CDZI vs ERII vs NWPX Stock Comparison

Cadiz, Energy Recovery and NWPX Infrastructure Prices as of Oct 28, 2026 Peers: Industry group
CDZI Cadiz Inc
$4.72 +31.8% 1M -17.6% 1Y
Market cap
$397.24M
P/E
–
Revenue (TTM)
$14.34M
Div. yield
–
Water Treatment Industrials
ERII Energy Recovery, Inc.
$6.95 +3.4% 1M -60.1% 1Y
Market cap
$355.66M
P/E
23.3x
Revenue (TTM)
$120.57M
Div. yield
–
Water Treatment Industrials
2 wins

Head to Head

8 decided of 12

NWPX Infrastructure leads on 6 of the 12 questions below (NWPX Infrastructure 6, Energy Recovery 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDZIERIINWPXLeader
Larger companyMarket capitalisation $397.24M $355.66M $960.82M NWPX
Cheaper on earningsLower P/E, profitable companies only -9.7x 23.3x 18.0x NWPX
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 19.2x –
Faster revenue growthRevenue growth, trailing twelve months -4.8% -15.0% +15.9% NWPX
More profitableNet margin, trailing twelve months -286.1% 12.7% — ERII
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -17.6% -60.1% +79.8% NWPX
Better 5-year returnAnnualised price return, 5 years -4.9%/yr -19.3%/yr +33.2%/yr NWPX
Less volatileAnnualised volatility, 1 year 66.7% 63.7% 39.9% NWPX
Higher overall scoreMean of the five percentile scores vs peers 24/100 90/100 86/100 ERII

Percentile Scorecard

CDZIERIINWPX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCDZIERIINWPX
Valuation 15 #18 of 21 100 #1 of 21 90 #3 of 21
Growth 39 #12 of 19 67 #7 of 19 94 #2 of 19
Profitability 19 #14 of 17 81 #4 of 17 88 #3 of 17
Financial Health 24 #17 of 22 100 #1 of 22 71 #7 of 22
Shareholder Returns – 100 #1 of 9 –
Overall 24 90 86
  • CDZI ranked among 22 companies in Environmental Equipment
  • ERII ranked among 22 companies in Environmental Equipment
  • NWPX ranked among 22 companies in Environmental Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCDZIERIINWPXSPY
1 month +31.8%+3.4%-3.3% +0.9%
3 months +58.4%-14.6%-19.1% +5.9%
6 months +12.6%-35.0%+15.9% +8.5%
Year to date -15.9%-48.5%+59.5% +13.3%
1 year -17.6%-60.1%+79.8% +12.4%
3 years +71.0%-53.2%+263.6% +88.1%
3 years, per year +19.6%-22.4%+53.8% +23.5%
5 years -22.2%-65.8%+319.5% +68.2%
5 years, per year -4.9%-19.3%+33.2% +11.0%
10 years -36.6%-44.4%+659.7% +263.4%
10 years, per year -4.5%-5.7%+22.5% +13.8%

Risk

MeasureCDZIERIINWPXSPY
Volatility, 1Y 66.7%63.7%39.9% 12.7%
Downside volatility, 1Y 64.5%82.3%34.5% 12.7%
Beta vs S&P 500, 1Y 1.451.711.30 1.00
Return / volatility, 1Y -0.26-0.942.00 0.98
Max drawdown, 5Y -75.0%-78.3%-35.8% -25.4%
From 52-week high -31.8%-60.1%-33.5% -0.9%
52-week high $6.92$17.40$149.94 $779.14
52-week low $2.98$6.64$53.85 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCDZIERIINWPX
P/E now vs peer median -9.7xmedian 25.5x 23.3xmedian 25.5x 18.0xmedian 25.5x
P/S now vs peer median 27.7xmedian 2.4x 2.9xmedian 2.4x 1.6xmedian 2.4x
EV/EBITDA now vs peer median —median 19.0x 14.5xmedian 19.0x —median 19.0x
P/FCF now vs peer median —median 23.0x 9.2xmedian 23.0x 12.4xmedian 23.0x
P/B now vs peer median 85.2xmedian 2.0x 2.1xmedian 2.0x 2.2xmedian 2.0x
PEG now vs peer median 2.31median 1.69 1.39median 1.69 0.55median 1.69

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCDZIERIINWPX
Revenue $14.34M $120.57M $602.76M
Gross profit $4.25M $77.18M $125.97M
Operating income -$26.90M $14.23M $71.15M
Net income -$35.98M $15.34M $53.48M
Free cash flow – $38.60M –
R&D – $12.22M –
EPS (diluted) $-1,199.69 $0.30 $5.46
Cash & equivalents $5.32M $61.44M $6.06M
Total debt $278.50M – –
Shares (diluted) 34.19K 51.46M 9.79M
Enterprise value $365.69M $30.83M $960.82M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCDZIERIINWPX
P/E -9.7x 23.3x 18.0x
P/FCF – 9.2x 12.4x
P/Operating cash flow – 8.6x 9.0x
P/S 27.7x 2.9x 1.6x
P/B 85.2x 2.1x 2.2x
P/Tangible book 85.2x 2.1x 2.4x
EV/EBITDA – 14.5x –
EV/EBIT -17.8x 18.4x –
EV/Revenue 33.4x 2.2x 1.6x
EV/FCF – 6.8x –
EV/Operating cash flow – 6.4x 9.0x
PEG (3Y EPS CAGR) 2.31 1.39 0.55

Growth

14 metrics
MetricCDZIERIINWPX
Revenue growth (1Y) -4.8% -15.0% 15.9%
Revenue CAGR (3Y) 89.3% 4.1% 11.0%
Gross profit growth (1Y) -12.7% -18.5% 26.8%
Gross profit CAGR (3Y) 97.5% 2.0% 16.2%
Operating income growth (1Y) -8.9% -34.1% 47.2%
Operating income CAGR (3Y) -12.0% 17.3% 25.2%
Net income growth (1Y) -9.9% -36.4% 46.0%
Net income CAGR (3Y) -4.9% 13.3% 31.4%
EPS growth (1Y) -8.4% -32.7% 46.3%
EPS CAGR (3Y) -4.2% 16.8% 32.8%
Operating cash flow growth (1Y) – 98.7% 58.5%
Operating cash flow CAGR (3Y) – 62.2% 43.1%
Free cash flow growth (1Y) – 91.3% –
Free cash flow CAGR (3Y) – 76.4% –

Profitability

14 metrics
MetricCDZIERIINWPX
Gross margin 29.6% 64.0% –
EBITDA margin – 15.0% –
Operating margin -187.6% 11.8% –
Pretax margin -250.5% 14.6% –
Net margin -286.1% 12.7% –
FCF margin – 32.0% –
Operating cash flow margin – 34.2% 17.7%
Return on equity -257.3% 8.6% –
Return on assets -26.1% 7.5% –
Return on invested capital – – –
Return on capital employed -21.0% 7.7% –
Asset turnover 0.1x 0.6x 0.9x
Cash conversion (OCF / net income) – 2.7x 2.0x
Stock comp / revenue – 5.9% 1.2%

Financial Health

11 metrics
MetricCDZIERIINWPX
Debt / assets 64.5% – –
Debt / equity 18.6x – –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 96.5% 12.8% 37.0%
Equity / assets 3.5% 87.2% 63.0%
Interest coverage -2.9x – –
Current ratio 1.2x 8.1x 2.6x
Quick ratio 0.9x 5.8x –
Cash ratio 0.5x 5.0x –
Altman Z-score -6.10 10.89 –

Shareholder Returns

7 metrics
MetricCDZIERIINWPX
Dividend yield – – –
Net buyback yield – 9.6% –
Shareholder yield – 9.6% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCDZIERIINWPX
Forward P/E – – 19.2xFY2026
EPS, next fiscal year $-0.54FY2026 $-0.20FY2026 $5.19FY2026
EPS growth, next FY – -147.6%FY2026 +45.8%FY2026
EPS growth, the year after – – -7.5%
Revenue, next fiscal year $8.61MFY2026 $69.90MFY2026 $573.90MFY2026
Revenue growth, next FY -47.2%FY2026 -48.2%FY2026 +9.1%FY2026
Revenue growth, the year after +109.5% +45.2% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDZIERIINWPX
Held by institutions 46.7% 85.0% 89.5%
Institutions holding 117 197 224
Change in shares held, QoQ +4.0% -1.1% +4.6%
Institutions buying 54 120 125
Institutions selling 39 45 65
Buyers to sellers 1.38 2.67 1.92

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CDZIERIINWPX
CDZI 1.00 0.09 0.17
ERII 0.09 1.00 0.10
NWPX 0.17 0.10 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDZI, ERII and NWPX?

NWPX Infrastructure (NWPX) is the largest by market capitalisation: Cadiz (CDZI) $397.24M, Energy Recovery (ERII) $355.66M, NWPX Infrastructure (NWPX) $960.82M.

Which stock is cheaper, CDZI, ERII and NWPX?

NWPX Infrastructure (NWPX) trades on the lowest price-to-earnings ratio (Cadiz (CDZI) -9.7x, Energy Recovery (ERII) 23.3x, NWPX Infrastructure (NWPX) 18.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

NWPX Infrastructure (NWPX) grew revenue fastest over the trailing twelve months: Cadiz (CDZI) -4.8%, Energy Recovery (ERII) -15.0%, NWPX Infrastructure (NWPX) +15.9%.

Which company is more profitable?

Energy Recovery (ERII) has the highest net margin (Cadiz (CDZI) -286.1%, Energy Recovery (ERII) 12.7%).

Which stock has performed better?

Over the past year NWPX Infrastructure (NWPX) returned the most: Cadiz (CDZI) -17.6%, Energy Recovery (ERII) -60.1%, NWPX Infrastructure (NWPX) +79.8%. Over five years, NWPX Infrastructure (NWPX) compounded fastest (Cadiz (CDZI) -4.9%/yr, Energy Recovery (ERII) -19.3%/yr, NWPX Infrastructure (NWPX) +33.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, NWPX Infrastructure (NWPX) has been the steadiest (Cadiz (CDZI) 66.7%, Energy Recovery (ERII) 63.7%, NWPX Infrastructure (NWPX) 39.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDZI, ERII and NWPX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, NWPX Infrastructure (NWPX) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.