Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Summary of Basic and Diluted Earnings Per Share

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

	Year Ended December 31,
	2024		2023		2022
Numerator:
Net income attributable to Cactus Inc.—basic	$	185,407	$	169,171	$	110,174
Net income attributable to non-controlling interest(1)	36,266		35,075		27,235
Net income attributable to Cactus Inc.—diluted(1)	$	221,673	$	204,246	$	137,409
Denominator:
Weighted average Class A shares outstanding—basic	66,393		64,641		60,323
Effect of dilutive shares	13,522		14,819		16,014
Weighted average Class A shares outstanding—diluted	79,915		79,460		76,337
Earnings per Class A share—basic	$	2.79	$	2.62	$	1.83
Earnings per Class A share—diluted(1)	$	2.77	$	2.57	$	1.80

(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 years ended December 31, 2024, 2023, respectively, and 25% for the year ended December 31, 2022.