Cactus Inc (WHD)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Operating income (ttm)	US$ in thousands	311,693	315,691	326,502	292,329	444,880	412,751	376,444	372,163	174,748	152,239	121,709	94,782	75,427	58,138	49,928	41,489	70,039	97,701	132,268	174,843
Revenue (ttm)	US$ in thousands	1,129,814	1,132,559	1,127,248	1,142,678	1,096,960	1,009,868	906,479	770,875	688,369	630,511	561,393	500,071	438,589	376,763	321,189	278,844	348,566	420,714	521,733	623,678
Operating profit margin		27.59%	27.87%	28.96%	25.58%	40.56%	40.87%	41.53%	48.28%	25.39%	24.15%	21.68%	18.95%	17.20%	15.43%	15.54%	14.88%	20.09%	23.22%	25.35%	28.03%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $311,693K ÷ $1,129,814K
= 27.59%

The operating profit margin of Cactus Inc has shown fluctuations over the past few years.

Starting at 28.03% in March 2020, the operating profit margin gradually declined to 20.09% by December 2020. This decline continued into the first half of 2021, hitting a low of 14.88% in March 2021.

However, there was a positive trend observed from March 2022 through June 2024, where the operating profit margin steadily increased from 18.95% to 28.96%.

There was a slight decrease in the operating profit margin in the following quarters, settling at 27.59% by December 2024.

Overall, Cactus Inc has shown variability in its operating profit margin, experiencing both declines and growth periods, reflecting changes in its operational efficiency and cost management strategies.