Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings per Share

The following table summarizes the basic and diluted earnings per share calculations:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Numerator:
Net income attributable to Cactus Inc.—basic	$	41,624	$	49,927	$	126,176	$	138,720
Net income attributable to non-controlling interest (1)	—		9,567		—		27,998
Net income attributable to Cactus Inc.—diluted (1)	$	41,624	$	59,494	$	126,176	$	166,718
Denominator:
Weighted average Class A shares outstanding—basic	68,681		66,563		68,465		66,030
Effect of dilutive shares (2)	515		13,627		412		13,747
Weighted average Class A shares outstanding—diluted (2)	69,196		80,190		68,877		79,777
Earnings per Class A share—basic	$	0.61	$	0.75	$	1.84	$	2.10
Earnings per Class A share—diluted (1)(2)	$	0.60	$	0.74	$	1.83	$	2.09

(1)The numerator is adjusted in the calculation of diluted earnings per share under the if-converted method to include net income attributable to the non-controlling interest calculated as its pre-tax income adjusted for a corporate effective tax rate of 26% for the three and nine months ended September 30, 2024.

(2)Diluted earnings per share for the three and nine months ended September 30, 2025 excludes 11.2 million and 11.3 million weighted average shares of Class B common stock, respectively, as the effect would be anti-dilutive.