Just caught Cactus's Q4 earnings and they actually beat expectations on the top and bottom line. EPS came in at 65 cents versus the 58 cent estimate, and revenue hit $261M against $251M expected. The pressure control segment is doing the heavy lifting here - that's really the type of cactus business they've built their strength on, with better drilling equipment sales and rental income driving things. Spoolable Technologies dragged a bit due to lower customer activity, which is the only real concern in the report. What's interesting is their balance sheet position - $123.6M in cash and zero bank debt as of end of year. That's solid footing. For 2026, management is cautiously optimistic but not getting ahead of themselves. They're expecting relatively flat rig counts in Q1 and planning capex in the $40-50M range for the full year. The type of cactus approach they're taking seems disciplined. Segment-wise, Pressure Control revenue climbed to $178.4M from $176.7M year-over-year, while Spoolable came in at $84.2M versus $96.1M prior year. Operating cash flow of $72.3M in Q4 is solid too. Not a screaming buy at current levels given the Zacks Rank, but the fundamentals look steady.