Stock fact sheet · data as of
Cactus, Inc. (WHD): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Equipment & Services · United States · Blend
Is WHD undervalued?
At 62.52 (close of 16 Oct 2026), WHD trades 29% over the GLS average fair value of 48.58. 2 of the 9 models land above the price and 7 below. A negative margin of safety costs Value points in the Wheel Score (1 of 25 here) - the models see no discount, which does not make the business a poor one, only the price a full one.
There is a wide gap between DDM (8.39) and Payback Time (104.53). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files WHD under Blend.
Nine valuation models for WHD
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 61.11 | -2% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 21.74 | -65% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 51.78 | -17% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 21.48 | -66% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 51.78 | -17% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 103.33 | +65% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 104.53 | +67% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 8.39 | -87% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 13.08 | -79% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 7.40 | -88% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 72.67 | +16% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Cactus, Inc. scores only 4 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 4.0/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are high - ROIC 13.1%, ROE 13.5%, ROA 8.9% - with debt at 0.03 times equity and a free-cash-flow yield of 7.4%.
The dividend yield is 0.91% with a payout ratio of 58% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Product 78%, Product and Service, Other 18%, Rental Revenue 4% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 13.1% |
|---|---|---|---|
| GLS Moat | 4.0 / 10 | ROE | 13.5% |
| Debt / equity | 0.03 | ROA | 8.9% |
| Free-cash-flow yield | 7.4% | Payout ratio | 58% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 51: Fair
A Wheel Score of 51 puts Cactus, Inc. in the Fair band - below the 70 the Sunday Scan requires. Value 1/25, Health 9/20, Moat 6/15, Premium 20/20 and Stability 15/20; the weakest part is Value (1/25).
Implied volatility is 38% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 5,941 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 805k shares a day on a market cap of $4.4B, with a beta of 1.43 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 1 / 25 | -29% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 6 / 15 | moat 4.0/10 | |
| Premium | 20 / 20 | implied volatility 38% | |
| Stability | 15 / 20 | 805k shares/day, $4.4B cap, beta 1.43 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Equipment & Services
The 12 companies below are the closest to Cactus, Inc. by market cap within the Oil & Gas Equipment & Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| OII Oceaneering International, Inc. | 43.05 | 76.59 | +44% | 83Prime | $4.3B |
| SEI Solaris Energy Infrastructure, Inc. | 69.37 | 27.99 | -148% | 48Weak | $4.6B |
| TDW Tidewater Inc. | 82.78 | 174.18 | +52% | 80Prime | $4.1B |
| KGS Kodiak Gas Services, Inc. | 47.81 | 27.34 | -75% | 62Fair | $4.8B |
| AROC Archrock, Inc. | 29.25 | 47.33 | +38% | 91Prime | $5.1B |
| WFRD Weatherford International plc | 75.45 | 171.67 | +56% | 86Prime | $5.4B |
| EFXT Enerflex Ltd. | 24.44 | 23.33 | -5% | 71Good | $3.0B |
| NOV NOV Inc. | 18.64 | 18.66 | +0% | 69Good | $6.6B |
| LBRT Liberty Energy Inc. | 16.70 | 17.28 | +3% | 65Good | $2.7B |
| WTTR Select Water Solutions, Inc. | 18.83 | 8.70 | -117% | 52Fair | $2.4B |
| EROK EagleRock Land LLC | 18.30 | 651.13 | +97% | 39No options | $2.0B |
| NESR National Energy Services Reunited Corp. | 19.11 | 42.83 | +55% | 81Prime | $1.9B |
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Start free See the Sunday ScanQuestions about WHD
Is WHD undervalued right now?
No: at 62.52 the stock trades 29% above the GLS average fair value of 48.58 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of WHD and what does it mean?
WHD scores 51 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for WHD?
48.58 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Cactus, Inc. report earnings next?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does WHD have listed options, and how liquid are they?
Yes. The nightly snapshot found 208 listed contracts with 5,941 open interest across all expiries and implied volatility of 38% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.