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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and KINGSTONE COMPANIES, INC. (KINS). Click either name above to swap in a different company.

Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $56.4M, roughly 1.2× KINGSTONE COMPANIES, INC.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 26.2%, a 14.1% gap on every dollar of revenue. On growth, KINGSTONE COMPANIES, INC. posted the faster year-over-year revenue change (34.0% vs -0.3%). KINGSTONE COMPANIES, INC. produced more free cash flow last quarter ($73.1M vs $6.4M). Over the past eight quarters, KINGSTONE COMPANIES, INC.'s revenue compounded faster (25.6% CAGR vs 8.1%).

Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.

Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company. Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. The company...

ERII vs KINS — Head-to-Head

Bigger by revenue
ERII
ERII
1.2× larger
ERII
$66.9M
$56.4M
KINS
Growing faster (revenue YoY)
KINS
KINS
+34.3% gap
KINS
34.0%
-0.3%
ERII
Higher net margin
ERII
ERII
14.1% more per $
ERII
40.2%
26.2%
KINS
More free cash flow
KINS
KINS
$66.6M more FCF
KINS
$73.1M
$6.4M
ERII
Faster 2-yr revenue CAGR
KINS
KINS
Annualised
KINS
25.6%
8.1%
ERII

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ERII
ERII
KINS
KINS
Revenue
$66.9M
$56.4M
Net Profit
$26.9M
$14.8M
Gross Margin
67.2%
Operating Margin
46.8%
32.7%
Net Margin
40.2%
26.2%
Revenue YoY
-0.3%
34.0%
Net Profit YoY
14.7%
171.4%
EPS (diluted)
$0.49
$1.09

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.

Revenue
ERII
ERII
KINS
KINS
Q4 25
$66.9M
$56.4M
Q3 25
$32.0M
$55.7M
Q2 25
$28.1M
$52.3M
Q1 25
$50.5M
Q4 24
$67.1M
$42.1M
Q3 24
$38.6M
$40.8M
Q2 24
$27.2M
$36.5M
Q1 24
$12.1M
$35.8M
Net Profit
ERII
ERII
KINS
KINS
Q4 25
$26.9M
$14.8M
Q3 25
$3.9M
$10.9M
Q2 25
$2.1M
$11.3M
Q1 25
$3.9M
Q4 24
$23.5M
$5.4M
Q3 24
$8.5M
$7.0M
Q2 24
$-642.0K
$4.5M
Q1 24
$-8.3M
$1.4M
Gross Margin
ERII
ERII
KINS
KINS
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%
Operating Margin
ERII
ERII
KINS
KINS
Q4 25
46.8%
32.7%
Q3 25
11.4%
24.6%
Q2 25
5.3%
27.1%
Q1 25
9.3%
Q4 24
38.2%
15.9%
Q3 24
18.3%
22.3%
Q2 24
-7.4%
15.7%
Q1 24
-90.4%
5.0%
Net Margin
ERII
ERII
KINS
KINS
Q4 25
40.2%
26.2%
Q3 25
12.1%
19.5%
Q2 25
7.3%
21.5%
Q1 25
7.7%
Q4 24
35.0%
12.9%
Q3 24
22.0%
17.1%
Q2 24
-2.4%
12.4%
Q1 24
-68.3%
4.0%
EPS (diluted)
ERII
ERII
KINS
KINS
Q4 25
$0.49
$1.09
Q3 25
$0.07
$0.74
Q2 25
$0.04
$0.78
Q1 25
$0.27
Q4 24
$0.40
$0.44
Q3 24
$0.15
$0.55
Q2 24
$-0.01
$0.37
Q1 24
$-0.14
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ERII
ERII
KINS
KINS
Cash + ST InvestmentsLiquidity on hand
$75.2M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$206.2M
$122.7M
Total Assets
$231.5M
$453.4M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ERII
ERII
KINS
KINS
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
Total Debt
ERII
ERII
KINS
KINS
Q4 25
$4.4M
Q3 25
$4.8M
Q2 25
$5.1M
Q1 25
$5.4M
Q4 24
$11.2M
Q3 24
$17.3M
Q2 24
$25.3M
Q1 24
$25.3M
Stockholders' Equity
ERII
ERII
KINS
KINS
Q4 25
$206.2M
$122.7M
Q3 25
$180.8M
$107.7M
Q2 25
$185.2M
$94.9M
Q1 25
$82.2M
Q4 24
$210.0M
$66.7M
Q3 24
$233.9M
$59.7M
Q2 24
$218.5M
$40.8M
Q1 24
$216.0M
$35.7M
Total Assets
ERII
ERII
KINS
KINS
Q4 25
$231.5M
$453.4M
Q3 25
$209.6M
$428.6M
Q2 25
$212.3M
$393.4M
Q1 25
$385.4M
Q4 24
$242.8M
$374.9M
Q3 24
$262.7M
$347.0M
Q2 24
$249.0M
$319.8M
Q1 24
$244.3M
$318.3M
Debt / Equity
ERII
ERII
KINS
KINS
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.05×
Q1 25
0.07×
Q4 24
0.17×
Q3 24
0.29×
Q2 24
0.62×
Q1 24
0.71×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ERII
ERII
KINS
KINS
Operating Cash FlowLast quarter
$7.1M
$75.9M
Free Cash FlowOCF − Capex
$6.4M
$73.1M
FCF MarginFCF / Revenue
9.6%
129.5%
Capex IntensityCapex / Revenue
1.0%
5.0%
Cash ConversionOCF / Net Profit
0.26×
5.14×
TTM Free Cash FlowTrailing 4 quarters
$15.8M
$124.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ERII
ERII
KINS
KINS
Q4 25
$7.1M
$75.9M
Q3 25
$-3.1M
$25.9M
Q2 25
$4.1M
$9.3M
Q1 25
$17.9M
Q4 24
$9.0M
$57.9M
Q3 24
$-3.0M
$21.7M
Q2 24
$8.1M
$7.1M
Q1 24
$6.5M
$6.1M
Free Cash Flow
ERII
ERII
KINS
KINS
Q4 25
$6.4M
$73.1M
Q3 25
$-3.5M
$25.3M
Q2 25
$4.0M
$8.7M
Q1 25
$17.0M
Q4 24
$8.9M
$55.6M
Q3 24
$-3.2M
$21.0M
Q2 24
$7.9M
$6.6M
Q1 24
$5.7M
$5.6M
FCF Margin
ERII
ERII
KINS
KINS
Q4 25
9.6%
129.5%
Q3 25
-10.9%
45.4%
Q2 25
14.3%
16.6%
Q1 25
33.7%
Q4 24
13.2%
132.1%
Q3 24
-8.2%
51.6%
Q2 24
28.9%
18.1%
Q1 24
46.9%
15.5%
Capex Intensity
ERII
ERII
KINS
KINS
Q4 25
1.0%
5.0%
Q3 25
1.1%
1.2%
Q2 25
0.5%
1.1%
Q1 25
1.7%
Q4 24
0.2%
5.6%
Q3 24
0.4%
1.7%
Q2 24
0.7%
1.4%
Q1 24
6.8%
1.5%
Cash Conversion
ERII
ERII
KINS
KINS
Q4 25
0.26×
5.14×
Q3 25
-0.81×
2.38×
Q2 25
2.02×
0.82×
Q1 25
4.60×
Q4 24
0.38×
10.65×
Q3 24
-0.35×
3.12×
Q2 24
1.58×
Q1 24
4.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ERII
ERII

Water Segment$38.6M58%
Other$11.0M16%
Original Equipment Manufacturer$10.6M16%
Aftermarket$6.6M10%

KINS
KINS

Segment breakdown not available.

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