Energy Recovery, Inc. (ERII)
NASDAQ: ERII · Real-Time Price · USD
7.77
-0.13 (-1.65%)
Aug 28, 2026, 4:00 PM EDT - Market closed

Energy Recovery Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
120.57134.99144.95128.35125.59103.9
Revenue Growth
-14.95%-6.87%12.93%2.20%20.87%-12.68%
Gross Profit
78.8187.9396.9387.0887.3671.23
Operating Income
19.6924.5622.219.0524.8313.83
Net Income
15.3422.9623.0521.524.0514.27
Earnings Per Share
0.280.420.400.370.420.24
EPS Growth
-35.32%5.00%8.11%-11.91%75.00%-48.94%

Revenue by Segment

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Emerging Technologies
0.290.640.620.160.05
Water
134.7144.31127.73125.43103.85
Total
134.99144.95128.35125.59103.9

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
93.0675.2578.02108.5489.83105.69
Total Debt
8.239.4311.3213.2814.8816.44
Net Cash (Debt)
84.8265.8266.795.2674.9689.25
Net Cash Growth
23.00%-1.32%-29.98%27.10%-16.01%-8.01%
Net Cash Per Share
1.601.221.151.651.301.52

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
41.2918.7720.5226.0512.6313.53
Capital Expenditures
-2.69-1.33-1.3-2.57-4.23-6.68
Free Cash Flow
38.617.4419.2223.498.46.84
Free Cash Flow Growth
91.29%-9.28%-18.15%179.64%22.76%-32.16%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
65.36%65.14%66.87%67.84%69.56%68.56%
Operating Margin
16.33%18.19%15.32%14.84%19.77%13.31%
Pretax Margin
14.58%20.44%17.75%17.69%20.76%13.48%
Profit Margin
12.72%17.01%15.90%16.75%19.15%13.73%
FCF Margin
32.01%12.92%13.26%18.30%6.69%6.59%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
27.8331.1236.9249.5247.7185.42
Forward PE
36.1415.8719.4153.8389.0950.36
P/FCF Ratio
10.2840.9744.2745.34136.61178.15
PS Ratio
3.295.295.878.309.1411.73