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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and Goosehead Insurance, Inc. (GSHD). Click either name above to swap in a different company.
Goosehead Insurance, Inc. is the larger business by last-quarter revenue ($93.1M vs $66.9M, roughly 1.4× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 8.6%, a 31.6% gap on every dollar of revenue. On growth, Goosehead Insurance, Inc. posted the faster year-over-year revenue change (23.1% vs -0.3%). Over the past eight quarters, Goosehead Insurance, Inc.'s revenue compounded faster (9.2% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Goosehead Insurance is a U.S.-based personal lines insurance agency that offers a wide range of coverage products including auto, home, renters, flood, and specialty insurance. It partners with hundreds of insurance carriers to provide clients with tailored, cost-effective coverage options, operating via corporate locations and a national franchise network for independent agents.
ERII vs GSHD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $93.1M |
| Net Profit | $26.9M | $8.0M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | 16.1% |
| Net Margin | 40.2% | 8.6% |
| Revenue YoY | -0.3% | 23.1% |
| Net Profit YoY | 14.7% | 204.0% |
| 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.
| Q1 26 | — | $93.1M | ||
| Q4 25 | $66.9M | $105.3M | ||
| Q3 25 | $32.0M | $90.4M | ||
| Q2 25 | $28.1M | $94.0M | ||
| Q1 25 | — | $75.6M | ||
| Q4 24 | $67.1M | $93.9M | ||
| Q3 24 | $38.6M | $78.0M | ||
| Q2 24 | $27.2M | $78.1M |
| Q1 26 | — | $8.0M | ||
| Q4 25 | $26.9M | $12.4M | ||
| Q3 25 | $3.9M | $7.9M | ||
| Q2 25 | $2.1M | $5.2M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | $23.5M | $14.9M | ||
| Q3 24 | $8.5M | $7.6M | ||
| Q2 24 | $-642.0K | $6.2M |
| 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 | — | 16.1% | ||
| Q4 25 | 46.8% | 29.4% | ||
| Q3 25 | 11.4% | 23.5% | ||
| Q2 25 | 5.3% | 16.7% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | 38.2% | 29.7% | ||
| Q3 24 | 18.3% | 21.1% | ||
| Q2 24 | -7.4% | 19.7% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 40.2% | 11.8% | ||
| Q3 25 | 12.1% | 8.7% | ||
| Q2 25 | 7.3% | 5.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | 35.0% | 15.8% | ||
| Q3 24 | 22.0% | 9.7% | ||
| Q2 24 | -2.4% | 7.9% |
| Q1 26 | — | $0.19 | ||
| Q4 25 | $0.49 | $0.48 | ||
| Q3 25 | $0.07 | $0.29 | ||
| Q2 25 | $0.04 | $0.18 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | $0.40 | $0.58 | ||
| Q3 24 | $0.15 | $0.29 | ||
| Q2 24 | $-0.01 | $0.24 |
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 | $25.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $-121.3M |
| Total Assets | $231.5M | $392.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $75.2M | $34.4M | ||
| Q3 25 | $70.4M | $51.6M | ||
| Q2 25 | $79.5M | $92.4M | ||
| Q1 25 | — | $70.2M | ||
| Q4 24 | $78.0M | $54.3M | ||
| Q3 24 | $118.6M | $47.5M | ||
| Q2 24 | $101.0M | $23.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $289.5M | ||
| Q3 25 | — | $290.0M | ||
| Q2 25 | — | $289.8M | ||
| Q1 25 | — | $290.3M | ||
| Q4 24 | — | $82.3M | ||
| Q3 24 | — | $84.6M | ||
| Q2 24 | — | $87.0M |
| Q1 26 | — | $-121.3M | ||
| Q4 25 | $206.2M | $-95.5M | ||
| Q3 25 | $180.8M | $-105.0M | ||
| Q2 25 | $185.2M | $-78.6M | ||
| Q1 25 | — | $-88.5M | ||
| Q4 24 | $210.0M | $43.9M | ||
| Q3 24 | $233.9M | $58.3M | ||
| Q2 24 | $218.5M | $39.8M |
| Q1 26 | — | $392.8M | ||
| Q4 25 | $231.5M | $414.9M | ||
| Q3 25 | $209.6M | $403.6M | ||
| Q2 25 | $212.3M | $436.6M | ||
| Q1 25 | — | $412.6M | ||
| Q4 24 | $242.8M | $397.7M | ||
| Q3 24 | $262.7M | $358.1M | ||
| Q2 24 | $249.0M | $338.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.87× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 2.19× |
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 | $91.8M | ||
| Q3 25 | $-3.1M | $24.2M | ||
| Q2 25 | $4.1M | $28.9M | ||
| Q1 25 | — | $15.5M | ||
| Q4 24 | $9.0M | $71.5M | ||
| Q3 24 | $-3.0M | $28.1M | ||
| Q2 24 | $8.1M | $18.9M |
| Q1 26 | — | — | ||
| Q4 25 | $6.4M | $86.1M | ||
| Q3 25 | $-3.5M | $23.7M | ||
| Q2 25 | $4.0M | $27.2M | ||
| Q1 25 | — | $14.9M | ||
| Q4 24 | $8.9M | $70.6M | ||
| Q3 24 | $-3.2M | $28.0M | ||
| Q2 24 | $7.9M | $18.6M |
| Q1 26 | — | — | ||
| Q4 25 | 9.6% | 81.8% | ||
| Q3 25 | -10.9% | 26.2% | ||
| Q2 25 | 14.3% | 28.9% | ||
| Q1 25 | — | 19.7% | ||
| Q4 24 | 13.2% | 75.1% | ||
| Q3 24 | -8.2% | 35.9% | ||
| Q2 24 | 28.9% | 23.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 5.4% | ||
| Q3 25 | 1.1% | 0.5% | ||
| Q2 25 | 0.5% | 1.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 0.2% | 1.0% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.7% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 7.38× | ||
| Q3 25 | -0.81× | 3.06× | ||
| Q2 25 | 2.02× | 5.61× | ||
| Q1 25 | — | 6.61× | ||
| Q4 24 | 0.38× | 4.82× | ||
| Q3 24 | -0.35× | 3.72× | ||
| Q2 24 | — | 3.05× |
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% |
GSHD
| Renewal Royalty Fees (2) | $43.6M | 47% |
| Renewal Commissions (1) | $18.2M | 20% |
| Contingent Commissions (1) | $10.7M | 11% |
| New Business Royalty Fees (2) | $7.9M | 8% |
| New Business Commissions (1) | $7.5M | 8% |
| Other | $3.7M | 4% |
| Initial Franchise Fees (2) | $1.6M | 2% |
