WHD Stock Analysis: Cactus | NYSE
Oil & Gas Equipment & Services | NYSE, USA | Market Cap: 3.505m USD | 12M Return: 22.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 39.2M
EPS Trend: -32.7%
Qual. Beats: 0
Rev. Trend: 60.9%
Qual. Beats: 3
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.4 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 U.S.-based energy equipment manufacturer that designs, manufactures, sells, and rents pressure control and spoolable pipe technologies for the oil and gas industry. The company operates through two segments: Pressure Control, which provides wellheads and related equipment under the Cactus Wellhead brand for drilling, completion, and production phases, primarily serving onshore unconventional oil and gas wells; and Spoolable Technologies, which produces composite pipe and end fittings under the FlexSteel brand for production, gathering, and takeaway pipelines.
Both segments are supported by field service operations, including installation, maintenance, repair, refurbishment, and rental services delivered through a network of service centers. Headquartered in Houston, Texas, Cactus was founded in 2011 and went public in February 2018, with operations spanning the United States, Australia, Canada, the Middle East, and other international markets.
The companys focus on onshore unconventional wells ties its business cycle closely to U.S. shale drilling and completions activity, while its FlexSteel spoolable pipe serves as a flexible, corrosion-resistant alternative to conventional steel pipelines for gathering and transportation applications. The equipment-and-services business model, which combines product sales with recurring rental and field service revenue, is a common structure in the oilfield services sector, where demand is driven by upstream capital expenditure cycles.
- US shale drilling recovery drives wellhead demand
- Spoolable Technologies revenue grows on gas pipeline installations
- Middle East expansion accelerates international revenue mix
| Net Income: 73.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -0.61 > 1.0 |
| NWC/Revenue: 61.02% < 20% (prev 56.52%; Δ 4.50% < -1%) |
| CFO/TA 0.14 > 3% & CFO 342.7m > Net Income 73.2m |
| Net Debt (-236.4m) to EBITDA (324.5m): -0.73 < 3 |
| Current Ratio: 2.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (69.0m) vs 12m ago 0.53% < -2% |
| Gross Margin: 56.14% > 18% (prev 37.49%; Δ 18.64% > 0.5%) |
| Asset Turnover: 56.16% > 50% (prev 64.22%; Δ -8.05% > 0%) |
| Interest Coverage Ratio: 55.06 > 6 (EBIT TTM 239.5m / Interest Expense TTM 4.35m) |
| A: 0.29 (Total Current Assets 1.18b - Total Current Liabilities 451.1m) / Total Assets 2.46b |
| B: 0.25 (Retained Earnings 621.9m / Total Assets 2.46b) |
| C: 0.11 (EBIT TTM 239.5m / Avg Total Assets 2.11b) |
| D: 1.47 (Book Value of Equity 1.19b / Total Liabilities 811.8m) |
| Altman-Z'' = 5.06 = AAA |
| DSRI: 2.00 (Receivables 460.0m/219.7m, Revenue 1.19b/1.14b) |
| GMI: 0.67 (GM 37.49% / 56.14%) |
| AQI: 1.04 (AQ_t 0.35 / AQ_t-1 0.33) |
| SGI: 1.04 (Revenue 1.19b / 1.14b) |
| TATA: -0.11 (NI 73.2m - CFO 342.7m) / TA 2.46b) |
| Beneish M = -2.46 (Cap -4..+1) = BBB |
As of July 14, 2026, the stock is trading at USD 53.79 with a total of 554,933 shares traded. Over the past week, the price has changed by +6.68%, over one month by -8.98%, over three months by +1.41% and over the past year by +22.10%.
Current recommended Stop Loss: 51.10 (which is 5% or 1.3 ATR below the current price).
Cactus has received a consensus analysts rating of 3.63. Therefore, it is recommended to hold WHD.
- StrongBuy: 2
- Buy: 2
- Hold: 3
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 63.8 | 18.6% |
P/E Trailing = 47.1869
P/E Forward = 48.0769
P/S = 2.9526
P/B = 2.9403
Revenue TTM = 1.19b USD
EBIT TTM = 239.5m USD
EBITDA TTM = 324.5m USD
Long Term Debt = 9.67m USD (from longTermDebtTotal, last fiscal year)
Short Term Debt = 15.6m USD (from shortTermDebt, last quarter)
Debt = 55.2m USD (from shortLongTermDebtTotal, last quarter) (leases 55.2m already included)
Net Debt = -236.4m USD (calculated: Debt 55.2m - CCE 291.6m)
Enterprise Value = 3.27b USD (3.50b + Debt 55.2m - CCE 291.6m)
Interest Coverage Ratio = 55.06 (Ebit TTM 239.5m / Interest Expense TTM 4.35m)
EV/FCF = 10.74x (Enterprise Value 3.27b / FCF TTM 304.4m)
FCF Yield = 9.31% (FCF TTM 304.4m / Enterprise Value 3.27b)
FCF Margin = 25.65% (FCF TTM 304.4m / Revenue TTM 1.19b)
Net Margin = 6.17% (Net Income TTM 73.2m / Revenue TTM 1.19b)
Gross Margin = 56.14% ((Revenue TTM 1.19b - Cost of Revenue TTM 520.7m) / Revenue TTM)
Gross Margin QoQ = 46.57% (prev 92.79%)
Tobins Q-Ratio = 1.33 (Enterprise Value 3.27b / Total Assets 2.46b)
Interest Expense / Debt = 7.87% (Interest Expense 4.35m / Debt 55.2m)
Taxrate = 21.59% (51.7m / 239.5m)
NOPAT = 187.8m (EBIT 239.5m * (1 - 21.59%))
Current Ratio = 2.61 (Total Current Assets 1.18b / Total Current Liabilities 451.1m)
Debt / Equity = 0.05 (Debt 55.2m / totalStockholderEquity, last quarter 1.19b)
Debt / EBITDA = -0.73 (Net Debt -236.4m / EBITDA 324.5m)
Debt / FCF = -0.78 (Net Debt -236.4m / FCF TTM 304.4m)
Total Stockholder Equity = 1.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.46% (Net Income 73.2m / Total Assets 2.46b)
RoE = 6.16% (Net Income TTM 73.2m / Total Stockholder Equity 1.19b)
RoCE = 19.98% (EBIT 239.5m / Capital Employed (Equity 1.19b + L.T.Debt 9.67m))
RoIC = 9.56% (NOPAT 187.8m / Invested Capital 1.96b)
WACC = 11.62% (E(3.50b)/V(3.56b) * Re(11.71%) + D(55.2m)/V(3.56b) * Rd(7.87%) * (1-Tc(0.22)))
Discount Rate = 11.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -15.56 | Cagr: -6.27%
[DCF] Terminal Value 68.14% ; FCFF base≈274.6m ; Y1≈314.8m ; Y5≈463.3m
[DCF] Fair Price = 66.90 (EV 4.41b - Net Debt -236.4m = Equity 4.64b / Shares 69.4m; r=11.62% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -32.75 | EPS CAGR: -2.94% | SUE: 0.36 | # QB: 0
Revenue Correlation: 60.91 | Revenue CAGR: 4.92% | SUE: 1.24 | # QB: 3
EPS current Quarter (2026-06-30): EPS=0.64 | Chg30d=-1.08% | Revisions=-50% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.71 | Chg30d=+0.14% | Revisions=-50% | Analysts=6
EPS current Year (2026-12-31): EPS=2.97 | Chg30d=-0.62% | Revisions=+0% | GrowthEPS=+10.4% | GrowthRev=+47.5%
EPS next Year (2027-12-31): EPS=3.47 | Chg30d=+0.57% | Revisions=+29% | GrowthEPS=+16.8% | GrowthRev=+8.3%
[Analyst] Revisions Ratio: -24% (up=5, down=9)