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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and Four Corners Property Trust, Inc. (FCPT). Click either name above to swap in a different company.
Four Corners Property Trust, Inc. is the larger business by last-quarter revenue ($78.2M vs $66.9M, roughly 1.2× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 38.8%, a 1.4% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -0.3%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Four Corners Property Trust, Inc. is a publicly traded real estate investment trust that acquires, owns, and manages a portfolio of high-quality net-leased commercial properties. Its assets are primarily restaurant and retail locations across the United States, with tenants largely operating in stable consumer-facing industry segments with proven operational performance.
ERII vs FCPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $78.2M |
| Net Profit | $26.9M | $30.4M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | 55.3% |
| Net Margin | 40.2% | 38.8% |
| Revenue YoY | -0.3% | 9.4% |
| Net Profit YoY | 14.7% | 16.0% |
| EPS (diluted) | $0.49 | $0.28 |
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 | — | $78.2M | ||
| Q4 25 | $66.9M | $75.7M | ||
| Q3 25 | $32.0M | $74.1M | ||
| Q2 25 | $28.1M | $72.8M | ||
| Q1 25 | — | $71.5M | ||
| Q4 24 | $67.1M | $68.3M | ||
| Q3 24 | $38.6M | $66.8M | ||
| Q2 24 | $27.2M | $66.5M |
| Q1 26 | — | $30.4M | ||
| Q4 25 | $26.9M | $29.4M | ||
| Q3 25 | $3.9M | $28.8M | ||
| Q2 25 | $2.1M | $27.9M | ||
| Q1 25 | — | $26.2M | ||
| Q4 24 | $23.5M | $26.2M | ||
| Q3 24 | $8.5M | $25.6M | ||
| Q2 24 | $-642.0K | $24.7M |
| 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 | — | 55.3% | ||
| Q4 25 | 46.8% | — | ||
| Q3 25 | 11.4% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.2% | — | ||
| Q3 24 | 18.3% | — | ||
| Q2 24 | -7.4% | — |
| Q1 26 | — | 38.8% | ||
| Q4 25 | 40.2% | 38.9% | ||
| Q3 25 | 12.1% | 38.9% | ||
| Q2 25 | 7.3% | 38.3% | ||
| Q1 25 | — | 36.6% | ||
| Q4 24 | 35.0% | 38.3% | ||
| Q3 24 | 22.0% | 38.3% | ||
| Q2 24 | -2.4% | 37.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.49 | $0.27 | ||
| Q3 25 | $0.07 | $0.28 | ||
| Q2 25 | $0.04 | $0.28 | ||
| Q1 25 | — | $0.26 | ||
| Q4 24 | $0.40 | $0.27 | ||
| Q3 24 | $0.15 | $0.27 | ||
| Q2 24 | $-0.01 | $0.27 |
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 | $29.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $1.7B |
| Total Assets | $231.5M | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.6M | ||
| Q4 25 | $75.2M | $12.1M | ||
| Q3 25 | $70.4M | $6.7M | ||
| Q2 25 | $79.5M | $6.0M | ||
| Q1 25 | — | $22.3M | ||
| Q4 24 | $78.0M | $4.1M | ||
| Q3 24 | $118.6M | $44.5M | ||
| Q2 24 | $101.0M | $17.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | — | $1.7B | ||
| 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 | $1.5B | ||
| Q3 24 | $233.9M | $1.4B | ||
| Q2 24 | $218.5M | $1.3B |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $231.5M | $2.9B | ||
| Q3 25 | $209.6M | $2.8B | ||
| Q2 25 | $212.3M | $2.8B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $242.8M | $2.7B | ||
| Q3 24 | $262.7M | $2.6B | ||
| Q2 24 | $249.0M | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.79× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.92× |
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 | $192.3M | ||
| Q3 25 | $-3.1M | $48.9M | ||
| Q2 25 | $4.1M | $43.8M | ||
| Q1 25 | — | $51.6M | ||
| Q4 24 | $9.0M | $144.1M | ||
| Q3 24 | $-3.0M | $43.4M | ||
| Q2 24 | $8.1M | $39.7M |
| Q1 26 | — | — | ||
| Q4 25 | $6.4M | — | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $7.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.6% | — | ||
| Q3 25 | -10.9% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 28.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 6.53× | ||
| Q3 25 | -0.81× | 1.70× | ||
| Q2 25 | 2.02× | 1.57× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | 0.38× | 5.51× | ||
| Q3 24 | -0.35× | 1.70× | ||
| Q2 24 | — | 1.61× |
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% |
FCPT
| Rental revenue | $69.8M | 89% |
| Restaurant revenue | $8.4M | 11% |
