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Select Water Solutions, Inc. (WTTR) stock

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NYSE: WTTR NYSE Oil & Gas Equipment & Services Next results ~November 3, 2026

C Fundamentals grade

Select Water Solutions, Inc. is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$5.9

Valuation models combined (3)

Base case. Range ~$4.9–$7.5. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, residual income), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 25 sales by directors and officers, last 12 monthsInsider trades
  • Funds125 adding, 119 cuttingOf 50 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Select Water Solutions files

Where Select Water Solutions stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.43bn, down 2.0% on a year earlier, a smaller fall than the 4.2% decline a quarter earlier. Free-cash-flow margin fell to -5.7% from -1.6% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 4 of our 6 financial-health checks.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Select Water Solutions, Inc.'s trailing-twelve-month revenue fell 2.0% year on year, with a free-cash-flow margin of -5.7%. Where it lags: stock pay as % of revenue of 1.9% ranks 29 of 32 oil & gas equipment & services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 253.8% while net income fell 3.2%: a 251pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

Nothing in Select Water Solutions, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 2.0% over the last 12 months.
  • Burning cash. Free cash flow was -5.7% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 48% and a beta of 0.7 against the S&P 500.
  • Insiders selling. 7 insiders sold $166M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was -256% of net income over the last 12 months.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 1.9% ranks 29 of 32 oil & gas equipment & services companies we cover (median 1.1%).

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.24 against an average estimate of $0.12: beat by 101.2%
Revenue
$396m, up 8.7% on a year earlier
Share reaction
-2.5% in the first session after the results on October 13, 2026, against -1.1% for the S&P 500
Next report
November 3, 2026; average EPS estimate $0.16

Select Water Solutions' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-7.5%
  • 1 week-2.6%
  • 1 month-8.5%
  • This year+75.9%
  • 1 year+61.1%
  • 5 years+210.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.4B
Operating margin
3.5%
Net margin
2.2%

Growth

Revenue growth
−2.0%
Change in growth rate
+2.2 pts

Cash

Free cash flow (TTM)
-$82M
FCF margin
-5.7%
Stock pay % of revenue
1.9%

Earnings

Last results
October 13, 2026
Next results (est.)
January 13, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Deal
  2. Dividend
  3. Agreement
  4. Announcement
  5. Financing
  6. Financing
  7. Results
  8. Deal
  9. Announcement
  10. Announcement
  11. Announcement
  12. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Our value per share comes from a discounted-cash-flow model of Select Water Solutions, Inc.'s free cash flow after stock-based pay ( $4.6M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Select Water Solutions, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.08 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$5.5 ~$3.4–$7.0 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$7.5 ~$7.0–$9.4 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$4.9 ~$3.4–$6.9 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$3.0 ~$2.6–$3.5 Left out: out of range vs price (0.16x)
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$5.9 ~$4.9–$7.5 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Select Water Solutions, Inc. with Oil & Gas Equipment & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

9 /100

Weak moat

How hard Select Water Solutions's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -5.7% of total assets over 6 years.

  • Pricing power 3 / 20

    Gross margin has been a median 12.3%, moving by 6.9 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 1.3%; its worst year was -34.2%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 4 of 10 years, at a median -2.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $396m and EPS of $0.16 (range $0.15 to $0.17) for the quarter.

Analysts' consensus

Select Water Solutions, Inc.: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $0.51 +13% $1.5bn +9%
Next $0.55 +8% $1.7bn +11%

Next year's EPS estimate has moved −15.4% in 90 days, across 4 analysts.

Earnings against estimates

Select Water Solutions, Inc.: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Jun 2026 $0.12 $0.24 +101.2%
Mar 2026 $0.06 $0.17 +172.0%
Dec 2025 $0.02 $0.02 +14.5%
Sept 2025 $0.05 $0.04 −22.9%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Select Water Solutions, Inc.'s revenue by +8.4% next year and +4.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+12.6%, weight 60%) and the company's own record (+2.0%, weight 40%) . How the weights are set.

Analyst recommendations

7 analysts, Oct 2026
Buy7100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026347
  2. Sep 2026347
  3. Aug 2026347
  4. Jul 2026156

Counts of recommendations published by analysts covering Select Water Solutions, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.8%
of tradable shares
Days to cover
4.63
at average volume
Short interest, 1 month
+61%
to September 30, 2026
Held by institutions
96%
of shares
Held by insiders
5.5%
of shares
Employees
3,300
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Select Water Solutions, Inc.: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
WTTR+52%+49%−16%+79%−18%+76%
Industry peers (median)−1%+38%−6%−9%+3%+18%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WTTR50%58%42%58%42%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WTTR−39%−38%−40%−17%−49%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since June 26, 2017: 90% from January 22, 2018 to March 18, 2020. Getting back needed a 852% gain, reached on May 19, 2026, 2253 days after the low.

Price behaviour

52-week range
$9.28 – $22.18
From 52-week high
−17.7%
vs 50-day average
−6.8%
vs 200-day average
+5.3%
Volatility (1 year)
48%
Beta vs S&P 500
0.67

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±10.2%
After a week
6 up, 6 down
typical move ±9.6%
After a month
8 up, 3 down
typical move ±13.4%
Select Water Solutions, Inc.: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 13, 2026 −2.5% −1.1% −2.9% —
August 4, 2026 +21.1% +1.6% +15.2% +7.9%
May 5, 2026 +5.1% +2.2% +8.7% +15.7%
February 17, 2026 +12.4% +0.7% +6.5% +13.1%
November 10, 2025 +1.4% +1.8% −11.1% +6.2%
August 6, 2025 −7.2% +0.7% −8.8% −8.2%
May 6, 2025 −11.8% −0.4% +4.7% +4.0%
February 18, 2025 −3.5% +0.5% −6.9% −22.8%
November 5, 2024 +33.0% +3.7% +32.2% +39.0%
July 31, 2024 +4.1% +0.2% −5.9% −1.7%
April 30, 2024 −4.1% −1.9% −2.5% +12.9%
February 20, 2024 +16.0% −0.5% +10.3% +16.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Select Water Solutions, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Select Water Solutions, Inc.
$1.4B $1.4B $1.5B $1.5B $1.6B $1.6B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.6B Revenue (TTM), FY23 Q4: $1.6B Revenue (TTM), FY24 Q1: $1.5B Revenue (TTM), FY24 Q2: $1.5B Revenue (TTM), FY24 Q3: $1.5B Revenue (TTM), FY24 Q4: $1.5B Revenue (TTM), FY25 Q1: $1.5B Revenue (TTM), FY25 Q2: $1.5B Revenue (TTM), FY25 Q3: $1.4B Revenue (TTM), FY25 Q4: $1.4B Revenue (TTM), FY26 Q1: $1.4B Revenue (TTM), FY26 Q2: $1.4B $1.4B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.6B
FY23 Q4 $1.6B
FY24 Q1 $1.5B
FY24 Q2 $1.5B
FY24 Q3 $1.5B
FY24 Q4 $1.5B
FY25 Q1 $1.5B
FY25 Q2 $1.5B
FY25 Q3 $1.4B
FY25 Q4 $1.4B
FY26 Q1 $1.4B
FY26 Q2 $1.4B
Revenue growth, TTM YoY Select Water Solutions, Inc.
-10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 26.3% Revenue growth, TTM YoY, FY23 Q4: 14.3% Revenue growth, TTM YoY, FY24 Q1: 1.7% Revenue growth, TTM YoY, FY24 Q2: -5.2% Revenue growth, TTM YoY, FY24 Q3: -7.2% Revenue growth, TTM YoY, FY24 Q4: -8.4% Revenue growth, TTM YoY, FY25 Q1: -4.9% Revenue growth, TTM YoY, FY25 Q2: -2.5% Revenue growth, TTM YoY, FY25 Q3: -4.6% Revenue growth, TTM YoY, FY25 Q4: -3.1% Revenue growth, TTM YoY, FY26 Q1: -4.2% Revenue growth, TTM YoY, FY26 Q2: -2.0% -2.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 26.3%
FY23 Q4 14.3%
FY24 Q1 1.7%
FY24 Q2 -5.2%
FY24 Q3 -7.2%
FY24 Q4 -8.4%
FY25 Q1 -4.9%
FY25 Q2 -2.5%
FY25 Q3 -4.6%
FY25 Q4 -3.1%
FY26 Q1 -4.2%
FY26 Q2 -2.0%
Operating margin (TTM) Select Water Solutions, Inc.
2% 3% 4% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 3.8% Operating margin (TTM), FY23 Q4: 3.9% Operating margin (TTM), FY24 Q1: 3.7% Operating margin (TTM), FY24 Q2: 3.4% Operating margin (TTM), FY24 Q3: 4.0% Operating margin (TTM), FY24 Q4: 3.8% Operating margin (TTM), FY25 Q1: 4.3% Operating margin (TTM), FY25 Q2: 4.0% Operating margin (TTM), FY25 Q3: 2.3% Operating margin (TTM), FY25 Q4: 2.0% Operating margin (TTM), FY26 Q1: 2.2% Operating margin (TTM), FY26 Q2: 3.5% 3.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 3.8%
FY23 Q4 3.9%
FY24 Q1 3.7%
FY24 Q2 3.4%
FY24 Q3 4.0%
FY24 Q4 3.8%
FY25 Q1 4.3%
FY25 Q2 4.0%
FY25 Q3 2.3%
FY25 Q4 2.0%
FY26 Q1 2.2%
FY26 Q2 3.5%
FCF margin (TTM) Select Water Solutions, Inc.
-10% -5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 6.7% FCF margin (TTM), FY23 Q4: 9.0% FCF margin (TTM), FY24 Q1: 12.2% FCF margin (TTM), FY24 Q2: 10.4% FCF margin (TTM), FY24 Q3: 6.5% FCF margin (TTM), FY24 Q4: 4.1% FCF margin (TTM), FY25 Q1: 0.5% FCF margin (TTM), FY25 Q2: -1.6% FCF margin (TTM), FY25 Q3: -4.3% FCF margin (TTM), FY25 Q4: -5.7% FCF margin (TTM), FY26 Q1: -6.8% FCF margin (TTM), FY26 Q2: -5.7% -5.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 6.7%
FY23 Q4 9.0%
FY24 Q1 12.2%
FY24 Q2 10.4%
FY24 Q3 6.5%
FY24 Q4 4.1%
FY25 Q1 0.5%
FY25 Q2 -1.6%
FY25 Q3 -4.3%
FY25 Q4 -5.7%
FY26 Q1 -6.8%
FY26 Q2 -5.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Select Water Solutions took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.4B
  2. Cost of revenue $1.2B · 85.6%
  3. Gross profit $202M · 14.4%
  4. Selling, general and admin $161M · 11.5%
  5. Other operating costs $12.3M · 0.9%
  6. Operating income $28.8M · 2.0%
  7. Interest and other $7.6M · 0.5%
  8. Net income $21.2M · 1.5%
Where Select Water Solutions's revenue went, FY2025
Revenue $1.4B
Cost of revenue $1.2B 85.6% of revenue
Gross profit $202M 14.4% of revenue
Selling, general and admin $161M 11.5% of revenue
Other operating costs $12.3M 0.9% of revenue
Operating income $28.8M 2.0% of revenue
Interest and other $7.6M 0.5% of revenue
Net income $21.2M 1.5% of revenue

Shares of revenue. Source: Select Water Solutions's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Select Water Solutions, Inc.: annual financial statements
Fiscal year 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 536 302 692 1,529 1,292 605 765 1,387 1,585 1,452 1,407 1,431
Gross profit 12 −44 58 198 149 −29 21 161 232 219 202 231
EBITDA 39 −202 73 195 144 −293 27 155 63 58 34 68
Operating income −69 −299 −30 62 23 −395 −66 39 61 54 29 50
Net income −82 −1 −17 37 3 −339 −42 48 74 31 21 32
Growth (year on year)
Revenue — −43.5% +129.0% +120.8% −15.5% −53.2% +26.4% +81.5% +14.3% −8.4% −3.1% −2.0%
EBITDA — −618.4% — +166.0% −26.4% −303.9% — +475.4% −59.0% −8.8% −41.1% +0.7%
Operating income — — — — −62.6% — — — +56.2% −10.9% −47.1% −13.7%
Net income — — — — −92.4% — — — +54.1% −58.8% −30.7% −3.2%
Margins
Gross margin 2.3% −14.6% 8.3% 13.0% 11.5% −4.8% 2.7% 11.6% 14.6% 15.1% 14.4% 16.1%
EBITDA margin 7.3% −66.8% 10.6% 12.8% 11.1% −48.4% 3.5% 11.2% 4.0% 4.0% 2.4% 4.8%
Operating margin −12.8% −98.9% −4.3% 4.0% 1.8% −65.2% −8.6% 2.8% 3.9% 3.8% 2.0% 3.5%
Net margin −15.3% −0.3% −2.4% 2.4% 0.2% −56.0% −5.5% 3.5% 4.7% 2.1% 1.5% 2.2%
Free-cash-flow margin 18.3% −10.3% −14.7% 4.4% 7.3% 14.0% −7.4% −2.8% 9.4% 4.3% −5.7% −5.7%
Cash flow
Cash from operations 152 5 −3 232 204 106 −16 33 285 235 215 234
Capital spending 54 36 99 165 110 21 40 72 136 173 295 316
Free cash flow 98 −31 −102 67 94 85 −56 −39 149 62 −80 −82
Stock-based pay 1 0 8 10 15 6 9 16 17 26 20 27
Free cash flow after stock pay 97 −31 −109 57 78 79 −66 −54 132 35 −100 −109
Balance sheet
Cash 40 40 3 17 79 169 86 7 57 20 18 33
Total debt 0 0 77 46 — 0 0 16 0 85 320 263
Net debt (negative = net cash) −40 −40 74 29 −79 −169 −86 9 −57 65 302 230
Returned to shareholders
Dividends — — — — — — — 6 25 30 34 35
Buybacks — — 0 17 19 11 1 20 62 8 7 9
Total returned — — 0 17 19 11 1 26 87 38 41 44

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · June 30, 2026
What it owns · $1.8bn
Short-term assets $436mLonger-term assets $1.4bn
What it owes, and who funded it · $1.7bn
Short-term liabilities $276mLonger-term liabilities $374mShareholders' equity $1.0bn
  • Short-term assets cover short-term liabilities $436m of assets due within a year against $276m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $436m short-term assets against $374m of longer-dated liabilities.
  • More cash than debt $33m of cash against $260m of debt.
  • Debt below 40% of shareholders' equity Debt is 25% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $234m of operating cash flow against $260m of debt.
  • Operating profit covers interest at least five times over Operating income of $50m against $24m of interest.

From Select Water Solutions, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$8.9M
Dividends (TTM)
$35.1M
Returned to shareholders
-54%
of free cash flow
Buybacks, last 3 fiscal years
$77M
Total shareholder yield
1.9%
dividends 1.5% + buybacks 0.4% of market value
Dividend payout ratio
110%
of net income paid out
Sales & admin spending
11.7%
of revenue

Competitors: side by side with peers

Closest by revenue in oil & gas equipment & services
Growth, margins and cash generation against peers
Last 12 months unless stated WTTR KGS AROC TDW WHD VTOL Median
Revenue, last 12 months $1.4bn $1.4bn $1.5bn $1.3bn $1.5bn $1.6bn $1.2bn
Revenue growth, last 12 months −2.0% 8.2% 11.5% −1.0% 40.4% 8.2% 3.7%
Revenue growth, 3-year average −3.2% 22.6% 18.2% 19.6% 14.9% 8.0% 2.0%
Revenue growth, latest quarter 8.7% 21.1% −3.1% 0.3% 63.2% 9.4% 7.3%
Gross margin 16.1% 37.9% 48.9% −1.9% 33.5% — 21.1%
Operating margin 3.5% 27.4% — 18.4% 18.8% 10.0% 7.3%
Operating margin, 3-year average 3.6% 25.6% — 21.0% 23.0% 6.5% 7.2%
Net margin 2.2% 5.8% 21.8% 18.3% 12.0% 6.7% 2.6%
Cash from operations / revenue 16.4% 34.4% 48.2% 23.1% 21.1% 8.5% 11.7%
Free-cash-flow margin −5.7% 0.4% 19.4% 20.1% 13.5% −2.2% 2.0%
Free-cash-flow margin, 3-year average 1.0% 4.0% 10.0% 18.4% 18.6% −3.0% 4.0%
Stock pay / revenue 1.9% 1.9% 1.6% 1.0% 1.8% 1.1% 1.1%
Change in share count — 1.5% 1.3% −3.7% — 0.7% 1.0%

Median of all 35 companies we cover in oil & gas equipment & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 oil & gas equipment & services companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth -2.0% 3.7% 27 of 35
Change in growth rate Growth +2.2pp +1.5pp 14 of 34
Gross margin Profitability 16.1% 21.5% 19 of 21
Operating margin Profitability 3.5% 7.2% 22 of 32
Net margin Profitability 2.2% 2.6% 22 of 35
Free-cash-flow margin Cash generation -5.7% 2.0% 26 of 35
Stock pay as % of revenue Cash generation 1.9% 1.1% 29 of 32
Long-term debt as % of assets Balance sheet 11.0% 22.6% 9 of 32

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Water Services $787M ▼ 12.8%
Water Transfer and Monitoring $396M ▼ 10.0%
Water Infrastructure $313M ▲ 7.7%
Chemical Product Sales Revenue $309M ▲ 18.6%
Chemicaltechnologies $308M ▲ 18.5%
Fluid Hauling $180M ▼ 25.6%
Water Recycling and Reuse $149M ▲ 15.7%
Fluids Disposal $122M ▲ 8.8%
Accommodations and Rentals Revenue $86.8M ▲ 10.2%
Well Testing and Flowback $71.2M ▼ 16.0%
Water Containment $61.4M ▼ 2.6%
Solids Management $32.4M ▲ 28.7%
Pipelines and Logistics $11.6M ▼ 57.8%
Eliminations and Other Servicing Lines -$13M —

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Permian Basin $724M 51.5% ▲ 3.2%
Rockies $165M 11.7% ▼ 21.4%
Marcellus Utica $157M 11.2% ▲ 11.3%
Eagle Ford $135M 9.6% ▼ 12.6%
Midcon $91.4M 6.5% ▲ 7.1%
Bakken $86.7M 6.2% ▼ 4.9%
Haynesville E.Texas $60.3M 4.3% ▼ 23.7%
Eliminations and Other Geographical Regions -$12.8M -0.9% —

From Select Water Solutions, Inc.'s 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$2.4B
Institutions reporting
262
Shares held vs prior quarter
▲ 3.9%
Positions opened / closed
37 / 28

Top buyers and sellers, Q2 2026: 125 institutions bought and 119 sold ; the biggest buyer was FMR LLC (+2.6M shares) and the biggest seller Encompass Capital Advisors LLC (−3.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $234M 11.7M 9.7% ▲ 21.7%
Franklin Resources Inc $224M 11.2M 9.3% ▲ 3.1%
Dimensional Fund Advisors LP $130M 6.5M 5.4% ▼ 0.5%
Vanguard Capital Management LLC $104M 5.2M 4.3% ▲ 5.3%
American Century Companies Inc $83.2M 4.2M 3.4% ▲ 3.9%
Wellington Management Group LLP $77M 3.9M 3.2% ▼ 3.2%
State Street Corp $76.2M 3.8M 3.2% ▲ 14.4%
Deprince Race & Zollo Inc $68.9M 3.4M 2.8% ▼ 2.0%
Geode Capital Management, LLC $65.2M 3.3M 2.7% ▲ 30.1%
Merewether Investment Management, LP $59.1M 3.0M 2.4% ▲ 2.3%
FMR LLC $54.4M 2.7M 2.2% ▲ 3608.0%
Crestview Partners Ii Gp, L.P. $52.3M 2.6M 2.2% ▼ 32.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Select Water Solutions, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Crestview Partners Ii Ses Investment, Llc 10% owner May 19, 2026 Sell 2,632,760 $18.92 $49.8M
Crestview Partners Ii Ses Investment, Llc 10% owner May 19, 2026 Sell 617,240 $18.92 $11.7M
Burnett Richard Alan Director May 15, 2026 Sell 45,316 $18.74 $849,222
Burnett Richard Alan Director May 14, 2026 Sell 19,684 $18.73 $368,681
Skarke Michael EVP & COO May 12, 2026 Sell 20,000 $17.78 $355,600
Szymanski Brian Chief Accounting Officer May 11, 2026 Sell 20,000 $17.04 $340,800
Skarke Michael EVP & COO May 11, 2026 Sell 90,000 $17.31 $1.6M
Fielder Robin H Director May 8, 2026 Sell 27,010 $16.80 $453,768
Crestview Partners Ii Ses Investment B, Llc Director April 8, 2026 Sell 665,983 $15.12 $10.1M
Crestview Partners Ii Ses Investment B, Llc Director April 8, 2026 Sell 2,430,240 $15.12 $36.7M
Crestview Partners Ii Ses Investment B, Llc 10% owner April 8, 2026 Sell 665,983 $15.12 $10.1M
Crestview Partners Ii Ses Investment B, Llc 10% owner April 8, 2026 Sell 2,430,240 $15.12 $36.7M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 13, 2027 estimated from the company's past filing pattern, not announced

  • October 13, 2026
  • August 4, 2026
  • May 5, 2026
  • February 17, 2026
  • November 10, 2025
  • August 6, 2025

Recent SEC filings

Data status

When each part of this page on Select Water Solutions, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Select Water Solutions, Inc. in brief

What does Select Water Solutions, Inc. do?
Select Water Solutions, Inc. is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.
What is Select Water Solutions, Inc.'s stock ticker?
Select Water Solutions, Inc. trades under the ticker WTTR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Select Water Solutions, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Select Water Solutions, Inc. reported revenue of $1.4B, 2.0% lower than a year earlier, according to its SEC filings.
What is Select Water Solutions, Inc.'s free cash flow?
Select Water Solutions, Inc.'s free-cash-flow margin is -5.7% of revenue over the trailing twelve months, ranking 26 of the 35 oil & gas equipment & services companies we cover.
Who are Select Water Solutions, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Franklin Resources Inc and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Select Water Solutions, Inc. pay a dividend?
Yes: Select Water Solutions, Inc. paid $35.1M in dividends over the trailing twelve months, a dividend yield of 1.49% and a payout ratio of 109.8%.
How much debt does Select Water Solutions, Inc. have?
Select Water Solutions, Inc.'s debt-to-equity ratio is 24.7%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Select Water Solutions, Inc.'s competitors?
In our Oil & Gas Equipment & Services peer group, the companies closest to Select Water Solutions, Inc. are Kodiak Gas Services, Inc., Archrock, Inc., Tidewater Inc, Cactus, Inc. and Bristow Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Select Water Solutions, Inc.'s.
Are insiders buying or selling Select Water Solutions, Inc. stock?
Over the last 12 months, Select Water Solutions, Inc.'s directors and officers reported 0 open-market purchases and 25 sales on Form 4. The insider trading page charts every trade.
When is Select Water Solutions, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Select Water Solutions, Inc. announces its own schedule.