Cactus, Inc., specializing in wellhead and pressure control equipment along with spoolable pipe technologies, reported declines in revenues and earnings in 2025 reflecting softer upstream oil and gas activity. Operating income decreased by over 13% year-over-year, while the company maintained strong operating cash flows and a solid balance sheet with no debt. Future growth hinges on oilfield activity recovery, capital expenditure discipline, and ongoing cost management amid tariff-driven supply inflation. Capital returns include steady dividends and limited share repurchases.