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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and FIRSTSUN CAPITAL BANCORP (FSUN). Click either name above to swap in a different company.
FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $66.9M, roughly 1.6× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 19.6%, a 20.6% gap on every dollar of revenue. Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs 6.9%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.
ERII vs FSUN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $110.0M |
| Net Profit | $26.9M | $21.6M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | — |
| Net Margin | 40.2% | 19.6% |
| Revenue YoY | -0.3% | — |
| Net Profit YoY | 14.7% | -8.4% |
| EPS (diluted) | $0.49 | $0.76 |
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 | — | $110.0M | ||
| Q4 25 | $66.9M | $110.2M | ||
| Q3 25 | $32.0M | $107.3M | ||
| Q2 25 | $28.1M | $105.6M | ||
| Q1 25 | — | $96.2M | ||
| Q4 24 | $67.1M | $98.7M | ||
| Q3 24 | $38.6M | $98.2M | ||
| Q2 24 | $27.2M | $96.2M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $26.9M | $24.8M | ||
| Q3 25 | $3.9M | $23.2M | ||
| Q2 25 | $2.1M | $26.4M | ||
| Q1 25 | — | $23.6M | ||
| Q4 24 | $23.5M | $16.4M | ||
| Q3 24 | $8.5M | $22.4M | ||
| Q2 24 | $-642.0K | $24.6M |
| 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% | 29.0% | ||
| Q3 25 | 11.4% | 26.4% | ||
| Q2 25 | 5.3% | 31.2% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | 38.2% | 20.4% | ||
| Q3 24 | 18.3% | 29.1% | ||
| Q2 24 | -7.4% | 32.3% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | 40.2% | 22.5% | ||
| Q3 25 | 12.1% | 21.6% | ||
| Q2 25 | 7.3% | 25.0% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | 35.0% | 16.6% | ||
| Q3 24 | 22.0% | 22.8% | ||
| Q2 24 | -2.4% | 25.5% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.49 | $0.89 | ||
| Q3 25 | $0.07 | $0.82 | ||
| Q2 25 | $0.04 | $0.93 | ||
| Q1 25 | — | $0.83 | ||
| Q4 24 | $0.40 | $0.57 | ||
| Q3 24 | $0.15 | $0.79 | ||
| Q2 24 | $-0.01 | $0.88 |
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 | $413.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $1.2B |
| Total Assets | $231.5M | $8.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $413.7M | ||
| Q4 25 | $75.2M | $652.6M | ||
| Q3 25 | $70.4M | $659.9M | ||
| Q2 25 | $79.5M | $785.1M | ||
| Q1 25 | — | $621.4M | ||
| Q4 24 | $78.0M | $615.9M | ||
| Q3 24 | $118.6M | $573.7M | ||
| Q2 24 | $101.0M | $535.8M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $206.2M | $1.2B | ||
| Q3 25 | $180.8M | $1.1B | ||
| Q2 25 | $185.2M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $210.0M | $1.0B | ||
| Q3 24 | $233.9M | $1.0B | ||
| Q2 24 | $218.5M | $996.6M |
| Q1 26 | — | $8.6B | ||
| Q4 25 | $231.5M | $8.5B | ||
| Q3 25 | $209.6M | $8.5B | ||
| Q2 25 | $212.3M | $8.4B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | $242.8M | $8.1B | ||
| Q3 24 | $262.7M | $8.1B | ||
| Q2 24 | $249.0M | $8.0B |
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 | $111.5M | ||
| Q3 25 | $-3.1M | $49.4M | ||
| Q2 25 | $4.1M | $15.0M | ||
| Q1 25 | — | $26.4M | ||
| Q4 24 | $9.0M | $101.1M | ||
| Q3 24 | $-3.0M | $48.1M | ||
| Q2 24 | $8.1M | $20.9M |
| Q1 26 | — | — | ||
| Q4 25 | $6.4M | $104.0M | ||
| Q3 25 | $-3.5M | $47.6M | ||
| Q2 25 | $4.0M | $13.0M | ||
| Q1 25 | — | $24.3M | ||
| Q4 24 | $8.9M | $95.7M | ||
| Q3 24 | $-3.2M | $47.1M | ||
| Q2 24 | $7.9M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | 9.6% | 94.3% | ||
| Q3 25 | -10.9% | 44.4% | ||
| Q2 25 | 14.3% | 12.3% | ||
| Q1 25 | — | 25.3% | ||
| Q4 24 | 13.2% | 97.0% | ||
| Q3 24 | -8.2% | 47.9% | ||
| Q2 24 | 28.9% | 20.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 6.8% | ||
| Q3 25 | 1.1% | 1.6% | ||
| Q2 25 | 0.5% | 1.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 0.2% | 5.5% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.7% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 4.49× | ||
| Q3 25 | -0.81× | 2.13× | ||
| Q2 25 | 2.02× | 0.57× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 0.38× | 6.18× | ||
| Q3 24 | -0.35× | 2.15× | ||
| Q2 24 | — | 0.85× |
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% |
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
