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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $66.9M, roughly 1.6× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -12.5%, a 52.7% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs -0.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $6.4M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs 3.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
ERII vs OLPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $105.1M |
| Net Profit | $26.9M | $-13.1M |
| Gross Margin | 67.2% | 68.0% |
| Operating Margin | 46.8% | -4.3% |
| Net Margin | 40.2% | -12.5% |
| Revenue YoY | -0.3% | 4.3% |
| Net Profit YoY | 14.7% | -48.9% |
| EPS (diluted) | $0.49 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $32.0M | $114.6M | ||
| Q2 25 | $28.1M | $106.3M | ||
| Q1 25 | — | $97.0M | ||
| Q4 24 | $67.1M | $100.7M | ||
| Q3 24 | $38.6M | $119.1M | ||
| Q2 24 | $27.2M | $103.9M | ||
| Q1 24 | $12.1M | $98.9M |
| Q4 25 | $26.9M | $-13.1M | ||
| Q3 25 | $3.9M | $11.1M | ||
| Q2 25 | $2.1M | $-7.7M | ||
| Q1 25 | — | $465.0K | ||
| Q4 24 | $23.5M | $-8.8M | ||
| Q3 24 | $8.5M | $14.8M | ||
| Q2 24 | $-642.0K | $5.8M | ||
| Q1 24 | $-8.3M | $7.7M |
| Q4 25 | 67.2% | 68.0% | ||
| Q3 25 | 64.2% | 69.1% | ||
| Q2 25 | 64.0% | 71.2% | ||
| Q1 25 | — | 69.5% | ||
| Q4 24 | 70.2% | 66.3% | ||
| Q3 24 | 65.1% | 68.6% | ||
| Q2 24 | 64.6% | 69.7% | ||
| Q1 24 | 59.0% | 72.1% |
| Q4 25 | 46.8% | -4.3% | ||
| Q3 25 | 11.4% | 3.7% | ||
| Q2 25 | 5.3% | -1.1% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | 38.2% | 3.0% | ||
| Q3 24 | 18.3% | 23.5% | ||
| Q2 24 | -7.4% | 15.7% | ||
| Q1 24 | -90.4% | 19.8% |
| Q4 25 | 40.2% | -12.5% | ||
| Q3 25 | 12.1% | 9.7% | ||
| Q2 25 | 7.3% | -7.3% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 35.0% | -8.7% | ||
| Q3 24 | 22.0% | 12.4% | ||
| Q2 24 | -2.4% | 5.6% | ||
| Q1 24 | -68.3% | 7.8% |
| Q4 25 | $0.49 | $-0.02 | ||
| Q3 25 | $0.07 | $0.02 | ||
| Q2 25 | $0.04 | $-0.01 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | $0.40 | $-0.01 | ||
| Q3 24 | $0.15 | $0.02 | ||
| Q2 24 | $-0.01 | $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 | $318.7M |
| Total DebtLower is stronger | — | $352.3M |
| Stockholders' EquityBook value | $206.2M | $879.4M |
| Total Assets | $231.5M | $1.5B |
| Debt / EquityLower = less leverage | — | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $318.7M | ||
| Q3 25 | $70.4M | $286.4M | ||
| Q2 25 | $79.5M | $289.3M | ||
| Q1 25 | — | $580.9M | ||
| Q4 24 | $78.0M | $586.0M | ||
| Q3 24 | $118.6M | $538.8M | ||
| Q2 24 | $101.0M | $507.9M | ||
| Q1 24 | $117.4M | $507.5M |
| Q4 25 | — | $352.3M | ||
| Q3 25 | — | $352.1M | ||
| Q2 25 | — | $351.9M | ||
| Q1 25 | — | $649.1M | ||
| Q4 24 | — | $650.5M | ||
| Q3 24 | — | $651.8M | ||
| Q2 24 | — | $653.1M | ||
| Q1 24 | — | $654.4M |
| Q4 25 | $206.2M | $879.4M | ||
| Q3 25 | $180.8M | $888.7M | ||
| Q2 25 | $185.2M | $874.2M | ||
| Q1 25 | — | $878.3M | ||
| Q4 24 | $210.0M | $874.4M | ||
| Q3 24 | $233.9M | $879.7M | ||
| Q2 24 | $218.5M | $863.3M | ||
| Q1 24 | $216.0M | $855.7M |
| Q4 25 | $231.5M | $1.5B | ||
| Q3 25 | $209.6M | $1.5B | ||
| Q2 25 | $212.3M | $1.5B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $242.8M | $1.8B | ||
| Q3 24 | $262.7M | $1.8B | ||
| Q2 24 | $249.0M | $1.8B | ||
| Q1 24 | $244.3M | $1.8B |
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $6.4M | $32.6M |
| FCF MarginFCF / Revenue | 9.6% | 31.0% |
| Capex IntensityCapex / Revenue | 1.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $32.7M | ||
| Q3 25 | $-3.1M | $8.0M | ||
| Q2 25 | $4.1M | $20.9M | ||
| Q1 25 | — | $-2.9M | ||
| Q4 24 | $9.0M | $49.7M | ||
| Q3 24 | $-3.0M | $33.5M | ||
| Q2 24 | $8.1M | $16.2M | ||
| Q1 24 | $6.5M | $43.7M |
| Q4 25 | $6.4M | $32.6M | ||
| Q3 25 | $-3.5M | $7.9M | ||
| Q2 25 | $4.0M | $20.8M | ||
| Q1 25 | — | $-3.0M | ||
| Q4 24 | $8.9M | $49.2M | ||
| Q3 24 | $-3.2M | $33.3M | ||
| Q2 24 | $7.9M | $16.1M | ||
| Q1 24 | $5.7M | $43.3M |
| Q4 25 | 9.6% | 31.0% | ||
| Q3 25 | -10.9% | 6.9% | ||
| Q2 25 | 14.3% | 19.6% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | 13.2% | 48.9% | ||
| Q3 24 | -8.2% | 28.0% | ||
| Q2 24 | 28.9% | 15.5% | ||
| Q1 24 | 46.9% | 43.7% |
| Q4 25 | 1.0% | 0.1% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 0.2% | 0.4% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.7% | 0.1% | ||
| Q1 24 | 6.8% | 0.5% |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | 0.72× | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | — | -6.27× | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 2.26× | ||
| Q2 24 | — | 2.81× | ||
| Q1 24 | — | 5.64× |
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% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
