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Side-by-side financial comparison of Elme Communities (ELME) 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× Elme Communities). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -198.9%, a 239.1% gap on every dollar of revenue. On growth, Elme Communities posted the faster year-over-year revenue change (1.7% vs -0.3%). Elme Communities produced more free cash flow last quarter ($7.2M vs $6.4M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs 2.7%).

Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.

Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.

ELME vs ERII — Head-to-Head

Bigger by revenue
ERII
ERII
1.1× larger
ERII
$66.9M
$62.1M
ELME
Growing faster (revenue YoY)
ELME
ELME
+2.0% gap
ELME
1.7%
-0.3%
ERII
Higher net margin
ERII
ERII
239.1% more per $
ERII
40.2%
-198.9%
ELME
More free cash flow
ELME
ELME
$813.0K more FCF
ELME
$7.2M
$6.4M
ERII
Faster 2-yr revenue CAGR
ERII
ERII
Annualised
ERII
8.1%
2.7%
ELME

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELME
ELME
ERII
ERII
Revenue
$62.1M
$66.9M
Net Profit
$-123.5M
$26.9M
Gross Margin
61.1%
67.2%
Operating Margin
-183.3%
46.8%
Net Margin
-198.9%
40.2%
Revenue YoY
1.7%
-0.3%
Net Profit YoY
-4058.7%
14.7%
EPS (diluted)
$-1.40
$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.

Revenue
ELME
ELME
ERII
ERII
Q4 25
$66.9M
Q3 25
$62.1M
$32.0M
Q2 25
$62.1M
$28.1M
Q1 25
$61.5M
Q4 24
$61.3M
$67.1M
Q3 24
$61.1M
$38.6M
Q2 24
$60.1M
$27.2M
Q1 24
$59.5M
$12.1M
Net Profit
ELME
ELME
ERII
ERII
Q4 25
$26.9M
Q3 25
$-123.5M
$3.9M
Q2 25
$-3.6M
$2.1M
Q1 25
$-4.7M
Q4 24
$-3.0M
$23.5M
Q3 24
$-3.0M
$8.5M
Q2 24
$-3.5M
$-642.0K
Q1 24
$-3.6M
$-8.3M
Gross Margin
ELME
ELME
ERII
ERII
Q4 25
67.2%
Q3 25
61.1%
64.2%
Q2 25
63.5%
64.0%
Q1 25
64.2%
Q4 24
62.9%
70.2%
Q3 24
63.5%
65.1%
Q2 24
63.4%
64.6%
Q1 24
63.5%
59.0%
Operating Margin
ELME
ELME
ERII
ERII
Q4 25
46.8%
Q3 25
-183.3%
11.4%
Q2 25
9.6%
5.3%
Q1 25
7.8%
Q4 24
10.4%
38.2%
Q3 24
11.0%
18.3%
Q2 24
9.8%
-7.4%
Q1 24
7.5%
-90.4%
Net Margin
ELME
ELME
ERII
ERII
Q4 25
40.2%
Q3 25
-198.9%
12.1%
Q2 25
-5.7%
7.3%
Q1 25
-7.6%
Q4 24
-4.9%
35.0%
Q3 24
-4.9%
22.0%
Q2 24
-5.8%
-2.4%
Q1 24
-6.1%
-68.3%
EPS (diluted)
ELME
ELME
ERII
ERII
Q4 25
$0.49
Q3 25
$-1.40
$0.07
Q2 25
$-0.04
$0.04
Q1 25
$-0.05
Q4 24
$-0.04
$0.40
Q3 24
$-0.03
$0.15
Q2 24
$-0.04
$-0.01
Q1 24
$-0.04
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ELME
ELME
ERII
ERII
Cash + ST InvestmentsLiquidity on hand
$7.1M
$75.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$908.9M
$206.2M
Total Assets
$1.7B
$231.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELME
ELME
ERII
ERII
Q4 25
$75.2M
Q3 25
$7.1M
$70.4M
Q2 25
$4.8M
$79.5M
Q1 25
$6.4M
Q4 24
$6.1M
$78.0M
Q3 24
$4.8M
$118.6M
Q2 24
$5.6M
$101.0M
Q1 24
$4.2M
$117.4M
Stockholders' Equity
ELME
ELME
ERII
ERII
Q4 25
$206.2M
Q3 25
$908.9M
$180.8M
Q2 25
$1.0B
$185.2M
Q1 25
$1.1B
Q4 24
$1.1B
$210.0M
Q3 24
$1.1B
$233.9M
Q2 24
$1.1B
$218.5M
Q1 24
$1.1B
$216.0M
Total Assets
ELME
ELME
ERII
ERII
Q4 25
$231.5M
Q3 25
$1.7B
$209.6M
Q2 25
$1.8B
$212.3M
Q1 25
$1.8B
Q4 24
$1.8B
$242.8M
Q3 24
$1.9B
$262.7M
Q2 24
$1.9B
$249.0M
Q1 24
$1.9B
$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
ELME
ELME
ERII
ERII
Operating Cash FlowLast quarter
$15.9M
$7.1M
Free Cash FlowOCF − Capex
$7.2M
$6.4M
FCF MarginFCF / Revenue
11.6%
9.6%
Capex IntensityCapex / Revenue
14.0%
1.0%
Cash ConversionOCF / Net Profit
0.26×
TTM Free Cash FlowTrailing 4 quarters
$86.7M
$15.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELME
ELME
ERII
ERII
Q4 25
$7.1M
Q3 25
$15.9M
$-3.1M
Q2 25
$29.8M
$4.1M
Q1 25
$16.2M
Q4 24
$95.2M
$9.0M
Q3 24
$20.7M
$-3.0M
Q2 24
$28.9M
$8.1M
Q1 24
$21.2M
$6.5M
Free Cash Flow
ELME
ELME
ERII
ERII
Q4 25
$6.4M
Q3 25
$7.2M
$-3.5M
Q2 25
$21.1M
$4.0M
Q1 25
$10.5M
Q4 24
$47.9M
$8.9M
Q3 24
$8.8M
$-3.2M
Q2 24
$21.0M
$7.9M
Q1 24
$7.6M
$5.7M
FCF Margin
ELME
ELME
ERII
ERII
Q4 25
9.6%
Q3 25
11.6%
-10.9%
Q2 25
34.1%
14.3%
Q1 25
17.1%
Q4 24
78.1%
13.2%
Q3 24
14.4%
-8.2%
Q2 24
34.9%
28.9%
Q1 24
12.8%
46.9%
Capex Intensity
ELME
ELME
ERII
ERII
Q4 25
1.0%
Q3 25
14.0%
1.1%
Q2 25
14.0%
0.5%
Q1 25
9.2%
Q4 24
77.4%
0.2%
Q3 24
19.4%
0.4%
Q2 24
13.1%
0.7%
Q1 24
22.9%
6.8%
Cash Conversion
ELME
ELME
ERII
ERII
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

ELME
ELME

Residential Segment$57.7M93%
Other$4.4M7%

ERII
ERII

Water Segment$38.6M58%
Other$11.0M16%
Original Equipment Manufacturer$10.6M16%
Aftermarket$6.6M10%

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