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Cactus vs Flowco Holdings: WHD and FLOC compared
Cactus is the larger company: $431M of revenue in its latest quarter (Q3 2026) against $259M for Flowco Holdings (Q3 2026). Cactus is growing faster (+63% against +46% a year earlier). Cactus is more profitable, with an operating margin of 21.8% against 18.5%.
Where the money goes: WHD and FLOC
Cactus (WHD) · Q3 2026
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.
Flowco Holdings (FLOC) · Q3 2026
Flowco Holdings, Q3 2026: revenue $259M (+46% year over year), operating margin 18.5%, net earnings $20.1M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
| Cactus (WHD) | Flowco Holdings (FLOC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $431M | $259M |
| Revenue growth, Y/Y | +63% | +46% |
| Operating margin | 21.8% | 18.5% |
| Net earnings | $62.2M | $20.1M |
| Net margin | 14.4% | 7.8% |
| Operating cash flow | $18.4M | $103M |
| Free cash flow | — | $72.4M |
| Market value | $4.4B | — |
| P/E | 23.9× | — |
| Analysts’ mean target | $72.11 | — |
Where the revenue comes from
Cactus
- Product revenue: $322M (75%)
- Field service and other revenue: $85.9M (20%)
- Rental revenue: $22.6M (5%)
Flowco Holdings
- Downhole Components: $99.6M (39%)
- Surface Equipment: $79.0M (31%)
- Vapor Recovery: $55.1M (21%)
- Natural Gas Production: $24.9M (10%)
Questions
Which is bigger, Cactus or Flowco Holdings?
Cactus is the larger company: $431M of revenue in its latest quarter (Q3 2026) against $259M for Flowco Holdings (Q3 2026).
Is Cactus or Flowco Holdings growing faster?
Cactus is growing faster (+63% against +46% a year earlier).
Which is more profitable, Cactus or Flowco Holdings?
Cactus is more profitable, with an operating margin of 21.8% against 18.5%.
More: Cactus earnings · how Cactus makes money · Flowco Holdings earnings · how Flowco Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.