The financials
Cactus, Inc. by the numbers
Cactus, Inc. (WHD) reported revenue of $450M in Q2 2026 (quarter ended June 30, 2026), up 64% from the same quarter a year earlier. That came with a gross margin of 33% and net income of $49M (11% of revenue). For the full year FY2025, revenue was $1.08B (−4.5% year on year) and net income $166M. Its largest product in 2026-Q2 was Product And Service Other at $81M, 81% of the disclosed total, just ahead of Rental at 19%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $450M | $274M | +64% |
| Gross profit | $150M | $100M | +50% |
| Operating income | $84M | $61M | +37% |
| Net income | $49M | $40M | +21% |
| Product | Revenue | Share |
|---|---|---|
| Product And Service Other | $81M | 81% |
| Rental | $19M | 19% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $99.9M (+9.6%)
Product And Service Other grew +87% year on yearRental -14% year on year
Segment Latestquarter on quarteryear on year
- Product And Service Other$81.2M$81.2MQoQ +8.0%year on year +87%+8.0%+87%
- Rental$18.7M$18.7MQoQ +18%year on year -14%+18%-14%
Oil & Gas Equipment & Services
Ranks #14 of 27 by Smart Score