Recent News
On July 30, 2025 Cactus announced a strategic agreement to acquire a 65% interest in Baker Hughes’ Surface Pressure Control business and the Board approved an 8% increase to the quarterly dividend to $0.14 per Class A share, payable September 18, 2025 to shareholders of record on August 29, 2025.
Technical Analysis
ADX stands at 11.33, indicating no established trend; momentum signals carry greater weight for the near term rather than directional conviction from trend strength.
DI+ registered a dip-and-reversal at 20.67, a bullish directional shift, while DI- sits at 21.61 but shows a decreasing trend; the combined pattern favors short-term directional bias to the upside.
MACD reads -0.23 with a dip-and-reversal and sits above the signal line (-0.29); that cross above the signal line signals bullish momentum in the short run.
MRO equals -21.48, a negative reading that indicates price sits below model target and therefore carries potential to move upward toward that target over time.
RSI at 48.71 shows a dip-and-reversal pattern, signaling renewed upward momentum from a neutral position rather than an overbought condition.
Price sits at $41.54, trading above the 20-day average ($40.54) and the 50-day average ($41.41) but below the 200-day average ($47.15); that configuration supports constructive short-term price action while longer-term resistance at the 200-day average limits upside scope. The close sits marginally above the 1x Bollinger upper band ($41.43), indicating near-term consolidation near the short-term upper band.
Volume at 469,804 trails the 10-day average (736,452) and longer-term averages, suggesting limited participation behind recent moves and elevated sensitivity to fresh catalysts.
Fundamental Analysis
Total revenue for the period registers $273,575,000 with revenue growth of -2.41% year-over-year. Operating income (EBIT) equals $60,805,000 and operating margin stands at 22.23%, a contraction of -21.95% year-over-year and a -9.19% quarter-over-quarter decline; margin compression represents the most direct pressure on near-term profitability.
Diluted EPS came in at $0.66 versus an estimate of $0.72, producing an EPS surprise of -8.33%. Reported net income totals $49,029,000. Adjusted EBITDA reached $76,691,000, supporting continued cash generation despite weaker top-line trends.
Cash and short-term investments total $405,177,000 and operating cash flow equals $82,835,000; free cash flow registers $70,897,000 with a free cash flow yield of 2.44%. The balance sheet shows low leverage: total debt amounts to $42,021,000 with debt-to-EBITDA near 0.55 and debt-to-assets at 2.30%, leaving substantial liquidity to fund the announced acquisition and shareholder distributions.
Working capital metrics present strength: current ratio equals 4.85 and cash ratio equals 2.25. The cash conversion cycle sits at 158.22 days, elevated relative to typical peer medians but supported by a strong cash balance and positive operating cash flow.
Return metrics: return on equity equals 3.51% and return on assets equals 2.24%, both down year-over-year consistent with margin contraction. Asset turnover equals 15.23%, roughly in line with the industry peer mean of 15.157% and signaling similar revenue efficiency per dollar of assets.
Comparisons to industry peer benchmarks show operating margin below the industry peer mean of 27.924% and return on equity slightly below the industry peer mean of 4.225%. Free cash flow yield at 2.44% sits above the industry peer mean of 1.27%, indicating relatively stronger cash conversion versus peers.
Valuation multiples convey a mixed signal: trailing P/E runs high at 67.86 while forward P/E equals 54.34; enterprise multiple equals 33.19. The current valuation as determined by WMDST values the stock as under-valued based on cash flow strength and balance-sheet liquidity offsetting temporarily weaker margins and an elevated earnings multiple.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-30 |
| NEXT REPORT DATE: | 2025-10-29 |
| CASH FLOW | Begin Period Cash Flow | $ 347.7 M |
| Operating Cash Flow | $ 82.8 M | |
| Capital Expenditures | $ -11.94 M | |
| Change In Working Capital | $ 5.1 M | |
| Dividends Paid | $ -8.94 M | |
| Cash Flow Delta | $ 57.5 M | |
| End Period Cash Flow | $ 405.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 273.6 M | |
| Forward Revenue | $ 95.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 173.6 M | |
| Depreciation | $ 15.9 M | |
| Depreciation and Amortization | $ 15.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 212.8 M | |
| PROFITABILITY | ||
| Gross Profit | $ 100.0 M | |
| EBITDA | $ 76.7 M | |
| EBIT | $ 60.8 M | |
| Operating Income | $ 60.8 M | |
| Interest Income | $ 2.5 M | |
| Interest Expense | — | |
| Net Interest Income | $ 2.5 M | |
| Income Before Tax | $ 63.3 M | |
| Tax Provision | $ 14.3 M | |
| Tax Rate | 22.545 % | |
| Net Income | $ 40.3 M | |
| Net Income From Continuing Operations | $ 49.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.72 | |
| EPS Actual | $ 0.66 | |
| EPS Difference | $ -0.06 | |
| EPS Surprise | -8.333 % | |
| Forward EPS | $ 0.82 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.8 B | |
| Intangible Assets | $ 359.0 M | |
| Net Tangible Assets | $ 789.2 M | |
| Total Current Assets | $ 873.4 M | |
| Cash and Short-Term Investments | $ 405.2 M | |
| Cash | $ 405.2 M | |
| Net Receivables | $ 207.3 M | |
| Inventory | $ 246.4 M | |
| Long-Term Investments | $ 8.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 83.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 180.0 M | |
| Net Debt | — | |
| Total Debt | $ 42.0 M | |
| Total Liabilities | $ 476.0 M | |
| EQUITY | ||
| Total Equity | $ 1.1 B | |
| Retained Earnings | $ 618.6 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 16.74 | |
| Shares Outstanding | 68.575 M | |
| Revenue Per-Share | $ 3.99 | |
| VALUATION | Market Capitalization | $ 2.9 B |
| Enterprise Value | $ 2.5 B | |
| Enterprise Multiple | 33.185 | |
| Enterprise Multiple QoQ | -2.367 % | |
| Enterprise Multiple YoY | -2.079 % | |
| Enterprise Multiple IPRWA | high: 81.177 mean: 33.922 median: 33.686 WHD: 33.185 low: -32.615 |
|
| EV/R | 9.303 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.589 | |
| Asset To Liability | 3.833 | |
| Debt To Capital | 0.035 | |
| Debt To Assets | 0.023 | |
| Debt To Assets QoQ | -5.615 % | |
| Debt To Assets YoY | 66.162 % | |
| Debt To Assets IPRWA | high: 1.005 mean: 0.352 median: 0.281 WHD: 0.023 low: 0.001 |
|
| Debt To Equity | 0.037 | |
| Debt To Equity QoQ | -6.033 % | |
| Debt To Equity YoY | 54.953 % | |
| Debt To Equity IPRWA | high: 4.438 mean: 1.168 median: 0.675 WHD: 0.037 low: 0.001 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.533 | |
| Price To Book QoQ | -11.455 % | |
| Price To Book YoY | -31.595 % | |
| Price To Book IPRWA | high: 8.224 mean: 3.509 WHD: 2.533 median: 2.337 low: -0.753 |
|
| Price To Earnings (P/E) | 67.862 | |
| Price To Earnings QoQ | 6.893 % | |
| Price To Earnings YoY | 3.378 % | |
| Price To Earnings IPRWA | high: 253.588 WHD: 67.862 mean: 64.83 median: 61.775 low: -167.651 |
|
| PE/G Ratio | -7.077 | |
| Price To Sales (P/S) | 10.63 | |
| Price To Sales QoQ | -5.984 % | |
| Price To Sales YoY | -12.672 % | |
| Price To Sales IPRWA | high: 28.151 WHD: 10.63 median: 8.514 mean: 8.409 low: 0.206 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 54.337 | |
| Forward PE/G | -5.667 | |
| Forward P/S | 30.589 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.73 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.152 | |
| Asset Turnover Ratio QoQ | -4.718 % | |
| Asset Turnover Ratio YoY | -16.045 % | |
| Asset Turnover Ratio IPRWA | high: 0.459 median: 0.165 WHD: 0.152 mean: 0.152 low: 0.012 |
|
| Receivables Turnover | 1.281 | |
| Receivables Turnover Ratio QoQ | -5.985 % | |
| Receivables Turnover Ratio YoY | -8.952 % | |
| Receivables Turnover Ratio IPRWA | high: 5.629 mean: 2.49 median: 1.486 WHD: 1.281 low: 0.271 |
|
| Inventory Turnover | 0.728 | |
| Inventory Turnover Ratio QoQ | -3.562 % | |
| Inventory Turnover Ratio YoY | -15.235 % | |
| Inventory Turnover Ratio IPRWA | high: 23.074 mean: 3.449 median: 1.534 WHD: 0.728 low: 0.018 |
|
| Days Sales Outstanding (DSO) | 71.208 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 158.218 | |
| Cash Conversion Cycle Days QoQ | 3.145 % | |
| Cash Conversion Cycle Days YoY | 12.426 % | |
| Cash Conversion Cycle Days IPRWA | high: 258.765 WHD: 158.218 mean: 55.96 median: 37.221 low: -82.078 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.395 | |
| CapEx To Revenue | -0.044 | |
| CapEx To Depreciation | -0.751 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.1 B | |
| Net Invested Capital | $ 1.1 B | |
| Invested Capital | $ 1.1 B | |
| Net Tangible Assets | $ 789.2 M | |
| Net Working Capital | $ 693.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 2.251 | |
| Current Ratio | 4.853 | |
| Current Ratio QoQ | 0.162 % | |
| Current Ratio YoY | 29.57 % | |
| Current Ratio IPRWA | high: 5.901 WHD: 4.853 mean: 1.7 median: 1.315 low: 0.225 |
|
| Quick Ratio | 3.484 | |
| Quick Ratio QoQ | 0.508 % | |
| Quick Ratio YoY | 34.604 % | |
| Quick Ratio IPRWA | high: 5.054 WHD: 3.484 mean: 1.287 median: 1.0 low: 0.021 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.548 | |
| Cost Of Debt | 0.0 % | |
| Interest Coverage Ratio | 60805000.0 | |
| Interest Coverage Ratio QoQ | -11.378 % | |
| Interest Coverage Ratio YoY | 103308475.861 % | |
| Interest Coverage Ratio IPRWA | WHD: 60805000.0 high: 19.818 median: 10.049 mean: 9.804 low: -14.138 |
|
| Operating Cash Flow Ratio | 0.396 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 39.011 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.513 | |
| Dividend Payout Ratio | 0.222 | |
| Dividend Rate | $ 0.13 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 3.135 % | |
| Revenue Growth | -2.406 % | |
| Revenue Growth QoQ | -179.854 % | |
| Revenue Growth YoY | -140.546 % | |
| Revenue Growth IPRWA | high: 37.841 % median: 2.748 % mean: 1.135 % WHD: -2.406 % low: -53.935 % |
|
| Earnings Growth | -9.589 % | |
| Earnings Growth QoQ | -440.398 % | |
| Earnings Growth YoY | -219.862 % | |
| Earnings Growth IPRWA | high: 250.0 % mean: 8.768 % median: 5.319 % WHD: -9.589 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 36.551 % | |
| Gross Margin QoQ | -4.899 % | |
| Gross Margin YoY | -6.831 % | |
| Gross Margin IPRWA | high: 88.082 % WHD: 36.551 % mean: 34.34 % median: 31.146 % low: -11.161 % |
|
| EBIT Margin | 22.226 % | |
| EBIT Margin QoQ | -9.193 % | |
| EBIT Margin YoY | -21.951 % | |
| EBIT Margin IPRWA | high: 88.935 % mean: 27.924 % WHD: 22.226 % median: 21.284 % low: -53.941 % |
|
| Return On Sales (ROS) | 22.226 % | |
| Return On Sales QoQ | -9.193 % | |
| Return On Sales YoY | -21.951 % | |
| Return On Sales IPRWA | high: 71.161 % mean: 24.528 % WHD: 22.226 % median: 18.885 % low: -56.009 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 70.9 M | |
| Free Cash Flow Yield | 2.438 % | |
| Free Cash Flow Yield QoQ | 146.761 % | |
| Free Cash Flow Yield YoY | 25.865 % | |
| Free Cash Flow Yield IPRWA | high: 20.174 % WHD: 2.438 % mean: 1.271 % median: 1.258 % low: -17.178 % |
|
| Free Cash Growth | 126.399 % | |
| Free Cash Growth QoQ | -397.409 % | |
| Free Cash Growth YoY | -1103.007 % | |
| Free Cash Growth IPRWA | high: 710.046 % WHD: 126.399 % mean: 59.391 % median: -19.815 % low: -836.599 % |
|
| Free Cash To Net Income | 1.758 | |
| Cash Flow Margin | 26.023 % | |
| Cash Flow To Earnings | 1.765 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.244 % | |
| Return On Assets QoQ | -10.988 % | |
| Return On Assets YoY | -27.892 % | |
| Return On Assets IPRWA | high: 4.459 % median: 2.366 % WHD: 2.244 % mean: 2.222 % low: -7.595 % |
|
| Return On Capital Employed (ROCE) | 3.697 % | |
| Return On Equity (ROE) | 0.035 | |
| Return On Equity QoQ | -12.002 % | |
| Return On Equity YoY | -32.707 % | |
| Return On Equity IPRWA | high: 0.199 median: 0.045 mean: 0.042 WHD: 0.035 low: -0.205 |
|
| DuPont ROE | 3.575 % | |
| Return On Invested Capital (ROIC) | 4.102 % | |
| Return On Invested Capital QoQ | -13.148 % | |
| Return On Invested Capital YoY | -114.309 % | |
| Return On Invested Capital IPRWA | high: 7.199 % WHD: 4.102 % mean: 3.915 % median: 3.423 % low: -10.792 % |
|