Filing Flows › Comparisons › WHD vs INVX
Cactus vs Innovex International: WHD and INVX compared
Cactus is the larger company: $431M of revenue in its latest quarter (Q3 2026) against $265M for Innovex International (Q3 2026). Cactus is growing faster (+63% against +10% a year earlier). Cactus is more profitable, with an operating margin of 21.8% against 12.2%.
Where the money goes: WHD and INVX
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.
Innovex International (INVX) · Q3 2026
Innovex International, Q3 2026: revenue $265M (+10% year over year), operating margin 12.2%, net earnings $26.3M, operating cash flow $38.8M. The chart follows the revenue to costs, profit and cash.
| Cactus (WHD) | Innovex International (INVX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $431M | $265M |
| Revenue growth, Y/Y | +63% | +10% |
| Operating margin | 21.8% | 12.2% |
| Net earnings | $62.2M | $26.3M |
| Net margin | 14.4% | 9.9% |
| Operating cash flow | $18.4M | $38.8M |
| Free cash flow | — | $32.4M |
| 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%)
Innovex International
- Product: $190M (72%)
- Leasing: $43.4M (16%)
- Service: $31.3M (12%)
Questions
Which is bigger, Cactus or Innovex International?
Cactus is the larger company: $431M of revenue in its latest quarter (Q3 2026) against $265M for Innovex International (Q3 2026).
Is Cactus or Innovex International growing faster?
Cactus is growing faster (+63% against +10% a year earlier).
Which is more profitable, Cactus or Innovex International?
Cactus is more profitable, with an operating margin of 21.8% against 12.2%.
More: Cactus earnings · how Cactus makes money · Innovex International earnings · how Innovex International 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.