WHD
Cactus, Inc.43.83
-1.78-3.9%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.02BP/E (TTM)
17.46Basic EPS (TTM)
2.51Dividend Yield
0.01%Recent Filings
8-K
8-K
8-K
Q3 revenue dips, margins hold
Cactus, Inc. reported third-quarter 2025 revenue of $264.0 million, down from $293.2 million a year ago, yet operating income held at $61.2 million with margins steady at 23.2%. Pressure Control revenues fell 6.2% sequentially on lower activity, but margins rose 290 basis points through cost cuts and reduced legal costs; Spoolable Technologies saw international sales offset domestic dips. Integration for the Baker Hughes acquisition advances toward an early 2026 close. Strong cash position fuels resilience.
10-Q
Q3 FY2025 results
Cactus posted Q3 revenues of $264M, down 10% y/y but up 3.5% q/q from $274M, as Pressure Control dipped 6% q/q on softer drilling while Spoolable Technologies held steady amid international gains. Operating income edged to $61M, a 20% y/y drop yet 0.7% q/q rise, with margins squeezed by tariffs and input costs but buoyed by cost cuts; diluted EPS fell 19% y/y to $0.60 from $0.74, consistent with 69M shares. Cash swelled to $446M, with $186M YTD operating cash flow minus $32M capex yielding $154M free cash flow (derived), no debt, and $223M revolver availability under compliant covenants. The pending Baker Hughes deal eyes a 65% stake for $345M cash closing early 2026, layering in surface pressure control synergies. Patent disputes with Cameron linger unresolved.
8-K
Cactus unveils SPC acquisition details
Cactus, Inc. released its September 2025 investor presentation ahead of upcoming investor meetings, highlighting the pending acquisition of a 65% stake in Baker Hughes' Surface Pressure Control business for $344.5 million in cash, with closing eyed for late 2025 or early 2026. The deal targets geographic diversification into the resilient Middle East market, where SPC derives ~85% of its $498 million 2024 revenue and holds a >$600 million backlog, while expecting $10 million in annualized cost synergies. This acquisition promises accretive growth yet hinges on regulatory approvals.
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