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Energy Recovery, Inc.（ERII）与合众银行（WASH）财务数据对比。点击上方公司名可切换其他公司
Energy Recovery, Inc.的季度营收约是合众银行的1.2倍（$66.9M vs $57.8M），Energy Recovery, Inc.净利率更高（40.2% vs 21.8%，领先18.5%），过去两年合众银行的营收复合增速更高（9.5% 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。
美国合众银行是一家美国跨国金融机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年，该银行为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构。它主营银行、投资、抵押贷款等多元金融业务。
ERII vs WASH — 直观对比
营收规模更大
ERII
是对方的1.2倍
$57.8M
净利率更高
ERII
高出18.5%
21.8%
两年增速更快
WASH
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $57.8M |
| 净利润 | $26.9M | $12.6M |
| 毛利率 | 67.2% | — |
| 营业利润率 | 46.8% | — |
| 净利率 | 40.2% | 21.8% |
| 营收同比 | -0.3% | — |
| 净利润同比 | 14.7% | 3.5% |
| 每股收益（稀释后） | $0.49 | $0.66 |
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ERIIWASH
| Q1 26 | — | $57.8M | ||
| Q4 25 | $66.9M | $59.3M | ||
| Q3 25 | $32.0M | $56.5M | ||
| Q2 25 | $28.1M | $54.3M | ||
| Q1 25 | — | $59.1M | ||
| Q4 24 | $67.1M | $12.4M | ||
| Q3 24 | $38.6M | $48.5M | ||
| Q2 24 | $27.2M | $48.2M |
净利润ERIIWASH
| Q1 26 | — | $12.6M | ||
| Q4 25 | $26.9M | $16.0M | ||
| Q3 25 | $3.9M | $10.8M | ||
| Q2 25 | $2.1M | $13.2M | ||
| Q1 25 | — | $12.2M | ||
| Q4 24 | $23.5M | $-60.8M | ||
| Q3 24 | $8.5M | $11.0M | ||
| Q2 24 | $-642.0K | $10.8M |
毛利率ERIIWASH
| 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ERIIWASH
| Q1 26 | — | — | ||
| Q4 25 | 46.8% | 34.9% | ||
| Q3 25 | 11.4% | 24.7% | ||
| Q2 25 | 5.3% | 31.6% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | 38.2% | -648.7% | ||
| Q3 24 | 18.3% | 28.5% | ||
| Q2 24 | -7.4% | 28.7% |
净利率ERIIWASH
| Q1 26 | — | 21.8% | ||
| Q4 25 | 40.2% | 27.0% | ||
| Q3 25 | 12.1% | 19.2% | ||
| Q2 25 | 7.3% | 24.4% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | 35.0% | -491.4% | ||
| Q3 24 | 22.0% | 22.6% | ||
| Q2 24 | -2.4% | 22.4% |
每股收益（稀释后）ERIIWASH
| Q1 26 | — | $0.66 | ||
| Q4 25 | $0.49 | $0.84 | ||
| Q3 25 | $0.07 | $0.56 | ||
| Q2 25 | $0.04 | $0.68 | ||
| Q1 25 | — | $0.63 | ||
| Q4 24 | $0.40 | $-3.54 | ||
| Q3 24 | $0.15 | $0.64 | ||
| Q2 24 | $-0.01 | $0.63 |
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 | $12.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $206.2M | $546.8M |
| 总资产 | $231.5M | $6.5B |
| 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ERIIWASH
| Q1 26 | — | $12.3M | ||
| Q4 25 | $75.2M | — | ||
| Q3 25 | $70.4M | — | ||
| Q2 25 | $79.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $78.0M | — | ||
| Q3 24 | $118.6M | — | ||
| Q2 24 | $101.0M | — |
股东权益ERIIWASH
| Q1 26 | — | $546.8M | ||
| Q4 25 | $206.2M | $543.6M | ||
| Q3 25 | $180.8M | $533.0M | ||
| Q2 25 | $185.2M | $527.5M | ||
| Q1 25 | — | $521.7M | ||
| Q4 24 | $210.0M | $499.7M | ||
| Q3 24 | $233.9M | $502.2M | ||
| Q2 24 | $218.5M | $471.0M |
总资产ERIIWASH
| Q1 26 | — | $6.5B | ||
| Q4 25 | $231.5M | $6.6B | ||
| Q3 25 | $209.6M | $6.7B | ||
| Q2 25 | $212.3M | $6.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | $242.8M | $6.9B | ||
| Q3 24 | $262.7M | $7.1B | ||
| Q2 24 | $249.0M | $7.2B |
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ERIIWASH
| Q1 26 | — | — | ||
| Q4 25 | $7.1M | $80.3M | ||
| Q3 25 | $-3.1M | $39.6M | ||
| Q2 25 | $4.1M | $11.3M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | $9.0M | $57.7M | ||
| Q3 24 | $-3.0M | $25.7M | ||
| Q2 24 | $8.1M | $11.2M |
自由现金流ERIIWASH
| Q1 26 | — | — | ||
| Q4 25 | $6.4M | $78.3M | ||
| Q3 25 | $-3.5M | $39.3M | ||
| Q2 25 | $4.0M | $10.9M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | $8.9M | $53.7M | ||
| Q3 24 | $-3.2M | $24.4M | ||
| Q2 24 | $7.9M | $9.6M |
自由现金流率ERIIWASH
| Q1 26 | — | — | ||
| Q4 25 | 9.6% | 132.2% | ||
| Q3 25 | -10.9% | 69.6% | ||
| Q2 25 | 14.3% | 20.2% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | 13.2% | 433.8% | ||
| Q3 24 | -8.2% | 50.4% | ||
| Q2 24 | 28.9% | 19.8% |
资本支出强度ERIIWASH
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 3.4% | ||
| Q3 25 | 1.1% | 0.6% | ||
| Q2 25 | 0.5% | 0.7% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 0.2% | 32.3% | ||
| Q3 24 | 0.4% | 2.6% | ||
| Q2 24 | 0.7% | 3.4% |
现金转化率ERIIWASH
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 5.03× | ||
| Q3 25 | -0.81× | 3.65× | ||
| Q2 25 | 2.02× | 0.86× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | -0.35× | 2.34× | ||
| Q2 24 | — | 1.03× |
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% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
