Flagship explainer

How SELECT WATER SOLUTIONS, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.4B · 100%Cost of revenue$1.2B · 86%Gross profit$202M · 14%Operating income$28.8M · 2%Income before tax$19.9M · 1%Income tax−$1.6M · −0%Net income$21.2M · 2%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.4B100%
Cost of revenue$1.2B86%
$202M14%
$28.8M2%
Income before tax$19.9M1%
Income tax−$1.6M−0%
$21.2M2%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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