ERII - Energy Recovery, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$12.50
DETAILS
HIGH:
$13.00
LOW:
$12.00
MEDIAN:
$12.50
CONSENSUS:
$12.50
UPSIDE:
42.48%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||
| Revenue | 134.7 | 144.9 | 128.3 | 125.6 | 103.9 | 92.1 | 72.8 | 74.5 | 63.2 | 54.7 | 44.7 | 30.4 | 43.0 | 42.6 | 28.0 | 45.9 | 47.0 | 52.1 | 35.4 | 20.1 | 10.7 | 4.0 | 4.0 |
| Cost of Revenue | 46.9 | 48.0 | 41.3 | 38.2 | 32.7 | 28.2 | 20.3 | 17.9 | 19.1 | 17.8 | 19.1 | 13.7 | 17.3 | 22.4 | 20.2 | 23.8 | 17.6 | 18.9 | 14.9 | 8.1 | 0 | 2.0 | 2.0 |
| Gross Profit | 87.8 | 96.9 | 87.1 | 87.4 | 71.2 | 63.8 | 52.5 | 56.6 | 44.1 | 36.9 | 25.6 | 16.7 | 25.7 | 20.2 | 7.8 | 22.1 | 29.4 | 33.2 | 20.6 | 11.9 | 10.7 | 2.0 | 2.0 |
| Operating Expenses | |||||||||||||||||||||||
| R&D Expenses | 6.3 | 16.2 | 17.0 | 17.9 | 20.1 | 23.4 | 23.4 | 17.0 | 13.4 | 10.1 | 7.7 | 9.7 | 4.4 | 4.8 | 3.5 | 3.9 | 3.0 | 2.4 | 1.7 | 1.3 | 0 | 0.3 | 0.0 |
| SG&A Expenses | 19.4 | 58.5 | 51.0 | 44.6 | 37.3 | 33.6 | 32.3 | 29.0 | 26.7 | 25.7 | 29.1 | 24.7 | 23.1 | 22.4 | 24.7 | 25.2 | 20.2 | 17.9 | 9.5 | 7.0 | 0 | 2.1 | 1.8 |
| Other Expenses | 37.5 | 2.5 | 0 | 0 | 0.0 | (24.5) | (13.5) | (0.1) | (0.2) | 0.3 | (0.1) | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 63.2 | 77.2 | 68.0 | 62.5 | 57.4 | 32.5 | 42.1 | 46.7 | 40.8 | 36.5 | 37.4 | 35.2 | 28.4 | 28.3 | 29.8 | 27.0 | 23.3 | 20.3 | 11.2 | 8.3 | 0 | 2.4 | 1.8 |
| Operating Income | |||||||||||||||||||||||
| Operating Income | 24.6 | 19.7 | 19.1 | 24.8 | 13.8 | 31.3 | 10.4 | 10.0 | 3.3 | 0.4 | (11.8) | (18.5) | (2.9) | (8.7) | (25.3) | (5.0) | 6.2 | 12.9 | 9.3 | 3.6 | 10.7 | (0.4) | 0.2 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0.0 |
| Interest Income | 3.6 | 6.2 | 3.8 | 0.9 | 0.2 | 0.9 | 2.0 | 1.5 | 0.9 | 0.3 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 | 0.5 | 0.1 | 0 | 0.0 | 0 |
| Profitability | |||||||||||||||||||||||
| EBITDA | 31.4 | 28.0 | 24.8 | 31.1 | 19.8 | 38.9 | 14.8 | 15.3 | 12.9 | 7.1 | (8.1) | (14.4) | 1.1 | (4.7) | (20.3) | 0.0 | 7.4 | 14.3 | 9.7 | 3.9 | 10.7 | (0.4) | 0.2 |
| EBIT | 27.6 | 22.2 | 19.1 | 24.8 | 13.8 | 33.6 | 10.4 | 11.4 | 9.2 | 3.7 | (11.9) | (18.4) | (2.7) | (8.5) | (25.1) | (5.2) | 6.2 | 13.8 | 9.3 | 3.6 | 10.7 | (0.4) | 0.2 |
| Income Before Tax | 27.6 | 25.7 | 22.7 | 26.1 | 14.0 | 32.1 | 12.3 | 11.4 | 4.0 | 0.6 | (12.0) | (18.4) | (2.8) | (8.5) | (25.1) | (5.2) | 6.2 | 13.7 | 9.7 | 3.6 | 0 | (0.5) | 0.2 |
| Income Tax Expense | 4.6 | 2.7 | 1.2 | 2.0 | (0.3) | 5.7 | 1.3 | (10.7) | (8.4) | (0.4) | (0.3) | 0.3 | 0.3 | (0.3) | 1.3 | (1.6) | 2.5 | 5.0 | 3.9 | 1.2 | (0.9) | 0.1 | (0.0) |
| Net Income | 23.0 | 23.1 | 21.5 | 24.0 | 14.3 | 26.4 | 10.9 | 22.1 | 12.3 | 1.0 | (11.6) | (18.7) | (3.1) | (8.3) | (26.4) | (3.6) | 3.7 | 8.7 | 5.8 | 2.4 | 0.9 | (0.5) | 0.2 |
| Per Share Data | |||||||||||||||||||||||
| EPS (Basic) | 0.43 | 0.40 | 0.38 | 0.43 | 0.25 | 0.47 | 0.20 | 0.41 | 0.34 | 0.07 | -0.22 | -0.36 | -0.06 | -0.16 | -0.50 | -0.07 | 0.07 | 0.19 | 0.15 | 0.06 | 0.02 | -0.02 | 0.01 |
| EPS (Diluted) | 0.42 | 0.40 | 0.37 | 0.42 | 0.24 | 0.47 | 0.19 | 0.40 | 0.33 | 0.07 | -0.22 | -0.36 | -0.06 | -0.16 | -0.50 | -0.07 | 0.07 | 0.18 | 0.14 | 0.06 | 0.02 | -0.02 | 0.01 |
| Shares Outstanding | 53.8 | 57.2 | 56.4 | 56.2 | 57.0 | 55.7 | 54.7 | 53.8 | 53.7 | 52.3 | 52.2 | 51.7 | 51.1 | 51.5 | 52.6 | 52.1 | 50.2 | 44.8 | 39.1 | 38.0 | 36.8 | 32.2 | 30.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||
| Cash & Cash Equivalents | 48.1 | 29.6 | 68.1 | 56.4 | 74.4 | 94.3 | 26.4 | 22.0 | 27.8 | 61.4 | 59.1 | 79.3 | 0 | 0 |
| Short-Term Investments | 27.2 | 48.4 | 40.4 | 33.5 | 31.3 | 20.4 | 58.7 | 73.3 | 70.0 | 39.1 | 0 | 0 | 0 | 0 |
| Net Receivables | 76.6 | 67.5 | 48.1 | 36.1 | 21.1 | 13.1 | 13.5 | 14.3 | 19.2 | 14.0 | 18.2 | 25.6 | 0 | 0 |
| Inventory | 24.3 | 24.9 | 26.1 | 28.4 | 20.4 | 11.7 | 10.3 | 7.1 | 5.5 | 4.5 | 10.4 | 8.5 | 0 | 0 |
| Other Current Assets | 5.1 | 1.8 | 2.2 | 2.3 | 2.9 | 2.6 | 1.0 | 0.1 | 3.4 | 3.3 | 6.7 | 2.0 | 0 | 0 |
| Total Current Assets | 181.2 | 173.7 | 185.5 | 157.9 | 151.8 | 143.2 | 113.0 | 119.6 | 126.2 | 122.4 | 96.2 | 116.3 | 0 | 0 |
| Non-Current Assets | ||||||||||||||
| Property, Plant & Equipment | 20.6 | 25.1 | 30.2 | 32.7 | 35.0 | 36.3 | 30.0 | 26.8 | 13.4 | 8.6 | 17.0 | 1.8 | 0 | 0 |
| Goodwill | 12.8 | 12.8 | 12.8 | 12.8 | 12.8 | 12.8 | 12.8 | 12.8 | 12.8 | 12.8 | 12.8 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.1 | 0.6 | 1.3 | 1.9 | 11.0 | 0.3 | 0 | 0 |
| Long-Term Investments | 8.0 | 21.8 | 13.8 | 3.1 | 2.3 | 0 | 15.4 | 1.3 | 0.2 | 2.1 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0.6 | 0.4 | 0.4 | 0.4 | 0.4 | 1.0 | 0.6 | 0.4 | 0.0 | 0.0 | 5.6 | 2.0 | 0 | 0 |
| Total Non-Current Assets | 50.3 | 69.1 | 67.5 | 59.2 | 61.9 | 61.1 | 75.8 | 60.2 | 35.5 | 26.7 | 46.8 | 4.3 | 0 | 0 |
| Total Assets | 231.5 | 242.8 | 253.0 | 217.0 | 213.7 | 204.3 | 188.8 | 179.8 | 161.7 | 149.1 | 143.0 | 120.6 | 3.1 | 2.4 |
| Current Liabilities | ||||||||||||||
| Account Payables | 2.1 | 3.1 | 3 | 0.8 | 0.9 | 1.1 | 1.2 | 1.4 | 4.1 | 1.5 | 2.0 | 2.3 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 | 0.0 | 0.0 | 0.5 | 0.2 | 0 | 0 |
| Deferred Revenue | 0 | 0.6 | 1.1 | 1.2 | 3.3 | 1.6 | 15.7 | 16.3 | 6.4 | 7.3 | 4.6 | 4 | 0 | 0 |
| Other Current Liabilities | 10.3 | 1.1 | 1.1 | 1.0 | 0 | 0.8 | 3.8 | 3.5 | 11.7 | 2.7 | 13.5 | 0 | 0 | 0 |
| Total Current Liabilities | 17.4 | 23.4 | 21.5 | 18.3 | 19.8 | 15.7 | 27.8 | 27.1 | 19.8 | 17.2 | 17.5 | 13.2 | 0 | 0 |
| Non-Current Liabilities | ||||||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.2 | 0.4 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.2 | 0.4 | 0.1 | 0 | 0 |
| Other Non-Current Liabilities | 1.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.4 | 0.3 | 0.2 | 0 | 0.6 | 3.4 | 0.0 | 0 | 0 |
| Total Non-Current Liabilities | 8.0 | 9.4 | 11.7 | 13.4 | 15.1 | 17.0 | 24.9 | 39.3 | 59.4 | 66.8 | 4.5 | 0.4 | 0 | 0 |
| Total Liabilities | 25.3 | 32.8 | 33.2 | 31.7 | 34.9 | 32.7 | 52.8 | 66.5 | 79.2 | 83.9 | 22 | 13.6 | 0 | 0 |
| Stockholders' Equity | ||||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 |
| Retained Earnings | 128.7 | 105.7 | 82.7 | 61.2 | 37.1 | 22.8 | (3.6) | (14.5) | (45.9) | (58.3) | 12.4 | 8.8 | 0 | 0 |
| Accumulated Other Comprehensive Income | (0.1) | 0.1 | (0.0) | (0.3) | (0.1) | 0.1 | (0.0) | (0.1) | (0.1) | (0.1) | (0.1) | (0.3) | 0 | 0 |
| Total Stockholders' Equity | 206.2 | 210.0 | 219.8 | 185.3 | 178.8 | 171.6 | 136.0 | 113.4 | 82.5 | 65.1 | 121.0 | 107.0 | 1.0 | 1.2 |
| Total Liabilities & Equity | 231.5 | 242.8 | 253.0 | 217.0 | 213.7 | 204.3 | 188.8 | 179.8 | 161.7 | 149.1 | 143.0 | 120.6 | 3.1 | 2.4 |
| Debt Metrics | ||||||||||||||
| Total Debt | 9.4 | 11.3 | 13.3 | 14.9 | 16.4 | 17.7 | 12.6 | 13.5 | 0.0 | 0.0 | 1.1 | 0.6 | 0 | 0 |
| Net Debt | (38.6) | (18.3) | (54.8) | (41.5) | (57.9) | (76.6) | (13.8) | (8.5) | (27.8) | (61.3) | (58.0) | (78.7) | 0 | 0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 23.0 | 23.1 | 21.5 | 24.0 | 14.3 | 26.4 | 10.9 | 22.1 | 12.3 | 1.0 |
| Depreciation & Amortization | 3.4 | 5.8 | 5.7 | 6.3 | 5.9 | 5.3 | 4.4 | 3.9 | 3.7 | 3.7 |
| Stock-Based Compensation | 7.7 | 10.3 | 8.0 | 6.5 | 6.1 | 4.8 | 5.7 | 5.2 | 4.1 | 3.3 |
| Change in Working Capital | (16.1) | (18.7) | (9.3) | (25.9) | (13.9) | (28.6) | (17.7) | (14.7) | (9.1) | (2.3) |
| Other Non-Cash Items | 0.1 | (1.2) | 0.2 | 0.5 | 1.5 | 3.1 | 0.6 | 1.4 | 0.7 | (0.3) |
| Operating Cash Flow | 18.8 | 20.5 | 26.1 | 12.6 | 13.5 | 16.9 | 5.3 | 7.6 | 2.9 | 5.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (1.3) | (1.3) | (2.6) | (3.1) | (6.7) | (6.8) | (7.4) | (5.2) | (7.4) | (1.1) |
| Acquisitions | 0 | 0 | 0 | 1.1 | 6.7 | 6.8 | 7.4 | 5.2 | 0 | 0 |
| Purchases of Investments | (31.4) | (91.0) | (84.6) | (3.8) | (48.9) | (12.9) | (85.2) | (86.2) | (80.6) | (46.6) |
| Sales/Maturities of Investments | 66.7 | 76.5 | 67.9 | 39.8 | 35.0 | 66.2 | 85.7 | 81.3 | 49.1 | 7.5 |
| Other Investing Activities | 0.0 | 0.1 | 0.1 | (40.9) | (6.7) | (6.8) | (7.4) | (5.2) | 1.5 | (0.6) |
| Investing Cash Flow | 34.0 | (15.7) | (19.1) | (6.9) | (20.6) | 46.6 | (6.9) | (10.2) | (37.4) | (40.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.0) | (0.0) |
| Stock Repurchased | (35.6) | (50.4) | 0 | (26.7) | (23.3) | 0 | 0 | (10) | (4.3) | (9.4) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.7) | 0 | 0 | 0 | 0 | (0.0) | (0.1) | (0.1) | (0.3) | 0 |
| Financing Cash Flow | (34.5) | (43.3) | 4.8 | (23.7) | (12.8) | 4.4 | 6.0 | (5.9) | 1.0 | (2.8) |
| Cash Position | ||||||||||
| Net Change in Cash | 18.3 | (38.5) | 11.8 | (18.0) | (19.9) | 67.9 | 4.3 | (8.5) | (33.6) | (38.6) |
| Cash at Beginning | 29.8 | 68.2 | 56.5 | 74.5 | 94.4 | 26.5 | 22.1 | 30.6 | 61.4 | 99.9 |
| Cash at End | 48.1 | 29.8 | 68.2 | 56.5 | 74.5 | 94.4 | 26.5 | 22.1 | 27.8 | 61.4 |
| Free Cash Flow | 17.4 | 19.2 | 23.5 | 9.5 | 6.8 | 10.1 | (2.1) | 2.3 | (4.5) | 3.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||
| Revenue | 134.7 | 144.9 | 128.3 | 125.6 | 103.9 | 92.1 | 72.8 | 74.5 | 63.2 | 54.7 | 44.7 | 30.4 | 43.0 | 42.6 | 28.0 | 45.9 | 47.0 | 52.1 | 35.4 | 20.1 | 10.7 | 4.0 | 4.0 |
| Gross Profit | 87.8 | 96.9 | 87.1 | 87.4 | 71.2 | 63.8 | 52.5 | 56.6 | 44.1 | 36.9 | 25.6 | 16.7 | 25.7 | 20.2 | 7.8 | 22.1 | 29.4 | 33.2 | 20.6 | 11.9 | 10.7 | 2.0 | 2.0 |
| Operating Income | 24.6 | 19.7 | 19.1 | 24.8 | 13.8 | 31.3 | 10.4 | 10.0 | 3.3 | 0.4 | (11.8) | (18.5) | (2.9) | (8.7) | (25.3) | (5.0) | 6.2 | 12.9 | 9.3 | 3.6 | 10.7 | (0.4) | 0.2 |
| Net Income | 23.0 | 23.1 | 21.5 | 24.0 | 14.3 | 26.4 | 10.9 | 22.1 | 12.3 | 1.0 | (11.6) | (18.7) | (3.1) | (8.3) | (26.4) | (3.6) | 3.7 | 8.7 | 5.8 | 2.4 | 0.9 | (0.5) | 0.2 |
| EPS (Diluted) | 0.42 | 0.40 | 0.37 | 0.42 | 0.24 | 0.47 | 0.19 | 0.40 | 0.33 | 0.07 | -0.22 | -0.36 | -0.06 | -0.16 | -0.50 | -0.07 | 0.07 | 0.18 | 0.14 | 0.06 | 0.02 | -0.02 | 0.01 |
| Balance Sheet | |||||||||||||||||||||||
| Cash & Equivalents | 48.1 | 29.6 | 68.1 | 56.4 | 74.4 | 94.3 | 26.4 | 22.0 | 27.8 | 61.4 | 59.1 | 79.3 | 0 | 0 | |||||||||
| Total Assets | 231.5 | 242.8 | 253.0 | 217.0 | 213.7 | 204.3 | 188.8 | 179.8 | 161.7 | 149.1 | 143.0 | 120.6 | 3.1 | 2.4 | |||||||||
| Total Debt | 9.4 | 11.3 | 13.3 | 14.9 | 16.4 | 17.7 | 12.6 | 13.5 | 0.0 | 0.0 | 1.1 | 0.6 | 0 | 0 | |||||||||
| Stockholders' Equity | 206.2 | 210.0 | 219.8 | 185.3 | 178.8 | 171.6 | 136.0 | 113.4 | 82.5 | 65.1 | 121.0 | 107.0 | 1.0 | 1.2 | |||||||||
| Cash Flow | |||||||||||||||||||||||
| Operating Cash Flow | 18.8 | 20.5 | 26.1 | 12.6 | 13.5 | 16.9 | 5.3 | 7.6 | 2.9 | 5.0 | |||||||||||||
| Capital Expenditure | (1.3) | (1.3) | (2.6) | (3.1) | (6.7) | (6.8) | (7.4) | (5.2) | (7.4) | (1.1) | |||||||||||||
| Free Cash Flow | 17.4 | 19.2 | 23.5 | 9.5 | 6.8 | 10.1 | (2.1) | 2.3 | (4.5) | 3.9 | |||||||||||||