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Cactus WHD Deferred income — Contract Liabilities

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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$5.5B+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:ContractWithCustomerLiabilityCurrent.

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
Line itemMarch 31,2026December 31,2025
Deferred income$30,390$7,707
Progress collections3,203
Contract liabilities$33,593$7,707

Item 1. Financial Statements.

FAQ

What is Cactus's deferred income — contract liabilities?
Cactus (WHD) reported deferred income — contract liabilities of $30.39M in Q1 2026.
What does deferred income — contract liabilities mean?
This metric represents the portion of revenue billed or collected from customers for wellhead equipment and field services that has not yet been recognized as earned revenue under accounting standards. It reflects the company's obligation to deliver products or perform services in future periods, serving as a key indicator of future revenue visibility and backlog. An increase in this balance typically signals strong demand and a growing pipeline of contracted work for the company's pressure control solutions.

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