Cactus Inc (WHD)
Net profit margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 165,242 | 169,171 | 151,213 | 130,058 | 132,452 | 110,174 | 94,209 | 75,401 | 58,650 | 49,593 | 37,771 | 31,387 | 27,022 | 34,446 | 49,302 | 62,408 | 77,788 | 85,612 | 84,478 | 83,811 |
| Revenue (ttm) | US$ in thousands | 1,136,594 | 1,090,876 | 1,013,935 | 910,546 | 774,942 | 692,436 | 630,002 | 560,884 | 499,562 | 438,080 | 377,939 | 322,365 | 280,020 | 349,742 | 420,714 | 521,621 | 623,460 | 625,996 | 625,582 | 615,274 |
| Net profit margin | 14.54% | 15.51% | 14.91% | 14.28% | 17.09% | 15.91% | 14.95% | 13.44% | 11.74% | 11.32% | 9.99% | 9.74% | 9.65% | 9.85% | 11.72% | 11.96% | 12.48% | 13.68% | 13.50% | 13.62% |
March 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $165,242K ÷ $1,136,594K
= 14.54%
The net profit margin of Cactus Inc has shown some fluctuations over the past several quarters. The trend indicates that the company's profitability as a percentage of revenue has been relatively stable, ranging from approximately 9.65% to 17.09%.
The net profit margin was highest in the first quarter of 2023 at 17.09%, showing strong profitability during that period. However, it decreased in the following quarters before rebounding in the first quarter of 2024 to 14.54%.
Overall, the net profit margin demonstrates that Cactus Inc has been able to effectively manage its expenses relative to its revenue, resulting in a reasonable level of profitability. It is essential for the company to continue monitoring its cost structure and revenue streams to ensure sustainable profitability in the future.
Peer comparison
Mar 31, 2024