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Energy Recovery, Inc.(ERII)Earnings, Financials & Key Ratios
ERII•NASDAQ
22.4× P/E·Price updated Jun 19, 2026
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%
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
- ✗Weak momentum: RS Rating 17 (bottom 17%)
- ✗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.
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ERII Price & Volume
Energy Recovery, Inc. (ERII) stock price & volume — 10-year historical chart
Loading chart...
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-3.25%
Profit CAGR
10 Years-
5 Years-2.74%
3 Years-1.53%
TTM-3.92%
EPS CAGR
10 Years-
5 Years-2.22%
3 Years0%
TTM3.09%
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
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.23-130.0%
$0.10
Rev
$10M+15.9%
$8M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.53-20.9%
$0.67
Rev
$67M-19.0%
$83M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.12+33.3%
$0.09
Rev
$32M-61.3%
$83M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.07+250.0%
$0.02
Rev
$28M-34.5%
$43M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.23vs $0.10-130.0% | $10Mvs $8M+15.9% |
| Q1 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
ERII Peer Comparison
Energy Recovery, Inc. (ERII) competitors in Filtration and Flow Control Components — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FELE | 4.6B | 104.20 | 32.06 | 5.44% | 6.91% | 11.44% | 0.21 | |
 PUMP | 1.81B | 14.75 | 1891.03 | -12.13% | -1.05% | -1.43% | 0.30 | |
 HLIO | 2.99B | 90.49 | 62.41 | 4.11% | 6.98% | 6.59% | 0.12 | |
 PNR | 12.01B | 74.32 | 18.77 | 2.28% | 15.97% | 17.74% | 0.42 | |
 XYL | 26.48B | 111.42 | 28.42 | 5.52% | 10.7% | 8.51% | 0.17 | |
 MSEX | 967.35M | 52.06 | 22.06 | 1.47% | 22.07% | 9.07% | 0.85 | |
 CWCO | 478.25M | 29.89 | 26.22 | -1.41% | 13.5% | 7.67% | 0.01 | |
 CDZI | 342.23M | 4.07 | -8.48 | 69.79% | -221.35% | -129.91% | 4.48 |
Compare ERII vs Peers
Energy Recovery, Inc. (ERII) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ERII Income Statement
Energy Recovery, Inc. (ERII) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | 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 | 136.34M |
Revenue Growth % | 15.43% | 17.99% | -2.26% | 26.44% | 12.83% | 20.87% | 2.2% | 12.93% | -7.07% | -3.25% |
Cost of Goods Sold | 19.06M | 17.87M | 20.34M | 28.25M | 32.67M | 38.23M | 41.27M | 48.02M | 46.92M | 48.69M |
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% | 87.66M▲ 0% |
Gross Margin % | 69.82% | 76.01% | 72.08% | 69.32% | 68.56% | 69.56% | 67.85% | 66.87% | 65.17% | 64.29% |
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 | 60.57M |
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% | 27.09M▲ 0% |
Operating Margin % | 5.19% | 13.39% | 14.23% | 33.98% | 13.31% | 19.77% | 14.84% | 13.61% | 18.23% | 19.87% |
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 | 38.59M |
EBITDA Margin % | 10.99% | 18.57% | 20.26% | 39.74% | 19.03% | 24.79% | 19.32% | 17.62% | 21.02% | 28.31% |
EBITDA Growth % | 71.96% | 99.31% | 6.67% | 147.94% | -45.97% | 57.47% | -20.34% | 3.01% | 10.85% | 61.61% |
D&A (Non-Cash Add-back) | 3.67M | 3.86M | 4.39M | 5.3M | 5.94M | 6.3M | 5.75M | 5.82M | 3.76M | 11.51M |
EBIT | 9.25M | 11.44M | 10.36M | 33.63M | 13.83M | 24.83M | 19.05M | 22.2M | 27.59M | 27.24M |
Net Interest Income | 868K | 1.54M | 2.01M | 913K | 204K | 908K | 3.76M | 6.22M | 3.61M | 3.27M |
Interest Income | 870K | 1.54M | 2.01M | 913K | 204K | 908K | 3.76M | 6.22M | 3.61M | 3.27M |
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 | -2.04M |
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% | 25.05M▲ 0% |
Pretax Margin % | 6.26% | 15.35% | 16.83% | 34.89% | 13.48% | 20.76% | 17.69% | 17.75% | 20.49% | 18.37% |
Income Tax | -8.39M | -10.65M | 1.34M | 5.75M | -265K | 2.02M | 1.2M | 2.69M | 4.63M | 4.46M |
Effective Tax Rate % | -212.18% | -93.12% | 10.96% | 17.88% | -1.89% | 7.76% | 5.29% | 10.43% | 16.79% | 17.81% |
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% | 20.59M▲ 0% |
Net Margin % | 19.55% | 29.65% | 14.98% | 28.65% | 13.73% | 19.15% | 16.75% | 15.9% | 17.05% | 15.1% |
Net Income Growth % | 1094.39% | 78.89% | -50.6% | 141.79% | -45.92% | 68.54% | -10.58% | 7.19% | -0.38% | -3.92% |
Net Income (Continuing) | 18.35M | 22.09M | 10.91M | 26.39M | 14.27M | 24.05M | 21.5M | 23.05M | 22.96M | 20.59M |
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% | 0.39▲ 0% |
EPS Growth % | 371.43% | 21.21% | -52.5% | 147.37% | -48.94% | 75% | -11.9% | 8.11% | 5% | 3.09% |
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 | 52.66M |
Basic Shares Outstanding | 53.7M | 53.76M | 54.74M | 55.71M | 56.99M | 56.22M | 56.44M | 57.21M | 53.8M | 52.66M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
ERII Balance Sheet
Energy Recovery, Inc. (ERII) balance sheet — assets, liabilities & shareholders' equity
| Metric | 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 | 40.64M |
Days Sales Outstanding | 110.86 | 70.02 | 67.55 | 51.93 | 74.15 | 104.92 | 136.82 | 169.92 | 207.67 | 132.73 |
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 | 227.47 |
Other Current Assets | 3.42M | 97K | 981K | 2.65M | 2.87M | 2.26M | 2.18M | 1.76M | 5.06M | 3.38M |
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 | 6.46x |
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 | 737K |
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 | 0.63x |
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 | 24.54 |
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 | 4.75M |
Other Current Liabilities | 11.74M | 3.46M | 3.83M | 760K | 0 | 968K | 1.06M | 1.09M | 10.31M | 3.48M |
Current Ratio | 6.36x | 4.41x | 4.06x | 9.10x | 7.67x | 8.63x | 8.64x | 7.41x | 10.44x | 9.28x |
Quick Ratio | 6.08x | 4.15x | 3.69x | 8.36x | 6.64x | 7.08x | 7.42x | 6.35x | 9.04x | 7.50x |
Cash Conversion Cycle | 138.11 | 186.41 | 231.34 | 189.27 | 291.72 | 367.94 | 341.55 | 335.62 | 379.93 | 335.67 |
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 | 0 |
Capital Lease Obligations | 1.7M | 12.56M | 11.53M | 16.44M | 14.88M | 13.28M | 11.49M | 9.3M | 6.9M | 28.82M |
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 | 1.1M |
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 | 0.23x |
Net Debt / EBITDA | -4.00x | -0.61x | -0.94x | -2.09x | -2.93x | -1.33x | -2.21x | -0.72x | -1.36x | -1.07x |
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 | 3.50 |
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 | -177.58M |
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
| Metric | 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 | 29.13M |
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 | 20.59M |
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 | -13.63M |
Working Capital Changes | -9.05M | -14.69M | -17.7M | -28.59M | -13.87M | -25.86M | -9.34M | -18.74M | -16.14M | -5.79M |
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 | -748K |
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% | 1.43% |
Acquisitions | 0 | 5.24M | 7.38M | 6.79M | 6.68M | 1.1M | 0 | 0 | 0 | 13K |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 1.54M | -5.24M | -7.38M | -6.79M | -6.68M | -40.86M | 87K | 133K | 10K | -84.41M |
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 | -40.61M |
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 | -1.42M |
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% | 19.93% |
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 | 0.52 |
FCF Conversion (FCF/Net Income) | 0.23x | 0.34x | 0.48x | 0.64x | 0.95x | 0.53x | 1.21x | 0.89x | 0.82x | 1.32x |
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% | 10.89% |
Return on Invested Capital (ROIC) | 8.39% | 9.37% | 6.85% | 21.61% | 9.61% | 14.07% | 9.25% | 8.29% | 10.25% | 13.7% |
Gross Margin | 69.82% | 76.01% | 72.08% | 69.32% | 68.56% | 69.56% | 67.85% | 66.87% | 65.17% | 64.29% |
Net Margin | 19.55% | 29.65% | 14.98% | 28.65% | 13.73% | 19.15% | 16.75% | 15.9% | 17.05% | 15.1% |
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 | 1.32x |
Revenue Growth | 15.43% | 17.99% | -2.26% | 26.44% | 12.83% | 20.87% | 2.2% | 12.93% | -7.07% | -3.25% |
Related:ERII Dividend History·ERII Revenue History·ERII Price History·ERII P/E History·ERII Financial Ratios·ERII Institutional Holders
ERII SEC Filings & Documents
Energy Recovery, Inc. (ERII) SEC filings — annual & quarterly reports (10-K, 10-Q)
ERII Frequently Asked Questions
Energy Recovery, Inc. (ERII) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Energy Recovery, Inc. (ERII) reported $136.3M in revenue for fiscal year 2025. This represents a 580% 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 $20.6M 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.