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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and Granite Ridge Resources, Inc. (GRNT). Click either name above to swap in a different company.
Granite Ridge Resources, Inc. is the larger business by last-quarter revenue ($105.5M vs $66.9M, roughly 1.6× Energy Recovery, Inc.). On growth, Energy Recovery, Inc. posted the faster year-over-year revenue change (-0.3% vs -0.8%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (8.9% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
ERII vs GRNT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $105.5M |
| Net Profit | $26.9M | — |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | -34.5% |
| Net Margin | 40.2% | — |
| Revenue YoY | -0.3% | -0.8% |
| Net Profit YoY | 14.7% | — |
| EPS (diluted) | $0.49 | $-0.19 |
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 | $105.5M | ||
| Q3 25 | $32.0M | $112.7M | ||
| Q2 25 | $28.1M | $109.2M | ||
| Q1 25 | — | $122.9M | ||
| Q4 24 | $67.1M | $106.3M | ||
| Q3 24 | $38.6M | $94.1M | ||
| Q2 24 | $27.2M | $90.7M | ||
| Q1 24 | $12.1M | $89.0M |
| Q4 25 | $26.9M | — | ||
| Q3 25 | $3.9M | $14.5M | ||
| Q2 25 | $2.1M | $25.1M | ||
| Q1 25 | — | $9.8M | ||
| Q4 24 | $23.5M | — | ||
| Q3 24 | $8.5M | $9.1M | ||
| Q2 24 | $-642.0K | $5.1M | ||
| Q1 24 | $-8.3M | $16.2M |
| 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% | -34.5% | ||
| Q3 25 | 11.4% | 17.4% | ||
| Q2 25 | 5.3% | 19.0% | ||
| Q1 25 | — | 34.6% | ||
| Q4 24 | 38.2% | -6.5% | ||
| Q3 24 | 18.3% | 26.2% | ||
| Q2 24 | -7.4% | 24.1% | ||
| Q1 24 | -90.4% | 22.0% |
| Q4 25 | 40.2% | — | ||
| Q3 25 | 12.1% | 12.9% | ||
| Q2 25 | 7.3% | 23.0% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | 35.0% | — | ||
| Q3 24 | 22.0% | 9.6% | ||
| Q2 24 | -2.4% | 5.6% | ||
| Q1 24 | -68.3% | 18.2% |
| Q4 25 | $0.49 | $-0.19 | ||
| Q3 25 | $0.07 | $0.11 | ||
| Q2 25 | $0.04 | $0.19 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | $0.40 | $-0.09 | ||
| Q3 24 | $0.15 | $0.07 | ||
| Q2 24 | $-0.01 | $0.04 | ||
| Q1 24 | $-0.14 | $0.12 |
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 | — | $367.8M |
| Stockholders' EquityBook value | $206.2M | $605.8M |
| Total Assets | $231.5M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.61× |
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 | — | $367.8M | ||
| Q3 25 | — | $300.0M | ||
| Q2 25 | — | $275.0M | ||
| Q1 25 | — | $250.0M | ||
| Q4 24 | — | $205.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $137.5M |
| Q4 25 | $206.2M | $605.8M | ||
| Q3 25 | $180.8M | $643.9M | ||
| Q2 25 | $185.2M | $642.5M | ||
| Q1 25 | — | $631.4M | ||
| Q4 24 | $210.0M | $635.4M | ||
| Q3 24 | $233.9M | $660.6M | ||
| Q2 24 | $218.5M | $665.3M | ||
| Q1 24 | $216.0M | $674.0M |
| Q4 25 | $231.5M | $1.2B | ||
| Q3 25 | $209.6M | $1.1B | ||
| Q2 25 | $212.3M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $242.8M | $1.0B | ||
| Q3 24 | $262.7M | $1.0B | ||
| Q2 24 | $249.0M | $990.5M | ||
| Q1 24 | $244.3M | $966.7M |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.20× |
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 | $64.5M |
| 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.
| Q4 25 | $7.1M | $64.5M | ||
| Q3 25 | $-3.1M | $77.8M | ||
| Q2 25 | $4.1M | $78.0M | ||
| Q1 25 | — | $76.1M | ||
| Q4 24 | $9.0M | $68.2M | ||
| Q3 24 | $-3.0M | $74.7M | ||
| Q2 24 | $8.1M | $64.2M | ||
| Q1 24 | $6.5M | $68.7M |
| 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 24 | $5.7M | — |
| 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 24 | 46.9% | — |
| 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 24 | 6.8% | — |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | 5.36× | ||
| Q2 25 | 2.02× | 3.11× | ||
| Q1 25 | — | 7.75× | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 8.25× | ||
| Q2 24 | — | 12.58× | ||
| Q1 24 | — | 4.23× |
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% |
GRNT
| Oil And Gas Service | $87.6M | 83% |
| Natural Gas Storage | $17.9M | 17% |
