Cactus's gross profit for the
three
months ended in Dec. 2023 was $275 Mil. Cactus's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $747 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Cactus's gross profit for the
three
months ended in Dec. 2023 was $275 Mil. Cactus's Revenue for the
three
months ended in Dec. 2023 was $275 Mil. Therefore, Cactus's Gross Margin % for the quarter that ended in Dec. 2023 was N/A%.
Cactus had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 9 years, the highestGross Margin % of Cactus was 68.10%. The lowest was 19.23%. And the median was 34.01%.
Warning Sign:
Cactus Inc gross margin has been in long-term decline. The average rate of decline per year is -2%.
Cactus Gross Profit Historical Data
The historical data trend for Cactus's Gross Profit 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.
For the Oil & Gas Equipment & Services subindustry, Cactus's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cactus's Gross Profit distribution charts can be found below:
* The bar in red indicates where Cactus's Gross Profit falls into.
Cactus Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Cactus's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit 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 $747 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
(Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)
Cactus's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Cactus (NYSE:WHD) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Cactus had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Cactus Gross Profit Related Terms
Thank you for viewing the detailed overview of Cactus's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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