NYSE : WTTR
Select Water Solutions, Inc. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 19.67 USD (Oct 30, 2026, 9:49 AM EDT) · Market cap 2.72B
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Financial statements
Select Water Solutions, Inc. (WTTR) reported revenue of 1.43B 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.43B | 1.41B | 1.45B | 1.59B | 1.39B | 764.62M |
| Revenue | 1.43B | 1.41B | 1.45B | 1.59B | 1.39B | 764.62M |
| Cost of Revenue | 1.01B | 1.03B | 1.08B | 1.21B | 1.11B | 653.73M |
| Gross Profit | 418.73M | 376.89M | 373.01M | 370.48M | 274.26M | 110.89M |
| Selling, General & Admin | 165.52M | 157.85M | 154.93M | 154.25M | 111.94M | 75.45M |
| Operating Expenses | 358.06M | 337.67M | 311.88M | 295.34M | 227.65M | 167.91M |
| Operating Income | 60.67M | 39.23M | 61.13M | 75.14M | 46.61M | -57.02M |
| Interest Expense | -23.59M | -23.18M | -6.96M | -4.39M | -2.70M | -1.71M |
| Earnings From Equity Investments | -5.66M | -4.89M | -352.00K | -1.80M | -913.00K | -279.00K |
| Other Non Operating Income (Expenses) | -6.86M | -6.14M | -1.41M | -35.76M | 4.72M | 1.68M |
| EBT Excluding Unusual Items | 24.55M | 5.02M | 52.41M | 33.18M | 47.72M | -57.34M |
| Merger & Restructuring Charges | -2.00M | -2.00M | -4.40M | -1.30M | -7.00M | -4.40M |
| Gain (Loss) on Sale of Investments | -1.00M | |||||
| Gain (Loss) on Sale of Assets | 3.04M | 10.34M | 3.25M | -210.00K | 2.19M | -2.07M |
| Asset Writedown | -9.54M | -6.22M | -1.24M | -12.61M | ||
| Other Unusual Items | 15.95M | 12.72M | -1.01M | -42.00K | 12.90M | 14.87M |
| Pretax Income | 32.00M | 19.86M | 49.02M | 19.02M | 55.81M | -49.94M |
| Income Tax Expense | -230.00K | -1.61M | 13.57M | -60.20M | 957.00K | 147.00K |
| Earnings From Continuing Operations | 32.23M | 21.47M | 35.45M | 79.22M | 54.85M | -50.09M |
| Net Income to Company | 32.23M | 21.47M | 35.45M | 79.22M | 54.85M | -50.09M |
| Minority Interest in Earnings | -252.00K | -244.00K | -4.81M | -4.82M | -6.58M | 7.86M |
| Net Income | 31.98M | 21.22M | 30.64M | 74.40M | 48.28M | -42.23M |
| Net Income to Common | 31.98M | 21.22M | 30.64M | 74.40M | 48.28M | -42.23M |
| Shares Outstanding (Basic) | 109.62M | 101.86M | 99.99M | 101.39M | 95.21M | 87.28M |
| Shares Outstanding (Diluted) | 111.78M | 103.78M | 102.19M | 103.37M | 95.99M | 87.28M |
| EPS (Basic) | 0.29 | 0.21 | 0.31 | 0.73 | 0.51 | -0.48 |
| EPS (Diluted) | 0.29 | 0.21 | 0.30 | 0.72 | 0.50 | -0.48 |
| Free Cash Flow | -82.00M | -79.89M | 61.73M | 149.49M | -38.65M | -56.24M |
| Free Cash Flow Per Share | -0.73 | -0.77 | 0.60 | 1.45 | -0.40 | -0.64 |
| Dividend Per Share | 0.28 | 0.28 | 0.26 | 0.22 | 0.10 | |
| Gross Margin | 29.27% | 26.78% | 25.69% | 23.37% | 19.77% | 14.50% |
| Operating Margin | 4.24% | 2.79% | 4.21% | 4.74% | 3.36% | -7.46% |
| Profit Margin | 2.23% | 1.51% | 2.11% | 4.69% | 3.48% | -5.52% |
| Free Cash Flow Margin | -5.73% | -5.68% | 4.25% | 9.43% | -2.79% | -7.36% |
| EBITDA | 253.21M | 219.05M | 218.08M | 216.23M | 162.33M | 35.44M |
| EBITDA Margin | 17.70% | 15.56% | 15.02% | 13.64% | 11.70% | 4.63% |
| D&A For EBITDA | 192.54M | 179.82M | 156.95M | 141.09M | 115.72M | 92.46M |
| EBIT | 60.67M | 39.23M | 61.13M | 75.14M | 46.61M | -57.02M |
| EBIT Margin | 4.24% | 2.79% | 4.21% | 4.74% | 3.36% | -7.46% |
| Effective Tax Rate | 27.68% | 1.71% | ||||
| Revenue as Reported | 1.43B | 1.41B | 1.45B | 1.59B | 1.39B | 764.62M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 33.40M | 18.08M | 19.98M | 57.08M | 7.32M | 85.80M |
| Cash & Short-Term Investments | 33.40M | 18.08M | 19.98M | 57.08M | 7.32M | 85.80M |
| Receivables | 319.92M | 264.03M | 281.72M | 322.78M | 435.07M | 233.04M |
| Inventory | 48.00M | 34.28M | 38.45M | 38.65M | 41.16M | 44.46M |
| Prepaid Expenses | 34.82M | 38.00M | 45.35M | 35.54M | 34.38M | 31.49M |
| Total Current Assets | 436.14M | 354.39M | 385.50M | 454.06M | 517.94M | 394.79M |
| Property, Plant & Equipment | 1.06B | 940.89M | 762.50M | 557.09M | 547.22M | 439.52M |
| Long-Term Investments | 77.14M | 78.23M | 11.35M | 11.79M | 13.12M | 2.04M |
| Goodwill | 48.48M | 48.48M | 18.21M | 4.68M | ||
| Other Intangible Assets | 108.04M | 106.20M | 123.72M | 116.19M | 138.80M | 108.47M |
| Long-Term Deferred Tax Assets | 45.85M | 48.88M | 46.34M | 61.62M | ||
| Other Long-Term Assets | 17.07M | 18.53M | 18.66M | 12.76M | 5.78M | 927.00K |
| Total Assets | 1.79B | 1.60B | 1.37B | 1.22B | 1.22B | 950.19M |
| Accounts Payable | 66.73M | 53.32M | 43.57M | 46.67M | 64.84M | 37.99M |
| Accrued Expenses | 122.38M | 120.00M | 163.67M | 140.38M | 144.61M | 104.95M |
| Current Portion of Long-Term Debt | 63.15M | 31.25M | ||||
| Current Portion of Leases | 12.00M | 14.90M | 16.65M | 15.20M | 17.77M | 14.11M |
| Other Current Liabilities | 12.12M | 6.23M | 9.49M | 9.30M | 4.07M | 4.99M |
| Total Current Liabilities | 276.38M | 225.70M | 233.38M | 211.55M | 231.29M | 162.04M |
| Long-Term Debt | 196.44M | 285.04M | 85.00M | 16.00M | ||
| Long-Term Leases | 20.37M | 23.33M | 31.44M | 38.35M | 46.39M | 53.22M |
| Long-Term Unearned Revenue | 8.20M | |||||
| Long-Term Deferred Tax Liabilities | 20.26M | 365.00K | 309.00K | 362.00K | 530.00K | |
| Other Long-Term Liabilities | 157.04M | 114.21M | 100.56M | 75.82M | 45.08M | 31.03M |
| Total Liabilities | 650.22M | 668.54M | 450.75M | 326.02M | 339.12M | 255.02M |
| Common Stock | 1.38M | 1.21M | 1.19M | 1.18M | 1.26M | 1.10M |
| Additional Paid-In Capital | 1.20B | 989.33M | 998.47M | 1.01B | 1.08B | 950.46M |
| Retained Earnings | -155.28M | -184.92M | -206.15M | -236.79M | -311.19M | -359.47M |
| Total Common Equity | 1.05B | 805.62M | 793.52M | 772.49M | 765.98M | 592.10M |
| Minority Interest | 88.17M | 121.45M | 122.01M | 119.68M | 117.75M | 103.08M |
| Shareholders' Equity | 1.14B | 927.07M | 915.53M | 892.17M | 883.73M | 695.17M |
| Total Liabilities & Equity | 1.79B | 1.60B | 1.37B | 1.22B | 1.22B | 950.19M |
| Total Debt | 291.95M | 354.52M | 133.09M | 53.55M | 80.16M | 67.33M |
| Net Cash (Debt) | -258.56M | -336.44M | -113.11M | 3.54M | -72.84M | 18.47M |
| Net Cash Per Share | -2.31 | -3.24 | -1.11 | 0.03 | -0.76 | 0.21 |
| Filing Date Shares Outstanding | 128.94M | 105.14M | 103.07M | 101.94M | 109.39M | 91.90M |
| Total Common Shares Outstanding | 127.07M | 104.88M | 103.07M | 102.17M | 109.39M | 94.17M |
| Working Capital | 159.76M | 128.69M | 152.12M | 242.51M | 286.65M | 232.75M |
| Book Value Per Share | 8.26 | 7.68 | 7.70 | 7.56 | 7.00 | 6.29 |
| Tangible Book Value | 892.83M | 650.93M | 651.59M | 651.62M | 627.18M | 483.62M |
| Tangible Book Value Per Share | 7.03 | 6.21 | 6.32 | 6.38 | 5.73 | 5.14 |
| Land | 54.93M | 46.41M | 39.96M | 23.75M | 24.16M | 16.87M |
| Buildings | 115.44M | 108.87M | 109.52M | 111.65M | 116.75M | 108.18M |
| Machinery | 773.47M | 746.99M | 718.98M | 700.47M | 743.78M | 661.29M |
| Construction In Progress | 119.77M | 78.82M | 122.31M | 117.17M | 42.29M | 19.83M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 31.98M | 21.22M | 30.64M | 74.40M | 48.28M | -42.23M |
| Depreciation & Amortization | 192.54M | 179.82M | 156.95M | 141.09M | 115.72M | 92.46M |
| Other Amortization | 1.65M | 2.23M | 489.00K | 489.00K | 661.00K | 688.00K |
| Loss (Gain) From Sale of Assets | -3.04M | -10.34M | -3.25M | 210.00K | -2.19M | 2.07M |
| Asset Writedown & Restructuring Costs | 9.54M | 6.22M | 1.24M | 12.61M | ||
| Loss (Gain) From Sale of Investments | 2.04M | |||||
| Loss (Gain) on Equity Investments | 5.66M | 4.89M | 352.00K | 1.80M | 913.00K | 279.00K |
| Stock-Based Compensation | 27.40M | 19.88M | 26.36M | 17.37M | 15.57M | 9.47M |
| Provision & Write-off of Bad Debts | 52.00K | 989.00K | 58.00K | 5.19M | 2.02M | -139.00K |
| Other Operating Activities | -6.29M | -8.38M | 18.60M | -17.06M | -9.41M | -28.36M |
| Change in Accounts Receivable | -11.26M | 16.11M | 46.88M | 102.30M | -162.26M | -80.13M |
| Change in Accounts Payable | -12.11M | -29.79M | -28.83M | -46.32M | 22.70M | 42.75M |
| Change in Other Net Operating Assets | -2.01M | 11.82M | -14.59M | -6.73M | 1.23M | -15.15M |
| Operating Cash Flow | 234.13M | 214.67M | 234.89M | 285.36M | 33.23M | -16.25M |
| Capital Expenditures | -316.12M | -294.56M | -173.15M | -135.87M | -71.88M | -39.99M |
| Sale of Property, Plant & Equipment | 8.00M | 15.25M | 15.81M | 16.89M | 31.32M | 12.50M |
| Cash Acquisitions | -78.59M | -53.59M | -161.28M | -17.69M | -6.96M | -34.74M |
| Divestitures | 1.70M | |||||
| Investment in Securities | -500.00K | -72.06M | -500.00K | -7.67M | -1.47M | |
| Other Investing Activities | 244.00K | -754.00K | ||||
| Investing Cash Flow | -387.21M | -404.96M | -318.62M | -137.17M | -53.25M | -64.46M |
| Long-Term Debt Issued | 381.50M | 165.00M | 105.25M | 143.00M | ||
| Long-Term Debt Repaid | -147.10M | -80.23M | -121.35M | -149.19M | -320.00K | |
| Net Debt Issued (Repaid) | -12.67M | 234.40M | 84.77M | -16.10M | -6.19M | -320.00K |
| Issuance of Common Stock | 191.63M | 50.00K | 53.00K | 58.00K | ||
| Repurchase of Common Stock | -8.95M | -7.29M | -7.91M | -61.77M | -20.21M | -1.21M |
| Common Dividends Paid | -35.11M | -33.66M | -29.75M | -24.92M | -6.02M | |
| Other Financing Activities | 399.00K | -5.07M | -521.00K | 4.37M | -26.09M | -1.07M |
| Financing Cash Flow | 135.30M | 188.39M | 46.64M | -98.42M | -58.45M | -2.54M |
| Foreign Exchange Rate Adjustments | -6.00K | 6.00K | -9.00K | -3.00K | -13.00K | 8.00K |
| Net Cash Flow | -17.79M | -1.89M | -37.10M | 49.76M | -78.48M | -83.24M |
| Free Cash Flow | -82.00M | -79.89M | 61.73M | 149.49M | -38.65M | -56.24M |
| Free Cash Flow Margin | -5.73% | -5.68% | 4.25% | 9.43% | -2.79% | -7.36% |
| Free Cash Flow Per Share | -0.73 | -0.77 | 0.60 | 1.45 | -0.40 | -0.64 |
| Levered Free Cash Flow | -87.48M | -90.57M | 96.33M | 163.76M | -48.53M | -30.48M |
| Unlevered Free Cash Flow | -74.39M | -78.31M | 100.19M | 166.02M | -47.51M | -30.10M |
| Cash Interest Paid | 23.00M | 18.74M | 7.14M | 4.71M | 1.97M | 1.49M |
| Cash Income Tax Paid | 642.00K | 1.82M | 1.65M | -452.00K | -887.00K | |
| Change in Working Capital | -25.38M | -1.86M | 3.46M | 49.25M | -138.32M | -52.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.53B | 1.10B | 1.36B | 788.73M | 1.00B | 586.70M |
| Enterprise Value | 2.79B | 1.55B | 1.61B | 937.66M | 1.16B | 647.15M |
| Last Close Price | 19.73 | 10.38 | 12.71 | 7.09 | 8.41 | 5.64 |
| PE Ratio | 63.67 | 52.00 | 44.54 | 10.60 | 20.72 | |
| Forward PE | 36.27 | 54.37 | 16.82 | 7.96 | 7.29 | 77.58 |
| PS Ratio | 1.77 | 0.78 | 0.94 | 0.50 | 0.72 | 0.77 |
| PB Ratio | 2.39 | 1.19 | 1.49 | 0.88 | 1.13 | 0.84 |
| P/TBV Ratio | 2.83 | 1.70 | 2.10 | 1.21 | 1.59 | 1.21 |
| P/FCF Ratio | 22.11 | 5.28 | ||||
| P/OCF Ratio | 10.80 | 5.14 | 5.81 | 2.76 | 30.09 | |
| PEG Ratio | 0.65 | 1.87 | 1.87 | 1.87 | 1.87 | 1.87 |
| EV/Sales Ratio | 1.95 | 1.10 | 1.11 | 0.59 | 0.84 | 0.85 |
| EV/EBITDA Ratio | 11.01 | 7.07 | 7.38 | 4.34 | 7.16 | 18.26 |
| EV/EBIT Ratio | 45.94 | 39.46 | 26.32 | 12.48 | 24.94 | |
| EV/FCF Ratio | 26.06 | 6.27 | ||||
| Debt / Equity Ratio | 0.26 | 0.38 | 0.14 | 0.06 | 0.09 | 0.10 |
| Debt / EBITDA Ratio | 0.83 | 1.09 | 0.39 | 0.16 | 0.30 | 1.35 |
| Debt / FCF Ratio | 2.16 | 0.36 | ||||
| Net Debt / Equity Ratio | 0.23 | 0.36 | 0.12 | -0.00 | 0.08 | -0.03 |
| Net Debt / EBITDA Ratio | 1.02 | 1.54 | 0.52 | -0.02 | 0.45 | -0.52 |
| Net Debt / FCF Ratio | -3.15 | -4.21 | 1.83 | -0.02 | -1.88 | 0.33 |
| Asset Turnover | 0.86 | 0.95 | 1.12 | 1.30 | 1.28 | 0.84 |
| Inventory Turnover | 22.57 | 28.34 | 27.99 | 30.44 | 26.00 | 16.80 |
| Quick Ratio | 1.28 | 1.25 | 1.29 | 1.80 | 1.91 | 1.97 |
| Current Ratio | 1.58 | 1.57 | 1.65 | 2.15 | 2.24 | 2.44 |
| Return on Equity (ROE) | 3.13% | 2.33% | 3.92% | 8.92% | 6.95% | -7.15% |
| Return on Assets (ROA) | 2.27% | 1.66% | 2.96% | 3.85% | 2.68% | -3.90% |
| Return on Invested Capital (ROIC) | 4.42% | 3.42% | 4.61% | 8.14% | 5.61% | -8.87% |
| Return on Capital Employed (ROCE) | 4.00% | 2.90% | 5.40% | 7.50% | 4.70% | -7.20% |
| Earnings Yield | 1.57% | 1.92% | 2.25% | 9.43% | 4.83% | -7.20% |
| FCF Yield | -3.24% | -7.24% | 4.52% | 18.95% | -3.86% | -9.59% |
| Dividend Yield | 1.53% | 2.66% | 1.96% | 2.85% | 1.09% | |
| Payout Ratio | 97.64% | 158.58% | 97.07% | 33.50% | 12.47% | |
| Buyback Yield / Dilution | -8.56% | -1.55% | 1.13% | -7.69% | -9.98% | -2.49% |
| Total Shareholder Return | -7.03% | 1.11% | 3.10% | -4.83% | -8.89% | -2.49% |