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Select Water Solutions vs Hornbeck Offshore Services: WTTR and HOS compared
Select Water Solutions is the larger company: $396M of revenue in its latest quarter (Q2 2026) against $304M for Hornbeck Offshore Services (Q2 2026). Hornbeck Offshore Services is growing faster (+21% against +9% a year earlier). Hornbeck Offshore Services is more profitable, with an operating margin of 8.8% against 8.7%.
Where the money goes: WTTR and HOS
Select Water Solutions (WTTR) · Q2 2026
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 follows the revenue to costs, profit and cash.
Hornbeck Offshore Services (HOS) · Q2 2026
Hornbeck Offshore Services, Q2 2026: revenue $304M (+21% year over year), operating margin 8.8%, net earnings $22.7M, operating cash flow $53.9M. The chart follows the revenue to costs, profit and cash.
| Select Water Solutions (WTTR) | Hornbeck Offshore Services (HOS) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $396M | $304M |
| Revenue growth, Y/Y | +9% | +21% |
| Gross margin | 19.4% | 18.5% |
| Operating margin | 8.7% | 8.8% |
| Net earnings | $21.0M | $22.7M |
| Net margin | 5.3% | 7.5% |
| Operating cash flow | $86.7M | $53.9M |
| Free cash flow | $17.0M | $46.7M |
| Market value | $653M | — |
| P/E | 17.2× | — |
| Analysts’ mean target | $25.00 | — |
Where the revenue comes from
Select Water Solutions
- Water Services: $198M (50%)
- Water Infrastructure: $102M (26%)
- Chemical Technologies: $96.0M (24%)
Hornbeck Offshore Services
- Decommissioning: $139M (46%)
- Production maximization: $115M (38%)
- Renewables: $47.5M (16%)
- Other: $3.0M (1%)
Questions
Which is bigger, Select Water Solutions or Hornbeck Offshore Services?
Select Water Solutions is the larger company: $396M of revenue in its latest quarter (Q2 2026) against $304M for Hornbeck Offshore Services (Q2 2026).
Is Select Water Solutions or Hornbeck Offshore Services growing faster?
Hornbeck Offshore Services is growing faster (+21% against +9% a year earlier).
Which is more profitable, Select Water Solutions or Hornbeck Offshore Services?
Hornbeck Offshore Services is more profitable, with an operating margin of 8.8% against 8.7%.
More: Select Water Solutions earnings · how Select Water Solutions makes money · Hornbeck Offshore Services earnings · how Hornbeck Offshore Services makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.