vs
Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and Grindr Inc. (GRND). Click either name above to swap in a different company.
Grindr Inc. is the larger business by last-quarter revenue ($126.0M vs $66.9M, roughly 1.9× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 16.1%, a 24.2% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs -0.3%). Grindr Inc. produced more free cash flow last quarter ($24.5M vs $6.4M). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Grindr is a location-based social networking and online hookup application for LGBTQ people.
ERII vs GRND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $126.0M |
| Net Profit | $26.9M | $20.3M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | 24.9% |
| Net Margin | 40.2% | 16.1% |
| Revenue YoY | -0.3% | 29.0% |
| Net Profit YoY | 14.7% | 116.4% |
| EPS (diluted) | $0.49 | $0.10 |
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 | $126.0M | ||
| Q3 25 | $32.0M | $115.8M | ||
| Q2 25 | $28.1M | $104.2M | ||
| Q1 25 | — | $93.9M | ||
| Q4 24 | $67.1M | $97.6M | ||
| Q3 24 | $38.6M | $89.3M | ||
| Q2 24 | $27.2M | $82.3M | ||
| Q1 24 | $12.1M | $75.3M |
| Q4 25 | $26.9M | $20.3M | ||
| Q3 25 | $3.9M | $30.8M | ||
| Q2 25 | $2.1M | $16.6M | ||
| Q1 25 | — | $27.0M | ||
| Q4 24 | $23.5M | $-123.9M | ||
| Q3 24 | $8.5M | $24.7M | ||
| Q2 24 | $-642.0K | $-22.4M | ||
| Q1 24 | $-8.3M | $-9.4M |
| 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% | 24.9% | ||
| Q3 25 | 11.4% | 39.1% | ||
| Q2 25 | 5.3% | 23.4% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | 38.2% | 20.9% | ||
| Q3 24 | 18.3% | 31.8% | ||
| Q2 24 | -7.4% | 29.8% | ||
| Q1 24 | -90.4% | 25.6% |
| Q4 25 | 40.2% | 16.1% | ||
| Q3 25 | 12.1% | 26.6% | ||
| Q2 25 | 7.3% | 16.0% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | 35.0% | -126.9% | ||
| Q3 24 | 22.0% | 27.6% | ||
| Q2 24 | -2.4% | -27.2% | ||
| Q1 24 | -68.3% | -12.5% |
| Q4 25 | $0.49 | $0.10 | ||
| Q3 25 | $0.07 | $0.16 | ||
| Q2 25 | $0.04 | $0.08 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | $0.40 | $-0.65 | ||
| Q3 24 | $0.15 | $0.09 | ||
| Q2 24 | $-0.01 | $-0.13 | ||
| Q1 24 | $-0.14 | $-0.05 |
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 | $87.0M |
| Total DebtLower is stronger | — | $395.9M |
| Stockholders' EquityBook value | $206.2M | $47.0M |
| Total Assets | $231.5M | $531.0M |
| Debt / EquityLower = less leverage | — | 8.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $87.0M | ||
| Q3 25 | $70.4M | $6.3M | ||
| Q2 25 | $79.5M | $120.8M | ||
| Q1 25 | — | $255.9M | ||
| Q4 24 | $78.0M | $59.2M | ||
| Q3 24 | $118.6M | $39.1M | ||
| Q2 24 | $101.0M | $16.3M | ||
| Q1 24 | $117.4M | $21.5M |
| Q4 25 | — | $395.9M | ||
| Q3 25 | — | $279.9M | ||
| Q2 25 | — | $283.5M | ||
| Q1 25 | — | $287.0M | ||
| Q4 24 | — | $290.6M | ||
| Q3 24 | — | $294.1M | ||
| Q2 24 | — | $297.7M | ||
| Q1 24 | — | $315.0M |
| Q4 25 | $206.2M | $47.0M | ||
| Q3 25 | $180.8M | $71.0M | ||
| Q2 25 | $185.2M | $187.7M | ||
| Q1 25 | — | $319.8M | ||
| Q4 24 | $210.0M | $-131.6M | ||
| Q3 24 | $233.9M | $-13.4M | ||
| Q2 24 | $218.5M | $-41.7M | ||
| Q1 24 | $216.0M | $-22.0M |
| Q4 25 | $231.5M | $531.0M | ||
| Q3 25 | $209.6M | $439.2M | ||
| Q2 25 | $212.3M | $547.6M | ||
| Q1 25 | — | $679.4M | ||
| Q4 24 | $242.8M | $479.1M | ||
| Q3 24 | $262.7M | $456.3M | ||
| Q2 24 | $249.0M | $435.0M | ||
| Q1 24 | $244.3M | $437.7M |
| Q4 25 | — | 8.42× | ||
| Q3 25 | — | 3.94× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $6.4M | $24.5M |
| FCF MarginFCF / Revenue | 9.6% | 19.5% |
| Capex IntensityCapex / Revenue | 1.0% | 0.2% |
| Cash ConversionOCF / Net Profit | 0.26× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $140.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $24.8M | ||
| Q3 25 | $-3.1M | $55.4M | ||
| Q2 25 | $4.1M | $37.5M | ||
| Q1 25 | — | $23.8M | ||
| Q4 24 | $9.0M | $29.5M | ||
| Q3 24 | $-3.0M | $29.1M | ||
| Q2 24 | $8.1M | $15.8M | ||
| Q1 24 | $6.5M | $20.4M |
| Q4 25 | $6.4M | $24.5M | ||
| Q3 25 | $-3.5M | $55.2M | ||
| Q2 25 | $4.0M | $37.3M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | $8.9M | $29.3M | ||
| Q3 24 | $-3.2M | $28.8M | ||
| Q2 24 | $7.9M | $15.7M | ||
| Q1 24 | $5.7M | $20.3M |
| Q4 25 | 9.6% | 19.5% | ||
| Q3 25 | -10.9% | 47.7% | ||
| Q2 25 | 14.3% | 35.8% | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | 13.2% | 30.0% | ||
| Q3 24 | -8.2% | 32.2% | ||
| Q2 24 | 28.9% | 19.0% | ||
| Q1 24 | 46.9% | 26.9% |
| Q4 25 | 1.0% | 0.2% | ||
| Q3 25 | 1.1% | 0.2% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 0.2% | 0.3% | ||
| Q3 24 | 0.4% | 0.4% | ||
| Q2 24 | 0.7% | 0.2% | ||
| Q1 24 | 6.8% | 0.3% |
| Q4 25 | 0.26× | 1.22× | ||
| Q3 25 | -0.81× | 1.80× | ||
| Q2 25 | 2.02× | 2.25× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 1.18× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
