--- title: "Select Water Solutions Metrics Guide" description: "Select Water Solutions Inc. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios explained." canonical: https://www.getswoopr.com/stocks/companies/select-water-solutions-inc/financial-metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Select Water Solutions Inc. Financial Metrics Guide ## Direct Answer > Select Water Solutions Inc. reported revenue of $1.4 billion for the fiscal year ended December 31, 2025, with an operating margin of 2.0% and net income of $21 million, according to its SEC filings. Revenue fell 3.1% from the prior year. ## What Are Select Water Solutions Inc.'s Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $1.4 billion | $1.5 billion | $1.6 billion | $1.4 billion | | Operating income | $29 million | $54 million | $61 million | $39 million | | Operating margin | 2.0% | 3.8% | 3.9% | 2.8% | | Net income | $21 million | $31 million | $74 million | $48 million | | Net margin | 1.5% | 2.1% | 4.7% | 3.5% | | Operating cash flow | $215 million | $235 million | $285 million | $33 million | | Capital expenditures | $295 million | $173 million | $136 million | $72 million | | Free cash flow | -$80 million | $62 million | $149 million | -$39 million | Operating margin narrowed by 1.7 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was -$80 million against net income of $21 million; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement. ![Bar chart of Select Water Solutions Inc. revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $1.4 billion, operating income $29 million and net income $21 million.](https://www.getswoopr.com/images/charts/select-water-solutions-inc-metrics-revenue-profit.webp) *Select Water Solutions Inc. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Select Water Solutions Inc. operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 2.0% and net margin was 1.5%.](https://www.getswoopr.com/images/charts/select-water-solutions-inc-metrics-margins.webp) *Select Water Solutions Inc. operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Select Water Solutions Inc. operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $215 million, capital expenditures was $295 million, free cash flow was negative $80 million.](https://www.getswoopr.com/images/charts/select-water-solutions-inc-metrics-cash-flow.webp) *Select Water Solutions Inc. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Select Water Solutions Inc.'s Balance Sheet Show? | Cash and cash equivalents | $18 million | | --- | --- | | Long-term debt | $285 million | | Total assets | $1.6 billion | | Total liabilities | $669 million | | Shareholders' equity | $806 million | | Current ratio | 1.6x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Select Water Solutions Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001104659-26-017085 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Select Water Solutions Inc.'s revenue in fiscal 2025? Select Water Solutions Inc. reported revenue of $1.4 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Select Water Solutions Inc.'s operating margin? Select Water Solutions Inc.'s operating margin was 2.0% in fiscal 2025: operating income of $29 million on revenue of $1.4 billion. ### How much free cash flow did Select Water Solutions Inc. generate? Operating cash flow of $215 million less capital expenditures of $295 million gives free cash flow of -$80 million for fiscal 2025. ## References - [SEC EDGAR: Select Water Solutions, Inc. Form 10-K filed February 18, 2026](https://www.sec.gov/Archives/edgar/data/1693256/000110465926017085/wttr-20251231x10k.htm) - [SEC EDGAR: Select Water Solutions, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1693256&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Select Water Solutions Inc. company dossier](https://www.getswoopr.com/stocks/companies/select-water-solutions-inc/) - [Select Water Solutions Inc. financial metrics](https://www.getswoopr.com/stocks/companies/select-water-solutions-inc/financial-metrics/) - [Select Water Solutions Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/select-water-solutions-inc/risks-monitoring/) - [Select Water Solutions Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/select-water-solutions-inc/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) [Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) Swoopr's editorial team produces independent investment education content. 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