# Cactus, Inc. (WHD) · Edgar & Edgarette company card

> Cactus, Inc. (WHD) saw revenue fall 4.5% in FY2025 to $1.1 billion, operating margin 23.2% against a 13.6% median for oil & gas field machinery & equipment, equity 65.5% of assets, and dividend per share up 6 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1699136 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/WHD) · [JSON](https://www.pops4.com/boards/company/WHD.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.1B |
| Revenue growth, 1 year | -4.5% |
| Revenue growth per year | 25.2% |
| Operating margin | 23.2% (prior year 25.6%) |
| Net margin | 18.7% |
| Operating cash flow | $258M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $124M |
| Long-term debt | $0 |
| Total assets | $1.9B |
| Total equity | $1.2B |
| Equity ÷ assets | 65.5% |
| Return on equity | 16.4% |
| Dividend per share | $0.54 |
| Dividend years rising | 6 |

## Readings, computed from those figures

- Altman Z: 7.79 (safe zone)
- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · revenue is hard to predict: its 80% range is ±29%
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $1.1B (FY2025), total debt $0K. Experience: revenue down 4.5% on the year, up 25.2% a year over 4 years; operating margin 23.2%, down from 25.6%. Soundness: equity 65.5% of assets, return on equity 16.4%, payout 18.6% of profit, dividend per share up 6 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $823.4M and $1.5B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $659.5M to $1.9B. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, oil & gas field machinery & equipment): operating margin 23.2% against a 13.6% median; growth -4.5% against 3.4%.

Range logged 2026-09-28, receipt 82d8d898c3e5ab41, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 4, latest 2026-05-12 ([filing](https://www.sec.gov/Archives/edgar/data/1699136/000162828026034225/0001628280-26-034225-index.htm))

## Recent filings

- 10-Q · filed 2026-10-30 · [filing](https://www.sec.gov/Archives/edgar/data/1699136/000162828026068341/0001628280-26-068341-index.htm)
- 8-K · filed 2026-10-28 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1699136/000162828026067952/0001628280-26-067952-index.htm)
- 8-K · filed 2026-09-08 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1699136/000162828026060938/0001628280-26-060938-index.htm)
- 10-Q · filed 2026-07-31 · [filing](https://www.sec.gov/Archives/edgar/data/1699136/000162828026051177/0001628280-26-051177-index.htm)
- 8-K · filed 2026-07-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1699136/000162828026050657/0001628280-26-050657-index.htm)
- 8-K · filed 2026-06-02 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1699136/000162828026039880/0001628280-26-039880-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001699136.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1699136

## Cite

POPS4, Edgar & Edgarette: Cactus, Inc. (WHD) company card, from the company's own SEC filings, accessed 2026-11-02, https://www.pops4.com/boards/company/WHD. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.