Can Cactus cover its short-term obligations?

Its current ratio is 2.61 — current assets exceed current liabilities.

Where does Cactus's balance sheet data come from?

Every line is extracted from Cactus's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Cactus WHD Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$291.61M-16.1%	$494.58M+44.3%	$445.61M+46.9%	$405.18M+64.4%	$347.66M+79.0%
Restricted cash	$0—	$371.01M—	——	——	——
Accounts receivable, net	$459.95M+109%	$164.49M-14.2%	$201.38M+2.3%	$207.28M+1.1%	$219.69M+5.8%
Inventories	$404.21M+75.5%	$276.61M+22.0%	$271.28M+23.4%	$246.42M+19.2%	$230.26M+12.8%
Raw materials	$63.13M+99.9%	$28.87M-7.0%	$27.25M+16.4%	$26.67M+40.2%	$31.58M+66.7%
Work in process	$20.04M+37.9%	$18.85M+71.7%	$18.65M+54.3%	$21.04M+74.5%	$14.53M+9.0%
Finished goods	$321.04M+74.3%	$228.89M+23.9%	$225.38M+22.3%	$198.71M+13.1%	$184.15M+7.2%
Prepaid expenses and other current assets	$19.63M+72.4%	$19.23M+43.3%	$10.44M+2.8%	$14.47M+34.4%	$11.39M+3.3%
Total current assets	$1.18B+45.3%	$954.92M+23.3%	$928.71M+27.2%	$873.35M+30.5%	$809.01M+31.1%
Property and equipment, net	$394.98M+13.6%	$342.59M-1.0%	$346.62M+0.7%	$349.16M+1.6%	$347.63M+0.8%
Accumulated depreciation	$309.54M+14.2%	$297.51M+13.5%	$287.03M+12.6%	$281.41M+13.8%	$270.99M+12.9%
Operating lease right-of-use assets	$34.43M+48.1%	$19.49M-19.1%	$20.87M-11.5%	$22.12M-4.8%	$23.25M-4.8%
Goodwill	$248.33M+22.3%	$203.03M0.0%	$203.03M0.0%	$203.03M0.0%	$203.03M0.0%
Intangible assets, net	$364.28M+128%	$148M-9.7%	$152M-9.5%	$156M-9.3%	$159.99M-9.1%
Deferred tax assets	$38.71M+1,174%	$2.79M-2.9%	$2.45M-22.5%	$2.2M-23.9%	$3.04M-18.8%
Other non-current assets	$30.16M+267%	$10.12M+18.8%	$8.63M-3.6%	$8M-13.0%	$8.22M-13.3%
Equity method investments	$5.95M-0.9%	$5.92M—	$5.69M—	$5.77M—	$6M—
Total assets	$2.46B+38.9%	$1.87B+7.6%	$1.86B+10.9%	$1.82B+12.2%	$1.77B+12.3%
Accounts payable	$315.78M+390%	$71.54M-0.6%	$67.25M-10.2%	$83.14M+30.4%	$64.42M-2.6%
Accrued expenses	$64.75M-7.4%	$51.39M-31.9%	$75.88M-4.4%	$64.13M+5.1%	$69.93M+20.0%
Deferred revenue	$33.59M+325%	$7.71M-4.9%	$13.1M+70.1%	$10M+16.3%	$7.9M0.0%
Current portion of long-term debt	$7.67M+5.4%	$7.48M+6.4%	$7.39M+3.8%	$7.35M+3.8%	$7.27M+1.3%
Operating lease liabilities, current	$7.98M+57.9%	$4.82M+17.8%	$5.05M+13.5%	$5.04M+20.4%	$5.05M+23.4%
Finance Lease Liability, Current	$7.67M+5.4%	$7.48M+6.4%	$7.39M+3.8%	$7.35M+3.8%	$7.27M+1.3%
Total current liabilities	$451.09M+170%	$164.24M-8.2%	$175.87M-8.1%	$179.96M+0.8%	$166.97M-12.4%
Long-term debt	$0—	$0—	$0—	$0—	$0—
Operating lease liabilities, non-current	$29.93M+57.3%	$15.79M-21.4%	$16.88M-13.1%	$17.94M-5.3%	$19.03M-6.2%
Finance lease liabilities	$9.66M-18.2%	$9.67M-8.1%	$10.33M-2.7%	$11.68M+24.6%	$11.81M+23.9%
Other non-current liabilities	$38.94M+770%	$4.48M0.0%	$4.48M+31.4%	$4.48M+102%	$4.48M+346%
Total liabilities	$811.82M+75.1%	$438.57M-7.7%	$471.36M+0.4%	$475.99M+0.9%	$463.7M-2.4%
Preferred stock	$0—	$0—	$0—	$0—	$0—
Additional paid-in capital	$569.61M+9.0%	$546.93M+5.0%	$540.95M+10.7%	$530.95M+10.2%	$522.39M+13.0%
Retained earnings	$621.92M+5.9%	$680.35M+23.2%	$650.36M+26.4%	$618.55M+30.7%	$587.32M+36.0%
Accumulated other comprehensive income (loss)	-$1.83M+22.3%	-$1.58M+36.7%	-$2.09M-182%	-$1.98M-48.0%	-$2.36M-61.7%
Redeemable noncontrolling interests	$240.61M—	$0—	——	——	——
Noncontrolling interests	$215.27M+9.1%	$206.66M+7.0%	$203.51M-2.7%	$200.34M+0.1%	$197.34M-4.8%
Total stockholders' equity	$1.19B+7.4%	$1.23B+14.5%	$1.19B+18.6%	$1.15B+20.3%	$1.11B+24.0%
Total liabilities and stockholders' equity	$2.46B+38.9%	$1.87B+7.6%	$1.86B+10.9%	$1.82B+12.2%	$1.77B+12.3%
Allowance for Doubtful Accounts	$5.54M+46.3%	$4.49M+18.9%	$4.22M+8.1%	$4.04M-5.5%	$3.79M-0.4%
Allowance for Doubtful Accounts Receivable (Current)	$5.54M+46.3%	$4.49M+18.9%	$4.22M+8.1%	$4.04M-5.5%	$3.79M-0.4%
Unbilled Revenue	$170.8M+317%	$39.4M+32.2%	$30.7M-19.8%	$33.5M-5.9%	$41M+29.3%
Deferred Tax Assets and Other Non-Current Assets	$30.16M+267%	$10.12M+18.8%	$8.63M-3.6%	$8M-13.0%	$8.22M-13.3%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	$50.1M+213%	——	$15.99M0.0%	$15.99M0.0%	$15.99M0.0%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)	$76.18M+11.9%	——	$68.07M-19.0%	$68.07M-19.0%	$68.07M-19.0%
Finite Lived Intangible Assets - Gross	$429.1M+114%	$200.3M0.0%	$200.3M0.0%	$200.3M0.0%	$200.3M0.0%
Net Investment in Lease	$34.43M+48.1%	$19.49M-19.1%	$20.87M-11.5%	$22.12M-4.8%	$23.25M-4.8%
Deferred tax assets	$204.55M-3.5%	$187.55M-14.4%	$199.22M-2.2%	$207.11M+0.3%	$211.94M+5.4%
Intangible assets — net	$364.28M+128%	$148M-9.7%	$152M-9.5%	$156M-9.3%	$159.99M-9.1%
Other intangible assets—net	$364.28M+128%	$148M-9.7%	$152M-9.5%	$156M-9.3%	$159.99M-9.1%
Operating lease right-of-use assets	$34.43M+48.1%	$19.49M-19.1%	$20.87M-11.5%	$22.12M-4.8%	$23.25M-4.8%
Other non-current assets	$30.16M+267%	$10.12M+18.8%	$8.63M-3.6%	$8M-13.0%	$8.22M-13.3%
Property, plant and equipment, net	$394.98M+13.6%	$342.59M-1.0%	$346.62M+0.7%	$349.16M+1.6%	$347.63M+0.8%
Operating Lease Right-of-Use Assets in Other Assets	$34.43M+48.1%	$19.49M-19.1%	$20.87M-11.5%	$22.12M-4.8%	$23.25M-4.8%
Software and Technology Licenses, Net	$30.16M+267%	$10.12M+18.8%	$8.63M-3.6%	$8M-13.0%	$8.22M-13.3%
Other Commercial Liabilities	$64.75M-7.4%	$51.39M-31.9%	$75.88M-4.4%	$64.13M+5.1%	$69.93M+20.0%
Commercial Paper Outstanding	$1.3M-45.8%	——	$1.8M-28.0%	$2.4M+118%	$2.4M+118%
Convertible Debt - Current	$240.61M—	$0—	——	——	$0—
Accrued Liabilities, Current	$64.75M-7.4%	$51.39M-31.9%	$75.88M-4.4%	$64.13M+5.1%	$69.93M+20.0%
Current portion of liability related to tax receivable agreement	$21.31M+5.0%	$21.31M+5.0%	$20.3M-20.4%	$20.3M+264%	$20.3M-2.7%
Total debt	$55.23M+28.0%	$45.23M-7.2%	$39.65M-4.7%	$42.02M+6.1%	$43.16M+5.0%
Convertible Preferred Stock Authorized Shares	10M0.0%	10M0.0%	10M0.0%	10M0.0%	10M0.0%
Convertible Preferred Stock Issued Shares	0—	0—	0—	0—	0—
Convertible Preferred Stock Outstanding Shares	0—	0—	0—	0—	0—
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—	$0—
Preferred Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Temporary Equity Attributable to Parent	$240.61M—	$0—	——	——	$0—
Accounts Receivable, Allowance for Credit Loss	$5.54M+46.3%	$4.49M+18.9%	$4.22M+8.1%	$4.04M-5.5%	$3.79M-0.4%
Allowance for doubtful accounts	$5.54M+46.3%	$4.49M+18.9%	$4.22M+8.1%	$4.04M-5.5%	$3.79M-0.4%
Deferred income taxes	$38.71M+1,174%	$2.79M-2.9%	$2.45M-22.5%	$2.2M-23.9%	$3.04M-18.8%
Equity method investments (Note 11)	$5.95M-0.9%	$5.92M—	$5.69M—	$5.77M—	$6M—
Current maturities of long-term debt	$7.67M+5.4%	$7.48M+6.4%	$7.39M+3.8%	$7.35M+3.8%	$7.27M+1.3%
Finite-Lived Intangible Assets, Accumulated Amortization	$64.82M+60.8%	$52.3M+44.0%	$48.3M+49.5%	$44.3M+56.5%	$40.31M+65.7%
2028	$50.1M+213%	——	$15.99M0.0%	$15.99M0.0%	$15.99M0.0%
2030	$50.1M+213%	——	$15.99M0.0%	$15.99M0.0%	$15.99M0.0%
2031	$50.1M+213%	——	$15.99M0.0%	$15.99M0.0%	$15.99M0.0%
Remainder of 2026	$37.58M+213%	——	$4M0.0%	$7.99M0.0%	$11.99M0.0%
2027	$50.1M+213%	——	$15.99M0.0%	$15.99M0.0%	$15.99M0.0%
2029	$50.1M+213%	——	$15.99M0.0%	$15.99M0.0%	$15.99M0.0%
Finite Lived Intangible Assets Amortization Expense After Year Five	$76.18M+11.9%	——	$68.07M-19.0%	$68.07M-19.0%	$68.07M-19.0%
Gross Carrying Amount	$429.1M+114%	$200.3M0.0%	$200.3M0.0%	$200.3M0.0%	$200.3M0.0%
Raw materials	$63.13M+99.9%	$28.87M-7.0%	$27.25M+16.4%	$26.67M+40.2%	$31.58M+66.7%
Letters of Credit Outstanding, Amount	$1.3M-45.8%	——	$1.8M-28.0%	$2.4M+118%	$2.4M+118%
Noncontrolling interests in subsidiaries	$215.27M+9.1%	$206.66M+7.0%	$203.51M-2.7%	$200.34M+0.1%	$197.34M-4.8%
Other Commitment	$264.8M-5.0%	——	$281.7M+5.5%	$280M+5.6%	$278.7M+2.9%
Preferred Stock, Par or Stated Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Preferred Stock, Shares Authorized	$10M0.0%	$10M0.0%	$10M0.0%	$10M0.0%	$10M0.0%
Preferred Stock, Shares Issued	$0—	$0—	$0—	$0—	$0—
Preferred Stock, Shares Outstanding	$0—	$0—	$0—	$0—	$0—
Redeemable noncontrolling interests in subsidiaries	$240.61M—	$0—	——	——	——
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	$537.5M—	——	——	——	——
Liability related to tax receivable agreement, net of current portion	$243.5M-5.8%	$241.61M-6.5%	$261.37M+8.2%	$259.73M+0.1%	$258.38M+3.3%
Unbilled Receivables	$170.8M+317%	$39.4M+32.2%	$30.7M-19.8%	$33.5M-5.9%	$41M+29.3%
Purchase Obligation	$264.8M-5.0%	——	$281.7M+5.5%	$280M+5.6%	$278.7M+2.9%
Remainder of Fiscal Year 2024	$37.58M+213%	——	$4M0.0%	$7.99M0.0%	$11.99M0.0%
Remainder of Fiscal Year 2025	$37.58M+213%	——	$4M0.0%	$7.99M0.0%	$11.99M0.0%

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Questions, answered.

Can Cactus cover its short-term obligations?: Its current ratio is 2.61 — current assets exceed current liabilities.
Where does Cactus's balance sheet data come from?: Every line is extracted from Cactus's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.