NYSE$WHD

Cactus · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Cactus reported Q1 2026 total revenues of $388.3M (+38% YoY) and net income attributable to Cactus Inc. of $32.9M.

For the quarter ended March 31, 2026, Cactus (WHD) posted total revenues of $388.3 million, up 38% from $280.3 million a year ago, including contributions from the Cactus International acquisition. Operating income was $49.5 million. Net income attributable to Cactus Inc. was $32.9 million versus $44.2 million in Q1 2025 when margins were higher pre-acquisition.

  • Total revenues $388.3M (+38% YoY).
  • Pressure Control revenue $300.2M (+58%).
  • Net income to Cactus Inc. $32.9M.
  • Cactus International acquisition integration ongoing.

Headline financials

Total Revenue

$388M

Previous: $280M+38.5%
Net Income

$32.9M

Previous: $44.2M-25.6%
Operating Income

$49.5M

Previous: $68.6M-27.8%

Revenue & EPS history

Cactus · Revenue · Quarterly

$388M

Q1 2026+38.5%vs Q1 2025
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

North American and international E&P activity, plus synergy capture from Cactus International, drive 2026 outlook.

Tailwinds

  • Strong revenue growth.
  • Positive operating and net income.

Headwinds

  • Net income down YoY on purchase accounting and tariffs.
  • Cyclical oilfield services demand.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.5%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+0.6%

Avg return

30 days after

67%

22 / 33 earnings

Positive

+15.7%

Q1 2020

Best reaction

-11.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.5%-0.1%+0.8%
Q4 2025-11.2%-13.4%-16.6%
Q3 2025+2.0%+2.1%+1.5%
Q1 2025+4.6%+4.9%+8.1%
Q4 2024-8.9%-15.1%-20.1%
Q3 2024+3.9%+7.5%+20.3%
Q2 2024+6.7%+9.0%+5.0%
Q1 2024-0.7%-1.6%-9.0%
Q4 2023-0.2%-1.0%+7.1%
Q3 2023+0.1%+1.0%-4.6%
Q2 2023+2.8%+3.9%+10.4%
Q1 2023-3.6%-8.8%+6.0%
Q4 2022+0.3%-2.7%-20.3%
Q3 2022+6.8%+7.5%-4.8%
Q2 2022+2.3%+10.2%+4.8%
Q1 2022-7.4%-15.3%+0.4%
Q4 2021-0.5%+5.8%+17.9%
Q3 2021-4.6%+0.4%-18.6%
Q2 2021+1.7%-0.1%+5.4%
Q1 2021+8.1%+2.5%+22.2%
Q4 2020+10.4%-2.8%-6.6%
Q3 2020+3.7%+29.6%+51.5%
Q2 2020+1.9%+6.1%+5.2%
Q1 2020+15.7%+6.6%+24.1%
Q4 2019-3.4%+6.6%-57.3%
Q3 2019+1.6%+6.9%+3.2%
Q2 2019+1.7%-4.8%-13.7%
Q1 2019+2.2%+3.6%-10.3%
Q4 2018-1.0%+2.7%+3.4%
Q3 2018+4.7%+10.5%-13.8%
Q2 2018+4.9%+5.9%+4.5%
Q1 2018+6.0%+12.5%+12.5%
Q4 2017+3.3%+4.7%+2.2%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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