ENERGY RECOVERY INC (ERII)
Industrials · Water treatment equipment and energy recovery systems · NASDAQ
Energy Recovery manufactures pressure exchanger technology that slashes energy consumption in global desalination and water treatment infrastructure while expanding into adjacent industrial fluid-handling applications.
What ENERGY RECOVERY INC does
Energy Recovery designs and manufactures pressure exchanger technology that recovers and transfers pressure energy in critical infrastructure processes, primarily serving the desalination and water treatment industries. The company's flagship PX Pressure Exchanger reduces energy consumption by up to 60% in seawater reverse osmosis (SWRO) desalination facilities and operates at up to 98% efficiency with minimal maintenance. Leveraging over 30 years of leadership in desalination, the company has expanded its pressure exchanger technology platform to serve emerging applications in wastewater treatment, CO2 refrigeration, and other industrial processes using pressurized fluids.
Themes: ["Water desalination","Water treatment / wastewater","Energy efficiency / energy recovery","Sustainable infrastructure","Industrial process optimization"]
Fundamentals
- Price$8.93 as of 2026-07-09 close
- Market cap$449M as of 2026-07-10
- 1-year return-32.7% as of 2026-07-09 close
- P/E21.83 as of 2026-07-10
- Net margin+15.1% as of 2026-07-10
- Gross margin+64.3% as of 2026-07-10
- ROE+10.9% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)-3.0% as of 2026-07-10
- Revenue CAGR (3y)+2.4% SEC XBRL
- Beta0.91 as of 2026-07-10
Key risks (from latest filing)
["Revenue decline (YoY growth of -3.05%) and recent decision to wind down CO2 retail grocery business segment indicate market headwinds and strategic adjustments","Exposure to capital-intensive infrastructure projects with potential timing delays in customer payments and project revenue recognition","Dependence on exports with sales outside the U.S. representing a significant portion of revenue, creating foreign exchange and geopolitical exposure"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.