TakeoverPE & activists

SEISolaris Energy Infrastructure, Inc.

Oil & Gas Field Machinery & Equipment · $2M market cap · 468 employees

2.3×

More likely than average to be taken private

Top 5% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

4of 15 firedHow well they predict deals →
11 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    693% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    4% of revenue
    Over 10% of revenue
  • Payouts exceed cash flowNo
    10% of cash flow
    Buybacks + dividends over cash flow
  • Goodwill-heavyNo
    3% of assets
    Over 40% of assets
  • Low revenue per employeeNo
    $1M · 89th pct
    Bottom quartile of its SIC industry
  • Quiet on AINo
    1.8 per 10K words · 52nd pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    3.6× EBITDA net debt
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $2M market cap
    Market cap $500M–$5B
  • AI-rollup shapedNo
    0 of 10
    10-K business scored 5+ of 10 as an AI-rollup target

Deal filings

FiledFormAcquirerPricePremium
Aug 7, 2024DEFM14A—$8.500%
Jul 26, 2024PREM14A—$8.5016.67%

Key numbers

Revenue
$622MFY2021: $146MFY2022: $300MFY2023: $293MFY2024: $313MFY2025: $622M
99% YoY
Operating margin
21.8%FY2021: -0.3%FY2022: 13.9%FY2023: 17.0%FY2024: 16.9%FY2025: 21.8%
29% YoY
EBITDA
$220MFY2021: $27MFY2022: $72MFY2023: $86MFY2024: $100MFY2025: $220M
120% YoY
Net debt / EBITDA
3.6×
$785M net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$146M$300M$293M$313M$622M 99% FY2021: $146MFY2022: $300MFY2023: $293MFY2024: $313MFY2025: $622M
Operating income−$387K$42M$50M$53M$135M 156% FY2021: −$387KFY2022: $42MFY2023: $50MFY2024: $53MFY2025: $135M
Net income−$868K$21M$24M$16M$30M 91% FY2021: −$868KFY2022: $21MFY2023: $24MFY2024: $16MFY2025: $30M
Operating cash flow$16M$68M$89M$59M$209M 252% FY2021: $16MFY2022: $68MFY2023: $89MFY2024: $59MFY2025: $209M
Capex$20M$81M$64M$188M$647M 243% FY2021: $20MFY2022: $81MFY2023: $64MFY2024: $188MFY2025: $647M
Stock-based comp$5M$6M$8M$11M$23M 121% FY2021: $5MFY2022: $6MFY2023: $8MFY2024: $11MFY2025: $23M
Buybacks——$26M$8M$0 100% FY2023: $26MFY2024: $8MFY2025: $0
Dividends$13M$14M$14M$15M$22M 49% FY2021: $13MFY2022: $14MFY2023: $14MFY2024: $15MFY2025: $22M

13D filers

FiledFilerFormStakeIntent
Nov 6, 2025KTR Management Company, LLCSCHEDULE 13D/A3.9%Active
Aug 8, 2025KTR Management Company, LLCSCHEDULE 13D/A6.1%Active
Jul 30, 2025J Turbines, Inc.SCHEDULE 13D/A3.1%Passive
May 7, 2025J Turbines, Inc.SCHEDULE 13D/A13.4%Passive
Sep 13, 2024KTR Management Company, LLCSC 13D21.1%Active
Sep 13, 2024J. Turbines, Inc.SC 13D21.1%Active

Insider trading

−$405Mnet selling by insiders, open market, last 12 months
Bought $1M · 7 tradesSold $407M · 12 trades

Pay vs performance

No pay-versus-performance disclosure yet.