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CECOCECO Environmental Corp.
$73.66$4.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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CECO logo

CECO Environmental Corp.

CECO
NASDAQ · Environmental Services
$73.66
At close - Oct 2, 4:00 PM EDT - USD
Market Cap$4.3B
P/E53.8x
52W High$101.24
Volume747.87K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Transformative Acquisition Drives Growth, Strains Margins

CECO Environmental is undergoing a transformative phase, with revenue surging 53.7% YoY in 2026Q2 to $285.0M, driven by strategic acquisitions and expansion into high-growth markets. However, this growth has come at the cost of profitability, as gross margins ...

GrowthAccelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

CECO price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

+96% Peers

P/E is 96% above peer median

03

Market leadership

RS 73 · Avg

Average momentum (RS Rating: 73)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 10

Market performance

Price History →

Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CECO+23.20%
S&P 500 (^GSPC)+12.66%
1-Year Return
CECO+43.06%
S&P 500 (^GSPC)+15.01%
3-Year Return
CECO+363.85%
S&P 500 (^GSPC)+86.23%
5-Year Return
CECO+902.18%
S&P 500 (^GSPC)+82.68%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
53.8x
Forward P/EExpansion
32.1x
EV/EBITDA100th %ile
56.1x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
53.8x
54.8x
40th· Fair
EV/EBITDA
56.1x
17.4x
100th· High
Price/FCF
N/A
20.8x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$2.54-96.6%
Base (Fair)$54.49-26.0%
Bull$6.91-90.6%
$2.54 Bear$54.49 Base$6.91 Bull
Current Market Price: $73.66
Trades at a 35.2% premium to Base DCF ($54.49)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$774M+38.8% YoY
Net income
$50M+286.3% YoY
Free cash flow
-$5M-173.5% YoY
Operating margin
6.7%+0.3 pts YoY
ROIC (TTM)10%
Avg ROIC 5Y-
ROE (TTM)17.4%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 10, 2026
$0.47+84.3%
vs $0.26
$285M+1.0%
vs $282M
Q2 2026
Apr 28, 2026
$0.36+200.0%
vs $0.12
$206M+3.5%
vs $199M
Q1 2026
Feb 24, 2026
$0.30-30.2%
vs $0.43
$215M+4.5%
vs $205M
Q4 2025
Oct 29, 2025
$0.26+4.0%
vs $0.25
$198M+3.8%
vs $190M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·5d ago
CECO Environmental (NASDAQ:CECO) & Hydrofarm Holdings Group (NASDAQ:HYFM) Head-To-Head Survey

Hydrofarm Holdings Group (NASDAQ: HYFM - Get Free Report) and CECO Environmental (NASDAQ: CECO - Get Free Report) are both industrials companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, dividends, profitability, valuation, earnings, risk and institutional ownership. Insider and Institutional Ownership 26.6% of Hydrofarm

Defense World·Sep 24, 2026
Bank of America Corp DE Invests $21.19 Million in CECO Environmental Corp. $CECO

Bank of America Corp DE acquired a new stake in shares of CECO Environmental Corp. (NASDAQ: CECO) during the undefined quarter, according to its most recent 13F filing with the SEC. The firm acquired 233,498 shares of the company's stock, valued at approximately $21,188,000. Bank of America Corp DE owned 0.65% of CECO

Zacks Investment Research·Sep 23, 2026
CECO's Industrial Process Solutions Unit Gains Momentum: Can It Sustain?

CECO's Industrial Process Solutions segment is gaining on strong project execution, surging orders and a robust backlog that supports revenue visibility.

GuruFocus·Sep 22, 2026
CECO Environmental Corp (CECO) Shares Surge 3.0% -- What GF Score of 84 Tells Investors

On September 22, 2026, CECO Environmental Corp (CECO) shares rose 3.0%, closing at $73.71. The stock has shown a 52-week range of $42.82 to $101.24, reflecting

Filtered for CECO Environmental Corp.More Headlines
04

Compare before deciding

Benchmark CECO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for CECO Environmental Corp. (CECO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CECO logoCECOCECO Environmental Corp.Current
$73.66$4.3B53.7738.79%6.46%17.41%—
CLFD logoCLFDClearfield, Inc.
$33.48$454.98M-57.7219.56%-5.55%-2.9%—
PESI logoPESIPerma-Fix Environmental Services, Inc.
$15.56$329.93M-20.754.33%-37.04%-40.97%—
CLIR logoCLIRClearSign Technologies Corporation
$3.51$22.14M-3.5545.55%-96.07%-58.08%—
ERII logoERIIEnergy Recovery, Inc.
$6.77$348.96M16.12-7.07%12.75%8.25%—
CDZI logoCDZICadiz Inc.
$3.83$322.05M-7.9869.79%-310.93%-206.7%—

Compare CECO vs Peers

CECO Environmental Corp. (CECO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CLFD

Most directly comparable listed peer for CECO.

Scale Benchmark

vs GE

Larger-name benchmark to compare CECO against a more recognizable public peer.

Peer Set

Compare Top 5

vs CLFD, PESI, CLIR, ERII

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CECO SEC Filings & Documents

CECO Environmental Corp. (CECO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 10, 2026·SEC

Material company update

Jun 9, 2026·SEC

Material company update

Jun 1, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 2, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Mar 5, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 10, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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CECO Frequently Asked Questions

CECO Environmental Corp. (CECO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is CECO Environmental Corp.'s revenue?

CECO Environmental Corp. (CECO) reported $911.9M in revenue for fiscal year 2025. This represents a 9161% increase from $9.8M in 1996.

How fast is CECO Environmental Corp. growing?

CECO Environmental Corp. (CECO) grew revenue by 38.8% over the past year. This is strong growth.

Is CECO profitable?

CECO Environmental Corp. (CECO) reported a net loss of $27.2M for fiscal year 2025.

Dividend & Returns
What is CECO's return on equity?

CECO Environmental Corp. (CECO) has a return on equity (ROE) of 17.4%. This is reasonable for most industries.

What is CECO Environmental Corp.'s free cash flow?

CECO Environmental Corp. (CECO) had negative free cash flow of $11.4M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in CECO back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →