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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.
Kennedy-Wilson Holdings, Inc. is the larger business by last-quarter revenue ($120.6M vs $66.9M, roughly 1.8× Energy Recovery, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 40.2%, a 7.8% gap on every dollar of revenue. On growth, Energy Recovery, Inc. posted the faster year-over-year revenue change (-0.3% vs -11.0%). Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M vs $-55.2M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs -6.0%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
ERII vs KW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $120.6M |
| Net Profit | $26.9M | $58.0M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | 57.3% |
| Net Margin | 40.2% | 48.1% |
| Revenue YoY | -0.3% | -11.0% |
| Net Profit YoY | 14.7% | 32.7% |
| EPS (diluted) | $0.49 | $0.22 |
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 | $120.6M | ||
| Q3 25 | $32.0M | $116.4M | ||
| Q2 25 | $28.1M | $135.7M | ||
| Q1 25 | — | $128.3M | ||
| Q4 24 | $67.1M | $135.5M | ||
| Q3 24 | $38.6M | $127.5M | ||
| Q2 24 | $27.2M | $132.0M | ||
| Q1 24 | $12.1M | $136.4M |
| Q4 25 | $26.9M | $58.0M | ||
| Q3 25 | $3.9M | $-10.2M | ||
| Q2 25 | $2.1M | $5.6M | ||
| Q1 25 | — | $-29.6M | ||
| Q4 24 | $23.5M | $43.7M | ||
| Q3 24 | $8.5M | $-66.8M | ||
| Q2 24 | $-642.0K | $-48.3M | ||
| Q1 24 | $-8.3M | $37.7M |
| 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% | — |
| Q4 25 | 46.8% | 57.3% | ||
| Q3 25 | 11.4% | -6.2% | ||
| Q2 25 | 5.3% | 7.4% | ||
| Q1 25 | — | -26.9% | ||
| Q4 24 | 38.2% | 36.7% | ||
| Q3 24 | 18.3% | -60.8% | ||
| Q2 24 | -7.4% | -45.5% | ||
| Q1 24 | -90.4% | 47.2% |
| Q4 25 | 40.2% | 48.1% | ||
| Q3 25 | 12.1% | -8.8% | ||
| Q2 25 | 7.3% | 4.1% | ||
| Q1 25 | — | -23.1% | ||
| Q4 24 | 35.0% | 32.3% | ||
| Q3 24 | 22.0% | -52.4% | ||
| Q2 24 | -2.4% | -36.6% | ||
| Q1 24 | -68.3% | 27.6% |
| Q4 25 | $0.49 | $0.22 | ||
| Q3 25 | $0.07 | $-0.15 | ||
| Q2 25 | $0.04 | $-0.05 | ||
| Q1 25 | — | $-0.30 | ||
| Q4 24 | $0.40 | $0.24 | ||
| Q3 24 | $0.15 | $-0.56 | ||
| Q2 24 | $-0.01 | $-0.43 | ||
| Q1 24 | $-0.14 | $0.19 |
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 | $184.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $1.5B |
| Total Assets | $231.5M | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $184.5M | ||
| Q3 25 | $70.4M | $382.6M | ||
| Q2 25 | $79.5M | $309.1M | ||
| Q1 25 | — | $356.6M | ||
| Q4 24 | $78.0M | $217.5M | ||
| Q3 24 | $118.6M | $367.1M | ||
| Q2 24 | $101.0M | $366.5M | ||
| Q1 24 | $117.4M | $541.9M |
| Q4 25 | $206.2M | $1.5B | ||
| Q3 25 | $180.8M | $1.5B | ||
| Q2 25 | $185.2M | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $210.0M | $1.6B | ||
| Q3 24 | $233.9M | $1.6B | ||
| Q2 24 | $218.5M | $1.7B | ||
| Q1 24 | $216.0M | $1.7B |
| Q4 25 | $231.5M | $6.6B | ||
| Q3 25 | $209.6M | $6.7B | ||
| Q2 25 | $212.3M | $6.8B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | $242.8M | $7.0B | ||
| Q3 24 | $262.7M | $7.4B | ||
| Q2 24 | $249.0M | $7.5B | ||
| Q1 24 | $244.3M | $7.7B |
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 | $11.4M |
| Free Cash FlowOCF − Capex | $6.4M | $-55.2M |
| FCF MarginFCF / Revenue | 9.6% | -45.8% |
| Capex IntensityCapex / Revenue | 1.0% | 55.2% |
| Cash ConversionOCF / Net Profit | 0.26× | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $11.4M | ||
| Q3 25 | $-3.1M | $-7.6M | ||
| Q2 25 | $4.1M | $42.0M | ||
| Q1 25 | — | $-51.9M | ||
| Q4 24 | $9.0M | $55.1M | ||
| Q3 24 | $-3.0M | $-5.6M | ||
| Q2 24 | $8.1M | $36.7M | ||
| Q1 24 | $6.5M | $-5.6M |
| Q4 25 | $6.4M | $-55.2M | ||
| Q3 25 | $-3.5M | $-18.0M | ||
| Q2 25 | $4.0M | $29.4M | ||
| Q1 25 | — | $-59.7M | ||
| Q4 24 | $8.9M | $-76.5M | ||
| Q3 24 | $-3.2M | $-27.7M | ||
| Q2 24 | $7.9M | $-500.0K | ||
| Q1 24 | $5.7M | $-57.1M |
| Q4 25 | 9.6% | -45.8% | ||
| Q3 25 | -10.9% | -15.5% | ||
| Q2 25 | 14.3% | 21.7% | ||
| Q1 25 | — | -46.5% | ||
| Q4 24 | 13.2% | -56.5% | ||
| Q3 24 | -8.2% | -21.7% | ||
| Q2 24 | 28.9% | -0.4% | ||
| Q1 24 | 46.9% | -41.9% |
| Q4 25 | 1.0% | 55.2% | ||
| Q3 25 | 1.1% | 8.9% | ||
| Q2 25 | 0.5% | 9.3% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | 0.2% | 97.1% | ||
| Q3 24 | 0.4% | 17.3% | ||
| Q2 24 | 0.7% | 28.2% | ||
| Q1 24 | 6.8% | 37.8% |
| Q4 25 | 0.26× | 0.20× | ||
| Q3 25 | -0.81× | — | ||
| Q2 25 | 2.02× | 7.50× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | 1.26× | ||
| Q3 24 | -0.35× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.15× |
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% |
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
