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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and Inspirato Inc (ISPO). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $55.5M, roughly 1.2× Inspirato Inc). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -8.1%, a 48.4% gap on every dollar of revenue. On growth, Energy Recovery, Inc. posted the faster year-over-year revenue change (-0.3% vs -19.6%). Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M vs $-3.0M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs -11.4%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
ERII vs ISPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $55.5M |
| Net Profit | $26.9M | $-4.5M |
| Gross Margin | 67.2% | 31.4% |
| Operating Margin | 46.8% | -8.0% |
| Net Margin | 40.2% | -8.1% |
| Revenue YoY | -0.3% | -19.6% |
| Net Profit YoY | 14.7% | -204.4% |
| EPS (diluted) | $0.49 | $-0.36 |
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 | — | ||
| Q3 25 | $32.0M | $55.5M | ||
| Q2 25 | $28.1M | $63.1M | ||
| Q1 25 | — | $65.9M | ||
| Q4 24 | $67.1M | $63.1M | ||
| Q3 24 | $38.6M | $69.1M | ||
| Q2 24 | $27.2M | $67.4M | ||
| Q1 24 | $12.1M | $80.2M |
| Q4 25 | $26.9M | — | ||
| Q3 25 | $3.9M | $-4.5M | ||
| Q2 25 | $2.1M | $-5.3M | ||
| Q1 25 | — | $1.6M | ||
| Q4 24 | $23.5M | $-2.3M | ||
| Q3 24 | $8.5M | $4.3M | ||
| Q2 24 | $-642.0K | $-8.7M | ||
| Q1 24 | $-8.3M | $1.3M |
| Q4 25 | 67.2% | — | ||
| Q3 25 | 64.2% | 31.4% | ||
| Q2 25 | 64.0% | 27.5% | ||
| Q1 25 | — | 38.8% | ||
| Q4 24 | 70.2% | 34.7% | ||
| Q3 24 | 65.1% | 71.5% | ||
| Q2 24 | 64.6% | 24.0% | ||
| Q1 24 | 59.0% | 39.5% |
| Q4 25 | 46.8% | — | ||
| Q3 25 | 11.4% | -8.0% | ||
| Q2 25 | 5.3% | -8.3% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | 38.2% | -3.2% | ||
| Q3 24 | 18.3% | 9.8% | ||
| Q2 24 | -7.4% | -22.8% | ||
| Q1 24 | -90.4% | 3.0% |
| Q4 25 | 40.2% | — | ||
| Q3 25 | 12.1% | -8.1% | ||
| Q2 25 | 7.3% | -8.4% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | 35.0% | -3.6% | ||
| Q3 24 | 22.0% | 6.3% | ||
| Q2 24 | -2.4% | -12.9% | ||
| Q1 24 | -68.3% | 1.6% |
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.07 | $-0.36 | ||
| Q2 25 | $0.04 | $-0.42 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | $0.40 | $0.98 | ||
| Q3 24 | $0.15 | $0.62 | ||
| Q2 24 | $-0.01 | $-2.33 | ||
| Q1 24 | $-0.14 | $-0.18 |
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 | $13.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $-134.0M |
| Total Assets | $231.5M | $228.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | — | ||
| Q3 25 | $70.4M | $13.7M | ||
| Q2 25 | $79.5M | $16.7M | ||
| Q1 25 | — | $16.4M | ||
| Q4 24 | $78.0M | $21.8M | ||
| Q3 24 | $118.6M | $13.5M | ||
| Q2 24 | $101.0M | $18.8M | ||
| Q1 24 | $117.4M | $22.6M |
| Q4 25 | $206.2M | — | ||
| Q3 25 | $180.8M | $-134.0M | ||
| Q2 25 | $185.2M | $-129.7M | ||
| Q1 25 | — | $-125.2M | ||
| Q4 24 | $210.0M | $-129.9M | ||
| Q3 24 | $233.9M | $-134.6M | ||
| Q2 24 | $218.5M | $-35.2M | ||
| Q1 24 | $216.0M | $-27.5M |
| Q4 25 | $231.5M | — | ||
| Q3 25 | $209.6M | $228.3M | ||
| Q2 25 | $212.3M | $252.6M | ||
| Q1 25 | — | $270.1M | ||
| Q4 24 | $242.8M | $273.9M | ||
| Q3 24 | $262.7M | $273.3M | ||
| Q2 24 | $249.0M | $301.7M | ||
| Q1 24 | $244.3M | $313.0M |
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 | $-2.2M |
| Free Cash FlowOCF − Capex | $6.4M | $-3.0M |
| FCF MarginFCF / Revenue | 9.6% | -5.4% |
| Capex IntensityCapex / Revenue | 1.0% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $-31.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | — | ||
| Q3 25 | $-3.1M | $-2.2M | ||
| Q2 25 | $4.1M | $1.1M | ||
| Q1 25 | — | $-6.6M | ||
| Q4 24 | $9.0M | $-15.8M | ||
| Q3 24 | $-3.0M | $-13.7M | ||
| Q2 24 | $8.1M | $-1.8M | ||
| Q1 24 | $6.5M | $-7.2M |
| Q4 25 | $6.4M | — | ||
| Q3 25 | $-3.5M | $-3.0M | ||
| Q2 25 | $4.0M | $468.0K | ||
| Q1 25 | — | $-7.5M | ||
| Q4 24 | $8.9M | $-21.2M | ||
| Q3 24 | $-3.2M | $-14.8M | ||
| Q2 24 | $7.9M | $-3.7M | ||
| Q1 24 | $5.7M | $-8.5M |
| Q4 25 | 9.6% | — | ||
| Q3 25 | -10.9% | -5.4% | ||
| Q2 25 | 14.3% | 0.7% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | 13.2% | -33.7% | ||
| Q3 24 | -8.2% | -21.5% | ||
| Q2 24 | 28.9% | -5.5% | ||
| Q1 24 | 46.9% | -10.6% |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.1% | 1.4% | ||
| Q2 25 | 0.5% | 1.0% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 0.2% | 8.7% | ||
| Q3 24 | 0.4% | 1.6% | ||
| Q2 24 | 0.7% | 2.8% | ||
| Q1 24 | 6.8% | 1.6% |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | — | -4.09× | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | -3.16× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -5.70× |
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% |
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
