Cactus (WHD)
Supplies wellheads, pressure-control equipment and FlexSteel pipe for onshore oil and gas operations.
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Sells and rents wellhead and surface-pressure-control equipment, field services, and FlexSteel spoolable pipe for onshore oil and gas operations. Pressure Control now includes the majority-owned Cactus International business, adding broad international exposure while demand remains tied to drilling, completions, and wells entering production.
Designs, manufactures, sells and rents wellhead and surface-pressure-control equipment through Pressure Control, which combines Cactus Wellhead with the majority-owned Cactus International venture. The business supports onshore conventional and unconventional wells from drilling through production, pairing equipment with installation, maintenance, repair and rental services. Its U.S. service network is complemented by operations and manufacturing across the Middle East, Asia, Australia and Canada.
Spoolable Technologies makes FlexSteel pipe and fittings for production, gathering and takeaway lines, extending the offering from production trees into hydrocarbon transport. Product availability, technical performance and local service execution shape competition. Demand follows operator drilling, completions and wells entering production, while products and facilities depend on environmental rules, hydraulic-fracturing activity and API licenses.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 20, 2026 | Citigroup | Downgrade | ||
| Aug 19, 2026 | Citigroup | Downgrade | ||
| Aug 3, 2026 | Barclays | Reiterate | Rating: —Target: $70 | Target: $74 |
| Jul 31, 2026 | Stifel Nicolaus | Target | Target: $68 | Target: $72 |
| Jun 16, 2026 | Stifel Nicolaus | Target | Target: $66 | Target: $68 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $365.8M · Total debt $56.2M · Total assets $2.58B · Shareholders' equity $1.24B
- Revenue
- $449.5M
- Operating income
- $83.6M
- Net income
- $49.0M
HistoryDividendAnnual yield
| Institutions | 96.81% | 77.62M shares | |
|---|---|---|---|
| 353 holders · as of Jun 30, 2026 | |||
| Insiders | 12.41% | 9.95M shares | |
| 14 holders · as of Sep 2, 2026 | |||
| Strategic holders | 11.43% | 9.16M shares | |
| 1 holder · as of Sep 2, 2026 | |||
| Adds to | 120.65% | ||
80.18M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (80.18M in the company's Sep 22, 2026 report, 69.42M elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 120.65%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.30% | 10.66M A | as of Jun 30, 2026 |
Joel BenderInsiderdirector, 10 percent owner, officer: President | 11.72% | 9.26M B · 138,352 A | filed Sep 2, 2026 |
Cactus WH Enterprises, LLCStrategic10 percent owner | 11.43% | 9.16M B | filed Sep 2, 2026 |
Boston PartnersInstitution | 5.72% | 4.59M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.32% | 4.26M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Scott Bender | director, 10 percent owner, officer: Chairman and CEO | −100,000 | $70.37 |
| Sep 1, 2026 | Joel Bender | director, 10 percent owner, officer: President | −100,000 | $70.37 |
| Aug 7, 2026 | Steven Bender | officer: COO, EVP and CEO-SpoolableTech | −25,000 | $67.65 |
| Aug 5, 2026 | William D. Marsh | officer: GC, EVP and Secretary | −7,178 | $66.32 |
| Aug 5, 2026 | John A. Odonnell | director | −10,000 | $66.13 |
- SLB
Cameron division: surface wellheads, frac trees, and production trees worldwide
- Baker Hughes
JV partner in Cactus International; competes directly in spoolable pipe
- TechnipFMC
Surface wellhead and pressure control across U.S. onshore and Middle East
- NOV
Fiberspar spoolable pipe and completion tools competing across two WHD segments
- Halliburton
Completions services giant with adjacent frac-tree and wellhead overlap
- Weatherford International
Conventional wellhead systems and completion tools with marginal PC overlap
- Forum Energy Technologies
Small-cap OFS; pressure-control accessories and coiled line pipe overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cactus | $67.53 | +0.12% | $4.68B | 57.6 | 21.3 | 3.4 | +64.3% |
| SLB | $52.33 | +1.09% | $76.82B | 25.2 | 18.4 | 2.1 | +5.0% |
| Baker Hughes | $57.18 | −1.13% | $57.41B | 18.6 | 21.3 | 2.1 | −2.4% |
| TechnipFMC | $71.62 | +0.43% | $27.97B | 24.8 | 20.9 | 2.7 | +9.0% |
| NOV | $20.49 | +1.66% | $7.18B | 77.5 | 19.2 | 0.8 | −2.5% |
| Halliburton | $33.21 | −0.55% | $27.89B | 17.5 | 13.1 | 1.2 | +3.7% |
| Weatherford International | $84.78 | +3.13% | $5.89B | 16.2 | 13.9 | 1.2 | −8.2% |
| Forum Energy Technologies | $82.43 | +1.94% | $914.1M | — | 17.3 | 1.1 | +13.2% |
| Median | 21.7 | 18.4 | 1.2 | +3.7% |