NYSE$WHD

Cactus · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Cactus reported a strong Q4 2024 with stable profitability despite revenue decline.

Cactus, Inc. posted Q4 2024 revenue of $272.1 million, slightly down from Q4 2023. Net income was $57.4 million, and adjusted EPS stood at $0.71. While Pressure Control revenues declined due to lower customer activity, the Spoolable Technologies segment faced seasonal slowdowns. Despite revenue pressures, the company maintained strong operating margins and continued to generate positive cash flow.

  • Revenue of $272.1 million, a 1% decline from Q4 2023.
  • Net income of $57.4 million, with a 21.1% net income margin.
  • Adjusted EPS was $0.71, down from $0.81 in Q4 2023.
  • Cash and cash equivalents rose to $342.8 million with no bank debt.

Headline financials

Total Revenue

$272M

Previous: $275M-1.0%
EPS (adj)

$0.71

Previous: $0.81-12.3%
Adjusted EBITDA

$92.7M

Previous: $121M-23.4%
Operating Income Margin

25.9%

Previous: 27.9%-7.2%
Adjusted EBITDA Margin

34.1%

No prior period
Net Income Margin

21.1%

Previous: 20.7%+1.9%
Adjusted Net Income

$56.8M

No prior period
Adjusted Net Income Margin

20.9%

No prior period
Capital Expenditures

-$12.1M

Previous: -$10.6M-14.7%
Net Income

$46.7M

Previous: $72.2M-35.3%
Operating Income

$76.4M

Previous: $97.2M-21.4%
Gross Profit

$98M

No prior period

Revenue & EPS history

Cactus · Revenue · Quarterly

$272M

Q4 2024-1%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Cactus expects stable U.S. land activity in Q1 2025, with flat to slightly increased revenue in Pressure Control, while Spoolable Technologies may experience further seasonal softness before recovering in Q2.

Tailwinds

  • Expected stability in U.S. land activity levels.
  • Pressure Control revenue anticipated to remain flat or improve.
  • Spoolable Technologies expected to recover in Q2.
  • Ongoing efforts to expand international sales.
  • Strong balance sheet with no bank debt and ample liquidity.

Headwinds

  • Seasonal slowdowns affecting Spoolable Technologies.
  • Lower customer activity impacting Pressure Control revenues.
  • Potential tariff impacts on supply chain costs.
  • Operating margins facing pressure from input costs.
  • Macroeconomic uncertainties affecting oil and gas sector investments.

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 Q4 2024

Historical avgQ4 2024

+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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