Energy Recovery, Inc. ERII

6.81 (0.02) (0.29%) as of 25 Sep
Market cap
$353.2M
P/E
23.5×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.27
Total sells 3.92
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — 1 1 — — —
Sell 4 — 1 1 2 4 2 — 1 2 — —
Insider Ownership 3.60%

Capital & Financial Ratios

Market Cap 353.23
Revenue 120.57
Net Income 15.34
Free Cash Flow 38.61
Net Debt (93.06)
Current Ratio 8.05
Debt/Equity 0.00
P/E ratio 23.48
P/S ratio 2.91
P/B ratio 2.03
Past 5Y EPS Growth 15.42%
This Y EPS Growth (144.76%)
Next Y EPS Growth 186.17%
Next 5Y EPS Growth 0.79%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 109 78 75 93
Receivables 47 64 77 14
Inventory 26 25 24 38
Other — — — —
185 174 181 149
2023 2024 2025 Q'26
Payables 3 3 2 5
ST’ Debt — — — —
Other 1 1 1 1
21 23 17 19
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 11.68% 2.56% 2.43%
Cash Flow (12.21%) 2.16% 14.11%
Earnings 0.00% (2.74%) (1.53%)
Book Value 12.47% 3.74% 3.62%

Revenue

Mar Jun Sep Dec Year
’26 10 12 — — —
’25 8 28 32 67 135
’24 12 27 39 67 145
’23 13 21 37 57 128
’22 33 20 30 42 126
’21 29 21 21 34 104
’20 22 44 27 26 119
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 21 16 — — —
’25 11 4 (3) 7 19
’24 6 8 (3) 9 21
’23 9 (4) 8 14 26
’22 (2) 9 (1) 6 13
’21 0 11 (4) 6 14
’20 (6) 6 11 7 17
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 20 15 — — —
’25 10 4 (3) 6 17
’24 6 8 (3) 9 19
’23 8 (5) 7 12 24
’22 (4) 9 (1) 5 10
’21 (1) 10 (7) 4 7
’20 (7) 3 9 6 10
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.23) (0.06) — — —
’25 (0.18) 0.04 0.07 0.50 0.42
’24 (0.14) (0.01) 0.15 0.41 0.40
’23 (0.11) (0.03) 0.17 0.34 0.37
’22 0.14 (0.04) 0.08 0.24 0.42
’21 0.12 0.02 0.02 0.09 0.24
’20 0.01 0.30 0.10 0.06 0.47
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell
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
4 10 11 12 32 14 26 23 26 28
EBT
6.43% 14.36% 15.35% 14.10% 27.01% 13.48% 20.76% 17.69% 17.75% 20.44%
EBT Margin
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
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
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
119.65 (84.60) 119.75 (219.18) 65.73 165.84 114.13 41.18 40.13 38.07
EV/FCF
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'
0 0 13 13 18 16 15 — — —
Total Debt
(103) (100) (82) (73) (97) (89) (75) (109) (78) (75)
Net Debt
65 92 113 136 172 179 185 220 210 206
Sh' Equity
2.47% 11.71% 12.83% 5.92% 13.43% 6.83% 11.17% 9.15% 9.30% 9.68%
ROA
0.00% 0.00% 19.82% 10.21% 26.22% 9.66% 14.06% 10.70% 9.34% 11.40%
ROIC
5.78% 23.38% 21.53% 8.75% 17.15% 8.14% 13.21% 10.62% 10.73% 11.03%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Energy Recovery, Inc. peers in Pollution & Treatment Controls

All 18 Pollution & Treatment Controls stocks →

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.

Source: company filings (standardised) and stockrow calculations.

Energy Recovery, Inc. (ERII) Latest News

News by impact score

Fine-tune

22 Sep

3

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

3

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

3

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

4 transcript

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

3

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

4

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

3 transcript

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

3 transcript

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.

3

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

3

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

4

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

3

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

3

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

3

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

4

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

4

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

4

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.

4

Energy Recovery (NASDAQ:ERII) Q1 CY2026 sales exceeded estimates. Beating quarterly sales estimates signals strong financial performance, likely enhancing investor sentiment and stock trajectory.

4

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.

3

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

3

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

4

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

4

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

4

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.

4

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

4

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.

4

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.

4

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

3

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

4

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.

stockrow.com/ERII · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com