Is Cactus, Inc. (WHD) A Good Stock To Buy Now?
Cactus, Inc. (WHD), a manufacturer of surface pressure control wellhead systems and spoolable pipe, has a bullish investment thesis due to its dominant market position, high-margin segments, and recent acquisition of Baker Hughes' Surface Pressure Control business. The company's shares were trading around $57 with a $4.6 billion market capitalization.
Cactus, Inc. (WHD) is a manufacturer of surface pressure control wellhead systems and spoolable pipe serving oil and gas markets. The company operates through two high-margin segments: Surface Pressure Control and Spoolable Pipe, with a $4.6 billion market capitalization. In early 2026, Cactus acquired 65% of Baker Hughes' Surface Pressure Control business for $365 million, strengthening its global leadership. The Surface Pressure Control segment has approximately 43% U.S. market share and delivers mid-30% EBITDA margins. The Spoolable Pipe segment generates high-30% EBITDA margins. The investment thesis is strengthened by the Baker Hughes acquisition, which is expected to unlock improvements and cross-selling opportunities.
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