Cactus, Inc. (WHD)
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-11-04
$58.07-6.38%
Close 2026-11-04 · 1-day change
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-11-04
QuarterlyIQ Insights · WHD
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 6.1% |
| Our one-year growth estimate | diamond | 15.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 9.0 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 19 industry peers · Company calendar date is not available
WHD — credit agreement
Dated 2026-06-02
Entry into a Material Definitive Agreement. On May 29, 2026, Cactus Companies, LLC (“Cactus Companies”), a subsidiary of Cactus Inc., entered into an amendment (the “ABL Credit Facility Amendment”) to its Amended and Restated Credit Agreement originally entered into on February 28, 2023 (as amended prior to the ABL Credit Facility Amendment, the “ABL Credit Facility”), by and among Cactus Companies, as borrower, certain subsidiaries of Cactus Companies from time to time party thereto, as guar…
Why it matters: The spending plan covers the Baytown expansion and early work on the Middle East plant. Spending far above the plan could strain cash.
Watch forCactus reports 2026 net capital spending of about $65 million or less.
Also watch forCactus reports 2026 net capital spending of more than about $65 million.
Why it matters: Management said Q4 revenue would rise modestly. A rise would back its near-term view; a drop would show that view missed.
Watch forQ4 2026 revenue is above Q3's $430.9 million.
Also watch forQ4 2026 revenue is at or below Q3's $430.9 million.
Why it matters: Backlog rose by more than $150 million in Q3, with most tied to Cactus International. A sharp drop could point to weaker orders or shipments.
Watch forReported backlog stays above $615.6 million in the next results report.
Also watch forReported backlog falls below $615.6 million in the next results report.
Why it matters: The board approved the quarterly payment. Payment as planned would continue the current dividend; a cut or delay would break that pattern.
Supportive ifCactus pays $0.15 per Class A share on December 17, 2026, to holders of record on November 30.
Worry ifCactus cuts, cancels, or delays the $0.15 payment due December 17, 2026.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$152 on $10,000 · ±1.5% | How much price usually moves either way. |
| Bad day | $394 loss on $10,000 · 3.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,332 loss on $10,000 · 23.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The board approved a new plant, set to start in 2029. On-time work would support future growth; delays could raise cost or timing risk.
Supportive ifCactus reports that plant work and long-lead equipment orders remain on schedule for a 2029 start.
Worry ifCactus reports a delay to the 2029 start date, or cancels or pauses the plant plan.