Cactus, Inc. (WHD) Financials
Key financial figures for Cactus, Inc. (Q3 2026).
Cactus Q3 2026 revenue was $430.9 million (vs $264.0 million a year earlier, with Cactus International now consolidated) with GAAP diluted EPS of $0.87 and adjusted EPS of $0.96; backlog closed at $615.6 million. Revenue of $430.9 million, against $264.0 million in Q3 2025 and $449.5 million in Q2 2026. The year-over-year comparison now includes Cactus International, the Baker Hughes surface pressure control business consolidated from January 2026. Operating income was $94.0 million (21.8% margin vs 23.2% a year earlier); net income was $74.1 million, GAAP diluted EPS per Class A share was $0.87 vs $0.60, and diluted EPS as adjusted (non-GAAP) was $0.96 vs $0.67. No consensus estimate was sourced, so no beat or miss is stated. On the outlook: Management expects consolidated Q4 2026 revenues to increase modestly, with Pressure Control revenues up modestly versus Q3 and Spoolable Technologies sales up slightly; full-year 2026 net capital expenditures are expected to be approximately $65 million. Figures are for Q3 2026, as Cactus, Inc. reported them.
- Revenue
- $431M
- Net Income
- $62M
- EPS
- $0.89
- Total Assets
- $2.6B
- Operating Cash Flow
- $18M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $431M | $62M | $0.87 | 21.83% | -$3M |
| Q2 FY2026 | $450M | $49M | $0.70 | 18.59% | $88M |
| Q1 FY2026 | $388M | -$49M | -$0.70 | 12.75% | $119M |
| Q4 FY2025 | $261M | $40M | $0.57 | 22.91% | $63M |
| Q3 FY2025 | $264M | $42M | $0.60 | 23.2% | $52M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $1.1B | $166M | $2.41 | 23.21% | $217M |
| FY2024 | $1.1B | $185M | $2.77 | 25.63% | $277M |
| FY2023 | $1.1B | $169M | $2.57 | 24.1% | $296M |
Frequently asked questions
What was Cactus, Inc.'s revenue last quarter?
Cactus, Inc. reported revenue of $430.9 million for Q3 FY2026, up 63.2% from the same period a year earlier.
Is Cactus, Inc. profitable?
Yes. Cactus, Inc. reported net income of $62.2 million for Q3 FY2026, a net margin of 14.43% on revenue.
How has Cactus, Inc.'s margin trended?
Operating margin was 21.83% in Q3 FY2026, compared with 23.2% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Cactus, Inc. generate?
Cactus, Inc. generated free cash flow of -$2.9 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Cactus, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.