vs
Energy Recovery, Inc.（ERII）与STEM, INC.（STEM）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STEM, INC.的1.4倍（$66.9M vs $47.1M），Energy Recovery, Inc.净利率更高（40.2% vs -33.9%，领先74.1%），Energy Recovery, Inc.同比增速更快（-0.3% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% 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。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
ERII vs STEM — 直观对比
营收规模更大
ERII
是对方的1.4倍
$47.1M
营收增速更快
ERII
高出15.2%
-15.6%
净利率更高
ERII
高出74.1%
-33.9%
两年增速更快
STEM
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $47.1M |
| 净利润 | $26.9M | $-16.0M |
| 毛利率 | 67.2% | 48.9% |
| 营业利润率 | 46.8% | -17.7% |
| 净利率 | 40.2% | -33.9% |
| 营收同比 | -0.3% | -15.6% |
| 净利润同比 | 14.7% | 68.8% |
| 每股收益（稀释后） | $0.49 | $-4.40 |
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ERIISTEM
| Q4 25 | $66.9M | $47.1M | ||
| Q3 25 | $32.0M | $38.2M | ||
| Q2 25 | $28.1M | $38.4M | ||
| Q1 25 | — | $32.5M | ||
| Q4 24 | $67.1M | $55.8M | ||
| Q3 24 | $38.6M | $29.3M | ||
| Q2 24 | $27.2M | $34.0M | ||
| Q1 24 | $12.1M | $25.5M |
净利润ERIISTEM
| Q4 25 | $26.9M | $-16.0M | ||
| Q3 25 | $3.9M | $-23.8M | ||
| Q2 25 | $2.1M | $202.5M | ||
| Q1 25 | — | $-25.0M | ||
| Q4 24 | $23.5M | $-51.1M | ||
| Q3 24 | $8.5M | $-148.3M | ||
| Q2 24 | $-642.0K | $-582.3M | ||
| Q1 24 | $-8.3M | $-72.3M |
毛利率ERIISTEM
| Q4 25 | 67.2% | 48.9% | ||
| Q3 25 | 64.2% | 35.5% | ||
| Q2 25 | 64.0% | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | 70.2% | -4.4% | ||
| Q3 24 | 65.1% | 21.2% | ||
| Q2 24 | 64.6% | 27.6% | ||
| Q1 24 | 59.0% | -95.0% |
营业利润率ERIISTEM
| Q4 25 | 46.8% | -17.7% | ||
| Q3 25 | 11.4% | -33.6% | ||
| Q2 25 | 5.3% | -34.8% | ||
| Q1 25 | — | -65.0% | ||
| Q4 24 | 38.2% | -84.4% | ||
| Q3 24 | 18.3% | -493.2% | ||
| Q2 24 | -7.4% | -1705.5% | ||
| Q1 24 | -90.4% | -267.0% |
净利率ERIISTEM
| Q4 25 | 40.2% | -33.9% | ||
| Q3 25 | 12.1% | -62.2% | ||
| Q2 25 | 7.3% | 527.8% | ||
| Q1 25 | — | -76.9% | ||
| Q4 24 | 35.0% | -91.6% | ||
| Q3 24 | 22.0% | -506.3% | ||
| Q2 24 | -2.4% | -1712.6% | ||
| Q1 24 | -68.3% | -283.9% |
每股收益（稀释后）ERIISTEM
| Q4 25 | $0.49 | $-4.40 | ||
| Q3 25 | $0.07 | $-2.84 | ||
| Q2 25 | $0.04 | $-1.79 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | $0.40 | $-15.29 | ||
| Q3 24 | $0.15 | $-18.24 | ||
| Q2 24 | $-0.01 | $-71.81 | ||
| Q1 24 | $-0.14 | $-0.46 |
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 | $48.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $206.2M | $-249.4M |
| 总资产 | $231.5M | $308.9M |
| 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ERIISTEM
| Q4 25 | $75.2M | $48.9M | ||
| Q3 25 | $70.4M | $43.1M | ||
| Q2 25 | $79.5M | $40.8M | ||
| Q1 25 | — | $58.6M | ||
| Q4 24 | $78.0M | $56.3M | ||
| Q3 24 | $118.6M | $75.4M | ||
| Q2 24 | $101.0M | $89.6M | ||
| Q1 24 | $117.4M | $112.8M |
股东权益ERIISTEM
| Q4 25 | $206.2M | $-249.4M | ||
| Q3 25 | $180.8M | $-235.7M | ||
| Q2 25 | $185.2M | $-214.1M | ||
| Q1 25 | — | $-417.5M | ||
| Q4 24 | $210.0M | $-398.4M | ||
| Q3 24 | $233.9M | $-344.1M | ||
| Q2 24 | $218.5M | $-203.2M | ||
| Q1 24 | $216.0M | $371.6M |
总资产ERIISTEM
| Q4 25 | $231.5M | $308.9M | ||
| Q3 25 | $209.6M | $362.6M | ||
| Q2 25 | $212.3M | $379.2M | ||
| Q1 25 | — | $405.1M | ||
| Q4 24 | $242.8M | $437.4M | ||
| Q3 24 | $262.7M | $537.8M | ||
| Q2 24 | $249.0M | $691.5M | ||
| Q1 24 | $244.3M | $1.3B |
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 | $8.2M |
| 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ERIISTEM
| Q4 25 | $7.1M | $8.2M | ||
| Q3 25 | $-3.1M | $11.4M | ||
| Q2 25 | $4.1M | $-21.3M | ||
| Q1 25 | — | $8.5M | ||
| Q4 24 | $9.0M | $-14.7M | ||
| Q3 24 | $-3.0M | $-9.4M | ||
| Q2 24 | $8.1M | $-11.9M | ||
| Q1 24 | $6.5M | $-621.0K |
自由现金流ERIISTEM
| 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 | — | ||
| Q1 24 | $5.7M | — |
自由现金流率ERIISTEM
| 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% | — | ||
| Q1 24 | 46.9% | — |
资本支出强度ERIISTEM
| 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% | — | ||
| Q1 24 | 6.8% | — |
现金转化率ERIISTEM
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | — | ||
| Q2 25 | 2.02× | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | — | ||
| Q2 24 | — | — | ||
| Q1 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% |
STEM
暂无分部数据
