Growth Metrics

Cactus (WHD) Operating Expenses (2017 - 2026)

Cactus filings provide 9 years of Operating Expenses readings, the most recent being $201.4 million for Q4 2025.

  • On a quarterly basis, Operating Expenses changed 0.16% to $201.4 million in Q4 2025 year-over-year; TTM through Dec 2025 was $828.6 million, a 1.39% decrease, with the full-year FY2025 number at $828.6 million, down 1.39% from a year prior.
  • Operating Expenses hit $201.4 million in Q4 2025 for Cactus, down from $202.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $257.3 million in Q2 2023 to a low of $72.8 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $198.3 million (2023), compared with a mean of $168.9 million.
  • Biggest five-year swings in Operating Expenses: plummeted 36.13% in 2021 and later surged 104.25% in 2023.
  • Cactus' Operating Expenses stood at $104.2 million in 2021, then soared by 33.92% to $139.6 million in 2022, then soared by 40.67% to $196.3 million in 2023, then rose by 2.73% to $201.7 million in 2024, then decreased by 0.16% to $201.4 million in 2025.
  • The last three reported values for Operating Expenses were $201.4 million (Q4 2025), $202.7 million (Q3 2025), and $212.8 million (Q2 2025) per Business Quant data.