WHD Stock Analysis: Cactus | NYSE
Oil & Gas Equipment & Services | NYSE, USA | Market Cap: 4.475m USD | 12M Return: 81.7% | US1272031071 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.0M
EPS Trend: -60.9%
Qual. Beats: 1
Rev. Trend: 60.9%
Qual. Beats: 4
Warnings
Tailwinds
Seasonality 8.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Cactus, Inc. (NYSE: WHD) is a Houston-based provider of engineered pressure control and spoolable pipe technologies serving the global oil and gas industry, with operations in the United States, Australia, Canada, the Middle East, and other international markets. Founded in 2011 and listed since its 2018 IPO, the company operates through two reportable segments: Pressure Control, which markets wellheads and related equipment under the Cactus Wellhead brand for drilling, completion, and production on onshore unconventional wells, and Spoolable Technologies, which sells flexible pipe and end fittings under the FlexSteel brand for use in production, gathering, and takeaway pipelines. The company also generates revenue from field services, equipment rentals, and the repair and refurbishment of pressure control equipment.
As a member of the GICS Energy sector and Oil & Gas Equipment & Services sub-industry, Cactus primarily supports upstream and midstream operators, with a product mix that targets the wellhead and gathering-line infrastructure used in shale and other unconventional resource plays. Its hybrid sales-and-rental model, combined with aftermarket service offerings, is a common structure in the oilfield services industry, allowing the company to capture revenue across the lifecycle of a well while supporting customers that increasingly favor operating efficiency and capital flexibility.
- U.S. shale drilling activity rises, boosting wellhead demand
- Frac spread counts drive Pressure Control segment revenue growth
- FlexSteel pipeline orders expand on midstream takeaway capacity
- International service center openings in Middle East and Australia accelerate
- Commodity price volatility pressures customer capital spending and rental margins
| Net Income: 81.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -0.29 > 1.0 |
| NWC/Revenue: 57.75% < 20% (prev 61.95%; Δ -4.20% < -1%) |
| CFO/TA 0.14 > 3% & CFO 364.5m > Net Income 81.9m |
| Net Debt (-309.6m) to EBITDA (366.4m): -0.84 < 3 |
| Current Ratio: 2.59 > 1.5 & < 3 |
| Outstanding Shares: last quarter (70.2m) vs 12m ago 2.13% < -2% |
| Gross Margin: 48.87% > 18% (prev 41.64%; Δ 7.22% > 0.5%) |
| Asset Turnover: 61.83% > 50% (prev 61.34%; Δ 0.49% > 0%) |
| Interest Coverage Ratio: 59.94 > 6 (EBIT TTM 260.7m / Interest Expense TTM 4.35m) |
| A: 0.30 (Total Current Assets 1.28b - Total Current Liabilities 496.0m) / Total Assets 2.58b |
| B: 0.26 (Retained Earnings 660.9m / Total Assets 2.58b) |
| C: 0.12 (EBIT TTM 260.7m / Avg Total Assets 2.20b) |
| D: 1.41 (Book Value of Equity 1.24b / Total Liabilities 881.5m) |
| Altman-Z'' = 5.10 = AAA |
| DSRI: 2.02 (Receivables 510.2m/207.3m, Revenue 1.36b/1.12b) |
| GMI: 0.85 (GM 41.64% / 48.87%) |
| AQI: 1.07 (AQ_t 0.34 / AQ_t-1 0.32) |
| SGI: 1.22 (Revenue 1.36b / 1.12b) |
| TATA: -0.11 (NI 81.9m - CFO 364.5m) / TA 2.58b) |
| Beneish M = -2.13 (Cap -4..+1) = BB |
As of October 13, 2026, the stock is trading at USD 62.97 with a total of 276,430 shares traded. Over the past week, the price has changed by -2.75%, over one month by -6.07%, over three months by +18.02% and over the past year by +81.70%.
Current recommended Stop Loss: 58.60 (which is 6.9% or 2.2 ATR below the current price).
Cactus has received a consensus analysts rating of 3.78. Therefore, it is recommended to hold WHD.
- StrongBuy: 2
- Buy: 3
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 70.2 | 11.5% |
P/E Trailing = 54.3814
P/E Forward = 48.0769
P/S = 3.283
P/B = 3.7108
Revenue TTM = 1.36b USD
EBIT TTM = 260.7m USD
EBITDA TTM = 366.4m USD
Long Term Debt = 9.67m USD (from longTermDebtTotal, last fiscal year)
Short Term Debt = 17.5m USD (from shortTermDebt, last quarter)
Debt = 56.2m USD (from shortLongTermDebtTotal, last quarter) (leases 56.2m already included)
Net Debt = -309.6m USD (calculated: Debt 56.2m - CCE 365.8m)
Enterprise Value = 4.17b USD (4.47b + Debt 56.2m - CCE 365.8m)
Interest Coverage Ratio = 59.94 (Ebit TTM 260.7m / Interest Expense TTM 4.35m)
EV/FCF = 12.95x (Enterprise Value 4.17b / FCF TTM 321.6m)
FCF Yield = 7.72% (FCF TTM 321.6m / Enterprise Value 4.17b)
FCF Margin = 23.59% (FCF TTM 321.6m / Revenue TTM 1.36b)
Net Margin = 6.01% (Net Income TTM 81.9m / Revenue TTM 1.36b)
Gross Margin = 48.87% ((Revenue TTM 1.36b - Cost of Revenue TTM 697.0m) / Revenue TTM)
Gross Margin QoQ = 33.31% (prev 46.57%)
Tobins Q-Ratio = 1.61 (Enterprise Value 4.17b / Total Assets 2.58b)
Interest Expense / Debt = 7.74% (Interest Expense 4.35m / Debt 56.2m)
Taxrate = 23.24% (60.6m / 260.7m)
NOPAT = 200.1m (EBIT 260.7m * (1 - 23.24%))
Current Ratio = 2.59 (Total Current Assets 1.28b / Total Current Liabilities 496.0m)
Debt / Equity = 0.05 (Debt 56.2m / totalStockholderEquity, last quarter 1.24b)
Debt / EBITDA = -0.84 (Net Debt -309.6m / EBITDA 366.4m)
Debt / FCF = -0.96 (Net Debt -309.6m / FCF TTM 321.6m)
Total Stockholder Equity = 1.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.71% (Net Income 81.9m / Total Assets 2.58b)
RoE = 6.75% (Net Income TTM 81.9m / Total Stockholder Equity 1.21b)
RoCE = 21.34% (EBIT 260.7m / Capital Employed (Equity 1.21b + L.T.Debt 9.67m))
RoIC = 9.82% (NOPAT 200.1m / Invested Capital 2.04b)
WACC = 12.94% (E(4.47b)/V(4.53b) * Re(13.03%) + D(56.2m)/V(4.53b) * Rd(7.74%) * (1-Tc(0.23)))
Discount Rate = 13.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -51.63 | Cagr: -5.39%
[DCF] Terminal Value 64.59% ; FCFF base≈285.9m ; Y1≈327.7m ; Y5≈482.3m
[DCF] Fair Price = 61.63 (EV 3.99b - Net Debt -309.6m = Equity 4.30b / Shares 69.7m; r=12.94% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -60.92 | EPS CAGR: -4.13% | SUE: 4.0 | # QB: 1
Revenue Correlation: 60.93 | Revenue CAGR: 4.88% | SUE: 4.0 | # QB: 4
EPS current Quarter (2026-09-30): EPS=0.76 | Chg30d=+1.00% | Revisions=+22% | Analysts=7
EPS current Year (2026-12-31): EPS=2.97 | Chg30d=+0.51% | Revisions=+67% | GrowthEPS=+10.6% | GrowthRev=+58.2%
EPS next Year (2027-12-31): EPS=3.65 | Chg30d=+0.76% | Revisions=+12% | GrowthEPS=+22.7% | GrowthRev=+4.6%
[Analyst] Revisions Ratio: +45% (up=13, down=4)