Cactus, Inc. (WHD) FY2025 10-K Annual Report

Filed: Feb 26, 2026
Industrials
Oil & Gas Field Machinery & EquipmentSEC EDGAR

Cactus, Inc. (WHD) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Cactus, Inc. FY2025 10-K Analysis

Business Overview

  • Core business: design, manufacture, sale, rental, and field service of wellhead, pressure control equipment, and spoolable pipe technologies for oil and gas
  • No new segments; 2025 emphasized investments in international expansion including joint venture in Vietnam and supply chain diversification
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Management Discussion & Analysis

  • Revenue or profitability figures not disclosed in the MD&A section provided
  • No specific YoY revenue change or profit margin percentages mentioned
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Risk Factors

  • Regulatory risk: Texas Railroad Commission bans deep wastewater disposal wells in 4 West Texas counties impacting hydraulic fracturing wastewater handling
  • Geopolitical risk: Conflicts in Ukraine and Middle East causing longer transit times, higher costs, and reduced availability of raw materials and components
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Cactus, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$1.1B

-4.5% YoY

Net Income

$166M

-10.5% YoY

Operating Margin

23.2%

-242bp YoY

Net Margin

15.4%

-103bp YoY

ROE

13.5%

-377bp YoY

Total Assets

$1.9B

+7.6% YoY

Operating Cash Flow

$258M

-18.3% YoY

Source: XBRL data from Cactus, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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