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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and FIRST COMMONWEALTH FINANCIAL CORP (FCF). Click either name above to swap in a different company.
FIRST COMMONWEALTH FINANCIAL CORP is the larger business by last-quarter revenue ($133.7M vs $66.9M, roughly 2.0× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 28.1%, a 12.2% gap on every dollar of revenue. On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs -0.3%). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs 5.5%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
ERII vs FCF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $133.7M |
| Net Profit | $26.9M | $37.5M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | — |
| Net Margin | 40.2% | 28.1% |
| Revenue YoY | -0.3% | 13.0% |
| Net Profit YoY | 14.7% | 14.8% |
| EPS (diluted) | $0.49 | $0.37 |
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 | — | $133.7M | ||
| Q4 25 | $66.9M | $137.9M | ||
| Q3 25 | $32.0M | $136.0M | ||
| Q2 25 | $28.1M | $131.0M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | $67.1M | $120.4M | ||
| Q3 24 | $38.6M | $121.2M | ||
| Q2 24 | $27.2M | $120.2M |
| Q1 26 | — | $37.5M | ||
| Q4 25 | $26.9M | $44.9M | ||
| Q3 25 | $3.9M | $41.3M | ||
| Q2 25 | $2.1M | $33.4M | ||
| Q1 25 | — | $32.7M | ||
| Q4 24 | $23.5M | $35.8M | ||
| Q3 24 | $8.5M | $32.1M | ||
| Q2 24 | $-642.0K | $37.1M |
| 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 | 46.8% | 40.9% | ||
| Q3 25 | 11.4% | 38.1% | ||
| Q2 25 | 5.3% | 32.1% | ||
| Q1 25 | — | 34.8% | ||
| Q4 24 | 38.2% | 37.1% | ||
| Q3 24 | 18.3% | 33.4% | ||
| Q2 24 | -7.4% | 38.7% |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 40.2% | 32.5% | ||
| Q3 25 | 12.1% | 30.4% | ||
| Q2 25 | 7.3% | 25.5% | ||
| Q1 25 | — | 27.7% | ||
| Q4 24 | 35.0% | 29.8% | ||
| Q3 24 | 22.0% | 26.5% | ||
| Q2 24 | -2.4% | 30.9% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $0.49 | $0.44 | ||
| Q3 25 | $0.07 | $0.39 | ||
| Q2 25 | $0.04 | $0.32 | ||
| Q1 25 | — | $0.32 | ||
| Q4 24 | $0.40 | $0.35 | ||
| Q3 24 | $0.15 | $0.31 | ||
| Q2 24 | $-0.01 | $0.36 |
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 | — | $154.9M |
| Stockholders' EquityBook value | $206.2M | $1.6B |
| Total Assets | $231.5M | $12.3B |
| Debt / EquityLower = less leverage | — | 0.10× |
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 | — | $154.9M | ||
| Q4 25 | — | $261.7M | ||
| Q3 25 | — | $262.1M | ||
| Q2 25 | — | $262.4M | ||
| Q1 25 | — | $262.7M | ||
| Q4 24 | — | $263.0M | ||
| Q3 24 | — | $136.3M | ||
| Q2 24 | — | $136.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $206.2M | $1.6B | ||
| Q3 25 | $180.8M | $1.5B | ||
| Q2 25 | $185.2M | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $210.0M | $1.4B | ||
| Q3 24 | $233.9M | $1.4B | ||
| Q2 24 | $218.5M | $1.4B |
| Q1 26 | — | $12.3B | ||
| Q4 25 | $231.5M | $12.3B | ||
| Q3 25 | $209.6M | $12.3B | ||
| Q2 25 | $212.3M | $12.2B | ||
| Q1 25 | — | $11.8B | ||
| Q4 24 | $242.8M | $11.6B | ||
| Q3 24 | $262.7M | $12.0B | ||
| Q2 24 | $249.0M | $11.6B |
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.10× |
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 | $7.1M | $187.5M | ||
| Q3 25 | $-3.1M | $49.5M | ||
| Q2 25 | $4.1M | $30.4M | ||
| Q1 25 | — | $55.9M | ||
| Q4 24 | $9.0M | $129.5M | ||
| Q3 24 | $-3.0M | $53.6M | ||
| Q2 24 | $8.1M | $22.7M |
| Q1 26 | — | — | ||
| Q4 25 | $6.4M | $171.5M | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9M | $113.9M | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $7.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.6% | 124.3% | ||
| Q3 25 | -10.9% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.2% | 94.6% | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 28.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 11.7% | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | 12.9% | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 4.18× | ||
| Q3 25 | -0.81× | 1.20× | ||
| Q2 25 | 2.02× | 0.91× | ||
| Q1 25 | — | 1.71× | ||
| Q4 24 | 0.38× | 3.61× | ||
| Q3 24 | -0.35× | 1.67× | ||
| Q2 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
FCF
Segment breakdown not available.
