← Cactus, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $70.8m | $202.6m | $288.7m | $301.7m | $344.5m | $133.8m | $342.8m | $123.6m | |
| Accounts receivable, net of allowance of $4,494 and $3,779, respectively | $92.3m | $87.9m | $44.1m | $89.2m | $138.3m | $205.4m | $191.6m | $164.5m | |
| Inventories | $99.8m | $113.4m | $87.5m | $119.8m | $161.3m | $205.6m | $226.8m | $276.6m | |
| Prepaid expenses and other current assets | $11.6m | $11.0m | $4.9m | $7.8m | $10.6m | $11.4m | $13.4m | $19.2m | |
| Total current assets | $274.5m | $414.9m | $425.1m | $518.5m | $654.6m | $556.2m | $774.7m | $954.9m | |
| Property and equipment, net | $142.1m | $161.7m | $142.8m | $129.1m | $130.0m | $345.5m | $346.0m | $342.6m | |
| Intangible assets, net | — | — | — | — | $0 | $180.0m | $164.0m | $148.0m | |
| Goodwill | $7.8m | $7.8m | $7.8m | $7.8m | $7.8m | $203.0m | $203.0m | $203.0m | |
| Operating lease right-of-use assets, net | — | $26.6m | $22.0m | $22.5m | $23.2m | $23.5m | $24.1m | $19.5m | |
| Other noncurrent assets | $1.3m | $1.4m | $1.2m | $1.0m | $1.6m | $9.5m | $8.5m | $10.1m | |
| Restricted cash | — | — | — | — | — | — | $0 | $371.0m | |
| Deferred tax asset, net | $159.1m | $222.5m | $216.6m | $303.1m | $301.6m | $204.9m | $219.0m | $187.5m | |
| Investment in unconsolidated affiliates | — | — | — | — | — | — | $0 | $5.9m | |
| Accrued expenses and other current liabilities | $15.7m | $22.1m | $11.4m | $28.2m | $30.6m | $50.7m | $75.4m | $59.1m | |
| Current portion of liability related to tax receivable agreement | $9.6m | $14.6m | $9.3m | $11.8m | $27.5m | $20.9m | $20.3m | $21.3m | |
| Finance lease obligations, current portion | $7.4m | $6.7m | $3.8m | $4.9m | $5.9m | $7.3m | $7.0m | $7.5m | |
| Operating lease liabilities, current portion | — | $6.7m | $4.2m | $4.9m | $4.8m | $4.2m | $4.1m | $4.8m | |
| Liability related to tax receivable agreement, net of current portion | $138.0m | $201.9m | $195.1m | $269.8m | $265.0m | $250.1m | $258.4m | $241.6m | |
| Finance lease obligations, net of current portion | $8.7m | $3.9m | $2.2m | $5.8m | $6.4m | $9.4m | $10.5m | $9.7m | |
| Operating lease liabilities, net of current portion | — | $20.3m | $17.8m | $17.6m | $18.4m | $19.1m | $20.1m | $15.8m | |
| Non-controlling interest | $184.7m | $188.9m | $197.8m | $126.4m | $138.5m | $199.2m | $193.1m | $206.7m | |
| Total stockholders’ equity attributable to Cactus Inc. | $177.7m | $327.5m | $353.0m | $468.6m | $571.9m | $865.5m | $1.1b | $1.2b | |
| Total stockholders’ equity | $362.3m | $516.4m | $550.8m | $595.0m | $710.4m | $1.1b | $1.3b | $1.4b | |
| Total assets | $584.7m | $835.0m | $815.6m | $982.1m | $1.1b | $1.5b | $1.7b | $1.9b | |
| Accounts payable | $42.0m | $41.0m | $20.2m | $42.8m | $47.8m | $71.8m | $72.0m | $71.5m | |
| Total current liabilities | $74.6m | $91.1m | $48.9m | $92.6m | $116.6m | $175.7m | $178.8m | $164.2m | |
| Deferred tax liability, net | $1.0m | $1.3m | $786k | $1.2m | $2.0m | $3.6m | $2.9m | $2.8m | |
| Other noncurrent liabilities | — | — | — | — | — | $0 | $4.5m | $4.5m | |
| Total liabilities | $222.4m | $318.6m | $264.8m | $387.0m | $408.5m | $457.8m | $475.1m | $438.6m | |
| Preferred stock, $0.01 par value, 10,000 shares authorized, none issued and outstanding | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value | $377k | $472k | $477k | $590k | $609k | $654k | $681k | $688k | |
| Additional paid-in capital | $126.4m | $194.5m | $202.1m | $289.6m | $310.5m | $465.0m | $520.8m | $546.9m | |
| Retained earnings | $51.7m | $133.0m | $150.1m | $178.4m | $261.8m | $400.7m | $552.1m | $680.4m | |
| Accumulated other comprehensive loss | ($820k) | ($452k) | $330k | $8k | ($984k) | ($826k) | ($2.5m) | ($1.6m) | |
| Total liabilities and equity | $584.7m | $835.0m | $815.6m | $982.1m | $1.1b | $1.5b | $1.7b | $1.9b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.