Cactus, Inc. (WHD) stock
WHDNYSEOil & Gas Field Machinery & EquipmentFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 16/3031% above fair value
$62.28+0.53 (+0.86%)
Close on Nov 13, 2026Market cap $4.99BP/E –Yield 0.87%
Cactus operating margin
Operating margin is operating income as a percentage of revenue.
Cactus's operating margin for the twelve months ending Sep 30, 2026 was 18.8%. For fiscal 2025 it was 23.2%, against 25.6% the year before. The highest annual figure on record is 32.7% in fiscal 2018.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 23.2% | −2.4 |
| FY2024 | Dec 31, 2024 | 25.6% | +1.5 |
| FY2023 | Dec 31, 2023 | 24.1% | −1.3 |
| FY2022 | Dec 31, 2022 | 25.4% | +8.2 |
| FY2021 | Dec 31, 2021 | 17.2% | −2.9 |
| FY2020 | Dec 31, 2020 | 20.1% | −9.1 |
| FY2019 | Dec 31, 2019 | 29.1% | −3.5 |
| FY2018 | Dec 31, 2018 | 32.7% | +6.6 |
| FY2017 | Dec 31, 2017 | 26.0% | +19.2 |
| FY2016 | Dec 31, 2016 | 6.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 21.8% | −1.4 |
| Q2 FY2026 | Jun 30, 2026 | 18.6% | −3.6 |
| Q1 FY2026 | Mar 31, 2026 | 12.7% | −11.7 |
| Q4 FY2025 | Dec 31, 2025 | 22.9% | −3.0 |
| Q3 FY2025 | Sep 30, 2025 | 23.2% | −3.0 |
| Q2 FY2025 | Jun 30, 2025 | 22.2% | −5.3 |
| Q1 FY2025 | Mar 31, 2025 | 24.5% | +1.7 |
| Q4 FY2024 | Dec 31, 2024 | 25.9% | −2.7 |
| Q3 FY2024 | Sep 30, 2024 | 26.2% | −4.2 |
| Q2 FY2024 | Jun 30, 2024 | 27.5% | +11.6 |
| Q1 FY2024 | Mar 31, 2024 | 22.8% | +1.1 |
| Q4 FY2023 | Dec 31, 2023 | 28.6% | +2.9 |
| Q3 FY2023 | Sep 30, 2023 | 30.4% | +2.6 |
| Q2 FY2023 | Jun 30, 2023 | 15.9% | −10.1 |
| Q1 FY2023 | Mar 31, 2023 | 21.8% | +0.5 |
| Q4 FY2022 | Dec 31, 2022 | 25.7% | +5.9 |
| Q3 FY2022 | Sep 30, 2022 | 27.8% | +9.8 |
| Q2 FY2022 | Jun 30, 2022 | 26.0% | +10.1 |
| Q1 FY2022 | Mar 31, 2022 | 21.2% | +7.5 |
| Q4 FY2021 | Dec 31, 2021 | 19.8% | +7.4 |
| Q3 FY2021 | Sep 30, 2021 | 18.0% | −3.0 |
| Q2 FY2021 | Jun 30, 2021 | 15.9% | +2.6 |
| Q1 FY2021 | Mar 31, 2021 | 13.8% | −12.3 |
| Q4 FY2020 | Dec 31, 2020 | 12.4% | −13.4 |
| Q3 FY2020 | Sep 30, 2020 | 21.0% | −8.3 |
| Q2 FY2020 | Jun 30, 2020 | 13.3% | −17.2 |
| Q1 FY2020 | Mar 31, 2020 | 26.1% | −4.5 |
| Q4 FY2019 | Dec 31, 2019 | 25.7% | −5.6 |
| Q3 FY2019 | Sep 30, 2019 | 29.3% | −5.3 |
| Q2 FY2019 | Jun 30, 2019 | 30.5% | −3.0 |
| Q1 FY2019 | Mar 31, 2019 | 30.5% | −0.1 |
| Q4 FY2018 | Dec 31, 2018 | 31.4% | +3.9 |
| Q3 FY2018 | Sep 30, 2018 | 34.6% | +5.4 |
| Q2 FY2018 | Jun 30, 2018 | 33.6% | +6.6 |
| Q1 FY2018 | Mar 31, 2018 | 30.6% | +13.5 |
| Q4 FY2017 | Dec 31, 2017 | 27.4% | – |
| Q3 FY2017 | Sep 30, 2017 | 29.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 27.0% | – |
| Q1 FY2017 | Mar 31, 2017 | 17.1% | – |
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