Is Select Water Solutions, Inc. (WTTR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 18.9% / 30% | 1.0% / 30% | 14.1% / 30% | 0.86% / 5% | ✓ HALAL |
| DJIM | 18.9% / 33% | 1.0% / 33% | 14.1% / 33% | 0.86% / 5% | ✓ HALAL |
| MSCI | 22.1% / 33% | 1.1% / 33% | 16.5% / 33% | 0.86% / 5% | ✓ HALAL |
| S&P | 18.9% / 33% | 1.0% / 33% | 14.1% / 33% | 0.86% / 5% | ✓ HALAL |
| FTSE | 22.1% / 33% | 1.1% / 33% | 16.5% / 50% | 0.86% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 26.8% | |
| Operating Margin | -1.0% | |
| Net Margin | 1.5% | |
| Return on Equity (ROE) | 2.3% | |
| Return on Assets (ROA) | 1.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $215M |
| Free Cash Flow | -$80M |
| Total Debt | $353M |
| Debt-to-Equity | 38.2 |
| Current Ratio | 1.6 |
| Total Assets | $1.6B |
Price & Trading
| Last Close | $15.59 |
| 50-Day MA | $13.30 |
| 200-Day MA | $10.79 |
| Avg Volume | 1.3M |
| Beta | 1.0 |
|
52-Week Range
$7.20
| |
About Select Water Solutions, Inc. (WTTR)
Select Water Solutions, Inc. provides water management solutions to the energy industry in the United States. It operates in three segments: Water Infrastructure, Water Services, and Chemical Technologies. Its Water Infrastructure segment engages in the recycling, gathering, transferring, and disposal of water through a network of permanent pipeline infrastructure, water recycling and treatment facilities, water storage facilities, and SWDs and landfills; fluid disposals; pipelines and logistics; and solid management services. The Water Services segment offers water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; AquaView automation services; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services; and various surface rental equipment and workforce accommodation services. The Chemical Technologies segment offers technical solutions, products, and services related to chemical applications in the oil and gas industry; and water treatment and flow assurance solutions. This segment also develops, manufactures, manages logistics, and provides chemicals, including polymers for use in hydraulic fracturing, stimulation, cementing, and well completions; and offers production chemical solutions for underperforming wells, corrosion and scale monitoring, chemical inventory management, well failure analysis, and lab services. It serves oil and gas producers. The company was formerly known as Select Energy Services, Inc. and changed its name to Select Water Solutions, Inc. in May 2023. Select Water Solutions, Inc. was founded in 2008 and is headquartered in Gainesville, Texas.
Purification Calculator
As a halal stock with 0.86% impermissible income, you need to purify your dividends.
Related Halal Stocks in Energy
Frequently Asked Questions
Is Select Water Solutions, Inc. (WTTR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Select Water Solutions, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Select Water Solutions, Inc.'s debt ratio?
Select Water Solutions, Inc.'s debt ratio is 18.9% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 22.1%.
Does Select Water Solutions, Inc. require dividend purification?
Yes, Select Water Solutions, Inc. has an impermissible income ratio of 0.86%, which means 0.86% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Select Water Solutions, Inc.'s key financial metrics?
Select Water Solutions, Inc. has a market capitalization of $2.2B, trailing P/E ratio of 74.3, and revenue of $1.4B. The company maintains a gross margin of 26.8% and a net margin of 1.5%. Return on equity stands at 2.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.