Select Water Solutions Financials
This page shows Select Water Solutions (WTTR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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 FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Select Water Solutions has an operating margin of 3.8%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 19/100, suggesting thin profitability after operating expenses. This is down from 3.9% the prior year.
Select Water Solutions's revenue declined 8.4% year-over-year, from $1.6B to $1.5B. This contraction results in a growth score of 5/100.
Select Water Solutions carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Select Water Solutions's current ratio of 1.65 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.
Select Water Solutions's free cash flow margin of 4.3% results in a low score of 21/100. Capital expenditures of $173.2M absorb a large share of operating cash flow.
Select Water Solutions generates a 3.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is down from 9.6% the prior year.
Select Water Solutions scores 2.91, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($1.3B) relative to total liabilities ($450.7M). This signals moderate financial risk that warrants monitoring.
Select Water Solutions passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Select Water Solutions generates $7.66 in operating cash flow ($234.9M OCF vs $30.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Select Water Solutions earns $7.8 in operating income for every $1 of interest expense ($54.5M vs $7.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Select Water Solutions generated $1.5B in revenue in fiscal year 2024. This represents a decrease of 8.4% from the prior year.
Select Water Solutions's EBITDA was $57.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 71.4% from the prior year.
Select Water Solutions generated $61.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 58.7% from the prior year.
Select Water Solutions reported $30.6M in net income in fiscal year 2024. This represents a decrease of 58.8% from the prior year.
Select Water Solutions held $20.0M in cash against $85.0M in long-term debt as of fiscal year 2024.
Select Water Solutions's gross margin was 15.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.
Select Water Solutions's operating margin was 3.8% in fiscal year 2024, reflecting core business profitability. This is down 0.1 percentage points from the prior year.
Select Water Solutions's net profit margin was 2.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.6 percentage points from the prior year.
Select Water Solutions's ROE was 3.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 5.8 percentage points from the prior year.
Select Water Solutions spent $7.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 87.2% from the prior year.
Select Water Solutions invested $173.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 27.4% from the prior year.
WTTR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $322.2M-11.5% | $364.2M-2.7% | $374.4M+7.3% | $349.0M-4.4% | $365.1M-0.4% | $366.5M-2.2% | $374.9M-3.7% | $389.3M |
| Cost of Revenue | $278.7M-9.1% | $306.5M-3.8% | $318.6M+4.5% | $304.9M0.0% | $305.0M-2.8% | $313.9M-2.0% | $320.3M-3.8% | $333.0M |
| Gross Profit | $43.6M-24.6% | $57.8M+3.6% | $55.8M+26.2% | $44.2M-26.6% | $60.2M+14.2% | $52.7M-3.4% | $54.6M-3.0% | $56.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $41.7M+7.0% | $38.9M+4.0% | $37.4M-5.8% | $39.7M+2.0% | $39.0M-11.4% | $44.0M-5.2% | $46.4M+19.0% | $39.0M |
| Operating Income | -$1.8M-111.5% | $15.4M-0.7% | $15.5M+496.6% | $2.6M-87.2% | $20.4M+190.7% | $7.0M+4.5% | $6.7M-60.0% | $16.8M |
| Interest Expense | $6.0M+5.6% | $5.6M+15.8% | $4.9M+176.9% | $1.8M-13.1% | $2.0M+59.3% | $1.3M+1135.0% | $103K-86.5% | $765K |
| Income Tax | $434K-90.4% | $4.5M+56.2% | $2.9M+25.6% | $2.3M-41.8% | $4.0M+172.7% | $1.5M+102.4% | -$61.3M-12784.1% | $483K |
| Net Income | $2.7M-74.8% | $10.6M+29.2% | $8.2M+602.4% | -$1.6M-112.7% | $12.9M+255.0% | $3.6M-86.9% | $27.6M+92.4% | $14.3M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
WTTR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B+2.7% | $1.5B+0.1% | $1.5B+13.1% | $1.4B+3.3% | $1.3B+2.5% | $1.3B+6.0% | $1.2B+3.0% | $1.2B |
| Current Assets | $380.3M-13.5% | $439.4M-4.0% | $457.9M+18.8% | $385.5M+0.3% | $384.3M-6.7% | $411.7M-9.3% | $454.1M-3.4% | $470.2M |
| Cash & Equivalents | $17.8M-65.2% | $51.2M+83.5% | $27.9M+39.6% | $20.0M+21.7% | $16.4M+28.7% | $12.8M-77.7% | $57.1M+127.9% | $25.0M |
| Inventory | $38.0M-8.9% | $41.7M+2.2% | $40.8M+6.1% | $38.4M+2.5% | $37.5M-0.4% | $37.6M-2.6% | $38.7M-13.9% | $44.9M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $45.1M+147.8% | $18.2M0.0% | $18.2M0.0% | $18.2M-50.3% | $36.7M+17.5% | $31.2M+566.3% | $4.7M0.0% | $4.7M |
| Total Liabilities | $656.5M+5.3% | $623.4M-0.8% | $628.3M+39.4% | $450.7M+7.1% | $421.0M+4.5% | $403.0M+23.6% | $326.0M+7.4% | $303.5M |
| Current Liabilities | $231.3M+5.6% | $219.1M-12.3% | $249.9M+7.1% | $233.4M+9.8% | $212.6M+0.3% | $212.0M+0.2% | $211.5M-4.1% | $220.7M |
| Long-Term Debt | $285.4M+5.4% | $270.8M+10.1% | $245.9M+189.3% | $85.0M-5.6% | $90.0M+20.0% | $75.0M | $0 | N/A |
| Total Equity | $808.1M+1.1% | $799.3M+0.8% | $793.1M-0.1% | $793.5M+1.5% | $782.0M+1.6% | $770.0M-0.3% | $772.5M+1.7% | $759.2M |
| Retained Earnings | -$184.6M+1.4% | -$187.3M+5.4% | -$197.9M+4.0% | -$206.1M+6.4% | -$220.3M+5.5% | -$233.2M+1.5% | -$236.8M+10.4% | -$264.4M |
WTTR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $71.7M-13.2% | $82.6M+1731.8% | -$5.1M-107.5% | $67.8M-18.5% | $83.1M+158.7% | $32.1M-61.4% | $83.2M-29.6% | $118.2M |
| Capital Expenditures | $95.2M+19.9% | $79.4M+64.0% | $48.4M-12.1% | $55.1M+12.5% | $49.0M+45.0% | $33.8M+0.9% | $33.5M-24.3% | $44.2M |
| Free Cash Flow | -$23.5M-840.1% | $3.2M+105.9% | -$53.5M-521.4% | $12.7M-62.8% | $34.2M+2190.7% | -$1.6M-103.3% | $49.7M-32.8% | $74.0M |
| Investing Cash Flow | -$126.2M-68.3% | -$75.0M+43.4% | -$132.5M-143.7% | -$54.4M+37.6% | -$87.2M+36.3% | -$136.9M-324.8% | -$32.2M+4.0% | -$33.6M |
| Financing Cash Flow | $21.2M+35.1% | $15.7M-89.2% | $145.5M+3452.5% | -$4.3M-155.9% | $7.8M-87.2% | $60.5M+419.4% | -$18.9M+73.0% | -$70.1M |
| Dividends Paid | $8.4M+0.9% | $8.3M-3.0% | $8.6M+4.3% | $8.2M+16.7% | $7.0M-6.1% | $7.5M+6.7% | $7.0M+20.5% | $5.8M |
| Share Buybacks | $332K+16.1% | $286K-95.5% | $6.3M+968.1% | $589K+277.6% | $156K-97.8% | $7.0M-41.0% | $11.9M+4198.9% | $276K |
WTTR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.5%-2.3pp | 15.9%+1.0pp | 14.9%+2.2pp | 12.7%-3.8pp | 16.5%+2.1pp | 14.4%-0.2pp | 14.5%+0.1pp | 14.4% |
| Operating Margin | -0.5%-4.8pp | 4.2%+0.1pp | 4.2%+3.4pp | 0.8%-4.8pp | 5.6%+3.7pp | 1.9%+0.1pp | 1.8%-2.5pp | 4.3% |
| Net Margin | 0.8%-2.1pp | 2.9%+0.7pp | 2.2%+2.7pp | -0.5%-4.0pp | 3.5%+2.5pp | 1.0%-6.4pp | 7.4%+3.7pp | 3.7% |
| Return on Equity | 0.3%-1.0pp | 1.3%+0.3pp | 1.0%-0.9pp | 2.0%+0.3pp | 1.7%+1.2pp | 0.5%-3.1pp | 3.6%+1.7pp | 1.9% |
| Return on Assets | 0.2%-0.5pp | 0.7%+0.2pp | 0.5%+0.7pp | -0.1%-1.1pp | 1.0%+0.7pp | 0.3%-2.0pp | 2.3%+1.1pp | 1.2% |
| Current Ratio | 1.64-0.4 | 2.01+0.2 | 1.83+0.2 | 1.65-0.2 | 1.81-0.1 | 1.94-0.2 | 2.15+0.0 | 2.13 |
| Debt-to-Equity | 0.35+0.0 | 0.34+0.0 | 0.31+0.2 | 0.110.0 | 0.12+0.0 | 0.10+0.1 | 0.00-0.4 | 0.40 |
| FCF Margin | -7.3%-8.2pp | 0.9%+15.2pp | -14.3%-17.9pp | 3.6%-5.7pp | 9.4%+9.8pp | -0.4%-13.7pp | 13.3%-5.7pp | 19.0% |
Similar Companies
Frequently Asked Questions
What is Select Water Solutions's annual revenue?
Select Water Solutions (WTTR) reported $1.5B in total revenue for fiscal year 2024. This represents a -8.4% 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 Select Water Solutions's revenue growing?
Select Water Solutions (WTTR) revenue declined by 8.4% year-over-year, from $1.6B to $1.5B in fiscal year 2024.
Is Select Water Solutions profitable?
Yes, Select Water Solutions (WTTR) reported a net income of $30.6M in fiscal year 2024, with a net profit margin of 2.1%.
What is Select Water Solutions's EBITDA?
Select Water Solutions (WTTR) had EBITDA of $57.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Select Water Solutions have?
As of fiscal year 2024, Select Water Solutions (WTTR) had $20.0M in cash and equivalents against $85.0M in long-term debt.
What is Select Water Solutions's gross margin?
Select Water Solutions (WTTR) had a gross margin of 15.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Select Water Solutions's operating margin?
Select Water Solutions (WTTR) had an operating margin of 3.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Select Water Solutions's net profit margin?
Select Water Solutions (WTTR) had a net profit margin of 2.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Select Water Solutions's return on equity (ROE)?
Select Water Solutions (WTTR) has a return on equity of 3.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Select Water Solutions's free cash flow?
Select Water Solutions (WTTR) generated $61.7M in free cash flow during fiscal year 2024. This represents a -58.7% 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 Select Water Solutions's operating cash flow?
Select Water Solutions (WTTR) generated $234.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Select Water Solutions's total assets?
Select Water Solutions (WTTR) had $1.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Select Water Solutions's capital expenditures?
Select Water Solutions (WTTR) invested $173.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Select Water Solutions buy back shares?
Yes, Select Water Solutions (WTTR) spent $7.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Select Water Solutions's current ratio?
Select Water Solutions (WTTR) had a current ratio of 1.65 as of fiscal year 2024, which is generally considered healthy.
What is Select Water Solutions's debt-to-equity ratio?
Select Water Solutions (WTTR) had a debt-to-equity ratio of 0.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Select Water Solutions's return on assets (ROA)?
Select Water Solutions (WTTR) had a return on assets of 2.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Select Water Solutions's Altman Z-Score?
Select Water Solutions (WTTR) has an Altman Z-Score of 2.91, placing it in the Grey Zone (moderate 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 Select Water Solutions's Piotroski F-Score?
Select Water Solutions (WTTR) 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 Select Water Solutions's earnings high quality?
Select Water Solutions (WTTR) has an earnings quality ratio of 7.66x, 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 Select Water Solutions cover its interest payments?
Select Water Solutions (WTTR) has an interest coverage ratio of 7.8x, meaning it can comfortably 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 Select Water Solutions?
Select Water Solutions (WTTR) scores 34 out of 100 on our Financial Profile, indicating weak 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.