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Side-by-side financial comparison of CAMDEN NATIONAL CORP (CAC) 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 $64.3M, roughly 1.0× CAMDEN NATIONAL CORP). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 34.0%, a 6.2% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs 8.1%).
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
CAC vs ERII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.3M | $66.9M |
| Net Profit | $21.9M | $26.9M |
| Gross Margin | — | 67.2% |
| Operating Margin | — | 46.8% |
| Net Margin | 34.0% | 40.2% |
| Revenue YoY | — | -0.3% |
| Net Profit YoY | — | 14.7% |
| EPS (diluted) | $1.29 | $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.
| Q1 26 | $64.3M | — | ||
| Q4 25 | $68.1M | $66.9M | ||
| Q3 25 | $65.4M | $32.0M | ||
| Q2 25 | $62.3M | $28.1M | ||
| Q1 25 | $60.1M | — | ||
| Q4 24 | $47.6M | $67.1M | ||
| Q3 24 | $45.0M | $38.6M | ||
| Q2 24 | $42.8M | $27.2M |
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $26.9M | ||
| Q3 25 | $21.2M | $3.9M | ||
| Q2 25 | $14.1M | $2.1M | ||
| Q1 25 | $7.3M | — | ||
| Q4 24 | $14.7M | $23.5M | ||
| Q3 24 | $13.1M | $8.5M | ||
| Q2 24 | $12.0M | $-642.0K |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 41.5% | 46.8% | ||
| Q3 25 | 40.5% | 11.4% | ||
| Q2 25 | 28.5% | 5.3% | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 38.7% | 38.2% | ||
| Q3 24 | 35.2% | 18.3% | ||
| Q2 24 | 34.7% | -7.4% |
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | 40.2% | ||
| Q3 25 | 32.4% | 12.1% | ||
| Q2 25 | 22.6% | 7.3% | ||
| Q1 25 | 12.2% | — | ||
| Q4 24 | 30.8% | 35.0% | ||
| Q3 24 | 29.1% | 22.0% | ||
| Q2 24 | 28.0% | -2.4% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | $0.49 | ||
| Q3 25 | $1.25 | $0.07 | ||
| Q2 25 | $0.83 | $0.04 | ||
| Q1 25 | $0.43 | — | ||
| Q4 24 | $1.00 | $0.40 | ||
| Q3 24 | $0.90 | $0.15 | ||
| Q2 24 | $0.81 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $75.2M |
| Total DebtLower is stronger | $514.4M | — |
| Stockholders' EquityBook value | $710.0M | $206.2M |
| Total Assets | $7.0B | $231.5M |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $75.2M | ||
| Q3 25 | — | $70.4M | ||
| Q2 25 | — | $79.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $78.0M | ||
| Q3 24 | — | $118.6M | ||
| Q2 24 | — | $101.0M |
| Q1 26 | $514.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $710.0M | — | ||
| Q4 25 | $696.6M | $206.2M | ||
| Q3 25 | $676.4M | $180.8M | ||
| Q2 25 | $652.1M | $185.2M | ||
| Q1 25 | $640.1M | — | ||
| Q4 24 | $531.2M | $210.0M | ||
| Q3 24 | $529.9M | $233.9M | ||
| Q2 24 | $508.3M | $218.5M |
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $231.5M | ||
| Q3 25 | $7.0B | $209.6M | ||
| Q2 25 | $6.9B | $212.3M | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $5.8B | $242.8M | ||
| Q3 24 | $5.7B | $262.7M | ||
| Q2 24 | $5.7B | $249.0M |
| Q1 26 | 0.72× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $7.1M |
| Free Cash FlowOCF − Capex | — | $6.4M |
| FCF MarginFCF / Revenue | — | 9.6% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $15.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $7.1M | ||
| Q3 25 | $36.1M | $-3.1M | ||
| Q2 25 | $6.0M | $4.1M | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $60.9M | $9.0M | ||
| Q3 24 | $-14.5M | $-3.0M | ||
| Q2 24 | $14.5M | $8.1M |
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | $6.4M | ||
| Q3 25 | $35.4M | $-3.5M | ||
| Q2 25 | $4.5M | $4.0M | ||
| Q1 25 | $-727.0K | — | ||
| Q4 24 | $55.4M | $8.9M | ||
| Q3 24 | $-16.2M | $-3.2M | ||
| Q2 24 | $13.2M | $7.9M |
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | 9.6% | ||
| Q3 25 | 54.1% | -10.9% | ||
| Q2 25 | 7.3% | 14.3% | ||
| Q1 25 | -1.2% | — | ||
| Q4 24 | 116.4% | 13.2% | ||
| Q3 24 | -36.0% | -8.2% | ||
| Q2 24 | 30.8% | 28.9% |
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | 1.0% | ||
| Q3 25 | 1.1% | 1.1% | ||
| Q2 25 | 2.4% | 0.5% | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 11.7% | 0.2% | ||
| Q3 24 | 3.8% | 0.4% | ||
| Q2 24 | 3.0% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | 0.26× | ||
| Q3 25 | 1.70× | -0.81× | ||
| Q2 25 | 0.43× | 2.02× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.15× | 0.38× | ||
| Q3 24 | -1.11× | -0.35× | ||
| Q2 24 | 1.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
