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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and SBC Medical Group Holdings Inc (SBC). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $39.6M, roughly 1.7× SBC Medical Group Holdings Inc). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 35.9%, a 4.4% gap on every dollar of revenue. On growth, Energy Recovery, Inc. posted the faster year-over-year revenue change (-0.3% vs -10.9%). SBC Medical Group Holdings Inc produced more free cash flow last quarter ($51.2M vs $6.4M). Over the past eight quarters, Energy Recovery, Inc.'s revenue compounded faster (8.1% CAGR vs -15.0%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
SBC Medical Group Holdings Inc. is a leading Japan-headquartered healthcare provider primarily focused on aesthetic medicine, dermatology, and anti-aging wellness services. It operates an extensive network of clinics across Japan, catering to both domestic patients and international medical tourists, with core offerings including cosmetic surgery and non-invasive skincare treatments.
ERII vs SBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $39.6M |
| Net Profit | $26.9M | $14.2M |
| Gross Margin | 67.2% | 73.1% |
| Operating Margin | 46.8% | 32.5% |
| Net Margin | 40.2% | 35.9% |
| Revenue YoY | -0.3% | -10.9% |
| Net Profit YoY | 14.7% | 117.2% |
| EPS (diluted) | $0.49 | $0.15 |
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 | $39.6M | ||
| Q3 25 | $32.0M | $43.4M | ||
| Q2 25 | $28.1M | $43.4M | ||
| Q1 25 | — | $47.3M | ||
| Q4 24 | $67.1M | $44.4M | ||
| Q3 24 | $38.6M | $53.1M | ||
| Q2 24 | $27.2M | $53.1M | ||
| Q1 24 | $12.1M | $54.8M |
| Q4 25 | $26.9M | $14.2M | ||
| Q3 25 | $3.9M | $12.8M | ||
| Q2 25 | $2.1M | $2.5M | ||
| Q1 25 | — | $21.5M | ||
| Q4 24 | $23.5M | $6.5M | ||
| Q3 24 | $8.5M | $2.8M | ||
| Q2 24 | $-642.0K | $18.5M | ||
| Q1 24 | $-8.3M | $18.8M |
| Q4 25 | 67.2% | 73.1% | ||
| Q3 25 | 64.2% | 70.6% | ||
| Q2 25 | 64.0% | 69.2% | ||
| Q1 25 | — | 79.7% | ||
| Q4 24 | 70.2% | 76.3% | ||
| Q3 24 | 65.1% | 81.5% | ||
| Q2 24 | 64.6% | 74.2% | ||
| Q1 24 | 59.0% | 72.1% |
| Q4 25 | 46.8% | 32.5% | ||
| Q3 25 | 11.4% | 36.6% | ||
| Q2 25 | 5.3% | 33.6% | ||
| Q1 25 | — | 51.1% | ||
| Q4 24 | 38.2% | 10.6% | ||
| Q3 24 | 18.3% | 26.1% | ||
| Q2 24 | -7.4% | 51.4% | ||
| Q1 24 | -90.4% | 44.6% |
| Q4 25 | 40.2% | 35.9% | ||
| Q3 25 | 12.1% | 29.6% | ||
| Q2 25 | 7.3% | 5.7% | ||
| Q1 25 | — | 45.4% | ||
| Q4 24 | 35.0% | 14.7% | ||
| Q3 24 | 22.0% | 5.3% | ||
| Q2 24 | -2.4% | 34.8% | ||
| Q1 24 | -68.3% | 34.2% |
| Q4 25 | $0.49 | $0.15 | ||
| Q3 25 | $0.07 | $0.12 | ||
| Q2 25 | $0.04 | $0.02 | ||
| Q1 25 | — | $0.21 | ||
| Q4 24 | $0.40 | $0.05 | ||
| Q3 24 | $0.15 | $0.03 | ||
| Q2 24 | $-0.01 | $0.20 | ||
| Q1 24 | $-0.14 | $0.20 |
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 | $164.1M |
| Total DebtLower is stronger | — | $42.8M |
| Stockholders' EquityBook value | $206.2M | $248.3M |
| Total Assets | $231.5M | $380.4M |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $164.1M | ||
| Q3 25 | $70.4M | $127.4M | ||
| Q2 25 | $79.5M | $152.7M | ||
| Q1 25 | — | $132.1M | ||
| Q4 24 | $78.0M | $125.0M | ||
| Q3 24 | $118.6M | $137.4M | ||
| Q2 24 | $101.0M | — | ||
| Q1 24 | $117.4M | — |
| Q4 25 | — | $42.8M | ||
| Q3 25 | — | $21.1M | ||
| Q2 25 | — | $7.1M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | — | $6.6M | ||
| Q3 24 | — | $823.2K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $206.2M | $248.3M | ||
| Q3 25 | $180.8M | $248.0M | ||
| Q2 25 | $185.2M | $244.6M | ||
| Q1 25 | — | $226.4M | ||
| Q4 24 | $210.0M | $195.1M | ||
| Q3 24 | $233.9M | $205.0M | ||
| Q2 24 | $218.5M | $8.8M | ||
| Q1 24 | $216.0M | $9.0M |
| Q4 25 | $231.5M | $380.4M | ||
| Q3 25 | $209.6M | $321.4M | ||
| Q2 25 | $212.3M | $315.3M | ||
| Q1 25 | — | $284.6M | ||
| Q4 24 | $242.8M | $266.1M | ||
| Q3 24 | $262.7M | $296.5M | ||
| Q2 24 | $249.0M | $19.5M | ||
| Q1 24 | $244.3M | $19.8M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.09× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $52.0M |
| Free Cash FlowOCF − Capex | $6.4M | $51.2M |
| FCF MarginFCF / Revenue | 9.6% | 129.3% |
| Capex IntensityCapex / Revenue | 1.0% | 2.0% |
| Cash ConversionOCF / Net Profit | 0.26× | 3.66× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $23.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $52.0M | ||
| Q3 25 | $-3.1M | $-20.9M | ||
| Q2 25 | $4.1M | $-8.3M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | $9.0M | $-7.3M | ||
| Q3 24 | $-3.0M | $5.0M | ||
| Q2 24 | $8.1M | $19.2M | ||
| Q1 24 | $6.5M | $3.7M |
| Q4 25 | $6.4M | $51.2M | ||
| Q3 25 | $-3.5M | $-20.9M | ||
| Q2 25 | $4.0M | $-8.6M | ||
| Q1 25 | — | $1.7M | ||
| Q4 24 | $8.9M | $-7.9M | ||
| Q3 24 | $-3.2M | $4.6M | ||
| Q2 24 | $7.9M | $18.3M | ||
| Q1 24 | $5.7M | $3.0M |
| Q4 25 | 9.6% | 129.3% | ||
| Q3 25 | -10.9% | -48.3% | ||
| Q2 25 | 14.3% | -19.9% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | 13.2% | -17.8% | ||
| Q3 24 | -8.2% | 8.7% | ||
| Q2 24 | 28.9% | 34.5% | ||
| Q1 24 | 46.9% | 5.4% |
| Q4 25 | 1.0% | 2.0% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 0.5% | 0.7% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 0.2% | 1.3% | ||
| Q3 24 | 0.4% | 0.8% | ||
| Q2 24 | 0.7% | 1.6% | ||
| Q1 24 | 6.8% | 1.3% |
| Q4 25 | 0.26× | 3.66× | ||
| Q3 25 | -0.81× | -1.63× | ||
| Q2 25 | 2.02× | -3.39× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | 0.38× | -1.12× | ||
| Q3 24 | -0.35× | 1.77× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 0.20× |
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% |
SBC
| Franchising | $10.3M | 26% |
| Medical Corporation Shobikai | $8.1M | 21% |
| Medical Corporation Nasukai | $7.2M | 18% |
| Management Services | $6.3M | 16% |
| Rental Services | $4.3M | 11% |
| Medical Corporation Association Furinkai | $3.0M | 8% |
| Japan Medical And Beauty Inc | $656.5K | 2% |
