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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $66.9M, roughly 1.1× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 2.0%, a 38.2% gap on every dollar of revenue. On growth, Energy Recovery, Inc. posted the faster year-over-year revenue change (-0.3% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $6.4M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs -4.7%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
ERII vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $71.1M |
| Net Profit | $26.9M | $1.4M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | 13.1% |
| Net Margin | 40.2% | 2.0% |
| Revenue YoY | -0.3% | -1.8% |
| Net Profit YoY | 14.7% | -75.2% |
| EPS (diluted) | $0.49 | — |
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 | $71.1M | ||
| Q3 25 | $32.0M | $73.2M | ||
| Q2 25 | $28.1M | $72.8M | ||
| Q1 25 | — | $74.5M | ||
| Q4 24 | $67.1M | $72.5M | ||
| Q3 24 | $38.6M | $78.5M | ||
| Q2 24 | $27.2M | $78.5M | ||
| Q1 24 | $12.1M | $78.3M |
| Q4 25 | $26.9M | $1.4M | ||
| Q3 25 | $3.9M | $4.0M | ||
| Q2 25 | $2.1M | $4.7M | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | $23.5M | $5.8M | ||
| Q3 24 | $8.5M | $966.0K | ||
| Q2 24 | $-642.0K | $3.7M | ||
| Q1 24 | $-8.3M | $-3.4M |
| Q4 25 | 67.2% | — | ||
| Q3 25 | 64.2% | — | ||
| Q2 25 | 64.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 70.2% | — | ||
| Q3 24 | 65.1% | — | ||
| Q2 24 | 64.6% | — | ||
| Q1 24 | 59.0% | — |
| Q4 25 | 46.8% | 13.1% | ||
| Q3 25 | 11.4% | 25.0% | ||
| Q2 25 | 5.3% | 19.3% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | 38.2% | 5.9% | ||
| Q3 24 | 18.3% | 19.4% | ||
| Q2 24 | -7.4% | 20.6% | ||
| Q1 24 | -90.4% | 5.8% |
| Q4 25 | 40.2% | 2.0% | ||
| Q3 25 | 12.1% | 5.4% | ||
| Q2 25 | 7.3% | 6.4% | ||
| Q1 25 | — | -2.6% | ||
| Q4 24 | 35.0% | 8.0% | ||
| Q3 24 | 22.0% | 1.2% | ||
| Q2 24 | -2.4% | 4.7% | ||
| Q1 24 | -68.3% | -4.3% |
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.04 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $0.15 | — | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-0.14 | — |
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 | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $206.2M | $452.4M |
| Total Assets | $231.5M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $118.7M | ||
| Q3 25 | $70.4M | $107.5M | ||
| Q2 25 | $79.5M | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | $78.0M | $96.6M | ||
| Q3 24 | $118.6M | $83.8M | ||
| Q2 24 | $101.0M | $66.1M | ||
| Q1 24 | $117.4M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $206.2M | $452.4M | ||
| Q3 25 | $180.8M | $448.1M | ||
| Q2 25 | $185.2M | $442.4M | ||
| Q1 25 | — | $433.5M | ||
| Q4 24 | $210.0M | $429.5M | ||
| Q3 24 | $233.9M | $423.1M | ||
| Q2 24 | $218.5M | $418.4M | ||
| Q1 24 | $216.0M | $412.0M |
| Q4 25 | $231.5M | $582.5M | ||
| Q3 25 | $209.6M | $582.2M | ||
| Q2 25 | $212.3M | $574.8M | ||
| Q1 25 | — | $571.4M | ||
| Q4 24 | $242.8M | $581.6M | ||
| Q3 24 | $262.7M | $578.6M | ||
| Q2 24 | $249.0M | $571.4M | ||
| Q1 24 | $244.3M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $6.4M | $33.5M |
| FCF MarginFCF / Revenue | 9.6% | 47.1% |
| Capex IntensityCapex / Revenue | 1.0% | 10.4% |
| Cash ConversionOCF / Net Profit | 0.26× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $40.9M | ||
| Q3 25 | $-3.1M | $17.7M | ||
| Q2 25 | $4.1M | $4.6M | ||
| Q1 25 | — | $5.7M | ||
| Q4 24 | $9.0M | $59.7M | ||
| Q3 24 | $-3.0M | $17.6M | ||
| Q2 24 | $8.1M | $15.9M | ||
| Q1 24 | $6.5M | $9.4M |
| Q4 25 | $6.4M | $33.5M | ||
| Q3 25 | $-3.5M | $16.4M | ||
| Q2 25 | $4.0M | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | $8.9M | $53.0M | ||
| Q3 24 | $-3.2M | $16.3M | ||
| Q2 24 | $7.9M | $14.0M | ||
| Q1 24 | $5.7M | $6.8M |
| Q4 25 | 9.6% | 47.1% | ||
| Q3 25 | -10.9% | 22.4% | ||
| Q2 25 | 14.3% | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | 13.2% | 73.2% | ||
| Q3 24 | -8.2% | 20.8% | ||
| Q2 24 | 28.9% | 17.8% | ||
| Q1 24 | 46.9% | 8.6% |
| Q4 25 | 1.0% | 10.4% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 0.5% | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 0.2% | 9.1% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.7% | 2.4% | ||
| Q1 24 | 6.8% | 3.3% |
| Q4 25 | 0.26× | 28.39× | ||
| Q3 25 | -0.81× | 4.45× | ||
| Q2 25 | 2.02× | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | 10.28× | ||
| Q3 24 | -0.35× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
