What is Energy Recovery's free cash flow margin?

Energy Recovery (ERII) reported free cash flow margin of 25% in Q2 2024.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Energy Recovery ERII Free cash flow margin

Free cash flow margin at other companies

Ceco EnvironmentalCECO

2%-4.4pp

FlowserveFLS

9.9%+4.3pp

PentairPNR

17%-1.7pp

WBI

WaterBridge Infrastructure LLCWBI

-49.6%—

Chart IndustriesGTLS

0.2%-10.3pp

Matrix Service CompanyMTRX

8.8%-6.3pp

Other financials

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

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Market cap$453.08M-30.8%

Enterprise value$411.81M-33.2%

P/E22×-8.6×

P/S3.3×-1.3×

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 / equity0×0.0×

Current ratio9.3×+0.9×

Where this comes from

Calculated from Energy Recovery’s reported figures.

free cash flow/total revenue=25%

Based on trailing twelve months.

The official record: Energy Recovery’s 10-Q, filed August 6, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Recovery's free cash flow margin?: Energy Recovery (ERII) reported free cash flow margin of 25% in Q2 2024.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.