LOWOutside partyCustomer
17%
one customer
“10-K Item 1: 'one customer represented 17%, 15% and 10%, respectively, of total Company revenues'”
WHD · Concentration risk · 10-K extracted
Cactus, Inc. Class A Common Sto (WHD) concentration risks
Updated
The most significant concentration Cactus, Inc. Class A Common Sto discloses is one customer at 17%, classified LOW by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Cactus, Inc. Class A Common Sto’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile is narrow, resting on a single customer dependency. One customer represented 17% of total Company revenues in the most recent year — a low-share exposure by disclosed size, though its character is one of dependency rather than structural inevitability: revenues from this relationship reflect the customer's ordering decisions and could be reduced or redirected without signaling a broader end-market shift. The low share limits how much this single relationship could swing reported results in a given year. A full loss of that customer would be meaningful but not existential, and it would not necessarily indicate deterioration across the broader book of business. There is no disclosed product, geographic, or supplier concentration layered on top to compound the customer dependency. On balance, this is a contained and well-disclosed exposure. The key monitoring variable is whether that customer's share continues to drift upward or stabilizes — trajectory matters more than the current level alone. No other concentration risks are disclosed in the filing, which suggests the revenue base is otherwise reasonably distributed across the customer base and end-markets the company serves.
For the engine’s reasoning on WHD’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas Equipment & Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AROC | Archrock, Inc. | 2 | 1 | 0 | 3 |
| AESI | Atlas Energy Solutions Inc. | 1 | 2 | 0 | 3 |
| FLOC | Flowco Holdings Inc. | 0 | 1 | 0 | 1 |
| FTI | TechnipFMC plc | 0 | 0 | 2 | 2 |
| WHD● | Cactus, Inc. Class A Common Sto | 0 | 0 | 1 | 1 |
| BKR | Baker Hughes Company | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.