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Designs, deploys and operates modular distributed power-generation systems for data centers, utilities and industrial customers.
Designs, deploys and operates modular distributed power-generation systems for data centers, utilities and industrial customers.
In one line: A modular-power version of Generac.
Moat: narrow (installed base, switching costs). Long-term power-supply contracts and on-site assets make switching providers mid-contract disruptive.
Size ERock (EROC) is a United States Industrials company (Electrical Products) with a market value of $1.56B, the 1964th largest of 3,117 United States companies the cockpit tracks. Shares closed at $7.12 on 6 Nov 2026.
Growth Revenue grew 42.5% over the last twelve months (peer median +24.2%); the operating margin is -19.0% (peer median 8.8%).
Valuation It trades at 35.8× forward earnings against a peer median of 21.3× (4th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +43%, so the hurdle is -30 pp: the price already allows for a slowdown.
Backlog Backlog (remaining performance obligations) was $1.80B at 30 Jun 2026. Backlog detail →
Short interest Short interest is 23.8% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | n/a | $183M | $128M |
| Revenue growth | — | +43% | — |
| Gross profit | n/a | $34.0M | $15.4M |
| EBITDA | n/a | -$27.1M | -$37.3M |
| Net income | n/a | -$63.7M | -$56.9M |
| Free cash flow | n/a | $112M | -$33.2M |
| Capital expenditure | n/a | $4.67M | $9.00M |
| Total debt | $30.2M | $72.7M | $84.3M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ERock EROC | $1.56B | n/a | +43% | -19% | 35.8× | 12.5% |
| Generac GNRC | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
| Cummins CMI | $62.0B | -34% | +3% | 11% | 13.8× | 11.6% |
| Bloom Energy BE | $51.2B | -21% | +111% | 15% | 36.5× | n/a |
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 | EROC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -41.7% | -15.8% | 2nd lowest of 21 |
| Distance from 52-week high | -65.6% | -60.3% | 9th lowest of 21 |
| Revenue growth (TTM) | +42.5% | +24.2% | 6th highest of 21 |
| Operating margin | -19.0% | 8.8% | lowest of 21 |
| Forward P/E | 35.8× | 21.3× | 4th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 12.5% | 15.0% | 5th least demanding of 11 |
| Growth delivered (Del g) | +42.5% | +14.0% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | -30.1 pp | -5.5 pp | 2nd least demanding of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ERock EROC | United States | $1.56B | n/a | +43% | -19% | 35.8× | 12.5% | +42.5% |
| Hangzhou Gold Electronic Equipment 301669.SZ | China | $1.56B | n/a | +37% | 9% | n/a | n/a | n/a |
| Sinfonia Technology 6507.T | Japan | $1.56B | -39% | +9% | 15% | 14.2× | 15.4% | +8.0% |
| Long Young Electronic (Kunshan) 301389.SZ | China | $1.55B | -41% | +103% | 17% | 55.4× | 46.5% | +3.3% |
| Shenzhen SDG Information 000070.SZ | China | $1.55B | -33% | +27% | -1% | n/a | 28.4% | -1.3% |
| Yangtze Optical Electronic 688143.SS | China | $1.59B | +56% | +25% | 2% | 296.7× | n/a | n/a |
| Shandong Hi-tech Spring Material Technology 301292.SZ | China | $1.54B | -46% | +46% | 11% | 31.8× | n/a | n/a |
| Beijing Victory Electric 001393.SZ | China | $1.53B | n/a | +31% | 11% | n/a | n/a | n/a |
| Hammond Power Solutions HPS-A.TO | Canada | $1.60B | -41% | +51% | 11% | 13.7× | 9.4% | +22.8% |
| Cswind 112610.KS | South Korea | $1.52B | -31% | -8% | 7% | 11.6× | -0.5% | +23.8% |
| Iljin Electric 103590.KS | South Korea | $1.52B | -65% | +24% | 9% | 11.2× | n/a | n/a |
| Shenzhen Hopewind Electric 603063.SS | China | $1.52B | -50% | -5% | 9% | 24.6× | 14.6% | +12.3% |
| Hainan Drinda New Energy Technology 2865.HK | Hong Kong | $1.62B | -65% | +1% | -13% | n/a | 29.6% | +53.8% |
| Up-Shine Lighting 301362.SZ | China | $1.50B | -39% | +15% | 7% | 29.5× | n/a | n/a |
| Shanghai Electric Wind Power 688660.SS | China | $1.50B | -39% | +69% | -6% | n/a | n/a | n/a |
| Aerospace Hi-Tech 000901.SZ | China | $1.63B | -43% | -21% | 1% | n/a | n/a | n/a |
| Zhejiang Zhaolong Interconnect Technology Co. Limited 300913.SZ | China | $1.49B | -45% | +29% | 12% | 44.1× | n/a | n/a |
| Inox Wind INOXWIND.NS | India | $1.49B | -39% | +17% | 15% | 15.4× | n/a | n/a |
| Aerospace Intelligent Manufacturing Technology 300446.SZ | China | $1.48B | -38% | -14% | 5% | 21.3× | 2.1% | +133.1% |
| Googol Technology 301510.SZ | China | $1.65B | -30% | +66% | 21% | n/a | 50.5% | +14.1% |
| Guodian Nanjing Automation 600268.SS | China | $1.48B | -35% | -5% | 9% | 15.2× | -0.1% | +13.9% |
ERock reported $1.80B of remaining performance obligations at 30 Jun 2026.