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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $66.9M, roughly 1.9× Energy Recovery, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 40.2%, a 89.5% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -0.3%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $6.4M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs 5.9%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
ERII vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $124.5M |
| Net Profit | $26.9M | $161.6M |
| Gross Margin | 67.2% | 85.3% |
| Operating Margin | 46.8% | 6.5% |
| Net Margin | 40.2% | 129.7% |
| Revenue YoY | -0.3% | 4.7% |
| Net Profit YoY | 14.7% | 2827.7% |
| EPS (diluted) | $0.49 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $32.0M | $123.4M | ||
| Q2 25 | $28.1M | $119.8M | ||
| Q1 25 | — | $121.4M | ||
| Q4 24 | $67.1M | $118.9M | ||
| Q3 24 | $38.6M | $115.9M | ||
| Q2 24 | $27.2M | $111.2M | ||
| Q1 24 | $12.1M | $111.1M |
| Q4 25 | $26.9M | $161.6M | ||
| Q3 25 | $3.9M | $9.6M | ||
| Q2 25 | $2.1M | $-7.2M | ||
| Q1 25 | — | $-8.8M | ||
| Q4 24 | $23.5M | $-5.9M | ||
| Q3 24 | $8.5M | $-10.9M | ||
| Q2 24 | $-642.0K | $-17.1M | ||
| Q1 24 | $-8.3M | $-28.2M |
| Q4 25 | 67.2% | 85.3% | ||
| Q3 25 | 64.2% | 84.6% | ||
| Q2 25 | 64.0% | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | 70.2% | 83.0% | ||
| Q3 24 | 65.1% | 82.7% | ||
| Q2 24 | 64.6% | 82.6% | ||
| Q1 24 | 59.0% | 81.7% |
| Q4 25 | 46.8% | 6.5% | ||
| Q3 25 | 11.4% | 2.9% | ||
| Q2 25 | 5.3% | -8.6% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | 38.2% | -8.7% | ||
| Q3 24 | 18.3% | -13.8% | ||
| Q2 24 | -7.4% | -19.5% | ||
| Q1 24 | -90.4% | -30.1% |
| Q4 25 | 40.2% | 129.7% | ||
| Q3 25 | 12.1% | 7.8% | ||
| Q2 25 | 7.3% | -6.0% | ||
| Q1 25 | — | -7.2% | ||
| Q4 24 | 35.0% | -5.0% | ||
| Q3 24 | 22.0% | -9.4% | ||
| Q2 24 | -2.4% | -15.4% | ||
| Q1 24 | -68.3% | -25.3% |
| Q4 25 | $0.49 | $1.69 | ||
| Q3 25 | $0.07 | $0.10 | ||
| Q2 25 | $0.04 | $-0.07 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | $0.40 | $-0.07 | ||
| Q3 24 | $0.15 | $-0.14 | ||
| Q2 24 | $-0.01 | $-0.26 | ||
| Q1 24 | $-0.14 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $320.5M |
| Total Assets | $231.5M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $547.8M | ||
| Q3 25 | $70.4M | $567.9M | ||
| Q2 25 | $79.5M | $597.1M | ||
| Q1 25 | — | $570.8M | ||
| Q4 24 | $78.0M | $542.2M | ||
| Q3 24 | $118.6M | $599.3M | ||
| Q2 24 | $101.0M | $592.8M | ||
| Q1 24 | $117.4M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $206.2M | $320.5M | ||
| Q3 25 | $180.8M | $180.7M | ||
| Q2 25 | $185.2M | $145.7M | ||
| Q1 25 | — | $129.8M | ||
| Q4 24 | $210.0M | $111.6M | ||
| Q3 24 | $233.9M | $164.7M | ||
| Q2 24 | $218.5M | $174.0M | ||
| Q1 24 | $216.0M | $171.6M |
| Q4 25 | $231.5M | $1.0B | ||
| Q3 25 | $209.6M | $891.5M | ||
| Q2 25 | $212.3M | $926.8M | ||
| Q1 25 | — | $927.3M | ||
| Q4 24 | $242.8M | $866.8M | ||
| Q3 24 | $262.7M | $916.0M | ||
| Q2 24 | $249.0M | $924.0M | ||
| Q1 24 | $244.3M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $6.4M | $24.1M |
| FCF MarginFCF / Revenue | 9.6% | 19.3% |
| Capex IntensityCapex / Revenue | 1.0% | 0.6% |
| Cash ConversionOCF / Net Profit | 0.26× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $24.8M | ||
| Q3 25 | $-3.1M | $34.0M | ||
| Q2 25 | $4.1M | $30.7M | ||
| Q1 25 | — | $31.4M | ||
| Q4 24 | $9.0M | $22.1M | ||
| Q3 24 | $-3.0M | $35.8M | ||
| Q2 24 | $8.1M | $28.6M | ||
| Q1 24 | $6.5M | $22.2M |
| Q4 25 | $6.4M | $24.1M | ||
| Q3 25 | $-3.5M | $33.1M | ||
| Q2 25 | $4.0M | $30.2M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | $8.9M | $21.5M | ||
| Q3 24 | $-3.2M | $35.1M | ||
| Q2 24 | $7.9M | $28.2M | ||
| Q1 24 | $5.7M | $21.2M |
| Q4 25 | 9.6% | 19.3% | ||
| Q3 25 | -10.9% | 26.8% | ||
| Q2 25 | 14.3% | 25.2% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | 13.2% | 18.1% | ||
| Q3 24 | -8.2% | 30.3% | ||
| Q2 24 | 28.9% | 25.4% | ||
| Q1 24 | 46.9% | 19.1% |
| Q4 25 | 1.0% | 0.6% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 0.5% | 0.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | 0.2% | 0.5% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.7% | 0.4% | ||
| Q1 24 | 6.8% | 0.9% |
| Q4 25 | 0.26× | 0.15× | ||
| Q3 25 | -0.81× | 3.55× | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | — | ||
| 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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
