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Amtech Systems vs Energy Recovery: ASYS and ERII compared
Amtech Systems is the larger company: $22.4M of revenue in its latest quarter (Q3 FY26) against $11.2M for Energy Recovery (Q3 2026). Amtech Systems is growing faster (+14% against -65% a year earlier). Amtech Systems is more profitable, with an operating margin of 9.9% against -87.5%.
Where the money goes: ASYS and ERII
Amtech Systems (ASYS) · Q3 FY26
Amtech Systems, Q3 FY26: revenue $22.4M (+14% year over year), operating margin 9.9%, net earnings $1.7M, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
Energy Recovery (ERII) · Q3 2026
Energy Recovery, Q3 2026: revenue $11.2M (-65% year over year), operating margin -87.5%, net loss $6.3M, operating cash flow −$9.2M. The chart follows the revenue to costs, profit and cash.
| Amtech Systems (ASYS) | Energy Recovery (ERII) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $22.4M | $11.2M |
| Revenue growth, Y/Y | +14% | -65% |
| Gross margin | 50.0% | — |
| Operating margin | 9.9% | -87.5% |
| Net earnings | $1.7M | −$6.3M |
| Net margin | 7.4% | -56.5% |
| Operating cash flow | $1.1M | −$9.2M |
| Free cash flow | $994K | — |
Where the revenue comes from
Energy Recovery
- Desalination: $10.7M (96%)
- Wastewater: $476K (4%)
Questions
Which is bigger, Amtech Systems or Energy Recovery?
Amtech Systems is the larger company: $22.4M of revenue in its latest quarter (Q3 FY26) against $11.2M for Energy Recovery (Q3 2026).
Is Amtech Systems or Energy Recovery growing faster?
Amtech Systems is growing faster (+14% against -65% a year earlier).
Which is more profitable, Amtech Systems or Energy Recovery?
Amtech Systems is more profitable, with an operating margin of 9.9% against -87.5%.
More: Amtech Systems earnings · how Amtech Systems makes money · Energy Recovery earnings · how Energy Recovery makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.