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Cactus WHD Operating Income

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Segments

By segment

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Pressure Control$38.61M-28.9%
Spoolable Technologies$23.57M-1.3%

Other financials

Income statement

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Revenue$388.3M+38.5%
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$5.5B+102%
Enterprise value$5.26B+123%
P/E35.5×+20.5×
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:OperatingIncomeLoss.

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)Three Months Ended March 31, 20262025
Cost of field service and other revenue58,70737,390
Selling, general and administrative expenses62,07439,126
Total costs and expenses338,845211,707
Operating income49,50468,612
Interest income, net2202,325
Income before income taxes49,72470,937
Income tax expense9,50316,832
Net income$40,221$54,105

Item 1. Financial Statements.

FAQ

What is Cactus's operating income?
Cactus (WHD) reported operating income of $49.5M in Q1 2026.
How has Cactus's operating income changed year-over-year?
Cactus's operating income decreased by 27.8% year-over-year, from $68.61M to $49.5M.
What is the long-term trend for Cactus's operating income?
Over 4 years (2021 to 2025), Cactus's operating income has grown at a 35.0% compound annual growth rate (CAGR), from $75.43M to $250.5M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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