Disclosed are systems and methods for monitoring drilling fluid components in real time. One system includes solids control equipment fluidly coupled to a borehole and configured to receive drilling fluid from the borehole, the solids control equipment having a first optical computing device arranged adjacent the inlet and configured to optically interact with the drilling fluid as it enters the solids control equipment and thereby generate a first output signal corresponding to a characteristic of the drilling fluid, a second optical computing device arranged adjacent the outlet and configured to optically interact with the drilling fluid as it exits the solids control equipment and thereby generate a second output signal corresponding to the characteristic of the drilling fluid, and a signal processor communicably coupled to the first and second optical computing devices and configured to receive the first and second output signals and provide a resulting output signal.