ERII vs VLTO vs NWPX Stock Comparison

Energy Recovery, Veralto and NWPX Infrastructure Prices as of Nov 3, 2026 Peers: Industry group
ERII Energy Recovery, Inc.
$7.17 +5.9% 1M -57.3% 1Y
Market cap
$367.70M
P/E
24.0x
Revenue (TTM)
$120.57M
Div. yield
–
Water Treatment Industrials
1 win
VLTO Veralto Corp
$116.33 +22.9% 1M +17.6% 1Y
Market cap
$28.53B
P/E
28.5x
Revenue (TTM)
$5.80B
Div. yield
–
Water Treatment Industrials
4 wins

Head to Head

11 decided of 12

NWPX Infrastructure leads on 6 of the 12 questions below (NWPX Infrastructure 6, Veralto 4, Energy Recovery 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionERIIVLTONWPXLeader
Larger companyMarket capitalisation $367.70M $28.53B $891.53M VLTO
Cheaper on earningsLower P/E, profitable companies only 24.0x 28.5x 16.7x NWPX
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 25.6x 18.5x NWPX
Faster revenue growthRevenue growth, trailing twelve months -15.0% +6.4% +15.9% NWPX
More profitableNet margin, trailing twelve months 12.7% 17.3% 8.9% VLTO
Better return on capitalReturn on invested capital — 17.1% 12.5% VLTO
Less leveragedLower net debt / EBITDA — 0.8x 0.2x NWPX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -57.3% +17.6% +50.6% NWPX
Better 5-year returnAnnualised price return, 5 years -20.1%/yr — +31.3%/yr NWPX
Less volatileAnnualised volatility, 1 year 63.9% 24.4% 39.2% VLTO
Higher overall scoreMean of the five percentile scores vs peers 88/100 74/100 79/100 ERII

Percentile Scorecard

ERIIVLTONWPX

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

AxisERIIVLTONWPX
Valuation 95 #2 of 20 74 #6 of 20 100 #1 of 20
Growth 65 #7 of 18 71 #6 of 18 94 #2 of 18
Profitability 81 #4 of 17 100 #1 of 17 75 #5 of 17
Financial Health 100 #1 of 21 55 #10 of 21 70 #7 of 21
Shareholder Returns 100 #1 of 12 73 #4 of 12 55 #6 of 12
Overall 88 74 79
  • ERII ranked among 21 companies in Environmental Equipment
  • VLTO ranked among 21 companies in Environmental Equipment
  • NWPX ranked among 21 companies in Environmental Equipment

Price Performance

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

Returns

PeriodERIIVLTONWPXSPY
1 month +5.9%+22.9%-9.3% -2.0%
3 months -21.4%+20.6%-24.2% -2.2%
6 months -36.6%+32.0%-13.7% +4.2%
Year to date -46.8%+16.6%+53.9% +10.6%
1 year -57.3%+17.6%+50.6% +10.4%
3 years -60.3%+64.3%+237.7% +73.6%
3 years, per year -26.5%+18.0%+50.1% +20.2%
5 years -67.4%—+290.0% +61.6%
5 years, per year -20.1%—+31.3% +10.1%
10 years -21.2%—+559.7% +261.3%
10 years, per year -2.4%—+20.8% +13.7%

Risk

MeasureERIIVLTONWPXSPY
Volatility, 1Y 63.9%24.4%39.2% 12.8%
Downside volatility, 1Y 83.0%21.9%34.4% 12.8%
Beta vs S&P 500, 1Y 1.690.151.27 1.00
Return / volatility, 1Y -0.900.721.29 0.81
Max drawdown, 5Y -78.3%-27.6%-35.9% -25.4%
From 52-week high -58.5%0.0%-35.9% -3.2%
52-week high $17.26$116.33$149.94 $779.14
52-week low $6.64$82.23$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.

MultipleERIIVLTONWPX
P/E now vs peer median 24.1xmedian 28.3x 28.3xmedian 28.3x 17.3xmedian 28.3x
P/S now vs peer median 3.0xmedian 2.5x 4.9xmedian 2.5x 1.5xmedian 2.5x
EV/EBITDA now vs peer median 15.2xmedian 21.1x 21.5xmedian 21.1x 10.2xmedian 21.1x
P/FCF now vs peer median 9.5xmedian 24.9x 25.9xmedian 24.9x 10.7xmedian 24.9x
P/B now vs peer median 2.1xmedian 2.1x 8.8xmedian 2.1x 2.1xmedian 2.1x
PEG now vs peer median 1.44median 1.75 5.08median 1.75 0.53median 1.75

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 monthsERIIVLTONWPX
Revenue $120.57M $5.80B $602.76M
Gross profit $77.18M $3.49B $125.97M
Operating income $14.23M $1.27B $71.15M
Net income $15.34M $1.00B $53.48M
Free cash flow $38.60M $1.09B $86.83M
R&D $12.22M $278.00M –
EPS (diluted) $0.30 $4.08 $5.45
Cash & equivalents $61.44M $1.79B $6.06M
Total debt – $2.92B $21.50M
Shares (diluted) 51.46M 245.30M 9.81M
Enterprise value $42.87M $21.16B $849.62M

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
MetricERIIVLTONWPX
P/E 24.1x 28.3x 17.3x
P/FCF 9.5x 25.9x 10.7x
P/Operating cash flow 8.9x 24.5x 8.7x
P/S 3.0x 4.9x 1.5x
P/B 2.1x 8.8x 2.1x
P/Tangible book 2.1x 11.7x 2.3x
EV/EBITDA 15.2x 21.5x 10.2x
EV/EBIT 19.2x 23.2x 13.2x
EV/Revenue 2.3x 5.1x 1.6x
EV/FCF 7.1x 26.9x 10.8x
EV/Operating cash flow 6.6x 25.5x 8.8x
PEG (3Y EPS CAGR) 1.44 5.08 0.53

Growth

14 metrics
MetricERIIVLTONWPX
Revenue growth (1Y) -15.0% 6.4% 15.9%
Revenue CAGR (3Y) 4.1% 5.2% 11.0%
Gross profit growth (1Y) -18.5% 6.7% 26.8%
Gross profit CAGR (3Y) 2.0% 6.8% 16.2%
Operating income growth (1Y) -34.1% -0.2% 47.2%
Operating income CAGR (3Y) 17.3% 3.3% 25.2%
Net income growth (1Y) -36.4% 9.7% 46.0%
Net income CAGR (3Y) 13.3% 5.4% 31.4%
EPS growth (1Y) -32.7% 12.1% 46.1%
EPS CAGR (3Y) 16.8% 5.6% 32.7%
Operating cash flow growth (1Y) 98.7% 10.0% 58.5%
Operating cash flow CAGR (3Y) 62.2% 3.7% 43.1%
Free cash flow growth (1Y) 91.3% 10.9% 80.1%
Free cash flow CAGR (3Y) 76.4% 3.1% 92.6%

Profitability

14 metrics
MetricERIIVLTONWPX
Gross margin 64.0% 60.2% 20.9%
EBITDA margin 15.0% 23.6% 15.4%
Operating margin 11.8% 21.8% 11.8%
Pretax margin 14.6% 20.3% 11.4%
Net margin 12.7% 17.3% 8.9%
FCF margin 32.0% 18.8% 14.4%
Operating cash flow margin 34.2% 19.9% 17.7%
Return on equity 8.6% 31.7% 12.5%
Return on assets 7.5% 11.9% 7.9%
Return on invested capital – 17.1% 12.5%
Return on capital employed 7.7% 18.8% 12.9%
Asset turnover 0.6x 0.7x 0.9x
Cash conversion (OCF / net income) 2.7x 1.2x 2.0x
Stock comp / revenue 5.9% 1.3% 1.2%

Financial Health

11 metrics
MetricERIIVLTONWPX
Debt / assets – 35.5% 3.1%
Debt / equity – 0.9x 0.0x
Net debt / EBITDA – 0.8x 0.2x
Debt / FCF – 2.7x 0.2x
Liabilities / assets 12.8% 60.7% 37.0%
Equity / assets 87.2% 39.3% 63.0%
Interest coverage – 13.2x 48.6x
Current ratio 8.1x 2.0x 2.6x
Quick ratio 5.8x 1.7x 1.8x
Cash ratio 5.0x 1.1x 0.0x
Altman Z-score 11.16 5.27 4.36

Shareholder Returns

7 metrics
MetricERIIVLTONWPX
Dividend yield – 0.4% –
Net buyback yield 9.3% 1.8% 0.7%
Shareholder yield 9.3% 2.2% 0.7%
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.

ConsensusERIIVLTONWPX
Forward P/E – 25.6xFY2026 18.5xFY2026
EPS, next fiscal year $-0.20FY2026 $4.54FY2026 $5.19FY2026
EPS growth, next FY -147.6%FY2026 +16.4%FY2026 +45.8%FY2026
EPS growth, the year after – +7.9% -7.5%
Revenue, next fiscal year $69.90MFY2026 $5.70BFY2026 $573.90MFY2026
Revenue growth, next FY -48.2%FY2026 +3.7%FY2026 +9.1%FY2026
Revenue growth, the year after +45.2% +16.5% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersERIIVLTONWPX
Held by institutions 85.0% 96.1% 89.5%
Institutions holding 197 977 227
Change in shares held, QoQ -1.1% +3.3% +4.6%
Institutions buying 120 399 126
Institutions selling 45 386 65
Buyers to sellers 2.67 1.03 1.94

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.

ERIIVLTONWPX
ERII 1.00 -0.06 0.11
VLTO -0.06 1.00 0.01
NWPX 0.11 0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ERII, VLTO and NWPX?

Veralto (VLTO) is the largest by market capitalisation: Energy Recovery (ERII) $367.70M, Veralto (VLTO) $28.53B, NWPX Infrastructure (NWPX) $891.53M.

Which stock is cheaper, ERII, VLTO and NWPX?

NWPX Infrastructure (NWPX) trades on the lowest price-to-earnings ratio (Energy Recovery (ERII) 24.0x, Veralto (VLTO) 28.5x, NWPX Infrastructure (NWPX) 16.7x). On next year's consensus earnings, NWPX Infrastructure (NWPX) is cheapest (Veralto (VLTO) 25.6x, NWPX Infrastructure (NWPX) 18.5x). 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: Energy Recovery (ERII) -15.0%, Veralto (VLTO) +6.4%, NWPX Infrastructure (NWPX) +15.9%.

Which company is more profitable?

Veralto (VLTO) has the highest net margin (Energy Recovery (ERII) 12.7%, Veralto (VLTO) 17.3%, NWPX Infrastructure (NWPX) 8.9%). On return on invested capital, Veralto (VLTO) leads (Veralto (VLTO) 17.1%, NWPX Infrastructure (NWPX) 12.5%).

Which stock has performed better?

Over the past year NWPX Infrastructure (NWPX) returned the most: Energy Recovery (ERII) -57.3%, Veralto (VLTO) +17.6%, NWPX Infrastructure (NWPX) +50.6%. Over five years, NWPX Infrastructure (NWPX) compounded fastest (Energy Recovery (ERII) -20.1%/yr, NWPX Infrastructure (NWPX) +31.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Veralto (VLTO) has been the steadiest (Energy Recovery (ERII) 63.9%, Veralto (VLTO) 24.4%, NWPX Infrastructure (NWPX) 39.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ERII, VLTO 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.