Stock pay outran buybacks. Stock-based pay expense $65M vs $21M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Cactus recorded $65M of stock-based pay expense and spent $21M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Cactus recorded $65M of stock-based pay expense and spent $21M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Cash flow well above reported profit. Free cash flow is 3.9× reported profit.
Free cash flow is 3.9× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Fast revenue growth. Revenue grew 22% in the 12 months to June 2026 vs the 12 months before, faster than 85% of peers.
Revenue grew 22% in the 12 months to June 2026 vs the 12 months before, faster than 85% of its peers.
Little borrowing.Debt is 0.03× equity vs a peer median of 0.5×.Debt is 0.03× equity vs peers 0.5×.
Cactus has among the least debt in its peer group relative to shareholders' equity.
StockQuotient Score
60/ 100Oct 5 59 → Nov 4 60 (+1)Fundamentals: Yahoo Finance, not primary filings
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 26 → 27
Share price -5.4%+2
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Cactus
Is Cactus getting weaker?
Its latest SEC filing (Jul 31, 2026) showed no major changes. Its overall score is unchanged at 60/100 since Oct 28, 2026.
How is Cactus valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 404 energy peers.Earnings yield 1.9% vs a peer median of 5.2% (weaker than 75% of peers).Earnings yield 1.9% vs peers 5.2% (weaker than 75% of peers).
Is Cactus growing?
Yes, faster than most of its peers. Growth scores 78/100 against 404 energy peers.3-year revenue growth 14.6% vs a peer median of -1.3% (stronger than 86% of peers).3-year revenue growth 14.6% vs peers -1.3% (stronger than 86% of peers).
How profitable is Cactus?
More profitable than most of its peers. Profitability scores 75/100 against 404 energy peers.Return on invested capital 22.9% vs a peer median of 9.3% (stronger than 84% of peers).Return on invested capital 22.9% vs peers 9.3% (stronger than 84% of peers).
How risky is Cactus?
Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Debt / equity 0.03× vs a peer median of 0.47× (stronger than 92% of peers).Debt / equity 0.03× vs peers 0.47× (stronger than 92% of peers).Beta 1.38 vs a peer median of 0.57 (weaker than 95% of peers).Beta 1.38 vs peers 0.57 (weaker than 95% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 31, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
1.2B USD
1.4B USD
+14.8%
Net income (12 months)
154.7M USD
163.4M USD
+5.6%
Operating margin
19.5%
18.6%
−0.8 pts
Debt
0 USD
0 USD
—
Cash
291.6M USD
365.8M USD
+25.4%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Oil & Gas Equipment & Services companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
—
35.2%
37.0%
38.6%
37.0%
▼ 1.6 pts
Operating margin
17.2%
25.4%
24.1%
25.6%
23.2%
▼ 2.4 pts
Net margin
11.3%
16.0%
15.4%
16.4%
15.4%
▼ 1.0 pts
Return on assets (ROA)
5.0%
9.8%
11.1%
10.7%
8.9%
▼ 1.8 pts
Return on equity (ROE)
10.6%
19.3%
19.5%
17.3%
13.5%
▼ 3.8 pts
Current ratio
5.60×
5.61×
3.17×
4.33×
5.81×
▲ 34%
Quick ratio
4.37×
4.30×
2.19×
3.30×
4.42×
▲ 34%
Debt to equity
0.00×
0.00×
0.00×
0.00×
0.00×
—
Interest coverage
240.98×
652.04×
69.24×
453.23×
360.43×
▼ 20%
WHD price history
Price history is added with the daily price update and will appear after the next one.