Energy Recovery Inc (ERII) - Net Assets
Based on the latest financial reports, Energy Recovery Inc (ERII) has net assets worth $184.28 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($208.99 Million) and total liabilities ($24.70 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash efficiency ratio of Energy Recovery Inc to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $184.28 Million |
| % of Total Assets | 88.18% |
| Annual Growth Rate | 26.19% |
| 5-Year Change | 15.33% |
| 10-Year Change | 216.57% |
| Growth Volatility | 174.81 |
Energy Recovery Inc - Net Assets Trend (2003–2025)
This chart illustrates how Energy Recovery Inc's net assets have evolved over time, based on quarterly financial data. Explore ERII long-term investment intensity to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Energy Recovery Inc (2003–2025)
The table below shows the annual net assets of Energy Recovery Inc from 2003 to 2025. For live valuation and market cap data, see Energy Recovery Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $206.19 Million | -1.82% |
| 2024-12-31 | $210.01 Million | -4.46% |
| 2023-12-31 | $219.81 Million | +18.60% |
| 2022-12-31 | $185.34 Million | +3.67% |
| 2021-12-31 | $178.78 Million | +4.17% |
| 2020-12-31 | $171.62 Million | +26.18% |
| 2019-12-31 | $136.01 Million | +19.96% |
| 2018-12-31 | $113.38 Million | +37.38% |
| 2017-12-31 | $82.53 Million | +26.71% |
| 2016-12-31 | $65.13 Million | +2.32% |
| 2015-12-31 | $63.66 Million | -8.95% |
| 2014-12-31 | $69.92 Million | -19.56% |
| 2013-12-31 | $86.92 Million | -0.53% |
| 2012-12-31 | $87.38 Million | -9.87% |
| 2011-12-31 | $96.95 Million | -19.74% |
| 2010-12-31 | $120.80 Million | -0.14% |
| 2009-12-31 | $120.97 Million | +13.06% |
| 2008-12-31 | $107.00 Million | +433.37% |
| 2007-12-31 | $20.06 Million | +146.84% |
| 2006-12-31 | $8.13 Million | +718.43% |
| 2004-12-31 | $993.00K | -19.60% |
| 2003-12-31 | $1.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Energy Recovery Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 12866800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $128.67 Million | 62.40% |
| Common Stock | $67.00K | 0.03% |
| Other Comprehensive Income | $-94.00K | -0.05% |
| Other Components | $77.55 Million | 37.61% |
| Total Equity | $206.19 Million | 100.00% |
Energy Recovery Inc Competitors by Market Cap
The table below lists competitors of Energy Recovery Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cub Elecparts Inc
TW:2231
|
$447.53 Million |
|
Hankook Shell Oil
KO:002960
|
$447.54 Million |
|
Deutsche Beteiligungs AG
XETRA:DBAN
|
$447.71 Million |
|
Huchems
KO:069260
|
$447.78 Million |
|
Fulcrum Therapeutics Inc
NASDAQ:FULC
|
$447.28 Million |
|
Capital Futures Corp
TW:6024
|
$447.27 Million |
|
Feedback Technology
TWO:8091
|
$447.14 Million |
|
Jw Pharmac
KO:001060
|
$446.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Energy Recovery Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 210,010,000 to 206,192,000, a change of -3,818,000 (-1.8%).
- Net income of 22,962,000 contributed positively to equity growth.
- Share repurchases of 35,623,000 reduced equity.
- New share issuances of 1,796,000 increased equity.
- Other comprehensive income decreased equity by 192,000.
- Other factors increased equity by 7,239,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $22.96 Million | +11.14% |
| Share Repurchases | $35.62 Million | -17.28% |
| Share Issuances | $1.80 Million | +0.87% |
| Other Comprehensive Income | $-192.00K | -0.09% |
| Other Changes | $7.24 Million | +3.51% |
| Total Change | $- | -1.82% |
Book Value vs Market Value Analysis
This analysis compares Energy Recovery Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 231.49x to 2.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $0.04 | $8.68 | x |
| 2004-12-31 | $0.03 | $8.68 | x |
| 2006-12-31 | $0.20 | $8.68 | x |
| 2007-12-31 | $0.48 | $8.68 | x |
| 2008-12-31 | $2.26 | $8.68 | x |
| 2009-12-31 | $2.30 | $8.68 | x |
| 2010-12-31 | $2.32 | $8.68 | x |
| 2011-12-31 | $1.84 | $8.68 | x |
| 2012-12-31 | $1.70 | $8.68 | x |
| 2013-12-31 | $1.70 | $8.68 | x |
| 2014-12-31 | $1.35 | $8.68 | x |
| 2015-12-31 | $1.22 | $8.68 | x |
| 2016-12-31 | $1.17 | $8.68 | x |
| 2017-12-31 | $1.48 | $8.68 | x |
| 2018-12-31 | $2.05 | $8.68 | x |
| 2019-12-31 | $2.43 | $8.68 | x |
| 2020-12-31 | $3.03 | $8.68 | x |
| 2021-12-31 | $3.04 | $8.68 | x |
| 2022-12-31 | $3.22 | $8.68 | x |
| 2023-12-31 | $3.81 | $8.68 | x |
| 2024-12-31 | $3.63 | $8.68 | x |
| 2025-12-31 | $3.81 | $8.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Energy Recovery Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.05%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.12x
- Recent ROE (11.14%) is above the historical average (2.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 14.09% | 4.30% | 1.65x | 1.98x | $50.50K |
| 2004 | -50.96% | -12.50% | 1.33x | 3.08x | $-605.30K |
| 2006 | 29.31% | 11.88% | 1.48x | 1.67x | $1.57 Million |
| 2007 | 28.88% | 16.36% | 1.30x | 1.36x | $3.79 Million |
| 2008 | 8.10% | 16.62% | 0.43x | 1.13x | $-2.04 Million |
| 2009 | 3.05% | 7.84% | 0.33x | 1.18x | $-8.41 Million |
| 2010 | -2.99% | -7.87% | 0.34x | 1.11x | $-15.69 Million |
| 2011 | -27.27% | -94.28% | 0.25x | 1.14x | $-36.14 Million |
| 2012 | -9.45% | -19.36% | 0.41x | 1.20x | $-16.99 Million |
| 2013 | -3.57% | -7.22% | 0.42x | 1.18x | $-11.80 Million |
| 2014 | -26.75% | -61.48% | 0.35x | 1.23x | $-25.70 Million |
| 2015 | -18.28% | -26.03% | 0.29x | 2.38x | $-18.00 Million |
| 2016 | 1.59% | 1.89% | 0.37x | 2.29x | $-5.48 Million |
| 2017 | 14.96% | 19.55% | 0.39x | 1.96x | $4.10 Million |
| 2018 | 19.49% | 29.65% | 0.41x | 1.59x | $10.76 Million |
| 2019 | 8.02% | 14.98% | 0.39x | 1.39x | $-2.69 Million |
| 2020 | 15.37% | 28.65% | 0.45x | 1.19x | $9.22 Million |
| 2021 | 7.98% | 13.73% | 0.49x | 1.20x | $-3.61 Million |
| 2022 | 12.98% | 19.15% | 0.58x | 1.17x | $5.52 Million |
| 2023 | 9.78% | 16.75% | 0.51x | 1.15x | $-476.80K |
| 2024 | 10.98% | 15.90% | 0.60x | 1.16x | $2.05 Million |
| 2025 | 11.14% | 17.05% | 0.58x | 1.12x | $2.34 Million |
Industry Comparison
This section compares Energy Recovery Inc's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $137,041,454
- Average return on equity (ROE) among peers: -10.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Energy Recovery Inc (ERII) | $184.28 Million | 14.09% | 0.13x | $447.41 Million |
| Arq Inc (ARQ) | $147.30 Million | 41.01% | 0.26x | $113.33 Million |
| CECO Environmental Corp. (CECO) | $193.02 Million | 9.17% | 1.15x | $2.93 Billion |
| ClearSign Combustion Corporation (CLIR) | $9.23 Million | -90.81% | 0.19x | $24.07 Million |
| Euro Tech Holdings Company Ltd (CLWT) | $16.62 Million | 1.39% | 0.39x | $8.78 Million |
| DevvStream Corp. Common Stock (DEVS) | $-54.76K | 0.00% | 0.00x | $1.54 Million |
| Federal Signal Corporation (FSS) | $412.70 Million | -0.56% | 1.73x | $7.10 Billion |
| Fuel Tech Inc (FTEK) | $34.34 Million | -31.98% | 0.47x | $47.06 Million |
| LiqTech International Inc (LIQT) | $-11.15K | 0.00% | 0.00x | $12.48 Million |
| Purecycle Technologies Holdings Corp (PCT) | $420.24 Million | -24.20% | 1.47x | $1.77 Billion |
About Energy Recovery Inc
Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East, Northern Africa, Asia, and Europe. It operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra high-pressure exchangers; AT and LPT hydraulic turbo… Read more