WHD
EnergyCactus, Inc. · Oil & Gas Equipment & Services · $4B
What is Cactus, Inc.?
Cactus, Inc. is a Houston-based designer and manufacturer of wellhead and pressure control equipment serving onshore oil and gas operators across the United States, Australia, China, and Saudi Arabia. Founded in 2011, the company has built a focused niche in unconventional well infrastructure.
Cactus generates revenue by selling and renting specialized wellhead systems and pressure control equipment used during the drilling, completion, and production phases of onshore unconventional oil and gas wells. The company also provides field services — including around-the-clock installation, maintenance, and repair crews — through a network of service centers in the United States and Eastern Australia. This combination of product sales, rentals, and recurring field services creates multiple revenue streams tied to upstream drilling activity.
Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.
- Cactus SafeDrill wellhead systems for onshore drilling operations
- SafeLink monobore and SafeClamp pressure control systems
- Frac stacks and zipper manifolds for completion operations
- Production trees for the producing phase of wells
- 24-hour field installation, maintenance, and repair services
Is WHD a Good Stock to Buy?
UQS Score rates WHD as Good overall, reflecting a balanced profile with notable strengths and one area of concern.
The Quality and Risk pillars both register as Strong, suggesting Cactus operates with financial discipline and manages downside exposure relatively well for an energy equipment company. The Growth pillar also earns a Good rating, pointing to a business that is expanding at a reasonable pace within its niche. Valuation comes in at Good as well, indicating the market is not pricing WHD at an extreme premium relative to its fundamentals.
The Moat pillar is rated Weak, which signals that Cactus faces meaningful competitive pressure and may lack durable pricing power compared to larger, more diversified oilfield services peers.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does WHD pay dividends?
Yes — Cactus, Inc. pays a dividend.
Cactus pays a regular dividend, which is relatively uncommon among mid-cap energy equipment companies. This reflects the company's emphasis on returning capital to shareholders alongside reinvesting in operations. Investors seeking income exposure within the oilfield services space may find WHD's dividend cadence worth examining alongside its broader quality profile.
When does WHD report earnings?
Cactus, Inc. reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's Strong Quality and Risk pillar ratings suggest it has maintained financial discipline through recent reporting periods. Revenue trends appear tied to upstream drilling activity levels, which can introduce quarter-to-quarter variability common across the oilfield services sector.
For the most recent quarter's results and guidance, visit Cactus, Inc.'s investor relations page directly.
WHD Price History
+59.8% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Cactus, Inc.?
Based on Cactus, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
WHD Long-term Outlook
The combination of Good Growth and Strong Risk pillar ratings points to a business with a measured expansion trajectory and relatively contained downside risk. Cactus's geographic diversification into Australia and the Middle East provides some insulation from purely domestic drilling cycles. However, the Weak Moat rating is a meaningful caveat — sustained growth may depend on continued upstream capital spending rather than pricing power or switching costs. The Good Valuation rating suggests the market has not yet priced in an overly optimistic scenario.
Growth drivers
- Expanding service center footprint in the US and Eastern Australia
- Growing demand for pressure control equipment in unconventional well development
- International market exposure in Saudi Arabia and China diversifying revenue
Key risks
- Weak competitive moat leaves pricing vulnerable to larger oilfield services rivals
- Revenue sensitivity to upstream drilling activity and oil price cycles
- Valuation leaves limited margin of safety if growth disappoints
WHD vs Peers
Cactus operates in a competitive oilfield equipment and services landscape alongside companies that serve overlapping upstream energy markets.
CES focuses on production and drilling fluid chemicals rather than wellhead hardware, giving it a different exposure point within the upstream services value chain.
Oceaneering targets offshore and subsea markets, contrasting with Cactus's exclusive focus on onshore unconventional wells.
Enerflex specializes in natural gas compression and processing infrastructure, serving midstream customers rather than the wellhead-level drilling market.
Frequently Asked Questions
What does Cactus, Inc. do?
Cactus designs, manufactures, sells, and rents wellhead systems and pressure control equipment for onshore unconventional oil and gas wells. The company also provides field services including installation, maintenance, and repair through service centers in the US and Australia.
Does WHD pay dividends?
Yes, Cactus pays a regular dividend. This is relatively uncommon among mid-cap oilfield equipment companies and reflects the company's commitment to returning capital to shareholders. For current dividend details, check Cactus's investor relations page.
When does WHD report earnings?
Cactus reports earnings on a quarterly cadence, as is standard for US-listed companies. The company does not pre-announce specific dates far in advance, so check the investor relations page or a financial calendar for the next scheduled report.
Is WHD a good stock to buy?
UQS Score rates WHD as Good overall. The Quality and Risk pillars are both Strong, and Growth and Valuation are rated Good. The main concern is a Weak Moat rating. Whether that profile fits your portfolio depends on your own investment criteria — the full pillar breakdown is available to Pro members.
Is WHD overvalued?
The UQS Valuation pillar for WHD is rated Good, suggesting the stock is not trading at an extreme premium relative to its fundamentals. That said, valuation is one of five pillars — see the complete analysis for context on how it interacts with growth and quality.
How does WHD compare to its competitors?
Cactus is differentiated by its tight focus on onshore wellhead and pressure control equipment, while peers like Oceaneering target offshore markets and Enerflex serves midstream compression. CES Energy Solutions competes in production chemicals rather than hardware. Each company has a distinct exposure within the broader energy services sector.
What is WHD's market cap bracket?
Cactus, Inc. is classified as a mid-cap company. This places it in a size range that typically offers more growth potential than large-caps but with greater volatility than mega-cap peers in the energy sector.
Who founded Cactus, Inc.?
Cactus, Inc. was founded in 2011. Founding details, including the names of the original founders, are publicly available through the company's official filings and corporate history disclosures.
Is WHD a long-term quality investment?
As a long-term quality indicator, WHD's Strong Quality and Risk pillar ratings are encouraging signs of financial discipline. However, the Weak Moat rating raises questions about durable competitive advantage over time. Long-term investors should weigh these factors alongside their own risk tolerance.
What is the main competitive advantage of Cactus, Inc.?
Cactus's advantage lies in its specialized focus on wellhead systems and pressure control equipment for onshore unconventional wells, supported by a broad US service center network and 24-hour field crews. However, the UQS Moat pillar rates this advantage as Weak relative to sector peers.
What sector does WHD belong to?
Cactus, Inc. operates in the Energy sector, specifically within oilfield equipment and services. The company's revenue is closely tied to upstream drilling activity in onshore unconventional oil and gas markets in the US and internationally.
Is WHD a growth stock or value stock?
Based on UQS pillar ratings, WHD shows characteristics of both — the Growth pillar is rated Good and the Valuation pillar is also Good, suggesting moderate expansion potential without an extreme valuation premium. It does not fit neatly into either a pure growth or deep-value category.
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Pro Analysis
WHD — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 55.3 | 54.3 | 35.0 | 55.4 | 78.7 | 67.2 | -0.9 |
| May 17, 2026 | 56.2 | 55.4 | 35.0 | 55.4 | 78.7 | 71.6 | -0.1 |
| May 14, 2026 | 56.3 | 55.6 | 35.0 | 55.4 | 78.7 | 72.0 | -1.4 |
| May 12, 2026 | 57.7 | 55.5 | 35.0 | 55.4 | 78.7 | 81.0 | -4.0 |
| May 7, 2026 | 61.7 | 71.4 | 35.0 | 55.4 | 82.4 | 77.7 | +0.1 |
| May 3, 2026 | 61.6 | 71.4 | 35.0 | 55.4 | 82.4 | 77.1 | +0.1 |
| Apr 26, 2026 | 61.5 | 71.4 | 35.0 | 55.4 | 82.4 | 76.2 | -0.3 |
| Apr 22, 2026 | 61.8 | 71.4 | 35.0 | 55.4 | 82.4 | 78.6 | -5.1 |
| Apr 20, 2026 | 66.9 | 84.0 | 35.0 | 65.2 | 82.4 | 78.6 | 0.0 |
| Apr 18, 2026 | 66.9 | 84.0 | 35.0 | 65.2 | 82.4 | 78.7 | -0.6 |
WHD — Pillar Breakdown
Quality
— 54.2/100 (25%)Cactus, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 55.4/100 (20%)Cactus, Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 78.7/100 (15%)Cactus, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 67.4/100 (15%)Cactus, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 35/100 (25%)Cactus, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for WHD.
Score Composition
Financial Data
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How is the WHD UQS Score Calculated?
The UQS (Unified Quality Score) for Cactus, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Cactus, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Cactus, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.