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Cactus WHD Rental revenue — Cost of Sales

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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$3.8B+4.5%
Enterprise value$3.56B+7.4%
P/E24.5×+5.5×
P/S3.2×0.0×

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 official record: Cactus’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cactus's rental revenue — cost of sales?
Cactus (WHD) reported rental revenue — cost of sales of $4.37M in Q4 2025.
How has Cactus's rental revenue — cost of sales changed year-over-year?
Cactus's rental revenue — cost of sales increased by 5.1% year-over-year, from $4.16M to $4.37M.
What is the long-term trend for Cactus's rental revenue — cost of sales?
Over 4 years (2021 to 2025), Cactus's rental revenue — cost of sales has grown at a -9.3% compound annual growth rate (CAGR), from $25.81M to $17.49M.
What does rental revenue — cost of sales mean?
This metric represents the specific cost of sales attributable to the rental segment, encompassing the direct expenses incurred to generate rental revenue. It is a critical component for calculating the gross margin of the rental business unit. By isolating these costs, management and investors can determine the underlying profitability of the rental equipment fleet.