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Cactus WHD Product revenue — Cost of Sales

Other product segments

Rental revenue
$17.49M+5.1%

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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:CostOfGoodsAndServicesSoldDepreciation.

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
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Cost of product revenue$17,639$16,287$13,762
Cost of rental revenue17,48616,63420,191
Cost of field service and other revenue11,07910,6049,786
Selling, general and administrative expenses17,71016,91321,306
Total depreciation and amortization$63,914$60,438$65,045

Item 8. Financial Statements and Supplementary Data

FAQ

What is Cactus's product revenue — cost of sales?
Cactus (WHD) reported product revenue — cost of sales of $4.41M in Q4 2025.
How has Cactus's product revenue — cost of sales changed year-over-year?
Cactus's product revenue — cost of sales increased by 8.3% year-over-year, from $4.07M to $4.41M.
What is the long-term trend for Cactus's product revenue — cost of sales?
Over 4 years (2021 to 2025), Cactus's product revenue — cost of sales has grown at a 53.5% compound annual growth rate (CAGR), from $3.18M to $17.64M.
What does product revenue — cost of sales mean?
This metric represents the specific costs directly tied to the sales process of the product segment, distinct from general manufacturing costs. It typically includes expenses such as commissions, shipping, and logistics required to fulfill product orders. Analyzing this metric helps determine the variable cost burden associated with scaling product sales volume.

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