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Side-by-side financial comparison of KLX Energy Services Holdings, Inc. (KLXE) and Select Water Solutions, Inc. (WTTR). Click either name above to swap in a different company.
Select Water Solutions, Inc. is the larger business by last-quarter revenue ($346.5M vs $156.9M, roughly 2.2× KLX Energy Services Holdings, Inc.). Select Water Solutions, Inc. runs the higher net margin — -0.1% vs -9.6%, a 9.5% gap on every dollar of revenue. On growth, Select Water Solutions, Inc. posted the faster year-over-year revenue change (-0.7% vs -5.2%). KLX Energy Services Holdings, Inc. produced more free cash flow last quarter ($3.1M vs $-6.0M). Over the past eight quarters, Select Water Solutions, Inc.'s revenue compounded faster (-2.8% CAGR vs -5.2%).
KLX Energy Services Holdings, Inc. is a leading provider of mission-critical oilfield services and solutions for the upstream oil and gas industry, primarily operating across key onshore basins in North America. Its core offerings cover drilling support, well completion, production intervention, and specialized wellsite technical services tailored to optimize client operational efficiency and reduce project costs.
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.
KLXE vs WTTR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $156.9M | $346.5M |
| Net Profit | $-15.0M | $-346.0K |
| Gross Margin | 22.5% | 13.1% |
| Operating Margin | -0.6% | -0.1% |
| Net Margin | -9.6% | -0.1% |
| Revenue YoY | -5.2% | -0.7% |
| Net Profit YoY | -2.7% | 78.9% |
| EPS (diluted) | $-0.72 | — |
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.
| Q4 25 | $156.9M | $346.5M | ||
| Q3 25 | $166.7M | $322.2M | ||
| Q2 25 | $159.0M | $364.2M | ||
| Q1 25 | $154.0M | $374.4M | ||
| Q4 24 | $165.5M | $349.0M | ||
| Q3 24 | $188.9M | $371.3M | ||
| Q2 24 | $180.2M | $365.1M | ||
| Q1 24 | $174.7M | $366.5M |
| Q4 25 | $-15.0M | $-346.0K | ||
| Q3 25 | $-14.3M | $2.7M | ||
| Q2 25 | $-19.9M | $10.6M | ||
| Q1 25 | $-27.9M | $8.2M | ||
| Q4 24 | $-14.6M | $-1.6M | ||
| Q3 24 | $-8.2M | $15.8M | ||
| Q2 24 | $-8.0M | $12.9M | ||
| Q1 24 | $-22.2M | $3.6M |
| Q4 25 | 22.5% | 13.1% | ||
| Q3 25 | 21.7% | 13.5% | ||
| Q2 25 | 21.0% | 15.9% | ||
| Q1 25 | 19.6% | 14.9% | ||
| Q4 24 | 23.0% | 12.7% | ||
| Q3 24 | 24.7% | 16.8% | ||
| Q2 24 | 24.5% | 16.5% | ||
| Q1 24 | 17.6% | 14.4% |
| Q4 25 | -0.6% | -0.1% | ||
| Q3 25 | -1.8% | -0.5% | ||
| Q2 25 | -5.5% | 4.2% | ||
| Q1 25 | -11.5% | 4.2% | ||
| Q4 24 | -3.0% | 0.7% | ||
| Q3 24 | 0.6% | 6.6% | ||
| Q2 24 | 0.8% | 5.6% | ||
| Q1 24 | -7.5% | 1.9% |
| Q4 25 | -9.6% | -0.1% | ||
| Q3 25 | -8.6% | 0.8% | ||
| Q2 25 | -12.5% | 2.9% | ||
| Q1 25 | -18.1% | 2.2% | ||
| Q4 24 | -8.8% | -0.5% | ||
| Q3 24 | -4.3% | 4.3% | ||
| Q2 24 | -4.4% | 3.5% | ||
| Q1 24 | -12.7% | 1.0% |
| Q4 25 | $-0.72 | — | ||
| Q3 25 | $-0.74 | — | ||
| Q2 25 | $-1.04 | — | ||
| Q1 25 | $-1.62 | — | ||
| Q4 24 | $-0.89 | — | ||
| Q3 24 | $-0.51 | — | ||
| Q2 24 | $-0.49 | — | ||
| Q1 24 | $-1.38 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.7M | $18.1M |
| Total DebtLower is stronger | $258.3M | $320.0M |
| Stockholders' EquityBook value | $-74.2M | $805.6M |
| Total Assets | $340.3M | $1.6B |
| Debt / EquityLower = less leverage | — | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $18.1M | ||
| Q3 25 | $8.3M | $17.8M | ||
| Q2 25 | $16.7M | $51.2M | ||
| Q1 25 | $14.6M | $27.9M | ||
| Q4 24 | $91.6M | $20.0M | ||
| Q3 24 | $82.7M | $10.9M | ||
| Q2 24 | $86.9M | $16.4M | ||
| Q1 24 | $84.9M | $12.8M |
| Q4 25 | $258.3M | $320.0M | ||
| Q3 25 | $259.2M | $305.0M | ||
| Q2 25 | $258.7M | $275.0M | ||
| Q1 25 | $261.0M | $250.0M | ||
| Q4 24 | $285.1M | $85.0M | ||
| Q3 24 | $285.2M | $80.0M | ||
| Q2 24 | $284.9M | $90.0M | ||
| Q1 24 | $284.6M | $75.0M |
| Q4 25 | $-74.2M | $805.6M | ||
| Q3 25 | $-61.2M | $808.1M | ||
| Q2 25 | $-47.2M | $799.3M | ||
| Q1 25 | $-26.6M | $793.1M | ||
| Q4 24 | $-10.5M | $793.5M | ||
| Q3 24 | $2.5M | $796.5M | ||
| Q2 24 | $9.8M | $782.0M | ||
| Q1 24 | $16.9M | $770.0M |
| Q4 25 | $340.3M | $1.6B | ||
| Q3 25 | $358.2M | $1.6B | ||
| Q2 25 | $369.5M | $1.5B | ||
| Q1 25 | $379.1M | $1.5B | ||
| Q4 24 | $456.3M | $1.4B | ||
| Q3 24 | $486.8M | $1.3B | ||
| Q2 24 | $491.2M | $1.3B | ||
| Q1 24 | $497.5M | $1.3B |
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | 114.08× | 0.10× | ||
| Q2 24 | 29.07× | 0.12× | ||
| Q1 24 | 16.84× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.5M | $65.5M |
| Free Cash FlowOCF − Capex | $3.1M | $-6.0M |
| FCF MarginFCF / Revenue | 2.0% | -1.7% |
| Capex IntensityCapex / Revenue | 6.0% | 20.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.6M | $-79.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $65.5M | ||
| Q3 25 | $13.5M | $71.7M | ||
| Q2 25 | $19.1M | $82.6M | ||
| Q1 25 | $-37.6M | $-5.1M | ||
| Q4 24 | $26.0M | $67.8M | ||
| Q3 24 | $16.8M | $51.9M | ||
| Q2 24 | $22.2M | $83.1M | ||
| Q1 24 | $-10.8M | $32.1M |
| Q4 25 | $3.1M | $-6.0M | ||
| Q3 25 | $1.5M | $-23.5M | ||
| Q2 25 | $6.4M | $3.2M | ||
| Q1 25 | $-52.6M | $-53.5M | ||
| Q4 24 | $10.7M | $12.7M | ||
| Q3 24 | $-4.2M | $16.7M | ||
| Q2 24 | $6.9M | $34.0M | ||
| Q1 24 | $-24.3M | $-1.6M |
| Q4 25 | 2.0% | -1.7% | ||
| Q3 25 | 0.9% | -7.3% | ||
| Q2 25 | 4.0% | 0.9% | ||
| Q1 25 | -34.2% | -14.3% | ||
| Q4 24 | 6.5% | 3.6% | ||
| Q3 24 | -2.2% | 4.5% | ||
| Q2 24 | 3.8% | 9.3% | ||
| Q1 24 | -13.9% | -0.4% |
| Q4 25 | 6.0% | 20.6% | ||
| Q3 25 | 7.2% | 29.6% | ||
| Q2 25 | 8.0% | 21.8% | ||
| Q1 25 | 9.7% | 12.9% | ||
| Q4 24 | 9.2% | 15.8% | ||
| Q3 24 | 11.1% | 9.5% | ||
| Q2 24 | 8.5% | 13.5% | ||
| Q1 24 | 7.7% | 9.2% |
| 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
KLXE
| Northeast | $59.7M | 38% |
| Other | $51.0M | 33% |
| Completion Revenues | $25.9M | 17% |
| Production Revenues | $11.6M | 7% |
| Drilling Revenues | $5.1M | 3% |
| Intervention Revenues | $3.6M | 2% |
WTTR
| Water Services | $178.3M | 51% |
| Marcellus Utica | $38.6M | 11% |
| Rockies | $38.3M | 11% |
| Eagle Ford | $28.2M | 8% |
| Midcon | $23.0M | 7% |
| Haynesville E.Texas | $19.1M | 6% |
| Bakken | $17.3M | 5% |
| Eliminations And Other Geographical Regions | $3.6M | 1% |
