Overview Dividends

(WHD) Cactus - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US1272031071

Wellhead Equipment, Pressure Control, Spoolable Pipe, Field Services

Oil & Gas Equipment & Services
Market Cap in USD: 3,238m

IPO / Inception: 2018-02-08
Return 12m vs S&P 500: -27.1%

EPS (Earnings per Share)

EPS CAGR: -36.05%
EPS Trend: 3.1%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 20.81%
Rev. Trend: 80.9%

Last SUE: 1.91
Qual. Beats: 1

Dividends

Dividend Yield	1.04%
Yield on Cost 5y	1.96%
Yield CAGR 5y	9.18%
Payout Consistency	100.0%
Payout Ratio	19.5%

Risk via 5d forecast
Volatility	34.0%
Value at Risk 5%th	51.3%
Relative Tail Risk	-8.23%

Reward TTM
Sharpe Ratio	-0.15
Alpha	-38.43
CAGR/Max DD	-0.03

Character TTM
Hurst Exponent	0.552
Beta	1.438
Beta Downside	1.885

Drawdowns 3y
Max DD	51.41%
Mean DD	21.32%
Median DD	19.05%

Description: WHD Cactus November 08, 2025

Cactus, Inc. (NYSE:WHD) designs, manufactures, sells, and rents engineered pressure-control equipment and spoolable pipe systems across the United States and internationally, operating through two distinct segments: Pressure Control (wellhead and related rental gear for on-shore unconventional drilling) and Spoolable Technologies (FlexSteel-branded pipe and fittings for production, gathering and takeaway pipelines). The company also provides field services, repair, and refurbishment for both product lines.

Key operating metrics from the most recent fiscal year show revenue of roughly $585 million, with adjusted EBITDA margin hovering near 12% and rental income representing about 30% of total sales-an indicator of recurring cash flow. Demand for its pressure-control solutions is closely tied to U.S. shale capital expenditures, which have risen 8% YoY as operators accelerate drilling in the Permian and Eagle Ford basins. Meanwhile, the Spoolable Technologies segment benefits from sustained mid-stream pipeline investment, a sector driver that has pushed total U.S. pipeline construction spending above $30 billion annually.

For a deeper quantitative look at Cactus’s valuation metrics and peer comparisons, the ValueRay platform provides a concise dashboard you may find useful.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (172.9m TTM) > 0 and > 6% of Revenue (6% = 65.4m TTM)

FCFTA 0.11 (>2.0%) and ΔFCFTA -6.88pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 69.07% (prev 47.58%; Δ 21.49pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.14 (>3.0%) and CFO 252.7m > Net Income 172.9m (YES >=105%, WARN >=100%)

Net Debt (-406.0m) to EBITDA (337.7m) ratio: -1.20 <= 3.0 (WARN <= 3.5)

Current Ratio 5.28 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (69.2m) change vs 12m ago -13.71% (target <= -2.0% for YES)

Gross Margin 40.82% (prev 38.36%; Δ 2.46pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 61.47% (prev 67.35%; Δ -5.88pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 71.82 (EBITDA TTM 337.7m / Interest Expense TTM 3.82m) >= 6 (WARN >= 3)

Altman Z'' 6.27

(A) 0.40 = (Total Current Assets 928.7m - Total Current Liabilities 175.9m) / Total Assets 1.86b

(B) 0.35 = Retained Earnings (Balance) 650.4m / Total Assets 1.86b

(D) 1.38 = Book Value of Equity 649.0m / Total Liabilities 471.4m

Total Rating: 6.27 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 81.67

1. Piotroski 6.0pt

2. FCF Yield 7.35%

3. FCF Margin 19.11%

4. Debt/Equity 0.03

5. Debt/Ebitda -1.20

6. ROIC - WACC (= 7.78)%

7. RoE 15.31%

8. Rev. Trend 80.89%

9. EPS Trend 3.12%

What is the price of WHD shares?

As of January 10, 2026, the stock is trading at USD 51.80 with a total of 657,776 shares traded.
Over the past week, the price has changed by +10.14%, over one month by +13.35%, over three months by +44.56% and over the past year by -11.81%.

Is WHD a buy, sell or hold?

Cactus has received a consensus analysts rating of 3.63. Therefor, it is recommend to hold WHD.

Strong Buy: 2
Buy: 2
Hold: 3
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the WHD price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	50.6	-2.3%
Analysts Target Price	50.6	-2.3%
ValueRay Target Price	51.7	-0.2%

WHD Fundamental Data Overview January 06, 2026

P/E Trailing = 18.7371
P/E Forward = 48.0769
P/S = 2.9703
P/B = 2.7209
Beta = 1.293
Revenue TTM = 1.09b USD
EBIT TTM = 274.7m USD
EBITDA TTM = 337.7m USD
Long Term Debt = 10.3m USD (from longTermDebtTotal, last quarter)
Short Term Debt = 12.4m USD (from shortTermDebt, last quarter)
Debt = 39.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -406.0m USD (from netDebt column, last quarter)
Enterprise Value = 2.83b USD (3.24b + Debt 39.6m - CCE 445.6m)
Interest Coverage Ratio = 71.82 (Ebit TTM 274.7m / Interest Expense TTM 3.82m)
EV/FCF = 13.60x (Enterprise Value 2.83b / FCF TTM 208.3m)
FCF Yield = 7.35% (FCF TTM 208.3m / Enterprise Value 2.83b)
FCF Margin = 19.11% (FCF TTM 208.3m / Revenue TTM 1.09b)
Net Margin = 15.86% (Net Income TTM 172.9m / Revenue TTM 1.09b)
Gross Margin = 40.82% ((Revenue TTM 1.09b - Cost of Revenue TTM 645.1m) / Revenue TTM)
Gross Margin QoQ = 35.28% (prev 54.85%)
Tobins Q-Ratio = 1.52 (Enterprise Value 2.83b / Total Assets 1.86b)
Interest Expense / Debt = 9.64% (Interest Expense 3.82m / Debt 39.6m)
Taxrate = 22.11% (14.2m / 64.4m)
NOPAT = 213.9m (EBIT 274.7m * (1 - 22.11%))
Current Ratio = 5.28 (Total Current Assets 928.7m / Total Current Liabilities 175.9m)
Debt / Equity = 0.03 (Debt 39.6m / totalStockholderEquity, last quarter 1.19b)
Debt / EBITDA = -1.20 (Net Debt -406.0m / EBITDA 337.7m)
Debt / FCF = -1.95 (Net Debt -406.0m / FCF TTM 208.3m)
Total Stockholder Equity = 1.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.75% (Net Income 172.9m / Total Assets 1.86b)
RoE = 15.31% (Net Income TTM 172.9m / Total Stockholder Equity 1.13b)
RoCE = 24.10% (EBIT 274.7m / Capital Employed (Equity 1.13b + L.T.Debt 10.3m))
RoIC = 18.94% (NOPAT 213.9m / Invested Capital 1.13b)
WACC = 11.17% (E(3.24b)/V(3.28b) * Re(11.21%) + D(39.6m)/V(3.28b) * Rd(9.64%) * (1-Tc(0.22)))
Discount Rate = 11.21% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -6.92%
[DCF Debug] Terminal Value 71.68% ; FCFF base≈246.4m ; Y1≈303.9m ; Y5≈517.6m
Fair Price DCF = 82.82 (EV 5.30b - Net Debt -406.0m = Equity 5.70b / Shares 68.8m; r=11.17% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 3.12 | EPS CAGR: -36.05% | SUE: -4.0 | # QB: 0
Revenue Correlation: 80.89 | Revenue CAGR: 20.81% | SUE: 1.91 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.70 | Chg30d=-0.002 | Revisions Net=+1 | Analysts=4
EPS next Year (2026-12-31): EPS=3.00 | Chg30d=-0.026 | Revisions Net=-1 | Growth EPS=+20.1% | Growth Revenue=+26.7%

Additional Sources for WHD Stock

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