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Energy Recovery, Inc.（ERII）与JBG SMITH Properties（JBGS）财务数据对比。点击上方公司名可切换其他公司
JBG SMITH Properties的季度营收约是Energy Recovery, Inc.的1.9倍（$127.6M vs $66.9M），Energy Recovery, Inc.净利率更高（40.2% vs -18.1%，领先58.3%），JBG SMITH Properties同比增速更快（5.7% vs -0.3%），过去两年Energy Recovery, Inc.的营收复合增速更高（8.1% vs -2.9%）
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。
JBG SMITH Properties是一家总部位于马里兰州贝塞斯达的上市房地产投资信托公司，专注于持有并运营房地产资产，是美国商业地产领域的专业运营机构，面向市场提供多元化的不动产投资与管理服务。
ERII vs JBGS — 直观对比
营收规模更大
JBGS
是对方的1.9倍
$66.9M
营收增速更快
JBGS
高出6.0%
-0.3%
净利率更高
ERII
高出58.3%
-18.1%
两年增速更快
ERII
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $127.6M |
| 净利润 | $26.9M | $-23.0M |
| 毛利率 | 67.2% | — |
| 营业利润率 | 46.8% | — |
| 净利率 | 40.2% | -18.1% |
| 营收同比 | -0.3% | 5.7% |
| 净利润同比 | 14.7% | 57.1% |
| 每股收益（稀释后） | $0.49 | $-0.32 |
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ERIIJBGS
| Q1 26 | — | $127.6M | ||
| Q4 25 | $66.9M | $127.6M | ||
| Q3 25 | $32.0M | $123.9M | ||
| Q2 25 | $28.1M | $126.5M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | $67.1M | $130.8M | ||
| Q3 24 | $38.6M | $136.0M | ||
| Q2 24 | $27.2M | $135.3M |
净利润ERIIJBGS
| Q1 26 | — | $-23.0M | ||
| Q4 25 | $26.9M | $-45.5M | ||
| Q3 25 | $3.9M | $-28.6M | ||
| Q2 25 | $2.1M | $-19.2M | ||
| Q1 25 | — | $-45.7M | ||
| Q4 24 | $23.5M | $-59.9M | ||
| Q3 24 | $8.5M | $-27.0M | ||
| Q2 24 | $-642.0K | $-24.4M |
毛利率ERIIJBGS
| 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ERIIJBGS
| Q1 26 | — | — | ||
| Q4 25 | 46.8% | -47.5% | ||
| Q3 25 | 11.4% | -27.5% | ||
| Q2 25 | 5.3% | -18.4% | ||
| Q1 25 | — | -44.7% | ||
| Q4 24 | 38.2% | -53.6% | ||
| Q3 24 | 18.3% | -22.4% | ||
| Q2 24 | -7.4% | -24.3% |
净利率ERIIJBGS
| Q1 26 | — | -18.1% | ||
| Q4 25 | 40.2% | -35.7% | ||
| Q3 25 | 12.1% | -23.1% | ||
| Q2 25 | 7.3% | -15.2% | ||
| Q1 25 | — | -37.9% | ||
| Q4 24 | 35.0% | -45.8% | ||
| Q3 24 | 22.0% | -19.8% | ||
| Q2 24 | -2.4% | -18.0% |
每股收益（稀释后）ERIIJBGS
| Q1 26 | — | $-0.32 | ||
| Q4 25 | $0.49 | $-0.76 | ||
| Q3 25 | $0.07 | $-0.48 | ||
| Q2 25 | $0.04 | $-0.29 | ||
| Q1 25 | — | $-0.56 | ||
| Q4 24 | $0.40 | $-0.70 | ||
| Q3 24 | $0.15 | $-0.32 | ||
| Q2 24 | $-0.01 | $-0.27 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $206.2M | — |
| 总资产 | $231.5M | $4.3B |
| 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ERIIJBGS
| Q1 26 | — | — | ||
| Q4 25 | $75.2M | $75.3M | ||
| Q3 25 | $70.4M | $64.4M | ||
| Q2 25 | $79.5M | $61.4M | ||
| Q1 25 | — | $81.3M | ||
| Q4 24 | $78.0M | $145.8M | ||
| Q3 24 | $118.6M | $137.0M | ||
| Q2 24 | $101.0M | $163.5M |
股东权益ERIIJBGS
| Q1 26 | — | — | ||
| Q4 25 | $206.2M | $1.2B | ||
| Q3 25 | $180.8M | $1.2B | ||
| Q2 25 | $185.2M | $1.3B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $210.0M | $1.8B | ||
| Q3 24 | $233.9M | $1.9B | ||
| Q2 24 | $218.5M | $2.0B |
总资产ERIIJBGS
| Q1 26 | — | $4.3B | ||
| Q4 25 | $231.5M | $4.4B | ||
| Q3 25 | $209.6M | $4.4B | ||
| Q2 25 | $212.3M | $4.5B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | $242.8M | $5.0B | ||
| Q3 24 | $262.7M | $5.2B | ||
| Q2 24 | $249.0M | $5.3B |
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ERIIJBGS
| Q1 26 | — | — | ||
| Q4 25 | $7.1M | $73.3M | ||
| Q3 25 | $-3.1M | $8.9M | ||
| Q2 25 | $4.1M | $18.8M | ||
| Q1 25 | — | $12.9M | ||
| Q4 24 | $9.0M | $129.4M | ||
| Q3 24 | $-3.0M | $26.4M | ||
| Q2 24 | $8.1M | $23.8M |
自由现金流ERIIJBGS
| Q1 26 | — | — | ||
| Q4 25 | $6.4M | — | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $7.9M | — |
自由现金流率ERIIJBGS
| Q1 26 | — | — | ||
| Q4 25 | 9.6% | — | ||
| Q3 25 | -10.9% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 28.9% | — |
资本支出强度ERIIJBGS
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — |
现金转化率ERIIJBGS
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | — | ||
| Q2 24 | — | — |
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% |
JBGS
| Property rental | $105.9M | 83% |
| Third-party real estate services, including reimbursements | $17.2M | 13% |
| Other revenue | $4.5M | 4% |
