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Cricut vs Energy Recovery: revenue, profit, margins and growth compared

Cricut brought in $708.8M of revenue in fiscal 2025, Energy Recovery $135M in fiscal 2025. Revenue changed by -0.5% at Cricut and -6.9% at Energy Recovery on the year before, so Cricut grew faster. Cricut kept 10.8% of its revenue as net profit, Energy Recovery 17.0%.

Side by side, latest fiscal year

CRCTERII
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$708.8M$135M
Revenue growth-0.5%-6.9%
Net income$76.7M$23M
Net margin10.8%17.0%
Free cash flown/a$17.4M
Free cash flow marginn/a12.9%
Earnings per share (diluted)$0.35$0.42
Cash$256.2M$48.1M
Debtn/an/a
Price to earnings17.516.2
Market value$1.3B$347.6M
Dividend yieldn/an/a
Rank by revenue in sector#267 of 530 · Technology#405 of 530 · Technology

Over the years

Revenue
CRCT FY2019: $486.6MCRCT FY2021: $959MCRCT FY2021: $1.3BCRCT FY2022: $886.3MCRCT FY2023: $765.1MCRCT FY2024: $712.5MCRCT FY2025: $708.8MERII FY2018: $74.5MERII FY2019: $86.9MERII FY2020: $119MERII FY2021: $103.9MERII FY2022: $125.6MERII FY2023: $128.3MERII FY2024: $144.9MERII FY2025: $135MFY18FY19FY20FY21FY22FY23FY24FY25
CRCT $708.8MERII $135M
Net income
CRCT FY2019: $39.2MCRCT FY2021: $154.6MCRCT FY2021: $140.5MCRCT FY2022: $60.7MCRCT FY2023: $53.6MCRCT FY2024: $62.8MCRCT FY2025: $76.7MERII FY2018: $22.1MERII FY2019: $10.9MERII FY2020: $26.4MERII FY2021: $14.3MERII FY2022: $24MERII FY2023: $21.5MERII FY2024: $23.1MERII FY2025: $23MFY18FY19FY20FY21FY22FY23FY24FY25
CRCT $76.7MERII $23M
Net margin
CRCT FY2019: 8.1%CRCT FY2021: 16.1%CRCT FY2021: 10.8%CRCT FY2022: 6.8%CRCT FY2023: 7.0%CRCT FY2024: 8.8%CRCT FY2025: 10.8%ERII FY2018: 29.6%ERII FY2019: 12.6%ERII FY2020: 22.2%ERII FY2021: 13.7%ERII FY2022: 19.1%ERII FY2023: 16.8%ERII FY2024: 15.9%ERII FY2025: 17.0%FY18FY19FY20FY21FY22FY23FY24FY25
CRCT 10.8%ERII 17.0%
Revenue growth
CRCT FY2021: +97.1%CRCT FY2021: +36.2%CRCT FY2022: -32.1%CRCT FY2023: -13.7%CRCT FY2024: -6.9%CRCT FY2025: -0.5%ERII FY2019: +16.7%ERII FY2020: +36.9%ERII FY2021: -12.7%ERII FY2022: +20.9%ERII FY2023: +2.2%ERII FY2024: +12.9%ERII FY2025: -6.9%FY19FY20FY21FY22FY23FY24FY25
CRCT -0.5%ERII -6.9%
Free cash flow
ERII FY2018: $2.3MERII FY2019: -$2.1MERII FY2020: $10.1MERII FY2021: $6.8MERII FY2022: $8.4MERII FY2023: $23.5MERII FY2024: $19.2MERII FY2025: $17.4MFY18FY19FY20FY21FY22FY23FY24FY25
CRCTERII $17.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cricut and Energy Recovery

Which is bigger by revenue, Cricut or Energy Recovery?

Cricut is bigger by revenue: $708.8M in fiscal 2025, against $135M for Energy Recovery in fiscal 2025.

Which keeps more of its revenue as profit, Cricut or Energy Recovery?

Cricut had a net margin of 10.8% in fiscal 2025; Energy Recovery had 17.0% in fiscal 2025.

Which grew revenue faster, Cricut or Energy Recovery?

In their latest fiscal years revenue changed by -0.5% at Cricut and -6.9% at Energy Recovery.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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