WTTR Financials Select Water Solutions, Inc.

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 Aug 9, 2026, 10:16 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$1.4B	$21M	14.4%	2.0%	2.6%	1.3%	-$80M	$320M	$18M
2024	$1.5B	$31M	15.1%	3.8%	3.9%	2.2%	$62M	$85M	$20M
2023	$1.6B	$74M	14.6%	3.9%	9.6%	6.1%	$149M	$0	$57M
2022	$1.4B	$48M	11.6%	2.8%	6.3%	3.9%	-$39M	$16M	$7M
2021	$765M	-$42M	2.7%	-8.6%	-7.1%	-4.4%	-$56M	—	$86M
2020	$605M	-$339M	-4.8%	-65.2%	-57.1%	-38.7%	$85M	—	$169M
2019	$1.3B	$3M	11.5%	1.8%	0.3%	0.2%	$94M	—	$79M
2018	$1.5B	$37M	13.0%	4.0%	4.4%	2.7%	$67M	$46M	$17M
2017	$692M	-$17M	8.3%	-4.3%	-2.6%	-1.2%	-$102M	$77M	$3M
2016	—	-$1M	—	—	-0.9%	-0.3%	-$31M	—	$40M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$396M	$21M	19.4%	8.7%	2.0%	1.2%	$16M	$263M	$33M
Mar '26	$366M	$9M	17.8%	4.9%	0.9%	0.5%	-$68M	$247M	$56M
Dec '25	$347M	-$346000	13.1%	-0.1%	-0.0%	-0.0%	-$6M	$320M	$18M
Sep '25	$322M	$3M	13.5%	-0.5%	0.3%	0.2%	-$24M	$305M	$18M
Jun '25	$364M	$11M	15.9%	4.2%	1.3%	0.7%	$3M	$275M	$51M
Mar '25	$374M	$8M	14.9%	4.2%	1.0%	0.5%	-$53M	$250M	$28M
Dec '24	$349M	-$2M	12.7%	0.7%	-0.2%	-0.1%	$13M	$85M	$20M
Sep '24	$371M	$16M	16.8%	6.6%	2.0%	1.2%	$17M	$80M	$11M
Jun '24	$365M	$13M	16.5%	5.6%	1.6%	1.0%	$34M	$90M	$16M
Mar '24	$367M	$4M	14.4%	1.9%	0.5%	0.3%	-$2M	$75M	$13M
Dec '23	$375M	$28M	14.6%	1.8%	3.6%	2.3%	$50M	$0	$57M
Sep '23	$389M	$14M	14.5%	4.3%	1.9%	1.2%	$83M	—	$25M
Jun '23	$405M	$20M	15.1%	6.4%	2.7%	1.6%	$63M	$65M	$11M
Mar '23	$417M	$12M	14.3%	2.9%	1.6%	1.0%	-$46M	$76M	$6M
Dec '22	$382M	$8M	10.9%	1.8%	1.0%	0.6%	$14M	$16M	$7M
Sep '22	$375M	$21M	15.7%	7.6%	3.2%	2.0%	-$14M	—	$13M
Jun '22	$336M	$13M	10.6%	2.5%	2.0%	1.2%	-$4M	—	$26M
Mar '22	$295M	$7M	8.4%	-1.5%	1.1%	0.7%	-$34M	—	$25M
Dec '21	$255M	$9M	7.0%	-3.3%	1.6%	1.0%	-$12M	—	$86M
Sep '21	$205M	-$12M	4.4%	-6.7%	-2.1%	-1.4%	-$19M	—	$107M

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 34.7× (Nov '26).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 0.5× (Nov '26).
The dividend yield has risen from 2.1% (Mar '23) to 4.6% (Nov '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?

Select Water Solutions, Inc.'s P/E (TTM) is 23.02 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the WTTR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 34.7× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.