vs
Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.
Twin Hospitality Group Inc. is the larger business by last-quarter revenue ($82.3M vs $66.9M, roughly 1.2× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs -29.7%, a 70.0% gap on every dollar of revenue. Energy Recovery, Inc. produced more free cash flow last quarter ($6.4M vs $-7.4M).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
ERII vs TWNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $82.3M |
| Net Profit | $26.9M | $-24.5M |
| Gross Margin | 67.2% | — |
| Operating Margin | 46.8% | -16.2% |
| Net Margin | 40.2% | -29.7% |
| Revenue YoY | -0.3% | — |
| Net Profit YoY | 14.7% | — |
| EPS (diluted) | $0.49 | $-0.43 |
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 | — | ||
| Q3 25 | $32.0M | $82.3M | ||
| Q2 25 | $28.1M | $87.8M | ||
| Q1 25 | — | $87.1M | ||
| Q4 24 | $67.1M | — | ||
| Q3 24 | $38.6M | — | ||
| Q2 24 | $27.2M | — | ||
| Q1 24 | $12.1M | — |
| Q4 25 | $26.9M | — | ||
| Q3 25 | $3.9M | $-24.5M | ||
| Q2 25 | $2.1M | $-20.8M | ||
| Q1 25 | — | $-12.1M | ||
| Q4 24 | $23.5M | — | ||
| Q3 24 | $8.5M | — | ||
| Q2 24 | $-642.0K | — | ||
| Q1 24 | $-8.3M | — |
| 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% | — | ||
| Q3 25 | 11.4% | -16.2% | ||
| Q2 25 | 5.3% | -13.2% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | 38.2% | — | ||
| Q3 24 | 18.3% | — | ||
| Q2 24 | -7.4% | — | ||
| Q1 24 | -90.4% | — |
| Q4 25 | 40.2% | — | ||
| Q3 25 | 12.1% | -29.7% | ||
| Q2 25 | 7.3% | -23.7% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | 35.0% | — | ||
| Q3 24 | 22.0% | — | ||
| Q2 24 | -2.4% | — | ||
| Q1 24 | -68.3% | — |
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.07 | $-0.43 | ||
| Q2 25 | $0.04 | $-0.38 | ||
| Q1 25 | — | $-0.26 | ||
| 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 | — |
| Total DebtLower is stronger | — | $402.8M |
| Stockholders' EquityBook value | $206.2M | $-92.1M |
| Total Assets | $231.5M | $516.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | — | ||
| Q3 25 | $70.4M | — | ||
| Q2 25 | $79.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $78.0M | — | ||
| Q3 24 | $118.6M | — | ||
| Q2 24 | $101.0M | — | ||
| Q1 24 | $117.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $402.8M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $413.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $206.2M | — | ||
| Q3 25 | $180.8M | $-92.1M | ||
| Q2 25 | $185.2M | $-78.6M | ||
| Q1 25 | — | $-101.9M | ||
| Q4 24 | $210.0M | — | ||
| Q3 24 | $233.9M | — | ||
| Q2 24 | $218.5M | — | ||
| Q1 24 | $216.0M | — |
| Q4 25 | $231.5M | — | ||
| Q3 25 | $209.6M | $516.8M | ||
| Q2 25 | $212.3M | $535.1M | ||
| Q1 25 | — | $544.2M | ||
| Q4 24 | $242.8M | — | ||
| Q3 24 | $262.7M | — | ||
| Q2 24 | $249.0M | — | ||
| Q1 24 | $244.3M | — |
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 | $-5.9M |
| Free Cash FlowOCF − Capex | $6.4M | $-7.4M |
| FCF MarginFCF / Revenue | 9.6% | -9.0% |
| Capex IntensityCapex / Revenue | 1.0% | 1.9% |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | — | ||
| Q3 25 | $-3.1M | $-5.9M | ||
| Q2 25 | $4.1M | $-8.8M | ||
| Q1 25 | — | $-5.7M | ||
| Q4 24 | $9.0M | — | ||
| Q3 24 | $-3.0M | — | ||
| Q2 24 | $8.1M | — | ||
| Q1 24 | $6.5M | — |
| Q4 25 | $6.4M | — | ||
| Q3 25 | $-3.5M | $-7.4M | ||
| Q2 25 | $4.0M | $-10.6M | ||
| Q1 25 | — | $-9.7M | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $7.9M | — | ||
| Q1 24 | $5.7M | — |
| Q4 25 | 9.6% | — | ||
| Q3 25 | -10.9% | -9.0% | ||
| Q2 25 | 14.3% | -12.1% | ||
| Q1 25 | — | -11.2% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 28.9% | — | ||
| Q1 24 | 46.9% | — |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.1% | 1.9% | ||
| Q2 25 | 0.5% | 2.1% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 6.8% | — |
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | — | ||
| 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% |
TWNP
Segment breakdown not available.
