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C

Cactus WHD · USD

Energy · US listing · 🇺🇸 United States

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60.66

+4.37%

Close of 9 Nov 2026, in USD

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About Cactus

From its filings with the US Securities and Exchange Commission

SEC filings

Cactus is based in Houston, Texas. Its shares trade on NYSE under the ticker WHD. The SEC classifies its business as oil & gas field machinery & equipment. In the fiscal year to 31 December 2025, it reported revenue of $1.08bn and net income of $166.0m. At that date it held total assets of $1.87bn and shareholders' equity of $1.23bn. By business, Product revenue brought in 76.5% of revenue, followed by Field service and other revenue at 15.6% and Rental revenue at 7.9%.

In its own words

Cactus, Inc. (“Cactus Inc.”) was incorporated on February 17, 2017 as a Delaware corporation for the purpose of completing an initial public offering of equity, which was completed on February 12, 2018 (our “IPO”). We began operating in August 2011 following the formation of Cactus Wellhead, LLC (“Cactus LLC”) in part by Scott Bender and Joel Bender, who have owned or operated wellhead manufacturing businesses since the late 1970s.

"The Company" is primarily engaged in the design, manufacture, sale and rental of highly engineered pressure control and spoolable pipe technologies. Our products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of our customers’ wells. We also provide field services for all of our products and rental items to assist with the installation, maintenance and handling of the equipment. Additionally, we offer repair and refurbishment services as appropriate. We operate through service centers and pipe yards located in the United States, Canada and Australia. We also provide rental and service operations in the Middle East and other select international markets. Our primary manufacturing and production facilities are in Bossier City, Louisiana, Baytown, Texas and Suzhou, China. In addition, a new plant is commencing production in Vietnam. Our corporate headquarters are located in Houston, Texas.

Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Energy
Industry
Energy Equipment & Services
Listed since
8 Feb 2018
Employees
1,500
Head office
920 MEMORIAL CITY WAY, HOUSTON, TX, 77024
Classification
Oil & Gas Field Machinery & Equipment
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. Scott BenderChairman of the Board, Chief Executive Officer, since 2011$3.3m
  • Mr. Joel BenderPresident, Director, since 2011$3.3m
  • Mr. Jay NuttChief Financial Officer, Executive Vice President, Principal Accounting Officer, Principal Financial Officer,$1.4m
  • Mr. Steven BenderChief Operating Officer$2.3m
  • Mr. William MarshExecutive Vice President, General Counsel and Corporate Secretary$2.0m
  • Mr. Stephen TadlockExecutive Vice President, Chief Executive Officer - Spoolable Technologies$2.3m
  • Mr. Gary RosenthalLead Independent Director$254,206
  • Ms. Melissa LawIndependent Director$254,206
  • Mr. Michael McgovernIndependent Director$259,206
  • Mr. John O'DonnellIndependent Director$254,206
  • Mr. Bruce RothsteinIndependent Director$239,206
  • Mr. Alan SempleIndependent Director$264,206

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
32
Environment
16
Social
52
Governance
27
Women in the workforce
10%
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Cactus Inc has built a reputable and recognizable brand name in the industry, which sets it apart from competitors and attracts a loyal customer base.
  • The company consistently introduces innovative products and stays ahead of market trends, allowing it to meet evolving customer demands and maintain a competitive edge.
  • Cactus Inc has established an efficient supply chain network, ensuring timely delivery of products to customers and minimizing operational costs.

Weaknesses

  • Cactus Inc currently operates in a limited number of geographical locations, which restricts its access to potential international markets and limits its growth opportunities.
  • The company relies heavily on a few key suppliers for its raw materials, making it vulnerable to disruptions in the supply chain if there are any issues with these suppliers.
  • Cactus Inc's products are priced at a premium compared to some competitors, which may hinder market penetration and limit its potential customer base.

Opportunities

  • Cactus Inc can explore and expand into emerging markets, where the demand for its products is growing, thus increasing its customer reach and revenue potential.
  • The company has the opportunity to diversify its product line by introducing new offerings or entering related market segments, allowing it to cater to a broader range of customer preferences and maximize sales.
  • Cactus Inc can form strategic partnerships with other companies in the industry to leverage their expertise or expand their distribution network, enabling mutual benefits and increased market presence.

Threats

  • The industry Cactus Inc operates in is highly competitive, with numerous players vying for market share. Increased competition can potentially impact the company's pricing and market positioning.
  • Instability in the global economy or a downturn can have adverse effects on consumer spending, potentially leading to a decrease in demand for Cactus Inc's products.
  • Evolving consumer preferences and changing trends could result in a shift in demand towards alternative products or brands, posing a threat to Cactus Inc's market share if not effectively addressed.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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