WTTRNYSEOil & Gas Field Services, NECFiscal year ends December 31
Select Water Solutions, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$18.51−0.07 (-0.38%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
14.4%+19.2 pts over 5 years
Operating margin
2.0%+67.3 pts over 5 years
Net margin
1.5%+57.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.1% | +0.5% | +18.4% | +10.1% | |
| Gross profit | -7.8% | +8.0% | – | +32.4% | |
| Operating income | -47.1% | -9.7% | – | – | |
| Net income | -30.7% | -24.0% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -44.3% | 2.7% | |
| Return on assets | – | -30.5% | 1.4% | |
| Current ratio | 2.69 | 3.96 | 1.57 | |
| Debt to equity | – | – | 0.39 | |
| Net debt to EBITDA | – | – | 8.74× | |
| Interest coverage | -18.5× | -184.8× | 1.2× | |
| Inventory turnover | – | 17.9× | 33.1× | |
| Capex to revenue | 12.0% | 3.5% | 20.9% |
Where the cash went
Fiscal 2021 to 2025, five years combined
Select Water Solutions generated $784.39M from operations and spent $908.19M on capital expenditure, dividends and share buybacks. 79% of that went back into the business.
Generated
$784.39M
Used
$908.19M
Capital expenditure$715.46M79%Dividends$94.34M10%Share buybacks$98.38M11%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.5%
×Asset turnover0.95×
×Equity multiplier1.85×
=Return on equity, FY20252.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.5% | 0.95× | 1.85× | 2.7% |
| FY2024 | 2.1% | 1.12× | 1.65× | 3.9% |
| FY2023 | 4.7% | 1.30× | 1.59× | 9.7% |
| FY2022 | 3.5% | 1.28× | 1.60× | 7.1% |
| FY2021 | -5.5% | 0.84× | 1.54× | -7.1% |
| FY2020 | -56.0% | 0.54× | 1.45× | -44.3% |
| FY2019 | 0.2% | 0.95× | 1.53× | 0.3% |
| FY2018 | 2.4% | 1.13× | 1.82× | 4.9% |
| FY2017 | -2.4% | 0.79× | 2.29× | -4.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$21.22M
- Cash generatingOperating cash flow above zero$214.67M
- Return on assets improvedROA up on the prior year2.5% → 1.6%
- Earnings backed by cashOperating cash flow above net income$214.67M vs $21.22M
- Less leverageLong-term debt to assets fell6.2% → 17.9%
- Better liquidityCurrent ratio rose1.65 → 1.57
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year15.11% → 14.38%
- More efficientAsset turnover rose1.19 → 1.03