Cactus (WHD) Gross Margin (2017 - 2026)
Cactus (WHD) reported Gross Margin of 46.57% for Q1 2026, down 4009.0% on a YoY basis from 1.19% in Q1 2025, and down 51.44% quarter-over-quarter from 95.9% in Q4 2025.
Cactus (WHD) Gross Margin (2017 - 2026) Analysis & Trends
Cactus has reported Gross Margin for 10 years, with the latest figure at 46.57% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 4009.0% year-over-year to 46.57%; the trailing twelve-month figure through Mar 2026 stood at 68.48% (down 1835.0% YoY), and the FY2025 full-year result was 95.55%, up 37.0% from the prior year.
- Gross Margin for Q1 2026 stood at 46.57%, down from 95.9% in the prior quarter.
- The five-year high for Gross Margin was 185.41% in Q4 2023, with the low at 23.09% in Q4 2022.
- Historically, Gross Margin has averaged 80.19% across 5 years, with a median of 87.15% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 18463 bps — and 2023, when it jumped 20850 bps.
- Cactus' Gross Margin stood at 23.09% in 2022, then jumped by 903 bps to 185.41% in 2023, then sank by 36 bps to 118.8% in 2024, then retreated by 19 bps to 95.9% in 2025, then tumbled by 51 bps to 46.57% in 2026.
- The last three Gross Margin figures came in at 46.57% (Q1 2026), 95.9% (Q4 2025), and 87.72% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 53.57% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 22.98% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 37.69% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 59.67% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 5.80% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 76.04% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 66.20% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 64.46% |
| 10 | Cactus | 3.91 Bn | 3.86 Bn | 180.86 Mn | 46.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 46.57% |
| Dec 31, 2025 | 95.90% |
| Sep 30, 2025 | 87.72% |
| Jun 30, 2025 | 54.85% |
| Mar 31, 2025 | 86.66% |
| Dec 31, 2024 | 118.80% |
| Sep 30, 2024 | 56.08% |
| Jun 30, 2024 | 88.08% |
| Mar 31, 2024 | 87.15% |
| Dec 31, 2023 | 185.41% |
| Sep 30, 2023 | 57.18% |
| Jun 30, 2023 | 94.48% |
| Mar 31, 2023 | 92.96% |
| Dec 31, 2022 | -23.09% |
| Sep 30, 2022 | 85.29% |
| Jun 30, 2022 | 90.99% |
| Mar 31, 2022 | 58.25% |
| Dec 31, 2021 | 161.54% |
| Sep 30, 2021 | 56.91% |
| Jun 30, 2021 | 55.83% |