Cactus Inc (WHD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cactus Inc stock $63.93, price $58.12, upside +10.0%, quality 66 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $30.53 – $73.57 · fair‑value band $44.53 – $83.11 · the $58.12 price screens below the $63.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Cactus, Inc., together with its subsidiaries, designs, manufactures, sells, and rents engineered pressure control and spoolable pipe technologies in the United States, Australia, Canada, the Middle East, and internationally.
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The company operates in two segments: Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellheads and pressure control equipment under the Cactus Wellhead brand through its service centers.
Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases. This segment also offers field services for its products and rental items to assist with the installation, maintenance, and handling of the equipment.
The Spoolable Technologies segment designs, manufactures, and sells spoolable pipes and associated end fittings under the FlexSteel brand. Its products are primarily used in production, gathering, and takeaway pipelines to transport oil, gas, and other liquids.
This segment also provides field services and rental items to assist with installation through service centers and pipe yards, as well as equipment and services. The company also offers repair and refurbishment services for pressure control equipment.
Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.
Stock analysis
Cactus Inc (WHD) currently trades at $58.12, while our model-based Fair Value estimate is $63.93, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of $59.64 per share, and 7 of the 26 models we run sit above the $58.12 price.
Bear case: the Dividend Discount group reads lowest at $10.41, and 19 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $44.53 (bear) to $83.11 (bull), the price of $58.12 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Cactus Inc reported revenue of $1.1B in FY2025 versus $439M in FY2021, a compound +25.2%/yr. Reported net income was $166M in FY2025, compounding +35.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap $5.3B Mid · P/E ratio 44.7 · P/S ratio 6.88 · EPS (TTM) $1.47 · Dividend yield 1.0% · Net margin 15.4% · Return on equity 14.2% · Return on assets (EBIT) 14.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 48% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at 10%, WHD screens cheaper than that median.
Fair Value models
Bear$44.53Fair Value $63.93Bull$83.11
Price $58.12 · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.7693 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 8 officers or directors sold shares worth $70.0M and none bought.
SaleJoel BenderPresident, Director, 10% owner8× since Mar 5, 2026: 700,000 shares, avg. $59.69$41.8MNov 2, 2026
SaleScott BenderChairman and CEO, Director, 10% owner8× since Mar 5, 2026: 700,000 shares, avg. $59.69$41.8MNov 2, 2026
SaleSteven BenderCOO, EVP and CEO-SpoolableTech25,000 shares at $67.65$1.7MAug 7, 2026
SaleWilliam D MarshGC, EVP and Secretary7,178 shares at $66.32$476,045Aug 5, 2026
SaleJohn A OdonnellDirector10,000 shares at $66.13$661,300Aug 5, 2026
SaleStephen TadlockEVP/CEO Cactus Intl38,455 shares at $63.80$2.5MAug 3, 2026
SaleMichael Y McGovernDirector12,000 shares at $56.57$678,840May 12, 2026
SaleAlan SempleDirector10,206 shares at $56.62$577,864May 12, 2026
Plus 21 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.4%
Start year 2020 (pandemic). Over 10 years: +17.2% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +30.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +29.8%
Dividend (yield on the price)1.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 29.8% / −42.2%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 23%
⚠ Revenue per share shrinking 1.5%/yr over ~8Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.65 per share, median 2.55 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+24.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +6.0% a year for the price and +21.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Decent margins and cash flow mark the business while the shift to a broader platform including international pressure control and spoolable pipe reduces US rig sensitivity, yet limited evidence leaves no durable moat amid cyclical pressures.
Main risk: Complexities of international expansion through the Baker Hughes joint venture add new operational variables that could hit margins and demand stability in global pressure control activities.
Cactus is shifting from a primarily domestic wellhead supplier toward a broader platform that includes international pressure control through its Baker Hughes joint venture and growing spoolable pipe offerings. This evolution could lessen sensitivity to US rig activity while adding new variables around global operations. Will the benefits of diversification outweigh the complexities of international expansion?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Equipment & Services · 166 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)14.2% · Top 25%
Return on assets8.9% · Top 25%
Net margin (12 months)12.0% · Top 25%
Operating margin (12 months)22.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)63.2% · Top 25%
Dividend yield (12 months)1.0% · Below median
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Cactus Inc Fair Value". https://www.fairvalue-calculator.com/stock/WHD
Frequently asked questions
Is Cactus Inc (WHD) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $63.93 versus a price of $58.12, about +10% upside (fairly valued).
What is the fair value of WHD?
Our model-based fair value for Cactus Inc is $63.93 (as of Nov 7, 2026), built from audited fundamentals. The current price: $58.12.
What is the quality score of WHD?
Cactus Inc has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cactus Inc (WHD)?
Our model-based price target is the fair value of $63.93 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario $44.53, optimistic scenario $83.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Cactus Inc stock forecast for 2026?
Our models put fair value at $63.93, about +10% upside versus a price of $58.12 (fairly valued). Cautious scenario $44.53, optimistic scenario $83.11. The calculation is refreshed regularly with new filings.
What is the revenue of Cactus Inc (WHD)?
Cactus Inc reported trailing-twelve-month revenue of about $1.5B (latest available figure, as of Nov 7, 2026).
Does Cactus Inc pay a dividend?
Cactus Inc currently shows a dividend yield of 0.98% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Cactus Inc (WHD) and when is the ex-dividend date?
Cactus Inc pays a dividend of $0.57 per share a year, a dividend yield of 1.0%. The next ex-dividend date is Nov 30, 2026. A dividend has been paid every year since at least 2019. The payout ratio is 38.8% of earnings. Free cash flow covers the dividend 5.43 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Cactus Inc (WHD)?
For today's price to be fair in a discounted-cash-flow model, Cactus Inc would have to grow free cash flow by +8.5 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +25.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of WHD use?
Our models discount Cactus Inc at 10.8 %: a base by market capitalisation (mid), damped by beta 1.43, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cactus Inc that is +8.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Cactus Inc (WHD) delivered so far?
Over the past 5 years revenue at Cactus Inc grew +25.4 % a year. The price currently implies free-cash-flow growth of +8.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cactus Inc (WHD) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Cactus Inc (+8.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cactus Inc (WHD)?
The free-cash-flow yield on the price is 5.32 %: that much free cash flow Cactus Inc produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cactus Inc (WHD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cactus Inc it is $63.93 per share (as of Nov 7, 2026), against a price of $58.12. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Cactus Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, WHD trades below its calculated fair value: price $58.12, fair value $63.93, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WHD?
No. The price is what the market pays today ($58.12); the fair value is what the company's own numbers justify ($63.93). For Cactus Inc the two are $5.81 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cactus Inc worth?
The market values Cactus Inc at about $5.3B (market capitalisation, as of Nov 7, 2026). Per share that is $58.12; our models calculate a fair value of $63.93 per share.
What do the bullish and bearish scenarios say about WHD?
Our models span a range for Cactus Inc: cautious scenario $44.53, base $63.93, optimistic $83.11 per share (as of Nov 7, 2026, price $58.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WHD?
Cactus Inc trades at a price-to-earnings ratio of 44.7 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $63.93 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 27.7. Other multiples: P/B 4.3, P/S 3.5, EV/EBITDA 11.5.
How solid is the balance sheet of Cactus Inc (WHD)?
Balance-sheet figures for Cactus Inc (as of Nov 7, 2026): return on equity 14.2%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is WHD from its 52-week high?
Cactus Inc trades at $58.12, about 21% below its 52-week high of $73.57 and 48% above the low of $39.37 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $63.93 is for.
Which stocks are comparable to Cactus Inc?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Halliburton Company, Tenaris S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cactus Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $58.12, calculated fair value $63.93 (+10%), Quality Score 66/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WHD calculated?
We run Cactus Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $63.93 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Cactus Inc currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cactus Inc (WHD)?
The closing price on Nov 6, 2026 was $58.12. Our model-based fair value is $63.93, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cactus Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($44.53 to $83.11) leaves room in how you read the outcome.
Key figures of Cactus Inc
How large is the market capitalisation of Cactus Inc (WHD)?
The market capitalisation of Cactus Inc is $5.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cactus Inc (WHD)?
The price-to-sales ratio of Cactus Inc is 6.88 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cactus Inc (WHD)?
Earnings per share at Cactus Inc are $1.47 (price ÷ EPS = P/E 44.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cactus Inc (WHD)?
The dividend yield of Cactus Inc is 1.0% (payout 38.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cactus Inc (WHD)?
The net margin of Cactus Inc is 15.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cactus Inc (WHD)?
The return on equity (ROE) of Cactus Inc is 14.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cactus Inc (WHD)?
On an EBIT basis the return on assets of Cactus Inc is 14.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cactus Inc (WHD)?
The operating margin of Cactus Inc is 22.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cactus Inc (WHD)?
Revenue at Cactus Inc is growing +63.2% versus a year earlier (3y avg +16.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cactus Inc (WHD)?
Earnings per share at Cactus Inc are growing +45.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Cactus Inc (WHD) hold?
Cactus Inc holds more cash than debt, $457M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026