Select Water Solutions, Inc. (WTTR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 365.96M | 346.5M | 322.24M | 364.21M | 374.38M | 349.05M | 371.35M | 365.13M | 366.55M | 374.86M | 389.27M | 404.63M | 416.59M | 381.68M | 375.07M | 335.9M | 294.77M | 255.13M | 204.63M | 161.12M |
| Revenue Growth % | -2.25% | -0.73% | -13.22% | -0.25% | 2.14% | -6.89% | -4.6% | -9.76% | -12.01% | -1.79% | 3.79% | 20.46% | 41.33% | 49.6% | 83.29% | 108.48% | 105.07% | 91.34% | 102.12% | 74.67% |
| Cost of Revenue | 300.68M | 302.35M | 235.11M | 306.46M | 318.61M | 304.86M | 308.9M | 304.98M | 313.87M | 320.3M | 333.01M | 343.45M | 356.93M | 340.11M | 316.23M | 300.24M | 270.09M | 237.22M | 195.65M | 162.75M |
| Gross Profit | 65.28M | 44.15M | 87.13M | 57.75M | 55.77M | 44.18M | 62.45M | 60.16M | 52.68M | 54.56M | 56.27M | 61.17M | 59.66M | 41.57M | 58.84M | 35.66M | 24.68M | 17.91M | 8.98M | -1.64M |
| Gross Margin % | 17.84% | 12.74% | 27.04% | 15.86% | 14.9% | 12.66% | 16.82% | 16.48% | 14.37% | 14.55% | 14.45% | 15.12% | 14.32% | 10.89% | 15.69% | 10.62% | 8.37% | 7.02% | 4.39% | -1.02% |
| Gross Profit Growth % | 17.05% | -0.07% | 39.53% | -3.99% | 5.87% | -19.01% | 10.99% | -1.66% | -11.71% | 31.24% | -4.38% | 71.54% | 141.73% | 132.12% | 554.87% | 2278.5% | 661.34% | 554.31% | 153.17% | 93.1% |
| Operating Expenses | 47.31M | 43.27M | 88.9M | 42.33M | 40.23M | 41.58M | 37.93M | 39.79M | 45.67M | 47.85M | 39.52M | 35.44M | 47.67M | 34.83M | 30.32M | 27.38M | 28.97M | 26.26M | 22.76M | 16.74M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 63.71M | 53.24M | 43.12M | 57.36M | 54.13M | 42.47M | 63.5M | 58.3M | 44.9M | 42.92M | 51.91M | 61.4M | 45.28M | 38.14M | 55.65M | 37.79M | 22.45M | 16.7M | 9.59M | 3.27M |
| EBITDA Margin % | 17.41% | 15.36% | 13.38% | 15.75% | 14.46% | 12.17% | 17.1% | 15.97% | 12.25% | 11.45% | 13.34% | 15.18% | 10.87% | 9.99% | 14.84% | 11.25% | 7.62% | 6.55% | 4.68% | 2.03% |
| EBITDA Growth % | 17.69% | 25.34% | -32.1% | -1.62% | 20.56% | -1.05% | 22.32% | -5.05% | -0.84% | 12.55% | -6.71% | 62.48% | 101.72% | 128.32% | 480.44% | 1056.4% | 917.74% | 747.01% | 199.35% | 115.23% |
| Depreciation & Amortization | 45.74M | 52.36M | 44.89M | 41.94M | 38.59M | 39.87M | 38.98M | 37.94M | 37.9M | 36.22M | 35.16M | 35.67M | 33.28M | 31.39M | 27.21M | 29.51M | 26.74M | 25.05M | 23.36M | 21.64M |
| D&A / Revenue % | 12.5% | 15.11% | 13.93% | 11.51% | 10.31% | 11.42% | 10.5% | 10.39% | 10.34% | 9.66% | 9.03% | 8.82% | 7.99% | 8.23% | 7.26% | 8.79% | 9.07% | 9.82% | 11.42% | 13.43% |
| Operating Income (EBIT) | 17.97M | 878K | -1.77M | 15.43M | 15.54M | 2.6M | 24.52M | 20.36M | 7M | 6.71M | 16.75M | 25.73M | 12M | 6.74M | 28.43M | 8.28M | -4.29M | -8.35M | -13.78M | -18.37M |
| Operating Margin % | 4.91% | 0.25% | -0.55% | 4.24% | 4.15% | 0.75% | 6.6% | 5.58% | 1.91% | 1.79% | 4.3% | 6.36% | 2.88% | 1.77% | 7.58% | 2.46% | -1.46% | -3.27% | -6.73% | -11.4% |
| Operating Income Growth % | 15.62% | -66.3% | -107.23% | -24.25% | 121.86% | -61.15% | 46.36% | -20.87% | -41.62% | -0.55% | -41.09% | 210.85% | 379.63% | 180.76% | 306.4% | 145.06% | 82.87% | 61.93% | 59.74% | 61.57% |
| Interest Expense | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 103K | 765K | 1000K | 1000K | 870K | 616K | 494K | 720K | 457K | 419K | 400K |
| Interest Coverage | 3.04x | 0.13x | 1.46x | 3.90x | 3.53x | 1.38x | 13.67x | 10.26x | 5.54x | -324.64x | 22.93x | 12.42x | 10.62x | 10.42x | 41.93x | 31.35x | 12.57x | 26.52x | -32.67x | -47.83x |
| Interest / Revenue % | -0.27% | 0.29% | 0.31% | 0.27% | 0.27% | 0.29% | 0.27% | 0.27% | 0.27% | 0.03% | 0.2% | 0.25% | 0.24% | 0.23% | 0.16% | 0.15% | 0.24% | 0.18% | 0.2% | 0.25% |
| Non-Operating Income | -1000K | -1000K | 1000K | 767K | -1000K | -1000K | 147K | -1000K | -1000K | -1000K | 25K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -461K | -1000K |
| Pretax Income | 12.15M | -11.52M | 2.73M | 16.19M | 12.45M | 171K | 24.66M | 18.86M | 5.33M | -33.54M | 16.77M | 22.95M | 13.9M | 7.86M | 24.99M | 14.76M | 8.2M | 11.51M | -14.24M | -19.53M |
| Pretax Margin % | 3.32% | -3.32% | 0.85% | 4.45% | 3.33% | 0.05% | 6.64% | 5.16% | 1.45% | -8.95% | 4.31% | 5.67% | 3.34% | 2.06% | 6.66% | 4.4% | 2.78% | 4.51% | -6.96% | -12.12% |
| Income Tax | -2.43M | -9.46M | 434K | 4.52M | 2.89M | 2.31M | 5.85M | 3.96M | 1.45M | -61.18M | 483K | 387K | 198K | 285K | 276K | 182K | 214K | 358K | -32K | 84K |
| Effective Tax Rate % | -20.02% | 82.13% | 15.91% | 27.92% | 23.24% | 1347.95% | 23.73% | 20.99% | 27.26% | 182.4% | 2.88% | 1.69% | 1.42% | 3.63% | 1.1% | 1.23% | 2.61% | 3.11% | 0.22% | -0.43% |
| Net Income | 8.61M | -346K | 2.68M | 10.65M | 8.24M | -1.64M | 15.79M | 12.87M | 3.63M | 27.59M | 14.35M | 20.11M | 12.35M | 7.65M | 21.32M | 12.5M | 6.8M | 9.49M | -12.04M | -16.57M |
| Net Margin % | 2.35% | -0.1% | 0.83% | 2.92% | 2.2% | -0.47% | 4.25% | 3.52% | 0.99% | 7.36% | 3.69% | 4.97% | 2.96% | 2% | 5.69% | 3.72% | 2.31% | 3.72% | -5.89% | -10.28% |
| Net Income Growth % | 4.45% | 78.9% | -83.01% | -17.26% | 127.28% | -105.94% | 10.07% | -36.03% | -70.64% | 260.77% | -32.72% | 60.88% | 81.52% | -19.42% | 277.05% | 175.47% | 129.44% | 152.79% | 60.56% | 62.6% |
| EPS (Diluted) | 0.08 | -0.00 | 0.03 | 0.10 | 0.08 | -0.02 | 0.15 | 0.13 | 0.04 | 0.27 | 0.14 | 0.20 | 0.12 | 0.07 | 0.22 | 0.13 | 0.07 | 0.10 | -0.14 | -0.19 |
| EPS Growth % | -4.38% | 83% | -82.8% | -23.08% | 123.46% | -107.41% | 7.14% | -35% | -70.17% | 287.93% | -36.36% | 53.85% | 64.61% | -30.4% | 257.14% | 168.42% | 127% | 147.62% | 61.11% | 63.46% |
| EPS (Basic) | 0.08 | -0.00 | 0.03 | 0.10 | 0.08 | -0.02 | 0.16 | 0.13 | 0.04 | 0.28 | 0.14 | 0.20 | 0.12 | 0.07 | 0.23 | 0.13 | 0.07 | 0.11 | -0.14 | -0.19 |
| Diluted Shares Outstanding | 112.53M | 102.59M | 104.24M | 117.75M | 117.01M | 116.56M | 105.27M | 118.39M | 101.37M | 102.2M | 102.25M | 102.86M | 106.89M | 109.39M | 95.52M | 95.36M | 93.32M | 94.93M | 88.6M | 87.19M |