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Cactus WHD Non-Controlling Interests

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Other financials

Income statement

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Revenue$388.3M+38.5%
Operating income$49.5M-27.8%
Net income$32.9M-25.6%
EPS (diluted)-$0.70-209%

Balance sheet

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Cash & equivalents$291.6M-16.1%
Total debt$55.2M+28.0%
Total equity$1.2B+7.4%
Total assets$2.5B+38.9%

Cash flow

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Operating cash flow$128.3M+209%
CapEx$282.0K-69.1%
Free cash flow$128.0M+215%

Valuation

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Market cap$5.44B+107%
Enterprise value$5.21B+129%
P/E35.2×+20.6×
P/S4.6×+2.2×

Profitability

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Operating margin19.5%-6.5pp
Net margin13%-3.8pp
FCF margin26.4%

Returns & leverage

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Return on equity13.5%-5.6pp
Debt / equity0.0×
Current ratio2.6×-2.2×

Where this comes from

Reported directly by Cactus in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

The source filing: Cactus’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 11:23 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032636
(in thousands, except per share data)March 31,2026December 31,2025
Class B common stock, $0.01 par value, 215,000 shares authorized, 10,758 and 10,958 shares issued and outstanding
Additional paid-in capital569,607546,926
Retained earnings621,917680,353
Accumulated other comprehensive loss(1,829)(1,577)
Total stockholders’ equity attributable to Cactus Inc.1,190,3881,226,390
Non-controlling interest215,265206,658
Total stockholders’ equity1,405,6531,433,048
Total liabilities, mezzanine equity and stockholders' equity$2,458,081$1,871,617

Item 1. Financial Statements.

FAQ

What is Cactus's non-controlling interests?
Cactus (WHD) reported non-controlling interests of $215.27M in Q1 2026.
How has Cactus's non-controlling interests changed year-over-year?
Cactus's non-controlling interests increased by 9.1% year-over-year, from $197.34M to $215.27M.
What is the long-term trend for Cactus's non-controlling interests?
Over 5 years (2020 to 2025), Cactus's non-controlling interests has grown at a 0.9% compound annual growth rate (CAGR), from $197.8M to $206.66M.
What does non-controlling interests mean?
Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

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