Cactus
| Basis | Payout | Why |
|---|---|---|
| Operating cash flow | 14.5% | whyBefore capital spending. |
| Free cash flow | 17.0% | whyAfter maintaining the business. |
No GAAP earnings figure is shown. This company does not report the inputs for it in its XBRL filings — capital expenditure, in particular, is often folded into a single investing total rather than tagged on its own. The figure is absent from the filings, not zero, and inventing one from a balance-sheet movement would be a guess dressed as a measurement.
Spread between highest and lowest: 2.6 percentage points. Same filings, different denominators.
Coverage rating 60 / 100 — Adequate. ? Peer standing 35/50Direction 25/30Stability 0/20
Free cash flow payout, last 5 years
| Fiscal year | Payout |
|---|---|
| 2025-12-31 | 17.0% |
| 2024-12-31 | 12.2% |
| 2023-12-31 | 10.2% |
| 2022-12-31 | 29.8% |
| 2021-12-31 | 42.5% |
Coverage worsened sharply this year, 12.2% to 17.0%, after no clear trend before it. One year is not a trend, but it is worth knowing which direction the last one moved.
71% of the 92 industrials here pay out more.
The arithmetic
- Operating cash flow — dividends paid $37.4m ÷ operating cash flow $258m
- Free cash flow — dividends paid $37.4m ÷ (operating cash flow $258m − capex $38.8m)
Where the figures came from
- 10-K filed 2026-02-26 · accession 0001628280-26-012377
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the free cash flow payout ratio measures, and where every company here sits on it.
Who else looks like this
Every figure above is computed from Cactus’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules two investors published — free, and nothing you screen leaves your browser.