vs
Side-by-side financial comparison of Airsculpt Technologies, Inc. (AIRS) and Energy Recovery, Inc. (ERII). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $33.4M, roughly 2.0× Airsculpt Technologies, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 3.8%, a 36.4% gap on every dollar of revenue. On growth, Energy Recovery, Inc. posted the faster year-over-year revenue change (-0.3% vs -14.6%). Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M vs $-2.6M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs -16.2%).
Airsculpt Technologies, Inc. is a medical technology and aesthetic services provider specializing in its proprietary minimally invasive AirSculpt body contouring treatments. The company operates premium clinics across the United States, catering to consumers seeking precise fat removal and body shaping solutions with significantly shorter recovery times than traditional cosmetic procedures.
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
AIRS vs ERII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $33.4M | $66.9M |
| Net Profit | $1.3M | $26.9M |
| Gross Margin | — | 67.2% |
| Operating Margin | -3.0% | 46.8% |
| Net Margin | 3.8% | 40.2% |
| Revenue YoY | -14.6% | -0.3% |
| Net Profit YoY | 126.7% | 14.7% |
| EPS (diluted) | $0.02 | $0.49 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $33.4M | $66.9M | ||
| Q3 25 | $35.0M | $32.0M | ||
| Q2 25 | $44.0M | $28.1M | ||
| Q1 25 | $39.4M | — | ||
| Q4 24 | $39.2M | $67.1M | ||
| Q3 24 | $42.5M | $38.6M | ||
| Q2 24 | $51.0M | $27.2M | ||
| Q1 24 | $47.6M | $12.1M |
| Q4 25 | $1.3M | $26.9M | ||
| Q3 25 | $-9.5M | $3.9M | ||
| Q2 25 | $-591.0K | $2.1M | ||
| Q1 25 | $-2.8M | — | ||
| Q4 24 | $-4.8M | $23.5M | ||
| Q3 24 | $-6.0M | $8.5M | ||
| Q2 24 | $-3.2M | $-642.0K | ||
| Q1 24 | $6.0M | $-8.3M |
| Q4 25 | — | 67.2% | ||
| Q3 25 | — | 64.2% | ||
| Q2 25 | — | 64.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 70.2% | ||
| Q3 24 | — | 65.1% | ||
| Q2 24 | — | 64.6% | ||
| Q1 24 | — | 59.0% |
| Q4 25 | -3.0% | 46.8% | ||
| Q3 25 | -27.9% | 11.4% | ||
| Q2 25 | 1.8% | 5.3% | ||
| Q1 25 | -4.0% | — | ||
| Q4 24 | -9.9% | 38.2% | ||
| Q3 24 | -8.7% | 18.3% | ||
| Q2 24 | -9.8% | -7.4% | ||
| Q1 24 | 23.1% | -90.4% |
| Q4 25 | 3.8% | 40.2% | ||
| Q3 25 | -27.2% | 12.1% | ||
| Q2 25 | -1.3% | 7.3% | ||
| Q1 25 | -7.2% | — | ||
| Q4 24 | -12.3% | 35.0% | ||
| Q3 24 | -14.2% | 22.0% | ||
| Q2 24 | -6.3% | -2.4% | ||
| Q1 24 | 12.7% | -68.3% |
| Q4 25 | $0.02 | $0.49 | ||
| Q3 25 | $-0.15 | $0.07 | ||
| Q2 25 | $-0.01 | $0.04 | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $-0.08 | $0.40 | ||
| Q3 24 | $-0.10 | $0.15 | ||
| Q2 24 | $-0.06 | $-0.01 | ||
| Q1 24 | $0.10 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.4M | $75.2M |
| Total DebtLower is stronger | $56.0M | — |
| Stockholders' EquityBook value | $87.7M | $206.2M |
| Total Assets | $187.3M | $231.5M |
| Debt / EquityLower = less leverage | 0.64× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.4M | $75.2M | ||
| Q3 25 | $5.4M | $70.4M | ||
| Q2 25 | $8.2M | $79.5M | ||
| Q1 25 | $5.6M | — | ||
| Q4 24 | $8.2M | $78.0M | ||
| Q3 24 | $6.0M | $118.6M | ||
| Q2 24 | $9.9M | $101.0M | ||
| Q1 24 | $11.0M | $117.4M |
| Q4 25 | $56.0M | — | ||
| Q3 25 | $56.9M | — | ||
| Q2 25 | $57.7M | — | ||
| Q1 25 | $68.5M | — | ||
| Q4 24 | $69.7M | — | ||
| Q3 24 | $70.1M | — | ||
| Q2 24 | $70.7M | — | ||
| Q1 24 | $71.2M | — |
| Q4 25 | $87.7M | $206.2M | ||
| Q3 25 | $82.1M | $180.8M | ||
| Q2 25 | $91.2M | $185.2M | ||
| Q1 25 | $77.3M | — | ||
| Q4 24 | $78.2M | $210.0M | ||
| Q3 24 | $82.5M | $233.9M | ||
| Q2 24 | $85.0M | $218.5M | ||
| Q1 24 | $83.5M | $216.0M |
| Q4 25 | $187.3M | $231.5M | ||
| Q3 25 | $185.9M | $209.6M | ||
| Q2 25 | $198.4M | $212.3M | ||
| Q1 25 | $203.3M | — | ||
| Q4 24 | $212.8M | $242.8M | ||
| Q3 24 | $208.2M | $262.7M | ||
| Q2 24 | $210.1M | $249.0M | ||
| Q1 24 | $202.7M | $244.3M |
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.89× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.83× | — | ||
| Q1 24 | 0.85× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.5M | $7.1M |
| Free Cash FlowOCF − Capex | $-2.6M | $6.4M |
| FCF MarginFCF / Revenue | -7.7% | 9.6% |
| Capex IntensityCapex / Revenue | 0.2% | 1.0% |
| Cash ConversionOCF / Net Profit | -1.97× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $692.0K | $15.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.5M | $7.1M | ||
| Q3 25 | $-225.0K | $-3.1M | ||
| Q2 25 | $5.0M | $4.1M | ||
| Q1 25 | $868.0K | — | ||
| Q4 24 | $2.7M | $9.0M | ||
| Q3 24 | $1.8M | $-3.0M | ||
| Q2 24 | $3.4M | $8.1M | ||
| Q1 24 | $3.4M | $6.5M |
| Q4 25 | $-2.6M | $6.4M | ||
| Q3 25 | $-405.0K | $-3.5M | ||
| Q2 25 | $4.7M | $4.0M | ||
| Q1 25 | $-1.0M | — | ||
| Q4 24 | $-815.0K | $8.9M | ||
| Q3 24 | $-3.1M | $-3.2M | ||
| Q2 24 | $-576.0K | $7.9M | ||
| Q1 24 | $1.8M | $5.7M |
| Q4 25 | -7.7% | 9.6% | ||
| Q3 25 | -1.2% | -10.9% | ||
| Q2 25 | 10.7% | 14.3% | ||
| Q1 25 | -2.6% | — | ||
| Q4 24 | -2.1% | 13.2% | ||
| Q3 24 | -7.2% | -8.2% | ||
| Q2 24 | -1.1% | 28.9% | ||
| Q1 24 | 3.8% | 46.9% |
| Q4 25 | 0.2% | 1.0% | ||
| Q3 25 | 0.5% | 1.1% | ||
| Q2 25 | 0.6% | 0.5% | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | 9.0% | 0.2% | ||
| Q3 24 | 11.5% | 0.4% | ||
| Q2 24 | 7.9% | 0.7% | ||
| Q1 24 | 3.3% | 6.8% |
| Q4 25 | -1.97× | 0.26× | ||
| Q3 25 | — | -0.81× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | -0.35× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIRS
Segment breakdown not available.
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
