Cactus (WHD) Net Margin (2017 - 2026)
Cactus (WHD) reported Net Margin of 12.51% for Q1 2026, down 2829.0% on a YoY basis from 0.46% in Q1 2025, and down 167.68% quarter-over-quarter from 18.49% in Q4 2025.
Cactus (WHD) Net Margin (2017 - 2026) Analysis & Trends
Cactus has reported Net Margin for 10 years, with the latest figure at 12.51% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 2829.0% year-over-year to 12.51%; the trailing twelve-month figure through Mar 2026 stood at 8.33% (down 1166.0% YoY), and the FY2025 full-year result was 18.69%, down 191.0% from the prior year.
- Net Margin for Q1 2026 stood at 12.51%, down from 18.49% in the prior quarter.
- The five-year high for Net Margin was 23.63% in Q3 2023, with the low at 12.51% in Q1 2026.
- Historically, Net Margin has averaged 17.91% across 5 years, with a median of 21.02% in 2022.
- Annual changes were most pronounced in 2024 — Net Margin soared 1110 bps — and 2026, when it sank 2829 bps.
- Cactus' Net Margin stood at 21.7% in 2022, then increased by 4 bps to 22.58% in 2023, then slipped by 7 bps to 21.11% in 2024, then dropped by 12 bps to 18.49% in 2025, then tumbled by 168 bps to 12.51% in 2026.
- The last three Net Margin figures came in at 12.51% (Q1 2026), 18.49% (Q4 2025), and 19.01% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 8.73% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 14.24% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 8.59% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 10.43% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | 19.98% |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 0.97% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 9.46% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 19.87% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 5.17% |
| 10 | Cactus | 3.91 Bn | 3.86 Bn | 180.86 Mn | -12.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -12.51% |
| Dec 31, 2025 | 18.49% |
| Sep 30, 2025 | 19.01% |
| Jun 30, 2025 | 17.93% |
| Mar 31, 2025 | 15.78% |
| Dec 31, 2024 | 21.11% |
| Sep 30, 2024 | 21.30% |
| Jun 30, 2024 | 21.72% |
| Mar 31, 2024 | 18.17% |
| Dec 31, 2023 | 22.58% |
| Sep 30, 2023 | 23.63% |
| Jun 30, 2023 | 10.61% |
| Mar 31, 2023 | 22.89% |
| Dec 31, 2022 | 21.70% |
| Sep 30, 2022 | 22.51% |
| Jun 30, 2022 | 21.02% |
| Mar 31, 2022 | 18.56% |
| Dec 31, 2021 | 15.69% |
| Sep 30, 2021 | 14.89% |
| Jun 30, 2021 | 13.57% |