Cactus Inc (WHD)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 301,550 | 272,612 | 183,148 | 75,427 | 71,903 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,071,120 | 865,522 | 710,445 | 595,033 | 550,770 |
| Return on total capital | 28.15% | 31.50% | 25.78% | 12.68% | 13.05% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $301,550K ÷ ($—K + $1,071,120K)
= 28.15%
The return on total capital of Cactus Inc has exhibited fluctuating trends over the past five years. Starting at 13.05% on December 31, 2020, it slightly decreased to 12.68% by December 31, 2021. However, there has been a significant improvement in the subsequent years, with the return on total capital increasing notably to 25.78% by December 31, 2022, further rising to 31.50% by December 31, 2023. The ratio then experienced a slight reduction to 28.15% by December 31, 2024. Overall, the return on total capital has shown a positive trajectory, indicating the company's ability to generate profits relative to its total capital employed, with particularly strong performance in the latter years of the period.
Peer comparison
Dec 31, 2024