Cactus Inc (WHD) - Net Assets
Based on the latest financial reports, Cactus Inc (WHD) has net assets worth $1.65 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.46 Billion) and total liabilities ($811.82 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. Also explore Cactus Inc asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.65 Billion |
| % of Total Assets | 66.97% |
| Annual Growth Rate | N/A |
| 5-Year Change | 140.84% |
| 10-Year Change | N/A |
| Growth Volatility | 15.66 |
Cactus Inc - Net Assets Trend (2015–2025)
This chart illustrates how Cactus Inc's net assets have evolved over time, based on quarterly financial data. Check Cactus Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Cactus Inc (2015–2025)
The table below shows the annual net assets of Cactus Inc from 2015 to 2025. For live valuation and market cap data, see Cactus Inc (WHD) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.43 Billion | +13.36% |
| 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 68035300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $680.35 Million | 55.48% |
| Common Stock | $688.00K | 0.06% |
| Other Comprehensive Income | $-1.58 Million | -0.13% |
| Other Components | $546.93 Million | 44.60% |
| Total Equity | $1.23 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 |
|---|---|
|
Dorman Products Inc
NASDAQ:DORM
|
$3.83 Billion |
|
Tsingtao Brewery Company Limited
F:TSI
|
$3.83 Billion |
|
Worley Ltd
AU:WOR
|
$3.83 Billion |
|
FIELMANN AG (ADR/1/5)O.N.
F:FIE1
|
$3.83 Billion |
|
Hafnia Ltd
OL:HAFNI
|
$3.83 Billion |
|
Gibson Energy Inc.
TO:GEI
|
$3.83 Billion |
|
First BanCorp.
NYSE:FBP
|
$3.83 Billion |
|
Wonik Ips Co. Ltd
KQ:240810
|
$3.83 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 2024 to 2025, total equity changed from 1,071,117,000 to 1,226,390,000, a change of 155,273,000 (14.5%).
- Net income of 166,014,000 contributed positively to equity growth.
- Dividend payments of 53,045,000 reduced retained earnings.
- Share repurchases of 5,927,000 reduced equity.
- Other comprehensive income increased equity by 914,000.
- Other factors increased equity by 47,317,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $166.01 Million | +13.54% |
| Dividends Paid | $53.05 Million | -4.33% |
| Share Repurchases | $5.93 Million | -0.48% |
| Other Comprehensive Income | $914.00K | +0.07% |
| Other Changes | $47.32 Million | +3.86% |
| Total Change | $- | 14.50% |
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: 3.11x
- 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 | $55.19 | x |
| 2016-12-31 | $-9.63 | $55.19 | x |
| 2017-12-31 | $-1.69 | $55.19 | x |
| 2018-12-31 | $11.08 | $55.19 | x |
| 2019-12-31 | $4.35 | $55.19 | x |
| 2020-12-31 | $4.68 | $55.19 | x |
| 2021-12-31 | $6.16 | $55.19 | x |
| 2022-12-31 | $7.49 | $55.19 | x |
| 2023-12-31 | $10.89 | $55.19 | x |
| 2024-12-31 | $13.40 | $55.19 | x |
| 2025-12-31 | $17.77 | $55.19 | 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): 13.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.39%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.53x
- Recent ROE (13.54%) is above the historical average (12.20%), 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 |
| 2025 | 13.54% | 15.39% | 0.58x | 1.53x | $43.38 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: $2,379,425,939
- Average return on equity (ROE) among peers: 8.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cactus Inc (WHD) | $1.65 Billion | 0.00% | 0.49x | $3.83 Billion |
| ProFrac Holding Corp. (ACDC) | $176.81 Million | -1.24% | 2.26x | $880.84 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.78 Billion |
| Archrock Inc (AROC) | $1.95 Billion | 5.03% | 1.49x | $6.43 Billion |
| Baker Hughes Co (BKR) | $17.05 Billion | 17.47% | 1.25x | $54.04 Billion |
| ChampionX Corporation (CHX) | $1.75 Billion | 6.46% | 1.01x | $4.94 Billion |
| Core Laboratories NV (CLB) | $161.00 Million | 12.25% | 2.61x | $525.96 Million |
| Drilling Tools International Corp. (DTI) | $88.69 Million | 16.63% | 0.49x | $79.74 Million |
| Dawson Geophysical Company (DWSN) | $52.69 Million | 3.57% | 0.64x | $145.95 Million |
| Enerflex Ltd. (EFXT) | $1.28 Billion | 5.78% | 0.94x | $2.93 Billion |
| Forum Energy Technologies Inc (FET) | $402.37 Million | 4.81% | 1.09x | $598.68 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. The company operates in two segments: Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellheads a… Read more