Cactus Operating Income vs Net Income Analysis

WHD Stock

USD 67.94 1.55 2.23%

Cactus financial indicator trend analysis is way more than just evaluating Cactus Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cactus Inc is a good investment. Please check the relationship between Cactus Operating Income and its Net Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Cactus Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cactus Inc Operating Income account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Cactus' Operating Income and Net Income is 0.93. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Cactus Inc, assuming nothing else is changed. The correlation between historical values of Cactus' Operating Income and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Cactus Inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., Cactus' Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Cactus Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Cactus Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Cactus Inc financial statement analysis. It represents the amount of money remaining after all of Cactus Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Cactus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cactus Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Cactus Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

At present, Cactus' Selling General Administrative is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Interest Income	774K	3.7M	3.8M	6.8M
Tax Provision	7.7M	31.4M	38.5M	40.4M

Interest Income Tax Provision

Cactus fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Short Long Term Debt
Total Assets		-0.88	0.81	0.86	0.94	0.94	0.94	0.78	0.59	-0.87	0.91	0.8	0.85	0.8	0.8	0.56	0.87	0.17	-0.89	0.27	0.98	0.77	0.91	0.83	0.69	-0.57
Short Long Term Debt Total	-0.88		-0.72	-0.78	-0.93	-0.93	-0.9	-0.7	-0.43	0.95	-0.79	-0.84	-0.78	-0.84	-0.69	-0.4	-0.95	-0.02	1.0	0.09	-0.83	-0.78	-0.87	-0.52	-0.57	0.54
Other Current Liab	0.81	-0.72		0.98	0.89	0.87	0.87	0.98	0.91	-0.61	0.81	0.5	0.98	0.5	0.97	0.89	0.71	0.14	-0.74	0.29	0.84	0.73	0.93	0.76	0.96	-0.91
Total Current Liabilities	0.86	-0.78	0.98		0.93	0.92	0.92	0.95	0.84	-0.69	0.88	0.59	0.97	0.59	0.99	0.82	0.8	0.04	-0.8	0.29	0.89	0.79	0.94	0.8	0.91	-0.88
Total Stockholder Equity	0.94	-0.93	0.89	0.93		0.99	0.99	0.88	0.67	-0.9	0.85	0.82	0.94	0.82	0.86	0.64	0.91	0.14	-0.95	0.2	0.91	0.76	0.97	0.73	0.78	-0.74
Other Liab	0.94	-0.93	0.87	0.92	0.99		1.0	0.85	0.65	-0.91	0.84	0.84	0.92	0.84	0.84	0.61	0.9	0.18	-0.95	0.25	0.9	0.74	0.97	0.76	0.75	-0.71
Net Tangible Assets	0.94	-0.9	0.87	0.92	0.99	1.0		0.85	0.66	-0.89	0.84	0.84	0.92	0.84	0.86	0.63	0.89	0.17	-0.92	0.32	0.9	0.72	0.95	0.8	0.76	-0.72
Property Plant And Equipment Net	0.78	-0.7	0.98	0.95	0.88	0.85	0.85		0.93	-0.58	0.76	0.46	0.98	0.46	0.93	0.92	0.7	0.13	-0.73	0.22	0.79	0.65	0.91	0.69	0.98	-0.94
Current Deferred Revenue	0.59	-0.43	0.91	0.84	0.67	0.65	0.66	0.93		-0.29	0.59	0.19	0.89	0.19	0.86	0.99	0.42	0.21	-0.45	0.35	0.62	0.45	0.73	0.64	0.98	-0.92
Net Debt	-0.87	0.95	-0.61	-0.69	-0.9	-0.91	-0.89	-0.58	-0.29		-0.71	-0.97	-0.69	-0.97	-0.58	-0.25	-0.91	-0.15	0.96	-0.09	-0.8	-0.67	-0.82	-0.58	-0.43	0.4
Accounts Payable	0.91	-0.79	0.81	0.88	0.85	0.84	0.84	0.76	0.59	-0.71		0.59	0.81	0.59	0.86	0.57	0.86	-0.18	-0.8	0.16	0.95	0.91	0.83	0.79	0.69	-0.61
Cash	0.8	-0.84	0.5	0.59	0.82	0.84	0.84	0.46	0.19	-0.97	0.59		0.59	1.0	0.48	0.15	0.81	0.25	-0.85	0.26	0.71	0.51	0.74	0.6	0.31	-0.3
Non Current Assets Total	0.85	-0.78	0.98	0.97	0.94	0.92	0.92	0.98	0.89	-0.69	0.81	0.59		0.59	0.94	0.87	0.77	0.17	-0.8	0.28	0.85	0.69	0.95	0.75	0.95	-0.9
Cash And Short Term Investments	0.8	-0.84	0.5	0.59	0.82	0.84	0.84	0.46	0.19	-0.97	0.59	1.0	0.59		0.48	0.15	0.81	0.25	-0.85	0.26	0.71	0.51	0.74	0.6	0.31	-0.3
Net Receivables	0.8	-0.69	0.97	0.99	0.86	0.84	0.86	0.93	0.86	-0.58	0.86	0.48	0.94	0.48		0.85	0.74	-0.04	-0.7	0.3	0.85	0.78	0.88	0.78	0.92	-0.89
Good Will	0.56	-0.4	0.89	0.82	0.64	0.61	0.63	0.92	0.99	-0.25	0.57	0.15	0.87	0.15	0.85		0.4	0.16	-0.42	0.31	0.59	0.43	0.7	0.6	0.98	-0.93
Common Stock Total Equity	0.87	-0.95	0.71	0.8	0.91	0.9	0.89	0.7	0.42	-0.91	0.86	0.81	0.77	0.81	0.74	0.4		-0.2	-0.95	-0.04	0.84	0.83	0.84	0.57	0.57	-0.55
Common Stock Shares Outstanding	0.17	-0.02	0.14	0.04	0.14	0.18	0.17	0.13	0.21	-0.15	-0.18	0.25	0.17	0.25	-0.04	0.16	-0.2		-0.05	0.52	0.08	-0.29	0.22	0.29	0.14	-0.03
Long Term Debt Total	-0.89	1.0	-0.74	-0.8	-0.95	-0.95	-0.92	-0.73	-0.45	0.96	-0.8	-0.85	-0.8	-0.85	-0.7	-0.42	-0.95	-0.05		0.04	-0.84	-0.78	-0.89	-0.55	-0.59	0.55
Non Current Liabilities Total	0.27	0.09	0.29	0.29	0.2	0.25	0.32	0.22	0.35	-0.09	0.16	0.26	0.28	0.26	0.3	0.31	-0.04	0.52	0.04		0.28	-0.08	0.27	0.73	0.28	-0.23
Inventory	0.98	-0.83	0.84	0.89	0.91	0.9	0.9	0.79	0.62	-0.8	0.95	0.71	0.85	0.71	0.85	0.59	0.84	0.08	-0.84	0.28		0.84	0.88	0.85	0.71	-0.59
Other Current Assets	0.77	-0.78	0.73	0.79	0.76	0.74	0.72	0.65	0.45	-0.67	0.91	0.51	0.69	0.51	0.78	0.43	0.83	-0.29	-0.78	-0.08	0.84		0.76	0.57	0.57	-0.49
Other Stockholder Equity	0.91	-0.87	0.93	0.94	0.97	0.97	0.95	0.91	0.73	-0.82	0.83	0.74	0.95	0.74	0.88	0.7	0.84	0.22	-0.89	0.27	0.88	0.76		0.77	0.83	-0.78
Total Liab	0.83	-0.52	0.76	0.8	0.73	0.76	0.8	0.69	0.64	-0.58	0.79	0.6	0.75	0.6	0.78	0.6	0.57	0.29	-0.55	0.73	0.85	0.57	0.77		0.67	-0.55
Property Plant And Equipment Gross	0.69	-0.57	0.96	0.91	0.78	0.75	0.76	0.98	0.98	-0.43	0.69	0.31	0.95	0.31	0.92	0.98	0.57	0.14	-0.59	0.28	0.71	0.57	0.83	0.67		-0.95
Short Long Term Debt	-0.57	0.54	-0.91	-0.88	-0.74	-0.71	-0.72	-0.94	-0.92	0.4	-0.61	-0.3	-0.9	-0.3	-0.89	-0.93	-0.55	-0.03	0.55	-0.23	-0.59	-0.49	-0.78	-0.55	-0.95

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Cactus Account Relationship Matchups

Cactus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	835.0M	815.6M	982.1M	1.1B	1.5B	790.6M
Short Long Term Debt Total	37.7M	28.1M	33.2M	35.5M	40.0M	38.0M
Other Current Liab	35.3M	16.1M	25.7M	40.7M	76.5M	80.4M
Total Current Liabilities	91.1M	48.9M	92.6M	116.6M	175.7M	184.4M
Total Stockholder Equity	516.4M	550.8M	595.0M	710.4M	865.5M	908.8M
Other Liab	203.3M	195.8M	271.0M	267.0M	307.0M	322.4M
Net Tangible Assets	319.6M	353.0M	587.2M	564.1M	648.7M	681.1M
Property Plant And Equipment Net	188.3M	164.8M	151.7M	153.2M	369.0M	387.4M
Current Deferred Revenue	1.4M	1.1M	1.8M	1.5M	8.1M	8.5M
Net Debt	(164.9M)	(260.5M)	(268.5M)	(309.0M)	(93.8M)	(89.1M)
Accounts Payable	41.0M	20.2M	42.8M	47.8M	71.8M	39.5M
Cash	202.6M	288.7M	301.7M	344.5M	133.8M	167.6M
Non Current Assets Total	420.1M	390.5M	463.6M	464.3M	966.4M	1.0B
Cash And Short Term Investments	202.6M	288.7M	301.7M	344.5M	133.8M	167.6M
Net Receivables	87.9M	44.1M	89.2M	138.3M	205.4M	215.7M
Common Stock Total Equity	472K	477K	590K	609K	700.4K	735.4K
Common Stock Shares Outstanding	75.4M	75.5M	76.1M	76.3M	79.5M	71.7M
Long Term Debt Total	3.9M	2.2M	5.8M	6.4M	5.8M	5.5M
Liabilities And Stockholders Equity	835.0M	815.6M	982.1M	1.1B	1.5B	790.6M
Non Current Liabilities Total	227.4M	215.9M	294.5M	291.8M	282.1M	269.5M
Inventory	113.4M	87.5M	119.8M	161.3M	205.6M	114.1M
Other Current Assets	11.0M	4.9M	7.8M	10.6M	11.4M	9.0M
Other Stockholder Equity	383.4M	202.1M	289.6M	310.5M	465.0M	488.3M
Total Liab	318.6M	264.8M	387.0M	408.5M	457.8M	354.6M
Property Plant And Equipment Gross	188.3M	142.8M	151.7M	153.2M	600.6M	630.6M
Total Current Assets	414.9M	425.1M	518.5M	654.6M	556.2M	389.1M
Accumulated Other Comprehensive Income	(452K)	330K	8K	(984K)	(826K)	(784.7K)
Short Term Debt	13.5M	16.1M	19.5M	21.4M	23M	14.0M
Common Stock	472K	477K	590K	609K	654K	686.7K
Property Plant Equipment	188.3M	142.8M	151.7M	153.2M	176.2M	140.8M
Non Currrent Assets Other	1.4M	1.2M	1.0M	1.6M	9.5M	10.0M
Other Assets	223.9M	239.8M	304.1M	303.2M	1.0	0.95
Capital Lease Obligations	37.7M	28.1M	33.2M	35.5M	40.0M	28.4M
Non Current Liabilities Other	201.9M	195.1M	269.8M	265.0M	304.8M	168.1M
Cash And Equivalents	202.6M	288.7M	301.7M	344.5M	396.2M	416.0M
Net Invested Capital	327.5M	353.0M	468.6M	571.9M	865.5M	467.0M
Net Working Capital	323.8M	376.2M	425.9M	538.0M	380.5M	370.1M
Noncontrolling Interest In Consolidated Entity	188.9M	197.8M	126.4M	138.5M	124.7M	133.8M
Retained Earnings	133.0M	150.1M	178.4M	261.8M	400.7M	215.5M
Retained Earnings Total Equity	133.0M	150.1M	178.4M	261.8M	301.0M	170.5M

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When determining whether Cactus Inc is a strong investment it is important to analyze Cactus' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cactus' future performance. For an informed investment choice regarding Cactus Stock, refer to the following important reports:

How To Invest In Cactus

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Is Cactus Stock a good investment?

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What is Cactus' Net Worth?

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Largest Oil & Gas Equipment & Services Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Cactus Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cactus. If investors know Cactus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cactus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.07)

Dividend Share

0.49

Earnings Share

2.86

Revenue Per Share

17.195

Quarterly Revenue Growth

0.018

The market value of Cactus Inc is measured differently than its book value, which is the value of Cactus that is recorded on the company's balance sheet. Investors also form their own opinion of Cactus' value that differs from its market value or its book value, called intrinsic value, which is Cactus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cactus' market value can be influenced by many factors that don't directly affect Cactus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Cactus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cactus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cactus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Cactus Operating Income vs Net Income Analysis

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Income

Cactus fundamental ratios Correlations

Cactus Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cactus fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt Total	+ 1.0	Short Long Term Debt Total
Net Tangible Assets	+ 1.0	Other Liab
Cash And Short Term Investments	+ 1.0	Cash
Net Receivables	+ 0.99	Total Current Liabilities
Other Liab	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Total Stockholder Equity

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Short Long Term Debt	- 0.95	Property Plant And Equipment Gross
Long Term Debt Total	- 0.95	Common Stock Total Equity
Long Term Debt Total	- 0.95	Other Liab
Long Term Debt Total	- 0.95	Total Stockholder Equity