# Energy Recovery share price today (Energy Recovery, Inc., ERII)

> Energy Recovery, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ERII · Industrials · Pollution & Treatment Controls · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/erii

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $7.17 (−48.7% in a year)
- P/E: 78.0×, over 1 year
- Revenue (Jun 2026): $12.0 M (−57.2% on a year ago)
- Profit (Jun 2026): −$3.2 M (−255.7% on a year ago)
- Operating margin: −41.9% (−47.2 points on a year ago)
- ROE: 11%, FY25
- ROIC: 7.4%, against a 9.0% cost of capital: −1.6 points

The main question: yearly earnings per share moved +5.0% while the share price moved −48.7%. ## What is the Energy Recovery share price today? Energy Recovery, Inc.'s share price was $7.17 at the close on 4 November 2026. That is 24.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between $7 and $16, and at that close it sat 5% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 37 weeks running. Over the last 1 year the share price moved −46% while the S&P 500 moved +23%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 20 February 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Energy Recovery pay? Energy Recovery, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Energy Recovery on? Energy Recovery is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Energy Recovery profitable? Energy Recovery, Inc. posted a net loss of $3.2 M in the Jun 2026 quarter. Full-year FY25 profit was $23.0 M. Over 4 years profit has grown 12.6% a year on average. That loss is 26.7% of the quarter's revenue. The same quarter a year earlier earned $2.1 M. 5 of the last 12 reported quarters were loss-making. Jun 2026 profit was −$3.2 M, −255.7% on a year earlier. For the full year, FY25 profit was $23.0 M (−0.4% on the year before). Why profit moved: revenue changed −57.2% on a year earlier and the margin moved −47.2 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −98.4% and revenue −13.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Energy Recovery make, and is it growing? Energy Recovery, Inc. reported $12.0 M of revenue in the Jun 2026 quarter, −57.2% on the same quarter a year earlier. Over 4 years it has grown 6.8% a year on average. The last full year, FY25, came in at $135 M. The last four reported quarters add to $121 M. FY25 revenue was $135 M, −6.9% on the year before. Recent pace: the last four quarters grew −13.6% on average, against 6.8% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −15.0%, against −5.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −36.4%, against −13.6% a year (rolling over). ## How much of every $100 of sales does Energy Recovery keep? Energy Recovery, Inc.'s operating margin was −41.9% in the Jun 2026 quarter, 47.2 percentage points lower than the same quarter a year ago. Across 5 years it has been between 13.3% and 19.8%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −47.2 percentage points on the year while gross margin changed +10.7 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Energy Recovery's profit turning into cash? Over the last 3 years, 97% of Energy Recovery, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $18.8 M of operating cash against $23.0 M of profit. After $1.3 M of spending on assets, $17.4 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Energy Recovery's cash go? Energy Recovery, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $5.2 M on assets over the last 3 years. Averaged over those years that is 1.3% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $5.2 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Energy Recovery's P/E ratio, and how does it compare with its own history? Energy Recovery, Inc.'s P/E is 78.0×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +5.0% while the price moved −48.7%. Earnings did better than the price, which pulled the multiple down within its own range. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Energy Recovery business getting better or worse? Energy Recovery, Inc.'s business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −15.0% in the latest quarter, against +24.9% at its best in 12 quarters, with ROCE steady at 9.8%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Energy Recovery earn on its capital? Energy Recovery, Inc. earned a ROE of 11% in FY25. That is up from a low of 8% in FY21. Its return on capital used (ROIC) is 1.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 17.0% net margin and 0.58× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 17.0% net margin × 0.58× asset turnover × 1.12× leverage (assets divided by equity) ≈ 11.0% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 7.4% − 9.0% = −1.6 percentage points. The 9.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 7.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 14.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Energy Recovery have too much debt? Energy Recovery, Inc. has total debt of $8.2 M against shareholder equity of $172 M as of Jun 2026, so its debt is 0.05× its equity, which is very little. Year by year, that ratio went from 0.09 in FY21 to 0.05 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Energy Recovery shareholding pattern? 6.5% of Energy Recovery, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 3.8 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Energy Recovery from balance-sheet trouble? For Energy Recovery, Inc., the Z-score is 18.89. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 18.89 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Energy Recovery rank in its industry? 36.2 out of 100, rank 3 of 7 in Pollution & Treatment Controls, with 81% of the evidence available. Energy Recovery, Inc. scores 36.2 out of 100 against the 7 companies it is compared with in Pollution & Treatment Controls, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 5.7 + 11.2 + 10.4 + 8.9 = 36.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Energy Recovery compared with? Energy Recovery ranks 3 of 7 Pollution & Treatment Controls companies on the 4-Factor Sector Score, with 36.2 out of 100. 1. [Zurn Elkay Water Solutions Corporation](https://www.sectoralpha.in/us/stocks/zws) ZWS · quiet · Most evidence points up · 81% evidence 70.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/35 · Revenue 10.6% · Profit 57.7% · Operating margin change 13.7 points · 83% evidence Capital efficiency 18.0/25 · ROCE 15.4% · Operating margin 31.4% · 76% evidence Valuation 11.8/20 · P/E 30.5× · PEG 1.28 · 65% evidence Relative strength 14.9/20 · Lead over its industry 8.4% · Lead over S&P 500 -11.8% · 1 year -4.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25.9 + 18 + 11.8 + 14.9 = 70.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Veralto Corporation](https://www.sectoralpha.in/us/stocks/vlto) VLTO · breaking out · Too little evidence to rank firmly · 56% evidence 68.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.3/35 · Revenue n/a · Profit n/a · Operating margin change -1.4 points · 39% evidence Capital efficiency 20.9/25 · ROCE 19.9% · Operating margin 21.4% · 76% evidence Valuation 10.3/20 · P/E 23× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 41.3% · Lead over S&P 500 15.6% · 1 year 18.7% · 100% evidence · 9 of 12 weeks ahead Exact sum: 17.3 + 20.9 + 10.3 + 20 = 68.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. Energy Recovery, Inc. this page ERII · basing · Evidence leans down · 81% evidence 36.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.7/35 · Revenue -14.8% · Profit -30.4% · Operating margin change -47.2 points · 83% evidence Capital efficiency 11.2/25 · ROCE 11% · Operating margin -41.9% · 76% evidence Valuation 10.4/20 · P/E 31.1× · PEG 1.44 · 65% evidence Relative strength 8.9/20 · Lead over its industry -21.2% · Lead over S&P 500 -35.9% · 1 year -48.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 5.7 + 11.2 + 10.4 + 8.9 = 36.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [CECO Environmental Corp.](https://www.sectoralpha.in/us/stocks/ceco) CECO · quiet · Most evidence points down · 71% evidence 34.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.9/35 · Revenue 37.6% · Profit -158.5% · Operating margin change -4.9 points · 83% evidence Capital efficiency 11.1/25 · ROCE 1.8% · Operating margin 4.9% · 76% evidence Valuation 8.5/20 · P/E 42.6× · PEG n/a · 15% evidence Relative strength 3.4/20 · Lead over its industry -22.4% · Lead over S&P 500 -37.6% · 1 year -14.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 11.9 + 11.1 + 8.5 + 3.4 = 34.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. PureCycle Technologies, Inc. PCT · quiet · Too little evidence to rank firmly · 56% evidence 34.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Revenue n/a · Profit n/a · Operating margin change 1847.4 points · 39% evidence Capital efficiency 6.3/25 · ROCE -18.4% · Operating margin -916.1% · 76% evidence Valuation 10.9/20 · P/E -6.4× · PEG n/a · 15% evidence Relative strength 0.0/20 · Lead over its industry -56.8% · Lead over S&P 500 -65.5% · 1 year -73.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.4 + 6.3 + 10.9 + 0 = 34.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Aduro Clean Technologies Inc.](https://www.sectoralpha.in/us/stocks/adur) ADUR · quiet · Too little evidence to rank firmly · 50% evidence 45.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue n/a · Profit n/a · Operating margin change 3610.8 points · 32% evidence Capital efficiency 6.5/25 · ROCE -22% · Operating margin n/a · 61% evidence Valuation 11.5/20 · P/E -35.6× · PEG n/a · 15% evidence Relative strength 6.2/20 · Lead over its industry -9.5% · Lead over S&P 500 -27.2% · 1 year -19.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21.6 + 6.5 + 11.5 + 6.2 = 45.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. CleanCore Solutions, Inc. ZONE · Too little evidence to rank firmly · 41% evidence 40.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/43.75 · Revenue 100% · Profit n/a · Operating margin change -279.9 points · 62% evidence Capital efficiency 4.4/31.25 · ROCE -104.6% · Operating margin -686.2% · 76% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 24 + 4.4 + 12.5 = 40.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Pollution & Treatment Controls](https://www.sectoralpha.in/us/sectors/pollution-treatment-controls), all 7 compared on one page. ## Which companies are close to Energy Recovery in size? Energy Recovery is the 4th largest of 5 Pollution & Treatment Controls companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Veralto Corporation, Zurn Elkay Water Solutions Corporation and CECO Environmental Corp. Just below it: Aduro Clean Technologies Inc. ### Pollution & Treatment Controls companies close in size

1. [Veralto Corporation](https://www.sectoralpha.in/us/stocks/vlto) $28.5 billion
2. [Zurn Elkay Water Solutions Corporation](https://www.sectoralpha.in/us/stocks/zws) $7.5 billion
3. [CECO Environmental Corp.](https://www.sectoralpha.in/us/stocks/ceco) $2.7 billion
4. Energy Recovery, Inc. $366 million
5. [Aduro Clean Technologies Inc.](https://www.sectoralpha.in/us/stocks/adur) $355 million

[All 5 Pollution & Treatment Controls companies, largest first](https://www.sectoralpha.in/us/sectors/pollution-treatment-controls#all-companies)

### Companies close in size in other industries

1. [USCB Financial Holdings, Inc.](https://www.sectoralpha.in/us/stocks/uscb) $366 million · Banks - Regional
2. [Stitch Fix, Inc.](https://www.sectoralpha.in/us/stocks/sfix) $366 million · Apparel Retail
3. Energy Recovery, Inc. $366 million
4. [Cooper-Standard Holdings Inc.](https://www.sectoralpha.in/us/stocks/cps) $365 million · Auto Parts
5. [JAKKS Pacific, Inc.](https://www.sectoralpha.in/us/stocks/jakk) $365 million · Leisure

## What else do people ask about Energy Recovery? ### What were Energy Recovery's latest quarterly results? Energy Recovery, Inc. reported revenue of $12.0 M and a net loss of $3.2 M for the Jun 2026 quarter. Revenue fell 57.2% and profit fell 255.7% compared with a year earlier. Earnings per share were −$0.06. The operating margin was −41.9%, 47.2 percentage points lower than a year earlier (as of 4 November 2026). ### What is Energy Recovery's market cap? Energy Recovery, Inc.'s market capitalisation is $366 M at a stock price of $7.17. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Energy Recovery performing? Energy Recovery, Inc.'s latest readings are below. In its latest quarter, revenue fell 57.2% and profit fell 255.7% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 37 weeks running. This describes what the data did, not a rating (as of 4 November 2026). ### Will Energy Recovery's stock price go up? This page does not forecast Energy Recovery, Inc.'s stock price. What it shows instead: the stock price is $7.17. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026). ### Where is Energy Recovery in its business cycle? Energy Recovery, Inc.'s FY25 operating margin was 18.2%, against a 5-year range of 13.3% to 19.8%: the middle of its own range, neither a peak nor a low. The latest quarter was −41.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Energy Recovery story? The main question: yearly earnings per share moved +5.0% while the share price moved −48.7%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Energy Recovery a stock worth studying right now? What the numbers show: Energy Recovery, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). This is research, not advice. We’re not SEBI-registered.