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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and NATURES SUNSHINE PRODUCTS INC (NATR). Click either name above to swap in a different company.
NATURES SUNSHINE PRODUCTS INC is the larger business by last-quarter revenue ($123.8M vs $66.9M, roughly 1.9× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 3.3%, a 36.9% gap on every dollar of revenue. On growth, NATURES SUNSHINE PRODUCTS INC posted the faster year-over-year revenue change (4.7% vs -0.3%). NATURES SUNSHINE PRODUCTS INC produced more free cash flow last quarter ($7.6M vs $6.4M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs 5.6%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Nature's Sunshine Products, Inc. also known as "NSP", is a manufacturer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.
ERII vs NATR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $123.8M |
| Net Profit | $26.9M | $4.1M |
| Gross Margin | 67.2% | 72.5% |
| Operating Margin | 46.8% | 4.3% |
| Net Margin | 40.2% | 3.3% |
| Revenue YoY | -0.3% | 4.7% |
| Net Profit YoY | 14.7% | 1379.4% |
| EPS (diluted) | $0.49 | $0.23 |
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 | $123.8M | ||
| Q3 25 | $32.0M | $128.3M | ||
| Q2 25 | $28.1M | $114.8M | ||
| Q1 25 | — | $113.2M | ||
| Q4 24 | $67.1M | $118.2M | ||
| Q3 24 | $38.6M | $114.6M | ||
| Q2 24 | $27.2M | $110.6M | ||
| Q1 24 | $12.1M | $111.0M |
| Q4 25 | $26.9M | $4.1M | ||
| Q3 25 | $3.9M | $5.3M | ||
| Q2 25 | $2.1M | $5.3M | ||
| Q1 25 | — | $4.7M | ||
| Q4 24 | $23.5M | $-321.0K | ||
| Q3 24 | $8.5M | $4.3M | ||
| Q2 24 | $-642.0K | $1.3M | ||
| Q1 24 | $-8.3M | $2.3M |
| Q4 25 | 67.2% | 72.5% | ||
| Q3 25 | 64.2% | 73.3% | ||
| Q2 25 | 64.0% | 71.7% | ||
| Q1 25 | — | 72.1% | ||
| Q4 24 | 70.2% | 72.0% | ||
| Q3 24 | 65.1% | 71.3% | ||
| Q2 24 | 64.6% | 71.4% | ||
| Q1 24 | 59.0% | 71.2% |
| Q4 25 | 46.8% | 4.3% | ||
| Q3 25 | 11.4% | 7.0% | ||
| Q2 25 | 5.3% | 3.7% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | 38.2% | 3.8% | ||
| Q3 24 | 18.3% | 4.6% | ||
| Q2 24 | -7.4% | 5.1% | ||
| Q1 24 | -90.4% | 4.2% |
| Q4 25 | 40.2% | 3.3% | ||
| Q3 25 | 12.1% | 4.2% | ||
| Q2 25 | 7.3% | 4.6% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | 35.0% | -0.3% | ||
| Q3 24 | 22.0% | 3.8% | ||
| Q2 24 | -2.4% | 1.2% | ||
| Q1 24 | -68.3% | 2.1% |
| Q4 25 | $0.49 | $0.23 | ||
| Q3 25 | $0.07 | $0.30 | ||
| Q2 25 | $0.04 | $0.28 | ||
| Q1 25 | — | $0.25 | ||
| Q4 24 | $0.40 | $-0.02 | ||
| Q3 24 | $0.15 | $0.23 | ||
| Q2 24 | $-0.01 | $0.07 | ||
| Q1 24 | $-0.14 | $0.12 |
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 | $93.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $161.6M |
| Total Assets | $231.5M | $261.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $93.9M | ||
| Q3 25 | $70.4M | $95.6M | ||
| Q2 25 | $79.5M | $81.3M | ||
| Q1 25 | — | $86.5M | ||
| Q4 24 | $78.0M | $84.7M | ||
| Q3 24 | $118.6M | $78.7M | ||
| Q2 24 | $101.0M | $68.7M | ||
| Q1 24 | $117.4M | $77.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.1M |
| Q4 25 | $206.2M | $161.6M | ||
| Q3 25 | $180.8M | $166.7M | ||
| Q2 25 | $185.2M | $163.7M | ||
| Q1 25 | — | $167.1M | ||
| Q4 24 | $210.0M | $161.0M | ||
| Q3 24 | $233.9M | $162.6M | ||
| Q2 24 | $218.5M | $156.4M | ||
| Q1 24 | $216.0M | $159.7M |
| Q4 25 | $231.5M | $261.1M | ||
| Q3 25 | $209.6M | $264.8M | ||
| Q2 25 | $212.3M | $254.9M | ||
| Q1 25 | — | $252.7M | ||
| Q4 24 | $242.8M | $240.9M | ||
| Q3 24 | $262.7M | $245.3M | ||
| Q2 24 | $249.0M | $235.8M | ||
| Q1 24 | $244.3M | $247.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.01× |
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 | $9.9M |
| Free Cash FlowOCF − Capex | $6.4M | $7.6M |
| FCF MarginFCF / Revenue | 9.6% | 6.1% |
| Capex IntensityCapex / Revenue | 1.0% | 1.9% |
| Cash ConversionOCF / Net Profit | 0.26× | 2.41× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $28.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $9.9M | ||
| Q3 25 | $-3.1M | $18.5M | ||
| Q2 25 | $4.1M | $4.3M | ||
| Q1 25 | — | $2.6M | ||
| Q4 24 | $9.0M | $12.2M | ||
| Q3 24 | $-3.0M | $9.6M | ||
| Q2 24 | $8.1M | $1.3M | ||
| Q1 24 | $6.5M | $2.2M |
| Q4 25 | $6.4M | $7.6M | ||
| Q3 25 | $-3.5M | $16.8M | ||
| Q2 25 | $4.0M | $3.0M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | $8.9M | $10.0M | ||
| Q3 24 | $-3.2M | $7.9M | ||
| Q2 24 | $7.9M | $-2.0M | ||
| Q1 24 | $5.7M | $-1.5M |
| Q4 25 | 9.6% | 6.1% | ||
| Q3 25 | -10.9% | 13.1% | ||
| Q2 25 | 14.3% | 2.6% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 13.2% | 8.5% | ||
| Q3 24 | -8.2% | 6.9% | ||
| Q2 24 | 28.9% | -1.9% | ||
| Q1 24 | 46.9% | -1.4% |
| Q4 25 | 1.0% | 1.9% | ||
| Q3 25 | 1.1% | 1.3% | ||
| Q2 25 | 0.5% | 1.2% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | 0.2% | 1.9% | ||
| Q3 24 | 0.4% | 1.5% | ||
| Q2 24 | 0.7% | 3.0% | ||
| Q1 24 | 6.8% | 3.3% |
| Q4 25 | 0.26× | 2.41× | ||
| Q3 25 | -0.81× | 3.46× | ||
| Q2 25 | 2.02× | 0.81× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 2.21× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.94× |
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% |
NATR
| Other | $68.1M | 55% |
| General Health Products | $20.2M | 16% |
| Digestive Products | $13.8M | 11% |
| Cardiovascular Products | $12.1M | 10% |
| Personal Care Products | $4.4M | 4% |
| Immunity Products | $3.1M | 3% |
| Weight Management Products | $2.1M | 2% |
