# Energy Recovery Inc. (ERII)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $429M  
**Price:** $7.92 (-2.46%)

> Energy Recovery Inc. is a leading industrial company that focuses on the innovation and development of energy solutions aimed at enhancing efficiency in fluid processing systems. The company is renowned for its pressure exchanger technology, which is pivotal in desalination processes, substantially reducing energy consumption and operational costs for water treatment facilities. Beyond its core application in desalination, Energy Recovery Inc. extends its expertise to various other sectors such as oil and gas, chemical manufacturing, and industrial wastewater, offering products that improve system performance and sustainability. Energy Recovery Inc. plays a critical role in the market by enabling industries to minimize environmental impact while boosting economic value through superior energy efficiency. This intersection of sustainable practices and industrial advancement positions the company as a key contributor to the global effort in energy conservation and climate change mitigation.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $135M | $88M | $24M | $23M | $0.42 |
| 2024 | $145M | $97M | $20M | $23M | $0.40 |
| 2023 | $128M | $87M | $19M | $22M | $0.37 |
| 2022 | $126M | $87M | $25M | $24M | $0.42 |
| 2021 | $104M | $71M | $14M | $14M | $0.24 |
| 2020 | $119M | — | $31M | $26M | $0.47 |
| 2019 | $87M | — | $10M | $11M | $0.19 |
| 2018 | $75M | — | $10M | $22M | $0.40 |
| 2017 | $69M | $39M | $9M | $18M | $0.33 |
| 2016 | $58M | $32M | $3M | $4M | $0.07 |
| 2015 | $44M | $25M | -$12M | -$12M | $-0.22 |
| 2014 | $30M | $17M | -$18M | -$19M | $-0.36 |
| 2013 | $43M | $26M | -$3M | -$3M | — |
| 2012 | $43M | $20M | -$9M | -$8M | — |
| 2011 | $28M | $8M | -$25M | -$26M | $-0.50 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $232M | $25M | $206M | $48M | — |
| 2024 | $243M | $33M | $210M | $30M | — |
| 2023 | $253M | $33M | $220M | $68M | — |
| 2022 | $217M | $32M | $185M | $56M | — |
| 2021 | $214M | $35M | $179M | $74M | — |
| 2020 | $204M | $33M | $172M | $94M | — |
| 2019 | $189M | $53M | $136M | $26M | — |
| 2018 | $180M | $66M | $113M | $22M | — |
| 2017 | $164M | $73M | $92M | $28M | $27,000 |
| 2016 | $149M | $84M | $68M | $61M | $38,000 |
| 2015 | $152M | $88M | $64M | $100M | $48,000 |
| 2014 | $86M | $16M | $70M | $16M | — |
| 2013 | $102M | $15M | $87M | $14M | — |
| 2012 | $105M | $17M | $87M | $17M | — |
| 2011 | $111M | $14M | $97M | $19M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $19M | $1M | $17M |
| 2024 | $21M | $1M | $19M |
| 2023 | $26M | $3M | $23M |
| 2022 | $13M | $4M | $8M |
| 2021 | $14M | $7M | $7M |
| 2020 | $17M | $7M | $10M |
| 2019 | $5M | $7M | -$2M |
| 2018 | $8M | $5M | $2M |
| 2017 | $3M | $7M | -$4M |
| 2016 | $5M | $1M | $4M |
| 2013 | $2M | $1M | $956,000 |
| 2012 | -$4M | $3M | -$7M |
| 2011 | -$8M | $2M | -$10M |
| 2010 | $2M | $10M | -$8M |
| 2009 | $13M | $8M | $5M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ERII)