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Side-by-side financial comparison of Global-E Online Ltd. (GLBE) and Select Water Solutions, Inc. (WTTR). Click either name above to swap in a different company.

Global-E Online Ltd. is the larger business by last-quarter revenue ($625.5M vs $346.5M, roughly 1.8× Select Water Solutions, Inc.). Global-E Online Ltd. runs the higher net margin — 0.9% vs -0.1%, a 1.0% gap on every dollar of revenue.

Global-E Online Ltd. operates a leading cross-border e-commerce enablement platform that helps direct-to-consumer brands and retail enterprises expand their international sales reach. It offers end-to-end services including localized checkout, payment processing, customs clearance, logistics coordination, and duty calculation, serving clients across North America, Europe, and the Asia-Pacific region.

Select Water Solutions, Inc. is a leading provider of end-to-end water management, fluid handling, and environmental sustainability services primarily catering to the North American onshore oil and gas exploration and production sector. Its core offerings include water sourcing, treatment, recycling, disposal, and chemical solutions to help clients cut operational costs and reduce environmental footprint.

GLBE vs WTTR — Head-to-Head

Bigger by revenue
GLBE
GLBE
1.8× larger
GLBE
$625.5M
$346.5M
WTTR
Higher net margin
GLBE
GLBE
1.0% more per $
GLBE
0.9%
-0.1%
WTTR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GLBE
GLBE
WTTR
WTTR
Revenue
$625.5M
$346.5M
Net Profit
$5.8M
$-346.0K
Gross Margin
45.0%
13.1%
Operating Margin
1.3%
-0.1%
Net Margin
0.9%
-0.1%
Revenue YoY
-0.7%
Net Profit YoY
78.9%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GLBE
GLBE
WTTR
WTTR
Q4 25
$346.5M
Q3 25
$625.5M
$322.2M
Q2 25
$404.8M
$364.2M
Q1 25
$189.9M
$374.4M
Q4 24
$349.0M
Q3 24
$489.9M
$371.3M
Q2 24
$313.9M
$365.1M
Q1 24
$145.9M
$366.5M
Net Profit
GLBE
GLBE
WTTR
WTTR
Q4 25
$-346.0K
Q3 25
$5.8M
$2.7M
Q2 25
$-7.4M
$10.6M
Q1 25
$8.2M
Q4 24
$-1.6M
Q3 24
$-77.1M
$15.8M
Q2 24
$-54.5M
$12.9M
Q1 24
$3.6M
Gross Margin
GLBE
GLBE
WTTR
WTTR
Q4 25
13.1%
Q3 25
45.0%
13.5%
Q2 25
44.9%
15.9%
Q1 25
44.3%
14.9%
Q4 24
12.7%
Q3 24
45.1%
16.8%
Q2 24
44.8%
16.5%
Q1 24
43.4%
14.4%
Operating Margin
GLBE
GLBE
WTTR
WTTR
Q4 25
-0.1%
Q3 25
1.3%
-0.5%
Q2 25
-2.1%
4.2%
Q1 25
-10.1%
4.2%
Q4 24
0.7%
Q3 24
-14.9%
6.6%
Q2 24
-16.6%
5.6%
Q1 24
-20.1%
1.9%
Net Margin
GLBE
GLBE
WTTR
WTTR
Q4 25
-0.1%
Q3 25
0.9%
0.8%
Q2 25
-1.8%
2.9%
Q1 25
2.2%
Q4 24
-0.5%
Q3 24
-15.7%
4.3%
Q2 24
-17.4%
3.5%
Q1 24
1.0%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GLBE
GLBE
WTTR
WTTR
Cash + ST InvestmentsLiquidity on hand
$251.4M
$18.1M
Total DebtLower is stronger
$320.0M
Stockholders' EquityBook value
$933.0M
$805.6M
Total Assets
$1.3B
$1.6B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLBE
GLBE
WTTR
WTTR
Q4 25
$18.1M
Q3 25
$251.4M
$17.8M
Q2 25
$205.2M
$51.2M
Q1 25
$207.7M
$27.9M
Q4 24
$20.0M
Q3 24
$207.3M
$10.9M
Q2 24
$229.8M
$16.4M
Q1 24
$181.9M
$12.8M
Total Debt
GLBE
GLBE
WTTR
WTTR
Q4 25
$320.0M
Q3 25
$305.0M
Q2 25
$275.0M
Q1 25
$250.0M
Q4 24
$85.0M
Q3 24
$80.0M
Q2 24
$90.0M
Q1 24
$75.0M
Stockholders' Equity
GLBE
GLBE
WTTR
WTTR
Q4 25
$805.6M
Q3 25
$933.0M
$808.1M
Q2 25
$909.1M
$799.3M
Q1 25
$884.3M
$793.1M
Q4 24
$793.5M
Q3 24
$869.4M
$796.5M
Q2 24
$878.7M
$782.0M
Q1 24
$886.9M
$770.0M
Total Assets
GLBE
GLBE
WTTR
WTTR
Q4 25
$1.6B
Q3 25
$1.3B
$1.6B
Q2 25
$1.2B
$1.5B
Q1 25
$1.2B
$1.5B
Q4 24
$1.4B
Q3 24
$1.2B
$1.3B
Q2 24
$1.1B
$1.3B
Q1 24
$1.1B
$1.3B
Debt / Equity
GLBE
GLBE
WTTR
WTTR
Q4 25
0.40×
Q3 25
0.38×
Q2 25
0.34×
Q1 25
0.32×
Q4 24
0.11×
Q3 24
0.10×
Q2 24
0.12×
Q1 24
0.10×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GLBE
GLBE
WTTR
WTTR
Operating Cash FlowLast quarter
$65.5M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-1.7%
Capex IntensityCapex / Revenue
20.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-79.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLBE
GLBE
WTTR
WTTR
Q4 25
$65.5M
Q3 25
$71.7M
Q2 25
$82.6M
Q1 25
$-5.1M
Q4 24
$67.8M
Q3 24
$51.9M
Q2 24
$83.1M
Q1 24
$32.1M
Free Cash Flow
GLBE
GLBE
WTTR
WTTR
Q4 25
$-6.0M
Q3 25
$-23.5M
Q2 25
$3.2M
Q1 25
$-53.5M
Q4 24
$12.7M
Q3 24
$16.7M
Q2 24
$34.0M
Q1 24
$-1.6M
FCF Margin
GLBE
GLBE
WTTR
WTTR
Q4 25
-1.7%
Q3 25
-7.3%
Q2 25
0.9%
Q1 25
-14.3%
Q4 24
3.6%
Q3 24
4.5%
Q2 24
9.3%
Q1 24
-0.4%
Capex Intensity
GLBE
GLBE
WTTR
WTTR
Q4 25
20.6%
Q3 25
29.6%
Q2 25
21.8%
Q1 25
12.9%
Q4 24
15.8%
Q3 24
9.5%
Q2 24
13.5%
Q1 24
9.2%
Cash Conversion
GLBE
GLBE
WTTR
WTTR
Q4 25
Q3 25
26.72×
Q2 25
7.76×
Q1 25
-0.61×
Q4 24
Q3 24
3.29×
Q2 24
6.46×
Q1 24
8.86×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GLBE
GLBE

Segment breakdown not available.

WTTR
WTTR

Water Services$178.3M51%
Marcellus Utica$38.6M11%
Rockies$38.3M11%
Eagle Ford$28.2M8%
Midcon$23.0M7%
Haynesville E.Texas$19.1M6%
Bakken$17.3M5%
Eliminations And Other Geographical Regions$3.6M1%

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