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Energy Recovery

ERII

Energy Recovery, Inc. designs and manufactures high-efficiency energy recovery devices and solutions for industrial fluid flow markets.

Market cap
$439.17M-40.9%
Revenue$136.6M-3.1%
Net income$20.6M-3.9%
Free cash flow$41.1M+18.2%
EPS (diluted)$0.37
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$18.4M
EPS estimate-$0.04

Financials

Q1 2026

Income statement

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Revenue$9.7M+20.3%
Gross profit$2.7M-39.4%
Operating income-$14.9M-18.3%
Net income-$12.3M-24.0%
EPS (diluted)-$0.23-27.8%

Balance sheet

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Cash & equivalents$50.1M+1.7%
Total debt$8.8M-20.4%
Total equity$184.3M-7.0%
Total assets$209.0M-7.3%

Cash flow

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Operating cash flow$21.0M+97.0%
CapEx$814.0K+326%
Free cash flow$20.2M+92.8%

Valuation & ratios

Valuation

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Market cap$439.17M-40.9%
Enterprise value$397.89M-43.2%
P/E21.3×-9.7×
P/S3.2×-2.1×

Profitability

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Gross margin63.1%-3.8pp
Operating margin15.8%+3.0pp
Net margin15.1%-0.1pp

Returns & leverage

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Return on equity10.8%+0.4pp
Debt / equity0.0×
Current ratio9.3×+0.9×

Segments

By segment

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Desalination$8.9M
Wastewater$601.0K
Emerging Technologies$198.0K+19,700%

By geography

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Other$6.9M
Middle East$2.6M
Africa$196.0K

Competitors

Profile

Energy Recovery, Inc. designs and manufactures high-efficiency energy recovery devices and solutions for industrial fluid flow markets. The company's core value proposition centers on transforming untapped energy into reusable power, significantly reducing energy consumption and operational costs for industrial processes.

Competitive position

The company is a market leader in energy recovery for desalination, leveraging proprietary pressure exchanger technology protected by a robust patent portfolio.

GeographiesGlobal, Middle East, North America, Asia-Pacific
Customer segmentsIndustrial utility operators, Commercial retail chains, Global infrastructure developers
Business modelHardware manufacturing, Intellectual property licensing, Direct sales
SuppliersSpecialized ceramic manufacturers, Raw material suppliers (stainless steel, high-grade alloys), Precision machining services
CustomersMunicipal water authorities, Industrial desalination facilities, Commercial grocery retailers
Listed2008
Employees269.0
CEOAlexander J. Buehler
FilingsSEC EDGAR

Questions, answered.

What is Energy Recovery's market cap?
Energy Recovery (ERII) has a market capitalization of $439.2M and trades on NASDAQ.
What is Energy Recovery's revenue and profitability?
Energy Recovery generated $136.6M in trailing twelve-month revenue with net income of $20.6M, representing a net margin of 15.1%. Gross margin stands at 63.1%, with free cash flow of $41.1M. These figures are based on the Q1 2026 filing.
Who are Energy Recovery's competitors?
Energy Recovery's key competitors include Flowserve Corporation, Pentair plc, Shimmick Corporation Common Stock, and others. These companies compete in similar markets and product categories.
What subsidiaries does Energy Recovery have?
Energy Recovery's subsidiaries include Energy Recovery (Shanghai) Co., Ltd..
Where is Energy Recovery headquartered?
Energy Recovery is headquartered in United States of America and employs approximately 269 people. It has been publicly traded since 2008.