Cactus Inc. (NYSE: WHD) is an oilfield equipment company that designs, manufactures, sells, and rents highly engineered pressure control and spoolable pipe technologies. Revenue comes from a combination of product sales and equipment rentals directed at oil and gas well operators. Cactus was incorporated on February 17, 2017 as a Delaware corporation and completed its IPO on February 12, 2018, though operations began in August 2011 following the formation of Cactus Wellhead, LLC, founded in part by Scott Bender and Joel Bender, who have owned or operated wellhead manufacturing businesses since the late 1970s. The company serves customers in the oil and gas sector, with its products sold and rented to operators involved in well construction and completion. The filing was made on February 26, 2026 under accession number 0001628280-26-012377.

Revenue model

Cactus generates revenue through two channels: direct product sales of pressure control and spoolable pipe equipment, and equipment rentals. The mix of transactional sales and rental income reflects the capital equipment nature of oilfield wellhead and pressure control products.

Products and services

Pressure control equipment (wellhead systems) and spoolable pipe technologies, designed for well construction and completion in oil and gas operations. Products are both sold and rented to customers.

Customers and end markets

Oil and gas well operators engaged in drilling and completion activities. End market demand is tied to upstream oil and gas activity levels, including well count and drilling intensity.

Value-chain role

Manufacturer and rental provider of wellhead pressure control and spoolable pipe equipment, sitting between raw material suppliers and oil and gas exploration and production operators.

Geographic exposure

The filing excerpts do not specify geographic revenue breakdown. Cactus is incorporated in Delaware and operates in the oil and gas sector, but country-level or regional revenue splits are not supported by the available excerpts.

Source: SEC 10-K, filed 2026-02-26

Industry: Oil & Gas Field Machinery & Equipment Peers: ChampionX Corp Baker Hughes Co Halliburton Co NEXTIER OILFIELD SOLUTIONS INC. Liberty Energy Inc Nov Inc ProFrac Holding Corp SLB NV Weatherford International PLC