10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 18.4% per year over the past 5 years.
Operating margin has expanded, at 2.0% in the latest year.
Financial health
Total debt ($320M) exceeds cash ($18M); net debt is $302M.
Total debt has grown faster than revenue (171.4% vs 18.4% per year).
Operating income covered interest expense 1.2× in the latest year.
Total debt is 9.4× EBITDA.
Shareholder returns
Dividends have been paid for 4 consecutive years, consuming 158.6% of earnings.
The dividend has grown 77.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.4B
$21M
14.4%
2.0%
-$80M
$320M
$18M
2024
$1.5B
$31M
15.1%
3.8%
$62M
$85M
$20M
2023
$1.6B
$74M
14.6%
3.9%
$149M
$0
$57M
2022
$1.4B
$48M
11.6%
2.8%
-$39M
$16M
$7M
2021
$765M
-$42M
2.7%
-8.6%
-$56M
—
$86M
2020
$605M
-$339M
-4.8%
-65.2%
$85M
—
$169M
2019
$1.3B
$3M
11.5%
1.8%
$94M
—
$79M
2018
$1.5B
$37M
13.0%
4.0%
$67M
$46M
$17M
2017
$692M
-$17M
8.3%
-4.3%
-$102M
$77M
$3M
2016
—
-$1M
—
—
-$31M
—
$40M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$366M
$9M
17.8%
4.9%
-$68M
$247M
$56M
Dec '25
$347M
-$346000
13.1%
-0.1%
-$6M
$320M
$18M
Sep '25
$322M
$3M
13.5%
-0.5%
-$24M
$305M
$18M
Jun '25
$364M
$11M
15.9%
4.2%
$3M
$275M
$51M
Mar '25
$374M
$8M
14.9%
4.2%
-$53M
$250M
$28M
Dec '24
$349M
-$2M
12.7%
0.7%
$13M
$85M
$20M
Sep '24
$371M
$16M
16.8%
6.6%
$17M
$80M
$11M
Jun '24
$365M
$13M
16.5%
5.6%
$34M
$90M
$16M
Mar '24
$367M
$4M
14.4%
1.9%
-$2M
$75M
$13M
Dec '23
$375M
$28M
14.6%
1.8%
$50M
$0
$57M
Sep '23
$389M
$14M
14.5%
4.3%
$83M
—
$25M
Jun '23
$405M
$20M
15.1%
6.4%
$63M
$65M
$11M
Mar '23
$417M
$12M
14.3%
2.9%
-$46M
$76M
$6M
Dec '22
$382M
$8M
10.9%
1.8%
$14M
$16M
$7M
Sep '22
$375M
$21M
15.7%
7.6%
-$14M
—
$13M
Jun '22
$336M
$13M
10.6%
2.5%
-$4M
—
$26M
Mar '22
$295M
$7M
8.4%
-1.5%
-$34M
—
$25M
Dec '21
$255M
$9M
7.0%
-3.3%
-$12M
—
$86M
Sep '21
$205M
-$12M
4.4%
-6.7%
-$19M
—
$107M
Jun '21
$161M
-$17M
-1.0%
-11.4%
-$16M
—
$144M
Valuation over time
How the market has priced WTTR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 5.8× (Mar '23) to 36.5× (Jun '26).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 0.5× (Jun '26).
The dividend yield has risen from 2.1% (Mar '23) to 4.3% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is WTTR growing its revenue and profit?
Over the past 5 years, Select Water Solutions, Inc.'s revenue has grown 18.4% per year. These are computed facts, not advice.
How much debt does WTTR have?
As of FY2025, Select Water Solutions, Inc. reported $320M of total debt against $18M of cash; operating income covered interest expense 1.2×.
What is WTTR's profit margin?
In FY2025, gross margin was 14.4%, operating margin 2.0%, and net margin 1.5%.
What is WTTR's P/E ratio?
As of Jun '26, Select Water Solutions, Inc. traded at a price-to-earnings ratio of about 36.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.