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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and Primis Financial Corp. (FRST). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $45.6M, roughly 1.5× Primis Financial Corp.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 16.0%, a 24.2% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
ERII vs FRST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $45.6M |
| Net Profit | $26.9M | $7.3M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | — |
| Net Margin | 40.2% | 16.0% |
| Revenue YoY | -0.3% | — |
| Net Profit YoY | 14.7% | 200.0% |
| EPS (diluted) | $0.49 | $0.30 |
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 | — | $45.6M | ||
| Q4 25 | $66.9M | $80.9M | ||
| Q3 25 | $32.0M | $41.0M | ||
| Q2 25 | $28.1M | $43.2M | ||
| Q1 25 | — | $58.7M | ||
| Q4 24 | $67.1M | $38.8M | ||
| Q3 24 | $38.6M | $37.3M | ||
| Q2 24 | $27.2M | $35.7M |
| Q1 26 | — | $7.3M | ||
| Q4 25 | $26.9M | $29.5M | ||
| Q3 25 | $3.9M | $6.8M | ||
| Q2 25 | $2.1M | $2.4M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | $23.5M | $-26.2M | ||
| Q3 24 | $8.5M | $1.2M | ||
| Q2 24 | $-642.0K | $3.4M |
| 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% | 44.8% | ||
| Q3 25 | 11.4% | 21.3% | ||
| Q2 25 | 5.3% | 6.9% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | 38.2% | -123.0% | ||
| Q3 24 | 18.3% | -3.1% | ||
| Q2 24 | -7.4% | 7.8% |
| Q1 26 | — | 16.0% | ||
| Q4 25 | 40.2% | 36.5% | ||
| Q3 25 | 12.1% | 16.7% | ||
| Q2 25 | 7.3% | 5.6% | ||
| Q1 25 | — | 38.6% | ||
| Q4 24 | 35.0% | -100.3% | ||
| Q3 24 | 22.0% | 3.3% | ||
| Q2 24 | -2.4% | 9.6% |
| Q1 26 | — | $0.30 | ||
| Q4 25 | $0.49 | $1.19 | ||
| Q3 25 | $0.07 | $0.28 | ||
| Q2 25 | $0.04 | $0.10 | ||
| Q1 25 | — | $0.92 | ||
| Q4 24 | $0.40 | $-0.95 | ||
| Q3 24 | $0.15 | $0.05 | ||
| Q2 24 | $-0.01 | $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 | $75.2M | $159.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $427.2M |
| Total Assets | $231.5M | $4.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.9M | ||
| Q4 25 | $75.2M | $143.6M | ||
| Q3 25 | $70.4M | $63.9M | ||
| Q2 25 | $79.5M | $94.1M | ||
| Q1 25 | — | $57.0M | ||
| Q4 24 | $78.0M | $64.5M | ||
| Q3 24 | $118.6M | $77.3M | ||
| Q2 24 | $101.0M | $66.6M |
| Q1 26 | — | $427.2M | ||
| Q4 25 | $206.2M | $422.9M | ||
| Q3 25 | $180.8M | $382.2M | ||
| Q2 25 | $185.2M | $376.4M | ||
| Q1 25 | — | $375.6M | ||
| Q4 24 | $210.0M | $351.8M | ||
| Q3 24 | $233.9M | $381.0M | ||
| Q2 24 | $218.5M | $376.0M |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $231.5M | $4.0B | ||
| Q3 25 | $209.6M | $4.0B | ||
| Q2 25 | $212.3M | $3.9B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $242.8M | $3.7B | ||
| Q3 24 | $262.7M | $4.0B | ||
| Q2 24 | $249.0M | $4.0B |
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 | $10.8M | ||
| Q3 25 | $-3.1M | $-11.4M | ||
| Q2 25 | $4.1M | $-41.0M | ||
| Q1 25 | — | $34.4M | ||
| Q4 24 | $9.0M | $19.5M | ||
| Q3 24 | $-3.0M | $6.1M | ||
| Q2 24 | $8.1M | $52.3M |
| Q1 26 | — | — | ||
| Q4 25 | $6.4M | $9.0M | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9M | $18.3M | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $7.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.6% | 11.2% | ||
| Q3 25 | -10.9% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.2% | 47.3% | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 28.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 2.1% | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | 3.1% | ||
| Q3 24 | 0.4% | 0.0% | ||
| Q2 24 | 0.7% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 0.36× | ||
| Q3 25 | -0.81× | -1.67× | ||
| Q2 25 | 2.02× | -16.82× | ||
| Q1 25 | — | 1.52× | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 4.93× | ||
| Q2 24 | — | 15.21× |
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% |
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
