Cactus (WHD) Gross Margin (2017 - 2026)
Cactus' Gross Margin was 33.31% in Q2 2026, down 3.25 percentage points from 36.55% a year earlier but up 4.57 percentage points from the prior quarter.
Powered by 
Analysis
Cactus (WHD) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cactus' Gross Margin was 33.23% through Jun 30, 2026, down 4.73 percentage points year-over-year; for FY2025, it was 37.02%, down 1.61 percentage points from FY2024.
- Gross Margin shows a five-year change of +4.99 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 38.63% in FY2024 (+1.59 pp), 37.04% in FY2023 (+1.82 pp), 35.22% in FY2022 (+7.53 pp) and 27.69% in FY2021 (-4.33 pp).
- Quarterly Gross Margin has moved between 28.53% (Q3 2021) and 39.99% (Q4 2023) over five years.
- Compared with a year earlier, Gross Margin has declined for five straight quarters, with an average year-over-year change of -2.69 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q2 2022 (a gain of 8.30 percentage points); the worst was Q1 2026 (a drop of 9.70 percentage points).
- Per Business Quant data, WHD's Gross Margin in the three quarters before Q2 2026 was 28.73% (Q1 2026), 36.20% (Q4 2025) and 36.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 74.03 Bn | 71.14 Bn | 1.40 Bn | 15.55% |
| 2 | Baker Hughes | 55.51 Bn | 18.79 Bn | 1.58 Bn | 23.46% |
| 3 | TechnipFMC | 27.04 Bn | 23.19 Bn | 684.70 Mn | 24.78% |
| 4 | Halliburton | 26.27 Bn | 18.03 Bn | 804.00 Mn | 14.07% |
| 5 | Nov | 6.79 Bn | 1.58 Bn | 521.00 Mn | 24.41% |
| 6 | Noble | 6.70 Bn | 4.63 Bn | 239.27 Mn | 33.25% |
| 7 | Transocean | 5.82 Bn | 3.53 Bn | 358.00 Mn | 37.06% |
| 8 | Weatherford International | 5.77 Bn | 1.71 Bn | 333.00 Mn | 30.14% |
| 9 | Valaris | 5.44 Bn | 3.05 Bn | 123.70 Mn | 22.94% |
| 10 | Cactus | 4.44 Bn | 3.45 Bn | 149.72 Mn | 33.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.31% |
| Mar 31, 2026 | 28.73% |
| Dec 31, 2025 | 36.20% |
| Sep 30, 2025 | 36.80% |
| Jun 30, 2025 | 36.55% |
| Mar 31, 2025 | 38.43% |
| Dec 31, 2024 | 37.81% |
| Sep 30, 2024 | 38.99% |
| Jun 30, 2024 | 39.23% |
| Mar 31, 2024 | 38.40% |
| Dec 31, 2023 | 39.99% |
| Sep 30, 2023 | 38.93% |
| Jun 30, 2023 | 34.25% |
| Mar 31, 2023 | 34.85% |
| Dec 31, 2022 | 37.87% |
| Sep 30, 2022 | 36.46% |
| Jun 30, 2022 | 34.65% |
| Mar 31, 2022 | 30.90% |
| Dec 31, 2021 | 29.69% |
| Sep 30, 2021 | 28.53% |
API Access
Cactus Gross Margin 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=gross-margin&ticker=WHD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=WHD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();