Last 48 quarters of trend data · Industrials · Industrial - Pollution & Treatment Controls
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.45 | — | 6.75 | 53.17 | 84.75 | — | 8.96 | 28.98 | — | — | 13.85 | 31.19 | — |
| — | — | -24.7% | +83.5% | — | — | -35.3% | -7.1% | — | — | -35.1% | -52.1% | — | |
| P/S Ratio | 3.70 | — | 2.70 | 6.44 | 6.21 | 27.04 | 3.14 | 6.57 | 7.01 | 18.64 | 4.75 | 8.30 | 19.00 |
| — | — | -13.8% | -1.9% | -11.4% | +45.0% | -34.0% | -20.9% | -63.1% | -22.9% | -31.7% | -18.9% | +41.3% | |
| P/B Ratio | 2.48 | — | 3.49 | 4.56 | 3.76 | 4.40 | 4.01 | 4.33 | 3.49 | 4.17 | 4.94 | 6.34 | 8.67 |
| — | — | -12.9% | +5.2% | +7.8% | +5.5% | -19.0% | -31.6% | -59.7% | -41.6% | -22.2% | -14.0% | +28.5% | |
| P/FCF | 28.57 | — | 28.05 | — | 43.40 | 20.80 | 23.76 | — | 24.21 | 39.73 | 21.92 | 41.43 | — |
| — | — | +18.0% | — | +79.3% | -47.7% | +8.4% | — | — | +3.7% | -61.8% | — | — | |
| EV / EBITDA | 16.23 | — | 4.29 | 38.80 | 56.21 | — | 7.60 | 28.26 | — | — | 11.69 | 28.10 | — |
| — | — | -43.5% | +37.3% | — | — | -35.0% | +0.6% | — | — | -34.3% | -42.4% | — | |
| EV / EBIT | 18.71 | — | 5.30 | 43.22 | 110.22 | — | 7.32 | 34.09 | — | — | 12.51 | 32.62 | — |
| — | — | -27.7% | +26.8% | — | — | -41.5% | +4.5% | — | — | -35.6% | -47.1% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Energy Recovery, Inc.'s operating margin was -3302.5% in Q1 2026, down 3350.6 pp QoQ and down 3146.8 pp YoY. The trailing four-quarter average of -809.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 1465.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.2% | -754.5% | 67.3% | 64.2% | 64.0% | 55.3% | 70.2% | 65.1% | 64.6% | 59.0% | 69.1% | 69.9% | 65.4% |
| — | -1465.1% | -4.2% | -1.3% | -0.9% | -6.3% | +1.7% | -6.9% | -1.2% | -3.0% | -2.3% | +1.2% | -0.8% | |
| Operating Margin | 18.2% | -3302.5% | 48.0% | 11.4% | 5.3% | -155.8% | 38.2% | 18.3% | -7.4% | -90.4% | 36.0% | 24.7% | -12.5% |
| — | -2020.3% | +25.8% | -37.4% | +171.0% | -72.2% | +5.9% | -25.8% | +40.7% | -49.4% | +4.4% | +53.1% | +12.8% | |
| Net Margin | 17.0% | — | 40.4% | 12.1% | 7.3% | -122.5% | 35.0% | 22.0% | -2.4% | -68.3% | 34.6% | 26.1% | -8.0% |
| — | — | +15.5% | -44.9% | +410.2% | -79.3% | +1.0% | -15.7% | +70.6% | -45.4% | +6.7% | +65.9% | +30.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.0% | — | 13.9% | 2.1% | 1.1% | -4.8% | 10.6% | 3.7% | -0.3% | -3.8% | 9.6% | 5.1% | -0.9% |
| — | — | +31.5% | -43.5% | +462.7% | -27.7% | +10.5% | -27.1% | +67.8% | -10.4% | +23.7% | +77.8% | +33.4% | |
| ROA | 9.7% | — | 12.2% | 1.8% | 0.9% | -4.2% | 9.3% | 3.3% | -0.3% | -3.3% | 8.3% | 4.5% | -0.8% |
| — | — | +31.4% | -44.6% | +460.6% | -27.0% | +11.5% | -25.8% | +67.4% | -12.1% | +26.6% | +82.7% | +31.9% | |
| ROIC | 10.3% | -3.2% | 15.4% | 1.9% | 0.7% | -5.4% | 10.3% | 2.8% | -0.9% | -5.1% | 9.6% | 4.4% | -1.4% |
| — | +41.0% | +50.1% | -31.5% | +185.4% | -5.5% | +6.7% | -36.2% | +37.1% | -14.2% | +21.4% | +61.2% | +9.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 10.7% YoY to 9.28x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 |
| — | -14.4% | -15.1% | +9.4% | +1.1% | -5.5% | -10.8% | -28.6% | -27.7% | -26.3% | -24.7% | -21.6% | -19.5% | |
| Debt / EBITDA | 0.33 | — | 0.24 | 1.97 | 3.65 | — | 0.42 | 1.39 | — | — | 0.60 | 1.29 | — |
| — | — | -43.2% | +41.9% | — | — | -30.5% | +7.3% | — | — | -35.4% | -47.4% | — | |
| Current Ratio | 10.44 | 9.28 | 10.71 | 7.33 | 8.08 | 8.39 | 7.41 | 10.06 | 7.94 | 10.41 | 8.64 | 8.91 | 9.89 |
| — | +10.7% | +44.5% | -27.1% | +1.7% | -19.4% | -14.2% | +13.0% | -19.8% | -6.8% | +0.1% | +8.5% | +16.6% | |
| Quick Ratio | 9.04 | 7.50 | 9.31 | 5.75 | 6.34 | 6.63 | 6.35 | 8.29 | 6.26 | 8.56 | 7.42 | 6.84 | 7.50 |
| — | +13.2% | +46.6% | -30.6% | +1.3% | -22.6% | -14.4% | +21.1% | -16.6% | -1.3% | +4.9% | +8.4% | +13.2% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Energy Recovery, Inc.'s current P/E is 22.5x. The average P/E over the last 3 quarters is 48.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Energy Recovery, Inc.'s current operating margin is 18.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Energy Recovery, Inc.'s business trajectory between earnings reports.