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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $66.9M, roughly 1.3× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -3.2%, a 43.4% gap on every dollar of revenue. On growth, Energy Recovery, Inc. posted the faster year-over-year revenue change (-0.3% vs -14.9%). Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
ERII vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $84.2M |
| Net Profit | $26.9M | $-2.7M |
| Gross Margin | 67.2% | 3.5% |
| Operating Margin | 46.8% | -2.9% |
| Net Margin | 40.2% | -3.2% |
| Revenue YoY | -0.3% | -14.9% |
| Net Profit YoY | 14.7% | -44.5% |
| EPS (diluted) | $0.49 | $-0.92 |
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 | $84.2M | ||
| Q3 25 | $32.0M | $102.9M | ||
| Q2 25 | $28.1M | $72.2M | ||
| Q1 25 | — | $57.6M | ||
| Q4 24 | $67.1M | $98.9M | ||
| Q3 24 | $38.6M | $54.2M | ||
| Q2 24 | $27.2M | $78.6M | ||
| Q1 24 | $12.1M | $51.4M |
| Q4 25 | $26.9M | $-2.7M | ||
| Q3 25 | $3.9M | $-2.3M | ||
| Q2 25 | $2.1M | $-2.3M | ||
| Q1 25 | — | $-1.1M | ||
| Q4 24 | $23.5M | $-1.9M | ||
| Q3 24 | $8.5M | $-773.0K | ||
| Q2 24 | $-642.0K | $-2.0M | ||
| Q1 24 | $-8.3M | $-580.2K |
| Q4 25 | 67.2% | 3.5% | ||
| Q3 25 | 64.2% | 2.7% | ||
| Q2 25 | 64.0% | 2.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | 70.2% | 2.7% | ||
| Q3 24 | 65.1% | 3.7% | ||
| Q2 24 | 64.6% | 2.8% | ||
| Q1 24 | 59.0% | 2.7% |
| Q4 25 | 46.8% | -2.9% | ||
| Q3 25 | 11.4% | -0.5% | ||
| Q2 25 | 5.3% | -0.9% | ||
| Q1 25 | — | -1.0% | ||
| Q4 24 | 38.2% | -0.3% | ||
| Q3 24 | 18.3% | -0.1% | ||
| Q2 24 | -7.4% | -0.4% | ||
| Q1 24 | -90.4% | -0.4% |
| Q4 25 | 40.2% | -3.2% | ||
| Q3 25 | 12.1% | -2.3% | ||
| Q2 25 | 7.3% | -3.3% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | 35.0% | -1.9% | ||
| Q3 24 | 22.0% | -1.4% | ||
| Q2 24 | -2.4% | -2.5% | ||
| Q1 24 | -68.3% | -1.1% |
| Q4 25 | $0.49 | $-0.92 | ||
| Q3 25 | $0.07 | $-0.68 | ||
| Q2 25 | $0.04 | $-0.82 | ||
| Q1 25 | — | $-0.44 | ||
| Q4 24 | $0.40 | $-1.19 | ||
| Q3 24 | $0.15 | $-0.40 | ||
| Q2 24 | $-0.01 | $-0.90 | ||
| Q1 24 | $-0.14 | $-0.37 |
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 | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $206.2M | $16.3M |
| Total Assets | $231.5M | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $2.2M | ||
| Q3 25 | $70.4M | $2.3M | ||
| Q2 25 | $79.5M | $2.0M | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | $78.0M | $2.5M | ||
| Q3 24 | $118.6M | $2.1M | ||
| Q2 24 | $101.0M | $797.2K | ||
| Q1 24 | $117.4M | $2.7M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | $206.2M | $16.3M | ||
| Q3 25 | $180.8M | $17.9M | ||
| Q2 25 | $185.2M | $14.3M | ||
| Q1 25 | — | $11.6M | ||
| Q4 24 | $210.0M | $11.9M | ||
| Q3 24 | $233.9M | $8.1M | ||
| Q2 24 | $218.5M | $7.6M | ||
| Q1 24 | $216.0M | $8.4M |
| Q4 25 | $231.5M | $51.1M | ||
| Q3 25 | $209.6M | $46.9M | ||
| Q2 25 | $212.3M | $51.4M | ||
| Q1 25 | — | $42.0M | ||
| Q4 24 | $242.8M | $79.0M | ||
| Q3 24 | $262.7M | $32.4M | ||
| Q2 24 | $249.0M | $30.0M | ||
| Q1 24 | $244.3M | $22.1M |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.02× |
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 | $-1.2M |
| Free Cash FlowOCF − Capex | $6.4M | $-1.2M |
| FCF MarginFCF / Revenue | 9.6% | -1.5% |
| Capex IntensityCapex / Revenue | 1.0% | 0.0% |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $-1.2M | ||
| Q3 25 | $-3.1M | $-953.0K | ||
| Q2 25 | $4.1M | $257.7K | ||
| Q1 25 | — | $-1.9M | ||
| Q4 24 | $9.0M | $-403.7K | ||
| Q3 24 | $-3.0M | $625.0K | ||
| Q2 24 | $8.1M | $-2.6M | ||
| Q1 24 | $6.5M | $-536.9K |
| Q4 25 | $6.4M | $-1.2M | ||
| Q3 25 | $-3.5M | $-969.2K | ||
| Q2 25 | $4.0M | $211.7K | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | $8.9M | $-421.3K | ||
| Q3 24 | $-3.2M | $594.5K | ||
| Q2 24 | $7.9M | $-2.6M | ||
| Q1 24 | $5.7M | $-608.5K |
| Q4 25 | 9.6% | -1.5% | ||
| Q3 25 | -10.9% | -0.9% | ||
| Q2 25 | 14.3% | 0.3% | ||
| Q1 25 | — | -3.4% | ||
| Q4 24 | 13.2% | -0.4% | ||
| Q3 24 | -8.2% | 1.1% | ||
| Q2 24 | 28.9% | -3.4% | ||
| Q1 24 | 46.9% | -1.2% |
| Q4 25 | 1.0% | 0.0% | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 0.2% | 0.0% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 6.8% | 0.1% |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | — | ||
| 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% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
