WTTR
Select Water Solutions, Inc.
WTTR's fundamentals are strong, but it looks expensive: trading at 41x earnings, above its usual 24x. Analysts expect strong earnings growth, though they disagree widely on how much.
WTTR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Healthy |
WTTR's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
WTTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $5.62 | -66% |
| Fair | 24x | $9.46 | -42% |
| Forward | 30x | $16.33 | — |
| Current | 41x | $16.33 | — |
| Expensive | 70x | $28.00 | +71% |
Historical ranges are pointers, not guarantees.
WTTR's PE is in its expensive range at 41x. If earnings grow as analysts expect, today's price would be 30x next year's earnings, in its fair range.
WTTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for WTTR, with profitability holding steady. However, they disagree widely on these estimates.
WTTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.54 | +35% |
| Q3 2026 | $0.40 | +111% |
| Q2 2026 | $0.27 | -13% |
| Q1 2026 | $0.20 | -41% |
| Q4 2025 | $0.20 | -33% |
| Q3 2025 | $0.19 | -68% |
| Q2 2025 | $0.31 | -47% |
| Q1 2025 | $0.34 | -48% |
| Q4 2024 | $0.30 | -59% |
WTTR's earnings per share have fallen from their peak: $0.40 over the past year, against $0.73 in late 2023.
WTTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $412.2M | +28% |
| Q2 2026 | $395.8M | +8.7% |
| Q1 2026 | $366M | -2.3% |
| Q4 2025 | $346.5M | -0.7% |
| Q3 2025 | $322.2M | -13% |
| Q2 2025 | $364.2M | -0.3% |
| Q1 2025 | $374.4M | +2.1% |
| Q4 2024 | $349M | -6.9% |
WTTR's revenue is growing: $412M last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.5% | +7.1 points |
| Q2 2026 | 8.7% | +4.4 points |
| Q1 2026 | 6.5% | +2.4 points |
| Q4 2025 | 0.3% | -0.5 points |
| Q3 2025 | -0.6% | -7.1 points |
| Q2 2025 | 4.2% | -1.3 points |
| Q1 2025 | 4.2% | +2.2 points |
| Q4 2024 | 0.8% | -1 points |
WTTR's operating margin was 6.5% last quarter, up 7.1 points from the same quarter a year ago.
WTTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$5.1M | +$18.4M |
| Q2 2026 | $15.7M | +394% |
| Q1 2026 | -$68.1M | -$14.6M |
| Q4 2025 | -$6M | -148% |
| Q3 2025 | -$23.5M | -241% |
| Q2 2025 | $3.2M | -91% |
| Q1 2025 | -$53.5M | -$51.9M |
| Q4 2024 | $12.7M | -74% |
WTTR's free cash flow was −$64M over the past year, against −$61M the year before.
WTTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +14% | +18.1M shares |
| 1 year | +38% | +39.3M shares |
| 3 years | +40% | +41.3M shares |
| 5 years | +62% | +54.9M shares |
| Available history | +73% | +60.8M shares |
WTTR has 144M diluted shares, up 38% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $70,000 |
| Q2 2026 | $621,000 |
| Q1 2026 | $7.6M |
| Q4 2025 | $377,000 |
| Q3 2025 | $332,000 |
| Q2 2025 | $286,000 |
| Q1 2025 | $6.3M |
| Q4 2024 | $589,000 |
WTTR spent $9M buying back its own shares over the past year, up 16% from the year before.
WTTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Very low |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 0.5x | Very low |
WTTR's net debt is about a year of its operating earnings (EBITDA), down from 1.5 years a year ago.
WTTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.2 | Neutral |
| Stochastic | 28.6 | Neutral |
WTTR's weekly RSI is 42 (neutral) and its Stochastic is 29 (neutral).
WTTR PE vs Utilities Sector
| Metric | WTTR | Sector median | Relative |
|---|---|---|---|
| PE | 41x | 20x | 98% above |
| PE % | 67 | 44 | 23 pts above |
WTTR is trading at 41x earnings, a 98% premium to the Utilities sector's median of 20x.
WTTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.6 | 12% below |
| 20 week MA | $19.3 | 15% below |
| 50 week MA | $16.5 | 0.9% below |
| 100 week MA | $13.3 | 23% above |
| 200 week MA | $11.2 | 46% above |
WTTR has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 46% above its 200-week average.
WTTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.28 | $4.21 | -55% |
| 2021 | $4.21 | $6.23 | +48% |
| 2022 | $6.23 | $9.05 | +45% |
| 2023 | $9.05 | $7.59 | -16% |
| 2024 | $7.59 | $12.8 | +69% |
| 2025 | $12.8 | $10.7 | -17% |
| 2026 YTD | $10.7 | $16.3 | +53% |
WTTR is up 53% so far in 2026, after finishing lower in three of the previous six years.