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Employees: 230
Size Energy Recovery (ERII) is a United States Industrials company (Industrial Machinery) with a market value of $365M, the 2935th largest of 3,117 United States companies the cockpit tracks. Shares closed at $7.15 on 6 Nov 2026.
Performance Over six months the shares fell 21.7%, against -22.7% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 14.9% over the last twelve months (peer median +3.7%); the operating margin is 16.3% (peer median 5.5%).
Valuation It trades at 2.3× enterprise value to sales against a peer median of 1.6× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.5 points above its cost of capital (9.2% WACC).
Backlog Backlog (remaining performance obligations) was $10.6M at 30 Sep 2026, up 121% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 6.3% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $121M | $135M | $145M | $128M | $126M |
| Revenue growth | — | -7% | +13% | +2% | — |
| Gross profit | $78.8M | $87.9M | $96.9M | $87.1M | $87.4M |
| EBITDA | $24.0M | $28.3M | $28.0M | $24.8M | $31.1M |
| Net income | $15.3M | $23.0M | $23.1M | $21.5M | $24.0M |
| Free cash flow | $38.6M | $17.4M | $19.2M | $23.5M | $8.40M |
| Capital expenditure | $2.69M | $1.33M | $1.30M | $2.57M | $4.23M |
| Total debt | $8.23M | $9.43M | $11.3M | $13.3M | $14.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ERII | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.5% | -8.4% | 3rd highest of 21 |
| 6-month return | -21.7% | -22.7% | 10th highest of 21 |
| Distance from 52-week high | -56.1% | -34.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | -14.9% | +3.7% | 3rd lowest of 21 |
| Operating margin | 16.3% | 5.5% | 2nd highest of 21 |
| EV / Sales | 2.3× | 1.6× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 1.5% | 1.0% | 5th most demanding of 10 |
| Growth delivered (Del g) | +2.6% | +13.5% | 3rd lowest of 10 |
| Hurdle (Req g minus delivered) | -1.0 pp | -5.7 pp | 5th most demanding of 10 |
| ROIC minus cost of capital | +8.5 pp | -3.7 pp | 3rd highest of 21 |
| EV / EBITDA | 11.7× | 12.3× | 5th cheapest of 13 |
| Net debt / EBITDA | -3.5× | -0.0× | 3rd least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Energy Recovery ERII | United States | $365M | -22% | -15% | 16% | 2.3× | 1.5% | +2.6% |
| HLB innoVation 024850.KS | South Korea | $366M | -38% | +21% | -106% | 13.8× | n/a | n/a |
| Bystronic BYS.SW | Switzerland | $366M | -23% | -2% | -6% | 0.1× | n/a | n/a |
| Sichuan Kexin Mechanical & Electrical Equipment 300092.SZ | China | $363M | -38% | -1% | 6% | 2.0× | n/a | n/a |
| Jash Engineering JASH.NS | India | $362M | +29% | +1% | 12% | 4.5× | 28.8% | +19.8% |
| Pitti Engineering PITTIENG.NS | India | $361M | -9% | +15% | 11% | 1.9× | n/a | n/a |
| Lanpec Technologies 601798.SS | China | $370M | -24% | +33% | 4% | 2.5× | 43.1% | -3.3% |
| Sunpower 5GD.SI | Singapore | $360M | +11% | 0% | 22% | 1.7× | -12.8% | +17.8% |
| Heidelberger Druckmaschinen HDD.DE | Germany | $370M | -23% | -5% | 2% | 0.2× | n/a | n/a |
| Robostar 090360.KS | South Korea | $371M | -29% | +26% | -2% | 5.0× | n/a | n/a |
| Rieter RIEN.SW | Switzerland | $371M | -31% | +20% | -4% | 1.1× | n/a | n/a |
| Tsubakimoto Kogyo 8052.T | Japan | $359M | +6% | -1% | 5% | 0.2× | n/a | n/a |
| Prince Pipes And Fittings PRINCEPIPE.NS | India | $359M | +15% | +5% | 5% | 1.3× | 22.6% | +4.6% |
| Guangzhou Tech-Long Packaging Machinery 002209.SZ | China | $359M | -22% | +8% | 8% | 1.2× | 1.0% | +14.7% |
| Zhejiang Tongxing Technology 301252.SZ | China | $372M | -17% | +34% | 7% | 1.6× | n/a | n/a |
| Symphony SYMPHONY.NS | India | $373M | -37% | +2% | 12% | 2.8× | n/a | n/a |
| Shanghai Automobile Air-Conditioner Accessories 603107.SS | China | $357M | -18% | +3% | 6% | 0.8× | -4.6% | +13.5% |
| SFA NEXEL 222080.KS | South Korea | $376M | -62% | -43% | 11% | 0.8× | -14.8% | +28.1% |
| Ningbo Heli Technology 603917.SS | China | $376M | -2% | +15% | 1% | 2.8× | n/a | n/a |
| Avingtrans AVG.L | United Kingdom | $377M | +17% | +4% | 8% | 1.8× | 18.3% | +10.6% |
| NORMA NOEJ.DE | Germany | $353M | -23% | -21% | -4% | 0.4× | -8.6% | -2.9% |
Energy Recovery reported $10.6M of remaining performance obligations at 30 Sep 2026, up 121% from a year earlier and up 1% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.