WTTR · Select Water Solutions, 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 | $365.96M | - | $322.24M | $364.21M | $374.38M | - | $371.35M | $365.13M | $366.55M | - |
| Cost of Revenue | $300.68M | - | $278.69M | $306.46M | $318.61M | - | $308.90M | $304.98M | $313.87M | - |
| Gross Profit | $65.28M | - | $43.55M | $57.75M | $55.77M | - | $62.45M | $60.16M | $52.68M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $40.55M | - | $41.67M | $38.94M | $37.43M | - | $37.27M | $38.98M | $43.98M | - |
| Total Operating Expenses | $47.31M | - | $45.33M | $42.33M | $40.23M | - | $37.93M | $39.79M | $45.67M | - |
| D&A | $1.12M | - | $1.31M | $1.92M | $925.0K | - | $661.0K | $748.0K | $1.26M | - |
| Operating Income | $17.97M | - | ($1.77M) | $15.43M | $15.54M | - | $24.52M | $20.36M | $7.00M | - |
| Interest Expense | $5.91M | - | $5.96M | $5.64M | $1.27M | - | $1.91M | $2.03M | $1.27M | - |
| Income Tax | $2.43M | - | $434.0K | $4.52M | $2.89M | - | $5.85M | $3.96M | $1.45M | - |
| Net Income | $8.61M | - | $2.68M | $10.65M | $8.24M | - | $15.79M | $12.87M | $3.63M | - |
| 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 | $55.97M | $18.08M | $17.83M | $51.19M | $27.89M | $19.98M | $10.94M | $16.42M | $12.75M | $57.08M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $37.31M | $34.28M | $37.97M | $41.68M | $40.80M | $38.45M | $35.82M | $37.50M | $37.64M | $38.65M |
| Accounts Payable | - | $49.68M | - | - | - | $39.19M | $41.44M | $36.75M | $54.39M | $42.58M |
| Current Assets | $444.41M | $354.39M | $380.26M | $439.43M | $457.85M | $385.50M | $396.68M | $384.27M | $411.72M | $454.06M |
| Total Assets | $1.71B | $1.60B | $1.59B | $1.55B | $1.55B | $1.37B | $1.35B | $1.32B | $1.29B | $1.22B |
| Current Liabilities | $231.58M | $225.70M | $231.31M | $219.06M | $249.88M | $233.38M | $222.60M | $212.61M | $212.05M | $211.55M |
| Long-term Debt | $199.65M | $285.04M | $285.44M | $270.84M | $245.89M | $85.00M | $80.00M | $90.00M | $75.00M | $0 |
| Total Liabilities | $587.24M | $668.54M | $656.50M | $623.37M | $628.26M | $450.75M | $427.22M | $420.99M | $402.99M | $326.02M |
| Stockholders' Equity | $991.48M | $805.62M | $808.11M | $799.28M | $793.08M | $793.52M | $796.50M | $782.01M | $769.99M | $772.49M |
| Retained Earnings | ($176.32M) | ($184.92M) | ($184.58M) | ($187.26M) | ($197.91M) | ($206.15M) | ($204.51M) | ($220.30M) | ($233.17M) | ($236.79M) |
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 | $10.24M | - | - | - | ($5.06M) | - | - | - | $32.13M | - |
| Investing Cash Flow | ($77.53M) | - | - | - | ($132.52M) | - | - | - | ($136.91M) | - |
| Financing Cash Flow | $105.18M | - | - | - | $145.50M | - | - | - | $60.45M | - |
| CapEx | $78.38M | - | - | - | $48.43M | - | $37.44M | $48.95M | $33.76M | - |
| Free Cash Flow | ($68.14M) | - | - | - | ($53.49M) | - | - | - | ($1.63M) | - |
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 | 17.8% | - | 13.5% | 15.9% | 14.9% | - | 16.8% | 16.5% | 14.4% | - |
| Operating margin | 4.9% | - | -0.5% | 4.2% | 4.2% | - | 6.6% | 5.6% | 1.9% | - |
| EBITDA margin | 5.2% | - | -0.1% | 4.8% | 4.4% | - | 6.8% | 5.8% | 2.3% | - |
| Net margin | 2.4% | - | 0.8% | 2.9% | 2.2% | - | 4.3% | 3.5% | 1.0% | - |
| Free cash flow margin | -18.6% | - | - | - | -14.3% | - | - | - | -0.4% | - |
| FCF / Net income | -7.92 | - | - | - | -6.49 | - | - | - | -0.45 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 11.1% | - | 12.9% | 10.7% | 10.0% | - | 10.0% | 10.7% | 12.0% | - |
| Effective tax rate | 22.0% | - | 13.9% | 29.8% | 26.0% | - | 27.0% | 23.5% | 28.6% | - |
| Return on assets | 0.5% | - | 0.2% | 0.7% | 0.5% | - | 1.2% | 1.0% | 0.3% | - |
| Return on equity | 0.9% | - | 0.3% | 1.3% | 1.0% | - | 2.0% | 1.6% | 0.5% | - |
| Return on invested capital | 1.2% | - | -0.1% | 1.0% | 1.1% | - | 2.0% | 1.8% | 0.6% | - |
| Liquidity | ||||||||||
| Current ratio | 1.92 | 1.57 | 1.64 | 2.01 | 1.83 | 1.65 | 1.78 | 1.81 | 1.94 | 2.15 |
| Quick ratio | 1.76 | 1.42 | 1.48 | 1.82 | 1.67 | 1.49 | 1.62 | 1.63 | 1.76 | 1.96 |
| Cash ratio | 0.24 | 0.08 | 0.08 | 0.23 | 0.11 | 0.09 | 0.05 | 0.08 | 0.06 | 0.27 |
| Leverage | ||||||||||
| Debt / Equity | 0.20 | 0.35 | 0.35 | 0.34 | 0.31 | 0.11 | 0.10 | 0.12 | 0.10 | 0.00 |
| Debt / Assets | 0.12 | 0.18 | 0.18 | 0.18 | 0.16 | 0.06 | 0.06 | 0.07 | 0.06 | 0.00 |
| Debt / EBITDA | 10.46 | - | - | 15.62 | 14.93 | - | 3.18 | 4.26 | 9.08 | - |
| Interest coverage | 3.0x | - | -0.3x | 2.7x | 12.2x | - | 12.9x | 10.1x | 5.5x | - |
| Equity multiplier | 1.72 | 1.98 | 1.97 | 1.93 | 1.95 | 1.72 | 1.69 | 1.69 | 1.68 | 1.58 |
| Liabilities / Assets | 0.34 | 0.42 | 0.41 | 0.40 | 0.41 | 0.33 | 0.32 | 0.32 | 0.31 | 0.27 |
| Efficiency | ||||||||||
| Asset turnover | 0.21 | - | 0.20 | 0.24 | 0.24 | - | 0.28 | 0.28 | 0.28 | - |
| Inventory turnover | 8.06 | - | 7.34 | 7.35 | 7.81 | - | 8.62 | 8.13 | 8.34 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 45d | - | 50d | 50d | 47d | - | 42d | 45d | 44d | - |
| Days payable outstanding | - | - | - | - | - | - | 49d | 44d | 63d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -2.3% | - | -13.2% | -0.3% | 2.1% | - | -4.6% | -9.8% | -12.0% | - |
| Revenue CAGR (3y) | -4.2% | - | -4.9% | 2.7% | 8.3% | - | 22.0% | 31.4% | 36.6% | - |
| Revenue CAGR (5y) | 20.6% | - | 26.1% | 31.6% | 6.1% | - | 2.5% | -1.5% | -0.5% | - |
| Gross profit growth (YoY) | 17.1% | - | -30.3% | -4.0% | 5.9% | - | 11.0% | -1.7% | -11.7% | - |
| Operating income growth (YoY) | 15.6% | - | - | -24.3% | 121.9% | - | 46.4% | -20.9% | -41.6% | - |
| Net income growth (YoY) | 4.5% | - | -83.0% | -17.3% | 127.3% | - | 10.1% | -36.0% | -70.6% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -27.4% | - | - | - | -3173.4% | - | - | - | 96.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 25.0% | 1.5% | 1.5% | 2.2% | 3.0% | 2.7% | 4.9% | 4.9% | 0.6% | 0.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.42B totalWater Services$796.01M · 56.0%
Water Infrastructure$315.61M · 22.2%
Chemicaltechnologies$309.43M · 21.8%
Product / service
$2.81B totalWater Services$786.52M · 28.0%
Water Transfer And Monitoring$396.18M · 14.1%
Water Infrastructure$313.24M · 11.1%
Chemical Product Sales Revenue$309.43M · 11.0%
Chemicaltechnologies$307.58M · 10.9%
Fluid Hauling$180.11M · 6.4%
Water Recycling And Reuse$149.06M · 5.3%
Fluids Disposal$122.26M · 4.3%
Accommodations And Rentals Revenue$83.70M · 3.0%
Well Testing And Flowback$71.17M · 2.5%
Water Containment$61.38M · 2.2%
Solids Management$32.43M · 1.2%
Pipelines And Logistics$11.56M · 0.4%
Eliminations And Other Servicing Lines($13.03M) · -0.5%
Geographic
$1.41B totalPermian Basin$724.14M · 51.5%
Rockies$164.96M · 11.7%
Marcellus Utica$157.17M · 11.2%
Eagle Ford$135.44M · 9.6%
Midcon$91.42M · 6.5%
Bakken$86.69M · 6.2%
Haynesville E.Texas$60.27M · 4.3%
Eliminations And Other Geographical Regions($12.76M) · -0.9%
Peer comparison
Same SIC group: Oil & Gas Field Services, NEC
Comparing Select Water Solutions against the 5 most active filers in the same SIC group.
Dividends
$0.28/share trailing 12 months · +3.7% YoY
| Ex-date | Per share |
|---|---|
| Apr 30, 2026 | $0.0700 |
| Feb 6, 2026 | $0.0700 |
| Nov 7, 2025 | $0.0700 |
| Aug 5, 2025 | $0.0700 |
| May 6, 2025 | $0.0700 |
| Feb 4, 2025 | $0.0700 |
| Nov 5, 2024 | $0.0700 |
| Aug 5, 2024 | $0.0600 |
| May 2, 2024 | $0.0600 |
| Feb 6, 2024 | $0.0600 |
| Nov 6, 2023 | $0.0600 |
| Aug 4, 2023 | $0.0500 |
| May 4, 2023 | $0.0500 |
| Feb 6, 2023 | $0.0500 |
| Nov 4, 2022 | $0.0500 |