Cactus, Inc. (WHD) AI Stock Analysis

Founded in 2011 and headquartered in Houston, Texas, Cactus, Inc. designs, manufactures, sells, and rents advanced wellheads and pressure control equipment across the United States, Australia, China, and Saudi Arabia. Its product offerings include Cactus SafeDrill wellhead systems, SafeLink monobore systems, frac stacks, zipper manifolds, and production trees. Cactus also provides field services to support the installation, maintenance, repair, and safe operation of equipment during drilling, completion, and production phases of onshore unconventional wells. The company operates 18 service centers located strategically across the United States and Eastern Australia, employing 1,500 people.

Cactus generated a 5-year revenue CAGR of 25.4% from FY2020 to FY2025. Annual revenue expanded from $438.6M in FY2021 to $688.4M in FY2022 and $1.10B in FY2023, peaking at $1.13B in FY2024 before decreasing 4.5% to $1.08B in FY2025. Gross margin expanded to 54.6% in FY2025, up from 27.7% in FY2021, while operating margin was 23.2% in FY2025. Net income was $166.0M in FY2025, with EPS of $2.71. Over the trailing twelve months, revenue reached $1.36B with EPS of $1.19. For the latest quarter ended June 30, 2026, quarterly revenue grew 64.3% year-over-year, while quarterly earnings grew 18.9%.

As of June 30, 2026, Cactus held $365.8M in cash and short-term investments against total debt of $56.2M, resulting in net cash of $309.6M. The company reported a current ratio of 2.59 and a debt-to-equity ratio of 0.05, supported by $1.24B in shareholders' equity. In FY2025, operating cash flow stood at $256.0M and free cash flow reached $217.2M. Capital deployment in FY2025 included $38.8M in capital expenditures, $53.0M paid in dividends, and $5.9M in share buybacks.

At a last close of $61.71, Cactus trades at a trailing P/E of 51.9x and a forward P/E of 48.1x, both well above the median of its US-listed Energy peers of 15.0x and 12.7x, respectively. Its enterprise value of $4.99B translates to an EV/EBITDA multiple of 13.4x, compared to the peer median of 8.0x, while its price-to-sales is 3.2x versus the peer median of 1.8x. Over the past year, the stock returned 75.1%, outperforming the S&P 500 return of 16.8%, though its 5-year return of 54.5% trailed the S&P 500 return of 83.0%.

Cactus pays a quarterly dividend with an annual forward dividend of $0.60 per share, representing a dividend yield of 0.97%. The dividend payout ratio stands at 19.3%. Cactus has paid dividends for 8 consecutive years, achieving an annualized 5-year dividend growth rate of 8.4%. The most recent ex-dividend date was August 31, 2026.

Wall Street coverage consists of 2 Strong Buy, 3 Buy, and 4 Hold ratings, with 0 Sell or Strong Sell recommendations. The mean price target of $71.56 sits 16.0% above the last close of $61.71. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $1.71B and EPS of $2.99, an 11.0% increase. Cactus has beaten EPS expectations in each of the last 4 quarters. The next earnings date is October 28, 2026.

This page is an AI-written research summary of Cactus, Inc. (WHD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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