Select Water Valuation Multiples

Select Water Overview

About Select Water

Select Water Solutions Inc provides sustainable water-management solutions to the energy industry in the United States. These solutions are supported by the company's critical water infrastructure assets, chemical manufacturing, and water treatment and recycling capabilities. The company's reportable segments are Water Services, Water Infrastructure, and Chemical Technologies. It generates maximum revenue from the Water Services segment, which comprises its short-cycle, field-based service offerings, including water transfer, water sourcing, fluids hauling, monitoring, containment, water-network automation, and the services associated with Peak Rentals. This segment earns revenue via market-based day rates, time-and-materials, or per-barrel delivered under MSAs and short-term work orders.

Founded

2016

HQ

Employees

3.3K

Website

selectwater.com

Sectors

Oil & GasEnergy Services

Financials (LTM)

Revenue: $1B

EBITDA: $269M

EV

$2B

Valuation Multiples

Multiples.vc

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Select Water Financials

Select Water reported last 12-month revenue of $1B and EBITDA of $269M.

In the same LTM period, Select Water generated $274M in gross profit, $269M in EBITDA, and $25M in net income.

Select Water P&L

In the most recent fiscal year, Select Water reported revenue of $1B and EBITDA of $260M.

Select Water expects next 12-month revenue of XXX and NTM EBITDA of XXX

Select Water Stock Performance

Select Water has current market cap of $2B, and enterprise value of $2B.

Select Water's stock price is $14.87.

Select Water Valuation Multiples

Select Water trades at 1.5x EV/Revenue multiple, and 8.0x EV/EBITDA.

Select Water Financial Valuation Multiples

As of April 20, 2026, Select Water has market cap of $2B and EV of $2B.

Equity research analysts estimate Select Water's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Select Water has a P/E ratio of 71.9x.

Select Water Margins & Growth Rates

Select Water's revenue in the last 12 month grew by 2%.

Select Water's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Select Water's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Select Water's rule of X is 21% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Select Water Public Comps

See public comps and valuation multiples for other Oil & Gas and Energy Services comps.

Select Water M&A Activity

Select Water acquired XXX companies to date.

Last acquisition by Select Water was on XXXXXXXX, XXXXX. Select Water acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Select Water Investment Activity

Select Water invested in XXX companies to date.

Select Water made its latest investment on XXXXXXXX, XXXXX. Select Water invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).