ERIIEnergy Recovery, Inc.
Special Industry Machinery, NEC
- Revenue
- $135M
- 6.9% YoY
- Operating margin
- 17.7%
- 30% YoY
- EBITDA
- $28M
- 16% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -2.2×
- −$61M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear82% of net incomeCash flow under 80% of net income
- Dilutive SBCClear6% of revenueOver 10% of revenue
- Payouts exceed cash flowFired190% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear6% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $104M | $126M | $128M | $145M | $135M | 6.9% |
| Operating income | $14M | $25M | $19M | $20M | $24M | 21% |
| Net income | $14M | $24M | $22M | $23M | $23M | 0.4% |
| Operating cash flow | $14M | $13M | $26M | $21M | $19M | 8.5% |
| Capex | $7M | $4M | $3M | $1M | $1M | 2.5% |
| Stock-based comp | $6M | $7M | $8M | $10M | $8M | 25% |
| Buybacks | $23M | $27M | $0 | $50M | $36M | 29% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $3M | 99 | 165 |
| FY2024 | $4M | $3M | 150 | 216 |
| FY2023 | $2M | $2M | 192 | 178 |
| FY2022 | $2M | $2M | 209 | 136 |
| FY2021 | $2M | $5M | 220 | 161 |