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Energy Recovery Valuation Multiples
Discover revenue and EBITDA valuation multiples for Energy Recovery and similar public comparables like Nilfisk Holding, Columbus McKinnon, Nederman Holding, Rosenbauer International and more.
Energy Recovery Overview
About Energy Recovery
Energy Recovery Inc is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing and supplying solutions that make industrial processes more efficient and sustainable. The company operates in three segments, Water, Emerging Technologies and Corporate. It offers energy recovery devices (ERDs) and pumps as well as related products and services to the reverse osmosis desalination market. The company derives a majority of the revenue from the Water segment. Geographically, the company operates in the U.S. and other international countries.
Founded
1992
HQ

Employees
254
Website
Financials (LTM)
EV
$501M
Energy Recovery Financials
Energy Recovery reported last 12-month revenue of $132M and EBITDA of $38M.
In the same LTM period, Energy Recovery generated $87M in gross profit, $38M in EBITDA, and $23M in net income.
Revenue (LTM)
Energy Recovery P&L
In the most recent fiscal year, Energy Recovery reported revenue of $135M and EBITDA of $38M.
Energy Recovery expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $132M | XXX | $135M | XXX | XXX | XXX |
| Gross Profit | $87M | XXX | $88M | XXX | XXX | XXX |
| Gross Margin | 65% | XXX | 65% | XXX | XXX | XXX |
| EBITDA | $38M | XXX | $38M | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| Net Profit | $23M | XXX | $23M | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 17% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Energy Recovery Stock Performance
Energy Recovery has current market cap of $566M, and enterprise value of $501M.
Market Cap Evolution
Energy Recovery's stock price is $10.72.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $501M | $566M | 0.0% | XXX | XXX | XXX | $0.43 |
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Start Free TrialEnergy Recovery Valuation Multiples
Energy Recovery trades at 3.8x EV/Revenue multiple, and 13.3x EV/EBITDA.
EV / Revenue (LTM)
Energy Recovery Financial Valuation Multiples
As of March 15, 2026, Energy Recovery has market cap of $566M and EV of $501M.
Equity research analysts estimate Energy Recovery's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Energy Recovery has a P/E ratio of 24.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $566M | XXX | $566M | XXX | XXX | XXX |
| EV (current) | $501M | XXX | $501M | XXX | XXX | XXX |
| EV/Revenue | 3.8x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | 13.3x | XXX | 13.3x | XXX | XXX | XXX |
| EV/EBIT | 21.0x | XXX | 20.7x | XXX | XXX | XXX |
| EV/Gross Profit | 5.8x | XXX | 5.7x | XXX | XXX | XXX |
| P/E | 24.6x | XXX | 24.7x | XXX | XXX | XXX |
| EV/FCF | 10.4x | XXX | 9.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Energy Recovery Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Energy Recovery Margins & Growth Rates
Energy Recovery's revenue in the last 12 month declined by (5%).
Energy Recovery's revenue per employee in the last FY averaged $0.5M.
Energy Recovery's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Energy Recovery's rule of X is 17% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Energy Recovery Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (5%) | XXX | (10%) | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 17% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 16% | XXX | 16% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 22% | XXX | 22% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 47% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Energy Recovery Public Comps
See public comps and valuation multiples for other Machinery and Waste & Environmental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nilfisk Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Columbus McKinnon | XXX | XXX | XXX | XXX | XXX | XXX |
| Nederman Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Rosenbauer International | XXX | XXX | XXX | XXX | XXX | XXX |
| Richtech Robotics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Energy Recovery M&A Activity
Energy Recovery acquired XXX companies to date.
Last acquisition by Energy Recovery was on XXXXXXXX, XXXXX. Energy Recovery acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Energy Recovery
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialEnergy Recovery Investment Activity
Energy Recovery invested in XXX companies to date.
Energy Recovery made its latest investment on XXXXXXXX, XXXXX. Energy Recovery invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Energy Recovery
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Energy Recovery
| When was Energy Recovery founded? | Energy Recovery was founded in 1992. |
| Where is Energy Recovery headquartered? | Energy Recovery is headquartered in United States. |
| How many employees does Energy Recovery have? | As of today, Energy Recovery has over 254 employees. |
| Who is the CEO of Energy Recovery? | Energy Recovery's CEO is David W. Moon. |
| Is Energy Recovery publicly listed? | Yes, Energy Recovery is a public company listed on Nasdaq. |
| What is the stock symbol of Energy Recovery? | Energy Recovery trades under ERII ticker. |
| When did Energy Recovery go public? | Energy Recovery went public in 2008. |
| Who are competitors of Energy Recovery? | Energy Recovery main competitors are Nilfisk Holding, Columbus McKinnon, Nederman Holding, Rosenbauer International. |
| What is the current market cap of Energy Recovery? | Energy Recovery's current market cap is $566M. |
| What is the current revenue of Energy Recovery? | Energy Recovery's last 12 months revenue is $132M. |
| What is the current revenue growth of Energy Recovery? | Energy Recovery revenue growth (NTM/LTM) is (5%). |
| What is the current EV/Revenue multiple of Energy Recovery? | Current revenue multiple of Energy Recovery is 3.8x. |
| Is Energy Recovery profitable? | Yes, Energy Recovery is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Energy Recovery? | Energy Recovery's last 12 months EBITDA is $38M. |
| What is Energy Recovery's EBITDA margin? | Energy Recovery's last 12 months EBITDA margin is 28%. |
| What is the current EV/EBITDA multiple of Energy Recovery? | Current EBITDA multiple of Energy Recovery is 13.3x. |
| What is the current FCF of Energy Recovery? | Energy Recovery's last 12 months FCF is $48M. |
| What is Energy Recovery's FCF margin? | Energy Recovery's last 12 months FCF margin is 37%. |
| What is the current EV/FCF multiple of Energy Recovery? | Current FCF multiple of Energy Recovery is 10.4x. |
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