Filing Flows › Cactus (WHD) › Operating margin
Cactus (WHD) operating margin by quarter
Cactus' operating margin was 21.8% in Q3 2026 (third quarter 2026), +3.2 pts from Q2 2026. Over the last 7 quarters it ranged from 12.7% (Q1 2026) to 24.5% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 21.8% | +3.2 pts | -1.4 pts |
| Q2 2026 | 18.6% | +5.8 pts | -3.6 pts |
| Q1 2026 | 12.7% | -10.2 pts | -11.7 pts |
| Q4 2025 | 22.9% | -0.3 pts | — |
| Q3 2025 | 23.2% | +1.0 pts | — |
| Q2 2025 | 22.2% | -2.3 pts | — |
| Q1 2025 | 24.5% | — | — |
Q3 2026 at a glance
Cactus, Q3 2026: revenue $431M (+63% year over year), operating margin 21.8%, net earnings $62.2M, operating cash flow $18.4M. The chart follows the revenue to costs, profit and cash.
Questions
What is Cactus' operating margin?
Cactus' operating margin was 21.8% in Q3 2026 (third quarter 2026), +3.2 pts from Q2 2026.
How has Cactus' operating margin changed?
Over the last 7 quarters it ranged from 12.7% (Q1 2026) to 24.5% (Q1 2025).