Cactus (WHD) Operating Expenses (2017 - 2026)
Cactus (WHD) posted quarterly Operating Expenses of $365.9 million for Q2 2026, up 71.99% year-over-year from $212.8 million in Q2 2025, and up 8.0% on a QoQ basis from $338.8 million in Q1 2026.
Cactus (WHD) Operating Expenses (2017 - 2026) Analysis & Trends
Cactus has reported Operating Expenses for 10 years, with the latest figure at $365.9 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $365.9 million, up 71.99% year-over-year; the trailing twelve-month figure through Jun 2026 was $1.1 billion (up 31.61% YoY), and the FY2025 annual result was $828.6 million, down 1.39% from the prior year.
- Operating Expenses climbed to $365.9 million in Q2 2026, from $338.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $365.9 million in Q2 2026 and troughed at $114.9 million in Q1 2022.
- A 5-year average of $206.7 million and a median of $202.2 million in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2023, when Operating Expenses soared 104.25%; it then retreated 18.16% in 2024.
- A 5-year view of Operating Expenses shows it stood at $139.6 million in 2022, then jumped by 40.67% to $196.3 million in 2023, then gained by 2.73% to $201.7 million in 2024, then slipped by 0.16% to $201.4 million in 2025, then jumped by 81.74% to $365.9 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $365.9 million in Q2 2026, $338.8 million in Q1 2026, and $201.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 39.97 Mn |
| 10 | Cactus | 4.81 Bn | 4.44 Bn | 215.38 Mn | 365.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |