Cactus Inc (WHD)

Return on equity (ROE)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 185,407 169,171 110,174 67,470 59,215
Total stockholders’ equity US$ in thousands 1,071,120 865,522 710,445 595,033 550,770
ROE 17.31% 19.55% 15.51% 11.34% 10.75%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $185,407K ÷ $1,071,120K
= 17.31%

The return on equity (ROE) of Cactus Inc has shown a consistent positive trend over the past five years. Starting at 10.75% on December 31, 2020, the ROE increased steadily to 11.34% by December 31, 2021, demonstrating the company's ability to generate profits from shareholders' equity.

The following year, Cactus Inc experienced a significant improvement in its ROE, reaching 15.51% by the end of December 31, 2022. This notable increase indicates an enhanced efficiency in utilizing equity to generate returns for shareholders.

In December 31, 2023, Cactus Inc continued its positive performance with an ROE of 19.55%, showcasing a commendable growth in profitability relative to shareholder investment. However, by the end of 2024, the ROE slightly decreased to 17.31%, but it still remained at a relatively high level compared to the initial years.

Overall, Cactus Inc has shown an overall positive trend in ROE, reflecting the company's ability to effectively leverage its equity to generate returns for its shareholders.