Is Cactus Inc. (WHD) overvalued or fairly valued?

MarketChacha shows Cactus Inc.'s valuation in context — a forward P/E of about 19.8, a price-to-book of about 4.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Cactus Inc.'s reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.76×) from reported figures — education, not a rating.

What is Cactus Inc.'s revenue?

Cactus Inc. reported revenue of $1.1B for FY2025, with net profit of $166.0M, per official filings.

What is the share price of Cactus Inc. (WHD)?

Cactus Inc. last traded at $71.85 (-0.4% on the day), as of 9/3/2026 — a delayed quote shown for education, not investment advice.

Cactus Inc.

WHD · NYSE · Energy · United States

Snapshot

TickerWHD

ExchangeNYSE

SectorEnergy

IndustryOil & Gas Equipment & Services

CountryUnited States

Employees1,500

HeadquartersHouston, United States

Websitewww.cactuswhd.com

Filings tracked20

About Cactus Inc.

Cactus, Inc., together with its subsidiaries, designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies in the United States, Australia, Canada, the Middle East, and internationally. The company operates in two segments: Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellheads and pressure control equipment under the Cactus Wellhead brand through its service centers. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases. This segment also offers field services for its products and rental items to assist with the installation, maintenance, and handling of the equipment. The Spoolable Technologies segment designs, manufactures, and sells spoolable pipes and associated end fittings under the FlexSteel brand. Its products are primarily used in production, gathering, and takeaway pipelines to transport oil, gas, and other liquids. This segment also provides field services and rental items to assist with installation through service centers and pipe yards, as well as equipment and services. The company also offers repair and refurbishment services for pressure control equipment. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.

Who owns it

Insiders1.0%
Institutions99.0%
Public & other0.0%

454 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.29%
Boston Partners6.58%
Vanguard Portfolio Management LLC6.12%
State Street Corporation4.52%
Vanguard Capital Management LLC4.48%
Wellington Management Group, LLP3.75%
Geode Capital Management, LLC3.10%
Dimensional Fund Advisors LP2.70%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.76×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend15.4% → 15.4%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev -1% · PAT -1%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $431.5M · EPS 0.72

Est. earnings growth +10.8%

Next fiscal year

Rev $1.8B · EPS 3.62

Est. earnings growth +22.4%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.1B

Net margin

15.4%

ROE

13.5%

Revenue CAGR (2y)

-0.8%

Profit CAGR (2y)

-0.9%

Net profit (FY2025)

$166.0M

Ask MarketChacha about WHD

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Financials

Yearly

Period	Revenue	Net profit	Net margin	ROE
FY2025	$1.1B	$166.0M	15.4%	13.5%
FY2024	$1.1B	$185.4M	16.4%	17.3%
FY2023	$1.1B	$169.2M	15.4%	19.5%

Quarterly

Period	Revenue	Net profit	Net margin
2026Q2	$449.5M	$49.0M	10.9%
2026Q1	$388.3M	$32.9M	8.5%
2025Q3	$264.0M	$41.6M	15.8%
2025Q2	$273.6M	$40.3M	14.7%
2025Q1	$280.3M	$44.2M	15.8%
2024Q3	$293.2M	$49.9M	17.0%
2024Q2	$290.4M	$49.8M	17.2%
2024Q1	$274.1M	$39.0M	14.2%
2023Q3	$287.9M	$52.6M	18.3%
2023Q2	$305.8M	$24.8M	8.1%
2023Q1	$228.4M	$42.9M	18.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/31/2026
8-K — Results of operations, Exhibits
SEC7/29/2026material
8-K — Material agreement, Material financial obligation, Reg FD disclosure, Exhibits
SEC6/2/2026material
8-K — Executive/director change, Shareholder vote results, Reg FD disclosure, Exhibits
SEC5/12/2026material
10-Q filing
SEC5/8/2026
8-K — Results of operations, Exhibits
SEC5/7/2026material
8-K — Executive/director change
SEC3/27/2026material
8-K/A — Exhibits
SEC3/19/2026
8-K — Reg FD disclosure, Exhibits
SEC3/16/2026material
8-K — Results of operations, Executive/director change, Exhibits
SEC2/26/2026material
10-K filing
SEC2/26/2026
8-K — Executive/director change
SEC1/5/2026material
8-K — Material agreement, Completion of acquisition/disposition, Reg FD disclosure, Exhibits
SEC1/2/2026material

2025

8-K — Material agreement, Material financial obligation, Exhibits
SEC12/2/2025material
8-K — Reg FD disclosure, Exhibits
SEC11/10/2025material
8-K — Results of operations, Exhibits
SEC10/30/2025material
10-Q filing
SEC10/30/2025
8-K — Reg FD disclosure, Exhibits
SEC9/2/2025material
8-K — Results of operations, Exhibits
SEC7/31/2025material
10-Q filing
SEC7/31/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.