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Trio-Tech International vs Energy Recovery: TRT and ERII compared
Trio-Tech International is the larger company: $14.9M of revenue in its latest quarter (Q4 FY26) against $11.2M for Energy Recovery (Q3 2026). Trio-Tech International is growing faster (+40% against -65% a year earlier). Trio-Tech International is more profitable, with an operating margin of -1.8% against -87.5%.
Where the money goes: TRT and ERII
Trio-Tech International (TRT) · Q4 FY26
Trio-Tech International, Q4 FY26: revenue $14.9M (+40% year over year), operating margin -1.8%, net loss $200K, 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.
| Trio-Tech International (TRT) | Energy Recovery (ERII) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $14.9M | $11.2M |
| Revenue growth, Y/Y | +40% | -65% |
| Operating margin | -1.8% | -87.5% |
| Net earnings | −$200K | −$6.3M |
| Net margin | -1.3% | -56.5% |
| Operating cash flow | $1.1M | −$9.2M |
| Free cash flow | $244K | — |
Where the revenue comes from
Trio-Tech International
- Semiconductor Back-end Solutions: $12.1M (81%)
- Industrial Electronics: $2.8M (19%)
- Product and Service, Other: $9K (0%)
Energy Recovery
- Desalination: $10.7M (96%)
- Wastewater: $476K (4%)
Questions
Which is bigger, Trio-Tech International or Energy Recovery?
Trio-Tech International is the larger company: $14.9M of revenue in its latest quarter (Q4 FY26) against $11.2M for Energy Recovery (Q3 2026).
Is Trio-Tech International or Energy Recovery growing faster?
Trio-Tech International is growing faster (+40% against -65% a year earlier).
Which is more profitable, Trio-Tech International or Energy Recovery?
Trio-Tech International is more profitable, with an operating margin of -1.8% against -87.5%.
More: Trio-Tech International earnings · how Trio-Tech International makes money · Energy Recovery earnings · how Energy Recovery makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Sep 24, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.