Cactus WHD
NYSE WHD
$69.81 +0.29 (+0.42%)
As of: Sep 9, 2026 · 3:59 PM EDT

Cactus (WHD) Operating Expenses (2017 - 2026)

Cactus' (WHD) quarterly Operating Expenses came in at $365.9 million in Q2 2026, up 71.99% on a YoY basis from $212.8 million in Q2 2025, and up 8.0% quarter-over-quarter from $338.8 million in Q1 2026.

Analysis

Cactus (WHD) Operating Expenses (2017 - 2026) Analysis & Trends

Cactus (WHD) has reported Operating Expenses for 10 consecutive years, with $365.9 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 71.99% year-over-year to $365.9 million; the trailing twelve-month figure through Jun 2026 stood at $1.1 billion (up 31.61% YoY), and the FY2025 full-year result was $828.6 million, down 1.39% from the prior year.
  • Operating Expenses climbed to $365.9 million in Q2 2026 per WHD's latest filing, from $338.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $365.9 million in Q2 2026 and bottomed at $114.9 million in Q1 2022.
  • Historically, Operating Expenses has averaged $206.7 million across 5 years, with a median of $202.2 million in 2024.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 104.25% in 2023, then declined 18.16% in 2024.
  • Over 5 years, Operating Expenses stood at $139.6 million in 2022, then soared by 40.67% to $196.3 million in 2023, then climbed by 2.73% to $201.7 million in 2024, then declined by 0.16% to $201.4 million in 2025, then soared by 81.74% to $365.9 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $365.9 million, $338.8 million, and $201.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 TechnipFMC 30.87 Bn 29.63 Bn 1.40 Bn 2.28 Bn
2 Nov 7.72 Bn 6.56 Bn 521.00 Mn 1.04 Bn
3 Cactus 4.82 Bn 4.46 Bn 215.38 Mn 365.95 Mn
4 Enerflex 2.77 Bn 2.69 Bn 139.00 Mn 81.00 Mn
5 Innovex International 2.06 Bn 1.83 Bn 83.65 Mn 50.20 Mn
6 Forum Energy Technologies 911.33 Mn 877.61 Mn 71.35 Mn 50.85 Mn
7 Flowco Holdings 898.72 Mn 898.72 Mn 49.17 Mn 79.71 Mn
8 Oil States International 509.94 Mn 490.13 Mn 38.71 Mn 144.95 Mn
9 OMS Energy Technologies 197.41 Mn 43.45 Mn - -
10 NCS Multistage Holdings 140.02 Mn 129.24 Mn 13.95 Mn 19.86 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 365.95 Mn
Mar 31, 2026 338.85 Mn
Dec 31, 2025 201.35 Mn
Sep 30, 2025 202.72 Mn
Jun 30, 2025 212.77 Mn
Mar 31, 2025 211.71 Mn
Dec 31, 2024 201.67 Mn
Sep 30, 2024 216.39 Mn
Jun 30, 2024 210.57 Mn
Mar 31, 2024 211.57 Mn
Dec 31, 2023 196.31 Mn
Sep 30, 2023 200.27 Mn
Jun 30, 2023 257.30 Mn
Mar 31, 2023 178.72 Mn
Dec 31, 2022 139.55 Mn
Sep 30, 2022 133.19 Mn
Jun 30, 2022 125.97 Mn
Mar 31, 2022 114.91 Mn
Dec 31, 2021 104.20 Mn
Sep 30, 2021 94.60 Mn