings](/companies/whd/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-28 | 17:30 ET | [8-K](/filings/0001628280-26-067952.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-067952 |
| 2026-09-08 | 17:03 ET | [8-K](/filings/0001628280-26-060938.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-060938 |
| 2026-07-31 | 19:56 ET | [10-Q](/filings/0001628280-26-051177.md) | Quarterly report, period 2026-06-30 | 0001628280-26-051177 |
| 2026-07-29 | 17:10 ET | [8-K](/filings/0001628280-26-050657.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-050657 |
| 2026-06-02 | 17:15 ET | [8-K](/filings/0001628280-26-039880.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-039880 |
| 2026-05-12 | 17:25 ET | [8-K](/filings/0001628280-26-034225.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-034225 |
| 2026-05-08 | 11:23 ET | [10-Q](/filings/0001628280-26-032636.md) | Quarterly report, period 2026-03-31 | 0001628280-26-032636 |
| 2026-05-07 | 06:27 ET | [8-K](/filings/0001628280-26-031637.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-031637 |
| 2026-03-31 | 16:39 ET | [DEF 14A](/filings/0001628280-26-022453.md) | Proxy statement, period 2026-05-12 | 0001628280-26-022453 |
| 2026-03-27 | 16:35 ET | [8-K](/filings/0001628280-26-021756.md) | 5.02 Departure or appointment of officers or directors | 0001628280-26-021756 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-012377.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/aa20bb86-683f-42d1-8bb4-42e4b9762799)

## About the filer

- CIK: 1699136
- Tickers: WHD
- Exchange: NYSE
- SIC code: 3533 Oil & Gas Field Machinery & Equipment
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 04:32 ET. No prices; not investment advice.