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Side-by-side financial comparison of Better Home & Finance Holding Co (BETR) 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 $44.3M, roughly 1.5× Better Home & Finance Holding Co). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -3349.0%, a 3389.2% gap on every dollar of revenue. On growth, Better Home & Finance Holding Co posted the faster year-over-year revenue change (77.4% vs -0.3%). Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M vs $-167.8M). Over the past eight quarters, Better Home & Finance Holding Co's revenue compounded faster (41.1% CAGR vs 8.1%).
Bajaj Finance Limited (BFL) is an Indian deposit-taking non-banking financial company (NBFC-UL) headquartered in Pune. It has 110.64 million customers and holds assets under management worth ₹462,250 crore (US$55 billion), as of September 2025.
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
BETR vs ERII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.3M | $66.9M |
| Net Profit | $-39.9M | $26.9M |
| Gross Margin | — | 67.2% |
| Operating Margin | -3376.8% | 46.8% |
| Net Margin | -3349.0% | 40.2% |
| Revenue YoY | 77.4% | -0.3% |
| Net Profit YoY | 32.6% | 14.7% |
| EPS (diluted) | $-2.52 | $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 | $44.3M | $66.9M | ||
| Q3 25 | $43.9M | $32.0M | ||
| Q2 25 | $44.1M | $28.1M | ||
| Q1 25 | $32.6M | — | ||
| Q4 24 | $25.0M | $67.1M | ||
| Q3 24 | $29.0M | $38.6M | ||
| Q2 24 | $32.3M | $27.2M | ||
| Q1 24 | $22.3M | $12.1M |
| Q4 25 | $-39.9M | $26.9M | ||
| Q3 25 | $-39.1M | $3.9M | ||
| Q2 25 | $-36.3M | $2.1M | ||
| Q1 25 | $-50.6M | — | ||
| Q4 24 | $-59.2M | $23.5M | ||
| Q3 24 | $-54.2M | $8.5M | ||
| Q2 24 | $-41.4M | $-642.0K | ||
| Q1 24 | $-51.5M | $-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 | -3376.8% | 46.8% | ||
| Q3 25 | -88.9% | 11.4% | ||
| Q2 25 | -81.9% | 5.3% | ||
| Q1 25 | -154.9% | — | ||
| Q4 24 | -1428.3% | 38.2% | ||
| Q3 24 | -186.5% | 18.3% | ||
| Q2 24 | -127.6% | -7.4% | ||
| Q1 24 | -230.8% | -90.4% |
| Q4 25 | -3349.0% | 40.2% | ||
| Q3 25 | -89.2% | 12.1% | ||
| Q2 25 | -82.2% | 7.3% | ||
| Q1 25 | -155.3% | — | ||
| Q4 24 | -1437.5% | 35.0% | ||
| Q3 24 | -187.0% | 22.0% | ||
| Q2 24 | -128.2% | -2.4% | ||
| Q1 24 | -231.4% | -68.3% |
| Q4 25 | $-2.52 | $0.49 | ||
| Q3 25 | $-2.56 | $0.07 | ||
| Q2 25 | $-2.39 | $0.04 | ||
| Q1 25 | $-3.33 | — | ||
| Q4 24 | $-3.92 | $0.40 | ||
| Q3 24 | $-3.58 | $0.15 | ||
| Q2 24 | $-2.74 | $-0.01 | ||
| Q1 24 | $-3.41 | $-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 | $203.4M | $75.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $37.2M | $206.2M |
| Total Assets | $1.5B | $231.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.4M | $75.2M | ||
| Q3 25 | $205.8M | $70.4M | ||
| Q2 25 | $221.5M | $79.5M | ||
| Q1 25 | $228.0M | — | ||
| Q4 24 | $264.9M | $78.0M | ||
| Q3 24 | $262.1M | $118.6M | ||
| Q2 24 | $378.8M | $101.0M | ||
| Q1 24 | $482.6M | $117.4M |
| Q4 25 | $37.2M | $206.2M | ||
| Q3 25 | $41.9M | $180.8M | ||
| Q2 25 | $76.6M | $185.2M | ||
| Q1 25 | $-102.1M | — | ||
| Q4 24 | $-58.2M | $210.0M | ||
| Q3 24 | $388.0K | $233.9M | ||
| Q2 24 | $44.9M | $218.5M | ||
| Q1 24 | $76.3M | $216.0M |
| Q4 25 | $1.5B | $231.5M | ||
| Q3 25 | $1.4B | $209.6M | ||
| Q2 25 | $1.2B | $212.3M | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $913.1M | $242.8M | ||
| Q3 24 | $845.2M | $262.7M | ||
| Q2 24 | $957.9M | $249.0M | ||
| Q1 24 | $841.6M | $244.3M |
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 | $-166.6M | $7.1M |
| Free Cash FlowOCF − Capex | $-167.8M | $6.4M |
| FCF MarginFCF / Revenue | -378.6% | 9.6% |
| Capex IntensityCapex / Revenue | 2.7% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $-277.9M | $15.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-166.6M | $7.1M | ||
| Q3 25 | $4.2M | $-3.1M | ||
| Q2 25 | $-56.3M | $4.1M | ||
| Q1 25 | $-57.2M | — | ||
| Q4 24 | $-380.0M | $9.0M | ||
| Q3 24 | $-10.6M | $-3.0M | ||
| Q2 24 | $-220.6M | $8.1M | ||
| Q1 24 | $-42.8M | $6.5M |
| Q4 25 | $-167.8M | $6.4M | ||
| Q3 25 | $4.0M | $-3.5M | ||
| Q2 25 | $-56.7M | $4.0M | ||
| Q1 25 | $-57.4M | — | ||
| Q4 24 | $-383.4M | $8.9M | ||
| Q3 24 | $-11.7M | $-3.2M | ||
| Q2 24 | $-221.8M | $7.9M | ||
| Q1 24 | $-43.3M | $5.7M |
| Q4 25 | -378.6% | 9.6% | ||
| Q3 25 | 9.1% | -10.9% | ||
| Q2 25 | -128.5% | 14.3% | ||
| Q1 25 | -176.3% | — | ||
| Q4 24 | -1534.6% | 13.2% | ||
| Q3 24 | -40.5% | -8.2% | ||
| Q2 24 | -687.6% | 28.9% | ||
| Q1 24 | -194.5% | 46.9% |
| Q4 25 | 2.7% | 1.0% | ||
| Q3 25 | 0.5% | 1.1% | ||
| Q2 25 | 0.9% | 0.5% | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 13.6% | 0.2% | ||
| Q3 24 | 4.1% | 0.4% | ||
| Q2 24 | 3.9% | 0.7% | ||
| Q1 24 | 2.1% | 6.8% |
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | -0.81× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | -0.35× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BETR
Segment breakdown not available.
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
