Product Revenue was Cactus’s largest product and service line in fiscal 2025, bringing in $825.47M of $1.08B (76%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Product Revenue | $452.62M | $810.38M | $852.27M | $825.47M | ||||||
| Field Service & Other Revenue | $135.30M | $172.95M | $175.76M | $168.34M | ||||||
| Rental Revenue | $100.45M | $113.63M | $101.79M | $85.24M | ||||||
| Total | $688.37M | $1.10B | $1.13B | $1.08B |
Cactus brought in $1.08B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 4.5% from $1.13B in fiscal 2024. Product Revenue was the largest at $825.47M (76.5%), ahead of Field Service & Other Revenue at $168.34M (15.6%) and Rental Revenue at $85.24M (7.9%).
Compared with fiscal 2024, every line above 2% of revenue shrank. Product Revenue held up best, down 3.1% to $825.47M, and Rental Revenue fell the most, down 16.3% to $85.24M. From fiscal 2022 to 2025, combined revenue from these lines grew from $688.37M to $1.08B, a compound annual growth rate of 16.2%. Product Revenue's share of the total rose from 65.8% to 76.5%.
Pressure Control was Cactus’s largest segment in fiscal 2025, bringing in $717.19M of $1.09B (66%).
| Segment | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Pressure Control | $688.37M | $756.73M | $724.04M | $717.19M | |
| Spoolable Technologies | — | $340.23M | $407.04M | $368.25M | |
| Total | $688.37M | $1.10B | $1.13B | $1.09B |
Cactus brought in $1.09B from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 4.0% from $1.13B in fiscal 2024. Pressure Control was the largest at $717.19M (66.1%), ahead of Spoolable Technologies at $368.25M (33.9%).
Compared with fiscal 2024, Pressure Control fell 0.9% to $717.19M and Spoolable Technologies fell 9.5% to $368.25M.
Cactus began breaking out Spoolable Technologies in fiscal 2023, when it brought in $340.23M.
Cactus (WHD) reports its revenue by product and service and by segment. In fiscal 2025, Product Revenue was its largest product and service line, bringing in $825.47M (76.5% of the total), followed by Field Service & Other Revenue at $168.34M (15.6%).
Product Revenue was Cactus' largest product and service line in fiscal 2025, bringing in $825.47M, or 76.5% of the $1.08B total across its three product and service lines.
Pressure Control was Cactus' largest segment in fiscal 2025, bringing in $717.19M, or 66.1% of the $1.09B total across its two segments.
Every figure comes from Cactus' annual financial filings, as reported. Each line keeps the name Cactus gives it, and years follow its fiscal calendar.
Cactus' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.