All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2018-04-13.
From the record
Energy Recovery, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2018-04-13) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+9.9% a year over 10 filed years; profitable in 10 of 10.
From the record
Energy Recovery, Inc.'s 10 filed years say what it did: revenue went from $58 million in fiscal 2016 to $135 million in fiscal 2025, up 9.9% a year; it rose in 7 of 9 years; the deepest fall was 13% from fiscal 2020 to fiscal 2021; net income was positive in 10 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count shrank 2.1% a year. 100% of cash flow returned. Insiders: 19 sales, 2 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Energy Recovery, Inc.'s diluted share count shrank about 2.1% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 19 sales (8 under scheduled 10b5-1 plans) and 2 purchases of their own stock on the open market in the year to 2026-10-23, buying about $266 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 11%: 11¢ of profit per shareholder dollar. Leverage 11%: owes 11¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Energy Recovery, Inc. earned about 11 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 38 cents per dollar of everything the company owns. Leverage: it owed about 11 cents per dollar of assets, and net share issuance: its share count shrank 6.3% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 39% of 13 in its family; net margin 17%.
From the record
Energy Recovery, Inc.'s standing among 13 graded names in its industry family: revenue of $135 million in fiscal 2025 ranks in the bottom 46% by size; a net margin of 17% ranks in the top 19%; revenue growth of 2.4% a year over the last 3 filed years ranks in the top 42% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 29% of 12 in its family for leadership; chief executive since 2026.
From the record
Energy Recovery, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Buehler, Alexander J (Interim President and CEO, as filed), filing under that title since 2026-06-17, 5 months (bottom 29% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 3.3 years (bottom 38%); 12 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 21%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 36% of 13 in its family for room to expand.
From the record
Energy Recovery, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $48 million against no long-term debt tagged leaves 20.8% of its assets as net cash, top 35% of its family; cash from operations less capital spending is 12.9% of revenue (top 35%); a gross margin of 65.1% (top 4%); research spending of 9.7% of revenue (bottom 29%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 23% of 13 in its family for growth drivers.
From the record
Energy Recovery, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.4% a year over the last three filed years against 9.9% over all 10, slowing (bottom 35% of its family); the newest year grew -6.9% (bottom 27%); research spending grew -10% a year (bottom 12%); capital spending grew -32% a year (bottom 21%) (its annual reports). Energy Recovery, Inc. reported 2 lines of business in fiscal 2025: Water at $135 million (100%), Emerging Technologies at $285 thousand (0%); 0 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 45% of 13 in its family for expectations against reality.
From the record
Energy Recovery, Inc.'s newest year against its own record: revenue of $135 million in fiscal 2025 came in 13.3% below the $156 million its prior three years' pace pointed to (bottom 27% of its family); net income of $23 million against a prior three-year average of $23 million (top 50%); a net margin of 17% against 17.3% before (top 42%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made