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Energy Recovery, Inc.（ERII）与Target Hospitality Corp.（TH）财务数据对比。点击上方公司名可切换其他公司
Target Hospitality Corp.的季度营收约是Energy Recovery, Inc.的1.1倍（$73.5M vs $66.9M），Energy Recovery, Inc.净利率更高（40.2% vs -20.3%，领先60.6%），Target Hospitality Corp.同比增速更快（22.0% vs -0.3%），过去两年Energy Recovery, Inc.的营收复合增速更高（8.1% vs 0.7%）
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。
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
ERII vs TH — 直观对比
营收规模更大
TH
是对方的1.1倍
$66.9M
营收增速更快
TH
高出22.3%
-0.3%
净利率更高
ERII
高出60.6%
-20.3%
两年增速更快
ERII
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $73.5M |
| 净利润 | $26.9M | $-14.9M |
| 毛利率 | 67.2% | 9.6% |
| 营业利润率 | 46.8% | -22.9% |
| 净利率 | 40.2% | -20.3% |
| 营收同比 | -0.3% | 22.0% |
| 净利润同比 | 14.7% | -219.1% |
| 每股收益（稀释后） | $0.49 | $-0.14 |
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ERIITH
| Q4 25 | $66.9M | $73.5M | ||
| Q3 25 | $32.0M | $91.6M | ||
| Q2 25 | $28.1M | $54.9M | ||
| Q1 25 | — | $54.9M | ||
| Q4 24 | $67.1M | $60.2M | ||
| Q3 24 | $38.6M | $65.8M | ||
| Q2 24 | $27.2M | $67.5M | ||
| Q1 24 | $12.1M | $72.4M |
净利润ERIITH
| Q4 25 | $26.9M | $-14.9M | ||
| Q3 25 | $3.9M | $-795.0K | ||
| Q2 25 | $2.1M | $-14.9M | ||
| Q1 25 | — | $-6.5M | ||
| Q4 24 | $23.5M | $12.5M | ||
| Q3 24 | $8.5M | $20.0M | ||
| Q2 24 | $-642.0K | $18.4M | ||
| Q1 24 | $-8.3M | $20.4M |
毛利率ERIITH
| Q4 25 | 67.2% | 9.6% | ||
| Q3 25 | 64.2% | 19.6% | ||
| Q2 25 | 64.0% | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | 70.2% | 61.5% | ||
| Q3 24 | 65.1% | 68.7% | ||
| Q2 24 | 64.6% | 69.4% | ||
| Q1 24 | 59.0% | 67.8% |
营业利润率ERIITH
| Q4 25 | 46.8% | -22.9% | ||
| Q3 25 | 11.4% | 0.1% | ||
| Q2 25 | 5.3% | -30.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | 38.2% | 34.5% | ||
| Q3 24 | 18.3% | 42.5% | ||
| Q2 24 | -7.4% | 43.8% | ||
| Q1 24 | -90.4% | 42.0% |
净利率ERIITH
| Q4 25 | 40.2% | -20.3% | ||
| Q3 25 | 12.1% | -0.9% | ||
| Q2 25 | 7.3% | -27.2% | ||
| Q1 25 | — | -11.8% | ||
| Q4 24 | 35.0% | 20.8% | ||
| Q3 24 | 22.0% | 30.4% | ||
| Q2 24 | -2.4% | 27.2% | ||
| Q1 24 | -68.3% | 28.2% |
每股收益（稀释后）ERIITH
| Q4 25 | $0.49 | $-0.14 | ||
| Q3 25 | $0.07 | $-0.01 | ||
| Q2 25 | $0.04 | $-0.15 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | $0.40 | $0.12 | ||
| Q3 24 | $0.15 | $0.20 | ||
| Q2 24 | $-0.01 | $0.18 | ||
| Q1 24 | $-0.14 | $0.20 |
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 | $8.3M |
| 总债务越低越好 | — | $1.7M |
| 股东权益账面价值 | $206.2M | $389.3M |
| 总资产 | $231.5M | $530.2M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ERIITH
| Q4 25 | $75.2M | $8.3M | ||
| Q3 25 | $70.4M | $30.4M | ||
| Q2 25 | $79.5M | $19.2M | ||
| Q1 25 | — | $34.5M | ||
| Q4 24 | $78.0M | $190.7M | ||
| Q3 24 | $118.6M | $177.7M | ||
| Q2 24 | $101.0M | $154.3M | ||
| Q1 24 | $117.4M | $124.3M |
总债务ERIITH
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
股东权益ERIITH
| Q4 25 | $206.2M | $389.3M | ||
| Q3 25 | $180.8M | $402.4M | ||
| Q2 25 | $185.2M | $401.3M | ||
| Q1 25 | — | $415.3M | ||
| Q4 24 | $210.0M | $421.1M | ||
| Q3 24 | $233.9M | $417.6M | ||
| Q2 24 | $218.5M | $397.2M | ||
| Q1 24 | $216.0M | $375.5M |
总资产ERIITH
| Q4 25 | $231.5M | $530.2M | ||
| Q3 25 | $209.6M | $541.2M | ||
| Q2 25 | $212.3M | $533.7M | ||
| Q1 25 | — | $562.5M | ||
| Q4 24 | $242.8M | $725.8M | ||
| Q3 24 | $262.7M | $709.8M | ||
| Q2 24 | $249.0M | $697.0M | ||
| Q1 24 | $244.3M | $687.2M |
负债/权益比ERIITH
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| 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ERIITH
| Q4 25 | $7.1M | $5.7M | ||
| Q3 25 | $-3.1M | $53.4M | ||
| Q2 25 | $4.1M | $11.1M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | $9.0M | $30.6M | ||
| Q3 24 | $-3.0M | $31.4M | ||
| Q2 24 | $8.1M | $39.1M | ||
| Q1 24 | $6.5M | $50.6M |
自由现金流ERIITH
| Q4 25 | $6.4M | — | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $7.9M | — | ||
| Q1 24 | $5.7M | — |
自由现金流率ERIITH
| Q4 25 | 9.6% | — | ||
| Q3 25 | -10.9% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 28.9% | — | ||
| Q1 24 | 46.9% | — |
资本支出强度ERIITH
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 6.8% | — |
现金转化率ERIITH
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | 2.44× | ||
| Q3 24 | -0.35× | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
