Cactus, Inc. — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Cactus reported Q3 2026 revenue of $430.9M (up 63% YoY) and net income of $74.1M ($0.87 diluted EPS), with Adjusted EBITDA of $132.0M and 30.6% margin. The Board approved construction of a new Spoolable Technologies manufacturing facility in the Middle East (commencing 2029) and declared a $0.15/share quarterly dividend. Backlog grew to $615.6M (up >$150M in quarter), with Spoolable Technologies segment revenue up 20.2% sequentially and Pressure Control down 11.4% sequentially; cash position strong at $354.2M with zero bank debt.
Why this rating
Material backlog growth and capacity investment signal strong demand; YoY revenue growth ~63% but sequential Q3 moderation; M.E. facility is strategic but distant (2029); ~2% of market cap in capex; solid execution but guidance conservative.
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