Energy Recovery (ERII) Financials

$15.18 +0.42 (+2.85%)

As of 04:00 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-19	-12	3.72	18	22	11	26	14	24	22	23
Consolidated Net Income / (Loss)	-19	-12	3.72	18	22	11	26	14	24	22	23
Net Income / (Loss) Continuing Operations	-19	-12	3.72	18	22	11	26	14	24	22	23
Total Pre-Tax Income	-18	-12	3.71	9.93	11	12	32	14	26	23	26
Total Operating Income	-18	-12	3.43	9.25	9.98	10	31	14	25	19	20
Total Gross Profit	30	44	32	50	57	52	91	71	87	87	97
Total Revenue	30	44	50	69	75	87	119	104	126	128	145
Operating Revenue	30	44	50	69	75	87	119	104	126	128	145
Total Cost of Revenue	0.00	0.00	18	19	18	20	28	33	38	41	48
Operating Cost of Revenue	-	-	18	19	18	20	28	33	38	41	48
Total Operating Expenses	49	55	28	41	47	56	59	57	63	68	77
Selling, General & Admin Expense	14	20	17	17	21	23	26	25	28	29	33
Marketing Expense	11	9.33	9.12	9.39	7.55	9.43	8.13	12	16	22	25
Research & Development Expense	9.69	7.66	10	13	17	23	23	20	18	17	16
Restructuring Charge	-	-	-	-	-	-	-	-	0.00	0.00	2.48
Total Other Income / (Expense), net	0.07	-0.18	0.29	0.68	1.46	1.89	0.84	0.17	1.24	3.66	6.01
Interest & Investment Income	-	0.05	0.31	-	1.54	2.01	0.91	0.20	0.91	3.76	6.22
Other Income / (Expense), net	0.07	-0.19	-0.02	0.68	-0.08	-0.12	-0.07	-0.03	0.33	-0.10	-0.21
Income Tax Expense	0.29	-0.33	-0.01	-8.43	-11	1.34	5.75	-0.27	2.02	1.20	2.69
Basic Earnings per Share	($0.36)	($0.22)	$0.07	$0.34	$0.41	$0.20	$0.47	$0.25	$0.43	$0.38	$0.40
Weighted Average Basic Shares Outstanding	51.68M	52.15M	52.34M	53.70M	53.76M	54.74M	55.71M	56.99M	56.22M	56.44M	57.21M
Diluted Earnings per Share	($0.36)	($0.22)	$0.07	$0.33	$0.40	$0.19	$0.47	$0.24	$0.42	$0.37	$0.40
Weighted Average Diluted Shares Outstanding	51.68M	52.15M	55.45M	55.61M	55.34M	56.07M	56.64M	58.72M	57.64M	57.74M	57.82M
Weighted Average Basic & Diluted Shares Outstanding	51.68M	52.90M	51.70M	53.99M	53.90M	55.49M	57.10M	56.81M	56.28M	57.08M	54.96M

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	8.91	4.22	10.00	-22	7.20	17	2.68	-30	23	-34
Net Cash From Operating Activities	-1.21	6.36	8.66	-4.13	7.75	14	6.50	8.07	-3.00	8.96
Net Cash From Continuing Operating Activities	-1.21	6.36	8.66	-4.13	7.75	14	6.50	8.07	-3.00	8.96
Net Income / (Loss) Continuing Operations	4.79	14	-6.30	-1.67	9.66	20	-8.26	-0.64	8.48	23
Consolidated Net Income / (Loss)	4.79	14	-6.30	-1.67	9.66	20	-8.26	-0.64	8.48	23
Depreciation Expense	1.30	-0.18	1.39	0.63	1.06	1.03	1.03	1.01	1.01	1.00
Amortization Expense	0.14	1.57	-0.09	0.51	0.19	0.17	0.20	0.07	-0.01	0.18
Non-Cash Adjustments To Reconcile Net Income	0.03	-0.75	3.20	2.32	2.49	2.05	5.69	2.79	1.27	-2.14
Changes in Operating Assets and Liabilities, net	-7.47	-8.00	10	-5.94	-5.64	-9.28	7.84	4.84	-14	-14
Net Cash From Investing Activities	8.86	-2.82	1.17	-18	-1.34	-0.74	-4.99	-39	22	6.52
Net Cash From Continuing Investing Activities	8.86	-2.82	1.17	-18	-1.34	-0.74	-4.99	-39	22	6.52
Purchase of Property, Plant & Equipment	-0.56	-1.23	-0.28	-0.57	-0.33	-1.39	-0.82	-0.20	-0.17	-0.10
Purchase of Investments	-	-7.61	-14	-35	-30	-5.61	-21	-52	-7.21	-11
Sale of Property, Plant & Equipment	-	0.37	0.08	-	-	0.01	0.09	0.00	-	0.04
Sale and/or Maturity of Investments	8.69	5.65	15	18	29	6.25	17	14	29	17
Net Cash From Financing Activities	1.23	0.74	0.17	0.21	0.81	3.61	1.19	0.31	4.29	-49
Net Cash From Continuing Financing Activities	1.23	0.74	0.17	0.21	0.81	3.61	1.19	0.31	4.29	-49
Issuance of Common Equity	1.26	0.74	0.17	0.21	0.81	3.61	1.19	0.31	4.29	1.31
Effect of Exchange Rate Changes	0.03	-0.06	0.01	0.03	-0.01	0.01	-0.02	-0.01	0.00	-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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	86	152	149	164	180	189	204	214	217	253	243
Total Current Assets	53	124	122	126	120	113	143	152	158	185	174
Cash & Equivalents	16	100	61	-	-	26	94	74	56	68	30
Short-Term Investments	13	0.26	39	-	73	59	20	31	33	40	48
Accounts Receivable	12	13	14	-	10	13	12	21	34	47	64
Inventories, net	8.20	6.50	4.55	-	7.14	10	12	20	28	26	25
Prepaid Expenses	1.32	0.94	1.31	-	2.83	4.55	4.95	5.08	5.61	3.84	6.67
Plant, Property, & Equipment, net	13	11	8.64	0.00	15	19	20	20	20	19	15
Total Noncurrent Assets	19	18	18	11	46	57	41	42	40	49	54
Long-Term Investments	0.27	-	-	-	1.27	15	0.00	2.30	3.06	14	22
Goodwill	13	13	13	-	13	13	13	13	13	13	13
Noncurrent Deferred & Refundable Income Taxes	-	0.00	1.27	7.93	18	17	11	11	10	10	9.00
Other Noncurrent Operating Assets	0.00	0.00	0.00	2.84	13	12	17	15	13	12	10
Total Liabilities & Shareholders' Equity	86	152	149	164	180	189	204	214	217	253	243
Total Liabilities	16	88	84	73	66	53	33	35	32	33	33
Total Current Liabilities	12	16	17	30	27	28	16	20	18	21	23
Accounts Payable	1.82	1.87	1.51	-	1.44	1.19	1.12	0.91	0.81	3.00	3.11
Accrued Expenses	9.18	8.27	9.43	7.95	8.50	9.87	12	14	15	16	18
Current Deferred Revenue	0.52	5.88	6.20	16	-	-	1.55	3.32	1.20	1.10	0.57
Other Current Liabilities	-	-	-	1.60	17	17	1.24	1.56	1.60	1.79	2.02
Total Noncurrent Liabilities	4.50	72	67	42	39	25	17	15	13	12	9.35
Other Noncurrent Operating Liabilities	2.45	0.72	0.55	1.70	13	25	17	15	13	12	9.35
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	70	64	65	-37	113	136	172	179	185	220	210
Total Preferred & Common Equity	70	64	65	92	113	136	172	179	185	220	210
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	70	64	65	-37	113	136	172	179	185	220	210
Common Stock	124	130	140	-	158	170	179	196	205	218	235
Retained Earnings	-48	-59	-58	-37	-14	-3.55	23	37	61	83	106
Treasury Stock	-6.84	-6.84	-16	-	-30	-30	-30	-54	-80	-80	-131
Accumulated Other Comprehensive Income / (Loss)	-0.07	-0.06	-0.12	-	-0.13	-0.04	0.05	-0.15	-0.35	-0.04	0.10

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

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

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

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

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

Frequently Asked Questions About Energy Recovery's Financials

When does Energy Recovery's fiscal year end?

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

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 4/24/2025 by MarketBeat.com Staff

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Energy Recovery (ERII) Financials

Frequently Asked Questions About Energy Recovery's Financials

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Energy Recovery (ERII) Financials

Annual Income Statements for Energy Recovery

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