Cactus, Inc. (WHD)
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
$70.16-2.07%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-09-04
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 | 2.9% |
| Our one-year growth estimate | diamond | 22.6% |
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 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
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 19.7 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 32 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: Strong cash flow from operations shows good financial health. It means the company can grow.
Supportive ifCash flow from operations reported above $150 million in Q2 2026.
Worry ifCash flow from operations falls below $100 million in Q2 2026.
Why it matters: Keeping the dividend shows financial health and a promise to give value to shareholders.
Supportive ifThe quarterly dividend remains at $0.15 per share in the next declaration.
Worry ifThe quarterly dividend is reduced below $0.15 per share.
Why it matters: A growing backlog indicates strong future revenue potential and demand for products. It reflects business health.
Supportive ifBacklog exceeds $537.5 million in Q2 2026.
Worry ifBacklog falls below $537.5 million in Q2 2026.
Why it matters: A stable or growing backlog shows good integration and demand for the new business.
Supportive ifCactus International's backlog went up to $455.8 million in Q2 2026.
Worry ifCactus International's backlog falls from $455.8 million in Q2 2026.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$156 on $10,000 · ±1.6% | How much price usually moves either way. |
| Bad day | $398 loss on $10,000 · 4.0% | 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: More cash from operations helps with future investments. It also helps pay shareholders.
Supportive ifCash from operations rises above $128.3M in the next quarter.
Worry ifCash from operations drops or stays below $128.3M.
Why it matters: Maintaining CAPEX guidance shows the company's commitment to growth and investment. It impacts future cash flow and operations.
Supportive ifManagement says CAPEX guidance stays between $40-$50M for the next earnings call.
Worry ifManagement lowers CAPEX guidance to below $40M for the next earnings call.
Why it matters: Earnings results will show how well the company is managing costs and generating cash.
Watch forQ2 earnings are better than expected, showing strong performance.
Also watch forQ2 earnings are lower than expected. This may show some problems.
Why it matters: A rise in dividends shows confidence in cash flow and profits. It can help shareholders.
Supportive ifCactus announces a dividend increase above $0.14 per share.
Worry ifCactus maintains the dividend at $0.14 per share with no plans for an increase.
Why it matters: This will show if the segment can maintain growth despite challenges in the Middle East.
Watch forPressure Control revenue grows each year. This shows strong demand and good management.
Also watch forPressure Control revenue falls each year. This points to big problems in operations or the market.
Why it matters: The new CEO's direction can affect company strategy and performance. It may change investor sentiment.
Watch forPositive statements about the new CEO's strategy lead to stock price increases.
Also watch forNegative feedback or problems happen with the new CEO. This leads to lower stock prices.
Why it matters: A drop in Pressure Control revenue would show problems in the segment. This would hurt overall growth.
Worry ifQ3 Pressure Control revenue reported down 10% or more from Q2's $301.2 million.
Less concerning ifPressure Control revenue remains flat or grows compared to Q2.
Why it matters: Strong growth in this segment would back up management's good outlook. It would help overall revenue.
Supportive ifSpoolable Technologies revenue goes up by 15% to 20% from Q2's $105.5 million.
Worry ifSpoolable Technologies revenue grows less than 15% or goes down.
Why it matters: Staying in this range shows good spending habits. This supports growth in Spoolable Technologies.
Watch forCapital spending is in the $55-$65 million range for 2026.
Also watch forCapital spending goes over $65 million or under $55 million.