Select Water Solutions (WTTR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Select Water Solutions

NYSE•Energy•Oil & Gas Equipment & Services

$20.78+0.42(0.02%)Market closed

Select Water Solutions, Inc. provides water management solutions to the energy industry in the United States. It operates in three segments: Water Infrastructure, Water Services, and Chemical Technologies. Its Water Infrastructure segment engages in the recycling, gathering, transferring, and disposal of water through a network of permanent pipeline infrastructure, water recycling and treatment facilities, water storage facilities, and SWDs and landfills; fluid disposals; pipelines and logistics; and solid management services. The Water Services segment offers water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; AquaView automation services; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services; and various surface rental equipment and workforce accommodation services. The Chemical Technologies segment offers technical solutions, products, and services related to chemical applications in the oil and gas industry; and water treatment and flow assurance solutions. This segment also develops, manufactures, manages logistics, and provides chemicals, including polymers for use in hydraulic fracturing, stimulation, cementing, and well completions; and offers production chemical solutions for underperforming wells, corrosion and scale monitoring, chemical inventory management, well failure analysis, and lab services. It serves oil and gas producers. The company was formerly known as Select Energy Services, Inc. and changed its name to Select Water Solutions, Inc. in May 2023. Select Water Solutions, Inc. was founded in 2008 and is headquartered in Gainesville, Texas.

How this company scores

WeakMetricSide Score: 37.5/100

Strongest: Balance Sheet & Red Flags (21/25); weakest: Cash & Earnings Quality (4/25).

Profitability7/25

Growth5.5/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality4/25

Strengths

Low leverageImproving leverageImproving margins

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 17.9% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.43B
Q. Revenue: $395.81M
TTM EBITDA: $242.69M
TTM Op. Income: $50.15M
Q. Op. Income: $34.34M
TTM Net Income: $31.98M
Q. Net Income: $21.04M
EPS: N/A
Shares Out.: $0

$1.43B in TTM revenue declined 2.0% YoY, reaching $395.81M last quarter. TTM EBITDA of $242.69M and TTM operating income of $50.15M show growth is flowing through to the bottom line. TTM net income of $31.98M means revenue is converting into profit. Over the past year, TTM revenue is down 2% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 19.4%
EBITDA Margin: 20.9%
Op. Margin: 8.7%
Net Margin: 5.3%

Op. margin of 8.7% is up 4.4% YoY — cost efficiency is improving. Net margin at 5.3% and gross margin of 19.4% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: N/A
P/B Ratio: N/A

P/S of 0.0x and P/B of 0.0x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.79B
Cash: $33.40M
Long-Term Debt: $196.44M
Book Value: $1.05B
D/E Ratio: 0.2
Debt/EBITDA: 2.4

With $1.79B in assets and $196.44M in long-term debt, D/E is 0.2and book value is $1.05B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $86.74M
TTM Free Cash Flow: $-82.00M
FCF Margin: -5.7%
FCF / Net Income: -2.6

TTM FCF of $-82.00M on $86.74M in operating cash flow. The FCF / Net Income ratio of -2.6x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 292% — an improving trend.