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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and FARMERS NATIONAL BANC CORP (FMNB). Click either name above to swap in a different company.
FARMERS NATIONAL BANC CORP is the larger business by last-quarter revenue ($71.5M vs $66.9M, roughly 1.1× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 20.5%, a 19.8% gap on every dollar of revenue. On growth, FARMERS NATIONAL BANC CORP posted the faster year-over-year revenue change (3.2% vs -0.3%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $6.4M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs 6.2%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.
ERII vs FMNB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $71.5M |
| Net Profit | $26.9M | $14.6M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | 24.8% |
| Net Margin | 40.2% | 20.5% |
| Revenue YoY | -0.3% | 3.2% |
| Net Profit YoY | 14.7% | 1.7% |
| EPS (diluted) | $0.49 | $0.39 |
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 | $66.9M | $71.5M | ||
| Q3 25 | $32.0M | $70.8M | ||
| Q2 25 | $28.1M | $69.8M | ||
| Q1 25 | — | $67.8M | ||
| Q4 24 | $67.1M | $69.3M | ||
| Q3 24 | $38.6M | $70.3M | ||
| Q2 24 | $27.2M | $66.5M | ||
| Q1 24 | $12.1M | $63.4M |
| Q4 25 | $26.9M | $14.6M | ||
| Q3 25 | $3.9M | $12.5M | ||
| Q2 25 | $2.1M | $13.9M | ||
| Q1 25 | — | $13.6M | ||
| Q4 24 | $23.5M | $14.4M | ||
| Q3 24 | $8.5M | $8.5M | ||
| Q2 24 | $-642.0K | $11.8M | ||
| Q1 24 | $-8.3M | $11.2M |
| 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 24 | 59.0% | — |
| Q4 25 | 46.8% | 24.8% | ||
| Q3 25 | 11.4% | 20.7% | ||
| Q2 25 | 5.3% | 23.4% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | 38.2% | 25.5% | ||
| Q3 24 | 18.3% | 14.4% | ||
| Q2 24 | -7.4% | 21.3% | ||
| Q1 24 | -90.4% | 21.2% |
| Q4 25 | 40.2% | 20.5% | ||
| Q3 25 | 12.1% | 17.6% | ||
| Q2 25 | 7.3% | 19.9% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | 35.0% | 20.8% | ||
| Q3 24 | 22.0% | 12.1% | ||
| Q2 24 | -2.4% | 17.7% | ||
| Q1 24 | -68.3% | 17.7% |
| Q4 25 | $0.49 | $0.39 | ||
| Q3 25 | $0.07 | $0.33 | ||
| Q2 25 | $0.04 | $0.37 | ||
| Q1 25 | — | $0.36 | ||
| Q4 24 | $0.40 | $0.38 | ||
| Q3 24 | $0.15 | $0.23 | ||
| Q2 24 | $-0.01 | $0.31 | ||
| Q1 24 | $-0.14 | $0.30 |
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 | — | $86.7M |
| Stockholders' EquityBook value | $206.2M | $485.7M |
| Total Assets | $231.5M | $5.2B |
| Debt / EquityLower = less leverage | — | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $117.4M | — |
| Q4 25 | — | $86.7M | ||
| Q3 25 | — | $86.6M | ||
| Q2 25 | — | $86.4M | ||
| Q1 25 | — | $86.3M | ||
| Q4 24 | — | $86.2M | ||
| Q3 24 | — | $86.0M | ||
| Q2 24 | — | $88.9M | ||
| Q1 24 | — | $88.8M |
| Q4 25 | $206.2M | $485.7M | ||
| Q3 25 | $180.8M | $465.9M | ||
| Q2 25 | $185.2M | $437.7M | ||
| Q1 25 | — | $429.1M | ||
| Q4 24 | $210.0M | $406.0M | ||
| Q3 24 | $233.9M | $439.7M | ||
| Q2 24 | $218.5M | $396.7M | ||
| Q1 24 | $216.0M | $397.0M |
| Q4 25 | $231.5M | $5.2B | ||
| Q3 25 | $209.6M | $5.2B | ||
| Q2 25 | $212.3M | $5.2B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | $242.8M | $5.1B | ||
| Q3 24 | $262.7M | $5.2B | ||
| Q2 24 | $249.0M | $5.2B | ||
| Q1 24 | $244.3M | $5.1B |
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.22× |
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 | $60.0M |
| Free Cash FlowOCF − Capex | $6.4M | $52.2M |
| FCF MarginFCF / Revenue | 9.6% | 73.0% |
| Capex IntensityCapex / Revenue | 1.0% | 11.0% |
| Cash ConversionOCF / Net Profit | 0.26× | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $85.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $60.0M | ||
| Q3 25 | $-3.1M | $10.7M | ||
| Q2 25 | $4.1M | $14.0M | ||
| Q1 25 | — | $15.7M | ||
| Q4 24 | $9.0M | $66.6M | ||
| Q3 24 | $-3.0M | $23.9M | ||
| Q2 24 | $8.1M | $16.6M | ||
| Q1 24 | $6.5M | $13.7M |
| Q4 25 | $6.4M | $52.2M | ||
| Q3 25 | $-3.5M | $9.0M | ||
| Q2 25 | $4.0M | $12.4M | ||
| Q1 25 | — | $12.2M | ||
| Q4 24 | $8.9M | $54.9M | ||
| Q3 24 | $-3.2M | $20.4M | ||
| Q2 24 | $7.9M | $14.4M | ||
| Q1 24 | $5.7M | $12.2M |
| Q4 25 | 9.6% | 73.0% | ||
| Q3 25 | -10.9% | 12.8% | ||
| Q2 25 | 14.3% | 17.8% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | 13.2% | 79.2% | ||
| Q3 24 | -8.2% | 29.1% | ||
| Q2 24 | 28.9% | 21.6% | ||
| Q1 24 | 46.9% | 19.2% |
| Q4 25 | 1.0% | 11.0% | ||
| Q3 25 | 1.1% | 2.4% | ||
| Q2 25 | 0.5% | 2.3% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | 0.2% | 16.9% | ||
| Q3 24 | 0.4% | 4.9% | ||
| Q2 24 | 0.7% | 3.3% | ||
| Q1 24 | 6.8% | 2.4% |
| Q4 25 | 0.26× | 4.10× | ||
| Q3 25 | -0.81× | 0.86× | ||
| Q2 25 | 2.02× | 1.01× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | 0.38× | 4.63× | ||
| Q3 24 | -0.35× | 2.80× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | 1.22× |
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% |
FMNB
Segment breakdown not available.
