Cactus Inc (WHD)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 86.10% | 85.51% | 87.37% | 87.43% | 88.24% | 89.13% | 89.76% | 89.18% | 88.52% | 87.74% | 86.37% | 85.19% | 83.60% | 85.41% | 91.93% | 92.16% | 92.54% | 93.07% | 93.07% | 93.65% |
| Operating profit margin | 24.39% | 24.23% | 23.08% | 21.72% | 24.96% | 25.24% | 24.16% | 21.70% | 18.97% | 17.22% | 15.38% | 15.49% | 14.82% | 20.03% | 23.22% | 25.36% | 28.04% | 29.26% | 30.52% | 31.85% |
| Pretax margin | 19.73% | 19.87% | 18.71% | 17.80% | 21.05% | 20.45% | 19.81% | 17.34% | 14.63% | 13.07% | 10.71% | 9.57% | 9.44% | 12.99% | 16.19% | 17.91% | 18.97% | 18.79% | 17.82% | 17.36% |
| 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% |
Cactus Inc's profitability ratios have shown some fluctuations over the recent quarters. The gross profit margin has been relatively stable, ranging between 85.51% and 93.65%, indicating efficient cost management and strong pricing strategies.
However, the operating profit margin has varied more significantly, with a range of 15.38% to 31.85%. This could suggest fluctuations in operating expenses or other factors impacting operating income.
Similarly, the pretax margin has shown fluctuations between 9.44% and 21.05%, indicating variability in non-operating expenses or income.
Lastly, the net profit margin has also fluctuated between 9.65% and 17.09%, reflecting changes in bottom-line profitability after accounting for all expenses.
Overall, while Cactus Inc has maintained a relatively high gross profit margin, the variability in operating profit, pretax, and net profit margins underscores the need for careful monitoring of expenses and revenue streams to sustain and improve profitability levels.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 17.59% | 17.36% | 15.98% | 13.39% | 12.72% | 15.62% | 13.90% | 11.37% | 9.24% | 7.68% | 6.03% | 5.28% | 4.73% | 8.59% | 12.04% | 16.09% | 20.57% | 21.94% | 23.54% | 24.68% |
| Return on assets (ROA) | 10.49% | 11.11% | 10.33% | 8.81% | 8.71% | 9.85% | 8.60% | 7.05% | 5.72% | 5.05% | 3.92% | 3.32% | 3.08% | 4.22% | 6.08% | 7.59% | 9.15% | 10.25% | 10.41% | 10.56% |
| Return on total capital | 31.03% | 30.54% | 28.51% | 25.00% | 22.78% | 30.55% | 27.97% | 23.53% | 19.25% | 16.09% | 12.73% | 11.30% | 10.22% | 19.84% | 27.83% | 38.15% | 51.06% | 55.93% | 54.16% | 50.92% |
| Return on equity (ROE) | 18.50% | 19.55% | 18.42% | 17.09% | 17.97% | 19.26% | 17.31% | 14.58% | 11.91% | 10.58% | 8.27% | 7.10% | 6.66% | 9.76% | 14.05% | 18.00% | 22.71% | 26.14% | 27.05% | 28.60% |
Cactus Inc's profitability ratios have shown fluctuations over the past few quarters.
- Operating return on assets (Operating ROA) has been improving steadily, indicating the company's ability to generate profit from its assets used in operations. The ratio has increased from 12.72% in Q1 2023 to 17.59% in Q1 2024, showing a positive trend.
- Return on assets (ROA) has also shown an upward trend, although it is slightly lower than Operating ROA. The ratio increased from 8.71% in Q1 2023 to 10.49% in Q1 2024, reflecting an improvement in the company's overall efficiency in generating profits from its assets.
- Return on total capital has exhibited significant growth, showcasing the company's ability to generate returns from both equity and debt capital. The ratio has increased from 22.78% in Q1 2023 to 31.03% in Q1 2024, demonstrating a strong performance in utilizing the total capital efficiently.
- Return on equity (ROE) has also shown an upward trajectory, indicating the company's ability to generate returns for its shareholders. Despite some fluctuations, the ratio has increased from 17.97% in Q1 2023 to 18.50% in Q1 2024, showcasing a positive trend in shareholder value creation.
Overall, Cactus Inc has demonstrated a generally improving trend in its profitability ratios, with a focus on efficient asset utilization, capital management, and shareholder value creation.