Saturday 17 October 2026 Export WTTR’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 8.67%, EPS grew 70.0%, free cash flow grew 57.0% and total debt fell 4.15%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

18.57 0.37 +2.03%

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Market cap: $2.4B
P/E: 69.0×
Fwd P/E: 46.2×
Dividend yield: 1.51%
F-score: 3/9
Altman Z: 1.99
Beneish M: −3.16
Dividend safety: 24/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 119.51

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	—	1	—	1	5	—	—	—	—	—

Insider Ownership 13.13%

Capital & Financial Ratios $m

Market Cap 2,350.00

Revenue 1,430.51

Net Income 32.23

Free Cash Flow (74.00)

Net Debt 226.19

Current Ratio 1.58

Debt/Equity 0.23

P/E ratio 68.96

Fwd P/E 46.20

P/S ratio 1.76

P/B ratio 2.22

Past 5Y EPS Growth —

This Y EPS Growth 41.49%

Next Y EPS Growth (6.60%)

Next Y revenue growth 8.93%

Next 5Y EPS Growth 29.39%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 85.49%

10-year low 10-year high

P/S against its own 10 years 88.18%

10-year low 10-year high

P/B against its own 10 years 91.79%

10-year low 10-year high

EV/Sales against its own 10 years 88.60%

10-year low 10-year high

Dividends

Payout Ratio 1.04

Annual Dividend Rate 0.28

Annual Dividend Yield 1.51%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.29	0.07 0.07 0.07
2025	0.28	0.07 0.07 0.07 0.07
2024	0.25	0.06 0.06 0.06 0.07
2023	0.21	0.05 0.05 0.05 0.06
2022	0.05	0.05
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	11.22	6.05	6.06	2.22	4.06	6.02	5.52	6.99	7.20	Analyst estimates 2026–2028 Powerpack
	High	—	18.44	21.96	12.75	9.57	7.58	10.43	9.56	15.14	14.66
People
People	Employees	1,700	5,100	5,300	3,900	2,000	3,000	4,000	4,200	3,700	3,300
	Revenue/emp, $m	0.18	0.14	0.29	0.33	0.30	0.25	0.35	0.38	0.39	0.43
Income, $m
Income, $m	Revenue	302	692	1,529	1,292	605	765	1,387	1,585	1,452	1,407
	Gross margin, %	(14.59)	8.34	12.98	11.52	(4.84)	2.73	11.59	14.61	15.11	14.38
	EBT	(314)	(36)	56	6	(403)	(50)	57	21	49	25
	EBT margin, %	(103.99)	(5.20)	3.66	0.47	(66.63)	(6.49)	4.09	1.31	3.40	1.76
	Net income	(314)	(35)	54	4	(402)	(50)	55	79	35	21
	Depreciation	239	107	152	121	102	93	116	142	157	182
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
	Earnings	(5.38)	(0.51)	0.49	0.03	(3.98)	(0.48)	0.51	0.73	0.31	0.21
	Cash flow	0.09	(0.04)	2.19	1.96	1.04	(0.16)	0.30	2.43	2.02	1.82
	Capex	(0.46)	(1.27)	(1.43)	(0.89)	(0.03)	(0.27)	(0.36)	(1.01)	(1.35)	(2.37)
	Free cash flow	(0.37)	(1.31)	0.76	1.07	1.02	(0.42)	(0.07)	1.41	0.67	(0.55)
	Book value	5.73	14.83	10.48	10.70	6.96	6.72	7.93	7.59	7.88	7.85
	Shares, m	58	72	106	104	101	103	111	118	116	118
Valuation, ×
Valuation, ×	P/E	0.00	0.00	12.39	232.00	0.00	0.00	16.35	10.14	43.61	52.78
	P/S	2.53	1.89	0.44	0.75	0.69	0.84	0.67	0.56	1.06	0.88
	P/B	2.49	1.23	0.60	0.87	0.59	0.93	1.05	0.99	1.68	1.34
	EV/Sales	2.73	2.05	0.47	0.76	0.53	0.82	0.69	0.57	1.12	1.09
	EV/FCF	(24.79)	(15.10)	8.88	8.80	3.13	(14.31)	(130.38)	5.46	20.91	(23.83)
Cash, $m
Cash, $m	Operating cash flow	5	(3)	232	204	106	(16)	33	285	235	215
	Capex	(27)	(91)	(151)	(93)	(3)	(27)	(41)	(119)	(157)	(279)
	Free cash flow	(22)	(94)	81	111	103	(44)	(7)	166	78	(65)
Balance, $m
Balance, $m	Working capital	78	261	252	264	263	233	287	243	152	129
	Total debt	16	96	46	91	75	67	34	—	85	316
	Net debt	(24)	93	29	12	(94)	(19)	27	(57)	65	298
	Shareholders’ equity	335	1,063	1,111	1,113	706	695	884	892	916	927
Returns, %
Returns, %	ROA	(0.20)	(1.91)	2.69	0.21	(30.47)	(4.63)	4.44	6.10	2.37	1.43
	ROIC	(60.16)	(1.62)	3.38	1.28	(40.33)	(6.06)	2.69	4.58	3.47	1.47
	ROE	(0.31)	(2.41)	3.36	0.25	(37.24)	(6.03)	6.12	8.38	3.39	2.30

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WBI WaterBridge Infrastructure LLC	$3.6B	356×	327×	+128.00% (above 0%: growing)	—	+14.45% (above 0%: growing)	59.80%	18.49%	Compare
EFXT Enerflex Ltd.	$3.0B	57.9×	—	−5.37% (below 0%: shrinking)	−48.98% (below 0%: shrinking)	+950.00% (above 0%: growing)	23.88%	9.97%	Compare
LBRT Liberty Energy Inc.	$2.7B	22.1×	72.8×	+14.01% (above 0%: growing)	−40.91% (below 0%: shrinking)	−342.02% (below 0%: shrinking)	17.53%	1.07%	Compare
WTTR Select Water Solutions, Inc.	$2.4B	69.0×	46.2×	+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	19.9×	14.9×	+59.07% (above 0%: growing)	+175.00% (above 0%: growing)	+45.79% (above 0%: growing)	15.61%	12.45%	Compare
INVX Innovex International, Inc.	$1.9B	31.5×	12.0×	+9.21% (above 0%: growing)	+63.64% (above 0%: growing)	−39.84% (below 0%: shrinking)	34.16%	13.79%	Compare
XPRO Expro Group Holdings N.V.	$1.8B	91.4×	20.6×	−6.99% (below 0%: shrinking)	−88.81% (below 0%: shrinking)	+56.10% (above 0%: growing)	20.86%	2.64%	Compare
FLOC Flowco Holdings Inc.	$1.7B	11.7×	16.2×	+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	— (loss-making)	—	—	n/m	−35.67% (below 0%: shrinking)	0.00%	0.00%	Compare
Median of peers	$1.9B	31.5×	18.4×	+14.01%	−1.41%	+10.76%	22.37%	11.21%

All 46 Oil & Gas Equipment & Services stocks →

Select Water Solutions, Inc. (WTTR) key facts

Concern: Select Water Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 3.08% from fiscal 2024.
Select Water Solutions, Inc. (WTTR) is an Oil & Gas Equipment & Services company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, WTTR traded at $18.57, a market capitalization of $2.4 billion.
Select Water Solutions, Inc. pays an annual dividend of $0.28 per share, a yield of 1.51%, with a payout ratio of 104.1%.
Return on equity was 2.30% and debt-to-equity 0.23.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.99 (grey zone) for fiscal 2025.