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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. 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%
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 (at or above 1.5: strong)
Debt/Equity 0.23 (at or below 0.5: strong)
P/E ratio 68.96 (above 35: high)
Fwd P/E 46.20 (above 35: high)
P/S ratio 1.76
P/B ratio 2.22
Past 5Y EPS Growth —
This Y EPS Growth 41.49% (at or above 15%: strong)
Next Y EPS Growth (6.60%) (below 0%: weak)
Next Y revenue growth 8.93%
Next 5Y EPS Growth 29.39% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, 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 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.

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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.

Source: company filings (standardised) and stockrow calculations.

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