Cactus, Inc. (WHD) Financial Ratios
11 years of historical data (2015–2025) · Energy · Oil & Gas Equipment & Services
EV/EBITDA
↓
9.82
↓-31% vs avg
5yr avg: 14.31
30Y Low4.0·High23.6
P/FCF
↓
17.42
↓-40% vs avg
5yr avg: 28.92
30Y Low9.2·High58.2
P/B Ratio
↓
2.63
↓-33% vs avg
5yr avg: 3.91
30Y Low1.6·High5.4
ROE
↑
12.3%
-15% vs avg
5yr avg: 14.6%
30Y Low6%·High26%
Debt/EBITDA
↓
0.11
↓-32% vs avg
5yr avg: 0.16
30Y Low0.1·High7.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WHD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cactus, Inc. trades at 22.6x earnings, 14% below its 5-year average of 26.3x, sitting at the 63rd percentile of its historical range. Compared to the Energy sector median P/E of 16.9x, the stock trades at a premium of 34%. On a free-cash-flow basis, the stock trades at 17.4x P/FCF, 40% below the 5-year average of 28.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.8B | $3.2B | $4.7B | $3.6B | $3.8B | $2.9B | $2.0B | $2.6B | $896M | — | — |
| Enterprise Value | $3.3B | $2.7B | $4.4B | $3.5B | $3.5B | $2.6B | $1.7B | $2.4B | $841M | — | — |
| P/E Ratio → | 22.62 | 18.95 | 21.07 | 17.67 | 27.92 | 45.94 | 36.21 | 16.58 | 13.71 | — | — |
| P/S Ratio | 3.51 | 2.92 | 4.13 | 3.29 | 5.57 | 6.62 | 5.65 | 4.12 | 1.65 | — | — |
| P/B Ratio | 2.63 | 2.20 | 3.69 | 3.39 | 5.40 | 4.88 | 3.57 | 5.01 | 1.64 | — | — |
| P/FCF | 17.42 | 14.51 | 16.84 | 12.17 | 42.82 | 58.25 | 16.55 | 17.25 | 9.23 | — | — |
| P/OCF | 14.78 | 12.31 | 14.75 | 10.60 | 32.55 | 45.51 | 13.73 | 12.34 | 5.36 | — | — |
P/E links to full P/E history page with 30-year chart
WHD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cactus, Inc.'s enterprise value stands at 9.8x EBITDA, 31% below its 5-year average of 14.3x. The Energy sector median is 8.1x, placing the stock at a 21% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.50 | 3.86 | 3.20 | 5.12 | 6.00 | 4.90 | 3.85 | 1.55 | — | — |
| EV / EBITDA | 9.82 | 7.95 | 12.46 | 10.67 | 16.89 | 23.57 | 15.45 | 10.91 | 4.05 | — | — |
| EV / EBIT | 13.28 | 10.17 | 14.47 | 13.14 | 19.88 | 34.66 | 24.00 | 12.78 | 4.85 | — | — |
| EV / FCF | — | 12.41 | 15.75 | 11.86 | 39.37 | 52.86 | 14.36 | 16.15 | 8.66 | — | — |
WHD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cactus, Inc. earns an operating margin of 23.2%, above the Energy sector average of 14.5%. ROE of 12.3% is modest. ROIC of 19.4% represents solid returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.6% | 54.6% | 38.6% | 37.0% | 35.2% | 27.7% | 32.0% | 37.4% | 40.1% | 34.0% | 19.2% |
| Operating Margin | 23.2% | 23.2% | 25.6% | 24.1% | 25.4% | 17.2% | 20.1% | 29.1% | 32.7% | 26.0% | 6.8% |
| Net Profit Margin | 15.4% | 15.4% | 16.4% | 15.4% | 16.0% | 11.3% | 9.9% | 13.6% | 12.0% | 19.5% | -5.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.3% | 12.3% | 15.9% | 19.1% | 16.9% | 8.7% | 6.5% | 16.1% | 25.6% | — | — |
| ROA | 9.2% | 9.2% | 11.4% | 12.8% | 10.5% | 5.5% | 4.2% | 12.1% | 15.4% | 30.8% | -4.8% |
| ROIC | 19.4% | 19.4% | 22.5% | 28.9% | 36.0% | 18.3% | 16.4% | 32.6% | 37.8% | 38.2% | 5.6% |
| ROCE | 15.3% | 15.3% | 19.9% | 22.5% | 18.5% | 9.1% | 9.3% | 29.2% | 49.1% | 50.1% | 7.1% |
WHD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cactus, Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (95% below the sector average of 2.4x). The company holds a net cash position — cash of $495M exceeds total debt of $38M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 60.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.06 | 0.05 | 0.07 | 0.03 | — | — |
| Debt / EBITDA | 0.11 | 0.11 | 0.12 | 0.12 | 0.17 | 0.30 | 0.25 | 0.17 | 0.08 | 2.29 | 7.79 |
| Net Debt / Equity | — | -0.32 | -0.24 | -0.09 | -0.43 | -0.45 | -0.47 | -0.32 | -0.10 | — | — |
| Net Debt / EBITDA | -1.35 | -1.35 | -0.86 | -0.28 | -1.48 | -2.40 | -2.36 | -0.74 | -0.26 | 2.22 | 7.51 |
| Debt / FCF | — | -2.10 | -1.09 | -0.32 | -3.45 | -5.39 | -2.19 | -1.10 | -0.56 | 94.87 | 106.18 |
| Interest Coverage | 60.94 | 60.94 | 78.86 | 26.11 | 144.50 | 67.42 | 63.12 | 124.35 | 46.60 | 4.28 | 0.63 |
Net cash position: cash ($495M) exceeds total debt ($38M)
WHD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Cactus, Inc.'s current ratio of 5.81x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 4.13x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.17x to 5.81x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.81 | 5.81 | 4.33 | 3.17 | 5.61 | 5.60 | 8.69 | 4.55 | 3.68 | 3.10 | 3.42 |
| Quick Ratio | 4.13 | 4.13 | 3.06 | 2.00 | 4.23 | 4.31 | 6.90 | 3.31 | 2.34 | 1.88 | 1.85 |
| Cash Ratio | 3.01 | 3.01 | 1.92 | 0.76 | 2.95 | 3.26 | 5.90 | 2.22 | 0.95 | 0.14 | 0.36 |
| Asset Turnover | — | 0.58 | 0.65 | 0.72 | 0.62 | 0.45 | 0.43 | 0.75 | 0.93 | 1.28 | 0.94 |
| Inventory Turnover | 1.77 | 1.77 | 3.06 | 3.36 | 2.76 | 2.65 | 2.71 | 3.47 | 3.26 | 3.49 | 3.30 |
| Days Sales Outstanding | — | 55.64 | 61.91 | 68.34 | 73.32 | 74.24 | 46.15 | 51.03 | 61.89 | 90.05 | 76.01 |
WHD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cactus, Inc. returns 1.6% to shareholders annually — split between a 1.4% dividend yield and 0.2% buyback yield. The payout ratio of 32.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.4% | 1.7% | 0.7% | 0.8% | 0.7% | 0.7% | 0.9% | 0.2% | 3.6% | — | — |
| Payout Ratio | 32.0% | 32.0% | 18.2% | 17.8% | 24.3% | 42.7% | 49.8% | 5.0% | 48.7% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.4% | 5.3% | 4.7% | 5.7% | 3.6% | 2.2% | 2.8% | 6.0% | 7.3% | — | — |
| FCF Yield | 5.7% | 6.9% | 5.9% | 8.2% | 2.3% | 1.7% | 6.0% | 5.8% | 10.8% | — | — |
| Buyback Yield | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% | — | — |
| Total Shareholder Yield | 1.6% | 1.9% | 0.9% | 1.0% | 0.8% | 0.8% | 0.9% | 0.2% | 3.6% | — | — |
| Shares Outstanding | — | $69M | $80M | $79M | $76M | $76M | $75M | $75M | $33M | $21M | $11M |
Peer Comparison
Compare WHD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 WHDYou | $4B | 22.6 | 9.8 | 17.4 | 54.6% | 23.2% | 12.3% | 19.4% | 0.1 |
 NOV | $7B | 51.7 | 8.8 | 8.4 | 20.2% | 6.5% | 2.3% | 5.8% | 2.5 |
 DNOW | $1B | -18.0 | — | — | 17.0% | -2.9% | -5.3% | -3.3% | — |
 ACDC | $1B | -3.1 | 8.5 | 65.8 | 3.7% | -6.9% | -37.7% | -4.6% | 4.0 |
 WTTR | $2B | 87.3 | 10.1 | — | 14.0% | 2.5% | 2.3% | 2.3% | 1.8 |
 BKR | $66B | 25.6 | 14.7 | 26.1 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
 SLB | $83B | 23.5 | 12.5 | 17.3 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $34B | 26.9 | 11.7 | 20.2 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 FTI | $30B | 32.1 | 21.9 | 20.4 | 17.3% | 9.6% | 29.5% | 17.6% | 1.4 |
 LBRT | $5B | 36.5 | 10.5 | 373.0 | 11.4% | 2.0% | 7.3% | 2.3% | 1.5 |
 PUMP | $2B | 2021.8 | 10.8 | 45.5 | 9.9% | 1.5% | 0.1% | 1.4% | 1.3 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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Start ComparisonWHD — Frequently Asked Questions
Quick answers to the most common questions about buying WHD stock.
What is Cactus, Inc.'s P/E ratio?
Cactus, Inc.'s current P/E ratio is 22.6x. The historical average is 24.8x. This places it at the 63th percentile of its historical range.
What is Cactus, Inc.'s EV/EBITDA?
Cactus, Inc.'s current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.7x.
What is Cactus, Inc.'s ROE?
Cactus, Inc.'s return on equity (ROE) is 12.3%. The historical average is 15.1%.
Is WHD stock overvalued?
Based on historical data, Cactus, Inc. is trading at a P/E of 22.6x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Cactus, Inc.'s dividend yield?
Cactus, Inc.'s current dividend yield is 1.41% with a payout ratio of 32.0%.
What are Cactus, Inc.'s profit margins?
Cactus, Inc. has 54.6% gross margin and 23.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Cactus, Inc. have?
Cactus, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.