Cactus (WHD) Cost of Revenue (2017 - 2026)
Cactus' Cost of Revenue came in at $299.81 million for Q2 2026, up 72.7% from $173.58 million a year earlier and up 8.3% from the prior quarter.
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Analysis
Cactus (WHD) Cost of Revenue (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cactus reported Cost of Revenue of $910.05 million, up 31.1% year-over-year; for FY2025, it was $679.63 million, down 2.0% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 23.5% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $693.42 million in FY2024 (+0.4%), $690.67 million in FY2023 (+54.9%), $445.92 million in FY2022 (+40.6%) and $317.14 million in FY2021 (+33.8%).
- The Q2 2026 figure represents the highest quarterly Cost of Revenue in data going back to Q1 2017.
- Year-over-year, Cost of Revenue increased in five of the last eight quarters, with growth averaging 16.2%.
- The fastest year-over-year change in Cost of Revenue over five years came in Q3 2021 (growth of 112.2%), and the weakest in Q2 2024 (a decline of 12.2%).
- Business Quant data shows WHD's Cost of Revenue at $276.77 million (Q1 2026), $166.64 million (Q4 2025) and $166.83 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.34 Bn | 69.45 Bn | 1.40 Bn | 7.58 Bn |
| 2 | Baker Hughes | 55.59 Bn | 18.87 Bn | 1.58 Bn | 5.16 Bn |
| 3 | TechnipFMC | 27.02 Bn | 23.17 Bn | 684.70 Mn | 2.08 Bn |
| 4 | Halliburton | 26.54 Bn | 18.29 Bn | 804.00 Mn | 4.91 Bn |
| 5 | Nov | 6.72 Bn | 1.51 Bn | 521.00 Mn | 1.61 Bn |
| 6 | Noble | 6.50 Bn | 4.43 Bn | 239.27 Mn | 480.42 Mn |
| 7 | Transocean | 5.76 Bn | 3.47 Bn | 358.00 Mn | 608.00 Mn |
| 8 | Weatherford International | 5.72 Bn | 1.66 Bn | 333.00 Mn | 772.00 Mn |
| 9 | Kodiak Gas Services | 5.48 Bn | 5.25 Bn | 246.76 Mn | 144.36 Mn |
| 10 | Cactus | 4.42 Bn | 3.43 Bn | 149.72 Mn | 299.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 299.81 Mn |
| Mar 31, 2026 | 276.77 Mn |
| Dec 31, 2025 | 166.64 Mn |
| Sep 30, 2025 | 166.83 Mn |
| Jun 30, 2025 | 173.58 Mn |
| Mar 31, 2025 | 172.58 Mn |
| Dec 31, 2024 | 169.23 Mn |
| Sep 30, 2024 | 178.88 Mn |
| Jun 30, 2024 | 176.47 Mn |
| Mar 31, 2024 | 168.85 Mn |
| Dec 31, 2023 | 164.96 Mn |
| Sep 30, 2023 | 175.81 Mn |
| Jun 30, 2023 | 201.08 Mn |
| Mar 31, 2023 | 148.82 Mn |
| Dec 31, 2022 | 116.66 Mn |
| Sep 30, 2022 | 117.22 Mn |
| Jun 30, 2022 | 111.23 Mn |
| Mar 31, 2022 | 100.82 Mn |
| Dec 31, 2021 | 91.34 Mn |
| Sep 30, 2021 | 82.45 Mn |
API Access
Cactus Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=WHD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "WHD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=WHD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();