vs
Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and HIVE Digital Technologies Ltd. (HIVE). Click either name above to swap in a different company.
HIVE Digital Technologies Ltd. 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 -98.1%, a 138.3% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs -0.3%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
ERII vs HIVE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $93.1M |
| Net Profit | $26.9M | $-91.3M |
| Gross Margin | 67.2% | -27.1% |
| Operating Margin | 46.8% | — |
| Net Margin | 40.2% | -98.1% |
| Revenue YoY | -0.3% | 218.6% |
| Net Profit YoY | 14.7% | -234.0% |
| EPS (diluted) | $0.49 | $-0.38 |
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 | $93.1M | ||
| Q3 25 | $32.0M | $87.3M | ||
| Q2 25 | $28.1M | $45.6M | ||
| Q4 24 | $67.1M | $29.2M | ||
| Q3 24 | $38.6M | $22.6M | ||
| Q2 24 | $27.2M | $32.2M | ||
| Q1 24 | $12.1M | — | ||
| Q4 23 | $57.2M | $22.8M |
| Q4 25 | $26.9M | $-91.3M | ||
| Q3 25 | $3.9M | $-15.8M | ||
| Q2 25 | $2.1M | $35.0M | ||
| Q4 24 | $23.5M | $68.2M | ||
| Q3 24 | $8.5M | $80.0K | ||
| Q2 24 | $-642.0K | $-18.3M | ||
| Q1 24 | $-8.3M | — | ||
| Q4 23 | $19.8M | $-24.5M |
| Q4 25 | 67.2% | -27.1% | ||
| Q3 25 | 64.2% | 4.7% | ||
| Q2 25 | 64.0% | -13.6% | ||
| Q4 24 | 70.2% | -43.7% | ||
| Q3 24 | 65.1% | -66.1% | ||
| Q2 24 | 64.6% | -7.4% | ||
| Q1 24 | 59.0% | — | ||
| Q4 23 | 69.1% | -52.3% |
| Q4 25 | 46.8% | — | ||
| Q3 25 | 11.4% | — | ||
| Q2 25 | 5.3% | — | ||
| Q4 24 | 38.2% | — | ||
| Q3 24 | 18.3% | — | ||
| Q2 24 | -7.4% | — | ||
| Q1 24 | -90.4% | — | ||
| Q4 23 | 36.0% | — |
| Q4 25 | 40.2% | -98.1% | ||
| Q3 25 | 12.1% | -18.1% | ||
| Q2 25 | 7.3% | 76.8% | ||
| Q4 24 | 35.0% | 233.2% | ||
| Q3 24 | 22.0% | 0.4% | ||
| Q2 24 | -2.4% | -56.7% | ||
| Q1 24 | -68.3% | — | ||
| Q4 23 | 34.6% | -107.8% |
| Q4 25 | $0.49 | $-0.38 | ||
| Q3 25 | $0.07 | $-0.07 | ||
| Q2 25 | $0.04 | $0.18 | ||
| Q4 24 | $0.40 | $0.52 | ||
| Q3 24 | $0.15 | $0.00 | ||
| Q2 24 | $-0.01 | $-0.17 | ||
| Q1 24 | $-0.14 | — | ||
| Q4 23 | $0.34 | $-0.29 |
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 | $559.3M |
| Total Assets | $231.5M | $624.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | — | ||
| Q3 25 | $70.4M | — | ||
| Q2 25 | $79.5M | — | ||
| Q4 24 | $78.0M | $40.5M | ||
| Q3 24 | $118.6M | $31.7M | ||
| Q2 24 | $101.0M | — | ||
| Q1 24 | $117.4M | — | ||
| Q4 23 | $108.5M | $4.5M |
| Q4 25 | $206.2M | $559.3M | ||
| Q3 25 | $180.8M | $624.6M | ||
| Q2 25 | $185.2M | $560.5M | ||
| Q4 24 | $210.0M | $430.9M | ||
| Q3 24 | $233.9M | $275.5M | ||
| Q2 24 | $218.5M | $268.6M | ||
| Q1 24 | $216.0M | — | ||
| Q4 23 | $219.8M | $122.9M |
| Q4 25 | $231.5M | $624.0M | ||
| Q3 25 | $209.6M | $693.0M | ||
| Q2 25 | $212.3M | $628.7M | ||
| Q4 24 | $242.8M | $478.6M | ||
| Q3 24 | $262.7M | $334.7M | ||
| Q2 24 | $249.0M | — | ||
| Q1 24 | $244.3M | — | ||
| Q4 23 | $253.0M | — |
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 | $46.0M |
| 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 | $46.0M | ||
| Q3 25 | $-3.1M | $-10.6M | ||
| Q2 25 | $4.1M | $10.2M | ||
| Q4 24 | $9.0M | $-28.5M | ||
| Q3 24 | $-3.0M | $-2.2M | ||
| Q2 24 | $8.1M | $-4.4M | ||
| Q1 24 | $6.5M | — | ||
| Q4 23 | $13.8M | — |
| Q4 25 | $6.4M | — | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q4 24 | $8.9M | $-55.5M | ||
| Q3 24 | $-3.2M | $-34.7M | ||
| Q2 24 | $7.9M | — | ||
| Q1 24 | $5.7M | — | ||
| Q4 23 | $12.4M | — |
| Q4 25 | 9.6% | — | ||
| Q3 25 | -10.9% | — | ||
| Q2 25 | 14.3% | — | ||
| Q4 24 | 13.2% | -189.9% | ||
| Q3 24 | -8.2% | -153.4% | ||
| Q2 24 | 28.9% | — | ||
| Q1 24 | 46.9% | — | ||
| Q4 23 | 21.7% | — |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q4 24 | 0.2% | 92.5% | ||
| Q3 24 | 0.4% | 143.9% | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 6.8% | — | ||
| Q4 23 | 2.4% | — |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | — | ||
| Q2 25 | 2.02× | 0.29× | ||
| Q4 24 | 0.38× | -0.42× | ||
| Q3 24 | -0.35× | -26.94× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 0.70× | — |
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% |
HIVE
Segment breakdown not available.
