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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and Third Coast Bancshares, Inc. (TCBX). Click either name above to swap in a different company.
Energy Recovery, Inc. is the larger business by last-quarter revenue ($66.9M vs $57.7M, roughly 1.2× Third Coast Bancshares, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 28.4%, a 11.9% gap on every dollar of revenue. Over the past eight quarters, Third Coast Bancshares, Inc.'s revenue compounded faster (17.5% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.
ERII vs TCBX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $57.7M |
| Net Profit | $26.9M | $16.4M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | — |
| Net Margin | 40.2% | 28.4% |
| Revenue YoY | -0.3% | — |
| Net Profit YoY | 14.7% | 20.5% |
| EPS (diluted) | $0.49 | $0.88 |
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.
| Q1 26 | — | $57.7M | ||
| Q4 25 | $66.9M | $56.5M | ||
| Q3 25 | $32.0M | $54.5M | ||
| Q2 25 | $28.1M | $52.0M | ||
| Q1 25 | — | $45.9M | ||
| Q4 24 | $67.1M | $46.3M | ||
| Q3 24 | $38.6M | $42.9M | ||
| Q2 24 | $27.2M | $41.7M |
| Q1 26 | — | $16.4M | ||
| Q4 25 | $26.9M | $17.9M | ||
| Q3 25 | $3.9M | $18.1M | ||
| Q2 25 | $2.1M | $16.7M | ||
| Q1 25 | — | $13.6M | ||
| Q4 24 | $23.5M | $13.7M | ||
| Q3 24 | $8.5M | $12.8M | ||
| Q2 24 | $-642.0K | $10.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 46.8% | 38.1% | ||
| Q3 25 | 11.4% | 41.9% | ||
| Q2 25 | 5.3% | 40.5% | ||
| Q1 25 | — | 37.8% | ||
| Q4 24 | 38.2% | 38.7% | ||
| Q3 24 | 18.3% | 37.9% | ||
| Q2 24 | -7.4% | 34.1% |
| Q1 26 | — | 28.4% | ||
| Q4 25 | 40.2% | 31.7% | ||
| Q3 25 | 12.1% | 33.1% | ||
| Q2 25 | 7.3% | 32.2% | ||
| Q1 25 | — | 29.6% | ||
| Q4 24 | 35.0% | 29.7% | ||
| Q3 24 | 22.0% | 29.8% | ||
| Q2 24 | -2.4% | 25.9% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $0.49 | $1.02 | ||
| Q3 25 | $0.07 | $1.03 | ||
| Q2 25 | $0.04 | $0.96 | ||
| Q1 25 | — | $0.78 | ||
| Q4 24 | $0.40 | $0.80 | ||
| Q3 24 | $0.15 | $0.74 | ||
| Q2 24 | $-0.01 | $0.63 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.2M | $650.5M |
| Total Assets | $231.5M | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $75.2M | $175.2M | ||
| Q3 25 | $70.4M | $116.4M | ||
| Q2 25 | $79.5M | $113.1M | ||
| Q1 25 | — | $219.0M | ||
| Q4 24 | $78.0M | $371.2M | ||
| Q3 24 | $118.6M | $258.2M | ||
| Q2 24 | $101.0M | $241.8M |
| Q1 26 | — | $650.5M | ||
| Q4 25 | $206.2M | $531.0M | ||
| Q3 25 | $180.8M | $513.8M | ||
| Q2 25 | $185.2M | $496.1M | ||
| Q1 25 | — | $479.8M | ||
| Q4 24 | $210.0M | $460.7M | ||
| Q3 24 | $233.9M | $450.5M | ||
| Q2 24 | $218.5M | $435.0M |
| Q1 26 | — | $6.6B | ||
| Q4 25 | $231.5M | $5.3B | ||
| Q3 25 | $209.6M | $5.1B | ||
| Q2 25 | $212.3M | $4.9B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | $242.8M | $4.9B | ||
| Q3 24 | $262.7M | $4.6B | ||
| Q2 24 | $249.0M | $4.5B |
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 | — |
| Free Cash FlowOCF − Capex | $6.4M | — |
| FCF MarginFCF / Revenue | 9.6% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $7.1M | $50.8M | ||
| Q3 25 | $-3.1M | $20.7M | ||
| Q2 25 | $4.1M | $13.9M | ||
| Q1 25 | — | $10.5M | ||
| Q4 24 | $9.0M | $35.1M | ||
| Q3 24 | $-3.0M | $22.0M | ||
| Q2 24 | $8.1M | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | $6.4M | — | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9M | $33.4M | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $7.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.6% | — | ||
| Q3 25 | -10.9% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.2% | 72.1% | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 28.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | 3.8% | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 2.84× | ||
| Q3 25 | -0.81× | 1.15× | ||
| Q2 25 | 2.02× | 0.83× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | 0.38× | 2.56× | ||
| Q3 24 | -0.35× | 1.72× | ||
| Q2 24 | — | 0.68× |
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% |
TCBX
| Net Interest Income | $53.6M | 93% |
| Noninterest Income | $4.0M | 7% |
