Cactus, Inc. (WHD) Form 8-K — Oct 28, 2026
Cactus, Inc. (NYSE: WHD) reported Q3 2026 revenue of $430.9 million, up 63% year-over-year, with net income of $74.1 million and diluted EPS of $0.87 versus $0.60 a year ago. Adjusted EBITDA was $132.0 million at a 30.6% margin, and backlog grew by more than $150 million sequentially to $615.6 million, nearly doubling in the Spoolable Technologies segment. The company holds $354.2 million in cash with no bank debt, declared a $0.15 per Class A share quarterly dividend, and announced Board approval of a new Spoolable Technologies manufacturing facility in the Middle East expected to commence operations in 2029.
Key figures
- Eps
- 0.87
- Revenue
- 430888000
- Guidance
- Q4 consolidated revenues expected to modestly increase; U.S. land rig count expected approximately flat; FY2026 net capital expenditures ~$65 million
- Net Income
- 74091000
- Revenue Yoy
- 63.2%
- Total Assets
- 2580027000
- Cash Position
- 354221000
- Backlog
- 615600000
- Adjusted eps
- 0.96
- Backlog growth
- $150 million sequential increase
- Adjusted ebitda
- 132025000
- Q3 2025 revenue
- 263954000
- Dividend per share
- $0.15
- Adjusted net income
- 77987000
- Revolver availability
- 263500000
- Adjusted ebitda margin
- 30.6%
- Operating cash flow q3
- 18400000
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