Energy Recovery (ERII) Financials

$12.63 +0.07 (+0.56%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$12.63 0.00 (0.00%)

As of 05/27/2025 04:39 PM Eastern

Annual Income Statements for Energy Recovery

This table shows Energy Recovery's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	23	22	24	14	26	11	22	18	3.72	-12	-19
Consolidated Net Income / (Loss)	23	22	24	14	26	11	22	18	3.72	-12	-19
Net Income / (Loss) Continuing Operations	23	22	24	14	26	11	22	18	3.72	-12	-19
Total Pre-Tax Income	26	23	26	14	32	12	11	9.93	3.71	-12	-18
Total Operating Income	20	19	25	14	31	10	9.98	9.25	3.43	-12	-18
Total Gross Profit	97	87	87	71	91	52	57	50	32	44	30
Total Revenue	145	128	126	104	119	87	75	69	50	44	30
Operating Revenue	145	128	126	104	119	87	75	69	50	44	30
Total Cost of Revenue	48	41	38	33	28	20	18	19	18	0.00	0.00
Operating Cost of Revenue	48	41	38	33	28	20	18	19	18	-	-
Total Operating Expenses	77	68	63	57	59	56	47	41	28	55	49
Selling, General & Admin Expense	33	29	28	25	26	23	21	17	17	20	14
Marketing Expense	25	22	16	12	8.13	9.43	7.55	9.39	9.12	9.33	11
Research & Development Expense	16	17	18	20	23	23	17	13	10	7.66	9.69
Restructuring Charge	2.48	0.00	0.00	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	6.01	3.66	1.24	0.17	0.84	1.89	1.46	0.68	0.29	-0.18	0.07
Interest & Investment Income	6.22	3.76	0.91	0.20	0.91	2.01	1.54	-	0.31	0.05	-
Other Income / (Expense), net	-0.21	-0.10	0.33	-0.03	-0.07	-0.12	-0.08	0.68	-0.02	-0.19	0.07
Income Tax Expense	2.69	1.20	2.02	-0.27	5.75	1.34	-11	-8.43	-0.01	-0.33	0.29
Basic Earnings per Share	$0.40	$0.38	$0.43	$0.25	$0.47	$0.20	$0.41	$0.34	$0.07	($0.22)	($0.36)
Weighted Average Basic Shares Outstanding	57.21M	56.44M	56.22M	56.99M	55.71M	54.74M	53.76M	53.70M	52.34M	52.15M	51.68M
Diluted Earnings per Share	$0.40	$0.37	$0.42	$0.24	$0.47	$0.19	$0.40	$0.33	$0.07	($0.22)	($0.36)
Weighted Average Diluted Shares Outstanding	57.82M	57.74M	57.64M	58.72M	56.64M	56.07M	55.34M	55.61M	55.45M	52.15M	51.68M
Weighted Average Basic & Diluted Shares Outstanding	54.96M	57.08M	56.28M	56.81M	57.10M	55.49M	53.90M	53.99M	51.70M	52.90M	51.68M

This table shows Energy Recovery's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	23	8.48	-0.64	-8.26	20	9.66	-1.67	-6.30	14	4.79
Consolidated Net Income / (Loss)	23	8.48	-0.64	-8.26	20	9.66	-1.67	-6.30	14	4.79
Net Income / (Loss) Continuing Operations	23	8.48	-0.64	-8.26	20	9.66	-1.67	-6.30	14	4.79
Total Pre-Tax Income	27	8.83	-0.40	-9.55	22	10	-1.93	-7.46	15	5.16
Total Operating Income	26	7.06	-2.01	-11	21	9.13	-2.59	-8.11	15	4.91
Total Gross Profit	47	25	18	7.14	39	26	14	8.16	20	21
Total Revenue	67	39	27	12	57	37	21	13	42	30
Operating Revenue	67	39	27	12	57	37	21	13	42	30
Total Cost of Revenue	20	13	9.63	4.96	18	11	7.18	5.25	22	9.42
Operating Cost of Revenue	20	13	9.63	4.96	18	11	7.18	5.25	-	9.42
Total Operating Expenses	22	18	20	18	19	17	16	16	5.79	16
Selling, General & Admin Expense	8.30	7.67	9.53	7.57	7.16	7.37	7.27	7.07	7.19	7.61
Marketing Expense	6.75	6.41	6.10	6.15	6.77	5.41	5.09	4.89	4.36	4.70
Research & Development Expense	3.97	3.97	3.94	4.35	4.96	3.97	3.77	4.31	3.74	3.83
Total Other Income / (Expense), net	1.24	1.77	1.61	1.39	1.30	1.05	0.66	0.66	0.77	0.25
Interest & Investment Income	1.40	1.71	1.66	1.44	1.27	1.08	0.78	0.62	0.42	0.26
Other Income / (Expense), net	-0.16	0.06	-0.05	-0.05	0.03	-0.04	-0.13	0.04	0.34	-0.01
Income Tax Expense	3.38	0.34	0.24	-1.29	2.11	0.52	-0.27	-1.16	1.65	0.37
Basic Earnings per Share	$0.40	$0.15	($0.01)	($0.14)	$0.35	$0.17	($0.03)	($0.11)	$0.24	$0.09
Weighted Average Basic Shares Outstanding	57.21M	57.76M	57.37M	57.10M	56.44M	56.44M	56.36M	56.23M	56.22M	55.88M
Diluted Earnings per Share	$0.40	$0.15	($0.01)	($0.14)	$0.34	$0.17	($0.03)	($0.11)	$0.24	$0.08
Weighted Average Diluted Shares Outstanding	57.82M	58.29M	57.37M	57.10M	57.74M	57.97M	56.36M	56.23M	57.64M	57.37M
Weighted Average Basic & Diluted Shares Outstanding	54.96M	57.89M	57.72M	57.33M	57.08M	56.52M	56.41M	56.35M	56.28M	56.00M

This table details how cash moves in and out of Energy Recovery's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-38	12	-18	-20	68	4.35	-8.48	-35	-38	84	1.13
Net Cash From Operating Activities	21	26	13	14	17	5.27	7.57	2.90	4.97	69	-3.72
Net Cash From Continuing Operating Activities	21	26	13	14	17	5.27	7.57	2.90	4.97	69	-3.72
Net Income / (Loss) Continuing Operations	23	22	24	14	26	11	22	18	3.72	-12	-19
Consolidated Net Income / (Loss)	23	22	24	14	26	11	22	18	3.72	-12	-19
Depreciation Expense	4.05	4.10	4.76	4.50	5.30	4.40	3.87	3.67	3.68	3.84	4.03
Amortization Expense	0.44	0.78	2.22	2.01	0.39	0.07	0.36	0.46	0.17	0.16	0.45
Non-Cash Adjustments To Reconcile Net Income	7.61	10	2.99	8.41	6.31	-4.38	-5.10	-12	2.83	3.69	3.14
Changes in Operating Assets and Liabilities, net	-15	-10	-21	-16	-22	-5.72	-14	-7.80	-5.44	73	7.37
Net Cash From Investing Activities	-16	-19	-6.95	-21	47	-6.88	-10	-39	-40	14	6.50
Net Cash From Continuing Investing Activities	-16	-19	-6.95	-21	47	-6.88	-10	-39	-40	14	6.50
Purchase of Property, Plant & Equipment	-1.30	-2.57	-4.23	-6.68	-6.79	-7.38	-5.24	-7.38	-1.11	-0.57	-2.56
Purchase of Investments	-91	-85	-44	-49	-13	-85	-86	-81	-47	0.00	-0.27
Sale of Property, Plant & Equipment	0.13	0.09	1.10	0.01	0.00	-	-	-	-	-	-
Sale and/or Maturity of Investments	77	68	40	35	66	86	81	49	7.54	13	6.03
Net Cash From Financing Activities	-43	4.79	-24	-13	4.37	5.96	-5.89	0.95	-2.79	1.37	-1.81
Net Cash From Continuing Financing Activities	-43	4.79	-24	-13	4.37	5.96	-5.89	0.95	-2.79	1.37	-1.81
Repurchase of Common Equity	-50	0.00	-27	-23	0.00	0.00	-10	-4.28	-9.38	0.00	-2.84
Issuance of Common Equity	7.10	4.79	2.99	11	4.40	6.07	4.29	5.51	6.60	1.33	2.41
Effect of Exchange Rate Changes	-0.05	0.03	-0.02	-0.07	0.03	0.00	-	-	-0.04	-0.02	0.15
Cash Income Taxes Paid	1.55	0.51	0.55	0.08	0.05	0.05	0.61	0.06	0.05	0.02	0.04

This table details how cash moves in and out of Energy Recovery's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-34	23	-30	2.68	17	7.20	-22	10.00	4.22	8.91
Net Cash From Operating Activities	8.96	-3.00	8.07	6.50	14	7.75	-4.13	8.66	6.36	-1.21
Net Cash From Continuing Operating Activities	8.96	-3.00	8.07	6.50	14	7.75	-4.13	8.66	6.36	-1.21
Net Income / (Loss) Continuing Operations	23	8.48	-0.64	-8.26	20	9.66	-1.67	-6.30	14	4.79
Consolidated Net Income / (Loss)	23	8.48	-0.64	-8.26	20	9.66	-1.67	-6.30	14	4.79
Depreciation Expense	1.00	1.01	1.01	1.03	1.03	1.06	0.63	1.39	-0.18	1.30
Amortization Expense	0.18	-0.01	0.07	0.20	0.17	0.19	0.51	-0.09	1.57	0.14
Non-Cash Adjustments To Reconcile Net Income	-2.14	1.27	2.79	5.69	2.05	2.49	2.32	3.20	-0.75	0.03
Changes in Operating Assets and Liabilities, net	-14	-14	4.84	7.84	-9.28	-5.64	-5.94	10	-8.00	-7.47
Net Cash From Investing Activities	6.52	22	-39	-4.99	-0.74	-1.34	-18	1.17	-2.82	8.86
Net Cash From Continuing Investing Activities	6.52	22	-39	-4.99	-0.74	-1.34	-18	1.17	-2.82	8.86
Purchase of Property, Plant & Equipment	-0.10	-0.17	-0.20	-0.82	-1.39	-0.33	-0.57	-0.28	-1.23	-0.56
Purchase of Investments	-11	-7.21	-52	-21	-5.61	-30	-35	-14	-7.61	-
Sale of Property, Plant & Equipment	0.04	-	0.00	0.09	0.01	-	-	0.08	0.37	-
Sale and/or Maturity of Investments	17	29	14	17	6.25	29	18	15	5.65	8.69
Net Cash From Financing Activities	-49	4.29	0.31	1.19	3.61	0.81	0.21	0.17	0.74	1.23
Net Cash From Continuing Financing Activities	-49	4.29	0.31	1.19	3.61	0.81	0.21	0.17	0.74	1.23
Issuance of Common Equity	1.31	4.29	0.31	1.19	3.61	0.81	0.21	0.17	0.74	1.26
Effect of Exchange Rate Changes	-0.03	0.00	-0.01	-0.02	0.01	-0.01	0.03	0.01	-0.06	0.03

This table presents Energy Recovery's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	243	253	217	214	204	189	180	164	149	152	86
Total Current Assets	174	185	158	152	143	113	120	126	122	124	53
Cash & Equivalents	30	68	56	74	94	26	-	-	61	100	16
Short-Term Investments	48	40	33	31	20	59	73	-	39	0.26	13
Accounts Receivable	64	47	34	21	12	13	10	-	14	13	12
Inventories, net	25	26	28	20	12	10	7.14	-	4.55	6.50	8.20
Prepaid Expenses	6.67	3.84	5.61	5.08	4.95	4.55	2.83	-	1.31	0.94	1.32
Plant, Property, & Equipment, net	15	19	20	20	20	19	15	0.00	8.64	11	13
Total Noncurrent Assets	54	49	40	42	41	57	46	11	18	18	19
Long-Term Investments	22	14	3.06	2.30	0.00	15	1.27	-	-	-	0.27
Goodwill	13	13	13	13	13	13	13	-	13	13	13
Noncurrent Deferred & Refundable Income Taxes	9.00	10	10	11	11	17	18	7.93	1.27	0.00	-
Other Noncurrent Operating Assets	10	12	13	15	17	12	13	2.84	0.00	0.00	0.00
Total Liabilities & Shareholders' Equity	243	253	217	214	204	189	180	164	149	152	86
Total Liabilities	33	33	32	35	33	53	66	73	84	88	16
Total Current Liabilities	23	21	18	20	16	28	27	30	17	16	12
Accounts Payable	3.11	3.00	0.81	0.91	1.12	1.19	1.44	-	1.51	1.87	1.82
Accrued Expenses	18	16	15	14	12	9.87	8.50	7.95	9.43	8.27	9.18
Current Deferred Revenue	0.57	1.10	1.20	3.32	1.55	-	-	16	6.20	5.88	0.52
Other Current Liabilities	2.02	1.79	1.60	1.56	1.24	17	17	1.60	-	-	-
Total Noncurrent Liabilities	9.35	12	13	15	17	25	39	42	67	72	4.50
Other Noncurrent Operating Liabilities	9.35	12	13	15	17	25	13	1.70	0.55	0.72	2.45
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	210	220	185	179	172	136	113	-37	65	64	70
Total Preferred & Common Equity	210	220	185	179	172	136	113	92	65	64	70
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Common Equity	210	220	185	179	172	136	113	-37	65	64	70
Common Stock	235	218	205	196	179	170	158	-	140	130	124
Retained Earnings	106	83	61	37	23	-3.55	-14	-37	-58	-59	-48
Treasury Stock	-131	-80	-80	-54	-30	-30	-30	-	-16	-6.84	-6.84
Accumulated Other Comprehensive Income / (Loss)	0.10	-0.04	-0.35	-0.15	0.05	-0.04	-0.13	-	-0.12	-0.06	-0.07

This table presents Energy Recovery's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	263	249	244	223	210	208	200
Total Current Assets	190	159	178	146	150	148	139
Cash & Equivalents	63	40	71	51	44	66	52
Short-Term Investments	55	61	47	33	51	32	30
Accounts Receivable	32	21	25	23	15	12	18
Inventories, net	33	34	32	34	36	33	32
Prepaid Expenses	5.98	3.69	4.29	4.51	3.54	4.57	6.38
Plant, Property, & Equipment, net	16	17	18	19	19	20	19
Total Noncurrent Assets	56	73	48	58	40	40	42
Long-Term Investments	21	37	12	21	2.47	3.02	4.27
Goodwill	13	13	13	13	13	13	13
Noncurrent Deferred & Refundable Income Taxes	11	11	12	11	12	11	11
Other Noncurrent Operating Assets	11	12	11	12	13	13	14
Total Liabilities & Shareholders' Equity	263	249	244	223	210	208	200
Total Liabilities	29	31	28	29	28	26	31
Total Current Liabilities	19	20	17	16	15	13	17
Accounts Payable	3.41	4.75	3.49	1.81	1.74	1.96	1.93
Accrued Expenses	11	10	8.34	11	10	8.19	11
Current Deferred Revenue	2.97	3.21	3.45	1.47	1.27	1.45	2.16
Other Current Liabilities	1.96	1.91	1.85	1.74	1.69	1.65	1.55
Total Noncurrent Liabilities	9.96	11	11	12	13	13	14
Other Noncurrent Operating Liabilities	9.96	11	11	12	13	13	14
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	234	219	216	194	182	182	169
Total Preferred & Common Equity	234	219	216	194	182	182	169
Total Common Equity	234	219	216	194	182	182	169
Common Stock	232	225	222	212	209	207	203
Retained Earnings	82	74	74	63	53	55	47
Treasury Stock	-80	-80	-80	-80	-80	-80	-80
Accumulated Other Comprehensive Income / (Loss)	0.15	-0.06	-0.06	-0.18	-0.13	-0.27	-0.51

This table displays calculated financial ratios and metrics derived from Energy Recovery's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.93%	2.20%	20.87%	-12.68%	36.86%	16.68%	7.79%	39.05%	13.84%	43.53%	0.00%
EBITDA Growth	0.72%	-25.85%	58.28%	-44.98%	150.98%	4.08%	0.51%	93.60%	190.96%	42.70%	-1,076.38%
EBIT Growth	3.00%	-24.70%	82.34%	-55.80%	204.70%	3.52%	-0.33%	191.49%	128.43%	34.92%	-562.61%
NOPAT Growth	-2.09%	-21.22%	62.52%	-45.16%	178.47%	-52.11%	12.71%	398.23%	141.58%	36.21%	-539.99%
Net Income Growth	7.19%	-10.58%	68.54%	-45.92%	141.79%	-50.60%	20.37%	393.52%	131.96%	37.78%	-502.22%
EPS Growth	8.11%	-11.90%	75.00%	-48.94%	147.37%	-52.50%	21.21%	371.43%	131.82%	38.89%	-500.00%
Operating Cash Flow Growth	-21.23%	106.27%	-6.62%	-19.82%	220.24%	-30.36%	161.31%	-41.69%	-92.81%	1,958.82%	-277.92%
Free Cash Flow Firm Growth	-62.16%	946.75%	455.04%	-94.71%	144.63%	80.21%	-271.30%	904.75%	-95.87%	1,662.79%	-766.48%
Invested Capital Growth	13.06%	5.39%	30.59%	24.36%	60.48%	112.03%	133.05%	-27.67%	1.58%	-213.15%	-19.47%
Revenue Q/Q Growth	7.32%	13.13%	7.46%	7.39%	-11.77%	14.16%	-0.86%	28.89%	3.02%	1.00%	830.69%
EBITDA Q/Q Growth	24.87%	30.04%	35.07%	15.85%	16.06%	-13.29%	-21.44%	-2.54%	428.07%	35.48%	-501.08%
EBIT Q/Q Growth	32.71%	42.96%	55.54%	18.61%	17.94%	-18.70%	-27.57%	-4.07%	239.69%	27.51%	-170.12%
NOPAT Q/Q Growth	28.71%	44.98%	51.40%	15.51%	20.17%	-25.49%	-35.90%	70.06%	295.00%	27.85%	-165.03%
Net Income Q/Q Growth	18.91%	39.42%	54.29%	14.53%	18.19%	-21.71%	-33.47%	72.65%	309.29%	30.95%	-164.46%
EPS Q/Q Growth	17.65%	37.04%	61.54%	9.09%	20.51%	-26.92%	-32.20%	65.00%	333.33%	31.25%	-176.92%
Operating Cash Flow Q/Q Growth	-19.04%	39.81%	1.05%	-2.08%	11.61%	413.38%	-48.94%	521.24%	-93.72%	703.31%	-503.08%
Free Cash Flow Firm Q/Q Growth	-37.18%	84.16%	75.31%	-88.28%	349.82%	45.26%	-1,088.84%	686.42%	-96.28%	727.56%	14.29%
Invested Capital Q/Q Growth	17.24%	10.59%	11.73%	3.60%	-1.93%	-5.67%	113.43%	-92.71%	3.55%	-212.82%	-2.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	66.87%	67.85%	69.56%	68.56%	76.26%	60.38%	76.01%	72.43%	64.10%	100.00%	100.00%
EBITDA Margin	16.56%	18.57%	25.60%	19.55%	31.02%	16.91%	18.96%	20.33%	14.61%	-18.28%	-45.79%
Operating Margin	13.61%	14.84%	19.77%	13.31%	26.30%	11.92%	13.39%	13.38%	6.89%	-27.00%	-60.75%
EBIT Margin	13.46%	14.76%	20.04%	13.28%	26.24%	11.78%	13.28%	14.37%	6.85%	-27.44%	-60.52%
Profit (Net Income) Margin	15.90%	16.75%	19.15%	13.73%	22.18%	12.55%	29.65%	26.55%	7.48%	-26.65%	-61.48%
Tax Burden Percent	89.57%	94.71%	92.24%	101.89%	82.12%	89.04%	193.12%	184.85%	100.16%	97.21%	101.58%
Interest Burden Percent	131.86%	119.82%	103.61%	101.48%	102.92%	119.62%	115.58%	99.98%	108.98%	99.91%	100.00%
Effective Tax Rate	10.43%	5.29%	7.76%	-1.89%	17.88%	10.96%	-93.12%	-84.85%	-0.16%	0.00%	0.00%
Return on Invested Capital (ROIC)	17.02%	19.00%	28.06%	22.07%	55.63%	35.36%	0.00%	0.00%	0.00%	0.00%	-32.42%
ROIC Less NNEP Spread (ROIC-NNEP)	12.17%	15.79%	26.92%	21.91%	54.99%	33.65%	0.00%	0.00%	0.00%	0.00%	-17.44%
Return on Net Nonoperating Assets (RNNOA)	-6.29%	-8.39%	-14.85%	-13.92%	-38.47%	-26.61%	0.00%	0.00%	0.00%	0.00%	8.56%
Return on Equity (ROE)	10.73%	10.62%	13.21%	8.14%	17.15%	8.75%	57.52%	128.47%	5.78%	-17.43%	-23.85%
Cash Return on Invested Capital (CROIC)	4.76%	13.75%	1.53%	0.35%	9.19%	-36.45%	-287.41%	0.00%	0.00%	0.00%	-10.84%
Operating Return on Assets (OROA)	7.87%	8.06%	11.68%	6.60%	15.88%	5.56%	5.75%	6.33%	2.26%	-10.08%	-19.60%
Return on Assets (ROA)	9.30%	9.15%	11.17%	6.83%	13.43%	5.92%	12.83%	11.71%	2.47%	-9.79%	-19.91%
Return on Common Equity (ROCE)	10.73%	10.62%	13.21%	8.14%	17.15%	8.75%	57.52%	128.47%	5.78%	-17.43%	-23.85%
Return on Equity Simple (ROE_SIMPLE)	10.98%	9.78%	12.98%	7.98%	15.37%	8.02%	19.49%	19.97%	5.71%	-18.28%	-26.75%
Net Operating Profit after Tax (NOPAT)	18	18	23	14	26	9.23	19	17	3.43	-8.25	-13
NOPAT Margin	12.19%	14.06%	18.24%	13.56%	21.60%	10.61%	25.86%	24.73%	6.90%	-18.90%	-42.52%
Net Nonoperating Expense Percent (NNEP)	4.85%	3.22%	1.14%	0.16%	0.64%	1.71%	5.10%	2.12%	0.28%	-4.90%	-14.98%
Return On Investment Capital (ROIC_SIMPLE)	8.41%	8.21%	12.36%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	33.13%	32.15%	30.44%	31.44%	23.74%	23.39%	23.99%	27.57%	35.90%	0.00%	0.00%
SG&A Expenses to Revenue	22.82%	22.49%	22.57%	24.23%	21.46%	26.26%	28.82%	25.10%	33.44%	45.28%	46.47%
R&D to Revenue	11.20%	13.25%	14.26%	19.31%	19.71%	26.92%	22.83%	19.45%	20.39%	17.54%	31.85%
Operating Expenses to Revenue	53.27%	53.00%	49.79%	55.25%	49.96%	64.69%	62.62%	59.05%	57.21%	127.00%	160.75%
Earnings before Interest and Taxes (EBIT)	20	19	25	14	31	10	9.90	9.93	3.41	-12	-18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	24	32	20	37	15	14	14	7.26	-7.98	-14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.05	4.84	6.19	6.82	4.46	3.97	3.20	0.00	8.32	0.00	0.00
Price to Tangible Book Value (P/TBV)	4.32	5.14	6.65	7.34	4.82	4.38	3.63	0.00	10.74	0.00	0.00
Price to Revenue (P/Rev)	5.87	8.30	9.14	11.73	6.43	6.21	4.86	6.78	10.90	0.00	0.00
Price to Earnings (P/E)	36.92	49.52	47.71	85.42	29.00	49.44	16.41	25.55	145.70	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.71%	2.02%	2.10%	1.17%	3.45%	2.02%	6.09%	3.91%	0.69%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.82	9.67	11.41	15.69	11.43	12.38	15.89	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	5.18	7.34	8.40	10.69	5.47	5.05	3.57	6.78	8.83	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	31.29	39.54	32.80	54.70	17.62	29.85	18.81	33.36	60.48	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	38.49	49.73	41.91	80.50	20.84	42.85	26.86	47.22	128.90	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	42.52	52.23	46.04	78.83	25.31	47.58	13.80	27.43	127.97	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	36.60	36.17	83.48	82.13	38.56	83.34	35.14	161.99	88.45	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	152.06	72.18	845.38	4,943.33	153.20	0.00	0.00	16.71	157.20	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.52	-0.53	-0.55	-0.64	-0.70	-0.79	-1.44	-4.16	-1.62	-1.04	-0.49
Leverage Ratio	1.15	1.16	1.18	1.19	1.28	1.48	4.48	10.97	2.34	1.78	1.20
Compound Leverage Factor	1.52	1.39	1.23	1.21	1.32	1.77	5.18	10.97	2.55	1.78	1.20
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.08%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.06%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.94%	99.92%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	-0.01	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-14.14	12.73	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	-0.01	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-29.93	12.31	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00
Altman Z-Score	17.79	21.25	23.84	22.63	16.04	7.29	4.37	4.88	4.58	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.41	8.64	8.63	7.67	9.10	4.06	4.41	4.15	7.13	7.71	4.62
Quick Ratio	6.06	7.24	6.77	6.38	8.04	3.53	3.08	0.00	6.66	7.09	3.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4.94	13	1.25	0.22	4.25	-9.51	-48	28	2.79	68	-4.33
Operating Cash Flow to CapEx	1,761.55%	1,050.56%	403.55%	202.52%	248.64%	71.36%	144.51%	39.25%	446.49%	12,072.55%	-145.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-48,080.42	14,034.00	931.18	1,610.46	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	7,565.00	1,447.50	1,655.00	1,644.17	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	2,330.00	-2,240.50	1,284.33	1,630.55	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.58	0.55	0.58	0.50	0.61	0.47	0.43	0.44	0.33	0.37	0.32
Accounts Receivable Turnover	2.61	3.17	4.59	6.41	9.61	7.50	0.00	0.00	3.65	3.39	1.85
Inventory Turnover	1.88	1.51	1.57	2.03	2.56	2.33	0.00	0.00	3.23	0.00	0.00
Fixed Asset Turnover	8.50	6.71	6.29	5.13	6.10	5.20	0.00	0.00	5.16	3.66	2.24
Accounts Payable Turnover	15.72	21.64	44.38	32.23	24.46	15.46	0.00	0.00	10.59	0.00	0.00
Days Sales Outstanding (DSO)	139.76	115.17	79.45	56.92	37.99	48.68	0.00	0.00	100.01	107.62	197.63
Days Inventory Outstanding (DIO)	194.05	241.07	232.68	179.49	142.55	156.65	0.00	0.00	113.01	0.00	0.00
Days Payable Outstanding (DPO)	23.22	16.87	8.22	11.32	14.92	23.61	0.00	0.00	34.46	0.00	0.00
Cash Conversion Cycle (CCC)	310.60	339.38	303.91	225.09	165.62	181.72	0.00	0.00	178.56	107.62	197.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	110	97	92	71	57	35	17	-51	-40	-40	36
Invested Capital Turnover	1.40	1.35	1.54	1.63	2.58	3.33	-4.40	-1.53	-1.24	-18.65	0.76
Increase / (Decrease) in Invested Capital	13	4.99	22	14	21	19	67	-11	0.64	-76	-8.61
Enterprise Value (EV)	751	942	1,054	1,111	651	439	266	469	439	0.00	0.00
Market Capitalization	851	1,065	1,147	1,219	765	540	362	469	542	0.00	0.00
Book Value per Share	$3.63	$3.89	$3.31	$3.15	$3.06	$2.47	$2.11	($0.68)	$1.24	$1.22	$1.35
Tangible Book Value per Share	$3.41	$3.66	$3.08	$2.93	$2.83	$2.23	$1.86	($0.68)	$0.96	$0.93	$1.04
Total Capital	210	220	185	179	172	136	113	-37	65	64	70
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.05	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.04	0.00
Net Debt	-100	-122	-93	-108	-115	-101	-97	0.00	-103	-102	-31
Capital Expenditures (CapEx)	1.17	2.48	3.13	6.68	6.79	7.38	5.24	7.38	1.11	0.57	2.56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	72	55	50	26	13	0.01	-2.87	96	2.49	5.84	11
Debt-free Net Working Capital (DFNWC)	150	164	140	132	127	85	93	96	105	108	42
Net Working Capital (NWC)	150	164	140	132	127	85	93	96	105	108	42
Net Nonoperating Expense (NNE)	-5.38	-3.46	-1.15	-0.18	-0.69	-1.68	-2.82	-1.26	-0.29	3.38	5.77
Net Nonoperating Obligations (NNO)	-100	-122	-93	-108	-115	-101	-97	-14	-105	-104	-34
Total Depreciation and Amortization (D&A)	4.49	4.89	6.98	6.51	5.69	4.46	4.23	4.13	3.85	4.00	4.48
Debt-free, Cash-free Net Working Capital to Revenue	49.82%	43.21%	39.60%	25.30%	10.72%	0.02%	-3.86%	138.44%	5.00%	13.37%	34.59%
Debt-free Net Working Capital to Revenue	103.64%	127.78%	111.13%	127.02%	107.12%	97.92%	124.16%	138.44%	211.65%	246.20%	137.12%
Net Working Capital to Revenue	103.64%	127.78%	111.13%	127.02%	107.12%	97.92%	124.16%	138.44%	211.63%	246.17%	137.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.40	$0.38	$0.43	$0.25	$0.47	$0.20	$0.41	$0.23	$0.02	($0.22)	($0.36)
Adjusted Weighted Average Basic Shares Outstanding	57.21M	56.44M	56.22M	56.99M	55.71M	54.74M	53.76M	53.70M	52.34M	51.95M	51.97M
Adjusted Diluted Earnings per Share	$0.40	$0.37	$0.42	$0.24	$0.47	$0.19	$0.40	$0.22	$0.02	($0.22)	($0.36)
Adjusted Weighted Average Diluted Shares Outstanding	57.82M	57.74M	57.64M	58.72M	56.64M	56.07M	55.34M	55.61M	55.45M	51.95M	51.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.20	$0.00	$0.00	$0.00	($0.22)	($0.36)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.96M	57.08M	56.28M	56.81M	57.10M	55.49M	59.56M	53.99M	53.88M	52.15M	51.68M
Normalized Net Operating Profit after Tax (NOPAT)	20	18	23	9.68	28	9.23	6.98	6.47	2.40	-8.25	-13
Normalized NOPAT Margin	13.72%	14.06%	18.24%	9.32%	23.21%	10.61%	9.37%	9.37%	4.82%	-18.90%	-42.52%
Pre Tax Income Margin	17.75%	17.69%	20.76%	13.48%	27.01%	14.10%	15.35%	14.36%	7.47%	-27.41%	-60.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	9,898.00	4,965.50	1,135.67	-285.31	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	19,269.58	8,548.50	1,143.85	-196.52	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	4,663.00	1,277.50	765.00	-298.93	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	14,034.58	4,860.50	773.18	-210.14	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	218.59%	0.00%	110.83%	163.61%	0.00%	0.00%	45.26%	23.30%	252.08%	0.00%	-15.16%

This table displays calculated financial ratios and metrics derived from Energy Recovery's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.29%	4.18%	31.25%	-9.78%	35.23%	21.58%	2.12%	-58.82%	25.96%	46.59%
EBITDA Growth	21.89%	-21.47%	37.53%	-43.92%	33.70%	63.08%	-223.14%	-168.11%	104.44%	108.69%
EBIT Growth	23.31%	-21.78%	23.93%	-36.05%	38.09%	85.57%	8.50%	-197.56%	150.68%	243.21%
NOPAT Growth	20.16%	-21.76%	22.12%	-34.80%	42.86%	90.37%	10.95%	-172.95%	148.43%	336.16%
Net Income Growth	18.51%	-12.21%	61.44%	-31.19%	44.30%	101.71%	29.42%	-179.76%	160.78%	347.15%
EPS Growth	17.65%	-11.76%	66.67%	-27.27%	41.67%	112.50%	25.00%	-178.57%	200.00%	300.00%
Operating Cash Flow Growth	-35.02%	-138.75%	295.28%	-24.95%	116.60%	739.88%	-145.52%	640.39%	2.10%	71.49%
Free Cash Flow Firm Growth	-29.20%	-72.23%	121.91%	-1,229.56%	258.41%	133.59%	41.38%	89.53%	0.05%	-6.74%
Invested Capital Growth	13.06%	6.65%	-4.46%	8.43%	5.39%	6.47%	11.80%	-5.44%	30.59%	21.10%
Revenue Q/Q Growth	73.84%	41.86%	124.97%	-78.86%	54.41%	78.72%	54.64%	-68.31%	38.83%	50.12%
EBITDA Q/Q Growth	228.00%	930.81%	89.99%	-144.67%	111.33%	760.87%	76.93%	-141.50%	157.76%	1,409.50%
EBIT Q/Q Growth	257.79%	444.84%	81.22%	-153.23%	126.96%	435.36%	66.42%	-154.03%	205.00%	265.35%
NOPAT Q/Q Growth	230.10%	581.06%	81.58%	-141.08%	114.94%	578.85%	68.12%	-143.53%	186.43%	323.99%
Net Income Q/Q Growth	176.75%	1,421.03%	92.23%	-141.71%	105.02%	680.18%	73.55%	-145.87%	186.59%	303.01%
EPS Q/Q Growth	166.67%	1,600.00%	92.86%	-141.18%	100.00%	666.67%	72.73%	-145.83%	200.00%	300.00%
Operating Cash Flow Q/Q Growth	398.20%	-137.20%	24.26%	-52.86%	77.86%	287.45%	-147.75%	36.05%	625.43%	-113.34%
Free Cash Flow Firm Q/Q Growth	950.23%	-60.76%	116.30%	-205.39%	311.86%	130.96%	-889.20%	87.44%	12.66%	45.97%
Invested Capital Q/Q Growth	17.24%	16.74%	-7.00%	-11.18%	10.59%	4.58%	5.55%	-13.67%	11.73%	9.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.25%	65.08%	64.58%	59.02%	69.07%	69.88%	65.35%	60.85%	48.22%	69.09%
EBITDA Margin	39.69%	21.04%	-3.59%	-80.71%	38.19%	27.91%	-7.55%	-50.59%	38.63%	20.81%
Operating Margin	38.19%	18.29%	-7.40%	-90.44%	36.05%	24.66%	-12.48%	-60.53%	34.53%	16.11%
EBIT Margin	37.95%	18.44%	-7.58%	-90.88%	36.09%	24.56%	-13.09%	-60.26%	35.35%	16.09%
Profit (Net Income) Margin	34.99%	21.98%	-2.36%	-68.32%	34.63%	26.08%	-8.03%	-46.98%	32.45%	15.72%
Tax Burden Percent	87.40%	96.10%	160.50%	86.54%	90.38%	94.91%	86.27%	84.45%	89.30%	92.81%
Interest Burden Percent	105.51%	124.05%	19.39%	86.88%	106.15%	111.91%	71.17%	92.31%	102.82%	105.28%
Effective Tax Rate	12.60%	3.90%	0.00%	0.00%	9.62%	5.09%	0.00%	0.00%	10.70%	7.19%
Return on Invested Capital (ROIC)	46.61%	26.08%	-8.40%	-96.69%	44.04%	31.08%	-11.70%	-54.92%	47.45%	23.13%
ROIC Less NNEP Spread (ROIC-NNEP)	45.63%	24.70%	-9.05%	-96.16%	42.95%	30.05%	-11.86%	-54.30%	46.77%	22.89%
Return on Net Nonoperating Assets (RNNOA)	-23.59%	-14.19%	5.33%	55.92%	-22.82%	-15.92%	6.35%	29.70%	-25.80%	-12.89%
Return on Equity (ROE)	23.02%	11.89%	-3.07%	-40.77%	21.22%	15.16%	-5.35%	-25.23%	21.65%	10.23%
Cash Return on Invested Capital (CROIC)	4.76%	8.64%	23.50%	10.40%	13.75%	8.30%	-0.68%	15.52%	1.53%	0.94%
Operating Return on Assets (OROA)	22.19%	10.26%	-4.42%	-51.06%	19.71%	13.18%	-6.97%	-30.57%	20.61%	9.20%
Return on Assets (ROA)	20.46%	12.23%	-1.37%	-38.38%	18.91%	14.00%	-4.28%	-23.83%	18.93%	8.99%
Return on Common Equity (ROCE)	23.02%	11.89%	-3.07%	-40.77%	21.22%	15.16%	-5.35%	-25.23%	21.65%	10.23%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.29%	9.41%	9.04%	0.00%	7.95%	5.81%	5.43%	0.00%	9.21%
Net Operating Profit after Tax (NOPAT)	22	6.78	-1.41	-7.65	19	8.67	-1.81	-5.68	13	4.55
NOPAT Margin	33.38%	17.58%	-5.18%	-63.31%	32.58%	23.40%	-8.74%	-42.37%	30.84%	14.95%
Net Nonoperating Expense Percent (NNEP)	0.98%	1.38%	0.65%	-0.52%	1.09%	1.03%	0.16%	-0.62%	0.68%	0.24%
Return On Investment Capital (ROIC_SIMPLE)	10.66%	-	-	-	8.48%	-	-	-	7.04%	-
Cost of Revenue to Revenue	29.75%	34.92%	35.42%	40.98%	30.93%	30.12%	34.65%	39.15%	51.78%	30.91%
SG&A Expenses to Revenue	12.38%	19.89%	35.05%	62.58%	12.52%	19.90%	35.08%	52.73%	16.99%	24.98%
R&D to Revenue	5.92%	10.29%	14.50%	35.99%	8.67%	10.72%	18.18%	32.13%	8.84%	12.57%
Operating Expenses to Revenue	32.06%	46.79%	71.99%	149.45%	33.02%	45.22%	77.83%	121.38%	13.69%	52.98%
Earnings before Interest and Taxes (EBIT)	25	7.11	-2.06	-11	21	9.10	-2.71	-8.08	15	4.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	8.12	-0.98	-9.76	22	10	-1.56	-6.78	16	6.34
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.05	4.29	3.49	4.13	4.84	6.17	8.66	7.15	6.19	7.16
Price to Tangible Book Value (P/TBV)	4.32	4.54	3.70	4.39	5.14	6.60	9.32	7.69	6.65	7.75
Price to Revenue (P/Rev)	5.87	7.43	5.71	7.02	8.30	10.55	14.74	12.19	9.14	10.38
Price to Earnings (P/E)	36.92	51.79	37.05	45.67	49.52	77.57	149.24	131.58	47.71	77.81
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.71%	1.93%	2.70%	2.19%	2.02%	1.29%	0.67%	0.76%	2.10%	1.29%
Enterprise Value to Invested Capital (EV/IC)	6.82	9.19	7.75	8.82	9.67	12.38	17.54	14.98	11.41	13.61
Enterprise Value to Revenue (EV/Rev)	5.18	6.40	4.67	6.01	7.34	9.61	13.82	11.23	8.40	9.64
Enterprise Value to EBITDA (EV/EBITDA)	31.29	44.94	29.09	36.58	39.54	59.49	103.09	77.58	32.80	47.32
Enterprise Value to EBIT (EV/EBIT)	38.49	58.75	37.39	47.57	49.73	82.27	163.05	135.72	41.91	69.62
Enterprise Value to NOPAT (EV/NOPAT)	42.52	62.94	40.00	49.60	52.23	87.62	177.02	146.69	46.04	74.45
Enterprise Value to Operating Cash Flow (EV/OCF)	36.60	34.08	17.28	31.93	36.17	58.52	152.70	52.23	83.48	90.10
Enterprise Value to Free Cash Flow (EV/FCFF)	152.06	109.86	32.24	88.17	72.18	153.81	0.00	93.79	845.38	1,582.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.52	-0.57	-0.59	-0.58	-0.53	-0.53	-0.54	-0.55	-0.55	-0.56
Leverage Ratio	1.15	1.13	1.15	1.14	1.16	1.16	1.17	1.16	1.18	1.18
Compound Leverage Factor	1.22	1.41	0.22	0.99	1.23	1.30	0.83	1.07	1.22	1.24
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	17.87	22.71	16.57	20.56	21.28	26.81	35.47	30.94	23.69	25.34
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.41	10.06	7.94	10.41	8.64	8.91	9.89	11.17	8.63	8.21
Quick Ratio	6.06	7.97	6.08	8.31	7.24	6.57	7.27	8.33	6.77	5.94
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9.66	0.92	2.34	-14	14	3.31	-11	-1.08	-8.61	-9.86
Operating Cash Flow to CapEx	14,680.33%	-1,776.92%	4,077.27%	881.55%	996.53%	2,348.18%	-725.26%	4,394.42%	735.61%	-215.10%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.58	0.56	0.58	0.56	0.55	0.54	0.53	0.51	0.58	0.57
Accounts Receivable Turnover	2.61	4.90	7.41	6.93	3.17	5.43	7.30	5.56	4.59	7.42
Inventory Turnover	1.88	1.36	1.24	1.27	1.51	1.38	1.36	1.54	1.57	1.02
Fixed Asset Turnover	8.50	7.70	7.29	6.76	6.71	6.06	5.57	5.37	6.29	5.90
Accounts Payable Turnover	15.72	17.52	13.38	15.04	21.64	24.32	19.63	13.76	44.38	9.57
Days Sales Outstanding (DSO)	139.76	74.56	49.25	52.63	115.17	67.17	50.01	65.59	79.45	49.17
Days Inventory Outstanding (DIO)	194.05	268.67	294.03	288.54	241.07	264.93	269.32	237.57	232.68	359.39
Days Payable Outstanding (DPO)	23.22	20.83	27.29	24.28	16.87	15.01	18.60	26.52	8.22	38.16
Cash Conversion Cycle (CCC)	310.60	322.40	315.99	316.90	339.38	317.10	300.73	276.64	303.91	370.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	110	94	80	87	97	88	84	80	92	83
Invested Capital Turnover	1.40	1.48	1.62	1.53	1.35	1.33	1.34	1.30	1.54	1.55
Increase / (Decrease) in Invested Capital	13	5.86	-3.75	6.73	4.99	5.36	8.89	-4.60	22	14
Enterprise Value (EV)	751	864	624	763	942	1,090	1,477	1,196	1,054	1,126
Market Capitalization	851	1,004	762	892	1,065	1,196	1,575	1,297	1,147	1,213
Book Value per Share	$3.63	$4.05	$3.81	$3.78	$3.89	$3.44	$3.23	$3.23	$3.31	$3.03
Tangible Book Value per Share	$3.41	$3.83	$3.59	$3.56	$3.66	$3.21	$3.00	$3.00	$3.08	$2.81
Total Capital	210	234	219	216	220	194	182	182	185	169
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-100	-140	-138	-129	-122	-106	-98	-102	-93	-87
Capital Expenditures (CapEx)	0.06	0.17	0.20	0.74	1.38	0.33	0.57	0.20	0.87	0.56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	72	52	38	44	55	45	40	36	50	40
Debt-free Net Working Capital (DFNWC)	150	171	139	161	164	130	135	135	140	122
Net Working Capital (NWC)	150	171	139	161	164	130	135	135	140	122
Net Nonoperating Expense (NNE)	-1.08	-1.70	-0.77	0.61	-1.17	-0.99	-0.15	0.62	-0.68	-0.24
Net Nonoperating Obligations (NNO)	-100	-140	-138	-129	-122	-106	-98	-102	-93	-87
Total Depreciation and Amortization (D&A)	1.17	1.00	1.09	1.23	1.20	1.24	1.15	1.30	1.39	1.44
Debt-free, Cash-free Net Working Capital to Revenue	49.82%	38.81%	28.45%	34.54%	43.21%	39.94%	37.46%	33.85%	39.60%	34.20%
Debt-free Net Working Capital to Revenue	103.64%	126.64%	104.11%	126.92%	127.78%	114.45%	126.41%	126.54%	111.13%	104.61%
Net Working Capital to Revenue	103.64%	126.64%	104.11%	126.92%	127.78%	114.45%	126.41%	126.54%	111.13%	104.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.40	$0.15	($0.01)	($0.14)	$0.35	$0.17	($0.03)	($0.11)	$0.24	$0.09
Adjusted Weighted Average Basic Shares Outstanding	57.21M	57.76M	57.37M	57.10M	56.44M	56.44M	56.36M	56.23M	56.22M	55.88M
Adjusted Diluted Earnings per Share	$0.40	$0.15	($0.01)	($0.14)	$0.34	$0.17	($0.03)	($0.11)	$0.24	$0.08
Adjusted Weighted Average Diluted Shares Outstanding	57.82M	58.29M	57.37M	57.10M	57.74M	57.97M	56.36M	56.23M	57.64M	57.37M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.96M	57.89M	57.72M	57.33M	57.08M	56.52M	56.41M	56.35M	56.28M	56.00M
Normalized Net Operating Profit after Tax (NOPAT)	22	6.78	-1.41	-7.65	19	8.67	-1.81	-5.68	13	4.55
Normalized NOPAT Margin	33.38%	17.58%	-5.18%	-63.31%	32.58%	23.40%	-8.74%	-42.37%	30.84%	14.95%
Pre Tax Income Margin	40.04%	22.87%	-1.47%	-78.95%	38.32%	27.48%	-9.31%	-55.63%	36.34%	16.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	218.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	110.83%	210.71%

Frequently Asked Questions About Energy Recovery's Financials

When does Energy Recovery's financial year end?

According to the most recent income statement we have on file, Energy Recovery's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Energy Recovery's net income changed over the last 10 years?

Energy Recovery's net income appears to be on an upward trend, with a most recent value of $23.05 million in 2024, falling from -$18.71 million in 2014. The previous period was $21.50 million in 2023. See Energy Recovery's forecast for analyst expectations on what’s next for the company.

What is Energy Recovery's operating income?

Energy Recovery's total operating income in 2024 was $19.72 million, based on the following breakdown:

Total Gross Profit: $96.93 million
Total Operating Expenses: $77.21 million

How has Energy Recovery revenue changed over the last 10 years?

Over the last 10 years, Energy Recovery's total revenue changed from $30.43 million in 2014 to $144.95 million in 2024, a change of 376.4%.

How much debt does Energy Recovery have?

Energy Recovery's total liabilities were at $32.78 million at the end of 2024, a 1.2% decrease from 2023, and a 104.6% increase since 2014.

How much cash does Energy Recovery have?

In the past 10 years, Energy Recovery's cash and equivalents has ranged from $0.00 in 2017 to $99.93 million in 2015, and is currently $29.63 million as of their latest financial filing in 2024.

How has Energy Recovery's book value per share changed over the last 10 years?

Over the last 10 years, Energy Recovery's book value per share changed from 1.35 in 2014 to 3.63 in 2024, a change of 168.1%.

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This page (NASDAQ:ERII) was last updated on 5/28/2025 by MarketBeat.com Staff

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Energy Recovery (ERII) Financials

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Energy Recovery (ERII) Financials

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