11 years of historical data (2015–2025) · Utilities · Regulated Water
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Select Water Solutions, Inc. trades at 84.1x earnings, 168% above its 5-year average of 31.4x, sitting at the 100th percentile of its historical range. Compared to the Utilities sector median P/E of 19.5x, the stock trades at a premium of 330%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $1.1B | $1.4B | $784M | $892M | $548M | $349M | $861M | $469M | $1.3B | — |
| Enterprise Value | $2.2B | $1.4B | $1.5B | $781M | $965M | $530M | $255M | $874M | $515M | $1.4B | — |
| P/E Ratio → | 84.10 | 52.60 | 44.13 | 10.54 | 18.48 | — | — | 309.33 | 12.90 | — | — |
| P/S Ratio | 1.34 | 0.78 | 0.93 | 0.49 | 0.64 | 0.72 | 0.58 | 0.67 | 0.31 | 1.89 | — |
| P/B Ratio | 1.88 | 1.18 | 1.48 | 0.88 | 1.01 | 0.79 | 0.49 | 0.77 | 0.42 | 1.23 | — |
| P/FCF | — | — | — | 5.25 | — | — | 4.13 | 9.18 | 7.00 | — | — |
| P/OCF | 8.82 | 5.09 | 5.76 | 2.75 | 26.85 | — | 3.30 | 4.22 | 2.02 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Select Water Solutions, Inc.'s enterprise value stands at 10.7x EBITDA, 22% above its 5-year average of 8.8x. The Utilities sector median is 12.0x, placing the stock at a 11% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.03 | 1.01 | 0.49 | 0.70 | 0.69 | 0.42 | 0.68 | 0.34 | 2.02 | — |
| EV / EBITDA | 10.70 | 6.89 | 7.00 | 3.88 | 6.28 | 19.83 | — | 6.08 | 2.63 | 19.08 | — |
| EV / EBIT | 62.89 | 40.49 | 26.01 | 30.96 | 16.24 | — | — | 99.57 | 5.51 | — | — |
| EV / FCF | — | — | — | 5.22 | — | — | 3.02 | 9.31 | 7.68 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Select Water Solutions, Inc. earns an operating margin of 2.5%, below the Utilities sector average of 19.8%. Operating margins have compressed from 3.9% to 2.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 2.3% is modest, trailing the sector median of 9.3%. ROIC of 2.3% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.0% | 14.0% | 15.1% | 14.6% | 11.6% | 2.7% | -4.8% | 11.5% | 13.0% | 8.3% | -14.6% |
| Operating Margin | 2.5% | 2.5% | 3.8% | 3.9% | 2.8% | -8.6% | -65.2% | 1.8% | 4.0% | -4.3% | -98.9% |
| Net Profit Margin | 1.5% | 1.5% | 2.1% | 4.7% | 3.5% | -5.5% | -56.0% | 0.2% | 2.4% | -2.4% | -0.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.3% | 2.3% | 3.4% | 8.4% | 6.1% | -6.0% | -37.2% | 0.3% | 3.4% | -2.4% | -0.3% |
| ROA | 1.4% | 1.4% | 2.4% | 6.1% | 4.4% | -4.6% | -30.5% | 0.2% | 2.7% | -1.9% | -0.2% |
| ROIC | 2.3% | 2.3% | 4.3% | 5.0% | 3.6% | -7.6% | -34.1% | 1.5% | 4.0% | -3.1% | -50.4% |
| ROCE | 2.9% | 2.9% | 5.1% | 6.1% | 4.4% | -8.3% | -39.8% | 1.9% | 5.2% | -3.9% | -63.4% |
Solvency and debt-coverage ratios — lower is generally safer
Select Water Solutions, Inc. carries a Debt/EBITDA ratio of 1.8x, which is manageable (65% below the sector average of 5.1x). Net debt stands at $356M ($374M total debt minus $18M cash). Interest coverage of just 1.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | 0.40 | 0.14 | 0.06 | 0.09 | 0.10 | 0.11 | 0.08 | 0.06 | 0.09 | 0.05 |
| Debt / EBITDA | 1.78 | 1.78 | 0.63 | 0.27 | 0.52 | 2.52 | — | 0.64 | 0.32 | 1.31 | — |
| Net Debt / Equity | — | 0.38 | 0.12 | -0.00 | 0.08 | -0.03 | -0.13 | 0.01 | 0.04 | 0.09 | -0.07 |
| Net Debt / EBITDA | 1.69 | 1.69 | 0.54 | -0.02 | 0.47 | -0.69 | — | 0.09 | 0.23 | 1.27 | — |
| Debt / FCF | — | — | — | -0.02 | — | — | -1.11 | 0.13 | 0.68 | — | — |
| Interest Coverage | 1.54 | 1.54 | 8.09 | 5.74 | 22.01 | -28.02 | -187.77 | 3.26 | 17.58 | -4.43 | -18.50 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.57x means Select Water Solutions, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.15x to 1.57x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.57 | 1.57 | 1.65 | 2.15 | 2.24 | 2.44 | 3.96 | 2.74 | 2.40 | 2.41 | 2.69 |
| Quick Ratio | 1.42 | 1.42 | 1.49 | 1.96 | 2.06 | 2.16 | 3.58 | 2.49 | 2.15 | 2.17 | 2.67 |
| Cash Ratio | 0.08 | 0.08 | 0.09 | 0.27 | 0.03 | 0.53 | 1.90 | 0.52 | 0.10 | 0.01 | 0.86 |
| Asset Turnover | — | 0.88 | 1.06 | 1.30 | 1.13 | 0.80 | 0.69 | 0.96 | 1.12 | 0.51 | 0.75 |
| Inventory Turnover | 35.31 | 35.31 | 32.06 | 35.02 | 29.80 | 16.73 | 19.00 | 30.44 | 29.57 | 14.23 | 346.18 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Select Water Solutions, Inc. returns 2.3% to shareholders annually — split between a 1.9% dividend yield and 0.4% buyback yield. The payout ratio exceeds 100% at 158.6%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 1.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 3.1% | 2.2% | 3.2% | 0.7% | — | — | — | — | — | — |
| Payout Ratio | 158.6% | 158.6% | 97.1% | 33.5% | 12.5% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 1.9% | 2.3% | 9.5% | 5.4% | — | — | 0.3% | 7.8% | — | — |
| FCF Yield | — | — | — | 19.1% | — | — | 24.2% | 10.9% | 14.3% | — | — |
| Buyback Yield | 0.4% | 0.7% | 0.6% | 7.9% | 2.3% | 0.2% | 3.1% | 2.2% | 3.5% | 0.0% | — |
| Total Shareholder Yield | 2.3% | 3.7% | 2.8% | 11.1% | 2.9% | 0.2% | 3.1% | 2.2% | 3.5% | 0.0% | — |
| Shares Outstanding | — | $104M | $102M | $103M | $97M | $88M | $85M | $93M | $74M | $72M | $58M |
Compare WTTR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| $2B | 84.1 | 10.7 | — | 14.0% | 2.5% | 2.3% | 2.3% | 1.8 | |
| $105M | 4.6 | 4.6 | 5.0 | 38.2% | 6.4% | 18.3% | 7.9% | 0.7 | |
| $5B | 35.6 | 10.3 | 363.9 | 11.4% | 2.0% | 7.3% | 2.3% | 1.5 | |
| $1B | -2.9 | 8.2 | 60.7 | 3.7% | -6.9% | -37.7% | -4.6% | 4.0 | |
| $63B | 24.4 | 14.0 | 24.8 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 | |
| $80B | 22.6 | 12.1 | 16.6 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 | |
| $33B | 26.1 | 11.4 | 19.5 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 | |
| $427M | -7.9 | 337.0 | — | — | — | — | 0.7% | 163.0 | |
| $2B | 1993.6 | 10.7 | 44.9 | 9.9% | 1.5% | 0.1% | 1.4% | 1.3 | |
| $58M | -0.8 | 5.7 | — | 21.2% | -4.8% | — | -9.4% | 4.9 | |
| $70B | 14.4 | 5.9 | 17.7 | 68.1% | 35.1% | 16.8% | 19.1% | 0.7 | |
| Utilities Median | — | 19.5 | 12.0 | 16.2 | 39.6% | 19.8% | 9.3% | 4.8% | 5.1 |
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Start ComparisonQuick answers to the most common questions about buying WTTR stock.
Select Water Solutions, Inc.'s current P/E ratio is 84.1x. The historical average is 27.7x. This places it at the 100th percentile of its historical range.
Select Water Solutions, Inc.'s current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
Select Water Solutions, Inc.'s return on equity (ROE) is 2.3%. The historical average is -4.3%.
Based on historical data, Select Water Solutions, Inc. is trading at a P/E of 84.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Select Water Solutions, Inc.'s current dividend yield is 1.93% with a payout ratio of 158.6%.
Select Water Solutions, Inc. has 14.0% gross margin and 2.5% operating margin.
Select Water Solutions, Inc.'s Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.