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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and HANMI FINANCIAL CORP (HAFC). Click either name above to swap in a different company.
HANMI FINANCIAL CORP is the larger business by last-quarter revenue ($71.2M vs $66.9M, roughly 1.1× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 29.8%, a 10.4% gap on every dollar of revenue. On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs -0.3%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $6.4M). Over the past eight quarters, HANMI FINANCIAL CORP's revenue compounded faster (10.4% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.
ERII vs HAFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $71.2M |
| Net Profit | $26.9M | $21.2M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | 29.8% |
| Net Margin | 40.2% | 29.8% |
| Revenue YoY | -0.3% | 17.1% |
| Net Profit YoY | 14.7% | 20.0% |
| EPS (diluted) | $0.49 | $0.70 |
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 | $71.2M | ||
| Q3 25 | $32.0M | $71.0M | ||
| Q2 25 | $28.1M | $65.2M | ||
| Q1 25 | — | $62.8M | ||
| Q4 24 | $67.1M | $60.8M | ||
| Q3 24 | $38.6M | $58.5M | ||
| Q2 24 | $27.2M | $56.7M | ||
| Q1 24 | $12.1M | $58.4M |
| Q4 25 | $26.9M | $21.2M | ||
| Q3 25 | $3.9M | $22.1M | ||
| Q2 25 | $2.1M | $15.1M | ||
| Q1 25 | — | $17.7M | ||
| Q4 24 | $23.5M | $17.7M | ||
| Q3 24 | $8.5M | $14.9M | ||
| Q2 24 | $-642.0K | $14.5M | ||
| Q1 24 | $-8.3M | $15.2M |
| 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% | 29.8% | ||
| Q3 25 | 11.4% | 31.1% | ||
| Q2 25 | 5.3% | 23.2% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | 38.2% | 29.1% | ||
| Q3 24 | 18.3% | 25.5% | ||
| Q2 24 | -7.4% | 25.5% | ||
| Q1 24 | -90.4% | 26.0% |
| Q4 25 | 40.2% | 29.8% | ||
| Q3 25 | 12.1% | 31.1% | ||
| Q2 25 | 7.3% | 23.2% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | 35.0% | 29.1% | ||
| Q3 24 | 22.0% | 25.5% | ||
| Q2 24 | -2.4% | 25.5% | ||
| Q1 24 | -68.3% | 26.0% |
| Q4 25 | $0.49 | $0.70 | ||
| Q3 25 | $0.07 | $0.73 | ||
| Q2 25 | $0.04 | $0.50 | ||
| Q1 25 | — | $0.58 | ||
| Q4 24 | $0.40 | $0.58 | ||
| Q3 24 | $0.15 | $0.49 | ||
| Q2 24 | $-0.01 | $0.48 | ||
| Q1 24 | $-0.14 | $0.50 |
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 | — | — |
| Stockholders' EquityBook value | $206.2M | $796.4M |
| Total Assets | $231.5M | $7.9B |
| Debt / EquityLower = less leverage | — | — |
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 | $206.2M | $796.4M | ||
| Q3 25 | $180.8M | $779.5M | ||
| Q2 25 | $185.2M | $762.8M | ||
| Q1 25 | — | $751.5M | ||
| Q4 24 | $210.0M | $732.2M | ||
| Q3 24 | $233.9M | $736.7M | ||
| Q2 24 | $218.5M | $707.1M | ||
| Q1 24 | $216.0M | $703.1M |
| Q4 25 | $231.5M | $7.9B | ||
| Q3 25 | $209.6M | $7.9B | ||
| Q2 25 | $212.3M | $7.9B | ||
| Q1 25 | — | $7.7B | ||
| Q4 24 | $242.8M | $7.7B | ||
| Q3 24 | $262.7M | $7.7B | ||
| Q2 24 | $249.0M | $7.6B | ||
| Q1 24 | $244.3M | $7.5B |
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 | $206.0M |
| Free Cash FlowOCF − Capex | $6.4M | $203.7M |
| FCF MarginFCF / Revenue | 9.6% | 286.2% |
| Capex IntensityCapex / Revenue | 1.0% | 3.2% |
| Cash ConversionOCF / Net Profit | 0.26× | 9.70× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $356.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $206.0M | ||
| Q3 25 | $-3.1M | $146.9M | ||
| Q2 25 | $4.1M | $-19.0M | ||
| Q1 25 | — | $25.8M | ||
| Q4 24 | $9.0M | $52.6M | ||
| Q3 24 | $-3.0M | $6.7M | ||
| Q2 24 | $8.1M | $2.1M | ||
| Q1 24 | $6.5M | $30.0M |
| Q4 25 | $6.4M | $203.7M | ||
| Q3 25 | $-3.5M | $146.4M | ||
| Q2 25 | $4.0M | $-19.6M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | $8.9M | $49.9M | ||
| Q3 24 | $-3.2M | $6.5M | ||
| Q2 24 | $7.9M | $1.3M | ||
| Q1 24 | $5.7M | $29.2M |
| Q4 25 | 9.6% | 286.2% | ||
| Q3 25 | -10.9% | 206.3% | ||
| Q2 25 | 14.3% | -30.0% | ||
| Q1 25 | — | 40.7% | ||
| Q4 24 | 13.2% | 82.1% | ||
| Q3 24 | -8.2% | 11.1% | ||
| Q2 24 | 28.9% | 2.3% | ||
| Q1 24 | 46.9% | 50.0% |
| Q4 25 | 1.0% | 3.2% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 0.5% | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 0.2% | 4.3% | ||
| Q3 24 | 0.4% | 0.4% | ||
| Q2 24 | 0.7% | 1.4% | ||
| Q1 24 | 6.8% | 1.4% |
| Q4 25 | 0.26× | 9.70× | ||
| Q3 25 | -0.81× | 6.66× | ||
| Q2 25 | 2.02× | -1.26× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | 0.38× | 2.97× | ||
| Q3 24 | -0.35× | 0.45× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 1.98× |
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% |
HAFC
Segment breakdown not available.
