NYSE : SEI
Solaris Energy Infrastructure, Inc. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 70.7 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.41B
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Financial statements
Solaris Energy Infrastructure, Inc. (SEI) reported revenue of 762.18M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 762.18M | 622.21M | 313.09M | 292.95M | 320.00M | 159.19M |
| Cost of Revenue | 381.52M | 336.29M | 186.32M | 177.85M | 219.78M | 115.46M |
| Gross Profit | 380.66M | 285.91M | 126.77M | 115.10M | 100.23M | 43.73M |
| Selling, General & Admin | 82.58M | 62.16M | 36.02M | 26.95M | 23.07M | 19.26M |
| Other Operating Expenses | 2.53M | 3.68M | -1.94M | 639.00K | 1.21M | -2.48M |
| Operating Expenses | 195.22M | 150.12M | 81.30M | 63.77M | 54.72M | 43.99M |
| Operating Income | 185.43M | 135.79M | 45.47M | 51.33M | 45.51M | -262.00K |
| Interest Expense | -36.07M | -27.59M | -13.27M | -3.45M | -489.00K | -247.00K |
| Interest & Investment Income | 12.38M | 6.73M | 1.46M | 144.00K | ||
| EBT Excluding Unusual Items | 161.75M | 114.93M | 33.66M | 48.02M | 45.02M | -509.00K |
| Merger & Restructuring Charges | -600.00K | -400.00K | -4.40M | |||
| Gain (Loss) on Sale of Assets | 7.46M | -3.71M | -125.00K | |||
| Asset Writedown | -1.42M | |||||
| Legal Settlements | 4.28M | |||||
| Other Unusual Items | -57.53M | -41.45M | -4.08M | |||
| Pretax Income | 103.61M | 73.08M | 36.92M | 46.59M | 41.31M | -634.00K |
| Income Tax Expense | 25.02M | 14.68M | 8.01M | 7.82M | 7.80M | 626.00K |
| Earnings From Continuing Operations | 78.59M | 58.40M | 28.92M | 38.77M | 33.51M | -1.26M |
| Minority Interest in Earnings | -23.77M | -28.23M | -13.11M | -14.44M | -12.35M | 392.00K |
| Net Income | 54.82M | 30.17M | 15.81M | 24.34M | 21.16M | -868.00K |
| Preferred Dividends & Other Adjustments | 1.82M | 1.26M | 1.04M | 1.17M | 847.00K | 365.00K |
| Net Income to Common | 53.00M | 28.91M | 14.77M | 23.17M | 20.31M | -1.23M |
| Shares Outstanding (Basic) | 51.21M | 41.86M | 28.76M | 29.69M | 31.48M | 30.79M |
| Shares Outstanding (Diluted) | 68.27M | 49.52M | 29.24M | 29.69M | 31.48M | 30.79M |
| EPS (Basic) | 1.03 | 0.69 | 0.51 | 0.78 | 0.65 | -0.04 |
| EPS (Diluted) | 0.87 | 0.66 | 0.50 | 0.78 | 0.64 | -0.04 |
| Free Cash Flow | -727.80M | -437.65M | -129.05M | 24.96M | -13.41M | -3.17M |
| Free Cash Flow Per Share | -10.66 | -8.84 | -4.41 | 0.84 | -0.43 | -0.10 |
| Dividend Per Share | 0.48 | 0.48 | 0.48 | 0.45 | 0.42 | 0.42 |
| Gross Margin | 49.94% | 45.95% | 40.49% | 39.29% | 31.32% | 27.47% |
| Operating Margin | 24.33% | 21.82% | 14.52% | 17.52% | 14.22% | -0.17% |
| Profit Margin | 6.95% | 4.65% | 4.72% | 7.91% | 6.35% | -0.78% |
| Free Cash Flow Margin | -95.49% | -70.34% | -41.22% | 8.52% | -4.19% | -1.99% |
| EBITDA | 269.98M | 220.07M | 92.69M | 87.51M | 75.94M | 26.95M |
| EBITDA Margin | 35.42% | 35.37% | 29.60% | 29.87% | 23.73% | 16.93% |
| D&A For EBITDA | 84.55M | 84.28M | 47.22M | 36.19M | 30.43M | 27.21M |
| EBIT | 185.43M | 135.79M | 45.47M | 51.33M | 45.51M | -262.00K |
| EBIT Margin | 24.33% | 21.82% | 14.52% | 17.52% | 14.22% | -0.16% |
| Effective Tax Rate | 24.15% | 20.09% | 21.68% | 16.78% | 18.89% | |
| Revenue as Reported | 762.18M | 622.21M | 313.09M | 292.95M | 320.00M | 159.19M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 824.10M | 353.32M | 114.25M | 5.83M | 8.84M | 36.50M |
| Short-Term Investments | 122.00K | 75.00K | ||||
| Cash & Short-Term Investments | 824.10M | 353.32M | 114.25M | 5.83M | 8.96M | 36.57M |
| Accounts Receivable | 210.02M | 103.08M | 71.77M | 47.29M | 69.47M | 33.12M |
| Other Receivables | 1.90M | 1.90M | ||||
| Receivables | 210.02M | 103.08M | 71.77M | 47.29M | 71.37M | 35.02M |
| Inventory | 25.11M | 14.45M | 10.95M | 6.67M | 5.29M | 1.65M |
| Prepaid Expenses | 9.85M | 12.17M | 8.29M | 4.24M | 964.00K | 720.00K |
| Restricted Cash | 45.61M | |||||
| Other Current Assets | 100.00K | 3.10M | 2.17M | 7.10M | ||
| Total Current Assets | 1.07B | 483.02M | 250.98M | 67.14M | 88.74M | 81.07M |
| Property, Plant & Equipment | 2.77B | 1.36B | 648.73M | 335.84M | 302.19M | 244.27M |
| Goodwill | 105.36M | 105.36M | 103.98M | 13.00M | 13.00M | 13.00M |
| Other Intangible Assets | 69.20M | 59.80M | 71.52M | 702.00K | 1.43M | 2.20M |
| Long-Term Deferred Tax Assets | 99.14M | 122.63M | 51.15M | 48.01M | 55.37M | 62.94M |
| Other Long-Term Assets | 84.79M | 16.41M | 4.10M | 3.60M | 1.84M | 2.73M |
| Total Assets | 4.21B | 2.14B | 1.13B | 468.30M | 462.58M | 406.22M |
| Accounts Payable | 167.62M | 77.52M | 21.09M | 12.65M | 25.93M | 9.93M |
| Accrued Expenses | 44.91M | 30.26M | 20.56M | 19.49M | 25.25M | 16.77M |
| Current Portion of Long-Term Debt | 11.39M | 4.03M | 8.12M | |||
| Current Portion of Leases | 6.05M | 4.29M | 3.91M | 3.85M | 2.84M | 748.00K |
| Current Income Taxes Payable | 3.20M | 1.30M | 2.60M | |||
| Current Unearned Revenue | 18.00M | 5.78M | 4.92M | |||
| Other Current Liabilities | 8.10M | 40.12M | 4.33M | 1.21M | 1.88M | 1.85M |
| Total Current Liabilities | 259.28M | 163.30M | 65.53M | 37.20M | 55.91M | 29.30M |
| Long-Term Debt | 2.48B | 1.06B | 307.61M | 30.00M | 8.00M | |
| Long-Term Leases | 16.88M | 10.22M | 9.24M | 13.94M | 9.64M | 6.77M |
| Long-Term Unearned Revenue | 174.39M | |||||
| Long-Term Deferred Tax Liabilities | 11.68M | 7.37M | 7.58M | |||
| Other Long-Term Liabilities | 109.21M | 74.54M | 73.77M | 71.57M | 71.90M | 72.28M |
| Total Liabilities | 3.05B | 1.32B | 463.73M | 152.72M | 145.45M | 108.35M |
| Common Stock | 608.00K | 510.00K | 359.00K | 290.00K | 317.00K | 312.00K |
| Additional Paid-In Capital | 847.82M | 537.75M | 337.60M | 188.38M | 202.55M | 196.91M |
| Retained Earnings | 53.54M | 26.07M | 17.66M | 17.31M | 12.85M | 5.92M |
| Total Common Equity | 901.98M | 564.34M | 355.62M | 205.98M | 215.72M | 203.15M |
| Minority Interest | 258.59M | 262.91M | 311.11M | 109.60M | 101.41M | 94.73M |
| Shareholders' Equity | 1.16B | 827.25M | 666.73M | 315.58M | 317.13M | 297.88M |
| Total Liabilities & Equity | 4.21B | 2.14B | 1.13B | 468.30M | 462.58M | 406.22M |
| Total Debt | 2.51B | 1.08B | 328.88M | 47.79M | 20.48M | 7.52M |
| Net Cash (Debt) | -1.69B | -725.64M | -214.62M | -41.96M | -11.53M | 29.05M |
| Net Cash Per Share | -24.76 | -14.65 | -7.34 | -1.41 | -0.37 | 0.94 |
| Filing Date Shares Outstanding | 65.83M | 53.12M | 38.01M | 29.34M | 33.55M | 31.99M |
| Total Common Shares Outstanding | 62.81M | 53.08M | 38.01M | 28.97M | 31.64M | 31.15M |
| Working Capital | 809.81M | 319.72M | 185.44M | 29.94M | 32.83M | 51.77M |
| Book Value Per Share | 14.36 | 10.63 | 9.36 | 7.11 | 6.82 | 6.52 |
| Tangible Book Value | 727.41M | 399.18M | 180.12M | 192.28M | 201.28M | 187.94M |
| Tangible Book Value Per Share | 11.58 | 7.52 | 4.74 | 6.64 | 6.36 | 6.03 |
| Land | 700.00K | 600.00K | 600.00K | 600.00K | 612.00K | 612.00K |
| Buildings | 5.50M | 4.90M | 4.90M | 4.90M | 4.59M | 4.42M |
| Machinery | 499.82M | 494.58M | 490.63M | 480.02M | 390.00M | 319.17M |
| Construction In Progress | 30.11M | 19.95M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 54.82M | 30.17M | 15.81M | 24.34M | 21.16M | -868.00K |
| Depreciation & Amortization | 84.55M | 84.28M | 47.22M | 36.19M | 30.43M | 27.21M |
| Other Amortization | 29.04M | 159.00K | 176.00K | |||
| Loss (Gain) From Sale of Assets | -7.46M | 3.71M | 125.00K | |||
| Asset Writedown & Restructuring Costs | 1.42M | |||||
| Stock-Based Compensation | 29.66M | 23.37M | 10.59M | 7.74M | 6.09M | 5.21M |
| Provision & Write-off of Bad Debts | -420.00K | 365.00K | ||||
| Other Operating Activities | 113.72M | 87.16M | 21.90M | 22.35M | 22.28M | -410.00K |
| Change in Accounts Receivable | -89.35M | -25.44M | -16.78M | 19.70M | -35.93M | -15.24M |
| Change in Inventory | -12.92M | -3.13M | -2.25M | -6.19M | -4.62M | -978.00K |
| Change in Accounts Payable | 15.09M | 8.51M | -3.45M | -10.63M | 13.34M | 2.96M |
| Change in Unearned Revenue | 183.22M | 853.00K | -6.96M | |||
| Change in Other Net Operating Assets | 16.89M | 3.33M | 755.00K | -5.57M | 11.80M | -2.07M |
| Operating Cash Flow | 424.71M | 209.10M | 59.37M | 89.35M | 68.00M | 16.47M |
| Capital Expenditures | -1.15B | -646.76M | -188.42M | -64.39M | -81.41M | -19.64M |
| Sale of Property, Plant & Equipment | 3.39M | 3.39M | 452.00K | 2.38M | 409.00K | 80.00K |
| Cash Acquisitions | -136.82M | -29.20M | -122.06M | |||
| Divestitures | 5.00M | |||||
| Other Investing Activities | -13.90M | -13.79M | 1.46M | 34.00K | ||
| Investing Cash Flow | -1.30B | -686.36M | -305.03M | -62.00M | -79.54M | -19.52M |
| Long-Term Debt Issued | 1.09B | 365.55M | 36.52M | 11.00M | ||
| Short-Term Debt Repaid | -1.48M | -657.00K | ||||
| Long-Term Debt Repaid | -331.86M | -72.91M | -17.15M | -4.61M | -30.00K | |
| Total Debt Repaid | -796.82M | -331.86M | -72.91M | -17.15M | -6.09M | -687.00K |
| Net Debt Issued (Repaid) | 1.85B | 761.18M | 292.64M | 19.37M | 4.91M | -687.00K |
| Issuance of Common Stock | 160.88M | 6.00K | 13.00K | |||
| Repurchase of Common Stock | -15.05M | -10.55M | -9.79M | -27.80M | -1.11M | -786.00K |
| Common Dividends Paid | -26.66M | -21.76M | -14.60M | -14.07M | -19.57M | -19.20M |
| Other Financing Activities | -174.88M | -58.17M | -29.43M | -7.85M | -358.00K | -153.00K |
| Financing Cash Flow | 1.63B | 670.70M | 399.70M | -30.35M | -16.12M | -20.82M |
| Net Cash Flow | 755.76M | 193.45M | 154.03M | -3.00M | -27.66M | -23.87M |
| Free Cash Flow | -727.80M | -437.65M | -129.05M | 24.96M | -13.41M | -3.17M |
| Free Cash Flow Margin | -95.49% | -70.34% | -41.22% | 8.52% | -4.19% | -1.99% |
| Free Cash Flow Per Share | -10.66 | -8.84 | -4.41 | 0.84 | -0.43 | -0.10 |
| Levered Free Cash Flow | -806.58M | -362.98M | -165.75M | 8.22M | -27.36M | -1.55M |
| Unlevered Free Cash Flow | -784.04M | -345.74M | -157.45M | 10.38M | -27.21M | -1.57M |
| Cash Interest Paid | 15.74M | 22.41M | 11.46M | 2.96M | 249.00K | 132.00K |
| Cash Income Tax Paid | 799.00K | 503.00K | 478.00K | 370.00K | 325.00K | |
| Change in Working Capital | 112.92M | -15.88M | -28.69M | -2.68M | -15.41M | -15.34M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.01B | 2.24B | 1.07B | 243.43M | 327.04M | 209.32M |
| Enterprise Value | 6.70B | 2.99B | 1.65B | 405.15M | 432.66M | 270.01M |
| Last Close Price | 65.40 | 45.69 | 28.15 | 7.45 | 8.85 | 5.62 |
| PE Ratio | 75.22 | 77.60 | 72.13 | 10.51 | 16.10 | |
| Forward PE | 25.99 | 32.68 | 35.10 | 8.94 | 9.03 | 78.26 |
| PS Ratio | 6.57 | 3.61 | 3.40 | 0.83 | 1.02 | 1.31 |
| PB Ratio | 4.55 | 2.71 | 1.60 | 0.77 | 1.03 | 0.70 |
| P/TBV Ratio | 6.88 | 5.62 | 5.91 | 1.27 | 1.62 | 1.11 |
| P/FCF Ratio | 9.75 | |||||
| P/OCF Ratio | 11.79 | 10.73 | 17.94 | 2.72 | 4.81 | 12.71 |
| PEG Ratio | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | |
| EV/Sales Ratio | 8.79 | 4.81 | 5.28 | 1.38 | 1.35 | 1.70 |
| EV/EBITDA Ratio | 24.81 | 13.61 | 17.82 | 4.63 | 5.70 | 10.02 |
| EV/EBIT Ratio | 36.12 | 22.05 | 36.33 | 7.89 | 9.51 | |
| EV/FCF Ratio | 16.23 | |||||
| Debt / Equity Ratio | 2.17 | 1.30 | 0.49 | 0.15 | 0.07 | 0.03 |
| Debt / EBITDA Ratio | 9.27 | 4.87 | 3.49 | 0.53 | 0.27 | 0.27 |
| Debt / FCF Ratio | 1.91 | |||||
| Net Debt / Equity Ratio | 1.46 | 0.88 | 0.32 | 0.13 | 0.04 | -0.10 |
| Net Debt / EBITDA Ratio | 6.26 | 3.30 | 2.31 | 0.48 | 0.15 | -1.08 |
| Net Debt / FCF Ratio | -2.32 | -1.66 | -1.66 | 1.68 | -0.86 | 9.18 |
| Asset Turnover | 0.27 | 0.38 | 0.39 | 0.63 | 0.74 | 0.39 |
| Inventory Turnover | 20.64 | 26.49 | 21.15 | 29.74 | 63.31 | 88.54 |
| Quick Ratio | 3.99 | 2.79 | 2.84 | 1.43 | 1.44 | 2.44 |
| Current Ratio | 4.12 | 2.96 | 3.83 | 1.80 | 1.59 | 2.77 |
| Return on Equity (ROE) | 8.10% | 7.82% | 5.89% | 12.26% | 10.90% | -0.41% |
| Return on Assets (ROA) | 4.08% | 5.18% | 3.55% | 6.89% | 6.55% | -0.04% |
| Return on Invested Capital (ROIC) | 5.38% | 8.92% | 5.75% | 12.45% | 12.36% | -0.10% |
| Return on Capital Employed (ROCE) | 4.70% | 6.90% | 4.30% | 11.90% | 11.20% | -0.10% |
| Earnings Yield | 1.33% | 1.34% | 1.48% | 10.00% | 6.47% | -0.41% |
| FCF Yield | -14.53% | -19.51% | -12.12% | 10.26% | -4.10% | -1.51% |
| Dividend Yield | 0.73% | 1.14% | 1.71% | 5.36% | 4.06% | 6.25% |
| Payout Ratio | 55.21% | 72.12% | 92.36% | 57.82% | 92.48% | |
| Buyback Yield / Dilution | -101.31% | -69.39% | 1.54% | 5.67% | -2.25% | -6.47% |
| Total Shareholder Return | -100.58% | -68.25% | 3.26% | 11.03% | 1.81% | -0.22% |