Energy Recovery Inc

Energy Recovery Inc

ERII · NASDAQ · Industrials / Pollution & Treatment Controls

7.27USD+0.10 (+1.39%)

Price History

Full chart

Market Stats

Previous Close7.17
Open7.21
Day Range7.09 – 7.31
52-Week Range6.69 – 18.32
Volume804.50K
Market Cap347.62M
P/E (TTM)26.19
Forward P/E21.23
EPS0.26
Dividend Yield0.00%
Beta0.90
50-Day Avg7.92
200-Day Avg10.56

About

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, Northern Africa, Asia, and Europe. It operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra high-pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation pumps for use in water treatment industries, including seawater and brackish desalination, and wastewater treatment. It also provides PX G1300, which reduces energy consumption and operating costs of carbon dioxide-based refrigeration systems; and spare parts, as well as repair, field, and commissioning services. The company sells its products under the ERI, PX, PX Pressure Exchanger, Pressure Exchanger, Ultra High-Pressure PX, PX G1300, PX PowerTrain, PX G, AT, and Aquabold brands to supermarket chains, cold storage facilities, refrigeration system installers or OEMs, and other industrial users; and aftermarket customers consisting of desalination plant owners and operators. Energy Recovery, Inc. was incorporated in 1992 and is headquartered in San Leandro, California.

Company Details

  • SectorIndustrials
  • IndustryPollution & Treatment Controls
  • CEOMr. Alexander J. Buehler
  • Employees230
  • Headquarters1717 Doolittle Drive, San Leandro, CA, United States, 94577, USA
  • Websitehttps://www.energyrecovery.com

Leadership

  • Mr. Alexander J. BuehlerInterim President, CEO & Director · b. 1976
  • Mr. Natarajan RamananChief Technology Officer · b. 1961
  • Mr. William W. Yeung J.D.Chief Legal Officer & Secretary to the Board · b. 1972
  • Mr. Rodney ClementeSenior Vice President of Water · b. 1980
  • Mr. Aidan M. RyanChief Financial Officer
  • Mr. Chris HartlageVice President of Operations
  • Ms. Kelley VendelandVice President of Marketing & Sustainability
  • Mr. Matt HostetlerChief Human Resources Officer

Financials

Income Statement

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue4.04M4.05M10.69M20.06M35.41M52.12M47.01M45.85M28.05M42.63M43.05M30.43M44.71M54.72M63.16M74.52M72.83M92.09M103.90M125.59M128.35M144.95M134.70M
Growth (%)-+0.05%+164.12%+87.65%+76.56%+47.17%-9.79%-2.47%-38.83%+52.00%+0.97%-29.32%+46.96%+22.37%+15.43%+17.99%-2.26%+26.44%+12.83%+20.87%+2.20%+12.93%-7.07%
Cost of Revenue2.01M2.02M-8.13M14.85M18.93M17.59M23.78M20.25M22.42M17.32M13.71M19.11M17.85M19.06M17.87M20.34M28.25M32.67M38.23M41.27M48.02M46.92M
Gross Profit2.03M2.03M10.69M11.93M20.56M33.19M29.42M22.07M7.80M20.21M25.72M16.71M25.60M36.87M44.09M56.64M52.50M63.84M71.23M87.36M87.08M96.93M87.78M
Gross Margin50.26%50.21%100.00%59.46%58.06%63.67%62.57%48.14%27.81%47.41%59.76%54.93%57.26%67.38%69.82%76.01%72.08%69.32%68.56%69.56%67.85%66.87%65.17%
Operating Expense1.83M2.43M08.29M11.23M20.29M23.27M27.04M33.09M28.87M28.61M35.20M37.39M36.51M40.82M46.66M42.13M32.55M57.40M62.53M68.03M77.21M63.22M
Operating Income201.00K-400.00K10.69M3.64M9.33M12.90M6.15M-4.97M-25.29M-8.65M-2.89M-18.48M-11.79M357.00K3.28M9.98M10.36M31.29M13.83M24.83M19.05M19.72M24.55M
Operating Margin4.97%-9.88%100.00%18.15%26.34%24.75%13.08%-10.83%-90.18%-20.30%-6.71%-60.75%-26.37%0.65%5.19%13.39%14.23%33.98%13.31%19.77%14.84%13.61%18.23%
EBITDA201.00K-399.00K10.69M3.87M9.65M14.30M7.39M237.00K-20.32M-4.71M1.09M-14.39M-8.09M7.11M12.91M15.30M14.76M38.92M19.94M32.37M28.45M28.02M31.36M
EBITDA Margin4.97%-9.86%100.00%19.30%27.25%27.43%15.71%0.52%-72.45%-11.04%2.54%-47.28%-18.10%12.99%20.45%20.53%20.26%42.27%19.19%25.78%22.17%19.33%23.28%
Net Income174.00K-506.00K894.00K2.38M5.79M8.66M3.69M-3.61M-26.44M-8.25M-3.11M-18.70M-11.64M1.03M12.35M22.09M10.91M26.39M14.27M24.05M21.50M23.05M22.96M
Net Income Margin4.30%-12.50%8.36%11.88%16.36%16.62%7.84%-7.87%-94.28%-19.36%-7.22%-61.48%-26.03%1.89%19.55%29.65%14.98%28.65%13.73%19.15%16.75%15.90%17.05%
R&D25.00K340.00K-1.27M1.71M2.42M3.04M3.94M3.53M4.77M4.36M9.69M7.66M10.14M13.44M17.01M23.40M23.45M20.07M17.91M17.00M16.24M6.34M
R&D as % of Total Revenue0.62%8.40%-6.32%4.81%4.63%6.47%8.60%12.57%11.20%10.13%31.85%17.13%18.53%21.29%22.83%32.13%25.46%19.31%14.26%13.25%11.20%4.71%
Interest Expense38.00K54.00K077.00K105.00K79.00K46.00K73.00K34.00K6.00K0042.00K3.00K2.00K1.00K2.01M3.83M173.00K908.00K---
Interest Expense % of Total Revenue0.94%1.33%0.00%0.38%0.30%0.15%0.10%0.16%0.12%0.01%0.00%0.00%0.09%0.01%0.00%0.00%2.76%4.15%0.17%0.72%---

Balance Sheet

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.44M3.05M-13.54M27.30M120.61M142.97M133.92M110.71M104.55M102.20M85.94M151.80M149.06M161.74M179.84M188.77M204.31M213.69M217.04M252.97M242.79M231.51M
Total Liabilities1.21M2.06M-5.41M7.24M13.61M22.00M13.12M13.76M17.17M15.28M16.02M88.14M83.93M79.21M66.46M52.76M32.69M34.91M31.70M33.17M32.78M25.32M
Total Equity1.24M993.00K-8.13M20.06M107.00M120.97M120.80M96.95M87.38M86.92M69.92M63.66M65.13M82.53M113.38M136.01M171.62M178.78M185.34M219.81M210.01M206.19M
Cash---42.00K240.00K79.29M59.12M55.34M18.51M16.64M14.37M15.50M99.93M61.36M27.78M21.95M26.39M94.25M74.36M56.35M68.10M29.63M48.08M
Total Debt---765.00K830.00K621.00K1.08M517.00K185.00K18.00K--48.00K38.00K27.00K13.48M12.56M17.69M16.44M14.88M13.28M11.32M9.43M
Net Debt---723.00K590.00K-78.67M-58.03M-54.82M-18.32M-16.62M-14.37M-15.50M-99.88M-61.33M-27.75M-8.47M-13.83M-76.57M-57.91M-41.48M-54.82M-18.31M-38.65M

Cash Flow

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow822.00K-2.83M1.36M12.82M1.70M-8.26M-4.43M2.09M-3.71M69.06M4.96M2.90M7.57M5.27M16.87M13.53M12.63M26.05M20.52M18.77M
Investing Cash Flow-511.00K-2.04M650.00K-31.89M-5.54M-28.27M6.66M-4.85M6.50M14.02M-40.71M-37.37M-10.16M-6.88M46.60M-20.56M-6.95M-19.11M-15.65M33.98M
Financing Cash Flow-530.00K5.08M77.07M-1.06M121.00K-267.00K-4.11M486.00K-1.80M1.37M-2.79M951.00K-5.89M5.96M4.37M-12.79M-23.67M4.79M-43.28M-34.53M
Capital Expenditure328.00K918.00K667.00K7.69M9.53M1.97M2.81M1.13M2.56M572.00K1.11M7.38M5.24M7.38M6.79M6.68M3.13M2.57M1.30M1.33M
Free Cash Flow494.00K-3.75M697.00K5.13M-7.83M-10.22M-7.24M956.00K-6.28M68.48M3.85M-4.48M2.33M-2.11M10.09M6.85M9.50M23.49M19.22M17.44M
Dividends Paid-----004.14M0010.00K0--------
FCF to OCF60.10%132.45%51.10%40.02%-461.07%123.81%163.40%45.79%168.96%99.17%77.60%-154.78%30.80%-40.13%59.78%50.62%75.22%90.15%93.68%92.91%
Dividend Paid to FCF-----0.00%0.00%433.37%0.00%0.00%0.26%0.00%--------

Earnings

Report DateAug 13, 2008Nov 11, 2008Mar 3, 2009May 7, 2009Aug 6, 2009Nov 5, 2009Mar 4, 2010May 6, 2010Aug 5, 2010Nov 4, 2010Mar 3, 2011May 5, 2011Aug 4, 2011Nov 3, 2011Mar 8, 2012May 2, 2012Aug 1, 2012Nov 7, 2012Mar 6, 2013May 8, 2013Jul 31, 2013Nov 6, 2013Mar 5, 2014May 7, 2014Aug 6, 2014Nov 10, 2014Mar 5, 2015May 7, 2015Aug 6, 2015Nov 5, 2015Mar 3, 2016May 4, 2016Aug 3, 2016Nov 2, 2016Mar 8, 2017May 3, 2017Aug 2, 2017Nov 1, 2017Mar 7, 2018May 3, 2018Aug 2, 2018Nov 1, 2018Mar 7, 2019May 2, 2019Aug 2, 2019Nov 1, 2019Mar 5, 2020May 1, 2020Jul 31, 2020Oct 30, 2020Mar 11, 2021May 7, 2021Aug 5, 2021Nov 4, 2021Feb 24, 2022May 4, 2022Aug 3, 2022Nov 2, 2022Feb 22, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 21, 2024May 1, 2024Jul 31, 2024Oct 30, 2024Feb 19, 2025May 7, 2025Aug 6, 2025Nov 5, 2025Feb 25, 2026May 6, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate--0.010.080.03--0.04-0.01--0.01--0.03-0.06-0.08-0.04-0.07-0.05-0.02-0.01-0.06-0.06-0.020.08-0.03-0.04-0.080.04-0.06-0.08-0.040.360.01-0.040.140.030.01-0.01-0.010.12-0.010.030.05-0.010.030.050.03-0.020.010.280.040.040.100.01-0.010.110.06-0.040.110.15-0.13-0.020.040.38-0.12-0.080.140.400.000.020.050.64-0.07-0.07-0.04
EPS Actual0.040.010.100.03-0.000.010.030.01-0.01-0.07-0.03-0.03-0.06-0.21-0.14-0.090.01-0.03-0.04-0.09-0.03-0.080.13-0.07-0.09-0.11-0.09-0.16-0.06-0.010.01-0.040.01-0.010.06-0.01-0.010.030.060.010.070.080.030.050.070.09-0.010.010.330.100.060.120.020.020.090.14-0.040.090.24-0.11-0.030.170.34-0.080.090.210.50-0.140.070.070.53-0.11-0.06-
Surprise-200.00%25.00%0.00%---25.00%200.00%--600.00%-0.00%0.00%-162.50%-250.00%-28.57%120.00%-50.00%-300.00%-50.00%50.00%-300.00%62.50%-133.33%-125.00%-37.50%-325.00%-166.67%25.00%75.00%-97.22%-500.00%125.00%-107.14%100.00%-200.00%0.00%400.00%-50.00%200.00%133.33%60.00%400.00%66.67%40.00%200.00%50.00%0.00%17.86%150.00%50.00%20.00%100.00%500.00%-18.18%133.33%0.00%-18.18%60.00%15.38%-50.00%325.00%-10.53%33.33%212.50%50.00%23.98%-4342.42%250.00%40.00%-16.86%-57.14%14.29%-
Timing-After-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap347.62M
Enterprise Value262.28M
Trailing P/E26.19
Forward P/E21.23
PEG Ratio3.33
Price / Sales2.88
Price / Book2.01
EPS0.26
Book Value3.37
Revenue (TTM)120.57M
Gross Profit (TTM)78.81M
EBITDA23.53M
Profit Margin12.72%
Operating Margin-41.92%
Return on Equity8.58%
Return on Assets6.00%
Shares Outstanding51.04M
Shares Float49.20M
Beta0.90
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 3 analystsTarget 8.00
  • Strong Buy
    2
  • Hold
    1

Ownership Breakdown

Institutions
97.73%
Insiders
2.00%
Retail / Other
0.27%

Top Institutional Holders

  • BlackRock Inc
    6.09M11.93%
  • Ameriprise Financial Inc
    5.26M10.30%
  • Amundi
    3.74M7.33%
  • Vanguard Capital Management, LLC
    2.23M4.37%
  • Fidelity International Ltd
    1.99M3.89%
  • Legal & General Group PLC
    1.90M3.73%
  • State Street Corp
    1.77M3.47%
  • Geode Capital Management, LLC
    1.30M2.54%
  • Vanguard Portfolio Management, LLC
    1.26M2.47%
  • Dimensional Fund Advisors, Inc.
    878.72K1.72%
  • ArrowMark Colorado Holdings, LLC (ArrowMark Partners)
    847.00K1.66%
  • Amvescap Plc.
    826.30K1.62%
  • Avenir Corporation
    817.75K1.60%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.54M3.01%
  • KBI Water A GBP
    1.37M2.68%
  • iShares Russell 2000 ETF
    1.32M2.60%
  • L&G Clean Water ETF
    1.32M2.58%
  • Amundi KBI Aqua C
    1.07M2.10%
  • Fidelity Water & Waste A Acc EUR
    1.01M1.98%
  • Meridian Contrarian Legacy
    847.00K1.66%