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Energy Recovery vs Greystone Logistics: ERII and GLGI compared
Energy Recovery is the larger company: $11.2M of revenue in its latest quarter (Q3 2026) against $5.3M for Greystone Logistics (Q1 FY27). Greystone Logistics is growing faster (-50% against -65% a year earlier). Greystone Logistics is more profitable, with an operating margin of -35.4% against -87.5%.
Where the money goes: ERII and GLGI
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.
Greystone Logistics (GLGI) · Q1 FY27
Greystone Logistics, Q1 FY27: revenue $5.3M (-50% year over year), operating margin -35.4%, net loss $2.6M, operating cash flow $81K. The chart follows the revenue to costs, profit and cash.
| Energy Recovery (ERII) | Greystone Logistics (GLGI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $11.2M | $5.3M |
| Revenue growth, Y/Y | -65% | -50% |
| Operating margin | -87.5% | -35.4% |
| Net earnings | −$6.3M | −$2.6M |
| Net margin | -56.5% | -48.1% |
| Operating cash flow | −$9.2M | $81K |
Where the revenue comes from
Energy Recovery
- Desalination: $10.7M (96%)
- Wastewater: $476K (4%)
Questions
Which is bigger, Energy Recovery or Greystone Logistics?
Energy Recovery is the larger company: $11.2M of revenue in its latest quarter (Q3 2026) against $5.3M for Greystone Logistics (Q1 FY27).
Is Energy Recovery or Greystone Logistics growing faster?
Greystone Logistics is growing faster (-50% against -65% a year earlier).
Which is more profitable, Energy Recovery or Greystone Logistics?
Greystone Logistics is more profitable, with an operating margin of -35.4% against -87.5%.
More: Energy Recovery earnings · how Energy Recovery makes money · Greystone Logistics earnings · how Greystone Logistics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 15, 2026). Fiscal quarters can end on different dates. Not investment advice.