Filing Flows › Select Water Solutions (WTTR) › Q3 2026 › vs Q3 2025
Select Water Solutions (WTTR) Q3 2026 vs Q3 2025 (year over year)
Select Water Solutions's revenue rose $89.9M (+28%) from $322M in Q3 2025 to $412M in Q3 2026. The biggest changes: Water Services +$45.4M (+27%); Water Infrastructure +$31.3M (+40%); Chemical Technologies +$13.2M (+17%). Gross margin 19.7% against 13.5% (+6.2 pts).
Select Water Solutions, Q3 2026: revenue $412M (+28% year over year), operating margin 6.5%, net earnings $20.6M, operating cash flow $84.4M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 19.7% | 13.5% | +6.2 pts |
| Operating margin | 6.5% | -0.5% | +7.1 pts |
| Net margin | 5.0% | 0.8% | +4.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Water Services | $212M | $167M | $45.4M | +27% |
| Water Infrastructure | $110M | $78.8M | $31.3M | +40% |
| Chemical Technologies | $89.8M | $76.6M | $13.2M | +17% |
| Revenue | $412M | $322M | $89.9M | +28% |
| Gross profit | $81.4M | $43.6M | $37.8M | +87% |
| Cost of revenue | $331M | $279M | $52.1M | +19% |
| Other income, net | $5.1M | $4.5M | $584K | +13% |
| Operating profit | $26.9M | −$1.8M | $28.7M | — |
| Operating expenses | $54.5M | $45.3M | $9.2M | +20% |
| Pre-tax earnings | $32.0M | $2.7M | $29.2M | 12× |
| SG&A | $53.6M | $41.7M | $11.9M | +29% |
| Other operating costs | $896K | $3.7M | −$2.8M | -75% |
| Net earnings | $20.6M | $2.7M | $17.9M | +668% |
| Minority interests | $2.3M | −$389K | $2.7M | — |
| Income tax | $9.0M | $434K | $8.6M | 21× |
| Depreciation & amortization | $49.0M | $44.9M | $4.1M | +9% |
| Share-based compensation | $8.3M | $7.4M | $938K | +13% |
| Working capital & other | $6.5M | $16.7M | −$10.2M | -61% |
| Operating cash flow | $84.4M | $71.7M | $12.7M | +18% |
| Capital expenditures | $89.5M | $95.2M | −$5.7M | -6% |
| Negative free cash flow (OCF − capex) | $5.1M | $23.5M | −$18.4M | -78% |
Questions
How much did Select Water Solutions's revenue grow year over year in Q3 2026?
Select Water Solutions's revenue rose $89.9M (+28%) from $322M in Q3 2025 to $412M in Q3 2026.
What drove Select Water Solutions's revenue change in Q3 2026?
Water Services +$45.4M (+27%); Water Infrastructure +$31.3M (+40%); Chemical Technologies +$13.2M (+17%).