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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $64.6M, roughly 1.0× MARINE PRODUCTS CORP). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 3.7%, a 36.6% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -0.3%). Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M vs $4.1M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs -3.5%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.
ERII vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $64.6M |
| Net Profit | $26.9M | $2.4M |
| Gross Margin | 67.2% | 19.6% |
| Operating Margin | 46.8% | 5.8% |
| Net Margin | 40.2% | 3.7% |
| Revenue YoY | -0.3% | 35.0% |
| Net Profit YoY | 14.7% | -44.6% |
| EPS (diluted) | $0.49 | $0.07 |
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 | $64.6M | ||
| Q3 25 | $32.0M | $53.1M | ||
| Q2 25 | $28.1M | $67.7M | ||
| Q1 25 | — | $59.0M | ||
| Q4 24 | $67.1M | $47.8M | ||
| Q3 24 | $38.6M | $49.9M | ||
| Q2 24 | $27.2M | $69.5M | ||
| Q1 24 | $12.1M | $69.3M |
| Q4 25 | $26.9M | $2.4M | ||
| Q3 25 | $3.9M | $2.6M | ||
| Q2 25 | $2.1M | $4.2M | ||
| Q1 25 | — | $2.2M | ||
| Q4 24 | $23.5M | $4.3M | ||
| Q3 24 | $8.5M | $3.4M | ||
| Q2 24 | $-642.0K | $5.6M | ||
| Q1 24 | $-8.3M | $4.6M |
| Q4 25 | 67.2% | 19.6% | ||
| Q3 25 | 64.2% | 19.2% | ||
| Q2 25 | 64.0% | 19.1% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | 70.2% | 19.2% | ||
| Q3 24 | 65.1% | 18.4% | ||
| Q2 24 | 64.6% | 18.9% | ||
| Q1 24 | 59.0% | 20.2% |
| Q4 25 | 46.8% | 5.8% | ||
| Q3 25 | 11.4% | 5.4% | ||
| Q2 25 | 5.3% | 7.1% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | 38.2% | 7.7% | ||
| Q3 24 | 18.3% | 7.2% | ||
| Q2 24 | -7.4% | 8.3% | ||
| Q1 24 | -90.4% | 7.6% |
| Q4 25 | 40.2% | 3.7% | ||
| Q3 25 | 12.1% | 5.0% | ||
| Q2 25 | 7.3% | 6.1% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | 35.0% | 8.9% | ||
| Q3 24 | 22.0% | 6.8% | ||
| Q2 24 | -2.4% | 8.0% | ||
| Q1 24 | -68.3% | 6.6% |
| Q4 25 | $0.49 | $0.07 | ||
| Q3 25 | $0.07 | $0.07 | ||
| Q2 25 | $0.04 | $0.12 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | $0.40 | $0.13 | ||
| Q3 24 | $0.15 | $0.10 | ||
| Q2 24 | $-0.01 | $0.14 | ||
| 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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $125.0M |
| Total Assets | $231.5M | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | — | ||
| Q3 25 | $70.4M | — | ||
| Q2 25 | $79.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $78.0M | — | ||
| Q3 24 | $118.6M | — | ||
| Q2 24 | $101.0M | — | ||
| Q1 24 | $117.4M | — |
| Q4 25 | $206.2M | $125.0M | ||
| Q3 25 | $180.8M | $126.3M | ||
| Q2 25 | $185.2M | $127.2M | ||
| Q1 25 | — | $126.4M | ||
| Q4 24 | $210.0M | $129.0M | ||
| Q3 24 | $233.9M | $128.8M | ||
| Q2 24 | $218.5M | $129.3M | ||
| Q1 24 | $216.0M | $151.4M |
| Q4 25 | $231.5M | $147.2M | ||
| Q3 25 | $209.6M | $179.5M | ||
| Q2 25 | $212.3M | $173.2M | ||
| Q1 25 | — | $182.9M | ||
| Q4 24 | $242.8M | $171.2M | ||
| Q3 24 | $262.7M | $176.3M | ||
| Q2 24 | $249.0M | $175.7M | ||
| Q1 24 | $244.3M | $204.0M |
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 | $4.7M |
| Free Cash FlowOCF − Capex | $6.4M | $4.1M |
| FCF MarginFCF / Revenue | 9.6% | 6.4% |
| Capex IntensityCapex / Revenue | 1.0% | 0.9% |
| Cash ConversionOCF / Net Profit | 0.26× | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $4.7M | ||
| Q3 25 | $-3.1M | $2.6M | ||
| Q2 25 | $4.1M | $-1.6M | ||
| Q1 25 | — | $10.8M | ||
| Q4 24 | $9.0M | $4.6M | ||
| Q3 24 | $-3.0M | $5.1M | ||
| Q2 24 | $8.1M | $3.8M | ||
| Q1 24 | $6.5M | $15.9M |
| Q4 25 | $6.4M | $4.1M | ||
| Q3 25 | $-3.5M | $2.1M | ||
| Q2 25 | $4.0M | $-2.0M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | $8.9M | $3.6M | ||
| Q3 24 | $-3.2M | $3.2M | ||
| Q2 24 | $7.9M | $3.0M | ||
| Q1 24 | $5.7M | $15.0M |
| Q4 25 | 9.6% | 6.4% | ||
| Q3 25 | -10.9% | 4.0% | ||
| Q2 25 | 14.3% | -3.0% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | 13.2% | 7.6% | ||
| Q3 24 | -8.2% | 6.5% | ||
| Q2 24 | 28.9% | 4.4% | ||
| Q1 24 | 46.9% | 21.7% |
| Q4 25 | 1.0% | 0.9% | ||
| Q3 25 | 1.1% | 0.8% | ||
| Q2 25 | 0.5% | 0.6% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.2% | 2.1% | ||
| Q3 24 | 0.4% | 3.8% | ||
| Q2 24 | 0.7% | 1.1% | ||
| Q1 24 | 6.8% | 1.3% |
| Q4 25 | 0.26× | 2.00× | ||
| Q3 25 | -0.81× | 0.97× | ||
| Q2 25 | 2.02× | -0.39× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | 0.38× | 1.09× | ||
| Q3 24 | -0.35× | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 3.46× |
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% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
