Energy Recovery, Inc.(ERII)Earnings, Financials & Key Ratios

ERII•NASDAQ

$11.61

$613M mkt cap·27.6× P/E·Price updated May 6, 2026

SectorIndustrials IndustryEnvironmental Services Sub-IndustryFiltration and Flow Control Components

AboutEnergy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells various solutions for the seawater reverse osmosis desalination and industrial wastewater treatment industries worldwide. The company operates through Water and Emerging Technologies segments. It offers a suite of products, including energy recovery devices, and high-pressure feed and recirculation pumps; hydraulic turbochargers and boosters; and spare parts, as well as repair, field, and commissioning services. The company also offers a solution to reduce energy consumption in natural gas processing and in refrigeration systems that use carbon dioxide. It provides its products under the ERI, Ultra PX, PX, Pressure Exchanger, PX Pressure Exchanger, PX PowerTrain, VorTeq, IsoBoost, AT, and AquaBold names to large engineering, procurement, and construction firms; end-users and industry consultants; original equipment manufacturers; and aftermarket customers. The company was incorporated in 1992 and is headquartered in San Leandro, California.Show more

Revenue$135M-7.1%
EBITDA$28M+10.8%
Net Income$23M-0.4%
EPS (Diluted)0.42+5.0%
Gross Margin65.17%-2.6%
EBITDA Margin21.02%+19.3%
Operating Margin18.23%+34.0%
Net Margin17.05%+7.2%
ROE11.03%+2.9%
ROIC10.25%+23.6%
Debt/Equity0.05-15.1%

Technical→

ERII Key Insights

Energy Recovery, Inc. (ERII) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Share count reduced 6.3% through buybacks
✓Healthy 5Y average net margin of 16.5%

✗Weaknesses

✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ERII Price & Volume

Energy Recovery, Inc. (ERII) stock price & volume — 10-year historical chart

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ERII Growth Metrics

Energy Recovery, Inc. (ERII) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.66%

5 Years7.9%

3 Years2.36%

TTM-10%

Profit CAGR

10 Years-

5 Years-2.74%

3 Years-1.53%

TTM53.25%

EPS CAGR

10 Years-

5 Years-2.22%

3 Years0%

TTM65.46%

Return on Capital

10 Years8.28%

5 Years9.76%

3 Years9.64%

Last Year11.33%

ERII Recent Earnings

Energy Recovery, Inc. (ERII) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 8/12 qtrs (67%)●Beat Revenue 3/12 qtrs (25%)

Q1 2026Latest

Feb 25, 2026

EPS

$0.53

Est $0.67

-20.9%

Revenue

$67M

Est $83M

-19.0%

Q4 2025

Nov 5, 2025

EPS

$0.12

Est $0.09

+33.3%

Revenue

$32M

Est $83M

-61.3%

Q3 2025

Aug 6, 2025

EPS

$0.07

Est $0.02

+250.0%

Revenue

$28M

Est $43M

-34.5%

Q2 2025

May 7, 2025

EPS

$0.13

Est $0.01

-1200.0%

Revenue

$8M

Est $22M

-63.3%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 25, 2026	$0.53vs $0.67-20.9%	$67Mvs $83M-19.0%
Q4 2025	Nov 5, 2025	$0.12vs $0.09+33.3%	$32Mvs $83M-61.3%
Q3 2025	Aug 6, 2025	$0.07vs $0.02+250.0%	$28Mvs $43M-34.5%
Q2 2025	May 7, 2025	$0.13vs $0.01-1200.0%	$8Mvs $22M-63.3%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
FELEFranklin Electric Co., Inc.Direct Competitor	4.46B	100.98	31.07	5.44%	6.91%	11.44%	0.21
PUMPProPetro Holding Corp.Direct Competitor	1.93B	15.77	2021.79	-12.13%	-1.05%	-1.43%	0.30
HLIOHelios Technologies, Inc.Direct Competitor	2.31B	69.81	48.14	4.11%	5.78%	5.33%	0.12
PNRPentair plcProduct Competitor	12.92B	79.97	20.19	2.28%	15.97%	17.74%	0.42
XYLXylem Inc.Product Competitor	28.19B	118.59	30.25	5.52%	10.7%	8.51%	0.17
MSEXMiddlesex Water CompanyProduct Competitor	950.44M	51.15	21.67	1.47%	22.07%	9.07%	0.85
CWCOConsolidated Water Co. Ltd.Product Competitor	527.15M	33.06		-1.41%	13.88%	0%	0.00
CDZICadiz Inc.Product Competitor	355.67M	4.72	-8.91	382.57%	-206.61%	-119.04%	2.53

Compare ERII vs Peers

Energy Recovery, Inc. (ERII) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FELE

Most directly comparable listed peer for ERII.

Scale Benchmark

vs DHR

Larger-name benchmark to compare ERII against a more recognizable public peer.

Peer Set

Compare Top 5

vs FELE, PUMP, HLIO, PNR

ERII Income Statement

Energy Recovery, Inc. (ERII) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	63.16M	74.52M	72.83M	92.09M	103.9M	125.59M	128.35M	144.95M	134.7M	126.83M
Revenue Growth %	15.43%	17.99%	-2.26%	26.44%	12.83%	20.87%	2.2%	12.93%	-7.07%	-10%
Cost of Goods Sold	19.06M	17.87M	20.34M	28.25M	32.67M	38.23M	41.27M	48.02M	46.92M	43.38M
COGS % of Revenue	30.18%	23.99%	27.92%	30.68%	31.44%	30.44%	32.15%	33.13%	34.83%	-
Gross Profit	44.09M▲ 0%	56.64M▲ 28.5%	52.5M▼ 7.3%	63.84M▲ 21.6%	71.23M▲ 11.6%	87.36M▲ 22.6%	87.08M▼ 0.3%	96.93M▲ 11.3%	87.78M▼ 9.4%	81.83M▲ 0%
Gross Margin %	69.82%	76.01%	72.08%	69.32%	68.56%	69.56%	67.85%	66.87%	65.17%	64.51%
Gross Profit Growth %	19.61%	28.45%	-7.31%	21.61%	11.58%	22.63%	-0.32%	11.32%	-9.44%	-
Operating Expenses	40.82M	46.66M	42.13M	32.55M	57.4M	62.53M	68.03M	77.21M	63.22M	51.19M
OpEx % of Revenue	64.63%	62.62%	57.85%	35.34%	55.25%	49.79%	53%	53.27%	46.94%	-
Selling, General & Admin	26.75M	29.02M	32.27M	33.65M	37.32M	44.62M	51.03M	58.5M	19.35M	38.42M
SG&A % of Revenue	42.35%	38.95%	44.3%	36.54%	35.92%	35.53%	39.76%	40.36%	14.37%	-
Research & Development	13.44M	17.01M	23.4M	23.45M	20.07M	17.91M	17M	16.24M	6.34M	11.93M
R&D % of Revenue	21.29%	22.83%	32.13%	25.46%	19.31%	14.26%	13.25%	11.2%	4.71%	-
Other Operating Expenses	-188K	-80K	-13.53M	-24.55M	12K	0	0	2.48M	37.53M	0
Operating Income	3.28M▲ 0%	9.98M▲ 204.6%	10.36M▲ 3.9%	31.29M▲ 201.9%	13.83M▼ 55.8%	24.83M▲ 79.5%	19.05M▼ 23.3%	19.72M▲ 3.5%	24.55M▲ 24.5%	30.58M▲ 0%
Operating Margin %	5.19%	13.39%	14.23%	33.98%	13.31%	19.77%	14.84%	13.61%	18.23%	24.11%
Operating Income Growth %	817.65%	204.58%	3.87%	201.95%	-55.8%	79.52%	-23.28%	3.54%	24.49%	-
EBITDA	6.94M	13.84M	14.76M	36.59M	19.77M	31.13M	24.8M	25.54M	28.32M	41.11M
EBITDA Margin %	10.99%	18.57%	20.26%	39.74%	19.03%	24.79%	19.32%	17.62%	21.02%	32.41%
EBITDA Growth %	71.96%	99.31%	6.67%	147.94%	-45.97%	57.47%	-20.34%	3.01%	10.85%	72.13%
D&A (Non-Cash Add-back)	3.67M	3.86M	4.39M	5.3M	5.94M	6.3M	5.75M	5.82M	3.76M	10.53M
EBIT	9.25M	11.44M	10.36M	33.63M	13.83M	24.83M	19.05M	22.2M	27.59M	38.16M
Net Interest Income	868K	1.54M	2.01M	913K	204K	908K	3.76M	6.22M	3.61M	2.54M
Interest Income	870K	1.54M	2.01M	913K	204K	908K	3.76M	6.22M	3.61M	2.54M
Interest Expense	2K	1K	0	0	0	0	0	0	0	0
Other Income/Expense	680K	1.46M	1.89M	839K	173K	1.24M	3.65M	6.01M	3.04M	1.96M
Pretax Income	3.96M▲ 0%	11.44M▲ 189.2%	12.26M▲ 7.1%	32.13M▲ 162.2%	14M▼ 56.4%	26.07M▲ 86.2%	22.7M▼ 12.9%	25.73M▲ 13.3%	27.59M▲ 7.2%	39.08M▲ 0%
Pretax Margin %	6.26%	15.35%	16.83%	34.89%	13.48%	20.76%	17.69%	17.75%	20.49%	30.81%
Income Tax	-8.39M	-10.65M	1.34M	5.75M	-265K	2.02M	1.2M	2.69M	4.63M	6.24M
Effective Tax Rate %	-212.18%	-93.12%	10.96%	17.88%	-1.89%	7.76%	5.29%	10.43%	16.79%	15.96%
Net Income	12.35M▲ 0%	22.09M▲ 78.9%	10.91M▼ 50.6%	26.39M▲ 141.8%	14.27M▼ 45.9%	24.05M▲ 68.5%	21.5M▼ 10.6%	23.05M▲ 7.2%	22.96M▼ 0.4%	32.84M▲ 0%
Net Margin %	19.55%	29.65%	14.98%	28.65%	13.73%	19.15%	16.75%	15.9%	17.05%	25.89%
Net Income Growth %	1094.39%	78.89%	-50.6%	141.79%	-45.92%	68.54%	-10.58%	7.19%	-0.38%	53.25%
Net Income (Continuing)	18.35M	22.09M	10.91M	26.39M	14.27M	24.05M	21.5M	23.05M	22.96M	32.84M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.33▲ 0%	0.40▲ 21.2%	0.19▼ 52.5%	0.47▲ 147.4%	0.24▼ 48.9%	0.42▲ 75.0%	0.37▼ 11.9%	0.40▲ 8.1%	0.42▲ 5.0%	-▲ 0%
EPS Growth %	371.43%	21.21%	-52.5%	147.37%	-48.94%	75%	-11.9%	8.11%	5%	65.46%
EPS (Basic)	0.34	0.41	0.20	0.47	0.25	0.43	0.38	0.40	0.43	-
Diluted Shares Outstanding	55.61M	55.34M	56.07M	56.64M	58.72M	57.64M	57.74M	57.82M	54.16M	0
Basic Shares Outstanding	53.7M	53.76M	54.74M	55.71M	56.99M	56.22M	56.44M	57.21M	53.8M	0
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

ERII Balance Sheet

Energy Recovery, Inc. (ERII) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	126.2M	119.65M	112.97M	143.19M	151.76M	157.87M	185.47M	173.66M	181.21M	161.06M
Cash & Short-Term Investments	97.8M	95.29M	85.12M	114.7M	105.69M	89.83M	108.54M	78.02M	75.25M	86.15M
Cash Only	27.78M	21.95M	26.39M	94.25M	74.36M	56.35M	68.1M	29.63M	48.08M	50.12M
Short-Term Investments	70.02M	73.34M	58.74M	20.45M	31.33M	33.48M	40.45M	48.39M	27.17M	36.03M
Accounts Receivable	19.18M	14.29M	13.48M	13.1M	21.11M	36.1M	48.11M	67.48M	76.64M	38.94M
Days Sales Outstanding	110.86	70.02	67.55	51.93	74.15	104.92	136.82	169.92	207.67	141.46
Inventory	5.51M	7.14M	10.32M	11.75M	20.38M	28.37M	26.15M	24.91M	24.26M	30.89M
Days Inventory Outstanding	105.59	145.77	185.18	151.79	227.73	270.79	231.27	189.33	188.71	255.33
Other Current Assets	3.42M	97K	981K	2.65M	2.87M	2.26M	2.18M	1.76M	5.06M	5.08M
Total Non-Current Assets	35.55M	60.19M	75.81M	61.12M	61.93M	59.17M	67.5M	69.14M	50.3M	47.93M
Property, Plant & Equipment	13.39M	26.81M	30.04M	36.27M	35.01M	32.7M	30.17M	25.12M	20.64M	19.95M
Fixed Asset Turnover	4.72x	2.78x	2.42x	2.54x	2.97x	3.84x	4.25x	5.77x	6.53x	6.01x
Goodwill	12.79M	12.79M	12.79M	12.79M	12.79M	12.79M	12.79M	12.79M	12.79M	11.13M
Intangible Assets	1.27M	640K	65K	49K	37K	0	0	0	0	0
Long-Term Investments	182K	1.27M	15.42M	0	2.3M	3.06M	13.83M	21.83M	8.03M	37.71M
Other Non-Current Assets	12K	368K	598K	988K	367K	366K	388K	391K	577K	-6.32M
Total Assets	161.74M▲ 0%	179.84M▲ 11.2%	188.77M▲ 5.0%	204.31M▲ 8.2%	213.69M▲ 4.6%	217.04M▲ 1.6%	252.97M▲ 16.6%	242.79M▼ 4.0%	231.51M▼ 4.6%	208.99M▲ 0%
Asset Turnover	0.39x	0.41x	0.39x	0.45x	0.49x	0.58x	0.51x	0.60x	0.58x	0.59x
Asset Growth %	8.51%	11.19%	4.97%	8.23%	4.59%	1.57%	16.56%	-4.02%	-4.65%	-46.89%
Total Current Liabilities	19.83M	27.13M	27.83M	15.73M	19.79M	18.3M	21.47M	23.43M	17.35M	17.35M
Accounts Payable	4.09M	1.44M	1.19M	1.12M	909K	814K	3M	3.11M	2.11M	2.79M
Days Payables Outstanding	78.34	29.39	21.4	14.45	10.16	7.77	26.53	23.63	16.44	27.54
Short-Term Debt	11K	926K	0	0	0	0	0	0	0	2.59M
Deferred Revenue (Current)	6.42M	16.27M	15.75M	1.55M	3.32M	1.2M	1.1M	571K	0	3.67M
Other Current Liabilities	11.74M	3.46M	3.83M	760K	0	968K	1.06M	1.09M	10.31M	14.76M
Current Ratio	6.36x	4.41x	4.06x	9.10x	7.67x	8.63x	8.64x	7.41x	10.44x	10.44x
Quick Ratio	6.08x	4.15x	3.69x	8.36x	6.64x	7.08x	7.42x	6.35x	9.04x	9.04x
Cash Conversion Cycle	138.11	186.41	231.34	189.27	291.72	367.94	341.55	335.62	379.93	369.25
Total Non-Current Liabilities	59.38M	39.33M	24.93M	16.96M	15.13M	13.4M	11.7M	9.35M	7.97M	7.35M
Long-Term Debt	16K	0	0	0	0	0	0	0	0	6.25M
Capital Lease Obligations	1.7M	12.56M	11.53M	16.44M	14.88M	13.28M	11.49M	9.3M	6.9M	22.57M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	236K	278K	430K	247K	121K	207K	57K	1.07M	2.32M
Total Liabilities	79.21M	66.46M	52.76M	32.69M	34.91M	31.7M	33.17M	32.78M	25.32M	24.7M
Total Debt	27K	13.48M	12.56M	17.69M	16.44M	14.88M	13.28M	11.32M	9.43M	8.85M
Net Debt	-27.75M	-8.47M	-13.83M	-76.57M	-57.91M	-41.48M	-54.82M	-18.31M	-38.65M	-41.27M
Debt / Equity	0.00x	0.12x	0.09x	0.10x	0.09x	0.08x	0.06x	0.05x	0.05x	0.05x
Debt / EBITDA	0.00x	0.97x	0.85x	0.48x	0.83x	0.48x	0.54x	0.44x	0.33x	0.22x
Net Debt / EBITDA	-4.00x	-0.61x	-0.94x	-2.09x	-2.93x	-1.33x	-2.21x	-0.72x	-1.36x	-1.36x
Interest Coverage	4624.50x	11441.00x	-	-	-	-	-	-	-	-
Total Equity	82.53M▲ 0%	113.38M▲ 37.4%	136.01M▲ 20.0%	171.62M▲ 26.2%	178.78M▲ 4.2%	185.34M▲ 3.7%	219.81M▲ 18.6%	210.01M▼ 4.5%	206.19M▼ 1.8%	184.28M▲ 0%
Equity Growth %	26.71%	37.38%	19.96%	26.18%	4.17%	3.67%	18.6%	-4.46%	-1.82%	-46.72%
Book Value per Share	1.48	2.05	2.43	3.03	3.04	3.22	3.81	3.63	3.81	3.81
Total Shareholders' Equity	82.53M	113.38M	136.01M	171.62M	178.78M	185.34M	219.81M	210.01M	206.19M	184.28M
Common Stock	58K	59K	61K	62K	64K	64K	65K	66K	67K	67K
Retained Earnings	-45.92M	-14.47M	-3.55M	22.83M	37.1M	61.15M	82.66M	105.71M	128.67M	116.42M
Treasury Stock	-20.49M	-30.49M	-30.49M	-30.49M	-53.83M	-80.49M	-80.49M	-130.87M	-166.85M	0
Accumulated OCI	-125K	-133K	-37K	53K	-149K	-349K	-44K	98K	-94K	-285K
Minority Interest	0	0	0	0	0	0	0	0	0	0

ERII Cash Flow Statement

Energy Recovery, Inc. (ERII) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	2.9M	7.57M	5.27M	16.87M	13.53M	12.63M	26.05M	20.52M	18.77M	18.77M
Operating CF Margin %	4.58%	10.15%	7.23%	18.32%	13.02%	10.06%	20.3%	14.16%	13.93%	-
Operating CF Growth %	-41.69%	161.31%	-30.36%	220.24%	-19.82%	-6.62%	106.27%	-21.23%	-8.54%	23.14%
Net Income	12.35M	22.09M	10.91M	26.39M	14.27M	24.05M	21.5M	23.05M	22.96M	32.84M
Depreciation & Amortization	3.67M	3.87M	4.39M	5.3M	5.94M	6.3M	5.75M	5.82M	3.43M	11.43M
Stock-Based Compensation	4.09M	5.24M	5.68M	4.79M	6.06M	6.51M	8.04M	10.32M	7.72M	19.69M
Deferred Taxes	-8.87M	-10.38M	1.42M	5.87M	-391K	1.16M	-61K	1.32M	737K	-3.15M
Other Non-Cash Items	710K	1.44M	559K	3.12M	1.52M	479K	164K	-1.25M	55K	15.39M
Working Capital Changes	-9.05M	-14.69M	-17.7M	-28.59M	-13.87M	-25.86M	-9.34M	-18.74M	-16.14M	-34.8M
Change in Receivables	-761K	1.92M	-2.68M	1.1M	-8.82M	-13.48M	-12.87M	-17.21M	-11.56M	-5.9M
Change in Inventory	-1.25M	-1.87M	-3.26M	-1.62M	-8.77M	-8.28M	1.35M	1.2M	7K	9.28M
Change in Payables	2.12M	-2.27M	-373K	-205K	-155K	138K	2.63M	787K	-1.46M	-1.08M
Cash from Investing	-37.37M	-10.16M	-6.88M	46.6M	-20.56M	-6.95M	-19.11M	-15.65M	33.98M	13.71M
Capital Expenditures	-7.38M	-5.24M	-7.38M	-6.79M	-6.68M	-3.13M	-2.57M	-1.3M	-1.33M	-1.95M
CapEx % of Revenue	11.68%	7.03%	10.14%	7.37%	6.43%	2.49%	2%	0.9%	0.99%	-
Acquisitions	0	5.24M	7.38M	6.79M	6.68M	1.1M	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.54M	-5.24M	-7.38M	-6.79M	-6.68M	-40.86M	87K	133K	10K	-84.39M
Cash from Financing	951K	-5.89M	5.96M	4.37M	-12.79M	-23.67M	4.79M	-43.28M	-34.53M	-42.04M
Debt Issued (Net)	-11K	-27K	0	0	0	0	0	0	0	0
Equity Issued (Net)	1.23M	-5.71M	6.07M	4.4M	-12.79M	-23.67M	4.79M	-43.28M	-33.83M	-29.95M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-4.28M	-10M	0	0	-23.35M	-26.65M	0	-50.38M	-35.62M	-41.79M
Other Financing	-270K	-150K	-110K	-23K	0	0	0	0	-707K	-12.08M
Net Change in Cash	-33.58M▲ 0%	-8.49M▲ 74.7%	4.35M▲ 151.2%	67.87M▲ 1460.2%	-19.9M▼ 129.3%	-18M▲ 9.5%	11.77M▲ 165.4%	-38.47M▼ 426.9%	18.32M▲ 147.6%	979K▲ 0%
Free Cash Flow	-4.48M▲ 0%	2.33M▲ 152.0%	-2.11M▼ 190.7%	10.09M▲ 577.1%	6.85M▼ 32.1%	9.5M▲ 38.8%	23.49M▲ 147.2%	19.22M▼ 18.2%	17.44M▼ 9.3%	27.18M▲ 0%
FCF Margin %	-7.1%	3.13%	-2.9%	10.95%	6.59%	7.56%	18.3%	13.26%	12.95%	21.43%
FCF Growth %	-216.3%	152%	-190.73%	577.06%	-32.11%	38.76%	147.21%	-18.15%	-9.28%	13.05%
FCF per Share	-0.08	0.04	-0.04	0.18	0.12	0.16	0.41	0.33	0.32	0.32
FCF Conversion (FCF/Net Income)	0.23x	0.34x	0.48x	0.64x	0.95x	0.53x	1.21x	0.89x	0.82x	0.83x
Interest Paid	2K	1K	0	0	0	0	0	0	0	0
Taxes Paid	57K	610K	52K	52K	76K	549K	505K	1.55M	0	0

ERII Key Ratios

Energy Recovery, Inc. (ERII) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	16.73%	22.55%	8.75%	17.15%	8.14%	13.21%	10.62%	10.73%	11.03%	17.36%
Return on Invested Capital (ROIC)	8.39%	9.37%	6.85%	21.61%	9.61%	14.07%	9.25%	8.29%	10.25%	10.25%
Gross Margin	69.82%	76.01%	72.08%	69.32%	68.56%	69.56%	67.85%	66.87%	65.17%	64.51%
Net Margin	19.55%	29.65%	14.98%	28.65%	13.73%	19.15%	16.75%	15.9%	17.05%	25.89%
Debt / Equity	0.00x	0.12x	0.09x	0.10x	0.09x	0.08x	0.06x	0.05x	0.05x	0.05x
Interest Coverage	4624.50x	11441.00x	-	-	-	-	-	-	-	-
FCF Conversion	0.23x	0.34x	0.48x	0.64x	0.95x	0.53x	1.21x	0.89x	0.82x	0.83x
Revenue Growth	15.43%	17.99%	-2.26%	26.44%	12.83%	20.87%	2.2%	12.93%	-7.07%	-10%

ERII SEC Filings & Documents

Energy Recovery, Inc. (ERII) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 6, 2026·SEC

Material company update

Feb 25, 2026·SEC

Material company update

Nov 5, 2025·SEC

10-K Annual Reports

FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

ERII Frequently Asked Questions

Energy Recovery, Inc. (ERII) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Energy Recovery, Inc. (ERII) reported $126.8M in revenue for fiscal year 2025. This represents a 532% increase from $20.1M in 2006.

Energy Recovery, Inc. (ERII) saw revenue decline by 7.1% over the past year.

Yes, Energy Recovery, Inc. (ERII) is profitable, generating $32.8M in net income for fiscal year 2025 (17.0% net margin).

Dividend & Returns

Energy Recovery, Inc. (ERII) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.

Energy Recovery, Inc. (ERII) generated $27.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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