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Cactus WHD Pressure Control — D&A

Other segment segments

Spoolable Technologies
$35.33M+5.0%

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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:DepreciationDepletionAndAmortization.

The source filing: Cactus’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 4:50 PM EST
Fiscal year
FY2025
Accession
0001628280-26-012377
(in thousands)Year Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Cash flows from operating activities
Net income$201,642$232,758$214,840
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization63,91460,43865,045
Deferred financing cost amortization1,0811,1204,514
Stock-based compensation24,49322,88818,105
Provision for expected credit losses1,2113702,622
Inventory obsolescence3,1633,8415,337

Item 8. Financial Statements and Supplementary Data

FAQ

What is Cactus's pressure control — D&A?
Cactus (WHD) reported pressure control — D&A of $7.15M in Q4 2025.
How has Cactus's pressure control — D&A changed year-over-year?
Cactus's pressure control — D&A increased by 6.7% year-over-year, from $6.7M to $7.15M.
What is the long-term trend for Cactus's pressure control — D&A?
Over 4 years (2021 to 2025), Cactus's pressure control — D&A has grown at a -5.8% compound annual growth rate (CAGR), from $36.31M to $28.59M.
What does pressure control — D&A mean?
The non-cash expense allocated to the wear and tear of manufacturing equipment and the amortization of intangible assets within the pressure control segment. This metric is critical for understanding the capital intensity and the replacement cycle of the segment's asset base.

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