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Energy Recovery vs CVD Equipment: ERII and CVV compared
Energy Recovery is the larger company: $11.2M of revenue in its latest quarter (Q3 2026) against $1.6M for CVD Equipment (Q3 2026). Energy Recovery is growing faster (-65% against -72% a year earlier). Energy Recovery is more profitable, with an operating margin of -87.5% against -149.0%.
Where the money goes: ERII and CVV
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.
CVD Equipment (CVV) · Q3 2026
CVD Equipment, Q3 2026: revenue $1.6M (-72% year over year), operating margin -149.0%, net loss $1.5M, operating cash flow $43K. The chart follows the revenue to costs, profit and cash.
| Energy Recovery (ERII) | CVD Equipment (CVV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $11.2M | $1.6M |
| Revenue growth, Y/Y | -65% | -72% |
| Operating margin | -87.5% | -149.0% |
| Net earnings | −$6.3M | −$1.5M |
| Net margin | -56.5% | -94.2% |
| Operating cash flow | −$9.2M | $43K |
Where the revenue comes from
Energy Recovery
- Desalination: $10.7M (96%)
- Wastewater: $476K (4%)
CVD Equipment
- Aerospace: $902K (57%)
- Industrial: $314K (20%)
- Research One: $221K (14%)
- Energy: $146K (9%)
Questions
Which is bigger, Energy Recovery or CVD Equipment?
Energy Recovery is the larger company: $11.2M of revenue in its latest quarter (Q3 2026) against $1.6M for CVD Equipment (Q3 2026).
Is Energy Recovery or CVD Equipment growing faster?
Energy Recovery is growing faster (-65% against -72% a year earlier).
Which is more profitable, Energy Recovery or CVD Equipment?
Energy Recovery is more profitable, with an operating margin of -87.5% against -149.0%.
More: Energy Recovery earnings · how Energy Recovery makes money · CVD Equipment earnings · how CVD Equipment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.