Energy Recovery, Inc.
Close on Oct 19, 2026
- Market cap
- $342.74M
- P/E (TTM)
- 23.8
- Dividend yield
- –
About Energy Recovery
Special Industry Machinery, NEC, SIC 3559
Energy Recovery, Inc. develops and manufactures energy recovery devices and related fluid-flow solutions for industrial applications. The company’s core technology centers on its proprietary pressure exchanger, alongside hydraulic turbochargers, ultra-high-pressure units, and refrigeration devices such as the PX G1300. It organizes operations into business segments that include Water and Emerging Technologies. The company delivers products and services to customers operating across seawater reverse osmosis desalination facilities, industrial wastewater treatment systems, and CO2-based commercial refrigeration systems.
The company maintains corporate headquarters alongside research, development, and manufacturing operations in San Leandro, California. Additional operating facilities include a manufacturing and warehouse location in Tracy, California, as well as a leased property in Katy, Texas. The company sells its systems and replacement parts to international customers and municipal projects, serving markets across North America, the Middle East, Africa, Asia, and Europe.
Summary of the business section of Energy Recovery's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Energy Recovery, Inc.
- Headquarters
- San Leandro, CA
- Address
- 1717 Doolittle Drive 94577
- Phone
- (510) 483-7370
- Employees
- 230, Dec 31, 2025
- Industry
- Special Industry Machinery, NEC
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, San Francisco, California
Stock & identifiers
- Ticker
- ERII
- Exchange
- Nasdaq
- IPO date
- Jul 2, 2008
- Shares outstanding
- 51M, Jul 31, 2026
- Public float
- $595.00M, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1421517
- CUSIP
- 29270J100
- ISIN
- US29270J1007
- LEI
- 549300ZEQL52Z525WJ22
- EIN
- 01-0616867
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Alexander J. Buehler | Interim President and CEO, Director | 81,655 |
| David W. Moon | President and CEO, Director | 270,019 |
| Rodney Clemente | SVP, Water | 108,301 |
| William Yeung | Chief Legal Officer | 104,859 |
| Aidan Ryan | Interim CFO | 34,133 |
| Natarajan Ramanan | Chief Technology Officer | 52,565 |
| Matthew Hostetler | Chief Human Resources Officer | 46,556 |
| Michael S. Mancini | Chief Financial Officer | 75,051 |
| Farshad Ghasripoor | Chief Technology Officer | 123,090 |
| John Joseph Mitchell | Director | 16,797 |
| Colin R. Sabol | Director | 58,671 |
| Pamela L. Tondreau | Director | 98,206 |
| Joan Kai Chow | Director | 53,616 |
| Arve Hanstveit | Director | 520,603 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr.Moon | $3.22M | $2.83M | $1.39M | $99 | $165 |
| FY2024 Mr.Moon | $3.75M | $3.15M | $1.30M | $150 | $216 |
| FY2023 Mr.Moon | $2.16M | $1.89M | $1.52M | $192 | $178 |
| FY2022 Mr.Moon | $2.03M | $2.12M | $1.01M | $209 | $136 |
| FY2021 Mr.Moon | $2.01M | $4.67M | $859.00K | $220 | $161 |
| FY2020 Mr.Moon | $2.09M | $3.27M | $834.00K | $139 | $119 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025 , we had 230 full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 13, 2018 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Dec 23, 2009 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 2, 2008 | IPO | Initial public offering priced (424B4 prospectus) |
| Jun 26, 2008 | Listing | Registration of securities on an exchange (Form 8-A) |