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ER

Energy Recovery, Inc.

ERIIIndustrialsNASDAQ

Pollution & Treatment Controls · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$135.0M
-6.9% YoY
Net Income
$23.0M
-0.4% YoY
EBITDA
$28.0M
+6.5% YoY
Free Cash Flow
$20.7M

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About Energy Recovery, Inc.

Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East,. At a $421.6M market cap, Energy Recovery, Inc. ranks as a small-cap company within industrials. It operates through Water and Emerging Technologies segments.

Key stats
Market Cap$421.6M
P/E (TTM)22.11
Fwd P/E15.29
EPS$0.37
Beta1.04
52W Change-34.7%
ROE10.8%
Analysis

Energy Recovery, Inc. holds $86.2M in cash against $8.8M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company generates $20.7M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 10.8% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 7.5% suggests reasonable efficiency in deploying the company's asset base. Revenue has been relatively flat, moving from $125.6M (2022) to $135.0M (2025).

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. No single metric tells the full story. Reviewing ERII's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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