What is Select Water Solutions's net debt?

Select Water Solutions (WTTR) reported net debt of $229.27M in Q1 2026.

How has Select Water Solutions's net debt changed year-over-year?

Select Water Solutions's net debt decreased by 12.6% year-over-year, from $262.25M to $229.27M.

What is the long-term trend for Select Water Solutions's net debt?

Over 5 years (2020 to 2025), Select Water Solutions's net debt has grown at a 29.2% compound annual growth rate (CAGR), from -$93.33M to $336.44M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Select Water Solutions WTTR Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$366.0M-2.3%

Gross profit$65.3M+17.1%

Operating income$18.0M+15.6%

Net income$8.6M+4.5%

EPS (diluted)$0.080.0%

Balance sheet

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Cash & equivalents$56.0M+101%

Total debt$285.2M-1.7%

Total equity$991.5M+25.0%

Total assets$1.7B+10.5%

Cash flow

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Operating cash flow$10.2M+302%

CapEx$78.4M+61.8%

Free cash flow-$68.1M-27.4%

Valuation

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Market cap$2.31B+71.4%

Enterprise value$2.54B+55.1%

P/E105.2×+68.7×

P/S1.7×+0.7×

Profitability

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Gross margin15.1%-0.1pp

Operating margin2.3%-2.1pp

Net margin1.6%-1.0pp

FCF margin-7%-7.7pp

Returns & leverage

See full

Return on equity2.5%-2.3pp

Debt / equity0.3×-0.1×

Current ratio1.9×+0.1×

Where this comes from

Calculated from Select Water Solutions’s reported figures.

$285.2Mtotal debt−$56.0Mcash and equivalents=$229.27M

The official record: Select Water Solutions’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Select Water Solutions's net debt?: Select Water Solutions (WTTR) reported net debt of $229.27M in Q1 2026.
How has Select Water Solutions's net debt changed year-over-year?: Select Water Solutions's net debt decreased by 12.6% year-over-year, from $262.25M to $229.27M.
What is the long-term trend for Select Water Solutions's net debt?: Over 5 years (2020 to 2025), Select Water Solutions's net debt has grown at a 29.2% compound annual growth rate (CAGR), from -$93.33M to $336.44M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.