SOI · Solaris Oilfield Infrastructure, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $196.24M | - | $166.84M | $149.33M | $126.33M | - | $75.02M | $73.89M | $67.89M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $20.88M | - | $15.55M | $14.90M | $15.27M | - | $8.80M | $8.26M | $7.99M | - |
| Total Operating Expenses | $145.68M | - | $128.93M | $113.76M | $104.28M | - | $69.75M | $62.03M | $57.93M | - |
| D&A | $24.76M | - | $9.70M | $9.30M | $20.06M | - | $10.99M | $9.56M | $9.93M | - |
| Operating Income | $50.56M | - | $37.91M | $35.57M | $22.05M | - | $5.27M | $11.85M | $9.96M | - |
| Interest Expense | $6.20M | - | - | - | - | - | - | - | - | - |
| Income Tax | $15.23M | - | $4.06M | $5.96M | $3.92M | - | $460.0K | $1.34M | $1.86M | - |
| Net Income | $21.44M | - | $14.55M | $11.96M | $5.32M | - | ($968.0K) | $6.21M | $4.32M | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $344.47M | $353.32M | $106.70M | $99.63M | $16.72M | $114.25M | $18.63M | $5.06M | $3.42M | $5.83M |
| Accounts Receivable | $148.32M | $103.08M | $130.37M | $114.07M | $89.76M | - | - | - | - | - |
| Inventory | $18.06M | $14.45M | $12.41M | $11.85M | $11.21M | $10.95M | $11.16M | $8.86M | $6.92M | $6.67M |
| Accounts Payable | $64.63M | $77.52M | $42.64M | $41.16M | $28.11M | $21.09M | $15.81M | $15.85M | $12.27M | $12.65M |
| Current Assets | $520.81M | $483.02M | $261.58M | $282.49M | $126.18M | $250.98M | $197.03M | $74.75M | $62.88M | $67.14M |
| Total Assets | $3.00B | $2.14B | $1.57B | $1.47B | $1.13B | $1.12B | $939.49M | $457.76M | $457.07M | $468.30M |
| Current Liabilities | $468.08M | $163.30M | $109.24M | $90.71M | $75.40M | $65.53M | $54.60M | $59.70M | $35.31M | $37.20M |
| Long-term Debt | $395.37M | $179.99M | $382.80M | $386.20M | $303.97M | $307.61M | $311.25M | - | - | - |
| Total Liabilities | $1.89B | $1.32B | $708.09M | $692.41M | $461.72M | $456.15M | $446.11M | $140.58M | $147.22M | $152.72M |
| Stockholders' Equity | $781.07M | $564.34M | $546.55M | $399.14M | $361.29M | $355.62M | $221.69M | $204.60M | $200.13M | $205.98M |
| Retained Earnings | $40.59M | $26.07M | $34.10M | $25.39M | $18.30M | $17.66M | $15.07M | $19.69M | $17.13M | $17.31M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $79.01M | - | - | - | $25.72M | - | - | - | $16.88M | - |
| Investing Cash Flow | ($454.55M) | - | - | - | ($144.32M) | - | - | - | ($3.35M) | - |
| Financing Cash Flow | $366.69M | - | - | - | ($24.54M) | - | - | - | ($15.94M) | - |
| CapEx | $343.36M | - | - | - | $144.33M | - | - | - | $3.36M | - |
| Free Cash Flow | ($264.34M) | - | - | - | ($118.61M) | - | - | - | $13.52M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 25.8% | - | 22.7% | 23.8% | 17.5% | - | 7.0% | 16.0% | 14.7% | - |
| EBITDA margin | 38.4% | - | 28.5% | 30.0% | 33.3% | - | 21.7% | 29.0% | 29.3% | - |
| Net margin | 10.9% | - | 8.7% | 8.0% | 4.2% | - | -1.3% | 8.4% | 6.4% | - |
| Free cash flow margin | -134.7% | - | - | - | -93.9% | - | - | - | 19.9% | - |
| FCF / Net income | -12.33 | - | - | - | -22.29 | - | - | - | 3.13 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.6% | - | 9.3% | 10.0% | 12.1% | - | 11.7% | 11.2% | 11.8% | - |
| Effective tax rate | 41.5% | - | 21.8% | 33.3% | 42.4% | - | - | 17.8% | 30.1% | - |
| Return on assets | 0.7% | - | 0.9% | 0.8% | 0.5% | - | -0.1% | 1.4% | 0.9% | - |
| Return on equity | 2.7% | - | 2.7% | 3.0% | 1.5% | - | -0.4% | 3.0% | 2.2% | - |
| Return on invested capital | 2.5% | - | 3.2% | 3.0% | 1.9% | - | 0.8% | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.11 | 2.96 | 2.39 | 3.11 | 1.67 | 3.83 | 3.61 | 1.25 | 1.78 | 1.80 |
| Quick ratio | 1.07 | 2.87 | 2.28 | 2.98 | 1.52 | 3.66 | 3.40 | 1.10 | 1.58 | 1.63 |
| Cash ratio | 0.74 | 2.16 | 0.98 | 1.10 | 0.22 | 1.74 | 0.34 | 0.08 | 0.10 | 0.16 |
| Leverage | ||||||||||
| Debt / Equity | 0.51 | 0.32 | 0.70 | 0.97 | 0.84 | 0.86 | 1.40 | - | - | - |
| Debt / Assets | 0.13 | 0.08 | 0.24 | 0.26 | 0.27 | 0.27 | 0.33 | - | - | - |
| Debt / EBITDA | 5.25 | - | 8.04 | 8.61 | 7.22 | - | 19.14 | - | - | - |
| Interest coverage | 8.2x | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.84 | 3.80 | 2.87 | 3.69 | 3.13 | 3.16 | 4.24 | 2.24 | 2.28 | 2.27 |
| Liabilities / Assets | 0.63 | 0.61 | 0.45 | 0.47 | 0.41 | 0.41 | 0.47 | 0.31 | 0.32 | 0.33 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.11 | 0.10 | 0.11 | - | 0.08 | 0.16 | 0.15 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 276d | - | 285d | 279d | 259d | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 55.3% | - | 122.4% | 102.1% | 86.1% | - | 7.7% | -14.8% | -17.9% | - |
| Revenue CAGR (3y) | 33.4% | - | 21.8% | 19.9% | 30.4% | - | 15.0% | 28.1% | 33.3% | - |
| Revenue CAGR (5y) | 46.9% | - | 52.0% | 74.1% | 21.4% | - | 4.7% | 2.9% | 4.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 129.2% | - | 619.8% | 200.1% | 121.5% | - | -47.3% | -24.9% | -33.1% | - |
| Net income growth (YoY) | 303.0% | - | - | 92.6% | 23.2% | - | - | -17.6% | -43.0% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -122.9% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | 38.6% | - |
| Book value growth (YoY) | 116.2% | 58.7% | 146.5% | 95.1% | 80.5% | 72.6% | 8.2% | 1.2% | -3.7% | -4.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$622.20M totalSolaris Power Solutions$333.50M · 53.6%
Solaris Logistics Solutions$288.70M · 46.4%
Product / service
$333.50M totalLeasing Revenue$267.90M · 80.3%
Service$65.60M · 19.7%
Peer comparison
Same SIC group: Oil & Gas Field Machinery & Equipment
Comparing Solaris Oilfield Infrastructure against the 5 most active filers in the same SIC group.