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Cactus WHD Rental revenue — Total revenues

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenues
Product revenue$297,237$208,961
Rental revenue15,93027,122
Field service and other revenue75,18244,236
Total revenues388,349280,319
Costs and expenses
Cost of product revenue207,491121,456
Cost of rental revenue10,57313,735

Item 1. Financial Statements.

FAQ

What is Cactus's rental revenue — total revenues?
Cactus (WHD) reported rental revenue — total revenues of $15.93M in Q1 2026.
How has Cactus's rental revenue — total revenues changed year-over-year?
Cactus's rental revenue — total revenues decreased by 41.3% year-over-year, from $27.12M to $15.93M.
What is the long-term trend for Cactus's rental revenue — total revenues?
Over 4 years (2021 to 2025), Cactus's rental revenue — total revenues has grown at a 8.4% compound annual growth rate (CAGR), from $61.63M to $85.24M.
What does rental revenue — total revenues mean?
This metric represents the total gross income generated specifically from the rental of wellhead and pressure control equipment. It serves as a key indicator of the company's ability to monetize its asset base through leasing arrangements rather than direct product sales. Tracking this revenue stream helps investors assess the scale and growth trajectory of the company's rental service business model.

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