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WHDCactus, Inc.
$58.12$4.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
WHD logo

Cactus, Inc.

WHD
NYSE · Oilfield Services & Drilling
$58.12
At close - Nov 6, 4:00 PM EST - USD
Market Cap$4.03B
P/E46.0x
52W High$74.07
Volume887.58K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Cyclical Revenue Rebound Meets Eroding Gross Margins at Cactus

Cactus, Inc. (WHD) posted a 63.2% year-over-year revenue rebound to $430.9M in 2026Q3, reversing a stretch of mostly negative growth through 2025, which suggests a cyclical recovery rather than a durable acceleration.

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

WHD price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

+134% Peers

P/E is 134% above peer median

03

Market leadership

RS 61 · Avg

Average momentum (RS Rating: 61)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 28

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
WHD+24.50%
S&P 500 (^GSPC)+7.63%
1-Year Return
WHD+37.19%
S&P 500 (^GSPC)+9.69%
3-Year Return
WHD+30.77%
S&P 500 (^GSPC)+77.12%
5-Year Return
WHD+42.23%
S&P 500 (^GSPC)+65.03%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
46.0x
Forward P/EExpansion
19.2x
EV/EBITDA20th %ile
8.9x
FCF YieldCash Flow
6.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
46.0x
21.1x
100th· High
EV/EBITDA
8.9x
12.5x
20th· Low
Price/FCF
15.1x
16.8x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$62.91+8.2%
Base (Fair)$86.51+48.8%
Bull$118.81+104.4%
$62.91 Bear$86.51 Base$118.81 Bull
Current Market Price: $58.12
Trades at a 32.8% discount to Base DCF ($86.51)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1.08B-4.5% YoY
Net income FY25
$166M-10.5% YoY
Free cash flow FY25
$217M-21.6% YoY
Operating margin FY25
23.2%-2.4 pts YoY
ROIC (FY25)19.4%
Avg ROIC 5Y25%
ROE (TTM)6.2%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 28, 2026
$0.96+24.2%
vs $0.77
$431M-1.6%
vs $438M
Q3 2026
Jul 29, 2026
$0.93+46.0%
vs $0.64
$450M+12.2%
vs $401M
Q2 2026
May 6, 2026
$0.70+7.7%
vs $0.65
$388M+2.1%
vs $380M
Q1 2026
Feb 25, 2026
$0.65+12.1%
vs $0.58
$261M+3.7%
vs $252M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
MarketBeat·Oct 31, 2026
Cactus Q3 Earnings Call Highlights

Cactus NYSE: WHD reported third-quarter 2026 revenue of $431 million, down 4% sequentially, while adjusted EBITDA was essentially flat at $132 million. Adjusted EBITDA margin improved to 30.6% from 29.5% in the second quarter, supported by cost controls, synergy realization and growth in its Spoolable Technologies business.

Seeking Alpha·Oct 29, 2026
Cactus, Inc. (WHD) Q3 2026 Earnings Call Transcript

Cactus, Inc. ( WHD ) Q3 2026 Earnings Call October 29, 2026 10:00 AM EDT Company Participants Alan Boyd - Director of Corporate Development & Investor Relations Scott Bender - CEO & Chairman of the Board Jay Nutt - CFO, Principal Accounting Officer, Executive VP & Treasurer Stephen Tadlock - Executive VP & CEO of Cactus International Conference Call Participants Arun Jayaram - JPMorgan Chase & Co, Research Division Derek Podhaizer - Piper Sandler & Co., Research Division Stephen Gengaro - Stifel, Nicolaus & Company, Incorporated, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to Cactus Q3 2026 Earnings Call.

Zacks Investment Research·Oct 28, 2026
Cactus, Inc. (WHD) Beats Q3 Earnings and Revenue Estimates

Cactus, Inc. (WHD) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.67 per share a year ago.

Business Wire·Oct 28, 2026
Cactus Announces Third Quarter 2026 Results

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the third quarter of 2026. Third Quarter Highlights Revenue of $430.9 million and operating income of $94.0 million; Net income of $74.1 million and diluted earnings per Class A share of $0.87; Adjusted net income(1) of $78.0 million and diluted earnings per share, as adjusted(1) of $0.96; Net income margin of 17.2% and adjusted net income margin(1) of 18.1%; Adjust.

Filtered for Cactus, Inc.More Headlines
04

Compare before deciding

Benchmark WHD against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Cactus, Inc. (WHD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
WHD logoWHDCactus, Inc.Current
$58.12$4.03B46.04-4.49%6.69%6.25%1.32%
NOV logoNOVNOV Inc.
$17.56$6.26B43.90-1.42%1.66%2.29%2.89%
DNOW logoDNOWDnow Inc.
$13.27$2.42B-12.9818.84%-3.89%-8.64%—
ACDC logoACDCProFrac Holding Corp.
$3.01$544.57M-1.42-11.37%-20.39%-52.48%—
WTTR logoWTTRSelect Water Solutions, Inc.
$16.18$2.03B63.48-3.08%2.24%3.11%2%
BKR logoBKRBaker Hughes Company
$47.87$47.52B16.48-0.34%10.09%14.65%1.91%

Compare WHD vs Peers

Cactus, Inc. (WHD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NOV

Most directly comparable listed peer for WHD.

Scale Benchmark

vs EOG

Larger-name benchmark to compare WHD against a more recognizable public peer.

Peer Set

Compare Top 5

vs NOV, DNOW, ACDC, WTTR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

WHD SEC Filings & Documents

Cactus, Inc. (WHD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 28, 2026·SEC

Material company update

Jul 29, 2026·SEC

Material company update

Jun 2, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 30, 2026·SEC

FY 2026

Jul 31, 2026·SEC

FY 2026

May 8, 2026·SEC

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WHD Frequently Asked Questions

Cactus, Inc. (WHD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Cactus, Inc.'s revenue?

Cactus, Inc. (WHD) reported $1.53B in revenue over the trailing twelve months. Revenue was $1.08B in fiscal year 2025. That is 387% more than the $221.4M of fiscal year 2015.

How fast is Cactus, Inc. growing?

Cactus, Inc. (WHD) grew revenue by 40.4% over the trailing twelve months, compared with the twelve months before.

Is WHD profitable?

Yes. Cactus, Inc. (WHD) earned $102.4M in net income over the trailing twelve months (a 6.7% net margin).

Dividend & Returns
Does WHD pay dividends?

Yes. Cactus, Inc. (WHD) pays a dividend that yields 1.32% at the current price, a moderate yield.

What is WHD's return on equity?

Cactus, Inc. (WHD) had a return on equity (ROE) of 6.2% over the trailing twelve months. That is below the market's typical 10-15%.

What is Cactus, Inc.'s free cash flow?

Cactus, Inc. (WHD) generated $267.1M in free cash flow over the trailing twelve months.

What if you invested $1,000 in WHD back in 2015?

Total return calculator · dividends reinvested · 11+ years of data

See returns →