Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Select Water Solutions reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Returning more cash than it generates. Paid out $165M vs $131M of free cash flow over the 3 fiscal years to 2025.
Select Water Solutions returned $165M to shareholders over three years, 126% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Stock pay is large next to buybacks. Stock-based pay expense $64M vs $77M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Select Water Solutions recorded $64M of stock-based pay expense and spent $77M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Select Water Solutions recorded $64M of stock-based pay expense and spent $77M repurchasing shares.
Borrowing rising faster than profit. Since 2022: debt +1900%, operating profit −26%.
Select Water Solutions's debt grew 1900% since 2022 while operating profit changed −26%.
StockQuotient Score
30/ 100▲ 1 since Oct 27 closeOct 5 29 → Nov 4 30 (+1)Fundamentals: Yahoo Finance, not primary filings
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 19 → 21
Share price -5.9%+2
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Yahoo Finance · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.26Sector median: 0.0618 · MAD: 0.0491
Why it changed since the Oct 27, 2026 close: Score 19 → 20
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Safety percentile 45 → 46
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Select Water Solutions
Is Select Water Solutions getting weaker?
Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is 30/100, up 1 since Oct 28, 2026.
How is Select Water Solutions valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 21/100 against 404 energy peers.Free cash flow yield -3.1% vs a peer median of 6.2% (weaker than 100% of peers).Free cash flow yield -3.1% vs peers 6.2% (weaker than 100% of peers).
Is Select Water Solutions growing?
More slowly than most of its peers. Growth scores 32/100 against 404 energy peers.Earnings per share growth -30.0% vs a peer median of 1.1% (weaker than 68% of peers).Earnings per share growth -30.0% vs peers 1.1% (weaker than 68% of peers).
How profitable is Select Water Solutions?
Less profitable than most of its peers. Profitability scores 20/100 against 404 energy peers.Operating margin 3.5% vs a peer median of 11.7% (weaker than 78% of peers).Operating margin 3.5% vs peers 11.7% (weaker than 78% of peers).
How risky is Select Water Solutions?
Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Debt / equity 0.26× vs a peer median of 0.47× (stronger than 72% of peers).Debt / equity 0.26× vs peers 0.47× (stronger than 72% of peers).Beta 1.00 vs a peer median of 0.57 (weaker than 85% of peers).Beta 1.00 vs peers 0.57 (weaker than 85% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
1.4B USD
1.4B USD
+2.3%
Net income (12 months)
21.6M USD
32.0M USD
+48.1%
Operating margin
2.2%
3.5%
+1.3 pts
Free cash flow (12 months)
−94.5M USD
−82.0M USD
−13.3%
Debt
246.5M USD
262.9M USD
+6.7%
Cash
56.0M USD
33.4M USD
−40.3%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Oil & Gas Equipment & Services companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
2.7%
11.6%
14.6%
15.1%
14.4%
▼ 0.7 pts
Operating margin
-8.6%
2.8%
3.9%
3.8%
2.0%
▼ 1.7 pts
Net margin
-5.5%
3.5%
4.7%
2.1%
1.5%
▼ 0.6 pts
Return on assets (ROA)
-4.4%
3.9%
6.1%
2.2%
1.3%
▼ 0.9 pts
Return on equity (ROE)
-7.1%
6.3%
9.6%
3.9%
2.6%
▼ 1.2 pts
Free cash flow margin
-7.4%
-2.8%
9.4%
4.3%
-5.7%
▼ 9.9 pts
Current ratio
2.44×
2.24×
2.15×
1.65×
1.57×
▼ 4.9%
Quick ratio
2.16×
2.06×
1.96×
1.49×
1.42×
▼ 4.6%
Debt to equity
—
0.02×
0.00×
0.11×
0.40×
▲ 271%
Interest coverage
-38.31×
14.50×
13.93×
7.82×
1.24×
▼ 84%
WTTR price history
Price history is added with the daily price update and will appear after the next one.