vs
Energy Recovery, Inc.（ERII）与TELOS CORP（TLS）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TELOS CORP的1.4倍（$66.9M vs $46.8M），Energy Recovery, Inc.净利率更高（40.2% vs -34.9%，领先75.1%），TELOS CORP同比增速更快（77.4% vs -0.3%），TELOS CORP自由现金流更多（$8.0M vs $6.4M），过去两年TELOS CORP的营收复合增速更高（25.7% 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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
ERII vs TLS — 直观对比
营收规模更大
ERII
是对方的1.4倍
$46.8M
营收增速更快
TLS
高出77.7%
-0.3%
净利率更高
ERII
高出75.1%
-34.9%
自由现金流更多
TLS
多$1.5M
$6.4M
两年增速更快
TLS
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $46.8M |
| 净利润 | $26.9M | $-16.3M |
| 毛利率 | 67.2% | 35.0% |
| 营业利润率 | 46.8% | -39.6% |
| 净利率 | 40.2% | -34.9% |
| 营收同比 | -0.3% | 77.4% |
| 净利润同比 | 14.7% | -74.8% |
| 每股收益（稀释后） | $0.49 | $-0.22 |
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ERIITLS
| Q4 25 | $66.9M | $46.8M | ||
| Q3 25 | $32.0M | $51.4M | ||
| Q2 25 | $28.1M | $36.0M | ||
| Q1 25 | — | $30.6M | ||
| Q4 24 | $67.1M | $26.4M | ||
| Q3 24 | $38.6M | $23.8M | ||
| Q2 24 | $27.2M | $28.5M | ||
| Q1 24 | $12.1M | $29.6M |
净利润ERIITLS
| Q4 25 | $26.9M | $-16.3M | ||
| Q3 25 | $3.9M | $-2.1M | ||
| Q2 25 | $2.1M | $-9.5M | ||
| Q1 25 | — | $-8.6M | ||
| Q4 24 | $23.5M | $-9.3M | ||
| Q3 24 | $8.5M | $-28.1M | ||
| Q2 24 | $-642.0K | $-7.8M | ||
| Q1 24 | $-8.3M | $-7.4M |
毛利率ERIITLS
| Q4 25 | 67.2% | 35.0% | ||
| Q3 25 | 64.2% | 39.9% | ||
| Q2 25 | 64.0% | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | 70.2% | 40.3% | ||
| Q3 24 | 65.1% | 13.2% | ||
| Q2 24 | 64.6% | 34.1% | ||
| Q1 24 | 59.0% | 37.0% |
营业利润率ERIITLS
| Q4 25 | 46.8% | -39.6% | ||
| Q3 25 | 11.4% | -4.8% | ||
| Q2 25 | 5.3% | -27.5% | ||
| Q1 25 | — | -29.5% | ||
| Q4 24 | 38.2% | -37.6% | ||
| Q3 24 | 18.3% | -121.4% | ||
| Q2 24 | -7.4% | -30.3% | ||
| Q1 24 | -90.4% | -28.5% |
净利率ERIITLS
| Q4 25 | 40.2% | -34.9% | ||
| Q3 25 | 12.1% | -4.1% | ||
| Q2 25 | 7.3% | -26.5% | ||
| Q1 25 | — | -28.1% | ||
| Q4 24 | 35.0% | -35.4% | ||
| Q3 24 | 22.0% | -118.0% | ||
| Q2 24 | -2.4% | -27.2% | ||
| Q1 24 | -68.3% | -24.9% |
每股收益（稀释后）ERIITLS
| Q4 25 | $0.49 | $-0.22 | ||
| Q3 25 | $0.07 | $-0.03 | ||
| Q2 25 | $0.04 | $-0.13 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | $0.40 | $-0.13 | ||
| Q3 24 | $0.15 | $-0.39 | ||
| Q2 24 | $-0.01 | $-0.11 | ||
| Q1 24 | $-0.14 | $-0.10 |
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 | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $206.2M | $96.0M |
| 总资产 | $231.5M | $139.9M |
| 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ERIITLS
| Q4 25 | $75.2M | $53.2M | ||
| Q3 25 | $70.4M | $59.0M | ||
| Q2 25 | $79.5M | $57.0M | ||
| Q1 25 | — | $57.8M | ||
| Q4 24 | $78.0M | $54.6M | ||
| Q3 24 | $118.6M | $69.8M | ||
| Q2 24 | $101.0M | $80.1M | ||
| Q1 24 | $117.4M | $93.9M |
股东权益ERIITLS
| Q4 25 | $206.2M | $96.0M | ||
| Q3 25 | $180.8M | $119.7M | ||
| Q2 25 | $185.2M | $118.4M | ||
| Q1 25 | — | $126.1M | ||
| Q4 24 | $210.0M | $127.1M | ||
| Q3 24 | $233.9M | $129.5M | ||
| Q2 24 | $218.5M | $149.1M | ||
| Q1 24 | $216.0M | $154.4M |
总资产ERIITLS
| Q4 25 | $231.5M | $139.9M | ||
| Q3 25 | $209.6M | $164.3M | ||
| Q2 25 | $212.3M | $165.0M | ||
| Q1 25 | — | $158.1M | ||
| Q4 24 | $242.8M | $158.2M | ||
| Q3 24 | $262.7M | $166.3M | ||
| Q2 24 | $249.0M | $182.4M | ||
| Q1 24 | $244.3M | $195.4M |
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 | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $8.0M |
| 自由现金流率自由现金流/营收 | 9.6% | 17.0% |
| 资本支出强度资本支出/营收 | 1.0% | 0.1% |
| 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 | $29.4M |
8季度趋势，按日历期对齐
经营现金流ERIITLS
| Q4 25 | $7.1M | $8.0M | ||
| Q3 25 | $-3.1M | $9.1M | ||
| Q2 25 | $4.1M | $7.0M | ||
| Q1 25 | — | $6.1M | ||
| Q4 24 | $9.0M | $-10.5M | ||
| Q3 24 | $-3.0M | $-7.1M | ||
| Q2 24 | $8.1M | $-8.0M | ||
| Q1 24 | $6.5M | $-350.0K |
自由现金流ERIITLS
| Q4 25 | $6.4M | $8.0M | ||
| Q3 25 | $-3.5M | $8.7M | ||
| Q2 25 | $4.0M | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | $8.9M | $-12.4M | ||
| Q3 24 | $-3.2M | $-7.1M | ||
| Q2 24 | $7.9M | $-8.2M | ||
| Q1 24 | $5.7M | $-447.0K |
自由现金流率ERIITLS
| Q4 25 | 9.6% | 17.0% | ||
| Q3 25 | -10.9% | 16.9% | ||
| Q2 25 | 14.3% | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | 13.2% | -47.0% | ||
| Q3 24 | -8.2% | -30.0% | ||
| Q2 24 | 28.9% | -28.9% | ||
| Q1 24 | 46.9% | -1.5% |
资本支出强度ERIITLS
| Q4 25 | 1.0% | 0.1% | ||
| Q3 25 | 1.1% | 0.9% | ||
| Q2 25 | 0.5% | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 0.2% | 7.1% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 0.7% | 0.8% | ||
| Q1 24 | 6.8% | 0.3% |
现金转化率ERIITLS
| 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 | — | — |
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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
