Select Water Solutions, Inc. income statement
In fiscal 2025, Select Water Solutions, Inc. reported revenue of $1.41bn, down 3.1% on the year before, operating income of $28.8m (a 2.0% margin) and net income of $21.2m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 536 | 302 | 692 | 1,529 | 1,292 | 605 | 765 | 1,387 | 1,585 | 1,452 | 1,407 | 1,431 |
| Cost of revenue | 523 | 347 | 635 | 1,330 | 1,143 | 634 | 744 | 1,227 | 1,354 | 1,233 | 1,205 | 1,200 |
| Gross profit | 12 | −44 | 58 | 198 | 149 | −29 | 21 | 161 | 232 | 219 | 202 | 231 |
| Selling, general and administrative | 57 | 35 | 82 | 103 | 112 | 74 | 83 | 119 | 156 | 160 | 161 | 167 |
| Operating income | −69 | −299 | −30 | 62 | 23 | −395 | −66 | 39 | 61 | 54 | 29 | 50 |
| Interest expense | 14 | 16 | 7 | 5 | 3 | 2 | 2 | 3 | 4 | 7 | 23 | 24 |
| Net interest income | — | — | −7 | — | — | — | — | — | — | — | — | — |
| Income before tax | −82 | −314 | −36 | 56 | 6 | −403 | −50 | 57 | 19 | 49 | 20 | 33 |
| Income tax | 0 | −1 | −1 | 2 | 2 | −1 | 0 | 1 | −60 | 14 | −2 | −0 |
| Net income | −82 | −1 | −17 | 37 | 3 | −339 | −42 | 48 | 74 | 31 | 21 | 32 |
| EBITDA | 39 | −202 | 73 | 195 | 144 | −293 | 27 | 155 | 63 | 58 | 34 | 68 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 371 | 349 | 374 | 364 | 322 | 347 | 366 | 396 |
| Cost of revenue | 309 | 305 | 319 | 306 | 279 | 301 | 301 | 319 |
| Gross profit | 62 | 44 | 56 | 58 | 44 | 45 | 65 | 77 |
| Selling, general and administrative | 37 | 40 | 37 | 39 | 42 | 43 | 41 | 41 |
| Operating income | 25 | 3 | 16 | 15 | −2 | −0 | 18 | 34 |
| Interest expense | 2 | 2 | 5 | 6 | 6 | 7 | 6 | 5 |
| Income before tax | 24 | 0 | 12 | 16 | 8 | −16 | 12 | 29 |
| Income tax | 6 | 2 | 3 | 5 | 0 | −9 | 2 | 6 |
| Net income | 16 | −2 | 8 | 11 | 3 | −0 | 9 | 21 |
| EBITDA | 64 | −110 | 55 | 58 | 43 | −123 | 65 | 83 |
Compare with peers
- Kodiak Gas Services, Inc. income statement
- Archrock, Inc. income statement
- Tidewater Inc income statement
- Cactus, Inc. income statement
- Bristow Group Inc. income statement
Head to head: KGS vs WTTRAROC vs WTTRTDW vs WTTRWHD vs WTTR
More: Oil & Gas Equipment & Services stocks compared, Energy sector, rankings of US companies