Cactus (WHD) Net Margin (2017 - 2026)
Cactus (WHD) recorded Net Margin of 10.90% in Q2 2026, down 3.84 percentage points from 14.74% a year earlier but up 23.41 percentage points from the prior quarter.
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Analysis
Cactus (WHD) Net Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Cactus' Net Margin came in at 6.01% as of Jun 30, 2026, down 10.18 percentage points year-over-year; for FY2025, it came in at 15.39%, down 1.03 percentage points from FY2024.
- Annual Net Margin has a five-year change of +5.50 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 16.41% in FY2024 (+0.99 pp), 15.42% in FY2023 (-0.58 pp), 16.01% in FY2022 (+4.70 pp) and 11.31% in FY2021 (+1.43 pp).
- Quarterly Net Margin has ranged from -12.51% in Q1 2026 to 18.78% in Q1 2023 over the past five years.
- On a year-over-year basis, Net Margin has declined for five consecutive quarters, with an average year-over-year change of -4.76 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 9.07 percentage points in Q2 2024, against a drop of 28.29 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -12.51% (Q1 2026), 15.25% (Q4 2025) and 15.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 74.03 Bn | 71.14 Bn | 1.40 Bn | 8.76% |
| 2 | Baker Hughes | 55.51 Bn | 18.79 Bn | 1.58 Bn | 10.10% |
| 3 | TechnipFMC | 27.04 Bn | 23.19 Bn | 684.70 Mn | 13.13% |
| 4 | Halliburton | 26.27 Bn | 18.03 Bn | 804.00 Mn | 9.35% |
| 5 | Nov | 6.79 Bn | 1.58 Bn | 521.00 Mn | 5.25% |
| 6 | Noble | 6.70 Bn | 4.63 Bn | 239.27 Mn | -5.10% |
| 7 | Transocean | 5.82 Bn | 3.53 Bn | 358.00 Mn | 17.60% |
| 8 | Weatherford International | 5.77 Bn | 1.71 Bn | 333.00 Mn | 3.53% |
| 9 | Valaris | 5.44 Bn | 3.05 Bn | 123.70 Mn | 9.35% |
| 10 | Cactus | 4.44 Bn | 3.45 Bn | 149.72 Mn | 10.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.90% |
| Mar 31, 2026 | -12.51% |
| Dec 31, 2025 | 15.25% |
| Sep 30, 2025 | 15.77% |
| Jun 30, 2025 | 14.74% |
| Mar 31, 2025 | 15.78% |
| Dec 31, 2024 | 17.16% |
| Sep 30, 2024 | 17.03% |
| Jun 30, 2024 | 17.16% |
| Mar 31, 2024 | 14.21% |
| Dec 31, 2023 | 17.81% |
| Sep 30, 2023 | 18.27% |
| Jun 30, 2023 | 8.09% |
| Mar 31, 2023 | 18.78% |
| Dec 31, 2022 | 16.50% |
| Sep 30, 2022 | 17.03% |
| Jun 30, 2022 | 15.95% |
| Mar 31, 2022 | 14.13% |
| Dec 31, 2021 | 11.56% |
| Sep 30, 2021 | 10.94% |
API Access
Cactus Net 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=net-margin&ticker=WHD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=WHD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();