ERII
Energy Recovery, Inc.
ERII trails on the overall score without a compensating advantage in the available component scores.
RDW
Redwire Corporation
RDW has the edge over ERII overall, supported by stronger modeled upside and stronger valuation.
ERII Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| Strong | |
| Strong |
ERII's cash flow and balance sheet are currently strong, and its profitability is stable, but its revenue is weak.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
ERII PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 33x | $2.62 | -64% |
| Fair | 44x | $3.49 | -51% |
| Expensive | 85x | $6.82 | -4.8% |
| Current | 90x | $7.17 | — |
Historical ranges are pointers, not guarantees.
ERII's PE is in its expensive range at 90x.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
ERII Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Turning to a loss | |
| Strong decline | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect ERII's earnings and revenue to decline, with profitability weakening. However, they disagree widely on these estimates.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over ERII on the outlook, with more favorable earnings and revenue expectations.
ERII Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.08 | -76% |
| Q2 2026 | $0.27 | -34% |
| Q1 2026 | $0.37 | +2.8% |
| Q4 2025 | $0.42 | +5% |
| Q3 2025 | $0.33 | -2.9% |
| Q2 2025 | $0.41 | +14% |
| Q1 2025 | $0.36 | +5.9% |
| Q4 2024 | $0.40 | +8.1% |
ERII has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
ERII Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11.2M | -65% |
| Q2 2026 | $12M | -57% |
| Q1 2026 | $9.7M | +20% |
| Q4 2025 | $66.9M | -0.3% |
| Q3 2025 | $32M | -17% |
| Q2 2025 | $28.1M | +3.1% |
| Q1 2025 | $8.1M | -33% |
| Q4 2024 | $67.1M | +17% |
ERII's revenue has slid since its 2024 peak: $11M last quarter, down 65% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -87% | -99 points |
| Q2 2026 | -49% | -54 points |
| Q1 2026 | -153% | +2.7 points |
| Q4 2025 | 47% | +8.6 points |
| Q3 2025 | 11% | -6.8 points |
| Q2 2025 | 5.3% | +13 points |
| Q1 2025 | -156% | -65 points |
| Q4 2024 | 38% | +2.1 points |
ERII's operating margin was −87% last quarter, down 99 points from the same quarter a year ago.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over ERII on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW has the edge over ERII on profitability, with a higher operating margin.
ERII Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$9.7M | -$6.2M |
| Q2 2026 | $15.4M | +285% |
| Q1 2026 | $20.2M | +93% |
| Q4 2025 | $6.4M | -28% |
| Q3 2025 | -$3.5M | -$301K |
| Q2 2025 | $4M | -49% |
| Q1 2025 | $10.5M | +85% |
| Q4 2024 | $8.9M | -29% |
ERII has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
ERII Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -430K shares |
| 1 year | -4.6% | -2.4M shares |
| 3 years | -12% | -6.9M shares |
| 5 years | -13% | -7.7M shares |
| Available history | -9% | -5M shares |
ERII has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.4M |
| Q2 2026 | $10M |
| Q1 2026 | $10.7M |
| Q4 2025 | $3.4M |
| Q3 2025 | $10.6M |
| Q2 2025 | $17.1M |
| Q1 2025 | $4.5M |
| Q4 2023 | — |
ERII spent $26M buying back its own shares over the past year.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
ERII Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -9.0x | Net Cash |
| Q2 2026 | -3.4x | Net Cash |
| Q1 2026 | -2.0x | Net Cash |
| Q4 2025 | -1.7x | Net Cash |
| Q3 2025 | -2.1x | Net Cash |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -2.2x | Net Cash |
| Q4 2024 | -1.3x | Net Cash |
ERII has more cash than debt.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ERII Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.8 | Neutral |
| Stochastic | 27.1 | Neutral |
ERII's weekly RSI is 37 (neutral) and its Stochastic is 27 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
ERII PE vs Industrials Sector
| Metric | ERII | Sector median | Relative |
|---|---|---|---|
| PE | 90x | 24x | 272% above |
| PE % | 87 | 58 | 29 pts above |
ERII is trading at 90x earnings, a 272% premium to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
ERII Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.88 | 4.2% above |
| 20 week MA | $7.66 | 6.4% below |
| 50 week MA | $10.1 | 29% below |
| 100 week MA | $12.3 | 42% below |
| 200 week MA | $15.8 | 55% below |
ERII has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
ERII Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.97 | $13.7 | +37% |
| 2021 | $13.7 | $21.1 | +55% |
| 2022 | $21.1 | $21.0 | -0.7% |
| 2023 | $21.0 | $18.8 | -10% |
| 2024 | $18.8 | $14.9 | -21% |
| 2025 | $14.9 | $13.9 | -6.6% |
| 2026 YTD | $13.9 | $7.17 | -48% |
ERII has finished four years in a row lower, and it's down 48% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over ERII on returns for 2026, with the stronger performance.