Filing Flows › Select Water Solutions (WTTR) › How it makes money
How Select Water Solutions (WTTR) makes money
Select Water Solutions (WTTR) made $396M of revenue in the second quarter 2026 (Q2 2026), +9% from a year earlier. Water Services brought in $198M (50%); Water Infrastructure brought in $102M (26%); Chemical Technologies brought in $96.0M (24%). Of every dollar of revenue, 19¢ was left as gross profit, 9¢ was left as operating profit, 5¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Water Services | $198M | 50.1% | +4% | -8% |
| Water Infrastructure | $102M | 25.7% | +5% | +26% |
| Chemical Technologies | $96.0M | 24.3% | +23% | +42% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $396M | 100.0% |
| Cost of revenue | $319M | 80.6% |
| Gross profit | $76.8M | 19.4% |
| Operating expenses | $42.5M | 10.7% |
| Operating profit | $34.3M | 8.7% |
| Income tax | $6.4M | 1.6% |
| Net earnings | $21.0M | 5.3% |
| Operating cash flow | $86.7M | 21.9% |
| Free cash flow | $17.0M | 4.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $396M | +9% |
| Q1 2026 | $366M | -2% |
| Q4 2025 | $347M | -0.7% |
| Q3 2025 | $322M | -13% |
| Q2 2025 | $364M | -0.3% |
| Q1 2025 | $374M | +2% |
| Q4 2024 | $349M | -7% |
From Select Water Solutions' 10-Q filed Aug 5, 2026 (on EDGAR).
Questions
How does Select Water Solutions make money?
Select Water Solutions (WTTR) made $396M of revenue in the second quarter 2026 (Q2 2026), +9% from a year earlier. Water Services brought in $198M (50%); Water Infrastructure brought in $102M (26%); Chemical Technologies brought in $96.0M (24%). Of every dollar of revenue, 19¢ was left as gross profit, 9¢ was left as operating profit, 5¢ was left as net earnings.
What is Select Water Solutions' biggest business?
Water Services: $198M in the second quarter 2026, 50% of revenue, -8% from a year earlier.
What is Select Water Solutions' profit margin?
Net earnings were $21.0M, 5.3% of revenue, in the second quarter 2026; the operating margin was 8.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.