Cactus, Inc. (WHD) Operating Expenses (2017 - 2026)

Cactus' Operating Expenses history runs 10 years deep, the most recent figure standing at $338.8 million for Q1 2026.

• Quarterly Operating Expenses rose 60.05% year-over-year to $338.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $955.7 million (up 13.73% YoY) and the FY2025 annual result came in at $828.6 million, down 1.39% from the prior year.
• Operating Expenses was $338.8 million for Q1 2026 at Cactus, up from $201.4 million in the prior quarter.
• Across five years, Operating Expenses topped out at $338.8 million in Q1 2026 and bottomed at $114.9 million in Q1 2022.
• A 5-year average of $197.3 million and a median of $201.7 million in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2023 — Operating Expenses soared 104.25% — and 2024, when it retreated 18.16%.
• Cactus' 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 surged by 68.28% to $338.8 million in 2026.
• Business Quant data shows WHD's Operating Expenses at $338.8 million in Q1 2026, $201.4 million in Q4 2025, and $202.7 million in Q3 2025.