Cactus, Inc. Class A (WHD)

Cactus, Inc. (WHD) stock has shown mixed returns, with a positive year-to-date return but a negative three-month return. Key events include strong Q1 2026 earnings, driven by the Cactus International business, and the acquisition of Baker Hughes' Surface Pressure Control Business. Analyst sentiment is moderately positive, with several firms upgrading price targets. There has been notable insider selling. The stock price has been influenced by oil price volatility, geopolitical tensions, and tariff impacts.

The demand for Cactus, Inc.'s products and services can exhibit seasonality. The Spoolable Technologies segment experienced seasonal declines in revenue during the fourth quarter of 2025 due to lower U.S. customer activity levels.

Cactus, Inc. (WHD) is an energy equipment and services company based in Houston, Texas, that designs, manufactures, sells, and rents pressure control and spoolable pipe technologies. The company operates in the Oil & Gas Equipment & Services industry, with two main segments: Pressure Control and Spoolable Technologies. The Pressure Control segment offers wellheads and pressure control equipment under the Cactus Wellhead brand, while the Spoolable Technologies segment, operating under the FlexSteel brand, provides spoolable pipe and associated end fittings.

Cactus, Inc. has a global operating footprint, including the United States, Australia, Canada, and the Middle East. Manufacturing facilities are located in Bossier City, Louisiana, Suzhou, and Vietnam. The acquisition of a majority interest in Baker Hughes' Surface Pressure Control business is expected to increase its customer base and presence in the Middle East, contributing over 30% of pro-forma revenue from the region.

Cactus, Inc. has a strong brand reputation for reliable and efficient products and services, particularly in the U.S. market for wellhead and pressure control equipment. Its SafeDrill™ technology is recognized for reducing installation time and improving safety. The company's focus on technological expertise and customer service has fostered strong relationships within the energy sector.

Cactus, Inc. (WHD) is primarily owned by institutional investors, including BlackRock Institutional Trust Company, N.A., The Vanguard Group, Inc., and FMR LLC. The Bender family, including co-founders Scott Bender and Joel Bender, also holds significant ownership through individual holdings and Cactus WH Enterprises, LLC.