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SELECT WATER SOLUTIONS, INC.

CIK: 1693256 SIC: 1389
$1.41B
Revenue
$21.22M
Net Income
14.38%
Gross Margin
2.05%
Op. Margin
$-183.69M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 9 of 9 annual reports available (2017 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
+ Total Revenue $1.41B $1.41B $1.45B $1.59B $1.39B $764.62M $605.11M $1.29B $1.53B $692.49M
Revenue Growth % 0.0% -3.1% -8.4% 14.3% 81.5% 26.4% -53.2% -15.5% 120.8% nan%
Cost of Revenue $1.20B $1.20B $1.23B $1.35B $1.23B $743.76M $634.37M $1.14B $1.33B $634.71M
+ Gross Profit $202.40M $202.40M $219.47M $231.66M $160.75M $20.86M $-29.27M $148.74M $198.48M $57.78M
Gross Margin % 14.4% 14.4% 15.1% 14.6% 11.6% 2.7% -4.8% 11.5% 13.0% 8.3%
Operating Expenses $173.59M $173.59M $164.98M $170.47M $121.59M $86.40M $365.51M $125.67M $136.81M $87.78M
Selling General & Admin $161.32M $161.32M $159.98M $155.55M $118.94M $83.08M $74.36M $111.62M $103.16M $82.40M
+ Operating Income $28.81M $28.81M $54.49M $61.19M $39.16M $-65.54M $-394.78M $23.07M $61.67M $-30.00M
Operating Margin % 2.0% 2.0% 3.8% 3.9% 2.8% -8.6% -65.2% 1.8% 4.0% -4.3%
Interest Expense $33.61M $18.74M $7.14M $4.39M $2.70M $1.71M $2.14M $2.69M $5.31M $6.63M
Other Income/Expense $-1.14M $-1.14M $-573.00K $2.42M $4.73M $673.00K $-3.52M $-2.95M $932.00K $369.00K
Income Before Tax $19.86M $19.86M $49.02M $19.02M $56.72M $-49.66M $-403.21M $6.08M $56.00M $-35.98M
Income Tax Expense $-1.61M $-1.61M $13.57M $-60.20M $957.00K $147.00K $-1.48M $1.95M $1.70M $-851.00K
+ Net Income $21.22M $21.22M $30.64M $74.40M $48.28M $-42.23M $-338.68M $2.78M $36.51M $-16.82M
Net Margin % 1.5% 1.5% 2.1% 4.7% 3.5% -5.5% -56.0% 0.2% 2.4% -2.4%
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
Cash & Cash Equivalents $18.08M $19.98M $57.08M $7.32M $85.80M $169.04M $79.27M $17.24M $2.77M
Accounts Receivable - - - $429.98M $232.82M $129.39M $267.63M $341.71M $373.63M
Inventory $34.28M $38.45M $38.65M $41.16M $44.46M $33.38M $37.54M $44.99M $44.60M
Other Current Assets $38.00M $45.35M $35.54M $34.38M $31.49M $19.62M $26.49M $27.09M $17.84M
Total Current Assets $354.39M $385.50M $454.06M $517.94M $394.79M $351.50M $415.60M $432.15M $446.52M
Property Plant & Equipment $912.18M $725.65M $517.58M $499.55M $391.79M $350.37M $453.28M $502.85M $474.11M
Goodwill $48.48M $18.21M $4.68M - - - $266.93M $273.80M $273.42M
Intangible Assets $106.20M $123.72M - - - - - - -
Other Non-current Assets $18.53M $18.66M $24.56M $18.90M $7.41M $5.08M $4.22M $3.43M $6.26M
Total Assets $1.60B $1.37B $1.22B $1.22B $950.19M $875.36M $1.35B $1.36B $1.36B
Accounts Payable $49.68M $39.19M $42.58M $61.54M $36.05M $12.99M $35.69M $53.85M $52.58M
Accrued Liabilities $46.27M $76.20M $66.18M $67.46M $52.05M $21.36M $47.55M $62.54M $45.86M
Total Current Liabilities $225.70M $233.38M $211.55M $231.29M $162.04M $88.76M $151.88M $179.72M $185.19M
Long-term Debt $320.00M $85.00M - $16.00M - - - $45.00M $75.00M
Other Non-current Liabilities $92.85M $62.87M $38.95M $45.45M $39.78M $19.73M $10.78M $8.36M $13.83M
Total Liabilities $668.54M $450.75M $326.02M $339.12M $255.02M $169.48M $234.81M $249.83M $293.00M
Retained Earnings $-184.92M $-206.15M $-236.79M $-311.19M $-359.47M $-317.25M $21.44M $18.65M $-17.86M
Total Stockholders Equity $805.62M $793.52M $772.49M $765.98M $592.10M $593.06M $937.18M $832.93M $656.65M
Total Liabilities & Equity $1.60B $1.37B $1.22B $1.22B $950.19M $875.36M $1.35B $1.36B $1.36B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
Net Income $21.22M $21.22M $30.64M $74.40M $48.28M $-42.23M $-338.68M $2.78M $36.51M $-16.82M
Depreciation & Amortization $6.25M $5.32M $3.40M $2.28M $115.72M $92.46M $101.67M $120.67M $133.71M $103.45M
Stock-based Compensation $30.04M $19.88M $26.36M $17.37M $15.57M $9.47M $5.76M $15.48M $10.37M $7.69M
Deferred Income Tax $1.27M $-1.22M $12.50M $-61.96M $-188.00K $283.00K - - - -
Change in Receivables $69.81M $-16.11M $-46.88M $-102.30M $162.26M $80.13M $-142.87M $-57.91M $-36.54M $100.48M
Operating Cash Flow $287.14M $214.67M $234.89M $285.36M $33.23M $-16.25M $105.81M $203.95M $232.41M $-2.90M
Capital Expenditure $470.82M $294.56M $173.15M $135.87M $71.88M $39.99M $21.24M $110.14M $165.36M $98.72M
Acquisitions $84.78M $53.59M $161.28M $17.69M $6.96M $34.74M - $10.00M $17.00M $65.49M
Investing Cash Flow $-744.98M $-404.96M $-318.62M $-137.17M $-53.25M $-64.46M $-5.39M $-77.36M $-168.36M $-156.73M
Debt Repayment - - - - $22.07M - - $50.00M $90.00M $111.00M
Stock Issued - - $50.00K - $53.00K $58.00K $76.00K $142.00K $762.00K -
Stock Repurchased $20.15M $7.29M $7.91M $61.77M $20.21M $1.21M $10.88M $18.60M $16.56M $297.00K
Dividends Paid $59.09M $33.66M $29.75M $24.92M $6.02M - - - - -
Financing Cash Flow $495.06M $188.39M $46.64M $-98.42M $-58.45M $-2.54M $-10.71M $-64.69M $-49.29M $122.40M
Net Change in Cash $37.23M $-1.89M $-37.10M $49.76M $-78.48M $-83.24M $89.77M $62.03M $14.46M $-37.27M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $322.24M $371.35M $1.06B $1.10B
Cost of Revenue $278.69M $308.90M $903.76M $927.75M
Gross Profit $43.55M $62.45M $157.08M $175.28M
Operating Expenses $45.33M $37.93M $127.88M $123.40M
Selling General & Admin $41.67M $37.27M $118.04M $120.23M
Operating Income $-1.77M $24.52M $29.19M $51.88M
Interest Expense $5.96M $1.91M $12.48M $5.22M
Other Income/Expense $-2.28M $-78.00K $-1.86M $-318.00K
Income Before Tax $7.51M $24.16M $36.25M $48.69M
Income Tax Expense $434.00K $5.85M $7.85M $11.26M
Net Income $2.68M $15.79M $21.57M $32.28M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $17.83M $19.98M
Inventory $37.97M $38.45M
Other Current Assets $47.47M $45.35M
Total Current Assets $380.26M $385.50M
Property Plant & Equipment $887.36M $725.65M
Goodwill $45.13M $18.21M
Other Non-current Assets $19.17M $18.66M
Total Assets $1.59B $1.37B
Total Current Liabilities $231.31M $233.38M
Long-term Debt $285.44M $85.00M
Other Non-current Liabilities $78.05M $62.87M
Total Liabilities $656.50M $450.75M
Retained Earnings $-184.58M $-206.15M
Total Stockholders Equity $808.11M $793.52M
Total Liabilities & Equity $1.59B $1.37B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $2.68M $15.79M $21.57M $32.28M
Depreciation & Amortization $1.31M $661.00K $4.15M $2.67M
Stock-based Compensation - - $14.08M $18.36M
Deferred Income Tax $608.00K $5.65M $7.57M $10.57M
Change in Receivables - - $-3.02M $-29.01M
Operating Cash Flow - - $149.22M $167.12M
Capital Expenditure - - $223.06M $118.08M
Acquisitions - - $52.34M $158.44M
Investing Cash Flow - - $-333.71M $-264.24M
Stock Repurchased - - $6.91M $7.32M
Dividends Paid - - $25.25M $21.53M
Financing Cash Flow - - $182.33M $50.98M
Net Change in Cash - - $-2.15M $-46.15M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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