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Select Water Solutions

WTTR on NYSE. Select sells water management services to oil and gas companies. Market value $837.4bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Energy stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
-2.9%low

For every $100 of what the whole company costs, it produced $-2.87 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
61.5×full

You pay 61.5 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
4.5%five-year median

Each dollar kept in the business earns 5 cents a year. Above 10 is good.

Quality score: 57 of 100. Price score: 6 of 100. Our list needs 70 on quality and 60 on price.

$19.99 a share, 115% above its 1-year low

Over the past year the price has ranged from $9.28 to $22.55.

Dividend: 1.2% a year

Paid every year for 4 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

-0.1
-0.0
0.1
0.1
-0.1
-0.1
2021202220232024202512 monthsto Jun '26
Revenue
$765m$1.4bn$1.6bn$1.5bn$1.4bn
Operating margin
-8.6%2.8%3.9%3.8%2.0%
Debt to equity
n/a0.020.000.110.40
Shares outstanding
n/an/an/an/an/a

Health checks

  • Free cash flow positive2 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)4 of 8 checks we could run
  • Profit backed by cash (accruals)No
  • Debt0.40× equity
  • Revenue growth, five yearsStrong, 18.4% a year

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $396 million last quarter, up 9% on a year ago.
  • Profit: $21 million, up 98% on a year ago.
  • It keeps 4 cents of each $1 of sales as operating profit, about the same as a year earlier.
  • Over the past 12 months it spent $82 million more cash than it brought in, compared with $21 million a year earlier.
  • Debt is $230 million more than cash, up from $224 million a year ago.
  • Sales grew on a year ago in 1 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$371m
December 2024$349m
March 2025$374m
June 2025$364m
September 2025$322m
December 2025$347m
March 2026$366m
June 2026$396m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$16m
December 2024-$2m
March 2025$8m
June 2025$11m
September 2025$3m
December 2025-$346,000
March 2026$9m
June 2026$21m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
18 February 2026
Next quarterly (estimated, 10-Q)
4 November 2026

Who owns it

5 long-term investors we follow own it, unchanged from 5 last quarter. 266 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

  • Franklin Resources, Inc.
    Passive investor
    at least 8.9%
    (filed with 3 related holders)
    Since 31 March 2026
  • at least 6.3%−10.6 pts
    (filed with 3 related holders)
    Since 30 June 2026
  • First Trust Portfolios L.P.
    Passive investor
    Sold down below 5%
    Since 31 March 2025
  • Franklin Mutual Advisers, LLC
    Passive investor
    Sold down below 5%
    Since 31 March 2025
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 5 sold $11m, $661,027 of it under preset trading plans.

  • Burnett Richard Alan
    Director
    Sold
    Date
    15 May 2026
    Shares
    45,316
    Price
    $18.74
    Value
    $849,222
  • Burnett Richard Alan
    Director
    Sold
    Date
    14 May 2026
    Shares
    19,684
    Price
    $18.73
    Value
    $368,681
  • Skarke Michael
    EVP & COO
    Sold
    Date
    12 May 2026
    Shares
    20,000
    Price
    $17.78
    Value
    $355,600
  • Szymanski Brian
    Chief Accounting Officer
    Sold
    Date
    11 May 2026
    Shares
    20,000
    Price
    $17.04
    Value
    $340,800
  • Skarke Michael
    EVP & COO
    Sold
    Date
    11 May 2026
    Shares
    90,000
    Price
    $17.31
    Value
    $2m
  • Fielder Robin H
    Director
    Sold
    Date
    8 May 2026
    Shares
    27,010
    Price
    $16.80
    Value
    $453,768
  • Schmitz John
    President & CEO, Director
    Sold
    under a preset trading plan
    Date
    9 February 2026
    Shares
    33,916
    Price
    $13.03
    Value
    $441,925
  • Schmitz John
    President & CEO, Director
    Sold
    under a preset trading plan
    Date
    6 February 2026
    Shares
    16,841
    Price
    $13.01
    Value
    $219,101
  • Schmitz John
    President & CEO, Director
    Sold
    Date
    5 December 2025
    Shares
    70,375
    Price
    $11.21
    Value
    $788,904
  • Schmitz John
    President & CEO, Director
    Sold
    Date
    4 December 2025
    Shares
    211,118
    Price
    $11.15
    Value
    $2m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • It isn't cheap on profits: 61.5× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.