Energy Recovery, Inc. ERII
- Market cap
- $353.2M
- P/E
- 23.5×
Follow ERII
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.28 | 6.13 | 6.17 | 6.56 | 6.11 | 13.45 | 16.92 | 14.04 | 12.26 | 10.86 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
||
| 16.67 | 11.46 | 10.25 | 12.04 | 13.98 | 24.99 | 26.34 | 30.76 | 20.27 | 18.32 |
High Price
|
|||
| 120 | 133 | 143 | 188 | 216 | 222 | 246 | 269 | 254 | 230 |
Employees
|
|||
| 0 | 1 | 1 | 0 | 1 | 0 | 1 | 0 | 1 | 1 |
Revenue/Emp
|
|||
| 58 | 69 | 75 | 87 | 119 | 104 | 126 | 128 | 145 | 135 |
Revenue
|
|||
| 69.11% | 72.43% | 76.01% | 76.61% | 76.26% | 68.56% | 69.56% | 67.85% | 66.87% | 65.14% |
Gross Margin
|
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| 4 | 10 | 11 | 12 | 32 | 14 | 26 | 23 | 26 | 28 |
EBT
|
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| 6.43% | 14.36% | 15.35% | 14.10% | 27.01% | 13.48% | 20.76% | 17.69% | 17.75% | 20.44% |
EBT Margin
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| 4 | 18 | 22 | 11 | 26 | 14 | 24 | 22 | 23 | 23 |
Net Income
|
|||
| 4 | 4 | 4 | 4 | 6 | 7 | 7 | 3 | 3 | 3 |
Depreciation
|
|||
| 1.10 | 1.29 | 1.39 | 1.59 | 2.14 | 1.82 | 2.23 | 2.27 | 2.53 | 2.51 |
Revenue/Sh
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| 0.07 | 0.34 | 0.40 | 0.20 | 0.47 | 0.25 | 0.43 | 0.38 | 0.40 | 0.43 |
Earnings/Sh
|
|||
| 0.09 | 0.05 | 0.14 | 0.10 | 0.30 | 0.24 | 0.22 | 0.46 | 0.36 | 0.35 |
Cash Flow/Sh
|
|||
| (0.02) | (0.14) | (0.10) | (0.13) | (0.12) | (0.12) | (0.06) | (0.04) | (0.02) | (0.02) |
Capex/Sh
|
|||
| 0.07 | (0.08) | 0.04 | (0.04) | 0.18 | 0.12 | 0.17 | 0.42 | 0.34 | 0.32 |
Free CF/Sh
|
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| 1.24 | 1.71 | 2.11 | 2.48 | 3.08 | 3.14 | 3.30 | 3.89 | 3.67 | 3.83 |
Book Value/Sh
|
|||
| 52 | 54 | 54 | 55 | 56 | 57 | 56 | 56 | 57 | 54 |
Shares
|
|||
| 151.48 | 29.78 | 16.55 | 48.95 | 29.02 | 85.96 | 46.86 | 49.68 | 35.85 | 30.66 |
PE Ratio
|
|||
| 9.76 | 6.94 | 4.86 | 6.16 | 6.39 | 11.79 | 9.23 | 8.30 | 5.80 | 5.38 |
PS Ratio
|
|||
| 8.65 | 5.22 | 3.19 | 3.94 | 4.43 | 6.85 | 6.25 | 4.85 | 4.00 | 3.52 |
PB Ratio
|
|||
| 7.98 | 5.48 | 3.74 | 5.33 | 5.57 | 10.93 | 8.63 | 7.56 | 5.36 | 4.92 |
EV/Sales
|
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| 119.65 | (84.60) | 119.75 | (219.18) | 65.73 | 165.84 | 114.13 | 41.18 | 40.13 | 38.07 |
EV/FCF
|
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| 5 | 3 | 8 | 5 | 17 | 14 | 13 | 26 | 21 | 19 |
Op' Cash Flow
|
|||
| (1) | (7) | (5) | (7) | (7) | (7) | (3) | (2) | (1) | (1) |
Capex
|
|||
| 4 | (4) | 2 | (2) | 10 | 7 | 10 | 24 | 19 | 17 |
FCF
|
|||
| 105 | 96 | 93 | 85 | 127 | 132 | 140 | 164 | 150 | 164 |
Working Cap'
|
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| 0 | 0 | 13 | 13 | 18 | 16 | 15 | — | — | — |
Total Debt
|
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| (103) | (100) | (82) | (73) | (97) | (89) | (75) | (109) | (78) | (75) |
Net Debt
|
|||
| 65 | 92 | 113 | 136 | 172 | 179 | 185 | 220 | 210 | 206 |
Sh' Equity
|
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| 2.47% | 11.71% | 12.83% | 5.92% | 13.43% | 6.83% | 11.17% | 9.15% | 9.30% | 9.68% |
ROA
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| 0.00% | 0.00% | 19.82% | 10.21% | 26.22% | 9.66% | 14.06% | 10.70% | 9.34% | 11.40% |
ROIC
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| 5.78% | 23.38% | 21.53% | 8.75% | 17.15% | 8.14% | 13.21% | 10.62% | 10.73% | 11.03% |
ROE
|
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Energy Recovery, Inc. peers in Pollution & Treatment Controls
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| ADUR Aduro Clean Technologies Inc. | $448.4M | 0.0× | Compare |
| PCT PureCycle Technologies, Inc. | $998.5M | 0.0× | Compare |
| ARQ Arq, Inc. | $87.8M | 0.0× | Compare |
| SCWO 374Water Inc. | $54.8M | 0.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| FTEK Fuel Tech, Inc. | $53.5M | 0.0× | Compare |
| BCHT Birchtech Corp. | $42.6M | 0.0× | Compare |
| ZONE Zone Frontier Inc. | $30.5M | 0.0× | Compare |
| CECO CECO Environmental Corp. | $4.1B | 0.0× | Compare |
Energy Recovery, Inc. (ERII) key facts
- Energy Recovery, Inc. (ERII) is a Pollution & Treatment Controls company in the Industrials sector, listed on Nasdaq.
- Energy Recovery, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $135.0 million, down 6.87% from fiscal 2024.
- Net income was $23.0 million, or $0.43 per share (basic), a net margin of 17.0%.
- As of September 25, 2026, ERII traded at $6.81, a market capitalization of $353.2 million.
- At that price the stock trades at 23.5× trailing-twelve-month earnings and 2.9× sales.
- Return on equity was 11.0% and debt-to-equity 0.00.
Energy Recovery, Inc. (ERII) Latest News
22 Sep
Energy Recovery has fallen about 30% since March 2026, trading around $7.07 after softer quarterly results. The analysis argues the stock doesn't pass its quality test: five-year revenue growth of 3.1% annually underperforms industrial peers, near-term revenue projections show a 36.2% drop over the next 12 months, and EPS has been flat for two years. At roughly 1,398 times forward earnings, the valuation implies a lot of good news is already priced in. The piece suggests avoiding ERII for now and instead focusing on a safe-and-steady industrial company likely to benefit from an upgrade cycle. It also notes momentum-stock alternatives as potential replacements. Weak long-term growth, looming revenue decline, flat earnings, and stretched valuation justify a neutral-to-bearish outlook.
16 Sep
Analysts cut Energy Recovery fair value estimate citing insufficient visibility into desalination segment prospects. Fair value cut signals moderate short-term pressure on stock valuation from desalination outlook concerns.
14 Aug
Energy Recovery’s Q2 earnings call drew analyst questions on revenue trends, desalination project timing, margin pressures, and growth outlook in water and energy markets. Earnings-call analyst questions offer incremental visibility into operations and guidance but rarely shift long-term company trajectory on their own.
13 Aug
Energy Recovery (ERII) held its Q2 2026 earnings call, covering financial results, operations, and outlook. Q2 2026 earnings and guidance can materially shift ERII valuation and investor positioning.
10 Aug
Energy Recovery Inc. faces Q2 revenue pressure from delayed orders and geopolitical factors weighing on operations and performance. Order delays and geopolitical pressures create moderate revenue headwinds that affect near-term results without fundamentally shifting company trajectory.
7 Aug
Geopolitical risks force Energy Recovery (ERII) to withdraw guidance, sharply reducing near-term visibility and pressuring stock performance. Guidance withdrawal combined with geopolitical risks creates major uncertainty that can materially shift ERII's trajectory and investor sentiment.
6 Aug
Energy Recovery Inc (ERII) addressed Q2 2026 earnings results while navigating geopolitical challenges in its earnings call. Geopolitical navigation in earnings call points to moderate influence on ERII operations and market positioning without fundamental trajectory shifts.
5 Aug
Energy Recovery reported Q2 results with details on revenue, margins, and segment performance. Management highlighted desalination project momentum, wastewater opportunities, and updated full-year guidance during the earnings call. Q2 earnings and guidance provide moderate updates on financial trajectory and project pipeline without indicating major strategic shifts.
Energy Recovery, Inc. reported its second quarter 2026 financial results. Quarterly earnings releases deliver performance metrics that can shift near-term investor sentiment and valuation.
28 Jul
Energy Recovery, Inc. signed a lease for a new manufacturing facility near Dammam, Saudi Arabia. Lease for new manufacturing facility near Dammam expands regional production capacity in a key market.
20 Jul
Energy Recovery Inc. technology to deliver water security for one million people in Saudi Arabia's Mecca, Al-Baha and Asir regions. Major project win positions ERII for substantial growth in Middle East water infrastructure market.
29 Jun
Energy Recovery secures multiple new wastewater projects across India, expanding its pressure exchanger deployments in the region's treatment facilities. Project wins expand ERII revenue streams and India market share but remain incremental rather than transformative.
20 May
Energy Recovery Inc. faces risks from the Iran War that could disrupt operations, supply chains and market access in the energy sector. Geopolitical conflict may moderately influence ERII operational stability and energy market positioning without fundamentally redefining long-term trajectory.
16 May
Energy Recovery discussed Q1 results in its earnings call, where analysts raised five key questions on performance drivers, desalination demand, wastewater opportunities, margin trends, and long-term growth strategy. Analyst questions during quarterly earnings calls surface investor concerns that can moderately shift near-term sentiment and highlight operational priorities.
11 May
ERII launches new product as Middle East conflict shapes Q1 outlook and future performance. New product launch marks major strategic move while Middle East conflict introduces significant market and operational uncertainty.
7 May
Energy Recovery, Inc. (ERII) Q1 2026 earnings call summary covers financial results, operational updates, and forward guidance for the desalination and industrial sectors. Q1 2026 earnings results and strategic updates directly shape ERII's revenue trajectory, investor sentiment, and competitive positioning in energy recovery markets.
6 May
Energy Recovery, Inc. (ERII) Q1 earnings call highlights financial results, operational updates, desalination growth, and positive guidance amid strong demand. Q1 earnings highlights detail revenue growth, profitability improvements, and expanded market opportunities in desalination that significantly boost ERII's trajectory.
Energy Recovery (NASDAQ:ERII) Q1 CY2026 sales exceeded estimates. Beating quarterly sales estimates signals strong financial performance, likely enhancing investor sentiment and stock trajectory.
Energy Recovery, Inc. (ERII) announced its first quarter 2026 financial results and organizational updates. Quarterly financial results and organizational updates represent major financial disclosures capable of significantly shifting investor sentiment and company trajectory.
Energy Recovery (ERII) reported a Q1 net loss but exceeded revenue estimates. Q1 loss despite revenue beat signals moderate impact on financial performance and market sentiment.
24 Mar
Energy Recovery (ERII) stock surged 7.0%, prompting analysis on whether further upside remains amid positive momentum. 7% stock surge signals moderately noticeable short-term boost to market sentiment and performance without transformative changes.
9 Mar
Energy Recovery, Inc. (ERII) unveiled a next-generation Pressure Exchanger designed specifically for the world’s leading desalination plants. Next-generation Pressure Exchanger launch for top desalination plants enhances ERII's core product innovation and market positioning in a key growth sector.
4 Mar
Energy Recovery (ERII) faces shifting investment narrative after analysts cut price targets and company reports project delays. Target cuts and project delays threaten ERII's growth trajectory and erode investor sentiment significantly.
26 Feb
Energy Recovery Inc. (ERII) released highlights from its Q4 earnings call, covering financial results, strategic updates, and future outlook. Q4 earnings call highlights disclose financial performance, guidance, and strategic initiatives that significantly shape ERII's future trajectory and investor sentiment.
Energy Recovery Inc. (ERII) highlighted strategic shifts and project delays in its Q4 2025 earnings call. Strategic shifts signal major moves that could alter trajectory, offset partially by project delays.
25 Feb
Energy Recovery Inc. (ERII) released Q4 earnings snapshot detailing quarterly financial results. Q4 earnings snapshots significantly affect ERII's stock price, guidance expectations, and market trajectory.
Energy Recovery (NASDAQ:ERII) missed Q4 CY2025 revenue estimates, causing its stock to drop 18.7%. Missing Q4 CY2025 revenue estimates led to an 18.7% stock plunge, significantly harming investor sentiment and short-term performance.
Energy Recovery, Inc. (ERII) reported its fourth quarter 2025 financial results. Q4 financial results disclosure typically drives significant shifts in stock price, investor sentiment, and future performance expectations for ERII.
23 Feb
Energy Recovery (ERII) reports quarterly earnings tomorrow, with previews highlighting analyst expectations for revenue growth, EPS, margins, and future guidance amid desalination and oilfield focus. Upcoming earnings reports typically exert moderate influence on financial performance and investor sentiment for ERII.
10 Feb
Energy Recovery, Inc. (ERII) reported its Q3 earnings, showcasing strong financial performance and growth in key sectors. The company highlighted advancements in its technology and increased demand for its products, particularly in the water and energy markets. Analysts are evaluating whether to buy, sell, or hold ERII shares based on these results and future prospects. Market sentiment appears cautiously optimistic, with potential for continued growth driven by strategic initiatives and market trends. Strong financial performance and growth in key sectors indicate significant potential for future impact on the company's trajectory.