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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
Net margin1.6%-1.0pp
FCF margin-7%-7.7pp

Returns & leverage

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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.

Based on trailing twelve months.

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 operating margin?
Select Water Solutions (WTTR) reported operating margin of 2.3% in Q1 2026.
How has Select Water Solutions's operating margin changed year-over-year?
Select Water Solutions's operating margin decreased by 47.6% year-over-year, from 4.3% to 2.3%.
What is the long-term trend for Select Water Solutions's operating margin?
Over 5 years (2020 to 2025), Select Water Solutions's operating margin has grown at a -49.8% compound annual growth rate (CAGR), from -65.2% to 2.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.