Filing Flows › Cactus (WHD) › How it makes money
How Cactus (WHD) makes money
Cactus (WHD) made $431M of revenue in the third quarter 2026 (Q3 2026), +63% from a year earlier. Product revenue brought in $322M (75%); Field service and other revenue brought in $85.9M (20%); Rental revenue brought in $22.6M (5%). Of every dollar of revenue, 22¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product revenue | $322M | 74.8% | -8% | +56% |
| Field service and other revenue | $85.9M | 19.9% | +6% | +116% |
| Rental revenue | $22.6M | 5.2% | +21% | +30% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $431M | 100.0% |
| Operating profit | $94.0M | 21.8% |
| Income tax | $20.7M | 4.8% |
| Net earnings | $62.2M | 14.4% |
| Operating cash flow | $18.4M | 4.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $431M | +63% |
| Q2 2026 | $450M | +64% |
| Q1 2026 | $388M | +38% |
| Q4 2025 | $261M | -4% |
| Q3 2025 | $264M | -10% |
| Q2 2025 | $274M | -6% |
| Q1 2025 | $280M | +2% |
From Cactus' 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Cactus make money?
Cactus (WHD) made $431M of revenue in the third quarter 2026 (Q3 2026), +63% from a year earlier. Product revenue brought in $322M (75%); Field service and other revenue brought in $85.9M (20%); Rental revenue brought in $22.6M (5%). Of every dollar of revenue, 22¢ was left as operating profit, 14¢ was left as net earnings.
What is Cactus' biggest business?
Product revenue: $322M in the third quarter 2026, 75% of revenue, +56% from a year earlier.
What is Cactus' profit margin?
Net earnings were $62.2M, 14.4% of revenue, in the third quarter 2026; the operating margin was 21.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.