Cactus (WHD) Financials

$40.96 +1.26 (+3.17%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$40.67 -0.29 (-0.71%)

As of 05/2/2025 07:23 PM Eastern

Annual Income Statements for Cactus

This table shows Cactus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	52	86	34	50	110	169	185
Consolidated Net Income / (Loss)	-8.18	67	150	156	59	67	145	215	233
Net Income / (Loss) Continuing Operations	-8.18	67	150	156	59	67	145	215	233
Total Pre-Tax Income	-7.37	68	170	188	70	75	177	262	299
Total Operating Income	11	89	178	183	70	75	175	264	290
Total Gross Profit	30	116	218	235	112	121	242	406	436
Total Revenue	155	341	544	628	349	439	688	1,097	1,130
Operating Revenue	155	341	544	628	349	439	688	1,097	1,130
Total Cost of Revenue	125	225	326	394	237	317	446	691	693
Operating Cost of Revenue	125	225	326	394	237	317	446	691	693
Total Operating Expenses	19	27	41	52	42	46	68	142	147
Selling, General & Admin Expense	19	27	41	52	40	46	68	127	130
Other Operating Expenses / (Income)	-	-	0.00	0.00	1.86	0.00	0.00	15	16
Total Other Income / (Expense), net	-18	-21	-7.90	5.17	0.15	-0.28	1.80	-1.99	9.66
Interest & Investment Income	-	-21	-3.60	0.88	0.70	-0.77	3.71	-6.48	6.46
Other Income / (Expense), net	2.25	0.00	-4.31	4.29	-0.56	0.49	-1.91	4.49	3.20
Income Tax Expense	0.81	1.55	20	32	11	7.68	31	48	67
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	85	71	25	18	35	46	47
Basic Earnings per Share	-	$0.00	$1.60	$0.00	$0.73	$0.90	$1.83	$2.62	$2.79
Weighted Average Basic Shares Outstanding	-	0.00	32.33M	44.98M	47.46M	55.40M	60.32M	64.64M	66.39M
Diluted Earnings per Share	-	$0.00	$1.58	$0.00	$0.72	$0.83	$1.80	$2.57	$2.77
Weighted Average Diluted Shares Outstanding	-	0.00	32.70M	0.00	75.50M	76.11M	76.34M	79.46M	79.92M
Weighted Average Basic & Diluted Shares Outstanding	-	-	32.30M	75.30M	75.55M	75.71M	79.11M	79.36M	79.58M
Cash Dividends to Common per Share	-	-	-	$0.09	$0.36	$0.38	$0.44	$0.46	$0.50

This table shows Cactus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	31	31	43	25	53	49	39	50	50	47
Consolidated Net Income / (Loss)	42	41	52	32	68	62	50	63	62	57
Net Income / (Loss) Continuing Operations	42	41	52	32	68	62	50	63	62	57
Total Pre-Tax Income	54	49	54	43	86	79	63	81	79	76
Total Operating Income	51	48	50	49	88	79	63	80	77	70
Total Gross Profit	67	71	80	105	112	110	105	114	114	103
Total Revenue	184	188	228	306	288	275	274	290	293	272
Operating Revenue	184	188	228	306	288	275	274	290	293	272
Total Cost of Revenue	117	117	149	201	176	165	169	176	179	169
Operating Cost of Revenue	117	117	149	201	176	165	169	176	179	169
Total Operating Expenses	16	23	30	56	24	31	43	34	38	32
Selling, General & Admin Expense	16	23	30	38	30	30	29	31	37	32
Total Other Income / (Expense), net	2.27	0.45	4.54	-5.93	-1.11	0.50	0.69	1.41	2.06	5.51
Interest & Investment Income	1.14	2.37	1.00	-5.93	-1.37	-0.18	0.69	1.41	2.06	2.30
Other Income / (Expense), net	1.13	-1.92	3.54	0.00	0.27	0.69	0.00	0.00	0.00	3.20
Income Tax Expense	12	7.93	1.94	10	18	17	13	18	16	19
Net Income / (Loss) Attributable to Noncontrolling Interest	10	9.75	9.39	7.71	15	13	11	13	13	11
Basic Earnings per Share	$0.52	$0.51	$0.67	$0.38	$0.81	$0.76	$0.00	$0.75	$0.75	$1.29
Weighted Average Basic Shares Outstanding	60.67M	60.32M	63.74M	64.57M	64.88M	64.64M	0.00	66.14M	66.56M	66.39M
Diluted Earnings per Share	$0.51	$0.51	$0.63	$0.38	$0.80	$0.76	$0.00	$0.75	$0.00	$2.02
Weighted Average Diluted Shares Outstanding	61.11M	76.34M	79.16M	65.00M	65.49M	79.46M	0.00	66.58M	80.19M	79.92M
Weighted Average Basic & Diluted Shares Outstanding	75.88M	79.11M	79.43M	79.43M	79.43M	79.36M	79.55M	79.56M	79.58M	79.58M

This table details how cash moves in and out of Cactus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-3.84	-1.11	64	132	86	13	43	-211	209
Net Cash From Operating Activities	24	35	167	210	143	64	118	340	316
Net Cash From Continuing Operating Activities	24	35	167	210	143	64	118	340	316
Net Income / (Loss) Continuing Operations	-8.18	67	150	156	59	67	145	215	233
Consolidated Net Income / (Loss)	-8.18	67	150	156	59	67	145	215	233
Depreciation Expense	21	23	30	39	41	36	34	65	60
Amortization Expense	1.78	1.75	0.28	0.17	0.17	0.17	0.17	4.51	1.12
Non-Cash Adjustments To Reconcile Net Income	0.55	1.69	11	-4.53	-2.35	0.44	2.63	18	-29
Changes in Operating Assets and Liabilities, net	8.58	-59	-25	19	46	-41	-64	37	51
Net Cash From Investing Activities	-17	-31	-68	-56	-18	-12	-26	-655	-35
Net Cash From Continuing Investing Activities	-17	-31	-68	-56	-18	-12	-26	-655	-35
Purchase of Property, Plant & Equipment	-22	-32	-70	-60	-24	-14	-28	-44	-39
Acquisitions	-	-	-	-	-	0.00	0.00	-616	0.00
Sale of Property, Plant & Equipment	4.36	1.40	1.90	3.76	6.35	2.31	2.76	5.37	3.79
Net Cash From Financing Activities	-10	-5.31	-35	-22	-40	-39	-47	103	-70
Net Cash From Continuing Financing Activities	-10	-5.31	-35	-22	-40	-39	-47	103	-70
Repayment of Debt	-8.12	-5.31	-256	-	0.00	0.00	-0.35	-162	0.00
Repurchase of Common Equity	-	0.00	0.00	-1.55	-1.45	-3.28	-4.56	-5.25	-9.33
Payment of Dividends	-2.06	0.00	-32	-13	-33	-31	-36	-47	-47
Issuance of Debt	-	-	-	-	-	0.00	0.00	155	0.00
Issuance of Common Equity	-	0.00	828	-	-	0.00	0.00	170	0.00
Other Financing Activities, net	-	0.00	-576	-7.48	-5.32	-5.21	-6.06	-7.65	-14
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	0.50	-1.53

This table details how cash moves in and out of Cactus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	8.94	24	-269	-12	-0.17	70	60	52	57	39
Net Cash From Operating Activities	30	39	60	108	80	92	86	78	85	67
Net Cash From Continuing Operating Activities	30	39	60	108	80	92	86	78	85	67
Net Income / (Loss) Continuing Operations	42	41	52	32	68	62	50	63	62	57
Consolidated Net Income / (Loss)	42	41	52	32	68	62	50	63	62	57
Depreciation Expense	8.40	8.13	13	22	15	15	15	15	15	15
Amortization Expense	0.05	0.03	0.29	3.25	0.64	0.33	0.28	0.28	0.28	0.28
Non-Cash Adjustments To Reconcile Net Income	2.61	-6.79	-0.41	8.02	5.96	4.85	5.45	-8.40	-9.98	-16
Changes in Operating Assets and Liabilities, net	-22	-2.83	-4.82	42	-9.69	9.56	16	8.02	17	9.71
Net Cash From Investing Activities	-6.62	-6.04	-633	-6.37	-5.72	-9.55	-6.81	-7.25	-10.00	-11
Net Cash From Continuing Investing Activities	-6.62	-6.04	-633	-6.37	-5.72	-9.55	-6.81	-7.25	-10.00	-11
Sale of Property, Plant & Equipment	0.83	1.05	1.63	1.41	1.31	1.03	1.09	2.22	-0.33	0.80
Net Cash From Financing Activities	-13	-10	303	-112	-74	-13	-20	-17	-19	-14
Net Cash From Continuing Financing Activities	-13	-10	303	-112	-74	-13	-20	-17	-19	-14
Repurchase of Common Equity	-	-0.07	-4.34	-0.26	-	-0.65	-8.27	-0.22	-0.83	-0.01
Payment of Dividends	-11	-8.39	-9.00	-10	-17	-11	-9.83	-15	-11	-12
Other Financing Activities, net	-1.52	-1.55	-1.71	-1.89	-1.99	-2.07	-2.03	-1.92	-7.89	-2.00
Effect of Exchange Rate Changes	-1.80	-	0.42	-	-	1.30	1.14	-	-	-2.07

This table presents Cactus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	266	585	835	816	982	1,119	1,523	1,739
Total Current Assets	164	275	415	425	518	655	556	775
Cash & Equivalents	7.57	71	203	289	302	345	134	343
Accounts Receivable	84	92	88	44	89	138	205	192
Inventories, net	64	100	113	87	120	161	206	227
Prepaid Expenses	7.73	12	11	4.94	7.79	11	11	13
Plant, Property, & Equipment, net	95	142	162	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	7.87	168	258	390	464	464	966	965
Goodwill	7.82	7.82	7.82	7.82	7.82	7.82	203	203
Intangible Assets	-	-	-	-	-	0.00	180	164
Noncurrent Deferred & Refundable Income Taxes	-	159	223	217	303	302	205	219
Other Noncurrent Operating Assets	0.05	1.31	28	166	153	155	379	379
Total Liabilities & Shareholders' Equity	266	585	835	816	982	1,119	1,523	1,739
Total Liabilities	303	222	319	265	387	408	458	475
Total Current Liabilities	53	75	91	49	93	117	176	179
Short-Term Debt	7.24	7.35	-	3.82	4.87	0.00	21	0.00
Accounts Payable	35	42	41	20	43	48	72	72
Accrued Expenses	11	16	22	11	28	31	51	75
Other Current Liabilities	-	9.57	28	14	17	38	32	31
Total Noncurrent Liabilities	250	148	227	216	294	292	282	296
Capital Lease Obligations	7.95	8.74	3.91	2.24	5.81	6.44	9.35	11
Noncurrent Deferred & Payable Income Tax Liabilities	0.42	139	1.35	0.79	1.17	1.97	3.59	2.87
Other Noncurrent Operating Liabilities	-	0.00	222	213	287	283	269	283
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-36	362	516	551	595	710	1,065	1,264
Total Preferred & Common Equity	-36	178	327	353	469	572	866	1,071
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-36	178	327	353	469	572	866	1,071
Common Stock	-36	127	195	203	290	311	466	521
Retained Earnings	-	52	133	150	178	262	401	552
Accumulated Other Comprehensive Income / (Loss)	0.08	-0.82	-0.45	0.33	0.01	-0.98	-0.83	-2.49
Noncontrolling Interest	-	185	189	198	126	139	199	193

This table presents Cactus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,095	1,520	1,476	1,464	1,576	1,626	1,682
Total Current Assets	627	527	499	493	617	669	730
Cash & Equivalents	321	75	64	64	194	247	303
Accounts Receivable	132	209	215	206	208	205	197
Inventories, net	163	233	209	204	204	207	220
Prepaid Expenses	12	9.99	11	19	11	11	10
Plant, Property, & Equipment, net	0.00	351	0.00	0.00	345	0.00	0.00
Total Noncurrent Assets	468	642	977	971	614	957	952
Goodwill	7.82	201	203	201	203	203	203
Intangible Assets	-	197	188	184	176	172	168
Noncurrent Deferred & Refundable Income Taxes	307	211	210	212	201	206	204
Other Noncurrent Operating Assets	154	32	377	375	34	376	377
Total Liabilities & Shareholders' Equity	1,095	1,520	1,476	1,464	1,576	1,626	1,682
Total Liabilities	420	594	524	454	475	472	469
Total Current Liabilities	132	187	181	177	191	179	191
Short-Term Debt	5.76	47	25	19	41	37	0.00
Accounts Payable	62	57	64	65	66	64	75
Accrued Expenses	32	51	53	61	58	61	79
Other Current Liabilities	32	32	39	33	25	17	37
Total Noncurrent Liabilities	287	408	343	277	285	293	278
Capital Lease Obligations	6.84	8.90	8.61	9.24	9.53	9.37	11
Noncurrent Deferred & Payable Income Tax Liabilities	2.10	264	1.05	1.47	254	262	245
Other Noncurrent Operating Liabilities	278	23	303	266	21	21	23
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	676	926	953	1,010	1,101	1,155	1,212
Total Preferred & Common Equity	544	737	761	821	893	955	1,003
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	544	737	761	821	893	955	1,003
Common Stock	308	440	447	463	463	483	489
Retained Earnings	238	298	315	360	432	473	514
Accumulated Other Comprehensive Income / (Loss)	-1.62	-0.76	-1.10	-1.65	-1.46	-1.34	-0.74
Noncontrolling Interest	131	189	192	189	207	200	209

This table displays calculated financial ratios and metrics derived from Cactus' official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	120.06%	59.48%	15.49%	-44.53%	25.83%	56.95%	59.36%	3.00%
EBITDA Growth	0.00%	217.37%	78.97%	11.11%	-51.35%	2.02%	84.28%	63.39%	4.72%
EBIT Growth	0.00%	590.68%	95.13%	8.10%	-62.93%	9.26%	127.66%	55.55%	8.91%
NOPAT Growth	0.00%	1,068.72%	81.10%	-3.35%	-61.13%	14.61%	112.10%	50.70%	4.05%
Net Income Growth	0.00%	913.93%	125.83%	4.01%	-62.12%	13.94%	115.09%	48.04%	8.34%
EPS Growth	0.00%	0.00%	0.00%	-100.00%	0.00%	15.28%	116.87%	42.78%	7.78%
Operating Cash Flow Growth	0.00%	44.76%	381.69%	25.39%	-31.60%	-55.53%	84.89%	188.66%	-7.10%
Free Cash Flow Firm Growth	0.00%	0.00%	149.62%	126.95%	-23.45%	-70.67%	136.47%	-594.27%	168.36%
Invested Capital Growth	0.00%	0.00%	44.52%	3.29%	-15.59%	13.37%	22.47%	158.13%	-3.05%
Revenue Q/Q Growth	0.00%	0.00%	6.88%	0.07%	-17.15%	16.41%	9.18%	8.62%	-0.24%
EBITDA Q/Q Growth	0.00%	0.00%	6.51%	-0.33%	-23.46%	20.04%	9.51%	13.39%	-1.44%
EBIT Q/Q Growth	0.00%	0.00%	6.66%	-1.58%	-31.83%	33.83%	12.12%	13.96%	-1.87%
NOPAT Q/Q Growth	0.00%	0.00%	7.66%	-7.26%	-26.03%	22.45%	17.48%	10.89%	-3.63%
Net Income Q/Q Growth	0.00%	0.00%	11.81%	-4.53%	-29.80%	26.77%	16.32%	11.03%	-1.95%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-100.00%	192.31%	336.84%	-15.09%	10.78%	83.44%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	21.54%	8.61%	-21.62%	-13.81%	30.58%	18.20%	-7.35%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	10.18%	-21.97%	-32.07%	98.41%	9.55%	-11.83%
Invested Capital Q/Q Growth	0.00%	0.00%	2.84%	-4.94%	-2.45%	7.31%	1.29%	-1.37%	1.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	19.23%	34.01%	40.11%	37.37%	32.02%	27.69%	35.22%	37.04%	38.63%
EBITDA Margin	23.14%	33.38%	37.46%	36.04%	31.61%	25.63%	30.09%	30.85%	31.37%
Operating Margin	6.85%	26.04%	32.66%	29.14%	20.09%	17.20%	25.39%	24.10%	25.63%
EBIT Margin	8.30%	26.04%	31.87%	29.83%	19.93%	17.31%	25.11%	24.51%	25.92%
Profit (Net Income) Margin	-5.27%	19.50%	27.62%	24.87%	16.99%	15.38%	21.08%	19.59%	20.60%
Tax Burden Percent	110.98%	97.73%	88.50%	83.00%	84.37%	89.79%	82.20%	81.88%	77.77%
Interest Burden Percent	-57.26%	76.63%	97.93%	100.47%	101.01%	98.98%	102.15%	97.59%	102.21%
Effective Tax Rate	0.00%	2.27%	11.50%	17.00%	15.63%	10.21%	17.80%	18.12%	22.23%
Return on Invested Capital (ROIC)	0.00%	81.61%	60.44%	48.62%	20.17%	23.67%	42.47%	32.47%	23.80%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	65.31%	53.25%	45.23%	20.12%	23.76%	42.00%	33.20%	20.35%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-449.10%	31.72%	-13.05%	-9.07%	-11.89%	-20.24%	-8.26%	-3.81%
Return on Equity (ROE)	0.00%	-367.49%	92.17%	35.58%	11.10%	11.78%	22.23%	24.20%	19.99%
Cash Return on Invested Capital (CROIC)	0.00%	-118.39%	24.03%	45.38%	37.08%	11.13%	22.27%	-55.84%	26.89%
Operating Return on Assets (OROA)	0.00%	33.35%	40.74%	26.41%	8.42%	8.45%	16.45%	20.36%	17.95%
Return on Assets (ROA)	0.00%	24.97%	35.31%	22.02%	7.18%	7.51%	13.81%	16.27%	14.27%
Return on Common Equity (ROCE)	0.00%	-367.49%	39.97%	20.45%	7.08%	8.44%	17.72%	19.60%	16.62%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-183.75%	84.59%	47.73%	16.78%	14.40%	25.37%	24.82%	21.73%
Net Operating Profit after Tax (NOPAT)	7.43	87	157	152	59	68	144	216	225
NOPAT Margin	4.79%	25.45%	28.90%	24.19%	16.95%	15.44%	20.87%	19.73%	19.94%
Net Nonoperating Expense Percent (NNEP)	0.00%	16.30%	7.20%	3.39%	0.05%	-0.09%	0.47%	-0.74%	3.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	20.04%	19.77%	17.67%
Cost of Revenue to Revenue	80.77%	65.99%	59.89%	62.64%	67.98%	72.31%	64.78%	62.96%	61.37%
SG&A Expenses to Revenue	12.39%	7.97%	7.45%	8.22%	11.39%	10.49%	9.83%	11.58%	11.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.39%	7.97%	7.45%	8.22%	11.93%	10.49%	9.83%	12.94%	12.99%
Earnings before Interest and Taxes (EBIT)	13	89	173	187	69	76	173	269	293
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	36	114	204	226	110	112	207	338	354
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	11.00	7.52	5.40	6.02	6.54	4.13	4.34
Price to Tangible Book Value (P/TBV)	0.00	0.00	11.51	7.70	5.52	6.13	6.63	7.41	6.60
Price to Revenue (P/Rev)	2.82	1.28	3.59	3.92	5.47	6.44	5.43	3.26	4.11
Price to Earnings (P/E)	0.00	0.00	37.82	28.76	55.33	56.92	33.94	21.12	25.05
Dividend Yield	0.00%	0.00%	0.00%	0.27%	1.42%	1.02%	0.89%	1.02%	0.86%
Earnings Yield	0.00%	0.00%	2.64%	3.48%	1.81%	1.76%	2.95%	4.73%	3.99%
Enterprise Value to Invested Capital (EV/IC)	0.00	3.22	6.78	7.72	6.79	8.74	9.50	3.82	4.83
Enterprise Value to Revenue (EV/Rev)	0.00	2.01	3.83	3.90	5.22	6.06	5.14	3.34	3.99
Enterprise Value to EBITDA (EV/EBITDA)	0.00	6.02	10.23	10.83	16.53	23.65	17.09	10.84	12.71
Enterprise Value to EBIT (EV/EBIT)	0.00	7.72	12.02	13.08	26.21	35.02	20.48	13.65	15.39
Enterprise Value to NOPAT (EV/NOPAT)	0.00	7.90	13.26	16.13	30.82	39.25	24.64	16.95	20.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	19.77	12.47	11.70	12.70	41.69	30.02	10.78	14.25
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	33.35	17.28	16.77	83.45	46.98	0.00	17.70
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	-7.09	0.04	0.01	0.01	0.02	0.01	0.03	0.01
Long-Term Debt to Equity	0.00	-6.89	0.02	0.01	0.00	0.01	0.01	0.01	0.01
Financial Leverage	0.00	-6.88	0.60	-0.29	-0.45	-0.50	-0.48	-0.25	-0.19
Leverage Ratio	0.00	-7.36	2.61	1.62	1.55	1.57	1.61	1.49	1.40
Compound Leverage Factor	0.00	-5.64	2.56	1.62	1.56	1.55	1.64	1.45	1.43
Debt to Total Capital	0.00%	116.43%	4.25%	0.75%	1.09%	1.76%	0.90%	2.75%	0.83%
Short-Term Debt to Total Capital	0.00%	3.28%	1.94%	0.00%	0.69%	0.80%	0.00%	1.90%	0.00%
Long-Term Debt to Total Capital	0.00%	113.15%	2.31%	0.75%	0.40%	0.96%	0.90%	0.85%	0.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	48.80%	36.31%	35.52%	20.87%	19.32%	18.20%	15.15%
Common Equity to Total Capital	0.00%	-16.43%	46.95%	62.94%	63.39%	77.37%	79.78%	79.05%	84.03%
Debt to EBITDA	0.00	2.25	0.08	0.02	0.06	0.10	0.03	0.09	0.03
Net Debt to EBITDA	0.00	2.19	-0.27	-0.88	-2.57	-2.59	-1.63	-0.31	-0.94
Long-Term Debt to EBITDA	0.00	2.19	0.04	0.02	0.02	0.05	0.03	0.03	0.03
Debt to NOPAT	0.00	2.96	0.10	0.03	0.10	0.16	0.04	0.14	0.05
Net Debt to NOPAT	0.00	2.87	-0.35	-1.31	-4.78	-4.30	-2.35	-0.48	-1.48
Long-Term Debt to NOPAT	0.00	2.87	0.06	0.03	0.04	0.09	0.04	0.04	0.05
Altman Z-Score	0.00	3.75	7.72	6.82	5.84	5.85	7.52	6.66	7.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	56.63%	42.52%	36.24%	28.29%	20.29%	19.03%	16.84%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	3.10	3.68	4.55	8.69	5.60	5.61	3.17	4.33
Quick Ratio	0.00	1.74	2.19	3.19	6.80	4.22	4.14	1.93	2.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-126	63	142	109	32	75	-372	255
Operating Cash Flow to CapEx	138.12%	113.13%	245.30%	374.69%	790.10%	548.09%	461.64%	881.46%	893.28%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.28	1.28	0.89	0.42	0.49	0.66	0.83	0.69
Accounts Receivable Turnover	0.00	4.05	6.17	6.98	5.28	6.58	6.05	6.38	5.69
Inventory Turnover	0.00	3.49	3.97	3.69	2.36	3.06	3.17	3.76	3.21
Fixed Asset Turnover	0.00	3.60	4.60	4.14	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	6.42	8.45	9.48	7.75	10.07	9.84	11.55	9.64
Days Sales Outstanding (DSO)	0.00	90.05	59.18	52.31	69.08	55.46	60.31	57.17	64.13
Days Inventory Outstanding (DIO)	0.00	104.48	92.00	98.86	154.70	119.29	115.04	96.95	113.81
Days Payable Outstanding (DPO)	0.00	56.87	43.19	38.49	47.08	36.24	37.08	31.61	37.86
Cash Conversion Cycle (CCC)	0.00	137.66	107.99	112.68	176.70	138.50	138.28	122.52	140.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	213	308	318	268	304	372	961	932
Invested Capital Turnover	0.00	3.21	2.09	2.01	1.19	1.53	2.04	1.65	1.19
Increase / (Decrease) in Invested Capital	0.00	213	95	10	-50	36	68	589	-29
Enterprise Value (EV)	0.00	686	2,085	2,452	1,821	2,658	3,539	3,669	4,505
Market Capitalization	437	437	1,955	2,462	1,906	2,823	3,739	3,574	4,645
Book Value per Share	$0.00	($1.57)	$2.37	$4.36	$4.68	$6.19	$7.54	$10.90	$13.46
Tangible Book Value per Share	$0.00	($1.91)	$2.27	$4.26	$4.58	$6.09	$7.43	$6.07	$8.85
Total Capital	0.00	220	378	520	557	606	717	1,095	1,275
Total Debt	0.00	257	16	3.91	6.06	11	6.44	30	11
Total Long-Term Debt	0.00	249	8.74	3.91	2.24	5.81	6.44	9.35	11
Net Debt	0.00	249	-55	-199	-283	-291	-338	-104	-332
Capital Expenditures (CapEx)	17	31	68	56	18	12	26	39	35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	111	136	121	91	129	193	268	253
Debt-free Net Working Capital (DFNWC)	0.00	118	207	324	380	431	538	401	596
Net Working Capital (NWC)	0.00	111	200	324	376	426	538	381	596
Net Nonoperating Expense (NNE)	16	20	6.99	-4.29	-0.12	0.25	-1.48	1.63	-7.52
Net Nonoperating Obligations (NNO)	0.00	249	-55	-199	-283	-291	-338	-104	-332
Total Depreciation and Amortization (D&A)	23	25	30	39	41	36	34	70	62
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	32.45%	25.07%	19.28%	26.22%	29.44%	28.11%	24.39%	22.39%
Debt-free Net Working Capital to Revenue	0.00%	34.67%	38.09%	51.52%	109.03%	98.22%	78.15%	36.59%	52.74%
Net Working Capital to Revenue	0.00%	32.55%	36.73%	51.52%	107.94%	97.11%	78.15%	34.69%	52.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.60	$1.90	$0.73	$0.00	$0.00	$2.62	$2.79
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	32.33M	44.98M	47.46M	55.40M	0.00	64.64M	66.39M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.58	$1.88	$0.72	$0.00	$0.00	$2.57	$2.77
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	32.70M	75.35M	75.50M	0.00	0.00	79.46M	79.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	75.11M	75.30M	75.55M	75.71M	79.11M	79.36M	79.58M
Normalized Net Operating Profit after Tax (NOPAT)	7.43	87	157	152	59	68	144	216	225
Normalized NOPAT Margin	4.79%	25.45%	28.90%	24.19%	16.95%	15.44%	20.87%	19.73%	19.94%
Pre Tax Income Margin	-4.75%	19.96%	31.21%	29.97%	20.14%	17.13%	25.65%	23.92%	26.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-0.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-0.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-25.13%	0.00%	21.19%	8.08%	56.48%	45.80%	25.09%	21.77%	20.18%
Augmented Payout Ratio	-25.13%	0.00%	21.19%	9.08%	58.92%	50.66%	28.23%	24.21%	24.19%

This table displays calculated financial ratios and metrics derived from Cactus' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	59.91%	44.53%	56.55%	79.67%	56.04%	46.38%	20.02%	-5.05%	1.84%	-1.00%
EBITDA Growth	103.33%	49.29%	72.64%	38.52%	70.31%	73.38%	16.88%	29.05%	-11.11%	-5.49%
EBIT Growth	152.44%	67.67%	78.16%	9.68%	67.62%	71.14%	17.52%	64.50%	-12.61%	-7.05%
NOPAT Growth	128.16%	111.57%	69.97%	4.05%	73.24%	52.81%	2.84%	67.59%	-11.74%	-13.61%
Net Income Growth	141.72%	99.87%	93.07%	-9.28%	63.82%	52.37%	-4.73%	94.27%	-8.21%	-7.45%
EPS Growth	0.00%	-38.55%	85.29%	-13.64%	56.86%	49.02%	-100.00%	97.37%	-100.00%	165.79%
Operating Cash Flow Growth	243.11%	236.44%	251.34%	248.41%	163.59%	133.40%	42.67%	-27.86%	6.51%	-27.36%
Free Cash Flow Firm Growth	-594.23%	-66.46%	-1,999.82%	-1,267.75%	-1,107.94%	-1,785.92%	117.24%	110.42%	121.52%	115.66%
Invested Capital Growth	29.75%	22.47%	208.60%	176.24%	165.07%	158.13%	-6.00%	0.27%	-5.64%	-3.05%
Revenue Q/Q Growth	8.38%	1.79%	21.64%	33.89%	-5.87%	-4.52%	-0.27%	5.93%	0.96%	-7.18%
EBITDA Q/Q Growth	14.42%	-10.52%	22.33%	10.60%	40.68%	-8.91%	-17.53%	22.12%	-3.10%	-3.15%
EBIT Q/Q Growth	18.49%	-11.67%	14.96%	-8.84%	81.09%	-9.82%	-21.06%	27.61%	-3.79%	-4.08%
NOPAT Q/Q Growth	11.90%	1.50%	18.70%	-22.82%	86.30%	-10.47%	-20.11%	25.77%	-1.88%	-12.37%
Net Income Q/Q Growth	16.04%	-1.88%	28.35%	-37.92%	109.55%	-8.74%	-19.75%	26.59%	-0.99%	-7.99%
EPS Q/Q Growth	15.91%	0.00%	23.53%	-39.68%	110.53%	-5.00%	-100.00%	0.00%	-100.00%	0.00%
Operating Cash Flow Q/Q Growth	-2.04%	29.28%	53.93%	78.72%	-25.89%	14.48%	-5.91%	-9.63%	9.42%	-21.93%
Free Cash Flow Firm Q/Q Growth	-6.77%	37.24%	-2,191.26%	10.92%	5.70%	2.02%	120.66%	-46.16%	94.75%	-28.67%
Invested Capital Q/Q Growth	6.66%	1.29%	173.47%	-6.50%	2.35%	-1.37%	-1.16%	-0.26%	-3.68%	1.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.46%	37.87%	34.85%	34.25%	38.93%	39.99%	38.40%	39.23%	38.99%	37.81%
EBITDA Margin	32.99%	29.01%	29.17%	24.10%	36.01%	34.36%	28.41%	32.75%	31.43%	32.80%
Operating Margin	27.81%	25.68%	21.75%	15.87%	30.43%	28.58%	22.82%	27.49%	26.19%	25.89%
EBIT Margin	28.42%	24.66%	23.30%	15.87%	30.52%	28.83%	22.82%	27.49%	26.19%	27.07%
Profit (Net Income) Margin	22.51%	21.70%	22.89%	10.61%	23.63%	22.58%	18.17%	21.72%	21.30%	21.11%
Tax Burden Percent	77.52%	83.70%	96.42%	76.21%	78.64%	78.52%	78.77%	77.64%	79.18%	75.63%
Interest Burden Percent	102.17%	105.12%	101.88%	87.78%	98.44%	99.77%	101.10%	101.76%	102.69%	103.13%
Effective Tax Rate	22.48%	16.30%	3.58%	23.79%	21.36%	21.48%	21.23%	22.36%	20.82%	24.37%
Return on Invested Capital (ROIC)	41.76%	43.75%	23.99%	16.90%	36.01%	36.92%	20.79%	25.23%	24.80%	23.37%
ROIC Less NNEP Spread (ROIC-NNEP)	41.18%	43.63%	19.44%	19.92%	36.52%	36.74%	18.67%	24.14%	23.81%	21.46%
Return on Net Nonoperating Assets (RNNOA)	-19.82%	-21.03%	-2.43%	-3.74%	-7.44%	-9.14%	-0.47%	-2.30%	-3.52%	-4.02%
Return on Equity (ROE)	21.93%	22.73%	21.56%	13.16%	28.57%	27.78%	20.32%	22.93%	21.29%	19.36%
Cash Return on Invested Capital (CROIC)	11.67%	22.27%	-77.79%	-68.10%	-61.34%	-55.84%	28.15%	25.10%	30.48%	26.89%
Operating Return on Assets (OROA)	17.40%	16.16%	14.11%	11.30%	24.09%	23.94%	16.84%	19.97%	18.86%	18.75%
Return on Assets (ROA)	13.78%	14.22%	13.86%	7.56%	18.65%	18.76%	13.41%	15.78%	15.33%	14.62%
Return on Common Equity (ROCE)	17.49%	18.11%	17.20%	10.54%	23.14%	22.49%	16.35%	18.66%	17.47%	16.09%
Return on Equity Simple (ROE_SIMPLE)	22.92%	0.00%	23.10%	21.95%	23.57%	0.00%	23.77%	25.45%	23.67%	0.00%
Net Operating Profit after Tax (NOPAT)	40	40	48	37	69	62	49	62	61	53
NOPAT Margin	21.55%	21.50%	20.98%	12.09%	23.93%	22.44%	17.97%	21.34%	20.74%	19.58%
Net Nonoperating Expense Percent (NNEP)	0.58%	0.12%	4.54%	-3.01%	-0.51%	0.18%	2.13%	1.09%	0.99%	1.91%
Return On Investment Capital (ROIC_SIMPLE)	-	5.63%	-	-	-	5.63%	-	-	-	4.18%
Cost of Revenue to Revenue	63.54%	62.13%	65.15%	65.75%	61.07%	60.01%	61.60%	60.77%	61.01%	62.19%
SG&A Expenses to Revenue	8.66%	12.19%	13.09%	12.45%	10.26%	10.75%	10.73%	10.75%	12.75%	11.92%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.66%	12.19%	13.09%	18.38%	8.50%	11.41%	15.59%	11.74%	12.79%	11.92%
Earnings before Interest and Taxes (EBIT)	52	46	53	49	88	79	63	80	77	74
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	61	54	67	74	104	94	78	95	92	89
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.29	6.54	4.38	4.37	4.81	4.13	4.45	4.39	4.73	4.34
Price to Tangible Book Value (P/TBV)	5.37	6.63	9.51	8.99	9.05	7.41	7.73	7.24	7.51	6.60
Price to Revenue (P/Rev)	4.57	5.43	4.18	3.67	3.91	3.26	3.48	3.72	4.19	4.11
Price to Earnings (P/E)	30.56	33.94	24.35	25.58	26.11	21.12	24.06	22.05	25.30	25.05
Dividend Yield	1.13%	0.89%	1.08%	1.05%	0.91%	1.02%	0.94%	0.91%	0.82%	0.86%
Earnings Yield	3.27%	2.95%	4.11%	3.91%	3.83%	4.73%	4.16%	4.54%	3.95%	3.99%
Enterprise Value to Invested Capital (EV/IC)	7.35	9.50	3.44	3.70	4.21	3.82	4.22	4.40	5.07	4.83
Enterprise Value to Revenue (EV/Rev)	4.29	5.14	4.55	3.88	4.06	3.34	3.53	3.72	4.12	3.99
Enterprise Value to EBITDA (EV/EBITDA)	14.29	17.09	14.91	13.76	13.74	10.84	11.55	11.31	12.97	12.71
Enterprise Value to EBIT (EV/EBIT)	17.53	20.48	17.87	17.55	17.39	13.65	14.52	13.56	15.63	15.39
Enterprise Value to NOPAT (EV/NOPAT)	22.10	24.64	21.39	21.21	21.01	16.95	18.62	17.35	19.95	20.00
Enterprise Value to Operating Cash Flow (EV/OCF)	29.93	30.02	21.76	14.77	14.25	10.78	11.03	12.49	13.67	14.25
Enterprise Value to Free Cash Flow (EV/FCFF)	71.18	46.98	0.00	0.00	0.00	0.00	14.53	17.54	16.16	17.70
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.01	0.18	0.07	0.03	0.03	0.05	0.04	0.01	0.01
Long-Term Debt to Equity	0.01	0.01	0.13	0.04	0.01	0.01	0.01	0.01	0.01	0.01
Financial Leverage	-0.48	-0.48	-0.13	-0.19	-0.20	-0.25	-0.03	-0.10	-0.15	-0.19
Leverage Ratio	1.64	1.61	1.65	1.60	1.52	1.49	1.53	1.47	1.42	1.40
Compound Leverage Factor	1.68	1.69	1.68	1.40	1.49	1.48	1.54	1.50	1.45	1.44
Debt to Total Capital	1.83%	0.90%	15.35%	6.23%	2.71%	2.75%	4.41%	3.86%	0.87%	0.83%
Short-Term Debt to Total Capital	0.84%	0.00%	4.30%	2.43%	1.82%	1.90%	3.59%	3.08%	0.00%	0.00%
Long-Term Debt to Total Capital	0.99%	0.90%	11.05%	3.80%	0.89%	0.85%	0.83%	0.78%	0.87%	0.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	19.09%	19.32%	17.24%	18.89%	18.21%	18.20%	18.00%	16.66%	17.11%	15.15%
Common Equity to Total Capital	79.08%	79.78%	67.41%	74.88%	79.08%	79.05%	77.59%	79.48%	82.02%	84.03%
Debt to EBITDA	0.07	0.03	0.71	0.25	0.09	0.09	0.15	0.12	0.03	0.03
Net Debt to EBITDA	-1.63	-1.63	0.39	0.00	-0.12	-0.31	-0.41	-0.54	-0.81	-0.94
Long-Term Debt to EBITDA	0.04	0.03	0.51	0.15	0.03	0.03	0.03	0.03	0.03	0.03
Debt to NOPAT	0.10	0.04	1.02	0.38	0.14	0.14	0.23	0.19	0.05	0.05
Net Debt to NOPAT	-2.52	-2.35	0.56	0.00	-0.18	-0.48	-0.66	-0.83	-1.25	-1.48
Long-Term Debt to NOPAT	0.06	0.04	0.74	0.23	0.05	0.04	0.04	0.04	0.05	0.05
Altman Z-Score	5.70	7.15	4.42	5.09	6.71	6.24	6.58	6.96	7.70	7.51
Noncontrolling Interest Sharing Ratio	20.25%	20.29%	20.21%	19.95%	19.01%	19.03%	19.53%	18.60%	17.92%	16.84%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.74	5.61	2.83	2.76	2.78	3.17	3.24	3.75	3.82	4.33
Quick Ratio	3.42	4.14	1.53	1.54	1.52	1.93	2.11	2.53	2.62	2.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-45	-28	-640	-570	-538	-527	110	59	116	83
Operating Cash Flow to CapEx	0.00%	0.00%	422.96%	1,697.13%	0.00%	0.00%	0.00%	0.00%	26,165.64%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.61	0.66	0.61	0.71	0.79	0.83	0.74	0.73	0.72	0.69
Accounts Receivable Turnover	5.97	6.05	4.92	5.33	5.98	6.38	5.48	5.37	5.62	5.69
Inventory Turnover	3.19	3.17	2.68	3.26	3.51	3.76	3.26	3.30	3.26	3.21
Fixed Asset Turnover	0.00	0.00	3.19	0.00	0.00	0.00	3.28	0.00	0.00	0.00
Accounts Payable Turnover	7.95	9.84	9.15	9.65	10.07	11.55	11.57	10.78	9.84	9.64
Days Sales Outstanding (DSO)	61.12	60.31	74.26	68.53	61.08	57.17	66.61	67.94	64.96	64.13
Days Inventory Outstanding (DIO)	114.49	115.04	136.27	112.05	104.05	96.95	112.13	110.69	112.10	113.81
Days Payable Outstanding (DPO)	45.91	37.08	39.87	37.81	36.26	31.61	31.56	33.87	37.10	37.86
Cash Conversion Cycle (CCC)	129.70	138.28	170.65	142.77	128.88	122.52	147.18	144.75	139.96	140.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	368	372	1,018	952	974	961	957	955	920	932
Invested Capital Turnover	1.94	2.04	1.14	1.40	1.50	1.65	1.16	1.18	1.20	1.19
Increase / (Decrease) in Invested Capital	84	68	688	607	607	589	-61	2.54	-55	-29
Enterprise Value (EV)	2,702	3,539	3,507	3,518	4,102	3,669	4,039	4,196	4,664	4,505
Market Capitalization	2,879	3,739	3,226	3,327	3,948	3,574	3,975	4,196	4,747	4,645
Book Value per Share	$7.17	$7.54	$9.32	$9.58	$10.34	$10.90	$11.26	$12.00	$12.61	$13.46
Tangible Book Value per Share	$7.07	$7.43	$4.29	$4.66	$5.49	$6.07	$6.48	$7.29	$7.94	$8.85
Total Capital	688	717	1,094	1,016	1,038	1,095	1,151	1,201	1,223	1,275
Total Debt	13	6.44	168	63	28	30	51	46	11	11
Total Long-Term Debt	6.84	6.44	121	39	9.24	9.35	9.53	9.37	11	11
Net Debt	-308	-338	92	-0.66	-36	-104	-143	-200	-293	-332
Capital Expenditures (CapEx)	-0.83	-1.05	14	6.37	-1.31	-1.03	-1.09	-2.22	0.33	-0.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	180	193	312	279	271	268	273	281	236	253
Debt-free Net Working Capital (DFNWC)	501	538	388	343	334	401	468	527	539	596
Net Working Capital (NWC)	495	538	341	318	316	381	426	490	539	596
Net Nonoperating Expense (NNE)	-1.76	-0.38	-4.38	4.52	0.87	-0.40	-0.54	-1.09	-1.63	-4.16
Net Nonoperating Obligations (NNO)	-308	-338	92	-0.66	-36	-104	-143	-200	-293	-332
Total Depreciation and Amortization (D&A)	8.45	8.17	13	25	16	15	15	15	15	16
Debt-free, Cash-free Net Working Capital to Revenue	28.53%	28.11%	40.53%	30.79%	26.81%	24.39%	23.92%	24.92%	20.80%	22.39%
Debt-free Net Working Capital to Revenue	79.38%	78.15%	50.32%	37.84%	33.12%	36.59%	40.92%	46.79%	47.58%	52.74%
Net Working Capital to Revenue	78.47%	78.15%	44.22%	35.12%	31.25%	34.69%	37.31%	43.50%	47.58%	52.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.51	$0.67	$0.38	$0.81	$0.76	$0.00	$0.75	$0.75	$1.29
Adjusted Weighted Average Basic Shares Outstanding	0.00	60.32M	63.74M	64.57M	64.88M	64.64M	0.00	66.14M	66.56M	66.39M
Adjusted Diluted Earnings per Share	$0.00	$0.51	$0.63	$0.38	$0.80	$0.76	$0.00	$0.75	$0.00	$2.02
Adjusted Weighted Average Diluted Shares Outstanding	0.00	76.34M	79.16M	65.00M	65.49M	79.46M	0.00	66.58M	80.19M	79.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	75.88M	79.11M	79.43M	79.43M	79.43M	79.36M	79.55M	79.56M	79.58M	79.58M
Normalized Net Operating Profit after Tax (NOPAT)	40	40	48	37	69	62	49	62	61	53
Normalized NOPAT Margin	21.55%	21.50%	20.98%	12.09%	23.93%	22.44%	17.97%	21.34%	20.74%	19.58%
Pre Tax Income Margin	29.03%	25.92%	23.74%	13.93%	30.05%	28.76%	23.07%	27.97%	26.90%	27.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.53%	25.09%	21.78%	23.30%	23.04%	21.77%	22.41%	21.54%	19.31%	20.18%
Augmented Payout Ratio	32.21%	28.23%	24.41%	26.09%	25.45%	24.21%	26.73%	25.30%	23.51%	24.19%

Frequently Asked Questions About Cactus' Financials

When does Cactus's financial year end?

According to the most recent income statement we have on file, Cactus' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Cactus' net income changed over the last 8 years?

Cactus' net income appears to be on an upward trend, with a most recent value of $232.76 million in 2024, falling from -$8.18 million in 2016. The previous period was $214.84 million in 2023. See where experts think Cactus is headed by visiting Cactus' forecast page.

What is Cactus's operating income?

Cactus's total operating income in 2024 was $289.61 million, based on the following breakdown:

Total Gross Profit: $436.39 million
Total Operating Expenses: $146.78 million

How has Cactus revenue changed over the last 8 years?

Over the last 8 years, Cactus' total revenue changed from $155.05 million in 2016 to $1.13 billion in 2024, a change of 628.7%.

How much debt does Cactus have?

Cactus' total liabilities were at $475.15 million at the end of 2024, a 3.8% increase from 2023, and a 57.0% increase since 2017.

How much cash does Cactus have?

In the past 7 years, Cactus' cash and equivalents has ranged from $7.57 million in 2017 to $344.53 million in 2022, and is currently $342.84 million as of their latest financial filing in 2024.

How has Cactus' book value per share changed over the last 8 years?

Over the last 8 years, Cactus' book value per share changed from 0.00 in 2016 to 13.46 in 2024, a change of 1,345.9%.

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This page (NYSE:WHD) was last updated on 5/4/2025 by MarketBeat.com Staff

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Cactus (WHD) Financials

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