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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.
MEDALLION FINANCIAL CORP is the larger business by last-quarter revenue ($70.6M vs $66.9M, roughly 1.1× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 17.3%, a 23.0% gap on every dollar of revenue. On growth, MEDALLION FINANCIAL CORP posted the faster year-over-year revenue change (25.4% vs -0.3%). Over the past eight quarters, MEDALLION FINANCIAL CORP's revenue compounded faster (15.0% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.
ERII vs MFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $70.6M |
| Net Profit | $26.9M | $12.2M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | 29.3% |
| Net Margin | 40.2% | 17.3% |
| Revenue YoY | -0.3% | 25.4% |
| Net Profit YoY | 14.7% | 20.3% |
| EPS (diluted) | $0.49 | $0.50 |
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 | $70.6M | ||
| Q3 25 | $32.0M | $58.7M | ||
| Q2 25 | $28.1M | $62.6M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | $67.1M | $56.3M | ||
| Q3 24 | $38.6M | $53.3M | ||
| Q2 24 | $27.2M | $51.0M | ||
| Q1 24 | $12.1M | $53.3M |
| Q4 25 | $26.9M | $12.2M | ||
| Q3 25 | $3.9M | $7.8M | ||
| Q2 25 | $2.1M | $11.1M | ||
| Q1 25 | — | $12.0M | ||
| Q4 24 | $23.5M | $10.1M | ||
| Q3 24 | $8.5M | $8.6M | ||
| Q2 24 | $-642.0K | $7.1M | ||
| Q1 24 | $-8.3M | $10.0M |
| 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% | 29.3% | ||
| Q3 25 | 11.4% | 33.2% | ||
| Q2 25 | 5.3% | 31.1% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | 38.2% | 32.8% | ||
| Q3 24 | 18.3% | 26.6% | ||
| Q2 24 | -7.4% | 24.3% | ||
| Q1 24 | -90.4% | 33.6% |
| Q4 25 | 40.2% | 17.3% | ||
| Q3 25 | 12.1% | 13.2% | ||
| Q2 25 | 7.3% | 17.7% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | 35.0% | 18.0% | ||
| Q3 24 | 22.0% | 16.1% | ||
| Q2 24 | -2.4% | 13.9% | ||
| Q1 24 | -68.3% | 18.8% |
| Q4 25 | $0.49 | $0.50 | ||
| Q3 25 | $0.07 | $0.32 | ||
| Q2 25 | $0.04 | $0.46 | ||
| Q1 25 | — | $0.50 | ||
| Q4 24 | $0.40 | $0.43 | ||
| Q3 24 | $0.15 | $0.37 | ||
| Q2 24 | $-0.01 | $0.30 | ||
| Q1 24 | $-0.14 | $0.42 |
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 | $136.3M |
| Total DebtLower is stronger | — | $216.0M |
| Stockholders' EquityBook value | $206.2M | $408.6M |
| Total Assets | $231.5M | $3.0B |
| Debt / EquityLower = less leverage | — | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $136.3M | ||
| Q3 25 | $70.4M | $72.5M | ||
| Q2 25 | $79.5M | $110.4M | ||
| Q1 25 | — | $131.5M | ||
| Q4 24 | $78.0M | $98.2M | ||
| Q3 24 | $118.6M | $120.6M | ||
| Q2 24 | $101.0M | $87.7M | ||
| Q1 24 | $117.4M | $54.8M |
| Q4 25 | — | $216.0M | ||
| Q3 25 | — | $215.7M | ||
| Q2 25 | — | $199.9M | ||
| Q1 25 | — | $199.7M | ||
| Q4 24 | — | $232.2M | ||
| Q3 24 | — | $232.0M | ||
| Q2 24 | — | $230.8M | ||
| Q1 24 | — | $225.6M |
| Q4 25 | $206.2M | $408.6M | ||
| Q3 25 | $180.8M | $397.4M | ||
| Q2 25 | $185.2M | $389.9M | ||
| Q1 25 | — | $380.2M | ||
| Q4 24 | $210.0M | $370.2M | ||
| Q3 24 | $233.9M | $362.4M | ||
| Q2 24 | $218.5M | $354.0M | ||
| Q1 24 | $216.0M | $349.0M |
| Q4 25 | $231.5M | $3.0B | ||
| Q3 25 | $209.6M | $2.9B | ||
| Q2 25 | $212.3M | $2.9B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $242.8M | $2.9B | ||
| Q3 24 | $262.7M | $2.9B | ||
| Q2 24 | $249.0M | $2.8B | ||
| Q1 24 | $244.3M | $2.6B |
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.65× |
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 | — |
| FCF MarginFCF / Revenue | 9.6% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | 0.26× | 10.35× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $126.3M | ||
| Q3 25 | $-3.1M | $67.0M | ||
| Q2 25 | $4.1M | $-10.7M | ||
| Q1 25 | — | $36.3M | ||
| Q4 24 | $9.0M | $108.7M | ||
| Q3 24 | $-3.0M | $24.6M | ||
| Q2 24 | $8.1M | $27.6M | ||
| Q1 24 | $6.5M | $32.3M |
| Q4 25 | $6.4M | — | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $7.9M | — | ||
| Q1 24 | $5.7M | — |
| Q4 25 | 9.6% | — | ||
| Q3 25 | -10.9% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 28.9% | — | ||
| Q1 24 | 46.9% | — |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 6.8% | — |
| Q4 25 | 0.26× | 10.35× | ||
| Q3 25 | -0.81× | 8.63× | ||
| Q2 25 | 2.02× | -0.97× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | 0.38× | 10.72× | ||
| Q3 24 | -0.35× | 2.86× | ||
| Q2 24 | — | 3.89× | ||
| Q1 24 | — | 3.22× |
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% |
MFIN
Segment breakdown not available.
