Cactus (WHD) Operating Leases (2019 - 2026)

Cactus (WHD) reported Operating Leases of $29.9 million for Q1 2026, up 57.3% on a YoY basis from $19.0 million in Q1 2025, and up 89.58% quarter-over-quarter from $15.8 million in Q4 2025.

Cactus (WHD) Operating Leases (2019 - 2026) Analysis & Trends

Cactus has reported Operating Leases for 8 years, with the latest figure at $29.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases rose 57.3% year-over-year to $29.9 million; the trailing twelve-month figure through Mar 2026 stood at $29.9 million (up 57.3% YoY), and the FY2025 full-year result was $15.8 million, down 21.38% from the prior year.
  • Operating Leases for Q1 2026 stood at $29.9 million, up from $15.8 million in the prior quarter.
  • The five-year high for Operating Leases was $29.9 million in Q1 2026, with the low at $15.7 million in Q3 2023.
  • Historically, Operating Leases has averaged $18.5 million across 5 years, with a median of $17.9 million in 2025.
  • Annual changes were most pronounced in 2025 — Operating Leases dropped 21.38% — and 2026, when it soared 57.3%.
  • Cactus' Operating Leases stood at $18.4 million in 2022, then rose by 4.06% to $19.1 million in 2023, then gained by 5.0% to $20.1 million in 2024, then dropped by 21.38% to $15.8 million in 2025, then soared by 89.58% to $29.9 million in 2026.
  • The last three Operating Leases figures came in at $29.9 million (Q1 2026), $15.8 million (Q4 2025), and $16.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn
5 Enerflex 8.62 Bn 8.57 Bn -
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn
10 Cactus 3.91 Bn 3.86 Bn 180.86 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 29.93 Mn
Dec 31, 2025 15.79 Mn
Sep 30, 2025 16.88 Mn
Jun 30, 2025 17.94 Mn
Mar 31, 2025 19.03 Mn
Dec 31, 2024 20.08 Mn
Sep 30, 2024 19.41 Mn
Jun 30, 2024 18.95 Mn
Mar 31, 2024 20.28 Mn
Dec 31, 2023 19.12 Mn
Sep 30, 2023 15.75 Mn
Jun 30, 2023 16.36 Mn
Mar 31, 2023 17.43 Mn
Dec 31, 2022 18.38 Mn
Sep 30, 2022 17.58 Mn
Jun 30, 2022 15.86 Mn
Mar 31, 2022 16.57 Mn
Dec 31, 2021 17.65 Mn
Sep 30, 2021 17.97 Mn
Jun 30, 2021 18.22 Mn