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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and WM TECHNOLOGY, INC. (MAPS). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $43.1M, roughly 1.6× WM TECHNOLOGY, INC.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -8.3%, a 48.5% gap on every dollar of revenue. On growth, Energy Recovery, Inc. posted the faster year-over-year revenue change (-0.3% vs -9.7%). Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M vs $-280.0K). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs -1.5%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
WM Entertainment is a South Korean entertainment company established in 2008 by former singer Lee Won-min. The company is responsible for managing artist Oh My Girl. On April 7, 2021, the company was acquired by RBW.
ERII vs MAPS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $43.1M |
| Net Profit | $26.9M | $-3.6M |
| Gross Margin | 67.2% | 94.9% |
| Operating Margin | 46.8% | -13.5% |
| Net Margin | 40.2% | -8.3% |
| Revenue YoY | -0.3% | -9.7% |
| Net Profit YoY | 14.7% | -251.9% |
| EPS (diluted) | $0.49 | — |
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 | $43.1M | ||
| Q3 25 | $32.0M | $42.2M | ||
| Q2 25 | $28.1M | $44.8M | ||
| Q1 25 | — | $44.6M | ||
| Q4 24 | $67.1M | $47.7M | ||
| Q3 24 | $38.6M | $46.6M | ||
| Q2 24 | $27.2M | $45.9M | ||
| Q1 24 | $12.1M | $44.4M |
| Q4 25 | $26.9M | $-3.6M | ||
| Q3 25 | $3.9M | $2.5M | ||
| Q2 25 | $2.1M | $1.4M | ||
| Q1 25 | — | $1.6M | ||
| Q4 24 | $23.5M | $2.4M | ||
| Q3 24 | $8.5M | $3.3M | ||
| Q2 24 | $-642.0K | $716.0K | ||
| Q1 24 | $-8.3M | $1.2M |
| Q4 25 | 67.2% | 94.9% | ||
| Q3 25 | 64.2% | 95.0% | ||
| Q2 25 | 64.0% | 94.9% | ||
| Q1 25 | — | 95.0% | ||
| Q4 24 | 70.2% | 95.2% | ||
| Q3 24 | 65.1% | 95.3% | ||
| Q2 24 | 64.6% | 95.1% | ||
| Q1 24 | 59.0% | 94.8% |
| Q4 25 | 46.8% | -13.5% | ||
| Q3 25 | 11.4% | 4.6% | ||
| Q2 25 | 5.3% | 4.4% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | 38.2% | 9.6% | ||
| Q3 24 | 18.3% | 11.2% | ||
| Q2 24 | -7.4% | 2.7% | ||
| Q1 24 | -90.4% | 8.5% |
| Q4 25 | 40.2% | -8.3% | ||
| Q3 25 | 12.1% | 5.8% | ||
| Q2 25 | 7.3% | 3.2% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | 35.0% | 4.9% | ||
| Q3 24 | 22.0% | 7.2% | ||
| Q2 24 | -2.4% | 1.6% | ||
| Q1 24 | -68.3% | 2.8% |
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.04 | — | ||
| Q1 25 | — | $0.02 | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $0.15 | — | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-0.14 | $0.01 |
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 | $62.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $57.2M |
| Total Assets | $231.5M | $190.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $62.4M | ||
| Q3 25 | $70.4M | — | ||
| Q2 25 | $79.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $78.0M | $52.0M | ||
| Q3 24 | $118.6M | — | ||
| Q2 24 | $101.0M | — | ||
| Q1 24 | $117.4M | — |
| Q4 25 | $206.2M | $57.2M | ||
| Q3 25 | $180.8M | $56.9M | ||
| Q2 25 | $185.2M | $52.7M | ||
| Q1 25 | — | $48.5M | ||
| Q4 24 | $210.0M | $36.1M | ||
| Q3 24 | $233.9M | $29.5M | ||
| Q2 24 | $218.5M | $24.5M | ||
| Q1 24 | $216.0M | $20.8M |
| Q4 25 | $231.5M | $190.7M | ||
| Q3 25 | $209.6M | $192.9M | ||
| Q2 25 | $212.3M | $188.1M | ||
| Q1 25 | — | $183.8M | ||
| Q4 24 | $242.8M | $181.9M | ||
| Q3 24 | $262.7M | $173.6M | ||
| Q2 24 | $249.0M | $168.0M | ||
| Q1 24 | $244.3M | $165.8M |
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 | $3.0M |
| Free Cash FlowOCF − Capex | $6.4M | $-280.0K |
| FCF MarginFCF / Revenue | 9.6% | -0.7% |
| Capex IntensityCapex / Revenue | 1.0% | 7.7% |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $13.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $3.0M | ||
| Q3 25 | $-3.1M | $6.4M | ||
| Q2 25 | $4.1M | $11.1M | ||
| Q1 25 | — | $5.7M | ||
| Q4 24 | $9.0M | $9.4M | ||
| Q3 24 | $-3.0M | $7.2M | ||
| Q2 24 | $8.1M | $12.7M | ||
| Q1 24 | $6.5M | $7.4M |
| Q4 25 | $6.4M | $-280.0K | ||
| Q3 25 | $-3.5M | $3.6M | ||
| Q2 25 | $4.0M | $8.2M | ||
| Q1 25 | — | $2.0M | ||
| Q4 24 | $8.9M | $7.3M | ||
| Q3 24 | $-3.2M | $4.9M | ||
| Q2 24 | $7.9M | $10.1M | ||
| Q1 24 | $5.7M | $2.9M |
| Q4 25 | 9.6% | -0.7% | ||
| Q3 25 | -10.9% | 8.4% | ||
| Q2 25 | 14.3% | 18.3% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | 13.2% | 15.2% | ||
| Q3 24 | -8.2% | 10.4% | ||
| Q2 24 | 28.9% | 21.9% | ||
| Q1 24 | 46.9% | 6.4% |
| Q4 25 | 1.0% | 7.7% | ||
| Q3 25 | 1.1% | 6.8% | ||
| Q2 25 | 0.5% | 6.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | 0.2% | 4.5% | ||
| Q3 24 | 0.4% | 5.1% | ||
| Q2 24 | 0.7% | 5.7% | ||
| Q1 24 | 6.8% | 10.2% |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | 2.61× | ||
| Q2 25 | 2.02× | 7.75× | ||
| Q1 25 | — | 3.44× | ||
| Q4 24 | 0.38× | 4.00× | ||
| Q3 24 | -0.35× | 2.17× | ||
| Q2 24 | — | 17.67× | ||
| Q1 24 | — | 5.97× |
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% |
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
