vs
Energy Recovery, Inc.（ERII）与Velo3D, Inc.（VELO）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Velo3D, Inc.的7.1倍（$66.9M vs $9.4M）。Energy Recovery, Inc.净利率更高（40.2% vs -231.9%，领先272.2%）。Energy Recovery, Inc.同比增速更快（-0.3% vs -25.2%）。Energy Recovery, Inc.自由现金流更多（$6.4M vs $-8.3M）。过去两年Energy Recovery, Inc.的营收复合增速更高（135.2% vs -1.8%）
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。
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
ERII vs VELO — 直观对比
营收规模更大
ERII
是对方的7.1倍
$9.4M
营收增速更快
ERII
高出24.9%
-25.2%
净利率更高
ERII
高出272.2%
-231.9%
自由现金流更多
ERII
多$14.8M
$-8.3M
两年增速更快
ERII
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $9.4M |
| 净利润 | $26.9M | $-21.9M |
| 毛利率 | 67.2% | -73.6% |
| 营业利润率 | 46.8% | -231.0% |
| 净利率 | 40.2% | -231.9% |
| 营收同比 | -0.3% | -25.2% |
| 净利润同比 | 14.7% | -2.9% |
| 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ERIIVELO
| Q4 25 | $66.9M | $9.4M | ||
| Q3 25 | $32.0M | $13.6M | ||
| Q2 25 | $28.1M | $13.6M | ||
| Q1 25 | $8.1M | $9.3M | ||
| Q4 24 | $67.1M | $12.6M | ||
| Q3 24 | $38.6M | $8.2M | ||
| Q2 24 | $27.2M | $10.3M | ||
| Q1 24 | $12.1M | $9.8M |
净利润ERIIVELO
| Q4 25 | $26.9M | $-21.9M | ||
| Q3 25 | $3.9M | $-11.2M | ||
| Q2 25 | $2.1M | $-13.3M | ||
| Q1 25 | $-9.9M | $-25.0M | ||
| Q4 24 | $23.5M | $-21.3M | ||
| Q3 24 | $8.5M | $-21.9M | ||
| Q2 24 | $-642.0K | $935.0K | ||
| Q1 24 | $-8.3M | $-27.5M |
毛利率ERIIVELO
| Q4 25 | 67.2% | -73.6% | ||
| Q3 25 | 64.2% | 3.2% | ||
| Q2 25 | 64.0% | -11.7% | ||
| Q1 25 | 55.3% | 7.5% | ||
| Q4 24 | 70.2% | -3.5% | ||
| Q3 24 | 65.1% | 49.4% | ||
| Q2 24 | 64.6% | -28.0% | ||
| Q1 24 | 59.0% | -28.8% |
营业利润率ERIIVELO
| Q4 25 | 46.8% | -231.0% | ||
| Q3 25 | 11.4% | -73.3% | ||
| Q2 25 | 5.3% | -85.4% | ||
| Q1 25 | -155.8% | -123.6% | ||
| Q4 24 | 38.2% | -167.0% | ||
| Q3 24 | 18.3% | -213.8% | ||
| Q2 24 | -7.4% | -187.7% | ||
| Q1 24 | -90.4% | -211.1% |
净利率ERIIVELO
| Q4 25 | 40.2% | -231.9% | ||
| Q3 25 | 12.1% | -82.0% | ||
| Q2 25 | 7.3% | -97.7% | ||
| Q1 25 | -122.5% | -268.4% | ||
| Q4 24 | 35.0% | -168.5% | ||
| Q3 24 | 22.0% | -265.3% | ||
| Q2 24 | -2.4% | 9.0% | ||
| Q1 24 | -68.3% | -281.2% |
每股收益（稀释后）ERIIVELO
| Q4 25 | $0.49 | $-0.87 | ||
| Q3 25 | $0.07 | $-0.65 | ||
| Q2 25 | $0.04 | $-0.94 | ||
| Q1 25 | $-0.18 | $-1.87 | ||
| Q4 24 | $0.40 | $7.06 | ||
| Q3 24 | $0.15 | $-35.52 | ||
| Q2 24 | $-0.01 | $1.65 | ||
| Q1 24 | $-0.14 | $-55.51 |
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 | $39.0M |
| 总债务越低越好 | — | $31.0M |
| 股东权益账面价值 | $206.2M | $38.2M |
| 总资产 | $231.5M | $105.3M |
| 负债/权益比越低杠杆越低 | — | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资ERIIVELO
| Q4 25 | $75.2M | $39.0M | ||
| Q3 25 | $70.4M | $11.8M | ||
| Q2 25 | $79.5M | $854.0K | ||
| Q1 25 | $83.5M | $3.9M | ||
| Q4 24 | $78.0M | $1.2M | ||
| Q3 24 | $118.6M | $1.6M | ||
| Q2 24 | $101.0M | $3.2M | ||
| Q1 24 | $117.4M | $10.9M |
总债务ERIIVELO
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
股东权益ERIIVELO
| Q4 25 | $206.2M | $38.2M | ||
| Q3 25 | $180.8M | $29.9M | ||
| Q2 25 | $185.2M | $21.4M | ||
| Q1 25 | $198.1M | $32.8M | ||
| Q4 24 | $210.0M | $39.7M | ||
| Q3 24 | $233.9M | $34.4M | ||
| Q2 24 | $218.5M | $52.1M | ||
| Q1 24 | $216.0M | $45.5M |
总资产ERIIVELO
| Q4 25 | $231.5M | $105.3M | ||
| Q3 25 | $209.6M | $93.7M | ||
| Q2 25 | $212.3M | $78.4M | ||
| Q1 25 | $225.4M | $91.3M | ||
| Q4 24 | $242.8M | $89.2M | ||
| Q3 24 | $262.7M | $110.8M | ||
| Q2 24 | $249.0M | $116.7M | ||
| Q1 24 | $244.3M | $136.1M |
负债/权益比ERIIVELO
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-7.7M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $-8.3M |
| 自由现金流率自由现金流/营收 | 9.6% | -88.3% |
| 资本支出强度资本支出/营收 | 1.0% | 6.4% |
| 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 | $17.4M | — |
8季度趋势，按日历期对齐
经营现金流ERIIVELO
| Q4 25 | $7.1M | $-7.7M | ||
| Q3 25 | $-3.1M | $-6.0M | ||
| Q2 25 | $4.1M | $-1.2M | ||
| Q1 25 | $10.7M | $-12.3M | ||
| Q4 24 | $9.0M | $-2.2M | ||
| Q3 24 | $-3.0M | $-2.0M | ||
| Q2 24 | $8.1M | $-8.0M | ||
| Q1 24 | $6.5M | $-20.5M |
自由现金流ERIIVELO
| Q4 25 | $6.4M | $-8.3M | ||
| Q3 25 | $-3.5M | $-6.3M | ||
| Q2 25 | $4.0M | $-3.0M | ||
| Q1 25 | $10.5M | — | ||
| Q4 24 | $8.9M | $-2.2M | ||
| Q3 24 | $-3.2M | $-2.0M | ||
| Q2 24 | $7.9M | $-8.0M | ||
| Q1 24 | $5.7M | $-20.5M |
自由现金流率ERIIVELO
| Q4 25 | 9.6% | -88.3% | ||
| Q3 25 | -10.9% | -46.5% | ||
| Q2 25 | 14.3% | -22.2% | ||
| Q1 25 | 130.0% | — | ||
| Q4 24 | 13.2% | -17.7% | ||
| Q3 24 | -8.2% | -24.2% | ||
| Q2 24 | 28.9% | -77.1% | ||
| Q1 24 | 46.9% | -209.8% |
资本支出强度ERIIVELO
| Q4 25 | 1.0% | 6.4% | ||
| Q3 25 | 1.1% | 2.3% | ||
| Q2 25 | 0.5% | 13.3% | ||
| Q1 25 | 2.4% | 0.0% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 6.8% | 0.1% |
现金转化率ERIIVELO
| Q4 25 | 0.26× | — | ||
| Q3 25 | -0.81× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | — | ||
| Q2 24 | — | -8.52× | ||
| 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% |
VELO
暂无分部数据
