vs
Energy Recovery, Inc.（ERII）与合众银行（FSBC）财务数据对比。点击上方公司名可切换其他公司
Energy Recovery, Inc.的季度营收约是合众银行的1.5倍（$66.9M vs $45.1M），合众银行净利率更高（41.3% vs 40.2%，领先1.0%），过去两年合众银行的营收复合增速更高（21.3% vs 8.1%）
Energy Recovery, Inc.是一家美国制造商，专注生产为水务及二氧化碳制冷行业提供的能量回收装置，产品可帮助相关行业在工艺流程中回收利用富余能量，助力客户降低能耗成本，提升运营的绿色低碳水平，在细分领域拥有领先的技术积累。
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
ERII vs FSBC — 直观对比
营收规模更大
ERII
是对方的1.5倍
$45.1M
净利率更高
FSBC
高出1.0%
40.2%
两年增速更快
FSBC
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $45.1M |
| 净利润 | $26.9M | $18.6M |
| 毛利率 | 67.2% | — |
| 营业利润率 | 46.8% | — |
| 净利率 | 40.2% | 41.3% |
| 营收同比 | -0.3% | — |
| 净利润同比 | 14.7% | 42.0% |
| 每股收益（稀释后） | $0.49 | $0.87 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ERIIFSBC
| Q1 26 | — | $45.1M | ||
| Q4 25 | $66.9M | $43.5M | ||
| Q3 25 | $32.0M | $41.3M | ||
| Q2 25 | $28.1M | $38.3M | ||
| Q1 25 | — | $35.3M | ||
| Q4 24 | $67.1M | $35.2M | ||
| Q3 24 | $38.6M | $31.8M | ||
| Q2 24 | $27.2M | $30.7M |
净利润ERIIFSBC
| Q1 26 | — | $18.6M | ||
| Q4 25 | $26.9M | $17.6M | ||
| Q3 25 | $3.9M | $16.3M | ||
| Q2 25 | $2.1M | $14.5M | ||
| Q1 25 | — | $13.1M | ||
| Q4 24 | $23.5M | $13.3M | ||
| Q3 24 | $8.5M | $10.9M | ||
| Q2 24 | $-642.0K | $10.8M |
毛利率ERIIFSBC
| 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% | — |
营业利润率ERIIFSBC
| Q1 26 | — | — | ||
| Q4 25 | 46.8% | 52.9% | ||
| Q3 25 | 11.4% | 53.8% | ||
| Q2 25 | 5.3% | 52.4% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | 38.2% | 55.1% | ||
| Q3 24 | 18.3% | 48.0% | ||
| Q2 24 | -7.4% | 49.4% |
净利率ERIIFSBC
| Q1 26 | — | 41.3% | ||
| Q4 25 | 40.2% | 40.6% | ||
| Q3 25 | 12.1% | 39.6% | ||
| Q2 25 | 7.3% | 37.9% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | 35.0% | 37.9% | ||
| Q3 24 | 22.0% | 34.4% | ||
| Q2 24 | -2.4% | 35.2% |
每股收益（稀释后）ERIIFSBC
| Q1 26 | — | $0.87 | ||
| Q4 25 | $0.49 | $0.83 | ||
| Q3 25 | $0.07 | $0.77 | ||
| Q2 25 | $0.04 | $0.68 | ||
| Q1 25 | — | $0.62 | ||
| Q4 24 | $0.40 | $0.61 | ||
| Q3 24 | $0.15 | $0.52 | ||
| Q2 24 | $-0.01 | $0.51 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $75.2M | $644.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $206.2M | $458.5M |
| 总资产 | $231.5M | $5.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ERIIFSBC
| Q1 26 | — | $644.4M | ||
| 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 | — |
股东权益ERIIFSBC
| Q1 26 | — | $458.5M | ||
| Q4 25 | $206.2M | $445.8M | ||
| Q3 25 | $180.8M | $431.3M | ||
| Q2 25 | $185.2M | $416.7M | ||
| Q1 25 | — | $406.5M | ||
| Q4 24 | $210.0M | $396.6M | ||
| Q3 24 | $233.9M | $389.9M | ||
| Q2 24 | $218.5M | $380.5M |
总资产ERIIFSBC
| Q1 26 | — | $5.0B | ||
| Q4 25 | $231.5M | $4.8B | ||
| Q3 25 | $209.6M | $4.6B | ||
| Q2 25 | $212.3M | $4.4B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $242.8M | $4.1B | ||
| Q3 24 | $262.7M | $3.9B | ||
| Q2 24 | $249.0M | $3.6B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $7.1M | — |
| 自由现金流经营现金流 - 资本支出 | $6.4M | — |
| 自由现金流率自由现金流/营收 | 9.6% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $15.8M | — |
8季度趋势，按日历期对齐
经营现金流ERIIFSBC
| Q1 26 | — | — | ||
| Q4 25 | $7.1M | $72.6M | ||
| Q3 25 | $-3.1M | $18.8M | ||
| Q2 25 | $4.1M | $17.8M | ||
| Q1 25 | — | $15.5M | ||
| Q4 24 | $9.0M | $51.8M | ||
| Q3 24 | $-3.0M | $17.5M | ||
| Q2 24 | $8.1M | $16.0M |
自由现金流ERIIFSBC
| Q1 26 | — | — | ||
| Q4 25 | $6.4M | $71.4M | ||
| Q3 25 | $-3.5M | $18.6M | ||
| Q2 25 | $4.0M | $17.5M | ||
| Q1 25 | — | $15.4M | ||
| Q4 24 | $8.9M | $51.2M | ||
| Q3 24 | $-3.2M | $17.3M | ||
| Q2 24 | $7.9M | $15.8M |
自由现金流率ERIIFSBC
| Q1 26 | — | — | ||
| Q4 25 | 9.6% | 164.3% | ||
| Q3 25 | -10.9% | 45.0% | ||
| Q2 25 | 14.3% | 45.8% | ||
| Q1 25 | — | 43.5% | ||
| Q4 24 | 13.2% | 145.5% | ||
| Q3 24 | -8.2% | 54.5% | ||
| Q2 24 | 28.9% | 51.6% |
资本支出强度ERIIFSBC
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 2.8% | ||
| Q3 25 | 1.1% | 0.5% | ||
| Q2 25 | 0.5% | 0.6% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 0.2% | 1.8% | ||
| Q3 24 | 0.4% | 0.7% | ||
| Q2 24 | 0.7% | 0.7% |
现金转化率ERIIFSBC
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 4.12× | ||
| Q3 25 | -0.81× | 1.15× | ||
| Q2 25 | 2.02× | 1.23× | ||
| Q1 25 | — | 1.18× | ||
| Q4 24 | 0.38× | 3.89× | ||
| Q3 24 | -0.35× | 1.60× | ||
| Q2 24 | — | 1.49× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
