Energy Recovery, Inc.
Energy Recovery, Inc. (ERII) is listed on NASDAQ and classified in Pollution & Treatment Controls, part of the Industrials sector. It is headquartered in San Leandro, United States and has 230 employees. The company is worth $340.47M and trades at 25.7x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $134.99M in fiscal 2025, down 6.9% from the year before. Net income was $22.96M. The share price is 63.6% below its 52-week high of $18.32. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $4.3M. In that quarter, 2 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -68.7% over 5Y.
today you would have $327.26▼ -67.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $13.49 | $14.70 | $18.84 | $20.49 | $21.49 | $13.64 | $9.79 | $6.73 | $8.75 | $10.35 | $7.07 | $5.27 | $5.55 | $3.40 | $2.58 | $3.66 | $6.88 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 24.3 among peers in the sector.
Median P/E of 48.8 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ORNOrion Group Holdings Inc | $8.52 | 106.5x | 2.1x | 0.00% | 2.27% | $345.02M |
| IAInnovative Solutions & Support Inc | $19.35 | 18.3x | 4.5x | 0.00% | 28.50% | $346.35M |
| SPIRSpire Global, Inc. | $8.95 | — | 2.4x | 0.00% | -61.72% | $350.08M |
| SHIPSeanergy Maritime Holdings Corp. |
| 48.8x |
| 32.1x |
| 36.7x |
| 50.9x |
| 48.8x |
| 89.5x |
| 29.0x |
| 51.5x |
| 16.8x |
| 26.5x |
| 147.9x |
| — |
| — |
| — |
| — |
| — |
| — |
| 98.3x |
| P/S | 6.6x | 5.3x | 5.6x | 8.4x | 9.2x | 11.7x | 6.5x | 6.2x | 4.9x | 6.8x | 9.7x | 8.4x | 9.0x | 6.6x | 4.1x | 4.8x | 4.2x | 7.7x |
| P/B | 3.9x | 3.5x | 3.8x | 4.9x | 6.2x | 6.8x | 4.5x | 4.0x | 3.2x | 5.1x | 8.1x | 5.7x | 3.9x | 3.3x | 2.0x | 1.4x | 1.6x | 3.0x |
| EPS | $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 |
| Profit margin | 12.55% | 17.01% | 15.90% | 16.75% | 19.15% | 13.73% | 22.18% | 12.55% | 29.65% | 26.55% | 6.44% | -26.65% | -61.48% | -7.22% | -19.36% | -94.28% | -7.87% | 7.84% |
| ROE | 7.98% | 11.14% | 10.98% | 9.78% | 12.98% | 7.98% | 15.37% | 8.02% | 19.49% | 19.97% | 5.43% | -18.09% | -26.75% | -3.57% | -9.45% | -27.27% | -2.99% | 3.05% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 3 families.
Room for errors in the reported numbers.
+9.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $15.28 |
| 5.3x |
| 1.1x |
| 9.16% |
| 21.41% |
| $331.08M |
| ADURAduro Clean Technologies Inc | $9.95 | — | 8.2x | 0.00% | -48.31% | $352.48M |
| CDZICadiz Inc | $3.87 | — | 70.4x | 0.00% | -183.13% | $327.7M |