Energy Recovery, Inc.

ERIINASDAQIndustrials● Active

$8.09

+$0.08(+1.00%)

Market Cap$417006300

P/E Ratio—

52W High$18.32

52W Low$7.83

Avg Volume1.1M

Open$8.03

Beta0.92

Free Cash Flow Financials Revenue

Energy Recovery, Inc. (ERII) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ERII · free cash flow · updated Jun 8, 2026

Core FCF metrics

ERII · FCF · TTM · margin & CAGR

Free cash flow was $17.4M for FY2025 (fiscal year ending 2025-12-31), down 9.3% year-over-year The FCF margin was 12.9%. Five-year CAGR stands at +11.6%.

FY2025 Free Cash Flow$17.4M▼ -9.3% YoY

Trailing 12M (TTM)$27.2Mtrailing 4 quarters sum

FCF Margin12.9%$17.4M ÷ revenue

3-Year CAGR+22.4%FY2022 → FY2025

5-Year CAGR+11.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ERII · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$18.8M(1M)$17.4M▼ 9.3%12.9%

FY2024$20.5M(1M)$19.2M▼ 18.2%13.3%

FY2023$26.1M(3M)$23.5M▲ +147.2%18.3%

FY2022$12.6M(3M)$9.5M▲ +38.8%7.6%

FY2021$13.5M(7M)$6.8M▼ 32.1%6.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ERII · P/FCF · FCF yield · FCF per share

Energy Recovery, Inc. (ERII) trades at a FCF yield of 6.67% and a price-to-free-cash-flow ratio of 15.9x. FCF per share stands at $0.51, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.67%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.51

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ERII · cash flow statement · operating / investing / financing

For FY2025, Energy Recovery, Inc. generated $18.8M in operating cash flow and spent 1M in capital expenditures, yielding $17.4M in free cash flow.

Operating Activities

+$18.8M

Cash from core business operations

2025-12-31

Investing Activities

+$34.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$34.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($18.8M) − |CapEx| (1M) = FCF ($17.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

ERII vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Energy Recovery, Inc.YOU

ERII

$17.4M-9.3%12.9%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Energy Recovery, Inc. (ERII) reported free cash flow of $17.4M for FY2025 (fiscal year ending 2025-12-31), down 9.3% year-over-year. The FCF margin was 12.9%.

Based on available data, Energy Recovery, Inc. has maintained positive free cash flow for at least 10 fiscal year(s). FCF peaked at $68.5M in FY2015. The 5-year CAGR stands at +11.6%.

Energy Recovery, Inc.'s FCF yield is 6.67% and price-to-FCF ratio is 15.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ERII free cash flow · 8 questions

Energy Recovery, Inc. free cash flow was $17.4M for FY2025, down 9.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $27.2M.

ERII free cash flowERII FCFERII FCF 2025ERII free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Energy Recovery, Inc. · Energy Recovery, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026