Energy Recovery (ERII)
Market Price (4/23/2026): $10.805 | Market Cap: $571.6 MilSector: Industrials | Industry: Environmental & Facilities Services
Energy Recovery (ERII)
Market Price (4/23/2026): $10.805Market Cap: $571.6 MilSector: IndustrialsIndustry: Environmental & Facilities Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Desalination, Wastewater Management, Show more. | Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -127% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.9%, Rev Chg QQuarterly Revenue Change % is -0.3% Key risksERII key risks include [1] a clouded path to revenue growth and a slow rollout of its CO2 business, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Resource Management. Themes include Desalination, Wastewater Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -62%, 3Y Excs Rtn is -127% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.9%, Rev Chg QQuarterly Revenue Change % is -0.3% |
| Key risksERII key risks include [1] a clouded path to revenue growth and a slow rollout of its CO2 business, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Energy Recovery reported a significant Q4 2025 earnings and revenue miss on February 25, 2026. The company's fourth-quarter revenue of $66.9 million fell short of analyst consensus estimates of approximately $84.2 million, and its adjusted earnings per share (EPS) of $0.53 missed the estimated $0.68. This substantial miss in top-line performance led to an immediate stock decline of approximately 19.7% in after-hours trading.
2. The company announced the wind-down of its CO2 retail grocery business. Concurrent with the Q4 2025 earnings release, Energy Recovery decided to exit its CO2 retail grocery business within the Emerging Technologies segment. Management cited the long timeline, required investment, and risk for scaled adoption as reasons the business no longer met capital allocation criteria. This strategic shift is expected to incur one-time costs of $4.5 million to $5.5 million, primarily through the first quarter of 2026.
Show more
Stock Movement Drivers
Fundamental Drivers
The -19.9% change in ERII stock from 12/31/2025 to 4/22/2026 was primarily driven by a -32.2% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.49 | 10.81 | -19.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 135 | 135 | -0.2% |
| Net Income Margin (%) | 14.4% | 17.0% | 17.8% |
| P/E Multiple | 36.7 | 24.9 | -32.2% |
| Shares Outstanding (Mil) | 53 | 53 | 0.5% |
| Cumulative Contribution | -19.9% |
Market Drivers
12/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| ERII | -19.9% | |
| Market (SPY) | -5.4% | 33.4% |
| Sector (XLI) | 10.3% | 24.4% |
Fundamental Drivers
The -29.9% change in ERII stock from 9/30/2025 to 4/22/2026 was primarily driven by a -28.2% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.42 | 10.81 | -29.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 142 | 135 | -4.8% |
| Net Income Margin (%) | 17.0% | 17.0% | 0.0% |
| P/E Multiple | 34.7 | 24.9 | -28.2% |
| Shares Outstanding (Mil) | 54 | 53 | 2.6% |
| Cumulative Contribution | -29.9% |
Market Drivers
9/30/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| ERII | -29.9% | |
| Market (SPY) | -2.9% | 32.4% |
| Sector (XLI) | 11.3% | 25.3% |
Fundamental Drivers
The -32.0% change in ERII stock from 3/31/2025 to 4/22/2026 was primarily driven by a -36.2% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.89 | 10.81 | -32.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 145 | 135 | -6.9% |
| Net Income Margin (%) | 15.9% | 17.0% | 7.0% |
| P/E Multiple | 39.0 | 24.9 | -36.2% |
| Shares Outstanding (Mil) | 57 | 53 | 7.0% |
| Cumulative Contribution | -32.0% |
Market Drivers
3/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| ERII | -32.0% | |
| Market (SPY) | 16.3% | 35.2% |
| Sector (XLI) | 31.9% | 32.7% |
Fundamental Drivers
The -53.1% change in ERII stock from 3/31/2023 to 4/22/2026 was primarily driven by a -53.6% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.05 | 10.81 | -53.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 126 | 135 | 7.5% |
| Net Income Margin (%) | 19.1% | 17.0% | -11.2% |
| P/E Multiple | 53.7 | 24.9 | -53.6% |
| Shares Outstanding (Mil) | 56 | 53 | 5.9% |
| Cumulative Contribution | -53.1% |
Market Drivers
3/31/2023 to 4/22/2026| Return | Correlation | |
|---|---|---|
| ERII | -53.1% | |
| Market (SPY) | 63.3% | 31.5% |
| Sector (XLI) | 76.3% | 32.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ERII Return | 58% | -5% | -8% | -22% | -8% | -23% | -24% |
| Peers Return | 19% | -13% | 30% | 21% | 11% | 7% | 95% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 3% | 88% |
Monthly Win Rates [3] | |||||||
| ERII Win Rate | 67% | 42% | 50% | 50% | 58% | 50% | |
| Peers Win Rate | 60% | 33% | 58% | 60% | 57% | 65% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ERII Max Drawdown | -0% | -20% | -31% | -34% | -23% | -30% | |
| Peers Max Drawdown | -8% | -33% | -9% | -6% | -22% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: XYL, FLS, PNR, ITT, IEX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)
How Low Can It Go
| Event | ERII | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -53.7% | -25.4% |
| % Gain to Breakeven | 116.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -41.0% | -33.9% |
| % Gain to Breakeven | 69.5% | 51.3% |
| Time to Breakeven | 249 days | 148 days |
| 2018 Correction | ||
| % Loss | -45.7% | -19.8% |
| % Gain to Breakeven | 84.1% | 24.7% |
| Time to Breakeven | 698 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -62.0% | -56.8% |
| % Gain to Breakeven | 162.8% | 131.3% |
| Time to Breakeven | 2,599 days | 1,480 days |
Compare to XYL, FLS, PNR, ITT, IEX
In The Past
Energy Recovery's stock fell -53.7% during the 2022 Inflation Shock from a high on 7/18/2023. A -53.7% loss requires a 116.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Energy Recovery (ERII)
AI Analysis | Feedback
Here are 1-3 brief analogies for Energy Recovery (ERII):
- They're like the 'Intel Inside' for industrial water and gas processing, providing critical energy-saving technology.
- They're like the 'Caterpillar' of energy-saving equipment for industrial water treatment and natural gas processing.
- They're like a specialized 'Xylem' for energy recovery in industrial water treatment, making desalination much more energy-efficient.
AI Analysis | Feedback
Major Products and Services of Energy Recovery (ERII)
- Energy Recovery Devices: Products designed to recover energy in processes such as seawater reverse osmosis desalination and industrial wastewater treatment.
- High-Pressure Pumps: Includes high-pressure feed and recirculation pumps for various industrial applications.
- Hydraulic Devices: Such as hydraulic turbochargers and boosters.
- Energy Efficiency Solutions: Technologies focused on reducing energy consumption in natural gas processing and carbon dioxide refrigeration systems.
- Maintenance & Support Services: Services encompass spare parts, repair, field support, and commissioning for their products.
AI Analysis | Feedback
Energy Recovery (ERII) primarily sells its products and services to other companies within the industrial sector, rather than to individual consumers. Based on the provided company description, its major customers fall into the following categories:
- Large engineering, procurement, and construction (EPC) firms involved in desalination and industrial wastewater projects.
- End-users and industry consultants, likely referring to the direct operators of desalination plants and industrial facilities, or consultants advising them on system design and implementation.
- Original equipment manufacturers (OEMs) that integrate ERII's components into their larger systems or products.
- Aftermarket customers, indicating ongoing sales of spare parts and services to existing installations.
The provided background information does not list specific names of customer companies.
AI Analysis | Feedback
nullAI Analysis | Feedback
David Moon, President and Chief Executive Officer
David Moon was appointed Energy Recovery's President and Chief Executive Officer in January 2024, after previously being named Interim President and CEO in October 2023. He brings 25 years of commercial/industrial refrigeration and commercial HVAC leadership, having served global leaders in food retail, food processing, cold storage, pharmaceuticals, and telecom. Mr. Moon served as President of Carrier Commercial Refrigeration from 2020–2021. Prior to that, he advised Ares Management on acquiring CoolSys and joined its Board post-acquisition. From 2006–2017, he was President and COO of Heatcraft Worldwide Refrigeration (Lennox International). He also held earlier roles at Lennox, Allied Signal, Case Corporation, and Tenneco Oil, working across the U.S., Europe, and Asia, and served on the Board of American Woodmark Corporation from 2015–2020.
Michael Mancini, Chief Financial Officer
Michael Mancini was appointed Energy Recovery's new Chief Financial Officer, effective August 5, 2024. He brings extensive operational and capital markets experience from previous roles in high-growth engineering and technology companies. Mr. Mancini served as CFO at Astranis Space Technologies Corp. for four years. Before that, he was CFO and Executive Vice President of Strategy for Aerion Supersonic, where he built the finance and accounting organization and led significant partnership and financing strategy efforts. His career also includes experience as a private equity and hedge fund investor.
Ram Ramanan, Chief Technology Officer
Ram Ramanan was appointed Chief Technology Officer in 2025. In this role, he is responsible for driving product engineering and research and development, particularly for the company's proprietary Pressure Exchanger (PX) technology platform.
William Yeung, Chief Legal Officer and Corporate Secretary
William Yeung oversees all legal, corporate governance, and intellectual property functions for Energy Recovery.
Rodney Clemente, Senior Vice President, Water
Rodney Clemente holds the position of Senior Vice President, Water at Energy Recovery.
AI Analysis | Feedback
Here are the key risks to Energy Recovery's (ERII) business:
- Lumpy Revenue from Project Timing: Energy Recovery's revenue is heavily influenced by the timing of large, contracted "mega-projects" within the desalination sector, leading to significant quarter-to-quarter volatility in financial results. This means that a substantial portion of the company's full-year core revenue is often expected to be generated in a single quarter, creating unpredictability and a "waiting game" for near-term growth.
- Challenges and Wind-down of Emerging Technologies (specifically CO2 Retail Grocery Business): The company has faced difficulties with the commercialization and adoption of its new technologies, particularly within the CO2 refrigeration segment. After a period of slower-than-expected rollout and muted expectations, Energy Recovery decided to wind down its CO2 retail grocery business in February 2026 due to a fundamental change in the business's outlook. This represents a setback to the company's diversification strategy and impacts future revenue potential from this segment.
- Sluggish Long-Term Revenue Growth and Declining Return on Invested Capital (ROIC): Energy Recovery has experienced disappointing long-term revenue growth, with sales growing at a sluggish rate over the past five years. Analysts have even projected a decline in revenue for the next 12 months, indicating potential demand headwinds. Furthermore, the company's return on invested capital (ROIC) has been decreasing, suggesting that new investments may not be yielding sufficient returns or that profitable growth opportunities are becoming scarcer.
AI Analysis | Feedback
null
AI Analysis | Feedback
Energy Recovery, Inc. (ERII) participates in several key addressable markets for its energy recovery solutions, including seawater reverse osmosis (SWRO) desalination, industrial wastewater treatment, and natural gas processing. While the company previously targeted the CO2 refrigeration market, it has announced a pause in its efforts for this segment.
Seawater Reverse Osmosis (SWRO) Desalination
The global desalination market is a significant addressable market for Energy Recovery. This market was estimated at $1.54 trillion in 2024 and is projected to grow to over $2.35 trillion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 8.91% during this period. Energy Recovery's proprietary PX technology holds a strong, near-monopolistic position in the SWRO desalination market. Growth opportunities are particularly strong in regions such as the Middle East and North Africa, where Energy Recovery actively operates.
Industrial Wastewater Treatment
Energy Recovery also addresses the industrial wastewater treatment market, which is experiencing high demand globally. The total energy consumption for the broader water treatment industry is anticipated to increase by 130% through 2040 globally. Energy Recovery's Ultra PX device is specifically designed for Ultra High-Pressure Reverse Osmosis (UHPRO) applications in industrial wastewater, including Zero Liquid Discharge (ZLD) and Minimal Liquid Discharge (MLD) markets. The company expects its wastewater business to generate between $10 million and $15 million in revenue in 2026. Furthermore, the aggregate capital expenditure (CAPEX) for water (desalination and wastewater/reuse) is projected to grow at an 11% CAGR globally through the end of the decade.
Natural Gas Processing
In the natural gas processing sector, where Energy Recovery provides energy recovery devices, the global market size was estimated at USD 243.62 billion in 2025. This market is forecast to increase to approximately USD 457.28 billion by 2035, demonstrating a CAGR of 6.50% from 2026 to 2035. North America held the largest revenue share in the global gas treatment market in 2023.
CO2 Refrigeration Systems
While the global transcritical CO2 systems market, relevant to CO2 refrigeration, was valued at USD 35.8 billion in 2024 and is projected to reach USD 87.0 billion by 2030 (CAGR of 16.3% from 2025 to 2030), Energy Recovery has announced that it will pause its efforts to develop a market for its CO2 pressure exchanger in commercial refrigeration systems. The company is reallocating some resources from this segment to its wastewater business. Europe dominated the transcritical CO2 systems market in 2024, accounting for 77.0% of the revenue.
AI Analysis | Feedback
Energy Recovery (NASDAQ: ERII) is expected to drive future revenue growth over the next two to three years through several key initiatives: * Expansion and Innovation in Seawater Reverse Osmosis (SWRO) Desalination: The company's core desalination business remains a primary revenue generator. Future growth is anticipated through securing new megaproject contracts and continued technological innovation within this segment. Energy Recovery plans to introduce next-generation Pressure Exchanger (PX) products, such as the PX Q650 and a new PX product for desalination, designed to enhance operational efficiency and potentially enable higher pricing. Geographically, expansion in the Middle East and North Africa (MENA) region, including countries like Morocco, Algeria, and Egypt, along with new regions such as Brazil, is expected to contribute to revenue growth. * Growth in Industrial Wastewater Treatment: Energy Recovery is actively developing and expanding its presence in the industrial wastewater treatment market. The company aims to increase revenue from this segment by establishing reference cases across five key verticals: municipal, chemical, textile, manufacturing, and mining. This strategic focus is intended to accelerate the adoption of its solutions in critical markets, including India and China. Investment in this segment is continuing, with an expected build-up of backlog in 2026. * Development of New and Next-Generation Products: Continuous product innovation within its core water segment, including offerings like the PX Q650 and other next-generation PX products for desalination, is a key driver. These new solutions are designed to deliver improved performance and greater operational efficiency for customers, thereby supporting sustained revenue growth and market dominance. * Strategic Geographic Market Expansion: Beyond existing strongholds, Energy Recovery is targeting new geographic markets for its water and wastewater solutions. This includes securing major project deals in emerging regions and further penetration into promising areas like North Africa, which is expected to remain a significant source of revenue in the coming years.AI Analysis | Feedback
Share Repurchases
- Energy Recovery's Board of Directors authorized a new share repurchase program of up to $30 million in February 2025, to be completed over the subsequent 12 months.
- This followed the completion of a previous $50 million share buyback program in the fourth quarter of 2024, during which the company repurchased 3.2 million shares at an average price of $15.39 per share.
- In August 2025, another share repurchase program of up to $25 million was approved, bringing the total authorized for repurchases between November 2024 and August 2025 to $105 million.
Share Issuance
- No significant share issuances (dollar amount of shares issued) were found within the last 3-5 years; the company's capital allocation in relation to its shares has primarily been focused on repurchases, leading to a decrease in shares outstanding from 59 million at the end of 2021 to 53 million by September 2025.
Inbound Investments
- No information is available regarding large inbound investments made in Energy Recovery by third parties within the last 3-5 years.
Outbound Investments
- No information is available regarding instances where Energy Recovery made a strategic investment in another company within the last 3-5 years. The company did, however, wind down its CO2 retail grocery business in February 2026 to refocus its capital allocation strategy and achieve $7 million in annual savings.
Capital Expenditures
- Energy Recovery's capital expenditures were approximately $1.5 million or less in the years preceding 2026.
- The company guided for capital expenditures between $3 million and $6 million for 2026, with a similar or slightly lower range expected for 2027.
- These capital expenditures are primarily focused on supporting site selection and expanding new manufacturing capacity.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Energy Recovery Stock Pre-Market (-20%) : Q4 Earnings Miss & Weak Guidance | 02/26/2026 | |
| Energy Recovery Earnings Notes | 12/16/2025 | |
| How Low Can Energy Recovery Stock Really Go? | 10/17/2025 | |
| Energy Recovery (ERII) Operating Cash Flow Comparison | 08/08/2025 | |
| Energy Recovery (ERII) EBITDA Comparison | 08/08/2025 | |
| Energy Recovery (ERII) Net Income Comparison | 08/08/2025 | |
| Energy Recovery (ERII) Revenue Comparison | 08/08/2025 | |
| Energy Recovery (ERII) Debt Comparison | 08/08/2025 | |
| Energy Recovery (ERII) Operating Income Comparison | 08/08/2025 | |
| Energy Recovery (ERII) Tax Expense Comparison | 08/08/2025 | |
| ARTICLES | ||
| Stocks Trading At 52-Week Low | 02/27/2026 | |
| Market Movers | Winners: IXHL, ALBT, RXT | Losers: THRY, EOSE, ERII | 02/26/2026 | |
| Energy Recovery Stock Pre-Market (-20%) : Q4 Earnings Miss & Weak Guidance | 02/26/2026 |
Trade Ideas
Select ideas related to ERII.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | NSP | Insperity | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | TNC | Tennant | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | ADP | Automatic Data Processing | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.0% | 1.0% | 0.0% |
| 03272026 | HURN | Huron Consulting | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.0% | 4.0% | 0.0% |
| 03272026 | TRU | TransUnion | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.2% | 5.2% | 0.0% |
| 05312021 | ERII | Energy Recovery | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 14.0% | 6.3% | -9.7% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 105.53 |
| Mkt Cap | 14.9 |
| Rev LTM | 4,057 |
| Op Inc LTM | 702 |
| FCF LTM | 582 |
| FCF 3Y Avg | 544 |
| CFO LTM | 674 |
| CFO 3Y Avg | 639 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.6% |
| Rev Chg 3Y Avg | 6.2% |
| Rev Chg Q | 4.5% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Inc Chg LTM | 8.8% |
| Op Inc Chg 3Y Avg | 14.4% |
| Op Mgn LTM | 17.7% |
| Op Mgn 3Y Avg | 16.6% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 15.4% |
| CFO/Rev 3Y Avg | 16.2% |
| FCF/Rev LTM | 13.4% |
| FCF/Rev 3Y Avg | 13.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 14.9 |
| P/S | 3.9 |
| P/Op Inc | 21.8 |
| P/EBIT | 22.8 |
| P/E | 30.7 |
| P/CFO | 23.1 |
| Total Yield | 4.3% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 4.1% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.4% |
| 3M Rtn | -5.9% |
| 6M Rtn | 3.3% |
| 12M Rtn | 17.2% |
| 3Y Rtn | 47.1% |
| 1M Excs Rtn | -1.1% |
| 3M Excs Rtn | -9.7% |
| 6M Excs Rtn | -3.0% |
| 12M Excs Rtn | -16.7% |
| 3Y Excs Rtn | -24.1% |
Price Behavior
| Market Price | $10.81 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 07/02/2008 | |
| Distance from 52W High | -40.3% | |
| 50 Days | 200 Days | |
| DMA Price | $11.61 | $13.90 |
| DMA Trend | down | down |
| Distance from DMA | -6.9% | -22.2% |
| 3M | 1YR | |
| Volatility | 79.6% | 54.5% |
| Downside Capture | 1.29 | 0.99 |
| Upside Capture | 229.00 | 112.39 |
| Correlation (SPY) | 32.4% | 32.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.48 | 2.19 | 2.08 | 1.63 | 1.02 | 1.07 |
| Up Beta | 7.25 | 2.17 | 2.45 | 1.61 | 0.79 | 1.04 |
| Down Beta | 1.25 | -0.01 | 0.90 | 0.97 | 0.89 | 0.76 |
| Up Capture | 368% | 278% | 260% | 167% | 102% | 91% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 7 | 18 | 32 | 64 | 127 | 373 |
| Down Capture | 183% | 298% | 253% | 194% | 139% | 109% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 15 | 23 | 29 | 60 | 120 | 368 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ERII | |
|---|---|---|---|---|
| ERII | -26.2% | 54.5% | -0.32 | - |
| Sector ETF (XLI) | 41.3% | 15.2% | 2.06 | 28.0% |
| Equity (SPY) | 26.7% | 12.5% | 1.77 | 33.6% |
| Gold (GLD) | 38.9% | 27.4% | 1.19 | 4.0% |
| Commodities (DBC) | 23.5% | 16.2% | 1.32 | -3.0% |
| Real Estate (VNQ) | 15.6% | 13.6% | 0.82 | 19.2% |
| Bitcoin (BTCUSD) | -12.8% | 42.6% | -0.21 | 10.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ERII | |
|---|---|---|---|---|
| ERII | -10.0% | 48.3% | -0.04 | - |
| Sector ETF (XLI) | 12.8% | 17.3% | 0.58 | 38.3% |
| Equity (SPY) | 10.5% | 17.1% | 0.48 | 40.1% |
| Gold (GLD) | 21.5% | 17.8% | 0.99 | 7.6% |
| Commodities (DBC) | 10.7% | 18.8% | 0.47 | 9.0% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 35.4% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 16.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ERII | |
|---|---|---|---|---|
| ERII | -0.1% | 49.8% | 0.20 | - |
| Sector ETF (XLI) | 13.8% | 19.9% | 0.61 | 43.0% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 42.1% |
| Gold (GLD) | 13.9% | 15.9% | 0.73 | 5.5% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 18.9% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 33.5% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 11.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/25/2026 | -35.3% | -33.5% | -38.3% |
| 11/5/2025 | -16.0% | -17.4% | -16.0% |
| 8/6/2025 | 7.6% | 7.3% | 5.9% |
| 5/7/2025 | -18.6% | -18.2% | -16.0% |
| 2/26/2025 | 2.5% | 6.3% | 10.2% |
| 10/30/2024 | 0.0% | 9.7% | -12.9% |
| 7/31/2024 | 20.6% | 9.4% | 12.8% |
| 5/1/2024 | -11.0% | -7.9% | -7.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 11 |
| # Negative | 8 | 9 | 11 |
| Median Positive | 3.6% | 6.3% | 12.1% |
| Median Negative | -15.3% | -17.4% | -10.7% |
| Max Positive | 22.9% | 24.6% | 31.0% |
| Max Negative | -35.3% | -33.5% | -38.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.