WHD Profit Margins - Cactus, Inc.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	—	18.59%	10.90%
2026-03-31	—	12.75%	8.47%
2025-12-31	—	22.91%	15.25%
2025-09-30	—	23.20%	15.77%
2025-06-30	—	22.23%	14.74%
2025-03-31	—	24.48%	15.78%
2024-12-31	—	25.89%	17.16%
2024-09-30	—	26.19%	17.03%
2024-06-30	—	27.49%	17.16%
2024-03-31	—	22.82%	14.21%
2023-12-31	—	28.58%	17.81%
2023-09-30	—	30.43%	18.27%
2023-06-30	—	15.87%	8.09%
2023-03-31	—	21.75%	18.78%
2022-12-31	—	25.68%	16.50%
2022-09-30	—	27.81%	17.03%
2022-06-30	—	25.99%	15.95%
2022-03-31	—	21.24%	14.13%
2021-12-31	—	19.79%	11.56%
2021-09-30	—	18.00%	10.94%
2021-06-30	—	15.90%	9.54%
2021-03-31	—	13.78%	13.69%
2020-12-31	—	12.37%	4.70%
2020-09-30	—	21.00%	10.42%
2020-06-30	—	13.34%	9.06%
2020-03-31	—	26.07%	12.32%
2019-12-31	—	25.73%	12.88%
2019-09-30	—	29.30%	12.03%
2019-06-30	—	30.54%	12.71%
2019-03-31	—	30.52%	16.87%
2018-12-31	—	31.37%	12.10%
2018-09-30	—	34.60%	12.39%
2018-06-30	—	33.55%	8.90%
2018-03-31	—	30.59%	3.26%
2017-12-31	—	27.42%	21.77%
2017-09-30	—	29.22%	23.22%
2017-06-30	—	26.96%	20.25%
2017-03-31	—	17.08%	8.30%

Date	Gross margin	Operating margin	Net margin
2025-12-31	—	23.21%	15.39%
2024-12-31	—	25.63%	16.41%
2023-12-31	—	24.10%	15.42%
2022-12-31	—	25.39%	16.01%
2021-12-31	—	17.20%	11.31%
2020-12-31	—	20.09%	9.88%
2019-12-31	—	29.14%	13.62%
2018-12-31	—	32.66%	9.50%
2017-12-31	—	26.04%	19.50%
2016-12-31	—	6.85%	-5.27%