Select Water Solutions, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.45B | $1.59B | $1.39B | $764.6M | $605.1M | $1.29B | $1.53B |
| Cost of Revenue | $1.20B | $1.23B | $1.35B | $1.23B | $743.8M | $634.4M | $1.14B | $1.33B |
| Gross Profit | $202.4M | $219.5M | $231.7M | $160.8M | $20.9M | $-29.3M | $148.7M | $198.5M |
| Gross Margin | 14.4% | 15.1% | 14.6% | 11.6% | 2.7% | -4.8% | 11.5% | 13.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $161.3M | $160.0M | $155.5M | $118.9M | $83.1M | $74.4M | $111.6M | $103.2M |
| Operating Income | $28.8M | $54.5M | $61.2M | $39.2M | $-65.5M | $-394.8M | $23.1M | $61.7M |
| Operating Margin | 2.0% | 3.8% | 3.9% | 2.8% | -8.6% | -65.2% | 1.8% | 4.0% |
| Interest Expense | — | — | $4.4M | $2.7M | $1.7M | $2.1M | $2.7M | $5.3M |
| Pretax Income | $19.9M | $49.0M | $19.0M | $56.7M | $-49.7M | $-403.2M | $6.1M | $56.0M |
| Income Tax Expense | $-1.6M | $13.6M | $-60.2M | $957.0K | $147.0K | $-1.5M | $1.9M | $1.7M |
| Net Income | $21.2M | $30.6M | $74.4M | $48.3M | $-42.2M | $-338.7M | $2.8M | $36.5M |
| Net Margin | 1.5% | 2.1% | 4.7% | 3.5% | -5.5% | -56.0% | 0.2% | 2.4% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | — | — | — | — | — | — | — | — |
| Dividends Per Share | — | — | — | $0.05 | — | — | — | — |