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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.
PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $66.9M, roughly 1.1× Energy Recovery, Inc.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -0.3%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $6.4M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.
ERII vs PBYI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $75.5M |
| Net Profit | $26.9M | — |
| Gross Margin | 67.2% | 69.3% |
| Operating Margin | 46.8% | 22.7% |
| Net Margin | 40.2% | — |
| Revenue YoY | -0.3% | 27.7% |
| Net Profit YoY | 14.7% | — |
| EPS (diluted) | $0.49 | $0.26 |
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 | $75.5M | ||
| Q3 25 | $32.0M | $54.5M | ||
| Q2 25 | $28.1M | $52.4M | ||
| Q1 25 | — | $46.0M | ||
| Q4 24 | $67.1M | $59.1M | ||
| Q3 24 | $38.6M | $80.5M | ||
| Q2 24 | $27.2M | $47.1M | ||
| Q1 24 | $12.1M | $43.8M |
| Q4 25 | $26.9M | — | ||
| Q3 25 | $3.9M | $8.8M | ||
| Q2 25 | $2.1M | $5.9M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | $23.5M | — | ||
| Q3 24 | $8.5M | $20.3M | ||
| Q2 24 | $-642.0K | $-4.5M | ||
| Q1 24 | $-8.3M | $-4.8M |
| Q4 25 | 67.2% | 69.3% | ||
| Q3 25 | 64.2% | 77.7% | ||
| Q2 25 | 64.0% | 76.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | 70.2% | 76.4% | ||
| Q3 24 | 65.1% | 63.9% | ||
| Q2 24 | 64.6% | 77.4% | ||
| Q1 24 | 59.0% | 75.5% |
| Q4 25 | 46.8% | 22.7% | ||
| Q3 25 | 11.4% | 17.6% | ||
| Q2 25 | 5.3% | 12.7% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | 38.2% | 22.6% | ||
| Q3 24 | 18.3% | 27.4% | ||
| Q2 24 | -7.4% | -4.6% | ||
| Q1 24 | -90.4% | -5.3% |
| Q4 25 | 40.2% | — | ||
| Q3 25 | 12.1% | 16.2% | ||
| Q2 25 | 7.3% | 11.2% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | 35.0% | — | ||
| Q3 24 | 22.0% | 25.2% | ||
| Q2 24 | -2.4% | -9.6% | ||
| Q1 24 | -68.3% | -11.0% |
| Q4 25 | $0.49 | $0.26 | ||
| Q3 25 | $0.07 | $0.17 | ||
| Q2 25 | $0.04 | $0.12 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | $0.40 | $0.40 | ||
| Q3 24 | $0.15 | $0.41 | ||
| Q2 24 | $-0.01 | $-0.09 | ||
| Q1 24 | $-0.14 | $-0.10 |
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 | $97.5M |
| Total DebtLower is stronger | — | $22.7M |
| Stockholders' EquityBook value | $206.2M | $130.3M |
| Total Assets | $231.5M | $216.3M |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $97.5M | ||
| Q3 25 | $70.4M | $94.4M | ||
| Q2 25 | $79.5M | $96.0M | ||
| Q1 25 | — | $93.2M | ||
| Q4 24 | $78.0M | $101.0M | ||
| Q3 24 | $118.6M | $96.7M | ||
| Q2 24 | $101.0M | $96.8M | ||
| Q1 24 | $117.4M | $107.2M |
| Q4 25 | — | $22.7M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | — | $102.0M |
| Q4 25 | $206.2M | $130.3M | ||
| Q3 25 | $180.8M | $115.3M | ||
| Q2 25 | $185.2M | $104.7M | ||
| Q1 25 | — | $97.1M | ||
| Q4 24 | $210.0M | $92.1M | ||
| Q3 24 | $233.9M | $71.1M | ||
| Q2 24 | $218.5M | $48.5M | ||
| Q1 24 | $216.0M | $51.0M |
| Q4 25 | $231.5M | $216.3M | ||
| Q3 25 | $209.6M | $202.9M | ||
| Q2 25 | $212.3M | $194.9M | ||
| Q1 25 | — | $196.2M | ||
| Q4 24 | $242.8M | $213.3M | ||
| Q3 24 | $262.7M | $220.7M | ||
| Q2 24 | $249.0M | $205.0M | ||
| Q1 24 | $244.3M | $214.1M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.00× |
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 | $14.4M |
| Free Cash FlowOCF − Capex | $6.4M | $14.4M |
| FCF MarginFCF / Revenue | 9.6% | 19.1% |
| Capex IntensityCapex / Revenue | 1.0% | 0.0% |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $41.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $14.4M | ||
| Q3 25 | $-3.1M | $9.7M | ||
| Q2 25 | $4.1M | $14.1M | ||
| Q1 25 | — | $3.6M | ||
| Q4 24 | $9.0M | $15.6M | ||
| Q3 24 | $-3.0M | $11.0M | ||
| Q2 24 | $8.1M | $1.0M | ||
| Q1 24 | $6.5M | $11.2M |
| Q4 25 | $6.4M | $14.4M | ||
| Q3 25 | $-3.5M | $9.7M | ||
| Q2 25 | $4.0M | $14.1M | ||
| Q1 25 | — | $3.6M | ||
| Q4 24 | $8.9M | $15.6M | ||
| Q3 24 | $-3.2M | $11.0M | ||
| Q2 24 | $7.9M | $1.0M | ||
| Q1 24 | $5.7M | — |
| Q4 25 | 9.6% | 19.1% | ||
| Q3 25 | -10.9% | 17.7% | ||
| Q2 25 | 14.3% | 26.8% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | 13.2% | 26.4% | ||
| Q3 24 | -8.2% | 13.7% | ||
| Q2 24 | 28.9% | 2.1% | ||
| Q1 24 | 46.9% | — |
| Q4 25 | 1.0% | 0.0% | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 0.5% | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 0.2% | 0.0% | ||
| Q3 24 | 0.4% | 0.0% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 6.8% | 0.0% |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | 1.10× | ||
| Q2 25 | 2.02× | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 0.54× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
PBYI
Segment breakdown not available.
