Select Water Solutions, Inc. (WTTR) Financial Statements
Industry: Oil & Gas Field Services (Other)
In fiscal 2025, Select Water Solutions reported revenue of $1.41B, down 3.1% from $1.45B the year before. Net income was $21.2M (a 1.5% net margin), or $0.21 per diluted share. Gross margin was 14.4% and operating margin was 2.0%. Operating activities generated $214.7M of cash, leaving -$79.9M of free cash flow. At fiscal year end, Select Water Solutions held $1.60B in total assets against $668.5M in total liabilities, including $18.1M of cash and equivalents.
Open the full interactive Select Water Solutions financials → Quarterly statements, key ratios, valuation history and price charts.
Select Water Solutions Key Stats
| Share Price | $19.35 |
|---|---|
| Market Cap | $2.43B |
| P/E Ratio | 92.1 |
| Dividend Yield | 1.45% |
| Revenue YoY Growth | -3.1% |
| 52-Week Range | $9.28 – $22.18 |
| Shares Outstanding | 123.1 million (basic, 2026 Q2) |
Select Water Solutions Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $605.1M | $764.6M | $1.39B | $1.59B | $1.45B | $1.41B |
| Gross Profit | -$29.3M | $20.9M | $160.8M | $231.7M | $219.5M | $202.4M |
| Operating Income | -$394.8M | -$65.5M | $39.2M | $61.2M | $54.5M | $28.8M |
| Pre-Tax Income | -$403.2M | -$49.7M | $56.7M | $20.8M | $49.4M | $19.9M |
| Income Tax | -$1.5M | $147,000 | $957,000 | -$60.2M | $13.6M | -$1.6M |
| Net Income | -$338.7M | -$42.2M | $48.3M | $74.4M | $30.6M | $21.2M |
| Diluted EPS | -$3.98 | -$0.48 | $0.50 | $0.72 | $0.30 | $0.21 |
Select Water Solutions Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $322.2M | $346.5M | $366.0M | $395.8M |
| Net Income | $2.7M | -$346,000 | $8.6M | $21.0M |
| Diluted EPS | $0.03 | -$0.00 | $0.08 | $0.17 |
Select Water Solutions Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $169.0M | $85.8M | $7.3M | $57.1M | $20.0M | $18.1M |
| Current Assets | $351.5M | $394.8M | $517.9M | $454.1M | $385.5M | $354.4M |
| Total Assets | $875.4M | $950.2M | $1.22B | $1.22B | $1.37B | $1.60B |
| Current Liabilities | $88.8M | $162.0M | $231.3M | $211.5M | $233.4M | $225.7M |
| Total Long-Term Debt | — | — | $16.0M | — | $85.0M | $316.3M |
| Total Liabilities | $169.5M | $255.0M | $339.1M | $326.0M | $450.7M | $668.5M |
| Shareholders' Equity | $593.1M | $592.1M | $766.0M | $772.5M | $793.5M | $805.6M |
Select Water Solutions Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $105.8M | -$16.2M | $33.2M | $285.4M | $234.9M | $214.7M |
| Cash From Investing | -$5.4M | -$64.5M | -$53.2M | -$137.2M | -$318.6M | -$405.0M |
| Cash From Financing | -$10.7M | -$2.5M | -$58.5M | -$98.4M | $46.6M | $188.4M |
| Free Cash Flow | $84.6M | -$56.2M | -$38.7M | $149.5M | $61.7M | -$79.9M |
| Dividends Paid | — | — | $6.0M | $24.9M | $29.7M | $33.7M |
Figures from Select Water Solutions' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Select Water Solutions financials page for every line item.
Select Water Solutions Company Profile
| Ticker | WTTR |
|---|---|
| Exchange | NYSE |
| Industry | Oil & Gas Field Services (Other) |
| Headquarters | Gainesville, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001693256 |
Frequently Asked Questions
What was Select Water Solutions' revenue in fiscal 2025?
Select Water Solutions (WTTR) reported revenue of $1.41B for fiscal 2025.
What is Select Water Solutions' annual revenue history?
Select Water Solutions' annual revenue by fiscal year: 2020: $605.1M; 2021: $764.6M; 2022: $1.39B; 2023: $1.59B; 2024: $1.45B; 2025: $1.41B.
What was Select Water Solutions' net income in fiscal 2025?
Select Water Solutions reported net income of $21.2M for fiscal 2025.
What was Select Water Solutions' earnings per share (EPS) in fiscal 2025?
Select Water Solutions' diluted EPS was $0.21 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Select Water Solutions generate in fiscal 2025?
Select Water Solutions generated -$79.9M of free cash flow in fiscal 2025.
What was Select Water Solutions' revenue last quarter?
In its most recent reported quarter (2026 Q2), Select Water Solutions reported revenue of $395.8M.
How much debt does Select Water Solutions have?
Select Water Solutions reported $316.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Select Water Solutions are outstanding?
Select Water Solutions reported a weighted average of 123.1 million basic shares outstanding in 2026 Q2.
What is Select Water Solutions' market cap?
Based on its latest closing price, Select Water Solutions (WTTR) has a market capitalization of about $2.43B.
When does Select Water Solutions' fiscal year end?
Select Water Solutions' fiscal year end, as registered with the SEC, is December 31.
Where is Select Water Solutions headquartered?
Select Water Solutions lists its business address in Gainesville, Texas in its SEC filings.