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Side-by-side financial comparison of Cytek Biosciences, Inc. (CTKB) 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 $62.1M, roughly 1.1× Cytek Biosciences, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -70.9%, a 111.2% gap on every dollar of revenue. On growth, Cytek Biosciences, Inc. posted the faster year-over-year revenue change (8.1% vs -0.3%). Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M vs $-1.8M). Over the past eight quarters, Cytek Biosciences, Inc.'s revenue compounded faster (17.7% CAGR vs 8.1%).
Cytek Biosciences, Inc. develops, manufactures and sells high-performance flow cytometry systems, associated reagents and analysis software. Its solutions serve life science research, clinical diagnostics and biopharmaceutical sectors, with a global customer base across North America, Europe and the Asia-Pacific region.
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
CTKB vs ERII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.1M | $66.9M |
| Net Profit | $-44.1M | $26.9M |
| Gross Margin | 52.9% | 67.2% |
| Operating Margin | -9.0% | 46.8% |
| Net Margin | -70.9% | 40.2% |
| Revenue YoY | 8.1% | -0.3% |
| Net Profit YoY | -557.1% | 14.7% |
| EPS (diluted) | — | $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 | $62.1M | $66.9M | ||
| Q3 25 | $52.3M | $32.0M | ||
| Q2 25 | $45.6M | $28.1M | ||
| Q1 25 | $41.5M | — | ||
| Q4 24 | $57.5M | $67.1M | ||
| Q3 24 | $51.5M | $38.6M | ||
| Q2 24 | $46.6M | $27.2M | ||
| Q1 24 | $44.9M | $12.1M |
| Q4 25 | $-44.1M | $26.9M | ||
| Q3 25 | $-5.5M | $3.9M | ||
| Q2 25 | $-5.6M | $2.1M | ||
| Q1 25 | $-11.4M | — | ||
| Q4 24 | $9.6M | $23.5M | ||
| Q3 24 | $941.0K | $8.5M | ||
| Q2 24 | $-10.4M | $-642.0K | ||
| Q1 24 | $-6.2M | $-8.3M |
| Q4 25 | 52.9% | 67.2% | ||
| Q3 25 | 52.7% | 64.2% | ||
| Q2 25 | 52.3% | 64.0% | ||
| Q1 25 | 48.6% | — | ||
| Q4 24 | 58.5% | 70.2% | ||
| Q3 24 | 56.3% | 65.1% | ||
| Q2 24 | 54.6% | 64.6% | ||
| Q1 24 | 51.3% | 59.0% |
| Q4 25 | -9.0% | 46.8% | ||
| Q3 25 | -17.6% | 11.4% | ||
| Q2 25 | -23.3% | 5.3% | ||
| Q1 25 | -36.1% | — | ||
| Q4 24 | 5.2% | 38.2% | ||
| Q3 24 | -8.2% | 18.3% | ||
| Q2 24 | -18.3% | -7.4% | ||
| Q1 24 | -23.9% | -90.4% |
| Q4 25 | -70.9% | 40.2% | ||
| Q3 25 | -10.5% | 12.1% | ||
| Q2 25 | -12.2% | 7.3% | ||
| Q1 25 | -27.5% | — | ||
| Q4 24 | 16.8% | 35.0% | ||
| Q3 24 | 1.8% | 22.0% | ||
| Q2 24 | -22.4% | -2.4% | ||
| Q1 24 | -13.8% | -68.3% |
| Q4 25 | — | $0.49 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.04 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $0.15 | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | $-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 | $90.9M | $75.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $341.7M | $206.2M |
| Total Assets | $461.5M | $231.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $90.9M | $75.2M | ||
| Q3 25 | $93.3M | $70.4M | ||
| Q2 25 | $75.5M | $79.5M | ||
| Q1 25 | $95.3M | — | ||
| Q4 24 | $98.7M | $78.0M | ||
| Q3 24 | $162.3M | $118.6M | ||
| Q2 24 | $177.9M | $101.0M | ||
| Q1 24 | $168.8M | $117.4M |
| Q4 25 | $341.7M | $206.2M | ||
| Q3 25 | $378.6M | $180.8M | ||
| Q2 25 | $377.6M | $185.2M | ||
| Q1 25 | $379.6M | — | ||
| Q4 24 | $395.7M | $210.0M | ||
| Q3 24 | $385.5M | $233.9M | ||
| Q2 24 | $389.1M | $218.5M | ||
| Q1 24 | $392.6M | $216.0M |
| Q4 25 | $461.5M | $231.5M | ||
| Q3 25 | $494.9M | $209.6M | ||
| Q2 25 | $493.3M | $212.3M | ||
| Q1 25 | $482.6M | — | ||
| Q4 24 | $499.5M | $242.8M | ||
| Q3 24 | $491.2M | $262.7M | ||
| Q2 24 | $483.7M | $249.0M | ||
| Q1 24 | $492.1M | $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 | $-771.0K | $7.1M |
| Free Cash FlowOCF − Capex | $-1.8M | $6.4M |
| FCF MarginFCF / Revenue | -2.9% | 9.6% |
| Capex IntensityCapex / Revenue | 1.6% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $-8.8M | $15.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-771.0K | $7.1M | ||
| Q3 25 | $-3.9M | $-3.1M | ||
| Q2 25 | $108.0K | $4.1M | ||
| Q1 25 | $-125.0K | — | ||
| Q4 24 | $2.0M | $9.0M | ||
| Q3 24 | $13.2M | $-3.0M | ||
| Q2 24 | $6.2M | $8.1M | ||
| Q1 24 | $4.0M | $6.5M |
| Q4 25 | $-1.8M | $6.4M | ||
| Q3 25 | $-4.6M | $-3.5M | ||
| Q2 25 | $-1.5M | $4.0M | ||
| Q1 25 | $-974.0K | — | ||
| Q4 24 | $1.1M | $8.9M | ||
| Q3 24 | $12.2M | $-3.2M | ||
| Q2 24 | $5.2M | $7.9M | ||
| Q1 24 | $3.4M | $5.7M |
| Q4 25 | -2.9% | 9.6% | ||
| Q3 25 | -8.7% | -10.9% | ||
| Q2 25 | -3.2% | 14.3% | ||
| Q1 25 | -2.3% | — | ||
| Q4 24 | 1.9% | 13.2% | ||
| Q3 24 | 23.7% | -8.2% | ||
| Q2 24 | 11.0% | 28.9% | ||
| Q1 24 | 7.6% | 46.9% |
| Q4 25 | 1.6% | 1.0% | ||
| Q3 25 | 1.3% | 1.1% | ||
| Q2 25 | 3.5% | 0.5% | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 2.0% | 0.4% | ||
| Q2 24 | 2.3% | 0.7% | ||
| Q1 24 | 1.3% | 6.8% |
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | -0.81× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | 0.38× | ||
| Q3 24 | 14.05× | -0.35× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTKB
| Products | $46.6M | 75% |
| Services | $15.5M | 25% |
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
