Cactus (WHD) Gross Margin (2017 - 2026)
Cactus (WHD) posted quarterly Gross Margin of 47.91% for Q2 2026, down 694.0% year-over-year from 8.07% in Q2 2025, and up 2.88% on a QoQ basis from 46.57% in Q1 2026.
Cactus (WHD) Gross Margin (2017 - 2026) Analysis & Trends
Cactus has reported Gross Margin for 10 years, with the latest figure at 47.91% in Q2 2026.
- Gross Margin for Q2 2026 came in at 47.91%, down 694.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 49.64% (down 631.0% YoY), and the FY2025 annual result was 54.61%, down 141.0% from the prior year.
- Gross Margin advanced to 47.91% in Q2 2026, from 46.57% in the prior quarter.
- Over five years, Gross Margin peaked at 60.57% in Q4 2022 and troughed at 46.57% in Q1 2026.
- A 5-year average of 55.38% and a median of 56.03% in 2024 frame the typical range for Gross Margin.
- The widest annual swing landed in 2024, when Gross Margin jumped 466 bps; it then slumped 1010 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 60.57% in 2022, then decreased by 5 bps to 57.49% in 2023, then dropped by 2 bps to 56.16% in 2024, then retreated by 5 bps to 53.6% in 2025, then slipped by 11 bps to 47.91% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 47.91% in Q2 2026, 46.57% in Q1 2026, and 53.6% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 80.16 Bn | 76.09 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 62.00 Bn | 46.27 Bn | 1.58 Bn | 23.46% |
| 3 | Tenaris | 53.00 Bn | 43.97 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.88 Bn | 29.63 Bn | 1.40 Bn | 50.62% |
| 5 | Halliburton | 29.50 Bn | 27.45 Bn | 2.10 Bn | 36.80% |
| 6 | Nov | 7.31 Bn | 6.15 Bn | 521.00 Mn | 24.41% |
| 7 | Weatherford International | 6.54 Bn | 5.40 Bn | 662.00 Mn | 59.91% |
| 8 | Kodiak Gas Services | 5.72 Bn | 5.58 Bn | 246.76 Mn | 63.09% |
| 9 | Archrock | 5.53 Bn | 5.53 Bn | 244.51 Mn | 65.86% |
| 10 | Cactus | 4.86 Bn | 4.49 Bn | 215.38 Mn | 47.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 47.91% |
| Mar 31, 2026 | 84.88% |
| Dec 31, 2025 | 186.80% |
| Sep 30, 2025 | 95.89% |
| Jun 30, 2025 | 54.85% |
| Mar 31, 2025 | 95.10% |
| Dec 31, 2024 | -67.54% |
| Sep 30, 2024 | 87.80% |
| Jun 30, 2024 | 88.08% |
| Mar 31, 2024 | 95.28% |
| Dec 31, 2023 | -60.66% |
| Sep 30, 2023 | 94.60% |
| Jun 30, 2023 | 88.56% |
| Mar 31, 2023 | 92.96% |
| Dec 31, 2022 | 108.87% |
| Sep 30, 2022 | 60.02% |
| Jun 30, 2022 | 90.99% |
| Mar 31, 2022 | 83.00% |
| Dec 31, 2021 | -5.79% |
| Sep 30, 2021 | 56.91% |