Cactus vs Plug Power

This page compares Cactus Inc and Plug Power Inc, outlining their business models, financial performance, and market context. It presents a neutral overview of how each company approaches its core operations, growth strategies, and competitive landscape. Readers can assess similarities and differences in structure, revenue drivers, and market positioning. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

WHD

Metric

PLUG

$4.22B

Market Cap

$3.21B

-12.21%

Potential Profit

30.16%

Buy

Analyst Rating

Hold

Investment Analysis

Cactus

WHD

Pros

Cactus maintains a strong balance sheet with $446 million in cash and zero debt, providing financial flexibility and resilience.
The company delivered an improved adjusted EBITDA margin of 32.9% in Q3 2025, reflecting effective cost control and operational efficiency.
Cactus is expanding internationally and preparing to integrate the Baker Hughes Surface Pressure Control business, potentially driving future growth.

Considerations

Q3 2025 revenue declined 3.5% sequentially, indicating near-term top-line pressure despite beating expectations.
The stock has shown price volatility, dropping 18% over recent months amid shifting investor sentiment.
Cactus operates in the cyclical oilfield equipment sector, exposing it to commodity price swings and energy market downturns.

Plug Power

PLUG

Pros

Plug Power has secured multiple global supply agreements, including a 2 GW deal, supporting revenue growth and market expansion.
The company is a leader in hydrogen fuel cell technology for material handling and stationary power, positioned in a high-growth alternative energy segment.
Plug Power’s share price has rebounded sharply over the past six months, reflecting renewed investor interest in clean energy themes.

Considerations

Plug Power’s shares are highly volatile, having fallen 28% in the past month alone, highlighting significant price risk.
The company has yet to achieve consistent profitability, with ongoing losses despite rapid revenue growth in recent years.
Plug Power faces intense competition and technological uncertainty in the emerging hydrogen sector, which may challenge long-term margins and market share.

About The Companies

Cactus (WHD)

Cactus Inc. is a key player in the energy sector, providing specialised equipment and services for the oil and gas industry. The company operates through two main business segments. Its Pressure Control division designs, manufactures, and rents essential wellhead and pressure control equipment under the 'Cactus Wellhead' brand. This equipment is crucial for onshore unconventional oil and gas wells during drilling, completion, and production. The second segment, Spoolable Technologies, offers advanced spoolable pipe solutions through its 'FlexSteel' brand, which are used to transport oil, gas, and other liquids efficiently. By supporting critical phases of energy extraction and transportation, Cactus has established itself as an important supplier. It is important to remember that as a company tied to the energy sector, its performance can be influenced by fluctuations in oil and gas prices, and returns are not guaranteed.

Plug Power (PLUG)

Plug Power Inc. (PLUG) is a provider of hydrogen fuel-cell systems and electrolysers, targeting material handling, stationary power and transport applications. With a market capitalisation of approximately $3.69 billion, the company positions itself in the nascent green-hydrogen and fuel-cell market, aiming to supply integrated hydrogen solutions from production to end-use. Key investor considerations include growth potential from decarbonisation policies, industrial partnerships and expanding electrolyser deployments, alongside high capital intensity, execution risk and competitive pressure. Revenue and profitability can be volatile as the business scales and invests in manufacturing and infrastructure. Investors should weigh long-term opportunity against near-term financial and operational challenges. This summary provides educational information only and is not personal financial advice — outcomes can vary and past performance is not a guarantee of future returns.

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Cactus vs Plug Power

Comparison Snapshot

Investment Analysis

Cactus

Pros

Considerations

Plug Power

Pros

Considerations

About The Companies

Which Baskets Do They Appear In?

Which Baskets Do They Appear In?

Buy WHD or PLUG in Nemo

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Trusted & Regulated

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Educational disclaimer

Comparison Snapshot

About The Companies