Energy Recovery, Inc. - Understand $erii stock

$ERII Market Cap: $938.5 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$135.1M

TTM

Gross Margin

64.44%

TTM

Net Earnings

$19.38M

TTM

Current Assets

$189.9M

Q3 2024

Current Liabilities

$18.87M

Q3 2024

Current Ratio

1006.38%

Q3 2024

Total Assets

$262.7M

Q3 2024

Total Liabilities

$28.83M

Q3 2024

Book Value

$233.9M

Q3 2024

Cash

$63.26M

Q3 2024

P/E

48.41

Nov 29, 2024 EST

Free Cash Flow

$22.77M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$128.3M	$125.6M	$103.9M	$119.0M	$86.94M	$74.52M	$58.16M	$49.72M	$43.67M	$30.43M	$43.00M	$42.60M	$28.00M	$45.90M	$47.00M	$52.10M	$35.40M	$20.10M	$10.70M	$4.000M
YoY Change	2.2%	20.87%	-12.68%	36.86%	16.68%	28.13%	16.98%	13.84%	43.53%	-29.24%	0.94%	52.14%	-39.0%	-2.34%	-9.79%	47.18%	76.12%	87.85%	167.5%	0.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$128.3M	$125.6M	$103.9M	$119.0M	$86.94M	$74.52M	$58.16M	$49.72M	$43.67M	$30.43M	$43.00M	$42.60M	$28.00M	$45.90M	$47.00M	$52.10M	$35.40M	$20.10M	$10.70M	$4.000M
Cost Of Revenue	$41.27M	$38.24M	$32.67M	$28.20M	$20.30M	$17.90M	$19.06M	$17.85M	$19.11M	$13.71M	$17.30M	$22.40M	$20.20M	$23.80M	$17.60M	$18.90M	$14.90M	$8.100M	$4.700M	$2.000M
Gross Profit	$87.08M	$87.36M	$71.23M	$90.70M	$66.60M	$56.60M	$39.10M	$31.87M	$24.56M	$16.71M	$25.70M	$20.20M	$7.800M	$22.10M	$29.40M	$33.20M	$20.60M	$11.90M	$6.000M	$2.000M
Gross Profit Margin	67.85%	69.56%	68.56%	76.23%	76.6%	75.96%	67.22%	64.1%	56.24%	54.93%	59.77%	47.42%	27.86%	48.15%	62.55%	63.72%	58.19%	59.2%	56.07%	50.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$51.03M	$44.62M	$37.32M	$33.65M	$32.27M	$29.02M	$26.75M	$25.74M	$29.10M	$24.66M	$23.10M	$22.40M	$24.70M	$22.70M	$20.00M	$17.90M	$9.500M	$7.000M	$4.200M	$2.100M
YoY Change	14.37%	19.55%	10.93%	4.28%	11.18%	8.51%	3.9%	-11.54%	17.98%	6.77%	3.13%	-9.31%	8.81%	13.5%	11.73%	88.42%	35.71%	66.67%	100.0%	16.67%
% of Gross Profit	58.6%	51.08%	52.39%	37.1%	48.45%	51.28%	68.41%	80.78%	118.48%	147.57%	89.88%	110.89%	316.67%	102.71%	68.03%	53.92%	46.12%	58.82%	70.0%	105.0%
Research & Development	$17.00M	$17.91M	$20.07M	$23.45M	$23.40M	$17.01M	$13.44M	$10.14M	$7.659M	$9.690M	$4.400M	$4.800M	$3.500M	$3.900M	$3.000M	$2.400M	$1.700M	$1.300M	$600.0K	$300.0K
YoY Change	-5.07%	-10.76%	-14.41%	0.2%	37.56%	26.55%	32.63%	32.34%	-20.96%	120.23%	-8.33%	37.14%	-10.26%	30.0%	25.0%	41.18%	30.77%	116.67%	100.0%
% of Gross Profit	19.52%	20.5%	28.17%	25.85%	35.14%	30.06%	34.39%	31.81%	31.18%	57.98%	17.12%	23.76%	44.87%	17.65%	10.2%	7.23%	8.25%	10.92%	10.0%	15.0%
Depreciation & Amortization	$4.102M	$4.764M	$5.939M	$5.299M	$4.395M	$3.869M	$3.666M	$3.680M	$3.838M	$3.200M	$3.800M	$3.800M	$4.790M	$5.200M	$1.180M	$520.0K	$320.0K	$230.0K	$130.0K
YoY Change	-13.9%	-19.78%	12.08%	20.57%	13.6%	5.54%	-0.38%	-4.12%	19.94%	-15.79%	0.0%	-20.67%	-7.88%	340.68%	126.92%	62.5%	39.13%	76.92%
% of Gross Profit	4.71%	5.45%	8.34%	5.84%	6.6%	6.84%	9.38%	11.55%	15.63%	19.15%	14.79%	18.81%	61.41%	23.53%	4.01%	1.57%	1.55%	1.93%	2.17%
Operating Expenses	$68.03M	$62.53M	$57.40M	$59.44M	$56.24M	$46.66M	$40.82M	$36.51M	$37.39M	$35.20M	$28.40M	$28.30M	$29.60M	$29.20M	$23.30M	$20.30M	$11.20M	$8.300M	$4.900M	$2.400M
YoY Change	8.8%	8.93%	-3.43%	5.69%	20.53%	14.32%	11.81%	-2.36%	6.24%	23.93%	0.35%	-4.39%	1.37%	25.32%	14.78%	81.25%	34.94%	69.39%	104.17%	33.33%
Operating Profit	$19.05M	$24.83M	$13.83M	$31.29M	$10.36M	$9.978M	$9.249M	$3.426M	-$11.79M	-$18.48M	-$2.700M	-$8.100M	-$21.80M	-$7.100M	$6.100M	$12.90M	$9.400M	$3.600M	$1.100M	-$400.0K
YoY Change	-23.28%	79.52%	-55.8%	201.95%	3.87%	7.88%	169.96%	-129.06%	-36.21%	584.56%	-66.67%	-62.84%	207.04%	-216.39%	-52.71%	37.23%	161.11%	227.27%	-375.0%	-300.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	$3.756M	$908.0K	$204.0K	$0.00	$0.00	$1.000K	$2.000K	$3.000K	$42.00K		$0.00	$0.00	-$200.0K	$2.000M	$0.00	-$100.0K	-$100.0K	-$100.0K	-$200.0K	-$100.0K
YoY Change	313.66%	345.1%			-100.0%	-50.0%	-33.33%	-92.86%				-100.0%	-110.0%		-100.0%	0.0%	0.0%	-50.0%	100.0%
% of Operating Profit	19.72%	3.66%	1.47%	0.0%	0.0%	0.01%	0.02%	0.09%							0.0%	-0.78%	-1.06%	-2.78%	-18.18%
Other Income/Expense, Net	$3.655M	$1.242M	$173.0K	$839.0K	$1.892M	$1.462M	$680.0K	$287.0K	-$181.0K	$69.00K	$100.0K	$100.0K	$200.0K	-$100.0K	$100.0K	$900.0K	$500.0K	$100.0K	$0.00	$0.00
YoY Change	194.28%	617.92%	-79.38%	-55.66%	29.41%	115.0%	136.93%	-258.56%	-362.32%	-31.0%	0.0%	-50.0%	-300.0%	-200.0%	-88.89%	80.0%	400.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$22.71M	$26.07M	$14.00M	$32.13M	$12.26M	$11.44M	$9.929M	$3.713M	-$11.97M	-$18.41M	-$2.800M	-$8.500M	-$25.10M	-$5.200M	$6.200M	$13.70M	$9.700M	$3.600M	$1.000M	-$500.0K
YoY Change	-12.91%	86.17%	-56.42%	162.18%	7.13%	15.22%	167.41%	-131.01%	-34.98%	557.64%	-67.06%	-66.14%	382.69%	-183.87%	-54.74%	41.24%	169.44%	260.0%	-300.0%	-350.0%
Income Tax	$1.201M	$2.022M	-$265.0K	$5.746M	$1.343M	-$10.70M	-$8.400M	-$6.000K	-$334.0K	$291.0K	$300.0K	-$300.0K	$1.300M	-$1.600M	$2.500M	$5.000M	$3.900M	$1.200M	$100.0K	$100.0K
% Of Pretax Income	5.29%	7.76%	-1.89%	17.88%	10.96%	-93.53%	-84.6%	-0.16%							40.32%	36.5%	40.21%	33.33%	10.0%
Net Earnings	$21.50M	$24.05M	$14.27M	$26.39M	$10.91M	$22.09M	$18.35M	$3.719M	-$11.64M	-$18.71M	-$3.100M	-$8.300M	-$26.40M	-$3.600M	$3.700M	$8.700M	$5.800M	$2.400M	$900.0K	-$500.0K
YoY Change	-10.58%	68.54%	-45.92%	141.79%	-50.6%	20.37%	393.52%	-131.96%	-37.78%	503.39%	-62.65%	-68.56%	633.33%	-197.3%	-57.47%	50.0%	141.67%	166.67%	-280.0%	-350.0%
Net Earnings / Revenue	16.75%	19.15%	13.73%	22.18%	12.55%	29.65%	31.56%	7.48%	-26.65%	-61.48%	-7.21%	-19.48%	-94.29%	-7.84%	7.87%	16.7%	16.38%	11.94%	8.41%	-12.5%
Basic Earnings Per Share	$0.38	$0.43	$0.25	$0.47	$0.20	$0.41	$0.34	$0.07	-$0.22	-$0.36
Diluted Earnings Per Share	$0.37	$0.42	$0.24	$0.47	$0.19	$0.40	$0.33	$0.07	-$0.22	-$0.36	-$60.67K	-$161.2K	-$501.9K	-$69.10K	$70.34K	$183.5K	$140.1K	$59.70K	$23.38K	-$15.53K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments	$108.5M	$89.83M	$105.7M	$114.7M	$85.10M	$95.30M	$97.80M	$100.4M	$100.2M	$28.60M	$20.20M	$26.10M	$30.20M	$55.30M	$59.10M	$79.30M	$200.0K	$0.00
YoY Change	20.83%	-15.0%	-7.86%	34.78%	-10.7%	-2.56%	-2.59%	0.2%	250.35%	41.58%	-22.61%	-13.58%	-45.39%	-6.43%	-25.47%	39550.0%
Cash & Equivalents	$68.10M	$56.35M	$74.36M	$94.30M	$26.40M	$22.00M	$27.80M	$61.40M	$99.90M	$15.50M	$14.40M	$16.60M	$18.50M	$55.30M	$59.10M	$79.30M	$200.0K	$0.00
Short-Term Investments	$40.45M	$33.48M	$31.33M	$20.40M	$58.70M	$73.30M	$70.00M	$39.10M	$300.0K	$13.10M	$5.900M	$9.500M	$11.70M	$0.00
Other Short-Term Assets	$3.251M	$3.886M	$5.075M	$5.000M	$4.000M	$1.100M	$3.300M	$3.300M	$3.200M	$4.000M	$5.700M	$11.20M	$12.50M	$11.10M	$8.400M	$3.000M	$1.800M	$1.400M
YoY Change	-16.34%	-23.43%	1.5%	25.0%	263.64%	-66.67%	0.0%	3.13%	-20.0%	-29.82%	-49.11%	-10.4%	12.61%	32.14%	180.0%	66.67%	28.57%
Inventory	$26.15M	$28.37M	$20.38M	$11.70M	$10.30M	$7.700M	$5.600M	$6.400M	$6.700M	$8.300M	$5.200M	$5.100M	$7.800M	$9.800M	$10.40M	$8.500M	$4.800M	$2.900M
Prepaid Expenses
Receivables	$47.53M	$35.78M	$20.62M	$11.80M	$13.50M	$14.30M	$18.70M	$11.90M	$13.50M	$12.30M	$20.70M	$18.30M	$7.600M	$11.90M	$18.20M	$25.60M	$15.50M	$6.700M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$1.200M	$700.0K	$300.0K	$0.00	$100.0K	$100.0K	$100.0K	$200.0K	$0.00	$0.00	$0.00	$0.00	$100.0K
Total Short-Term Assets	$185.5M	$157.9M	$151.8M	$143.2M	$113.0M	$119.6M	$126.1M	$122.4M	$123.5M	$53.20M	$51.90M	$60.90M	$58.30M	$88.20M	$96.20M	$116.3M	$22.30M	$11.10M
YoY Change	17.49%	4.02%	5.98%	26.73%	-5.52%	-5.15%	3.02%	-0.89%	132.14%	2.5%	-14.78%	4.46%	-33.9%	-8.32%	-17.28%	421.52%	100.9%
Property, Plant & Equipment	$30.17M	$32.70M	$35.01M	$36.30M	$30.00M	$26.80M	$16.20M	$8.600M	$10.60M	$13.20M	$13.90M	$16.00M	$16.20M	$22.30M	$17.00M	$1.800M	$1.700M	$1.100M
YoY Change	-7.73%	-6.62%	-3.54%	21.0%	11.94%	65.43%	88.37%	-18.87%	-19.7%	-5.04%	-13.13%	-1.23%	-27.35%	31.18%	844.44%	5.88%	54.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$13.83M	$3.058M	$2.298M	$0.00	$15.40M	$1.300M			$0.00	$300.0K	$13.70M	$4.800M	$11.20M	$0.00
YoY Change	352.32%	33.07%		-100.0%	1084.62%				-100.0%	-97.81%	185.42%	-57.14%
Other Assets	$10.71M	$10.63M	$11.79M	$12.00M	$17.30M	$18.70M	$8.100M	$3.400M	$2.300M	$2.900M	$4.500M	$4.400M	$5.200M	$2.300M	$6.100M	$200.0K	$1.400M	$400.0K
YoY Change	0.78%	-9.83%	-1.77%	-30.64%	-7.49%	130.86%	138.24%	47.83%	-20.69%	-35.56%	2.27%	-15.38%	126.09%	-62.3%	2950.0%	-85.71%	250.0%
Total Long-Term Assets	$67.50M	$59.17M	$61.93M	$61.10M	$75.80M	$60.20M	$38.40M	$26.70M	$28.30M	$32.70M	$50.00M	$43.70M	$52.40M	$45.70M	$46.80M	$4.300M	$5.900M	$2.400M
YoY Change	14.08%	-4.45%	1.35%	-19.39%	25.91%	56.77%	43.82%	-5.65%	-13.46%	-34.6%	14.42%	-16.6%	14.66%	-2.35%	988.37%	-27.12%	145.83%
Total Assets	$253.0M	$217.0M	$213.7M	$204.3M	$188.8M	$179.8M	$164.5M	$149.1M	$151.8M	$85.90M	$101.9M	$104.6M	$110.7M	$133.9M	$143.0M	$120.6M	$28.20M	$13.50M
YoY Change
Accounts Payable	$3.000M	$814.0K	$909.0K	$1.100M	$1.200M	$1.400M	$4.100M	$1.500M	$1.900M	$1.800M	$1.200M	$2.200M	$1.500M	$1.400M	$2.000M	$2.300M	$1.700M	$1.100M
YoY Change	268.55%	-10.45%	-17.36%	-8.33%	-14.29%	-65.85%	173.33%	-21.05%	5.56%	50.0%	-45.45%	46.67%	7.14%	-30.0%	-13.04%	35.29%	54.55%
Accrued Expenses	$15.24M	$15.33M	$14.68M	$12.30M	$10.30M	$8.900M	$9.600M	$9.000M	$7.800M	$8.400M	$8.000M	$8.600M	$6.500M	$4.300M	$6.400M	$4.800M	$1.900M	$1.700M
YoY Change	-0.55%	4.4%	19.34%	19.42%	15.73%	-7.29%	6.67%	15.38%	-7.14%	5.0%	-6.98%	32.31%	51.16%	-32.81%	33.33%	152.63%	11.76%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due						$0.00	$0.00	$0.00	$0.00		$0.00	$0.00	$200.0K	$300.0K	$500.0K	$200.0K	$200.0K	$500.0K
YoY Change												-100.0%	-33.33%	-40.0%	150.0%	0.0%	-60.0%
Total Short-Term Liabilities	$21.47M	$18.30M	$19.79M	$15.70M	$27.80M	$27.10M	$30.40M	$17.20M	$16.00M	$11.50M	$10.70M	$12.90M	$9.900M	$10.30M	$17.50M	$13.20M	$7.500M	$5.200M
YoY Change	17.32%	-7.5%	26.02%	-43.53%	2.58%	-10.86%	76.74%	7.5%	39.13%	7.48%	-17.05%	30.3%	-3.88%	-41.14%	32.58%	76.0%	44.23%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$200.0K	$600.0K	$400.0K	$600.0K	$200.0K
YoY Change													-100.0%	-66.67%	50.0%	-33.33%	200.0%
Other Long-Term Liabilities	$11.70M	$13.40M	$15.13M	$17.00M	$24.90M	$39.30M	$42.20M	$64.50M	$69.70M	$2.500M	$2.200M	$2.600M	$2.300M	$2.200M	$3.900M	$0.00	$0.00
YoY Change	-12.72%	-11.42%	-11.02%	-31.73%	-36.64%	-6.87%	-34.57%	-7.46%	2688.0%	13.64%	-15.38%	13.04%	4.55%	-43.59%
Total Long-Term Liabilities	$11.70M	$13.40M	$15.13M	$17.00M	$24.90M	$39.30M	$42.20M	$64.50M	$69.70M	$2.500M	$2.200M	$2.600M	$2.300M	$2.400M	$4.500M	$400.0K	$600.0K	$200.0K
YoY Change	-12.72%	-11.42%	-11.02%	-31.73%	-36.64%	-6.87%	-34.57%	-7.46%	2688.0%	13.64%	-15.38%	13.04%	-4.17%	-46.67%	1025.0%	-33.33%	200.0%
Total Liabilities	$33.17M	$31.70M	$34.91M	$32.70M	$52.80M	$66.50M	$72.60M	$83.90M	$88.10M	$16.00M	$15.00M	$17.20M	$13.80M	$13.10M	$22.00M	$13.60M	$8.200M	$5.400M
YoY Change	4.62%	-9.19%	6.76%	-38.07%	-20.6%	-8.4%	-13.47%	-4.77%	450.63%	6.67%	-12.79%	24.64%	5.34%	-40.45%	61.76%	65.85%	51.85%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	56.44M shares	56.22M shares	56.99M shares	55.71M shares	54.74M shares	53.76M shares	53.70M shares	52.34M shares	52.15M shares	51.68M
Diluted Shares Outstanding	57.74M shares	57.64M shares	58.72M shares	56.64M shares	56.07M shares	55.34M shares	55.61M shares	55.45M shares	52.15M shares	51.68M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $938.46 Million

About Energy Recovery, Inc.

Energy Recovery, Inc. engages in the design and manufacture of industrial fluid flow solutions. The company is headquartered in San Leandro, California and currently employs 269 full-time employees. The company went IPO on 2008-07-02. The firm designs and manufactures solutions that provide cost savings through improved energy efficiency in commercial and industrial processes, with applications across several industries. Its segments include Water and Emerging Technologies. The Water segment develops, sales and supports PX, hydraulic turbochargers and pumps used in seawater desalination and wastewater treatment activities. The Emerging Technologies segment develops, sales and supports activities related to emerging technologies, such as the PX G1300 used in industrial and commercial refrigeration applications. Its solutions are marketed, sold in, or developed for, the fluid-flow and gas markets, such as seawater and wastewater desalination, natural gas, chemical processing and CO2-based refrigeration systems, under the trademarks ERI, PX, Pressure Exchanger, PX Pressure Exchanger (PX), Ultra PX, PX G, PX G1300, PX PowerTrain, AT, and Aquabold.

Industry: Special Industry Machinery, NEC Peers: ENERPAC TOOL GROUP CORP BARNES GROUP INC HELIOS TECHNOLOGIES, INC. Hillman Solutions Corp. ILLINOIS TOOL WORKS INC KENNAMETAL INC Mueller Water Products, Inc. Proto Labs Inc STANDEX INTERNATIONAL CORP/DE/ TENNANT CO