Energy Recovery, Inc.
ERII Nasdaq· Special Industry Machinery, Nec
Last close · Oct 23, 2026
$6.68
KIRA · Stoqly’s AI analyst, in plain words
- Energy Recovery, Inc. had $135M of revenue in fiscal 2025, down 6.9% on the year before. Over five years, revenue changed +2.6% a year on average.
- Its operating margin was 17.7%, up 4.1 pts: of every 100 in sales, about 18 is left after running the business.
- Energy Recovery, Inc. made $23.0M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 22.0% a year.
- Free cash flow was $17.4M in fiscal 2025, 12.9% of revenue.
- Energy Recovery, Inc. returned $35.6M to shareholders in fiscal 2025, 204% of free cash flow. The diluted share count fell 6.3%.
Market cap
$344M
P/E
24.7x
Revenue
$135M
Net income
$23.0M
Free cash flow
$17.4M
Operating margin
17.7%
Energy Recovery, Inc. in 30 seconds · fiscal 2025
Are sales growing?
−6.9%
No. Sales fell 6.9% last year.
Does it make a profit?
17.0%
Yes. It keeps 17.0% of every sale as profit.
Does profit turn into cash?
12.9%
Yes. 12.9% of sales ends up as free cash.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
24.7x
One share costs 24.7 times its yearly profit per share.
What Energy Recovery, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 25, 2026
- Legal name
- Energy Recovery, Inc.
- CIK
- 0001421517
Energy Recovery, Inc. · ERII
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $104M | $126M | $128M | $145M | $135M |
| Revenue growth | −12.7% | 20.9% | 2.2% | 12.9% | −6.9% |
| Gross margin | 68.6% | 69.6% | 67.8% | 66.9% | 65.1% |
| Operating margin | 13.3% | 19.8% | 14.8% | 13.6% | 17.7% |
| Net income | $14.3M | $24.0M | $21.5M | $23.1M | $23.0M |
| Net margin | 13.7% | 19.1% | 16.8% | 15.9% | 17.0% |
| Diluted EPS | $0.24 | $0.42 | $0.37 | $0.40 | $0.42 |
| Cash | |||||
| Cash from operations | $13.5M | $12.6M | $26.1M | $20.5M | $18.8M |
| Capital expenditure | $6.7M | $4.2M | $2.6M | $1.3M | $1.3M |
| Free cash flow | $6.8M | $8.4M | $23.5M | $19.2M | $17.4M |
| FCF margin | 6.6% | 6.7% | 18.3% | 13.3% | 12.9% |
| Share buybacks | $23.3M | $26.7M | $0.0M | $50.4M | $35.6M |
| Share count change | 3.7% | −1.8% | 0.2% | 0.1% | −6.3% |
| Debt and strength | |||||
| Cash and short-term investments | $106M | $89.8M | $109M | $78.0M | $75.2M |
| Shareholders' equity | $179M | $185M | $220M | $210M | $206M |
| Current ratio | 7.7x | 8.6x | 8.6x | 7.4x | 10.4x |
| Returns and quality | |||||
| Return on equity | 8.1% | 13.2% | 10.6% | 10.7% | 11.0% |
| Return on tangible equity | 8.6% | 13.9% | 10.4% | 11.7% | 11.9% |
| Piotroski F-score | 2 | 7 | 4 | 4 | 5 |
| Altman Z'' | 10.4 | 12.0 | 12.8 | 12.8 | 15.7 |
Insiders bought, 12 months
$0.3M
2 insiders
Insiders sold, 12 months
$3.5M
5 insiders
Of sales under plans
12%
$0.4M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Energy Recovery, Inc. · ERII
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $6.68 a share, the company is worth $344M: 24.7 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001421517). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.