Cactus, Inc. WHD

Company Overview

Cactus, Inc. (WHD) is a U.S.-based oilfield equipment manufacturer and service provider primarily serving the oil and gas exploration and production industry. The company specializes in pressure control equipment used during drilling, completion, and production operations, with a core focus on wellhead systems and frac stack solutions. Its primary revenue is generated through the sale and rental of highly engineered equipment designed to improve safety, reliability, and operational efficiency in unconventional resource development.

The company is widely recognized for its differentiated wellhead technology, particularly its proprietary slip-type wellhead systems that reduce installation time and enhance safety. Cactus, Inc. was founded in 2011 and completed its initial public offering in 2018, becoming listed on the New York Stock Exchange under the ticker WHD. Since its founding, the company has expanded from a niche wellhead provider into a broader pressure control solutions company, maintaining a capital-light model with strong free cash flow generation.