Select Water Solutions, Inc. (New York Stock Exchange:WTTR)
Insiders here have filed 1 Form 4 in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $1.43B
- Net income
- $32.0M
- Net margin
- 2.2%
Little or no net debt.
- Total debt
- $291.3M
- Cash
- $33.4M
- Net debt / EBITDA
- 1.09x
Comfortably covers what is due within a year.
- Current assets
- $436.1M
- Current liabilities
- $276.4M
- Current ratio
- 1.58
Roughly cash-neutral.
- Operating cash flow
- $234.1M
- Free cash flow
- -$82.0M
- FCF margin
- -5.7%
Not funding itself by issuing shares.
- Shares outstanding
- 123.1M
- Share growth (1y)
- 4.6%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
WTTR Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 395.81 M | 365.96 M | 346.50 M | 322.24 M | 364.21 M | 374.38 M |
| Revenue Growth (YoY) | 8.67 % | -2.25 % | -0.73 % | -13.22 % | -0.25 % | 2.14 % |
| Cost of Revenue | 318.97 M | 300.68 M | 302.35 M | 235.11 M | 306.46 M | 318.61 M |
| Gross Profit | 76.84 M | 64.16 M | 44.15 M | 87.13 M | 57.75 M | 55.77 M |
| SG&A Expense | 41.18 M | 40.55 M | 43.27 M | 36.92 M | 38.94 M | 37.43 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 42.50 M | 40.22 M | 43.27 M | 88.90 M | 42.33 M | 40.23 M |
| Operating Income | 34.34 M | 23.93 M | 878.00 K | -1.77 M | 15.43 M | 15.54 M |
| Pretax Income | 29.49 M | 11.87 M | -11.52 M | 2.73 M | 16.19 M | 12.45 M |
| Tax Provision | 6.36 M | 2.43 M | -9.46 M | 434.00 K | 4.52 M | 2.89 M |
| Net Income | 21.04 M | 8.61 M | -346.00 K | 2.68 M | 10.65 M | 8.24 M |
| EPS (Basic) | 0.17 | 0.08 | -0.00 | 0.03 | 0.10 | 0.08 |
| EPS (Diluted) | 0.17 | 0.08 | -0.00 | 0.03 | 0.10 | 0.08 |
| Shares Outstanding | 123.15 M | 110.15 M | 102.59 M | 103.97 M | 117.75 M | 117.01 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.