Cactus, Inc. (WHD)

From the record

Cactus, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Cactus, Inc.'s 9 filed years say what it did: revenue went from $341 million in fiscal 2017 to $1.1 billion in fiscal 2025, up 15.5% a year; it rose in 6 of 8 years; the deepest fall was 45% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 9 of those years (its annual reports).

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Return on equity: in the fiscal year ended 2025-12-31, Cactus, Inc. earned about 14 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 21 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 23 cents per dollar of assets (the filed statements).

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Cactus, Inc.'s standing among 16 graded names in its industry family: revenue of $1.1 billion in fiscal 2025 ranks in the top 34% by size; a net margin of 18.7% ranks in the top 9%; revenue growth of 16.2% a year over the last 3 filed years ranks in the top 28% (its annual reports).

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Cactus, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Bender, Scott (Chairman and CEO, as filed), filing under that title since 2018-02-07, 8.8 years (top 25% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 8.8 years (top 35%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 46%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

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Cactus, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $495 million against debt of $0 thousand leaves 26.4% of its assets as net cash, top 9% of its family; cash from operations less capital spending is 23.9% of revenue (top 3%); a gross margin of 37% (top 14%) (its annual report).

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Cactus, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 16.2% a year over the last three filed years against 15.5% over all 9, speeding up (top 50% of its family); the newest year grew -4.5% (bottom 17%) (its annual reports). Cactus, Inc. reported 2 lines of business in fiscal 2025: Pressure Control at $711 million (66%), Spoolable Technologies at $368 million (34%); 0 of 2 grew against the year before (its annual report).

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Cactus, Inc.'s newest year against its own record: revenue of $1.1 billion in fiscal 2025 came in 25.4% below the $1.4 billion its prior three years' pace pointed to (bottom 11% of its family); net income of $202 million against a prior three-year average of $198 million (bottom 46%); a net margin of 18.7% against 20.4% before (bottom 46%) (its annual reports).