Select Energy Services, Inc. (WTTR) Income Statement
WTTR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWTTR revenue and net income
Where WTTR's revenue goes
2025Each bar shows an amount and its share of revenue. WTTR kept 1.5% of revenue as net income.
WTTR profit margins
WTTR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.1% | +0.5% | +18.4% | +10.1% |
| Gross profit | −10.2% | +7.0% | — | +32.0% |
| Operating income | −34.4% | −3.0% | — | — |
| Net income | −30.7% | −24.0% | — | — |
| EPS (diluted) | −48.5% | −16.3% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WTTR quarterly EPS vs estimates
Select Energy Services beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.18).
WTTR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.45B | $1.59B | $1.39B | $764.6M | $605.1M | $1.29B | $1.53B | $692.5M | $302.4M |
| Cost of revenue | $1.21B | $1.23B | $1.35B | $1.23B | $743.8M | $634.4M | $1.14B | $1.33B | $634.7M | $346.5M |
| Gross profit | $197.1M | $219.5M | $231.7M | $160.8M | $20.9M | −$29.3M | $148.7M | $198.5M | $57.8M | −$44.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | — |
| Sales, general & admin | $161.3M | $160.0M | $155.5M | $118.9M | $83.1M | $74.4M | $111.6M | $103.2M | $86.0M | $54.1M |
| Total operating expenses | $161.3M | $165.0M | $170.5M | $121.6M | $86.4M | $365.5M | $125.7M | $106.3M | $84.2M | $36.7M |
| Operating income | $35.8M | $54.5M | $61.2M | $39.2M | −$65.5M | −$394.8M | $23.1M | $61.7M | −$30.0M | −$299.0M |
| Interest income | — | — | — | — | — | — | $2.4M | $6.6M | $6.3M | $16.1M |
| Interest expense | $23.2M | $7.0M | $4.4M | $2.7M | $1.7M | $2.1M | $2.7M | $5.3M | $6.6M | $16.1M |
| Income before taxes | $19.9M | $49.0M | $19.0M | $55.8M | −$49.9M | −$403.2M | $6.1M | $56.0M | −$36.0M | −$314.5M |
| Income taxes | −$1.6M | $13.6M | −$60.2M | $957,000 | $147,000 | −$1.5M | $1.9M | $1.7M | −$851,000 | −$524,000 |
| Net income | $21.2M | $30.6M | $74.4M | $48.3M | −$42.2M | −$338.7M | $2.8M | $36.5M | −$16.8M | −$1.0M |
| EBITDA | $222.9M | $213.3M | $165.3M | $174.0M | $44.3M | −$299.4M | $129.4M | $227.1M | $74.1M | −$201.2M |
| EPS (diluted) | $0.34 | $0.66 | $1.12 | $0.58 | −$0.51 | −$3.61 | $0.52 | $1.20 | $0.12 | $5.31 |
| Gross margin | 14.0% | 15.1% | 14.6% | 11.6% | 2.7% | −4.8% | 11.5% | 13.0% | 8.3% | −14.6% |
| Operating margin | 2.5% | 3.8% | 3.9% | 2.8% | −8.6% | −65.2% | 1.8% | 4.0% | −4.3% | −98.9% |
| Net margin | 1.5% | 2.1% | 4.7% | 3.5% | −5.5% | −56.0% | 0.2% | 2.4% | −2.4% | −0.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $395.8M | $366.0M | $346.5M | $322.2M | $364.2M | $374.4M | $349.0M | $371.3M | $365.1M | $366.5M | $374.9M | $389.3M |
| Cost of revenue | $319.0M | $300.7M | $302.3M | $235.1M | $306.5M | $318.6M | $304.9M | $308.9M | $305.0M | $313.9M | $320.3M | $333.0M |
| Gross profit | $76.8M | $64.2M | $44.2M | $87.1M | $57.8M | $55.8M | $44.2M | $62.4M | $60.2M | $52.7M | $54.6M | $56.3M |
| Sales, general & admin | $41.2M | $40.6M | $43.3M | $41.7M | $38.9M | $37.4M | $39.7M | $37.3M | $39.0M | $44.0M | $46.4M | $39.0M |
| Total operating expenses | $42.5M | $40.2M | $43.3M | $88.9M | $42.3M | $40.2M | $41.6M | $37.9M | $39.8M | $45.7M | $47.9M | $39.5M |
| Operating income | $34.3M | $23.9M | $878,000 | −$1.8M | $15.4M | $15.5M | $2.6M | $24.5M | $20.4M | $7.0M | $6.7M | $16.8M |
| Interest expense | $5.0M | $5.9M | $6.7M | $6.0M | $5.6M | $4.9M | $1.8M | $1.9M | $2.0M | $1.3M | $103,000 | $765,000 |
| Income before taxes | $29.5M | $11.9M | −$11.5M | $2.7M | $16.2M | $12.5M | $171,000 | $24.7M | $18.9M | $5.3M | −$33.5M | $16.8M |
| Income taxes | $6.4M | $2.4M | −$9.5M | $434,000 | $4.5M | $2.9M | $2.3M | $5.9M | $4.0M | $1.5M | −$61.2M | $483,000 |
| Net income | $21.0M | $8.6M | −$346,000 | $2.7M | $10.6M | $8.2M | −$1.6M | $15.8M | $12.9M | $3.6M | $27.6M | $14.3M |
| EBITDA | $82.9M | $52.8M | $47.5M | $53.6M | $64.0M | $56.8M | $42.3M | $65.0M | $58.7M | $44.9M | $2.8M | $52.4M |
| EPS (diluted) | $0.17 | $0.17 | $0.02 | $0.04 | $0.15 | $0.13 | $0.14 | $0.15 | $0.21 | $0.16 | $0.27 | $0.26 |
| Gross margin | 19.4% | 17.5% | 12.7% | 27.0% | 15.9% | 14.9% | 12.7% | 16.8% | 16.5% | 14.4% | 14.6% | 14.5% |
| Operating margin | 8.7% | 6.5% | 0.3% | −0.5% | 4.2% | 4.2% | 0.7% | 6.6% | 5.6% | 1.9% | 1.8% | 4.3% |
| Net margin | 5.3% | 2.4% | −0.1% | 0.8% | 2.9% | 2.2% | −0.5% | 4.3% | 3.5% | 1.0% | 7.4% | 3.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WTTR's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WTTR financial results
In fiscal year 2025 (ended December 31, 2025), Select Energy Services reported revenue of $1.4 billion, down 3.1% from the year before. It had net income of $21.2 million (down 30.7%), a net profit margin of 1.5%. Diluted earnings per share came to $0.34. Over five years revenue grew at an average rate of 18.4% a year.
See the WTTR stock overview for the latest quote and news, or the WTTR chart for price history and technical indicators.
WTTR income statement FAQ
What is Select Energy Services's annual revenue?
Select Energy Services reported total revenue of $1.4 billion for fiscal year 2025, which ended on December 31, 2025. That was down 3.1% from $1.5 billion the previous year.
Is Select Energy Services profitable?
Yes. Select Energy Services reported net income of $21.2 million in fiscal 2025, a net profit margin of 1.5%; its operating margin was 2.5%.
What is Select Energy Services's gross margin?
Select Energy Services's gross margin was 14.0% in fiscal 2025: for every $100 of revenue, Select Energy Services kept $14 after the direct cost of its products and services.
How fast is Select Energy Services growing?
Revenue grew 18.4% a year on average over the last five fiscal years, from $605.1 million to $1.4 billion.
What are Select Energy Services's earnings per share?
Select Energy Services earned $0.34 per diluted share in fiscal 2025, compared with $0.66 a year earlier.
When will Select Energy Services report its next earnings?
Select Energy Services is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Select Energy Services's fiscal year end?
Select Energy Services's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.