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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and N-able, Inc. (NABL). Click either name above to swap in a different company.
N-able, Inc. is the larger business by last-quarter revenue ($130.3M vs $66.9M, roughly 1.9× Energy Recovery, Inc.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs -0.3%). N-able, Inc. produced more free cash flow last quarter ($20.9M vs $6.4M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs 7.0%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.
ERII vs NABL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $130.3M |
| Net Profit | $26.9M | — |
| Gross Margin | 67.2% | 76.2% |
| Operating Margin | 46.8% | 10.2% |
| Net Margin | 40.2% | — |
| Revenue YoY | -0.3% | 11.8% |
| Net Profit YoY | 14.7% | — |
| EPS (diluted) | $0.49 | $-0.04 |
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 | $130.3M | ||
| Q3 25 | $32.0M | $131.7M | ||
| Q2 25 | $28.1M | $131.2M | ||
| Q1 25 | — | $118.2M | ||
| Q4 24 | $67.1M | $116.5M | ||
| Q3 24 | $38.6M | $116.4M | ||
| Q2 24 | $27.2M | $119.4M | ||
| Q1 24 | $12.1M | $113.7M |
| Q4 25 | $26.9M | — | ||
| Q3 25 | $3.9M | $1.4M | ||
| Q2 25 | $2.1M | $-4.0M | ||
| Q1 25 | — | $-7.2M | ||
| Q4 24 | $23.5M | — | ||
| Q3 24 | $8.5M | $10.8M | ||
| Q2 24 | $-642.0K | $9.5M | ||
| Q1 24 | $-8.3M | $7.5M |
| Q4 25 | 67.2% | 76.2% | ||
| Q3 25 | 64.2% | 77.5% | ||
| Q2 25 | 64.0% | 78.1% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | 70.2% | 80.0% | ||
| Q3 24 | 65.1% | 82.9% | ||
| Q2 24 | 64.6% | 84.0% | ||
| Q1 24 | 59.0% | 83.9% |
| Q4 25 | 46.8% | 10.2% | ||
| Q3 25 | 11.4% | 8.8% | ||
| Q2 25 | 5.3% | 7.7% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | 38.2% | 13.7% | ||
| Q3 24 | 18.3% | 20.5% | ||
| Q2 24 | -7.4% | 18.4% | ||
| Q1 24 | -90.4% | 18.0% |
| Q4 25 | 40.2% | — | ||
| Q3 25 | 12.1% | 1.1% | ||
| Q2 25 | 7.3% | -3.1% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | 35.0% | — | ||
| Q3 24 | 22.0% | 9.2% | ||
| Q2 24 | -2.4% | 7.9% | ||
| Q1 24 | -68.3% | 6.6% |
| Q4 25 | $0.49 | $-0.04 | ||
| Q3 25 | $0.07 | $0.01 | ||
| Q2 25 | $0.04 | $-0.02 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | $0.40 | $0.01 | ||
| Q3 24 | $0.15 | $0.06 | ||
| Q2 24 | $-0.01 | $0.05 | ||
| Q1 24 | $-0.14 | $0.04 |
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 | $111.8M |
| Total DebtLower is stronger | — | $393.9M |
| Stockholders' EquityBook value | $206.2M | $804.7M |
| Total Assets | $231.5M | $1.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $111.8M | ||
| Q3 25 | $70.4M | $101.4M | ||
| Q2 25 | $79.5M | $93.9M | ||
| Q1 25 | — | $94.1M | ||
| Q4 24 | $78.0M | $85.2M | ||
| Q3 24 | $118.6M | $174.4M | ||
| Q2 24 | $101.0M | $157.5M | ||
| Q1 24 | $117.4M | $139.2M |
| Q4 25 | — | $393.9M | ||
| Q3 25 | — | $331.7M | ||
| Q2 25 | — | $332.1M | ||
| Q1 25 | — | $332.6M | ||
| Q4 24 | — | $333.1M | ||
| Q3 24 | — | $333.6M | ||
| Q2 24 | — | $334.1M | ||
| Q1 24 | — | $334.5M |
| Q4 25 | $206.2M | $804.7M | ||
| Q3 25 | $180.8M | $813.4M | ||
| Q2 25 | $185.2M | $809.4M | ||
| Q1 25 | — | $775.1M | ||
| Q4 24 | $210.0M | $759.3M | ||
| Q3 24 | $233.9M | $765.0M | ||
| Q2 24 | $218.5M | $724.4M | ||
| Q1 24 | $216.0M | $709.1M |
| Q4 25 | $231.5M | $1.4B | ||
| Q3 25 | $209.6M | $1.4B | ||
| Q2 25 | $212.3M | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $242.8M | $1.3B | ||
| Q3 24 | $262.7M | $1.2B | ||
| Q2 24 | $249.0M | $1.2B | ||
| Q1 24 | $244.3M | $1.1B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.47× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | $6.4M | $20.9M |
| FCF MarginFCF / Revenue | 9.6% | 16.0% |
| Capex IntensityCapex / Revenue | 1.0% | 3.4% |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $75.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $25.3M | ||
| Q3 25 | $-3.1M | $24.0M | ||
| Q2 25 | $4.1M | $24.2M | ||
| Q1 25 | — | $19.7M | ||
| Q4 24 | $9.0M | $26.0M | ||
| Q3 24 | $-3.0M | $22.0M | ||
| Q2 24 | $8.1M | $27.3M | ||
| Q1 24 | $6.5M | $4.2M |
| Q4 25 | $6.4M | $20.9M | ||
| Q3 25 | $-3.5M | $17.4M | ||
| Q2 25 | $4.0M | $20.4M | ||
| Q1 25 | — | $16.4M | ||
| Q4 24 | $8.9M | $18.8M | ||
| Q3 24 | $-3.2M | $18.2M | ||
| Q2 24 | $7.9M | $24.0M | ||
| Q1 24 | $5.7M | $746.0K |
| Q4 25 | 9.6% | 16.0% | ||
| Q3 25 | -10.9% | 13.2% | ||
| Q2 25 | 14.3% | 15.5% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | 13.2% | 16.2% | ||
| Q3 24 | -8.2% | 15.7% | ||
| Q2 24 | 28.9% | 20.1% | ||
| Q1 24 | 46.9% | 0.7% |
| Q4 25 | 1.0% | 3.4% | ||
| Q3 25 | 1.1% | 5.0% | ||
| Q2 25 | 0.5% | 2.9% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | 0.2% | 6.1% | ||
| Q3 24 | 0.4% | 3.2% | ||
| Q2 24 | 0.7% | 2.7% | ||
| Q1 24 | 6.8% | 3.0% |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | 17.36× | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 2.04× | ||
| Q2 24 | — | 2.89× | ||
| Q1 24 | — | 0.56× |
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% |
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
