Cactus Management
Management criteria checks 4/4
Cactus' CEO is Scott Bender, appointed in Jan 2011, has a tenure of 15.33 years. total yearly compensation is $2.52M, comprised of 17.8% salary and 82.2% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth $7.63M. The average tenure of the management team and the board of directors is 2.8 years and 11.3 years respectively.
Key information
Scott Bender
Chief executive officer
US$2.5m
Total compensation
| CEO salary percentage | 17.83% |
| CEO tenure | 15.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.8yrs |
| Board average tenure | 11.3yrs |
Recent management updates
Recent updates
Narrative Update • Apr 26
WHD: International Expansion And Margin Execution Will Guide Post Selloff Repricing Prospects
Narrative Update on Cactus The analyst price target for Cactus has been raised by $1.67 to reflect updated fair value assumptions and recent research, with analysts highlighting what they see as solid recent results, a reset of expectations around the International and Surface Pressure Control businesses, and potential margin optimization across U.S. and international markets. Analyst Commentary Recent research on Cactus has centered on the reset in expectations around its International and Surface Pressure Control businesses, along with updated views on margin potential and valuation.Narrative Update • Apr 12
WHD: International Expansion And Margin Optimization Will Shape Post Selloff Repricing Potential
Analysts have lifted the average price target on Cactus to the low $60s, reflecting updated views that see recent post earnings weakness as overdone, supported by expectations for growth in the International and Surface Pressure Control businesses, and continued margin optimization across U.S. and international markets. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets into the low US$60s, framing the recent pullback after earnings as creating a more appealing entry point relative to their updated expectations.Narrative Update • Mar 27
WHD: International Expansion And Margin Optimization Will Support Repricing After Earnings Selloff
Narrative Update on Cactus The analyst price target for Cactus has moved from $51.50 to about $56.56, with analysts pointing to a solid Q4 report, views that the recent post earnings selloff was a surprising overreaction, and expectations around international growth and margin optimization as key drivers of their updated views. Analyst Commentary Recent research on Cactus highlights a mix of optimism around growth initiatives and caution around execution risks, especially following the post earnings share reaction.
Narrative Update • Mar 13
WHD: International Expansion And Margin Work May Support Higher Future Upside
Analysts have nudged their average price target on Cactus higher into the low $60s, citing a solid Q4 report, what they see as an overdone post earnings selloff, and expectations that the recently acquired international pressure control business and ongoing margin optimization could support the updated fair value estimate of about $69.0 per share. Analyst Commentary Recent research has leaned supportive of Cactus, with several bullish analysts lifting their price targets into the low to mid $60s and initiating coverage with targets above that range.Narrative Update • Feb 27
WHD: International Expansion May Usher In New Era Of Transformative Growth
Analysts have raised their price target on Cactus from $57.00 to about $69.54, citing expectations for a “new era of transformative growth” supported by international expansion of the Surface Pressure Control business and potential margin optimization across U.S. and overseas markets. Analyst Commentary Bullish analysts are framing the recent price target increase on Cactus as part of a broader re-rating story tied to execution on international expansion and profitability.
New Narrative • Feb 25
Tariff Reliance And Vietnam Sourcing Expansion Will Pressure Margins And Future Earnings
Catalysts About Cactus Cactus supplies pressure control equipment and spoolable pipe products to energy producers across U.S. land and international markets. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 13
WHD: Stable Assumptions And Slight P/E Shift Will Sustain Overvaluation
Analysts kept their $51.50 price target for Cactus unchanged, citing steady assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as support for maintaining their outlook. Valuation Changes Fair Value: Steady at $51.50, with no change in the modelled estimate.Narrative Update • Jan 30
WHD: Slightly Higher Multiple And Margins Will Support Fair Value Outlook
Analysts have nudged their price target for Cactus higher from US$48.63 to US$51.50, reflecting updated assumptions around slightly adjusted revenue growth, a modestly different discount rate, a small shift in expected profit margins, and a revised forward P/E multiple. Valuation Changes Fair Value Estimate: Price target moved from US$48.63 to US$51.50, representing a small upward adjustment in the modelled valuation.Narrative Update • Nov 29
WHD: Rising Revenue Expectations And Lower P E Ratio Will Drive Upside
Analysts have raised their price target for Cactus, increasing it slightly from $48.38 to $48.63. This reflects modest expectations of stronger revenue growth, a small uptick in the discount rate, and updated profit and valuation forecasts.Narrative Update • Nov 15
WHD: Profit Margin Recovery And Discount Rate Will Support Higher Share Prices
Analysts have updated their price target for Cactus, maintaining the fair value estimate at $48.38. They have adjusted expectations based on lowered profit margin projections and a higher anticipated future price-to-earnings ratio.Analysis Article • Nov 09
Even With A 28% Surge, Cautious Investors Are Not Rewarding Cactus, Inc.'s (NYSE:WHD) Performance Completely
Cactus, Inc. ( NYSE:WHD ) shareholders would be excited to see that the share price has had a great month, posting a...Narrative Update • Nov 01
WHD: Increased Margins And Slower Revenue Will Shape Market Performance
Analysts have slightly lowered their price target for Cactus to $48.38 from $48.50. They cite updated expectations for slower revenue growth, but a stronger profit margin outlook.Narrative Update • Oct 17
Middle East Expansion And Rising Energy Demand Will Transform Markets
Analysts have slightly lowered their price target for Cactus from $49.63 to $48.50. They cite modest adjustments to revenue growth and discount rate projections, along with improving profit margin expectations.Seeking Alpha • Sep 19
Cactus: Stable Margins, Expanding Strategy Beyond North America
Summary Cactus faces margin pressure from steel tariffs and softening frac activity but maintains strong liquidity and operational discipline. WHD's international expansion via the Baker Hughes Surface Pressure Control deal and growth in spoolable pipe, CCUS, and hydrogen provide long-term upside. Despite near-term EBITDA moderation, cost control and efficiency gains support margin stability, though the stock remains relatively overvalued vs. peers. Read the full article on Seeking AlphaAnalysis Article • Aug 21
Cactus (NYSE:WHD) Has Announced That It Will Be Increasing Its Dividend To $0.14
The board of Cactus, Inc. ( NYSE:WHD ) has announced that the dividend on 18th of September will be increased to $0.14...Analysis Article • Aug 03
Cactus, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
There's been a notable change in appetite for Cactus, Inc. ( NYSE:WHD ) shares in the week since its second-quarter...Analysis Article • Jun 29
If EPS Growth Is Important To You, Cactus (NYSE:WHD) Presents An Opportunity
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • May 21
Is There An Opportunity With Cactus, Inc.'s (NYSE:WHD) 34% Undervaluation?
Key Insights The projected fair value for Cactus is US$64.46 based on 2 Stage Free Cash Flow to Equity Cactus' US$42.48...Analysis Article • Apr 09
Earnings Working Against Cactus, Inc.'s (NYSE:WHD) Share Price Following 26% Dive
Unfortunately for some shareholders, the Cactus, Inc. ( NYSE:WHD ) share price has dived 26% in the last thirty days...Seeking Alpha • Feb 20
Cactus: Catching A Tailwind From Deregulation
Summary Cactus Inc. has consistently posted strong EPS growth despite fluctuating political climates, demonstrating resilience and industry dominance. President Trump's deregulatory policies favor Cactus, boosting oil and gas production and benefiting the company's growth and profitability. Cactus has impressive financial metrics: 58% EPS growth, 21.4% revenue growth, 19.6% return on equity, and 16.6% net margins. Future growth prospects are strong, with potential surges in oil and gas demand aligning well with Cactus's capacity and market position. Read the full article on Seeking AlphaAnalysis Article • Feb 05
Calculating The Intrinsic Value Of Cactus, Inc. (NYSE:WHD)
Key Insights Cactus' estimated fair value is US$59.43 based on 2 Stage Free Cash Flow to Equity Current share price of...Analysis Article • Dec 31
Cactus, Inc.'s (NYSE:WHD) Business Is Yet to Catch Up With Its Share Price
Cactus, Inc.'s ( NYSE:WHD ) price-to-earnings (or "P/E") ratio of 20.4x might make it look like a sell right now...Analysis Article • Dec 12
Should You Be Adding Cactus (NYSE:WHD) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Oct 16
Is Cactus, Inc. (NYSE:WHD) Expensive For A Reason? A Look At Its Intrinsic Value
Key Insights The projected fair value for Cactus is US$47.25 based on 2 Stage Free Cash Flow to Equity Cactus is...Seeking Alpha • Oct 06
Cactus Looks To Strengthen Margin Despite The Challenges
Summary WHD maintains a "hold" rating due to steady product innovation, cost minimization, and Middle East expansion, despite challenges in US drilling activity and international shipments. The company benefits from new wellhead systems, spoolable technology, and Flexsteel acquisition, enhancing cost structure and operational efficiency. WHD's strong balance sheet and liquidity support dividend hikes, but geopolitical risks pose potential threats. Read the full article on Seeking AlphaAnalysis Article • Sep 28
Cactus, Inc.'s (NYSE:WHD) Shareholders Might Be Looking For Exit
With a price-to-earnings (or "P/E") ratio of 20.4x Cactus, Inc. ( NYSE:WHD ) may be sending bearish signals at the...
New Narrative • Aug 30
Next-Generation Wellhead Innovation Sparks Efficiency, Expansion, And Investor Confidence
Introduction of a next-gen wellhead system and expansion into international markets are set to enhance efficiency and broaden revenue sources.Analysis Article • Aug 23
Here's Why We Think Cactus (NYSE:WHD) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Seeking Alpha • Jul 02
Cactus, Inc. Is Too Spiny
Summary Cactus, Inc. is a $3.4 billion market oilfield service company supplying wellhead equipment. Its dividend is small at 0.9%. Energy sector consolidation has reduced the demand for oilfield service companies like Cactus. For shale, this is somewhat offset by the need for constant drilling to replenish quick-decline reserves. 82% of Cactus’ equity is in publicly traded Class A shares; 18% is non-public Class B shares. The three top executives are family members, so related to one another. Read the full article on Seeking AlphaAnalysis Article • Jun 13
Estimating The Intrinsic Value Of Cactus, Inc. (NYSE:WHD)
Key Insights The projected fair value for Cactus is US$61.49 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • May 26
Market Participants Recognise Cactus, Inc.'s (NYSE:WHD) Earnings
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...Analysis Article • May 08
Why We Think The CEO Of Cactus, Inc. (NYSE:WHD) May Soon See A Pay Rise
Key Insights Cactus will host its Annual General Meeting on 14th of May Total pay for CEO Scott Bender includes...Analysis Article • Apr 16
Does Cactus (NYSE:WHD) Deserve A Spot On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | US$3m | US$450k | US$166m |
| Sep 30 2025 | n/a | n/a | US$173m |
| Jun 30 2025 | n/a | n/a | US$181m |
| Mar 31 2025 | n/a | n/a | US$191m |
| Dec 31 2024 | US$3m | US$450k | US$185m |
| Sep 30 2024 | n/a | n/a | US$188m |
| Jun 30 2024 | n/a | n/a | US$190m |
| Mar 31 2024 | n/a | n/a | US$165m |
| Dec 31 2023 | US$3m | US$442k | US$169m |
| Sep 30 2023 | n/a | n/a | US$151m |
| Jun 30 2023 | n/a | n/a | US$130m |
| Mar 31 2023 | n/a | n/a | US$132m |
| Dec 31 2022 | US$3m | US$392k | US$110m |
| Sep 30 2022 | n/a | n/a | US$94m |
| Jun 30 2022 | n/a | n/a | US$75m |
| Mar 31 2022 | n/a | n/a | US$59m |
| Dec 31 2021 | US$2m | US$225k | US$50m |
| Sep 30 2021 | n/a | n/a | US$38m |
| Jun 30 2021 | n/a | n/a | US$31m |
| Mar 31 2021 | n/a | n/a | US$27m |
| Dec 31 2020 | US$2m | US$123k | US$34m |
| Sep 30 2020 | n/a | n/a | US$49m |
| Jun 30 2020 | n/a | n/a | US$62m |
| Mar 31 2020 | n/a | n/a | US$78m |
| Dec 31 2019 | US$2m | US$300k | US$86m |
Compensation vs Market: Scott's total compensation ($USD2.52M) is below average for companies of similar size in the US market ($USD7.23M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
CEO
Scott Bender (71 yo)
15.3yrs
Tenure
US$2,524,459
Compensation
Mr. Scott J. Bender is Chief Executive Officer & Chairman of the Board of Directors of Cactus Wellhead, LLC from August 2023. Mr. Bender was President of Cactus Wellhead, LLC. Mr. Bender founded Cactus LLC...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 15.3yrs | US$2.52m | 0.17% $ 7.6m | |
| President & Director | 2.8yrs | US$2.53m | 0.34% $ 14.9m | |
| CFO, Principal Accounting Officer | 1.9yrs | US$1.40m | 0.0058% $ 255.7k | |
| Chief Operating Officer | 2.8yrs | US$1.75m | 0.14% $ 6.3m | |
| Executive VP | less than a year | US$1.76m | 0.12% $ 5.2m | |
| Executive VP | 4yrs | US$2.01m | 0.037% $ 1.6m | |
| Vice President of Human Resources | 2.8yrs | no data | no data | |
| Director of Corporate Development & Investor Relations | no data | no data | no data |
2.8yrs
Average Tenure
62yo
Average Age
Experienced Management: WHD's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 15.3yrs | US$2.52m | 0.17% $ 7.6m | |
| President & Director | 15.3yrs | US$2.53m | 0.34% $ 14.9m | |
| Independent Director | 15.3yrs | US$228.19k | 0.040% $ 1.8m | |
| Lead Independent Director | 8.3yrs | US$223.19k | 0.023% $ 1.0m | |
| Independent Director | 15.3yrs | US$208.19k | 0.026% $ 1.1m | |
| Independent Director | 11.3yrs | US$218.19k | 0.040% $ 1.8m | |
| Independent Director | 9.1yrs | US$233.19k | 0.057% $ 2.5m | |
| Independent Director | 4.8yrs | US$223.19k | 0.040% $ 1.7m | |
| Independent Director | 6.3yrs | US$223.19k | 0.023% $ 1.0m |
11.3yrs
Average Tenure
71yo
Average Age
Experienced Board: WHD's board of directors are seasoned and experienced ( 11.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/06 13:47 |
| End of Day Share Price | 2026/05/06 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cactus, Inc. is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| J. David Anderson | Barclays |
| J. David Anderson | Barclays |
| Saurabh Pant | BofA Global Research |