Filing Flows › Select Water Solutions (WTTR) › Q2 2026 › vs Q2 2025
Select Water Solutions (WTTR) Q2 2026 vs Q2 2025 (year over year)
Select Water Solutions's revenue rose $31.6M (+9%) from $364M in Q2 2025 to $396M in Q2 2026. The biggest changes: Chemical Technologies +$28.3M (+42%); Water Infrastructure +$20.8M (+26%); Water Services −$17.5M (-8%). Gross margin 19.4% against 15.9% (+3.6 pts).
Select Water Solutions, Q2 2026: revenue $396M (+9% year over year), operating margin 8.7%, net earnings $21.0M, operating cash flow $86.7M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 19.4% | 15.9% | +3.6 pts |
| Operating margin | 8.7% | 4.2% | +4.4 pts |
| Net margin | 5.3% | 2.9% | +2.4 pts |
| Free cash flow margin | 4.3% | 3.0% | +1.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Water Services | $198M | $216M | −$17.5M | -8% |
| Water Infrastructure | $102M | $80.9M | $20.8M | +26% |
| Chemical Technologies | $96.0M | $67.7M | $28.3M | +42% |
| Revenue | $396M | $364M | $31.6M | +9% |
| Gross profit | $76.8M | $57.8M | $19.1M | +33% |
| Cost of revenue | $319M | $306M | $12.5M | +4% |
| Operating profit | $34.3M | $15.4M | $18.9M | +123% |
| Operating expenses | $42.5M | $42.3M | $169K | +0.4% |
| Pre-tax earnings | $28.9M | $16.2M | $12.7M | +79% |
| Other expense, net | $5.4M | −$767K | $6.2M | — |
| SG&A | $41.2M | $38.9M | $2.2M | +6% |
| Other operating costs | $1.3M | $3.4M | −$2.1M | -61% |
| Net earnings | $21.0M | $10.6M | $10.4M | +98% |
| Minority interests | $1.5M | $1.0M | $503K | +49% |
| Income tax | $6.4M | $4.5M | $1.8M | +41% |
| Depreciation & amortization | $48.4M | $43.0M | $5.5M | +13% |
| Share-based compensation | $8.4M | $3.2M | $5.2M | +162% |
| Working capital & other | $8.9M | $25.8M | −$16.9M | -65% |
| Operating cash flow | $86.7M | $82.6M | $4.2M | +5% |
| Free cash flow (company-reported) | $17.0M | $10.8M | $6.2M | +57% |
| Purchase of property and equipment, net | $69.7M | $71.7M | −$2.0M | -3% |
Questions
How much did Select Water Solutions's revenue grow year over year in Q2 2026?
Select Water Solutions's revenue rose $31.6M (+9%) from $364M in Q2 2025 to $396M in Q2 2026.
What drove Select Water Solutions's revenue change in Q2 2026?
Chemical Technologies +$28.3M (+42%); Water Infrastructure +$20.8M (+26%); Water Services −$17.5M (-8%).