WaterBridge Infrastructure LLC Financials
This page shows WaterBridge Infrastructure LLC (WBI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
WaterBridge Infrastructure LLC has an operating margin of 15.0%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is down from 17.8% the prior year.
WaterBridge Infrastructure LLC's revenue surged 66.2% year-over-year to $525.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
WaterBridge Infrastructure LLC has a moderate D/E ratio of 2.38. This balance of debt and equity financing earns a leverage score of 54/100.
WaterBridge Infrastructure LLC's current ratio of 1.38 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.
While WaterBridge Infrastructure LLC generated $159.7M in operating cash flow, capex of $278.6M consumed most of it, leaving -$118.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
WaterBridge Infrastructure LLC generates a 0.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100.
WaterBridge Infrastructure LLC scores 0.47, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.2B) relative to total liabilities ($3.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
WaterBridge Infrastructure LLC passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, WaterBridge Infrastructure LLC generates $17743.89 in operating cash flow ($159.7M OCF vs $9K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
WaterBridge Infrastructure LLC earns $1.1 in operating income for every $1 of interest expense ($78.9M vs $68.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
WaterBridge Infrastructure LLC generated $525.6M in revenue in fiscal year 2025. This represents an increase of 66.2% from the prior year.
WaterBridge Infrastructure LLC's EBITDA was $219.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 63.1% from the prior year.
WaterBridge Infrastructure LLC reported $9K in net income in fiscal year 2025. This represents a decrease of 99.7% from the prior year.
Cash & Balance Sheet
WaterBridge Infrastructure LLC generated -$118.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 38.1% from the prior year.
WaterBridge Infrastructure LLC held $51.5M in cash against $1.4B in long-term debt as of fiscal year 2025.
Margins & Returns
WaterBridge Infrastructure LLC's gross margin was 27.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.
WaterBridge Infrastructure LLC's operating margin was 15.0% in fiscal year 2025, reflecting core business profitability. This is down 2.8 percentage points from the prior year.
WaterBridge Infrastructure LLC's net profit margin was 0.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.
WaterBridge Infrastructure LLC's ROE was 0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
WaterBridge Infrastructure LLC invested $278.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 74.2% from the prior year.
WBI Income Statement
| Metric | Q4'25 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| Revenue | N/A | $123.3M | N/A | $89.8M |
| Cost of Revenue | N/A | $88.3M | N/A | $62.9M |
| Gross Profit | N/A | $35.0M | N/A | $26.9M |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | $23.7M | N/A | $18.8M |
| Interest Expense | N/A | -$19.3M | N/A | -$15.7M |
| Income Tax | N/A | -$366K | N/A | $114K |
| Net Income | -$4.5M-580.2% | -$667K | N/A | $3.3M |
| EPS (Diluted) | $-0.10-400.0% | $-0.02 | N/A | N/A |
WBI Balance Sheet
| Metric | Q4'25 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| Total Assets | $3.7B-6.1% | $3.9B+191.7% | $1.4B | N/A |
| Current Assets | $261.1M-53.0% | $555.1M+361.3% | $120.3M | N/A |
| Cash & Equivalents | $51.5M-85.1% | $346.6M+2509.5% | $13.3M-5.6% | $14.1M |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A |
| Goodwill | $53.1M+1.9% | $52.1M+473.3% | $9.1M | N/A |
| Total Liabilities | $3.1B-7.0% | $3.3B+146.7% | $1.4B | N/A |
| Current Liabilities | $188.9M+14.5% | $165.0M+97.7% | $83.5M | N/A |
| Long-Term Debt | $1.4B-14.9% | $1.7B+186.9% | $586.4M | N/A |
| Total Equity | $602.3M-0.9% | $607.7M | $0 | N/A |
| Retained Earnings | -$4.5M-580.2% | -$667K | $0 | N/A |
WBI Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| Operating Cash Flow | $88.2M | N/A | $9.2M | N/A |
| Capital Expenditures | $89.2M | N/A | $31.9M | N/A |
| Free Cash Flow | -$1.0M | N/A | -$22.6M | N/A |
| Investing Cash Flow | -$89.1M | N/A | -$32.3M | N/A |
| Financing Cash Flow | -$294.2M | N/A | $22.2M | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
WBI Financial Ratios
| Metric | Q4'25 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| Gross Margin | N/A | 28.4% | N/A | 30.0% |
| Operating Margin | N/A | 19.2% | N/A | 21.0% |
| Net Margin | N/A | -0.5% | N/A | 3.7% |
| Return on Equity | -0.8%-0.6pp | -0.1% | N/A | N/A |
| Return on Assets | -0.1%-0.1pp | -0.0% | N/A | N/A |
| Current Ratio | 1.38-2.0 | 3.36+1.9 | 1.44 | N/A |
| Debt-to-Equity | 2.38-0.4 | 2.77 | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is WaterBridge Infrastructure LLC's annual revenue?
WaterBridge Infrastructure LLC (WBI) reported $525.6M in total revenue for fiscal year 2025. This represents a 66.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is WaterBridge Infrastructure LLC's revenue growing?
WaterBridge Infrastructure LLC (WBI) revenue grew by 66.2% year-over-year, from $316.3M to $525.6M in fiscal year 2025.
Is WaterBridge Infrastructure LLC profitable?
Yes, WaterBridge Infrastructure LLC (WBI) reported a net income of $9K in fiscal year 2025, with a net profit margin of 0.0%.
What is WaterBridge Infrastructure LLC's EBITDA?
WaterBridge Infrastructure LLC (WBI) had EBITDA of $219.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does WaterBridge Infrastructure LLC have?
As of fiscal year 2025, WaterBridge Infrastructure LLC (WBI) had $51.5M in cash and equivalents against $1.4B in long-term debt.
What is WaterBridge Infrastructure LLC's gross margin?
WaterBridge Infrastructure LLC (WBI) had a gross margin of 27.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is WaterBridge Infrastructure LLC's operating margin?
WaterBridge Infrastructure LLC (WBI) had an operating margin of 15.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is WaterBridge Infrastructure LLC's net profit margin?
WaterBridge Infrastructure LLC (WBI) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is WaterBridge Infrastructure LLC's return on equity (ROE)?
WaterBridge Infrastructure LLC (WBI) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is WaterBridge Infrastructure LLC's free cash flow?
WaterBridge Infrastructure LLC (WBI) generated -$118.9M in free cash flow during fiscal year 2025. This represents a -38.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is WaterBridge Infrastructure LLC's operating cash flow?
WaterBridge Infrastructure LLC (WBI) generated $159.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are WaterBridge Infrastructure LLC's total assets?
WaterBridge Infrastructure LLC (WBI) had $3.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are WaterBridge Infrastructure LLC's capital expenditures?
WaterBridge Infrastructure LLC (WBI) invested $278.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is WaterBridge Infrastructure LLC's current ratio?
WaterBridge Infrastructure LLC (WBI) had a current ratio of 1.38 as of fiscal year 2025, which is considered adequate.
What is WaterBridge Infrastructure LLC's debt-to-equity ratio?
WaterBridge Infrastructure LLC (WBI) had a debt-to-equity ratio of 2.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is WaterBridge Infrastructure LLC's return on assets (ROA)?
WaterBridge Infrastructure LLC (WBI) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is WaterBridge Infrastructure LLC's Altman Z-Score?
WaterBridge Infrastructure LLC (WBI) has an Altman Z-Score of 0.47, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is WaterBridge Infrastructure LLC's Piotroski F-Score?
WaterBridge Infrastructure LLC (WBI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are WaterBridge Infrastructure LLC's earnings high quality?
WaterBridge Infrastructure LLC (WBI) has an earnings quality ratio of 17743.89x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can WaterBridge Infrastructure LLC cover its interest payments?
WaterBridge Infrastructure LLC (WBI) has an interest coverage ratio of 1.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is WaterBridge Infrastructure LLC?
WaterBridge Infrastructure LLC (WBI) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.