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Select Water Solutions, Inc.

WTTR Energy Oil & Gas Equipment & Services

Select Water Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 3.08% from fiscal 2024.

Revenue
+8.67%
EPS
+70.0%
Free cash flow
+57.0%
Total debt
−4.15%

Quarter to June 2026, against a year earlier

16.27 0.83 +5.38%
Market cap
$2.0B
P/E
58.0×
Fwd P/E
36.7×
Dividend yield
1.79%
F-score
3/9
Altman Z
1.99
Beneish M
−3.16
Dividend safety
24/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 116.03
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 1 — 1 5 — — — — — —
Insider Ownership 13.13%

Capital & Financial Ratios $m

Size
Market Cap 1,990.00
Revenue ttm 1,430.51
Net income ttm 32.23
Free cash flow ttm (74.00)
Net debt Q 226.19
Valuation
P/E 57.97 (above 35: high)
Forward P/E 36.70 (above 35: high)
Price / sales 1.48
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.86
Financial health
Current ratio Q 1.58 (at or above 1.5: strong)
Debt / equity Q 0.23 (at or below 0.5: strong)
Interest coverage Q 6.84
Growth
Revenue growth Q +8.67% (above 0%: growing)
Operating income growth Q +122.65% (above 0%: growing)
EPS, this year +34.12% (at or above 15%: strong)
EPS, next year A −5.02% (below 0%: weak)
Revenue, next year A +8.57%
EPS, past 5 yrs —
EPS, next 5 yrs A +27.38% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.6×, against a ten-year median of 0.9×; over the ten years it ranged from 0.3× in 2020 to 3.0× in 2017.
P/E against its own 10 years 78.68%
10-year low 10-year high
P/S against its own 10 years 82.92%
10-year low 10-year high
P/B against its own 10 years 87.29%
10-year low 10-year high
EV/Sales against its own 10 years 83.50%
10-year low 10-year high

Dividends raised every year since 2022

Yield
1.79%
Annual rate
0.28
Payout ratio
104.1%
Growth, 2022–25
+77.6%/yr
  1. 0.05 ’22
  2. 0.21 ’23 +320
  3. 0.25 ’24 +19
  4. 0.28 ’25 +12
  5. 0.29 ’26e +4
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 57 20 18 33
Receivables 323 282 264 320
Inventory 39 38 34 48
Other — — — —
454 385 354 436
2023 2024 2025 Q'26
Payables 47 44 53 67
ST’ Debt — — 31 63
Other 0 0 — —
212 233 226 276

Compound Annual Growth %

10y 5y 3y
Sales 10.14% 18.39% 0.48%
Cash Flow 3.51% 15.20% 86.24%
Earnings — 0.00% (23.96%)
Book Value 10.96% 5.60% 1.61%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.11 Actual 0.17

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.03 0.03 Met by 0.00
Q4 FY25 0.01 0.00 Miss by 0.01
Q1 FY26 0.01 0.08 Beat by 0.07
Q2 FY26 0.11 0.17 Beat by 0.06
Q3 FY26 0.17 — Reports 9 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.08 0.17 — — —
’25 0.08 0.10 0.02 0.00 0.21
’24 0.03 0.13 0.15 (0.02) 0.30
’23 0.12 0.20 0.14 0.27 0.72
’22 0.07 0.13 0.22 0.07 0.50
’21 (0.27) (0.19) (0.14) 0.10 (0.48)
’20 (2.86) (0.52) (0.36) (0.21) (3.98)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 366 396 — — —
’25 374 364 322 347 1,407
’24 367 365 371 349 1,452
’23 417 405 389 375 1,585
’22 295 336 375 382 1,387
’21 144 161 205 255 765
’20 278 92 101 133 605
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 10 87 — — —
’25 (5) 83 72 65 215
’24 32 83 52 68 235
’23 (18) 102 118 83 285
’22 (19) 11 5 35 33
’21 (4) (8) (2) (2) (16)
’20 47 56 17 (14) 106
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (67) 17 — — —
’25 (52) 11 (19) (5) (65)
’24 4 29 29 16 78
’23 (39) 66 85 55 166
’22 (22) 1 (11) 24 (7)
’21 (6) (14) (18) (6) (44)
’20 41 56 19 (14) 103
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 302 692 1,529 1,292 605 765 1,387 1,585 1,452 1,407 1,431 +18.6% 1,528 1,692 1,692 +6.3%
Gross margin, % (14.59) 8.34 12.98 11.52 (4.84) 2.73 11.59 14.61 15.11 14.38 16.15 +29.0 pt
EBT (314) (36) 56 6 (403) (50) 57 21 49 25 38 n/m
EBT margin, % (103.99) (5.20) 3.66 0.47 (66.63) (6.49) 4.09 1.31 3.40 1.76 2.63 +105.8 pt
Net income (314) (35) 54 4 (402) (50) 55 79 35 21 32 n/m
Per share, $
Per share, $ Revenue 5.18 9.66 14.42 12.42 5.97 7.39 12.45 13.48 12.50 11.92 10.53 +9.7%
Earnings (5.38) (0.51) 0.49 0.03 (3.98) (0.48) 0.51 0.73 0.31 0.21 0.27 n/m
Cash flow 0.09 (0.04) 2.19 1.96 1.04 (0.16) 0.30 2.43 2.02 1.82 1.72 +40.0%
Capex (0.46) (1.27) (1.43) (0.89) (0.03) (0.27) (0.36) (1.01) (1.35) (2.37) (2.27) +19.9%
Free cash flow (0.37) (1.31) 0.76 1.07 1.02 (0.42) (0.07) 1.41 0.67 (0.55) (0.54) +4.3%
Book value 5.73 14.83 10.48 10.70 6.96 6.72 7.93 7.59 7.88 7.85 8.37 +3.6%
Shares, m 58 72 106 104 101 103 111 118 116 118 125 +8.1%
Valuation, ×
Valuation, × P/E 0.00 0.00 12.39 232.00 0.00 0.00 16.35 10.14 43.61 52.78 57.97 36.7
P/S 2.53 1.89 0.44 0.75 0.69 0.84 0.67 0.56 1.06 0.88 1.48 1.0
P/B 2.49 1.23 0.60 0.87 0.59 0.93 1.05 0.99 1.68 1.34 1.86 1.2
EV/Sales 2.73 2.05 0.47 0.76 0.53 0.82 0.69 0.57 1.12 1.09 1.64 1.1
EV/FCF (24.79) (15.10) 8.88 8.80 3.13 (14.31) (130.38) 5.46 20.91 (23.83) (31.72) (16.1)
Cash, $m
Cash, $m Operating cash flow 5 (3) 232 204 106 (16) 33 285 235 215 234 +51.4%
Capex (27) (91) (151) (93) (3) (27) (41) (119) (157) (279) (308) +29.7%
Free cash flow (22) (94) 81 111 103 (44) (7) 166 78 (65) (74) +12.8%
Balance, $m
Balance, $m Working capital 78 261 252 264 263 233 287 243 152 129 160 +5.7%
Net debt (24) 93 29 12 (94) (19) 27 (57) 65 298 226 n/m
Shareholders’ equity 335 1,063 1,111 1,113 706 695 884 892 916 927 1,138 +12.0%
Returns, %
Returns, % ROA (0.20) (1.91) 2.69 0.21 (30.47) (4.63) 4.44 6.10 2.37 1.43 1.92 +1.6 pt
ROIC (60.16) (1.62) 3.38 1.28 (40.33) (6.06) 2.69 4.58 3.47 1.47 2.30 +61.6 pt
ROE (0.31) (2.41) 3.36 0.25 (37.24) (6.03) 6.12 8.38 3.39 2.30 3.10 +2.6 pt
People
People Employees 1,700 5,100 5,300 3,900 2,000 3,000 4,000 4,200 3,700 3,300 — +7.6%
Revenue/emp, $m 0.18 0.14 0.29 0.33 0.30 0.25 0.35 0.38 0.39 0.43 — +10.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Select Water Solutions, Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EROK EagleRock Land LLC $2.4B — — — n/m — 79.13% (128.01%) Compare
EFXT Enerflex Ltd. $2.3B 32.7× — −19.82% (below 0%: shrinking) +50.13% (above 0%: growing) +147.62% (above 0%: growing) 22.79% 12.36% Compare
WTTR Select Water Solutions, Inc. $2.0B 58.0× 36.7× +8.67% (above 0%: growing) +70.00% (above 0%: growing) +56.98% (above 0%: growing) 19.41% 8.68%
NESR National Energy Services Reunited $1.9B 20.4× 13.4× +59.07% (above 0%: growing) +175.00% (above 0%: growing) +45.79% (above 0%: growing) 15.61% 12.45% Compare
LBRT Liberty Energy Inc. $1.9B 47.4× 97.1× +26.26% (above 0%: growing) n/m −548.07% (below 0%: shrinking) 16.81% 1.61% Compare
INVX Innovex International, Inc. $1.7B 35.1× 31.2× +10.44% (above 0%: growing) −34.09% (below 0%: shrinking) −39.84% (below 0%: shrinking) 36.17% 12.20% Compare
FLOC Flowco Holdings Inc. $1.7B 11.9× 15.6× +22.07% (above 0%: growing) +38.10% (above 0%: growing) +7.07% (above 0%: growing) 53.60% 17.48% Compare
NEXT NextDecade Corporation $1.6B 4.9× — — n/m +24.70% (above 0%: growing) 0.00% 0.00% Compare
XPRO Expro Group Holdings N.V. $1.4B 935× 21.3× +6.95% (above 0%: growing) n/m −23.77% (below 0%: shrinking) 21.65% 1.11% Compare
Median of peers $1.8B 32.7× 21.3× +16.26% +44.12% +7.07% 22.22% 6.91%

All 48 Oil & Gas Equipment & Services stocks →

Pay and ownership Proxy statement filed 24 March 2026

Ownership

Directors and executive officers, together 5.40% of the votes
Crestview Partners II GP, LP 14.50% of the votes
SES Legacy Holdings, LLC 11.70% of the votes
Franklin Mutual Advisors, LLC 5.50% of the votes
BlackRock, Inc. 4.80% of the votes
Dimensional Fund Advisors LP 4.60% of the votes
The Vanguard Group 4.40% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Select Water Solutions, Inc. (WTTR) Latest News

2 Nov

Impact 4 · · PR Newswire

28 Oct

Impact 3 · · Simply Wall St.

14 Oct

Impact 4 · · PR Newswire

13 Oct

Impact 4 · · PR Newswire

2 Oct

Impact 4 · · Zacks

26 Sep

Impact 4 · · MarketBeat

25 Sep

Impact 4 · · StockStory
Impact 4 · · offshore-technology.com

24 Sep

Impact 4 · · Investing.com
Impact 4 · · PR Newswire

21 Sep

Impact 3 · · StockStory

17 Sep

Impact 3 ·

10 Sep

Impact 3 ·

28 Aug

Impact 4 · · MarketBeat

21 Aug

Impact 4 · · MarketBeat

18 Aug

Impact 4 ·

13 Aug

Impact 3 ·

12 Aug

Impact 4 ·

11 Aug

Impact 4 · · The Motley Fool transcript

10 Aug

Impact 3 ·

9 Aug

Impact 3 · · MarketBeat

6 Aug

Impact 4 · transcript

5 Aug

Impact 4 · transcript
Impact 4 ·

4 Aug

Impact 3 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·

11 Jul

Impact 3 ·

10 Jul

Impact 3 ·

WTTR metrics, ten years each

stockrow.com/WTTR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com