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Energy Recovery, Inc.

$7.09 -$6.63 (-48.32%)
NASDAQ · 14 Sep 2026 20:00 UTC
Previous Close
$7.55
Day Range
$6.93$7.27
Year Range
$6.93$18.32
Market Cap
365.46M
AVG Volume
1.07M
Trailing/Forward PE
24.21/42.97
PEG ratio
-0.12
Dividend Yield
-
Next Earnings Date
2026-11-04
Primary Exchange
NASDAQUS
Revenue (USD)
050M100M150M2016201720182019202020212022202320242025
ERII Revenue (USD) by year
PeriodRevenue (USD)
2025134.7M
2024144.95M
2023128.35M
2022125.59M
2021103.9M
202092.09M
201983.22M
201874.52M
201763.16M
201654.72M
Net Income (USD)
010M20M30M2016201720182019202020212022202320242025
ERII Net Income (USD) by year
PeriodNet Income (USD)
202522.96M
202423.05M
202321.5M
202224.05M
202114.27M
202026.39M
201910.91M
201822.09M
201712.35M
20161.03M
Operating Income (USD)
010M20M30M40M2016201720182019202020212022202320242025
ERII Operating Income (USD) by year
PeriodOperating Income (USD)
202524.55M
202419.72M
202319.05M
202224.83M
202113.83M
202031.29M
201910.36M
20189.98M
20173.28M
2016357K
EBITDA (USD)
010M20M30M40M2016201720182019202020212022202320242025
ERII EBITDA (USD) by year
PeriodEBITDA (USD)
202539.01M
202432.79M
202328.45M
202232.37M
202119.86M
202037.43M
201914.34M
201815.31M
201711.85M
20164.27M
Cash Flows (USD)
-10M010M20M30M2016201720182019202020212022202320242025
ERII Cash Flows (USD) by year
PeriodCash Flows (USD)
202517.44M
202419.22M
202323.49M
20228.4M
20216.85M
202010.09M
2019-2.11M
20182.33M
2017-4.48M
20163.85M
EPS (USD)
00.20.40.62016201720182019202020212022202320242025
ERII EPS (USD) by year
PeriodEPS (USD)
20250.43
20240.41
20230.37
20220.42
20210.25
20200.47
20190.2
20180.39
20170.26
20160.02
Expenses (USD)
020M40M60M80MR&DSG&ACapex2016201720182019202020212022202320242025
ERII Expenses (USD) by year
PeriodExpenses (USD)
202565.92M
202476.03M
202370.6M
202266.76M
202164.08M
202063.88M
201963.05M
201851.27M
201747.56M
201636.99M
Cash & Debt (USD)
050M100M150MCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
ERII Cash & Debt (USD) by year
PeriodCash & Debt (USD)
202575.25M
202478.02M
2023108.54M
202289.83M
2021105.69M
2020114.7M
201985.12M
201895.29M
201797.8M
2016100.44M
Debt ratios
-4-3-2-1020182019202020212022202320242025
ERII Debt ratios by year
PeriodDebt ratios
2025-0.5
2024-0.59
2023-0.81
2022-0.72
2021-1.03
2020-1.23
2019-1.59
2018-3.44
Margins
0%20%40%60%80%2016201720182019202020212022202320242025
ERII Margins by year
PeriodMargins
202565.17%
202466.87%
202367.85%
202269.56%
202168.56%
202069.32%
201975.57%
201876.01%
201769.82%
201667.38%
Return on Capital
0%5%10%15%20%2016201720182019202020212022202320242025
ERII Return on Capital by year
PeriodReturn on Capital
202511.14%
202410.98%
20239.78%
202212.98%
20217.98%
202015.37%
20198.02%
201819.49%
201714.96%
20161.59%
Shares Outstanding
020M40M60M2016201720182019202020212022202320242025
ERII Shares Outstanding by year
PeriodShares Outstanding
202552.91M
202456.63M
202356.73M
202256.01M
202156.82M
202056.11M
201955.18M
201853.66M
201753.58M
201652.11M
Book Value Per Share (USD)
012342016201720182019202020212022202320242025
ERII Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
20253.9
20243.71
20233.87
20223.31
20213.15
20203.06
20192.46
20182.11
20171.54
20161.25
Total Assets (USD)
0100M200M300M2016201720182019202020212022202320242025
ERII Total Assets (USD) by year
PeriodTotal Assets (USD)
2025231.51M
2024242.79M
2023252.97M
2022217.04M
2021213.69M
2020204.31M
2019188.77M
2018179.84M
2017161.74M
2016149.06M
Employee Count
01002003002016201720182019202020212022202320242025
ERII Employee Count by year
PeriodEmployee Count
2025230
2024254
2023269
2022246
2021222
2020216
2019188
2018143
2017133
2016120
PE Ratio
2030405060med 34.57Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
ERII PE Ratio by year
PeriodPE Ratio
Sep 2623.79
Sep 2625.33
Sep 2625.6
Aug 2626.07
Aug 2626.5
Aug 2628.01
Aug 2629.12
Jul 2622.12
Jul 2621.53
Jul 2622.05
Jul 2622.33
Jul 2622.61
Jun 2622.56
Jun 2624.09
Jun 2621.3
Jun 2620.48
May 2620.89
May 2622.63
May 2621.51
May 2623.35
May 2625.44
Apr 2625.99
Apr 2624.38
Apr 2625.6
Apr 2623.51
Mar 2622.75
Mar 2621.8
Mar 2623.16
Mar 2624.45
Feb 2624.04
Feb 2644.23
Feb 2642.49
Feb 2642.13
Jan 2639.74
Jan 2638.95
Jan 2638.95
Jan 2638.57
Jan 2637.37
Dec 2537.8
Dec 2538.32
Dec 2539.41
Dec 2540.09
Nov 2539.36
Nov 2537.15
Nov 2539.63
Nov 2538.08
Oct 2538.48
Oct 2540.73
Oct 2537.69
Oct 2534.34
Oct 2535.47
Sep 2534.45
Sep 2533.04
Sep 2532.29
Sep 2532.43
Aug 2531.96
Aug 2533.13
Aug 2531.89
Aug 2531.91
Aug 2532.77
Jul 2535.56
Jul 2534.69
Jul 2533.71
Jul 2533.82
Jun 2532.33
Jun 2530.79
Jun 2531.67
Jun 2532.36
May 2532.31
May 2532.18
May 2533.71
May 2529.13
May 2538.82
Apr 2537.27
Apr 2536.43
Apr 2536.46
Apr 2535.4
Mar 2539.19
Mar 2539.58
Mar 2540.24
Mar 2540.22
Feb 2536.75
Feb 2543.65
Feb 2545.56
Feb 2543.29
Jan 2542.73
Jan 2542.91
Jan 2544.01
Jan 2542.13
Jan 2544.87
Dec 2444.28
Dec 2445.11
Dec 2448
Dec 2448.45
Nov 2446.36
Nov 2447.08
Nov 2455.87
Nov 2458.73
Nov 2455.21
Oct 2449.71
Free Cash Flow Yield
0%2.5%5%7.5%10%12.5%med 2.7%Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
ERII Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 2610.58%
Sep 269.93%
Sep 269.83%
Aug 269.65%
Aug 269.49%
Aug 268.98%
Aug 268.64%
Jul 265.97%
Jul 266.13%
Jul 265.99%
Jul 265.91%
Jul 265.84%
Jun 265.85%
Jun 265.48%
Jun 266.2%
Jun 266.44%
May 266.32%
May 265.83%
May 266.14%
May 265.65%
May 262.99%
Apr 262.92%
Apr 263.12%
Apr 262.97%
Apr 263.23%
Mar 263.34%
Mar 263.48%
Mar 263.28%
Mar 263.11%
Feb 263.16%
Feb 262.3%
Feb 262.4%
Feb 262.42%
Jan 262.56%
Jan 262.61%
Jan 262.61%
Jan 262.64%
Jan 262.73%
Dec 252.69%
Dec 252.66%
Dec 252.58%
Dec 252.54%
Nov 252.59%
Nov 252.74%
Nov 252.57%
Nov 252.67%
Oct 252.17%
Oct 252.05%
Oct 252.22%
Oct 252.44%
Oct 252.36%
Sep 252.43%
Sep 252.53%
Sep 252.59%
Sep 252.58%
Aug 252.62%
Aug 252.52%
Aug 252.62%
Aug 252.62%
Aug 253.42%
Jul 253.15%
Jul 253.23%
Jul 253.33%
Jul 253.32%
Jun 253.47%
Jun 253.64%
Jun 253.54%
Jun 253.47%
May 253.47%
May 253.49%
May 253.33%
May 253.85%
May 252.15%
Apr 252.24%
Apr 252.29%
Apr 252.29%
Apr 252.36%
Mar 252.13%
Mar 252.11%
Mar 252.07%
Mar 252.07%
Feb 252.27%
Feb 252.69%
Feb 252.58%
Feb 252.71%
Jan 252.75%
Jan 252.74%
Jan 252.67%
Jan 252.79%
Jan 252.62%
Dec 242.65%
Dec 242.6%
Dec 242.45%
Dec 242.42%
Nov 242.53%
Nov 242.49%
Nov 242.1%
Nov 242%
Nov 242.13%
Oct 243.26%
Price to Sales
246810med 5.5Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
ERII Price to Sales by year
PeriodPrice to Sales
Sep 263.03
Sep 263.23
Sep 263.26
Aug 263.32
Aug 263.38
Aug 263.57
Aug 263.71
Jul 263.34
Jul 263.25
Jul 263.33
Jul 263.37
Jul 263.41
Jun 263.41
Jun 263.64
Jun 263.22
Jun 263.09
May 263.16
May 263.42
May 263.25
May 263.53
May 264.34
Apr 264.43
Apr 264.16
Apr 264.36
Apr 264.01
Mar 263.88
Mar 263.72
Mar 263.95
Mar 264.17
Feb 264.1
Feb 266.39
Feb 266.13
Feb 266.08
Jan 265.74
Jan 265.62
Jan 265.62
Jan 265.57
Jan 265.4
Dec 255.46
Dec 255.53
Dec 255.69
Dec 255.79
Nov 255.68
Nov 255.36
Nov 255.72
Nov 255.5
Oct 256.55
Oct 256.93
Oct 256.41
Oct 255.84
Oct 256.04
Sep 255.86
Sep 255.62
Sep 255.5
Sep 255.52
Aug 255.44
Aug 255.64
Aug 255.43
Aug 255.43
Aug 254.98
Jul 255.41
Jul 255.28
Jul 255.13
Jul 255.14
Jun 254.92
Jun 254.68
Jun 254.82
Jun 254.92
May 254.91
May 254.89
May 255.13
May 254.43
May 256.17
Apr 255.93
Apr 255.79
Apr 255.8
Apr 255.63
Mar 256.23
Mar 256.29
Mar 256.4
Mar 256.4
Feb 255.84
Feb 256.26
Feb 256.54
Feb 256.21
Jan 256.13
Jan 256.16
Jan 256.32
Jan 256.05
Jan 256.44
Dec 246.35
Dec 246.47
Dec 246.89
Dec 246.95
Nov 246.65
Nov 246.76
Nov 248.02
Nov 248.43
Nov 247.92
Oct 247.66
EV/EBITDA
010203040med 22.81Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
ERII EV/EBITDA by year
PeriodEV/EBITDA
Sep 2610.12
Sep 2610.98
Sep 2611.12
Aug 2611.38
Aug 2611.63
Aug 2612.46
Aug 2613.08
Jul 2610.35
Jul 2610.01
Jul 2610.3
Jul 2610.46
Jul 2610.62
Jun 2610.59
Jun 2611.45
Jun 269.88
Jun 269.42
May 269.65
May 2610.63
May 2610
May 2611.04
May 2613.29
Apr 2613.61
Apr 2612.66
Apr 2613.38
Apr 2612.15
Mar 2611.7
Mar 2611.14
Mar 2611.95
Mar 2612.7
Feb 2612.46
Feb 2627.96
Feb 2626.78
Feb 2626.54
Jan 2624.91
Jan 2624.37
Jan 2624.37
Jan 2624.11
Jan 2623.3
Dec 2523.59
Dec 2523.95
Dec 2524.69
Dec 2525.15
Nov 2524.65
Nov 2523.15
Nov 2524.83
Nov 2523.78
Oct 2526.02
Oct 2527.66
Oct 2525.44
Oct 2522.99
Oct 2523.82
Sep 2523.08
Sep 2522.04
Sep 2521.5
Sep 2521.6
Aug 2521.25
Aug 2522.11
Aug 2521.2
Aug 2521.22
Aug 2520.8
Jul 2522.77
Jul 2522.16
Jul 2521.47
Jul 2521.54
Jun 2520.49
Jun 2519.4
Jun 2520.02
Jun 2520.51
May 2520.47
May 2520.38
May 2521.47
May 2518.22
May 2525.25
Apr 2524.16
Apr 2523.58
Apr 2523.59
Apr 2522.85
Mar 2525.51
Mar 2525.79
Mar 2526.25
Mar 2526.24
Feb 2523.8
Feb 2527.78
Feb 2529.17
Feb 2527.52
Jan 2527.11
Jan 2527.24
Jan 2528.05
Jan 2526.68
Jan 2528.67
Dec 2428.24
Dec 2428.85
Dec 2430.95
Dec 2431.28
Nov 2429.76
Nov 2430.28
Nov 2436.68
Nov 2438.77
Nov 2436.21
Oct 2433.37
Price/Operating Cashflow
01020304050med 33.75Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
ERII Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 268.84
Sep 269.41
Sep 269.51
Aug 269.68
Aug 269.85
Aug 2610.41
Aug 2610.82
Jul 2615.64
Jul 2615.22
Jul 2615.58
Jul 2615.78
Jul 2615.98
Jun 2615.94
Jun 2617.03
Jun 2615.06
Jun 2614.48
May 2614.77
May 2616
May 2615.2
May 2616.51
May 2631.12
Apr 2631.8
Apr 2629.83
Apr 2631.32
Apr 2628.76
Mar 2627.82
Mar 2626.67
Mar 2628.33
Mar 2629.91
Feb 2629.4
Feb 2641.81
Feb 2640.17
Feb 2639.83
Jan 2637.56
Jan 2636.82
Jan 2636.82
Jan 2636.46
Jan 2635.32
Dec 2535.74
Dec 2536.23
Dec 2537.26
Dec 2537.9
Nov 2537.2
Nov 2535.12
Nov 2537.46
Nov 2535.99
Oct 2544.68
Oct 2547.29
Oct 2543.77
Oct 2539.88
Oct 2541.18
Sep 2540.01
Sep 2538.36
Sep 2537.5
Sep 2537.66
Aug 2537.11
Aug 2538.47
Aug 2537.03
Aug 2537.06
Aug 2528.43
Jul 2530.85
Jul 2530.09
Jul 2529.25
Jul 2529.34
Jun 2528.05
Jun 2526.71
Jun 2527.47
Jun 2528.07
May 2528.03
May 2527.91
May 2529.25
May 2525.27
May 2543.6
Apr 2541.86
Apr 2540.92
Apr 2540.95
Apr 2539.76
Mar 2544.01
Mar 2544.45
Mar 2545.2
Mar 2545.17
Feb 2541.28
Feb 2533.38
Feb 2534.84
Feb 2533.11
Jan 2532.67
Jan 2532.81
Jan 2533.65
Jan 2532.22
Jan 2534.31
Dec 2433.86
Dec 2434.5
Dec 2436.71
Dec 2437.05
Nov 2435.45
Nov 2436
Nov 2442.72
Nov 2444.91
Nov 2442.22
Oct 2428.32
Price to Book
23456med 3.75Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
ERII Price to Book by year
PeriodPrice to Book
Sep 262.12
Sep 262.25
Sep 262.28
Aug 262.32
Aug 262.36
Aug 262.49
Aug 262.59
Jul 262.47
Jul 262.41
Jul 262.46
Jul 262.49
Jul 262.53
Jun 262.52
Jun 262.69
Jun 262.38
Jun 262.29
May 262.33
May 262.53
May 262.4
May 262.61
May 262.83
Apr 262.89
Apr 262.72
Apr 262.85
Apr 262.62
Mar 262.53
Mar 262.43
Mar 262.58
Mar 262.72
Feb 262.68
Feb 264.77
Feb 264.59
Feb 264.55
Jan 264.29
Jan 264.2
Jan 264.2
Jan 264.16
Jan 264.03
Dec 254.08
Dec 254.14
Dec 254.25
Dec 254.33
Nov 254.25
Nov 254.01
Nov 254.28
Nov 254.11
Oct 255.01
Oct 255.31
Oct 254.91
Oct 254.47
Oct 254.62
Sep 254.49
Sep 254.3
Sep 254.21
Sep 254.22
Aug 254.16
Aug 254.32
Aug 254.15
Aug 254.16
Aug 253.54
Jul 253.85
Jul 253.75
Jul 253.65
Jul 253.66
Jun 253.5
Jun 253.33
Jun 253.43
Jun 253.5
May 253.49
May 253.48
May 253.65
May 253.15
May 254.26
Apr 254.09
Apr 254
Apr 254
Apr 253.89
Mar 254.3
Mar 254.34
Mar 254.42
Mar 254.41
Feb 254.03
Feb 253.62
Feb 253.78
Feb 253.59
Jan 253.54
Jan 253.56
Jan 253.65
Jan 253.49
Jan 253.72
Dec 243.67
Dec 243.74
Dec 243.98
Dec 244.02
Nov 243.84
Nov 243.9
Nov 244.63
Nov 244.87
Nov 244.58
Oct 244.68
Energy Recovery, Inc.
ERII
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News: ERII

Diamond Hill Small-Mid Cap Strategy Q2 2026 Portfolio Review

seekingalpha.com · 25 Aug 2026

Diamond Hill Small-Mid Cap Strategy Q2 2026 Portfolio Review

Diamond Hill Small-Mid Cap Strategy increased 9.73% (net of fees) compared to a 20.26% increase for the Russell 2500 Index. Shares of electrical product manufacturer Regal Rexnord rose in 2Q26 after reporting solid results on strong data center demand. Given the fundamental headwinds Wix.com is facing, we exited our position to deploy capital to more attractive opportunities.

Energy Recovery Losses Revenues Outside Of The Middle East Despite The War

seekingalpha.com · 12 Aug 2026

Energy Recovery Losses Revenues Outside Of The Middle East Despite The War

Energy Recovery (ERII) reported a 60% revenue collapse in 2Q26, with Desalination down 80% and significant weakness beyond the Middle East. Unexplained revenue declines in Europe and Asia raise concerns about potential structural or competitive issues beyond the Iran conflict. ERII's balance sheet strength is overstated due to depleted receivables; much of current cash will be needed to rebuild working capital if business recovers.

Diamond Hill Small-Mid Cap Fund Q2 2026 Portfolio Review

seekingalpha.com · 6 Aug 2026

Diamond Hill Small-Mid Cap Fund Q2 2026 Portfolio Review

The Fund increased 9.71% compared to a 20.26% increase for the Russell 2500 Index. We initiated a position in managed care provider Centene. Shares of website design software provider Wix.com were sold as the company's core business has experienced slowing growth due to AI-driven vibe coding.

Energy Recovery, Inc. (ERII) Q2 2026 Earnings Call Transcript

seekingalpha.com · 6 Aug 2026

Energy Recovery, Inc. (ERII) Q2 2026 Earnings Call Transcript

Energy Recovery, Inc. (ERII) Q2 2026 Earnings Call Transcript

Energy Recovery (ERII) Reports Q2 Loss, Misses Revenue Estimates

zacks.com · 5 Aug 2026

Energy Recovery (ERII) Reports Q2 Loss, Misses Revenue Estimates

Energy Recovery (ERII) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.07 per share a year ago.

Energy Recovery Q2 Earnings Call Highlights

marketbeat.com · 5 Aug 2026

Energy Recovery Q2 Earnings Call Highlights

Energy Recovery NASDAQ: ERII said it remains focused on executing its growth initiatives, managing costs and advancing its manufacturing footprint while geopolitical uncertainty continues to delay the timing of major desalination projects in the Middle East.

Energy Recovery Reports its Second Quarter 2026 Financial Results

businesswire.com · 5 Aug 2026

Energy Recovery Reports its Second Quarter 2026 Financial Results

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery”, “Company”, “we”, and “our”) today announced its financial results for the second quarter and six months ended June 30, 2026. Management has released a letter to shareholders reviewing business and financial updates from the second quarter and discussing our outlook for 2026. This letter is located under “News and Events” in the “Investors” section on the Energy Recovery website (https://ir.energyrecove.

Energy Recovery Signs Lease for New Manufacturing Facility Near Dammam, Saudi Arabia

businesswire.com · 28 Jul 2026

Energy Recovery Signs Lease for New Manufacturing Facility Near Dammam, Saudi Arabia

SAN LEANDRO, Calif.--(BUSINESS WIRE)--Energy Recovery (Nasdaq: ERII), a global leader in energy-efficient technology enabling affordable, reliable water and reduced emissions, today announced it has finalized a lease for a new manufacturing facility near Dammam Second Industrial City in Dammam, Saudi Arabia. The facility marks Energy Recovery's first in-Kingdom manufacturing operation and is expected to be operational in 2027.Saudi Arabia and the broader Gulf region rely on desalination for a su.

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