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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and Katapult Holdings, Inc. (KPLT). Click either name above to swap in a different company.
Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $66.9M, roughly 1.1× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 26.8%, a 13.4% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs -0.3%). Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M vs $-12.0M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs 6.6%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
ERII vs KPLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $73.9M |
| Net Profit | $26.9M | $19.8M |
| Gross Margin | 67.2% | 15.6% |
| Operating Margin | 46.8% | -1.4% |
| Net Margin | 40.2% | 26.8% |
| Revenue YoY | -0.3% | 17.3% |
| Net Profit YoY | 14.7% | 307.3% |
| EPS (diluted) | $0.49 | $3.69 |
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 | $73.9M | ||
| Q3 25 | $32.0M | $74.0M | ||
| Q2 25 | $28.1M | $71.9M | ||
| Q1 25 | — | $71.9M | ||
| Q4 24 | $67.1M | $63.0M | ||
| Q3 24 | $38.6M | $60.3M | ||
| Q2 24 | $27.2M | $58.9M | ||
| Q1 24 | $12.1M | $65.1M |
| Q4 25 | $26.9M | $19.8M | ||
| Q3 25 | $3.9M | $-4.9M | ||
| Q2 25 | $2.1M | $-7.8M | ||
| Q1 25 | — | $-5.7M | ||
| Q4 24 | $23.5M | $-9.6M | ||
| Q3 24 | $8.5M | $-8.9M | ||
| Q2 24 | $-642.0K | $-6.9M | ||
| Q1 24 | $-8.3M | $-570.0K |
| Q4 25 | 67.2% | 15.6% | ||
| Q3 25 | 64.2% | 19.7% | ||
| Q2 25 | 64.0% | 15.5% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | 70.2% | 11.8% | ||
| Q3 24 | 65.1% | 19.8% | ||
| Q2 24 | 64.6% | 16.9% | ||
| Q1 24 | 59.0% | 25.3% |
| Q4 25 | 46.8% | -1.4% | ||
| Q3 25 | 11.4% | 3.3% | ||
| Q2 25 | 5.3% | -2.0% | ||
| Q1 25 | — | -0.7% | ||
| Q4 24 | 38.2% | -7.7% | ||
| Q3 24 | 18.3% | -7.4% | ||
| Q2 24 | -7.4% | -4.5% | ||
| Q1 24 | -90.4% | 5.8% |
| Q4 25 | 40.2% | 26.8% | ||
| Q3 25 | 12.1% | -6.7% | ||
| Q2 25 | 7.3% | -10.9% | ||
| Q1 25 | — | -7.9% | ||
| Q4 24 | 35.0% | -15.2% | ||
| Q3 24 | 22.0% | -14.7% | ||
| Q2 24 | -2.4% | -11.7% | ||
| Q1 24 | -68.3% | -0.9% |
| Q4 25 | $0.49 | $3.69 | ||
| Q3 25 | $0.07 | $-0.94 | ||
| Q2 25 | $0.04 | $-1.63 | ||
| Q1 25 | — | $-1.23 | ||
| Q4 24 | $0.40 | $-2.17 | ||
| Q3 24 | $0.15 | $-2.05 | ||
| Q2 24 | $-0.01 | $-1.61 | ||
| Q1 24 | $-0.14 | $-0.13 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $-38.1M |
| Total Assets | $231.5M | $107.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $22.4M | ||
| Q3 25 | $70.4M | $3.4M | ||
| Q2 25 | $79.5M | $3.7M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | $78.0M | $3.5M | ||
| Q3 24 | $118.6M | $25.9M | ||
| Q2 24 | $101.0M | $33.7M | ||
| Q1 24 | $117.4M | $31.2M |
| Q4 25 | $206.2M | $-38.1M | ||
| Q3 25 | $180.8M | $-58.4M | ||
| Q2 25 | $185.2M | $-54.1M | ||
| Q1 25 | — | $-51.7M | ||
| Q4 24 | $210.0M | $-46.8M | ||
| Q3 24 | $233.9M | $-40.3M | ||
| Q2 24 | $218.5M | $-32.9M | ||
| Q1 24 | $216.0M | $-27.5M |
| Q4 25 | $231.5M | $107.9M | ||
| Q3 25 | $209.6M | $85.9M | ||
| Q2 25 | $212.3M | $90.6M | ||
| Q1 25 | — | $88.5M | ||
| Q4 24 | $242.8M | $93.2M | ||
| Q3 24 | $262.7M | $92.0M | ||
| Q2 24 | $249.0M | $106.6M | ||
| Q1 24 | $244.3M | $106.6M |
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 | $-11.9M |
| Free Cash FlowOCF − Capex | $6.4M | $-12.0M |
| FCF MarginFCF / Revenue | 9.6% | -16.2% |
| Capex IntensityCapex / Revenue | 1.0% | 0.0% |
| Cash ConversionOCF / Net Profit | 0.26× | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $-11.9M | ||
| Q3 25 | $-3.1M | $4.0M | ||
| Q2 25 | $4.1M | $-6.6M | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | $9.0M | $-32.6M | ||
| Q3 24 | $-3.0M | $-5.4M | ||
| Q2 24 | $8.1M | $-628.0K | ||
| Q1 24 | $6.5M | $2.0M |
| Q4 25 | $6.4M | $-12.0M | ||
| Q3 25 | $-3.5M | $4.0M | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | $8.9M | $-32.6M | ||
| Q3 24 | $-3.2M | $-5.4M | ||
| Q2 24 | $7.9M | $-653.0K | ||
| Q1 24 | $5.7M | — |
| Q4 25 | 9.6% | -16.2% | ||
| Q3 25 | -10.9% | 5.4% | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | 13.2% | -51.8% | ||
| Q3 24 | -8.2% | -9.0% | ||
| Q2 24 | 28.9% | -1.1% | ||
| Q1 24 | 46.9% | — |
| Q4 25 | 1.0% | 0.0% | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 0.5% | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 0.2% | 0.1% | ||
| Q3 24 | 0.4% | 0.0% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 6.8% | 0.0% |
| Q4 25 | 0.26× | -0.60× | ||
| 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% |
KPLT
Segment breakdown not available.
