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Other financials

Income statement

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Revenue$395.8M+8.7%
Gross profit$76.8M+33.1%
Operating income$34.3M+123%
Net income$21.0M+97.6%
EPS (diluted)$0.17+70.0%

Balance sheet

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Cash & equivalents$33.4M-34.8%
Total debt$292.0M-6.4%
Total equity$1.0B+31.3%
Total assets$1.8B+15.6%

Cash flow

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Operating cash flow$86.7M+5.0%
Free cash flow-$68.1M-27.4%

Valuation

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Market cap$2.87B+219%
Enterprise value$3.13B+170%
P/E88.7×+62.8×
P/S+1.4×

Profitability

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Gross margin16.1%+1.1pp
Operating margin3.5%-0.4pp
Net margin2.3%-0.1pp
FCF margin-7%-7.7pp

Returns & leverage

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Return on equity3.5%-0.9pp
Debt / equity0.3×-0.1×
Current ratio1.6×-0.4×

Where this comes from

Reported directly by Select Water Solutions in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Select Water Solutions’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:30 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-091156
Line itemSix months ended June 30, 2026Six months ended June 30, 2025
Accounts payable and accrued liabilities3,813(13,872)
Net cash provided by operating activities96,97877,525
Cash flows from investing activities
Purchase of property and equipment(149,396)(127,833)
Equity-method and preferred stock investments(500)(72,059)
Acquisitions, net of cash received(42,202)(17,205)
Proceeds received from sales of property and equipment2,3549,603
Net cash used in investing activities(189,744)(207,494)

Item 1. Financial Statements (Unaudited)

FAQ

What is Select Water Solutions's capex?
Select Water Solutions (WTTR) reported capex of $71.02M in Q2 2026.
How has Select Water Solutions's capex changed year-over-year?
Select Water Solutions's capex decreased by 10.6% year-over-year, from $79.41M to $71.02M.
What is the long-term trend for Select Water Solutions's capex?
Over 4 years (2021 to 2025), Select Water Solutions's capex has grown at a 64.7% compound annual growth rate (CAGR), from $39.99M to $294.56M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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