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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and SHORE BANCSHARES INC (SHBI). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $59.1M, roughly 1.1× SHORE BANCSHARES INC). On growth, SHORE BANCSHARES INC posted the faster year-over-year revenue change (11.8% vs -0.3%). SHORE BANCSHARES INC produced more free cash flow last quarter ($59.2M vs $6.4M). Over the past eight quarters, SHORE BANCSHARES INC's revenue compounded faster (11.3% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Shore Bancshares Inc. is a U.S. regional bank holding company headquartered in Maryland. It offers a full range of retail and commercial banking services, including deposit products, personal and commercial loans, and wealth management solutions, primarily serving local individual customers, small businesses and mid-sized enterprises in its operating regions.
ERII vs SHBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $59.1M |
| Net Profit | $26.9M | — |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | 35.2% |
| Net Margin | 40.2% | — |
| Revenue YoY | -0.3% | 11.8% |
| Net Profit YoY | 14.7% | — |
| EPS (diluted) | $0.49 | $0.48 |
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 | $59.1M | ||
| Q3 25 | $32.0M | $56.4M | ||
| Q2 25 | $28.1M | $56.6M | ||
| Q1 25 | — | $53.0M | ||
| Q4 24 | $67.1M | $52.9M | ||
| Q3 24 | $38.6M | $50.5M | ||
| Q2 24 | $27.2M | $50.6M | ||
| Q1 24 | $12.1M | $47.7M |
| Q4 25 | $26.9M | — | ||
| Q3 25 | $3.9M | $14.3M | ||
| Q2 25 | $2.1M | $15.5M | ||
| Q1 25 | — | $13.8M | ||
| Q4 24 | $23.5M | — | ||
| Q3 24 | $8.5M | $11.2M | ||
| Q2 24 | $-642.0K | $11.2M | ||
| Q1 24 | $-8.3M | $8.2M |
| 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% | 35.2% | ||
| Q3 25 | 11.4% | 33.7% | ||
| Q2 25 | 5.3% | 36.5% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | 38.2% | 34.3% | ||
| Q3 24 | 18.3% | 29.6% | ||
| Q2 24 | -7.4% | 29.7% | ||
| Q1 24 | -90.4% | 22.2% |
| Q4 25 | 40.2% | — | ||
| Q3 25 | 12.1% | 25.5% | ||
| Q2 25 | 7.3% | 27.4% | ||
| Q1 25 | — | 26.0% | ||
| Q4 24 | 35.0% | — | ||
| Q3 24 | 22.0% | 22.1% | ||
| Q2 24 | -2.4% | 22.2% | ||
| Q1 24 | -68.3% | 17.2% |
| Q4 25 | $0.49 | $0.48 | ||
| Q3 25 | $0.07 | $0.43 | ||
| Q2 25 | $0.04 | $0.46 | ||
| Q1 25 | — | $0.41 | ||
| Q4 24 | $0.40 | $0.39 | ||
| Q3 24 | $0.15 | $0.34 | ||
| Q2 24 | $-0.01 | $0.34 | ||
| Q1 24 | $-0.14 | $0.25 |
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 | $355.6M |
| Total DebtLower is stronger | — | $89.1M |
| Stockholders' EquityBook value | $206.2M | $589.9M |
| Total Assets | $231.5M | $6.3B |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $355.6M | ||
| Q3 25 | $70.4M | $416.5M | ||
| Q2 25 | $79.5M | $185.0M | ||
| Q1 25 | — | $389.0M | ||
| Q4 24 | $78.0M | $459.9M | ||
| Q3 24 | $118.6M | $183.6M | ||
| Q2 24 | $101.0M | $138.9M | ||
| Q1 24 | $117.4M | $114.6M |
| Q4 25 | — | $89.1M | ||
| Q3 25 | — | $74.5M | ||
| Q2 25 | — | $74.2M | ||
| Q1 25 | — | $74.0M | ||
| Q4 24 | — | $73.7M | ||
| Q3 24 | — | $123.5M | ||
| Q2 24 | — | $122.8M | ||
| Q1 24 | — | $72.6M |
| Q4 25 | $206.2M | $589.9M | ||
| Q3 25 | $180.8M | $577.2M | ||
| Q2 25 | $185.2M | $565.2M | ||
| Q1 25 | — | $552.5M | ||
| Q4 24 | $210.0M | $541.1M | ||
| Q3 24 | $233.9M | $533.3M | ||
| Q2 24 | $218.5M | $522.8M | ||
| Q1 24 | $216.0M | $515.2M |
| Q4 25 | $231.5M | $6.3B | ||
| Q3 25 | $209.6M | $6.3B | ||
| Q2 25 | $212.3M | $6.0B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | $242.8M | $6.2B | ||
| Q3 24 | $262.7M | $5.9B | ||
| Q2 24 | $249.0M | $5.9B | ||
| Q1 24 | $244.3M | $5.8B |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.14× |
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 | $62.4M |
| Free Cash FlowOCF − Capex | $6.4M | $59.2M |
| FCF MarginFCF / Revenue | 9.6% | 100.2% |
| Capex IntensityCapex / Revenue | 1.0% | 5.4% |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $110.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $62.4M | ||
| Q3 25 | $-3.1M | $42.5M | ||
| Q2 25 | $4.1M | $-8.3M | ||
| Q1 25 | — | $19.8M | ||
| Q4 24 | $9.0M | $46.9M | ||
| Q3 24 | $-3.0M | $9.1M | ||
| Q2 24 | $8.1M | $3.0M | ||
| Q1 24 | $6.5M | $2.4M |
| Q4 25 | $6.4M | $59.2M | ||
| Q3 25 | $-3.5M | $41.9M | ||
| Q2 25 | $4.0M | $-9.2M | ||
| Q1 25 | — | $18.8M | ||
| Q4 24 | $8.9M | $41.7M | ||
| Q3 24 | $-3.2M | $8.4M | ||
| Q2 24 | $7.9M | $1.4M | ||
| Q1 24 | $5.7M | $614.0K |
| Q4 25 | 9.6% | 100.2% | ||
| Q3 25 | -10.9% | 74.3% | ||
| Q2 25 | 14.3% | -16.3% | ||
| Q1 25 | — | 35.4% | ||
| Q4 24 | 13.2% | 78.8% | ||
| Q3 24 | -8.2% | 16.7% | ||
| Q2 24 | 28.9% | 2.9% | ||
| Q1 24 | 46.9% | 1.3% |
| Q4 25 | 1.0% | 5.4% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 0.5% | 1.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | 0.2% | 9.9% | ||
| Q3 24 | 0.4% | 1.2% | ||
| Q2 24 | 0.7% | 3.1% | ||
| Q1 24 | 6.8% | 3.7% |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | 2.96× | ||
| Q2 25 | 2.02× | -0.54× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 0.81× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.29× |
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% |
SHBI
Segment breakdown not available.
