Cactus Inc (WHD) - Net Assets
Based on the latest financial reports, Cactus Inc (WHD) has net assets worth $1.39 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.86 Billion) and total liabilities ($471.36 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Cactus Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.39 Billion |
| % of Total Assets | 74.72% |
| Annual Growth Rate | N/A |
| 5-Year Change | 129.53% |
| 10-Year Change | N/A |
| Growth Volatility | 16.42 |
Cactus Inc - Net Assets Trend (2015–2024)
This chart illustrates how Cactus Inc's net assets have evolved over time, based on quarterly financial data. Also explore WHD total asset value for the complete picture of this company's asset base.
Annual Net Assets for Cactus Inc (2015–2024)
The table below shows the annual net assets of Cactus Inc from 2015 to 2024. For live valuation and market cap data, see WHD market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.26 Billion | +18.73% |
| 2023-12-31 | $1.06 Billion | +49.87% |
| 2022-12-31 | $710.45 Million | +19.40% |
| 2021-12-31 | $595.03 Million | +8.04% |
| 2020-12-31 | $550.77 Million | +6.66% |
| 2019-12-31 | $516.39 Million | +42.52% |
| 2018-12-31 | $362.33 Million | +1100.44% |
| 2017-12-31 | $-36.22 Million | +64.95% |
| 2016-12-31 | $-103.32 Million | -10.90% |
| 2015-12-31 | $-93.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cactus Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 55213300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $552.13 Million | 51.55% |
| Common Stock | $681.00K | 0.06% |
| Other Comprehensive Income | $-2.49 Million | -0.23% |
| Other Components | $520.79 Million | 48.62% |
| Total Equity | $1.07 Billion | 100.00% |
Cactus Inc Competitors by Market Cap
The table below lists competitors of Cactus Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huaneng Power International Inc
F:HUP1
|
$3.57 Billion |
|
Beiqi Foton Motor Co Ltd
SHG:600166
|
$3.57 Billion |
|
Hengan International Group Company Limited
F:HGNC
|
$3.57 Billion |
|
Henan Mingtai Al.Industrial Co Ltd
SHG:601677
|
$3.57 Billion |
|
Ganzhou Tengyuan Cobalt New Material Co. Ltd.
SHE:301219
|
$3.57 Billion |
|
Zhejiang Taotao Vehicles Co. Ltd. A
SHE:301345
|
$3.56 Billion |
|
Schneider Electric Infrastructure Limited
NSE:SCHNEIDER
|
$3.56 Billion |
|
Kenon Holdings
TA:KEN
|
$3.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cactus Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 865,522,000 to 1,071,117,000, a change of 205,595,000 (23.8%).
- Net income of 185,407,000 contributed positively to equity growth.
- Dividend payments of 33,681,000 reduced retained earnings.
- Share repurchases of 9,331,000 reduced equity.
- Other comprehensive income decreased equity by 1,665,000.
- Other factors increased equity by 64,865,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $185.41 Million | +17.31% |
| Dividends Paid | $33.68 Million | -3.14% |
| Share Repurchases | $9.33 Million | -0.87% |
| Other Comprehensive Income | $-1.67 Million | -0.16% |
| Other Changes | $64.86 Million | +6.06% |
| Total Change | $- | 23.75% |
Book Value vs Market Value Analysis
This analysis compares Cactus Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.68x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $-2552.52 | $62.74 | x |
| 2016-12-31 | $-9.63 | $62.74 | x |
| 2017-12-31 | $-1.69 | $62.74 | x |
| 2018-12-31 | $11.08 | $62.74 | x |
| 2019-12-31 | $4.35 | $62.74 | x |
| 2020-12-31 | $4.68 | $62.74 | x |
| 2021-12-31 | $6.16 | $62.74 | x |
| 2022-12-31 | $7.49 | $62.74 | x |
| 2023-12-31 | $10.89 | $62.74 | x |
| 2024-12-31 | $13.40 | $62.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cactus Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.41%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.62x
- Recent ROE (17.31%) is above the historical average (12.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | 9.59% | 1.25x | 0.00x | $30.54 Million |
| 2016 | 0.00% | -5.27% | 0.94x | 0.00x | $2.16 Million |
| 2017 | 0.00% | 19.50% | 1.28x | 0.00x | $70.17 Million |
| 2018 | 18.03% | 12.01% | 0.93x | 1.61x | $29.10 Million |
| 2019 | 26.14% | 13.62% | 0.75x | 2.55x | $52.87 Million |
| 2020 | 9.76% | 9.88% | 0.43x | 2.31x | $-851.00K |
| 2021 | 10.58% | 11.31% | 0.45x | 2.10x | $2.73 Million |
| 2022 | 19.26% | 16.01% | 0.62x | 1.96x | $52.98 Million |
| 2023 | 19.55% | 15.42% | 0.72x | 1.76x | $82.62 Million |
| 2024 | 17.31% | 16.41% | 0.65x | 1.62x | $78.30 Million |
Industry Comparison
This section compares Cactus Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $2,152,962,583
- Average return on equity (ROE) among peers: -14.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cactus Inc (WHD) | $1.39 Billion | 0.00% | 0.34x | $3.57 Billion |
| ProFrac Holding Corp. (ACDC) | $1.08 Billion | -19.99% | 1.78x | $980.32 Million |
| Atlas Energy Solutions Inc. (AESI) | $338.70 Million | 1.26% | 0.61x | $2.35 Billion |
| Archrock Inc (AROC) | $1.49 Billion | 21.61% | 1.92x | $6.43 Billion |
| Baker Hughes Co (BKR) | $14.54 Billion | -4.17% | 0.59x | $63.38 Billion |
| ChampionX Corporation (CHX) | $1.83 Billion | 17.49% | 0.90x | $4.94 Billion |
| Core Laboratories NV (CLB) | $75.57 Million | -129.20% | 6.52x | $605.25 Million |
| Drilling Tools International Corp. (DTI) | $88.69 Million | 16.63% | 0.49x | $101.86 Million |
| Dawson Geophysical Company (DWSN) | $17.28 Million | -23.84% | 0.79x | $97.51 Million |
| Enerflex Ltd. (EFXT) | $1.04 Billion | 11.29% | 0.77x | $3.26 Billion |
| Forum Energy Technologies Inc (FET) | $1.03 Billion | -36.31% | 0.78x | $634.06 Million |
About Cactus Inc
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. It operates in two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressur… Read more