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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $56.8M, roughly 1.2× LandBridge Co LLC). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 14.2%, a 26.1% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs -0.3%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $6.4M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
ERII vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $56.8M |
| Net Profit | $26.9M | $8.1M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | 60.0% |
| Net Margin | 40.2% | 14.2% |
| Revenue YoY | -0.3% | 55.6% |
| Net Profit YoY | 14.7% | -83.7% |
| EPS (diluted) | $0.49 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $32.0M | $50.8M | ||
| Q2 25 | $28.1M | $47.5M | ||
| Q1 25 | — | $44.0M | ||
| Q4 24 | $67.1M | $36.5M | ||
| Q3 24 | $38.6M | $28.5M | ||
| Q2 24 | $27.2M | $26.0M | ||
| Q1 24 | $12.1M | $19.0M |
| Q4 25 | $26.9M | $8.1M | ||
| Q3 25 | $3.9M | $8.1M | ||
| Q2 25 | $2.1M | $7.5M | ||
| Q1 25 | — | $6.5M | ||
| Q4 24 | $23.5M | $49.3M | ||
| Q3 24 | $8.5M | $2.7M | ||
| Q2 24 | $-642.0K | $-57.7M | ||
| Q1 24 | $-8.3M | $10.8M |
| 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% | 60.0% | ||
| Q3 25 | 11.4% | 60.8% | ||
| Q2 25 | 5.3% | 60.0% | ||
| Q1 25 | — | 57.0% | ||
| Q4 24 | 38.2% | 49.4% | ||
| Q3 24 | 18.3% | 11.2% | ||
| Q2 24 | -7.4% | -197.4% | ||
| Q1 24 | -90.4% | 71.1% |
| Q4 25 | 40.2% | 14.2% | ||
| Q3 25 | 12.1% | 15.9% | ||
| Q2 25 | 7.3% | 15.8% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | 35.0% | 135.2% | ||
| Q3 24 | 22.0% | 9.3% | ||
| Q2 24 | -2.4% | -222.1% | ||
| Q1 24 | -68.3% | 56.7% |
| Q4 25 | $0.49 | $0.24 | ||
| Q3 25 | $0.07 | $0.26 | ||
| Q2 25 | $0.04 | $0.24 | ||
| Q1 25 | — | $0.20 | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $0.15 | $-0.04 | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-0.14 | — |
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 | $30.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $206.2M | $340.3M |
| Total Assets | $231.5M | $1.4B |
| Debt / EquityLower = less leverage | — | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $30.7M | ||
| Q3 25 | $70.4M | $28.3M | ||
| Q2 25 | $79.5M | $20.3M | ||
| Q1 25 | — | $14.9M | ||
| Q4 24 | $78.0M | $37.0M | ||
| Q3 24 | $118.6M | $14.4M | ||
| Q2 24 | $101.0M | $24.6M | ||
| Q1 24 | $117.4M | — |
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $366.1M | ||
| Q2 25 | — | $370.9M | ||
| Q1 25 | — | $375.5M | ||
| Q4 24 | — | $385.5M | ||
| Q3 24 | — | $242.4M | ||
| Q2 24 | — | $360.8M | ||
| Q1 24 | — | — |
| Q4 25 | $206.2M | $340.3M | ||
| Q3 25 | $180.8M | $272.0M | ||
| Q2 25 | $185.2M | $266.4M | ||
| Q1 25 | — | $217.0M | ||
| Q4 24 | $210.0M | $211.8M | ||
| Q3 24 | $233.9M | $97.2M | ||
| Q2 24 | $218.5M | $296.4M | ||
| Q1 24 | $216.0M | $162.3M |
| Q4 25 | $231.5M | $1.4B | ||
| Q3 25 | $209.6M | $1.1B | ||
| Q2 25 | $212.3M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $242.8M | $1.0B | ||
| Q3 24 | $262.7M | $689.9M | ||
| Q2 24 | $249.0M | $710.5M | ||
| Q1 24 | $244.3M | — |
| Q4 25 | — | 1.68× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.39× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 1.82× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | — | 1.22× | ||
| Q1 24 | — | — |
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 | $126.3M |
| Free Cash FlowOCF − Capex | $6.4M | $122.0M |
| FCF MarginFCF / Revenue | 9.6% | 214.9% |
| Capex IntensityCapex / Revenue | 1.0% | 7.5% |
| Cash ConversionOCF / Net Profit | 0.26× | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $126.3M | ||
| Q3 25 | $-3.1M | $34.9M | ||
| Q2 25 | $4.1M | $37.3M | ||
| Q1 25 | — | $15.9M | ||
| Q4 24 | $9.0M | $67.6M | ||
| Q3 24 | $-3.0M | $7.5M | ||
| Q2 24 | $8.1M | $16.0M | ||
| Q1 24 | $6.5M | $17.2M |
| Q4 25 | $6.4M | $122.0M | ||
| Q3 25 | $-3.5M | $33.7M | ||
| Q2 25 | $4.0M | $36.1M | ||
| Q1 25 | — | $15.8M | ||
| Q4 24 | $8.9M | $66.7M | ||
| Q3 24 | $-3.2M | $7.1M | ||
| Q2 24 | $7.9M | $15.7M | ||
| Q1 24 | $5.7M | $17.1M |
| Q4 25 | 9.6% | 214.9% | ||
| Q3 25 | -10.9% | 66.3% | ||
| Q2 25 | 14.3% | 75.9% | ||
| Q1 25 | — | 36.0% | ||
| Q4 24 | 13.2% | 182.6% | ||
| Q3 24 | -8.2% | 25.1% | ||
| Q2 24 | 28.9% | 60.4% | ||
| Q1 24 | 46.9% | 90.1% |
| Q4 25 | 1.0% | 7.5% | ||
| Q3 25 | 1.1% | 2.3% | ||
| Q2 25 | 0.5% | 2.6% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.2% | 2.7% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.7% | 1.4% | ||
| Q1 24 | 6.8% | 0.5% |
| Q4 25 | 0.26× | 15.68× | ||
| Q3 25 | -0.81× | 4.31× | ||
| Q2 25 | 2.02× | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | 0.38× | 1.37× | ||
| Q3 24 | -0.35× | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.60× |
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% |
LB
Segment breakdown not available.
