Cactus, Inc. Class A Common Sto (WHD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Cactus, Inc. Class A Common Sto

NYSE•Energy•Oil & Gas Equipment & Services

$67.20-2.65(-0.04%)Pre-market

Market Cap

$4.68B

P/E

28.6x

P/S

3.4x

P/B

3.8x

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.

How this company scores

GoodMetricSide Score: 72/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability17/25

Growth15/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 28.6x5y range 16.0x – 56.8x

Currently above its 20-quarter median.

P/S · 3.4x5y range 2.5x – 6.5x

Currently near its 20-quarter median.

P/B · 3.8x5y range 2.3x – 6.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 21.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Share Dilution

Watch

Shares outstanding rose 4.5% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $4.68B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.36B
Q. Revenue: $449.53M
TTM EBITDA: $359.91M
TTM Op. Income: $254.17M
Q. Op. Income: $83.58M
TTM Net Income: $163.36M
Q. Net Income: $49.00M
EPS: $0.7
Shares Out.: $69.53M

$1.36B in TTM revenue grew 21.8% YoY, reaching $449.53M last quarter. TTM EBITDA of $359.91M and TTM operating income of $254.17M show growth is flowing through to the bottom line. TTM net income of $163.36M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 33.3%
EBITDA Margin: 26.7%
Op. Margin: 18.6%
Net Margin: 10.9%

Op. margin of 18.6% is down 3.6% YoY — costs are rising relative to revenue. Net margin at 10.9% and gross margin of 33.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 16% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 28.6x
P/S Ratio: 3.4x
P/B Ratio: 3.8x

At 28.6x P/E, the stock trades within typical market levels. P/S of 3.4x and P/B of 3.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.58B
Cash: $365.82M
Long-Term Debt: N/A
Book Value: $1.24B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $104.56M
TTM Free Cash Flow: $323.96M
FCF Margin: 23.8%
FCF / Net Income: 2.0

TTM FCF of $323.96M on $104.56M in operating cash flow. The FCF / Net Income ratio of 2.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.