Energy Recovery, Inc. (ERII) Earnings History
Earnings Pressure20 years of earnings data (2006–2025) · 5-year EPS trend is negative
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Energy Recovery, Inc. (ERII) Earnings Overview
As of June 22, 2026, Energy Recovery, Inc. (ERII) reported trailing twelve-month net income of $21M, reflecting +5.0% year-over-year growth. The company earned $0.39 per diluted share over the past four quarters, with a net profit margin of 17.0%.
Looking at the long-term picture, ERII's 5-year EPS compound annual growth rate (CAGR) stands at -2.2%, signaling declining earnings. The company achieved its highest annual net income of $26M in fiscal 2020.
Energy Recovery, Inc. maintains industry-leading profitability with a gross margin of 65.2%, operating margin of 18.2%, and net margin of 17.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including FELE ($150M net income, 6.9% margin), PUMP (-$12M net income, 0.1% margin), HLIO ($61M net income, 5.8% margin), ERII has outperformed on profitability metrics. Compare ERII vs FELE →
ERII Earnings vs Peers
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ERII Historical Earnings Data (2006–2025)
20 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $23M | -0.4% | $25M | $0.42 | 17.0% | 18.2% |
| 2024 | $23M | +7.2% | $20M | $0.40 | 15.9% | 13.6% |
| 2023 | $22M | -10.6% | $19M | $0.37 | 16.8% | 14.8% |
| 2022 | $24M | +68.5% | $25M | $0.42 | 19.1% | 19.8% |
| 2021 | $14M | -45.9% | $14M | $0.24 | 13.7% | 13.3% |
| 2020 | $26M | +141.8% | $31M | $0.47 | 28.7% | 34.0% |
| 2019 | $11M | -50.6% | $10M | $0.19 | 15.0% | 14.2% |
| 2018 | $22M | +78.9% | $10M | $0.40 | 29.6% | 13.4% |
| 2017 | $12M | +1094.4% | $3M | $0.33 | 19.6% | 5.2% |
| 2016 | $1M | +108.9% | $357,000 | $0.07 | 1.9% | 0.7% |
| 2015 | -$12M | +37.8% | -$12M | $-0.22 | -26.0% | -26.4% |
| 2014 | -$19M | -502.2% | -$18M | $-0.36 | -61.5% | -60.7% |
| 2013 | -$3M | +62.4% | -$3M | $-0.06 | -7.2% | -6.7% |
| 2012 | -$8M | +68.8% | -$9M | $-0.16 | -19.4% | -20.3% |
| 2011 | -$26M | -632.9% | -$25M | $-0.50 | -94.3% | -90.2% |
| 2010 | -$4M | -197.9% | -$5M | $-0.07 | -7.9% | -10.8% |
| 2009 | $4M | -57.5% | $6M | $0.07 | 7.8% | 13.1% |
| 2008 | $9M | +49.5% | $13M | $0.18 | 16.6% | 24.8% |
| 2007 | $6M | +143.2% | $9M | $0.14 | 16.4% | 26.3% |
| 2006 | $2M | - | $4M | $0.06 | 11.9% | 18.1% |
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ERII — Frequently Asked Questions
Quick answers to the most common questions about buying ERII stock.
What is ERII earnings per share (EPS)?
ERII trailing twelve-month (TTM) diluted EPS is $0.39, reflecting +5.0% year-over-year growth. The 5-year EPS CAGR is -2.2%. Complete EPS history from 2006 to 2025 is available in the table on this page.
What is Energy Recovery, Inc.'s net income?
Energy Recovery, Inc. (ERII) trailing twelve-month net income is $21M as of 2025. Earnings grew +5.0% year-over-year. Energy Recovery, Inc. has been profitable for 10 consecutive years.
Is ERII profitable?
Yes, ERII is profitable with a TTM net income of $21M and a net profit margin of +17.0%. Energy Recovery, Inc. has generated profits for 10 consecutive years.
What is ERII's earnings growth rate?
ERII compound annual EPS growth rates (CAGR): 1-Year: +5.0%, 3-Year: +0.0%, 5-Year: -2.2%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2006 to 2025.
What are ERII's profit margins?
Energy Recovery, Inc. net profit margin is +17.0%, operating margin is +18.2%, and gross margin is +65.2%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +11.0%.
Is ERII growing earnings?
ERII earnings growth is slowing. Current YoY EPS growth of +5.0% trails the 5-year CAGR of -2.2%. TTM net income is $21M.
What was ERII's best earnings year?
Energy Recovery, Inc.'s highest annual net income on record is $26M, achieved in fiscal year 2020. Earnings history on this page spans 2006 to 2025 and includes all annual and quarterly figures.
What were ERII's earnings last quarter?
ERII's most recent reported quarter was Q1 2026. Net income was $-12M with diluted EPS of $-0.23. For a full breakdown of all quarters, see the quarterly earnings table on this page.