What is Cactus's backlog?

Cactus reported $616M of remaining performance obligations at 30 Sep 2026 and up 35% from the previous quarter. That is 0.4 years of trailing revenue already under contract. Book-to-bill last quarter: 1.37.

Cactus (WHD) backlog: remaining performance obligations

How much revenue Cactus already has under contract, how fast it converts, and who it is with.

Data as of 7 Nov 2026.

Open the interactive Backlog view Cactus competitor analysis

Cactus reported $616M of remaining performance obligations at 30 Sep 2026 and up 35% from the previous quarter. That is 0.4 years of trailing revenue already under contract. Book-to-bill last quarter: 1.37.
Net new backlog added in the latest quarter: $160M.
74% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 10.8% of the backlog.
By backlog size it ranks 290th among US filers the cockpit tracks.

Cactus backlog history

Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).

Amounts in USD. Source: SEC XBRL filings.
Quarter end	Backlog (RPO)	TTM revenue	Coverage	Customer prepayments
30 Sep 2026	$616M	$1.53B	0.4 yrs	$66.5M
30 Jun 2026	$456M	$1.36B	0.3 yrs	$51.8M
31 Mar 2026	$538M	$1.19B	0.5 yrs	$33.6M

Questions

What is Cactus's backlog?: Cactus reported $616M of remaining performance obligations at 30 Sep 2026 and up 35% from the previous quarter. That is 0.4 years of trailing revenue already under contract. Book-to-bill last quarter: 1.37.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.