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Cactus (Cactus) EBIT : $285 Mil (TTM As of Dec. 2023)


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What is Cactus EBIT?

Cactus's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $81 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $285 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cactus's annualized ROC % for the quarter that ended in Dec. 2023 was 22.96%. Cactus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 51.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cactus's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.66%.


Cactus EBIT Historical Data

The historical data trend for Cactus's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cactus EBIT Chart

Cactus Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 189.52 71.14 75.98 177.45 267.30

Cactus Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.92 49.69 66.67 87.60 81.49

Competitive Comparison of Cactus's EBIT

For the Oil & Gas Equipment & Services subindustry, Cactus's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cactus's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cactus's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cactus's EV-to-EBIT falls into.



Cactus EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $285 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cactus  (NYSE:WHD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cactus's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=373.612 * ( 1 - 21.48% )/( (1274.482 + 1280.503)/ 2 )
=293.3601424/1277.4925
=22.96 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1464.15 - 125.93 - ( 63.738 - max(0, 177.367 - 492.948+63.738))
=1274.482

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1522.561 - 108.266 - ( 133.792 - max(0, 175.66 - 556.178+133.792))
=1280.503

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Cactus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=325.964/( ( (365.191 + max(263.533, 0)) + (368.998 + max(258.226, 0)) )/ 2 )
=325.964/( ( 628.724 + 627.224 )/ 2 )
=325.964/627.974
=51.91 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(206.251 + 203.517 + 19.442) - (125.93 + 20.855 + 18.892)
=263.533

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(205.381 + 205.625 + 11.38) - (108.266 + 34.887 + 21.007)
=258.226

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cactus's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=285.448/3295.451
=8.66 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cactus EBIT Related Terms

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Cactus (Cactus) Business Description

Traded in Other Exchanges
N/A
Address
920 Memorial City Way, Suite 300, Houston, TX, USA, 77024
Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production.
Executives
Scott Bender director, officer: President, CEO ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
Joel Bender director, officer: COO, Senior VP and Sec ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
Steven Bender officer: VP of Operations ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
William D Marsh officer: GC, VP of Admin. and Secretary 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
John A Odonnell director 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
Bruce M Rothstein director 800 WESTCHESTER AVENUE, SUITE 617 NORTH, RYE BROOK NY 10573
Stephen Tadlock officer: VP of Corporate Services COBALT CENTER 920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024
Donna L Anderson officer: Chief Accounting Officer 10811 S. WESTVIEW CIRCLE DRIVE, BUILDING C, SUITE 100, HOUSTON TX 77043
Michael Y Mcgovern director 700 LOUISIANA, STE 4300, HOUSTON TX 77002
Alan Semple director ONE GREENWAY PLAZA, SUITE 200, HOUSTON TX 77046
Gary L Rosenthal director 333 CLAY STREET, SUITE 4620, HOUSTON TX 77002
David John Isaac officer: GC and VP of Administration 920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024
Tymothi O. Tombar director 2713 CRAWFORD ST., HOUSTON TX 77004
Cadent Energy Partners Ii Lp director 800 WESTCHESTER AVENUE, SUITE 617 NORTH, RYE BROOK NY 10573
Melissa Law director 920 MEMORIAL CITY WAY, SUITE 300, HOUSTON TX 77024

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