CECO Environmental Corp.(CECO)Earnings, Financials & Key Ratios

CECO•NASDAQ

$86.25

$3.09B mkt cap·63.0× P/E·Price updated May 6, 2026

SectorIndustrials IndustryEnvironmental Services Sub-IndustryAir and Water Treatment Systems

AboutCECO Environmental Corp. provides industrial air quality and fluid handling systems worldwide. It operates in two segments: Engineered Systems Segment and Industrial Process Solutions Segment. The company engineers, designs, builds, and installs systems that capture, clean, and destroy air- and water-borne emissions from industrial facilities as well as fluid handling, gas separation, and filtration systems. It offers dampers and diverters, selective catalytic reduction and selective non-catalytic reduction systems, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, and water and fluid handling equipment, as well as plant engineering services and engineered design build fabrication. The company markets its products and services to natural gas processors, transmission and distribution companies, refineries, power generators, industrial manufacturing, engineering and construction companies, semiconductor manufacturers, compressor manufacturers, beverage can manufacturers, metals and minerals, and electric vehicle producer companies. CECO Environmental Corp. was incorporated in 1966 and is headquartered in Dallas, Texas.Show more

Revenue$774M+38.8%
EBITDA$77M+53.4%
Net Income$50M+286.3%
EPS (Diluted)1.37+280.6%
Gross Margin32.68%-7.0%
EBITDA Margin9.89%+10.5%
Operating Margin6.68%+5.2%
Net Margin6.46%+178.3%
ROE17.41%+228.7%
ROIC9.96%+50.4%
Debt/Equity0.08-92.3%
Interest Coverage4.96+110.3%

Technical→

CECO Key Insights

CECO Environmental Corp. (CECO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 43.5%
✓Momentum leader: RS Rating 85 (top 15%)
✓Strong 5Y sales CAGR of 19.6%
✓Trading near 52-week high

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CECO Price & Volume

CECO Environmental Corp. (CECO) stock price & volume — 10-year historical chart

Loading chart...

CECO Growth Metrics

CECO Environmental Corp. (CECO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years7.66%

5 Years19.63%

3 Years22.37%

TTM33.55%

Profit CAGR

10 Years-

5 Years43.55%

3 Years42.17%

TTM-63.9%

EPS CAGR

10 Years-

5 Years42.89%

3 Years39.93%

TTM-64.17%

Return on Capital

10 Years4.59%

5 Years7.24%

3 Years8.76%

Last Year9.38%

CECO Recent Earnings

CECO Environmental Corp. (CECO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 9/12 qtrs (75%)

Q2 2026Latest

Apr 28, 2026

EPS

$0.36

Est $0.12

+200.0%

Revenue

$206M

Est $199M

+3.5%

Q1 2026

Feb 24, 2026

EPS

$0.30

Est $0.43

-30.2%

Revenue

$215M

Est $205M

+4.5%

Q4 2025

Oct 29, 2025

EPS

$0.26

Est $0.25

+4.0%

Revenue

$198M

Est $190M

+3.8%

Q3 2025

Jul 29, 2025

EPS

$0.24

Est $0.20

+20.0%

Revenue

$185M

Est $183M

+1.3%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 28, 2026	$0.36vs $0.12+200.0%	$206Mvs $199M+3.5%
Q1 2026	Feb 24, 2026	$0.30vs $0.43-30.2%	$215Mvs $205M+4.5%
Q4 2025	Oct 29, 2025	$0.26vs $0.25+4.0%	$198Mvs $190M+3.8%
Q3 2025	Jul 29, 2025	$0.24vs $0.20+20.0%	$185Mvs $183M+1.3%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
CLFDClearfield, Inc.Direct Competitor	419.28M	30.28	-52.21	19.56%	-6.32%	-3.4%	0.03
PESIPerma-Fix Environmental Services, Inc.Direct Competitor	218.49M	11.78	-15.71	4.33%	-22.35%	-24.89%	0.09
CLIRClearSign Technologies CorporationProduct Competitor	257.86M	4.91	-44.64	49.65%	-294.89%	-69.94%	0.01
ERIIEnergy Recovery, Inc.Product Competitor	613.34M	11.61	27.64	-7.07%	25.89%	17.36%	0.05
CDZICadiz Inc.Product Competitor	355.67M	4.72	-8.91	382.57%	-206.61%	-119.04%	2.53
HUBBHubbell IncorporatedProduct Competitor	26.71B	502.34	30.37	3.84%	15.1%	24.38%	0.68
EMREmerson Electric Co.Supply Chain	83.18B	147.92	36.61	3%	13.35%	12.1%	0.68
ITTITT Inc.Supply Chain	19.37B	216.63	35.46	8.48%	10.8%	13.01%	0.23

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

CECO Income Statement

CECO Environmental Corp. (CECO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	345.05M	337.34M	341.87M	316.01M	324.14M	422.63M	544.85M	557.93M	774.38M	812.38M
Revenue Growth %	-17.26%	-2.23%	1.34%	-7.56%	2.57%	30.38%	28.92%	2.4%	38.79%	33.55%
Cost of Goods Sold	231.86M	225.8M	227.77M	210.88M	223.22M	294.4M	373.83M	361.79M	521.32M	533.93M
COGS % of Revenue	67.2%	66.94%	66.62%	66.73%	68.86%	69.66%	68.61%	64.84%	67.32%	-
Gross Profit	113.19M▲ 0%	111.54M▼ 1.5%	114.1M▲ 2.3%	105.13M▼ 7.9%	100.92M▼ 4.0%	128.22M▲ 27.1%	171.02M▲ 33.4%	196.15M▲ 14.7%	253.06M▲ 29.0%	278.45M▲ 0%
Gross Margin %	32.8%	33.06%	33.38%	33.27%	31.14%	30.34%	31.39%	35.16%	32.68%	34.28%
Gross Profit Growth %	-16.06%	-1.46%	2.3%	-7.86%	-4%	27.05%	33.37%	14.7%	29.02%	-
Operating Expenses	96.11M	97.14M	96.11M	91.78M	91.06M	106.06M	136.45M	160.74M	201.35M	216.81M
OpEx % of Revenue	27.85%	28.8%	28.11%	29.04%	28.09%	25.1%	25.04%	28.81%	26%	-
Selling, General & Admin	88.97M	87.46M	85.98M	76.93M	81.8M	93.47M	122.94M	146.7M	200.73M	198.52M
SG&A % of Revenue	25.79%	25.93%	25.15%	24.34%	25.24%	22.12%	22.56%	26.29%	25.92%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	106K	-365K	10.13M	14.86M	9.27M	12.59M	13.5M	14.05M	619K	3.23M
Operating Income	8.02M▲ 0%	10M▲ 24.7%	17.99M▲ 79.9%	13.35M▼ 25.8%	9.86M▼ 26.1%	22.16M▲ 124.8%	34.57M▲ 56.0%	35.4M▲ 2.4%	51.71M▲ 46.1%	61.65M▲ 0%
Operating Margin %	2.33%	2.96%	5.26%	4.22%	3.04%	5.24%	6.34%	6.35%	6.68%	7.59%
Operating Income Growth %	131.39%	24.65%	79.86%	-25.81%	-26.14%	124.83%	55.99%	2.41%	46.07%	-
EBITDA	24.11M	23.1M	28.6M	23.27M	19.71M	32.77M	47.08M	49.93M	76.59M	86.03M
EBITDA Margin %	6.99%	6.85%	8.37%	7.36%	6.08%	7.76%	8.64%	8.95%	9.89%	10.59%
EBITDA Growth %	462.1%	-4.19%	23.79%	-18.64%	-15.29%	66.29%	43.63%	6.05%	53.42%	-18.6%
D&A (Non-Cash Add-back)	16.09M	13.1M	10.61M	9.92M	9.85M	10.61M	12.51M	14.52M	24.88M	24.39M
EBIT	10.48M	9.64M	18.74M	15.38M	12.04M	27.71M	34.94M	30.71M	103.76M	53.36M
Net Interest Income	-6.72M	-7.14M	-5.4M	-3.54M	-2.95M	-5.42M	-13.42M	-13.02M	-20.91M	-19.44M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	6.72M	7.14M	5.4M	3.54M	2.95M	5.42M	13.42M	13.02M	20.91M	19.44M
Other Income/Expense	-6.62M	-7.5M	-4.65M	-1.5M	-5.18M	1.53M	-13.04M	-17.71M	31.13M	-22.98M
Pretax Income	1.41M▲ 0%	2.5M▲ 77.2%	13.34M▲ 434.4%	11.84M▼ 11.2%	4.67M▼ 60.5%	23.69M▲ 406.8%	21.52M▼ 9.1%	17.69M▼ 17.8%	82.84M▲ 368.3%	38.66M▲ 0%
Pretax Margin %	0.41%	0.74%	3.9%	3.75%	1.44%	5.61%	3.95%	3.17%	10.7%	4.76%
Income Tax	4.44M	9.62M	-4.36M	3.67M	2.69M	5.43M	7.02M	3.27M	29.74M	17.25M
Effective Tax Rate %	314.98%	385.18%	-32.7%	31%	57.57%	22.91%	32.63%	18.48%	35.9%	44.62%
Net Income	-3.03M▲ 0%	-7.12M▼ 135.1%	17.71M▲ 348.7%	8.21M▼ 53.6%	1.43M▼ 82.6%	17.42M▲ 1121.4%	12.91M▼ 25.9%	12.96M▲ 0.4%	50.05M▲ 286.3%	17.12M▲ 0%
Net Margin %	-0.88%	-2.11%	5.18%	2.6%	0.44%	4.12%	2.37%	2.32%	6.46%	2.11%
Net Income Growth %	92.07%	-135.09%	348.66%	-53.63%	-82.63%	1121.39%	-25.87%	0.36%	286.29%	-63.9%
Net Income (Continuing)	-3.03M	-7.12M	17.71M	8.17M	1.98M	18.26M	14.5M	14.42M	53.11M	21.41M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	953K	1.4M	4.92M	4.85M	4.2M	5.65M	5M
EPS (Diluted)	-0.09▲ 0%	-0.21▼ 138.9%	0.50▲ 338.1%	0.23▼ 54.0%	0.04▼ 82.6%	0.50▲ 1146.9%	0.37▼ 26.0%	0.36▼ 2.7%	1.37▲ 280.6%	0.47▲ 0%
EPS Growth %	92.15%	-138.91%	338.1%	-54%	-82.57%	1146.88%	-26%	-2.7%	280.56%	-64.17%
EPS (Basic)	-0.09	-0.21	0.51	0.23	0.04	0.50	0.37	0.37	1.42	-
Diluted Shares Outstanding	34.45M	34.71M	35.48M	35.52M	35.59M	35.01M	35.33M	35.69M	36.6M	36.76M
Basic Shares Outstanding	33.66M	33.91M	34.99M	35.29M	35.35M	34.67M	34.67M	34.93M	35.33M	35.64M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

CECO Balance Sheet

CECO Environmental Corp. (CECO) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	173.94M	160.87M	179.5M	183.49M	189.01M	240.66M	281.44M	330.97M	410.18M	539.23M
Cash & Short-Term Investments	29.9M	43.68M	36.96M	37.81M	29.9M	45.52M	54.78M	37.83M	33.14M	45.41M
Cash Only	29.9M	43.68M	36.96M	37.81M	29.9M	45.52M	54.78M	37.83M	33.14M	45.41M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	101.94M	82.92M	103.24M	108.54M	126.42M	154.1M	179.31M	229.46M	172.91M	278.53M
Days Sales Outstanding	107.83	89.72	110.22	125.37	142.36	133.09	120.12	150.11	81.5	109.36
Inventory	20.97M	20.82M	20.58M	17.34M	17.05M	26.53M	34.09M	42.62M	54M	60.17M
Days Inventory Outstanding	33.01	33.65	32.98	30.02	27.88	32.89	33.28	43	37.8	39.59
Other Current Assets	10.37M	3.34M	10.49M	12M	4.88M	2.33M	12.44M	17.23M	150.13M	155.12M
Total Non-Current Assets	264.61M	231.72M	235M	245.65M	227.19M	264.06M	318.85M	428.73M	483.59M	488.14M
Property, Plant & Equipment	23.4M	22.2M	28.88M	27.6M	26.84M	32.2M	42.49M	58.91M	76.06M	77.27M
Fixed Asset Turnover	14.75x	15.20x	11.84x	11.45x	12.08x	13.12x	12.82x	9.47x	10.18x	10.81x
Goodwill	166.95M	152.16M	152.02M	161.82M	161.18M	183.2M	211.33M	269.75M	288.16M	291.13M
Intangible Assets	69.65M	54.22M	45.57M	42.57M	35.47M	44.76M	60.03M	74.05M	96.97M	99.17M
Long-Term Investments	300K	563K	0	0	0	0	0	0	0	0
Other Non-Current Assets	-1.96M	-2.08M	2.66M	3.83M	3.19M	3.08M	4.7M	25.05M	21.95M	85.99M
Total Assets	438.55M▲ 0%	392.58M▼ 10.5%	414.5M▲ 5.6%	429.13M▲ 3.5%	416.2M▼ 3.0%	504.72M▲ 21.3%	600.29M▲ 18.9%	759.7M▲ 26.6%	893.77M▲ 17.6%	1.03B▲ 0%
Asset Turnover	0.79x	0.86x	0.82x	0.74x	0.78x	0.84x	0.91x	0.73x	0.87x	0.88x
Asset Growth %	-12.05%	-10.48%	5.58%	3.53%	-3.01%	21.27%	18.94%	26.56%	17.65%	115.05%
Total Current Liabilities	107.85M	103.89M	115.19M	109.36M	116.69M	146.7M	203.11M	244.66M	305.83M	405.79M
Accounts Payable	45.41M	51.98M	48.76M	55.9M	56.24M	73.41M	87.69M	109.67M	117.85M	137.59M
Days Payables Outstanding	71.48	84.03	78.14	96.75	91.97	91.01	85.62	110.65	82.51	86.99
Short-Term Debt	16.6M	1.7M	5.63M	5.96M	2.2M	3.58M	12.99M	3.35M	1.88M	5.34M
Deferred Revenue (Current)	20.47M	20.14M	40.03M	24.66M	33.31M	37.23M	64.77M	0	0	109.02M
Other Current Liabilities	40.6M	42.62M	15.05M	17.21M	3.07M	3.69M	11.28M	124.02M	186.1M	262.86M
Current Ratio	1.61x	1.55x	1.56x	1.68x	1.62x	1.64x	1.39x	1.35x	1.34x	1.34x
Quick Ratio	1.42x	1.35x	1.38x	1.52x	1.47x	1.46x	1.22x	1.18x	1.16x	1.16x
Cash Conversion Cycle	69.36	39.34	65.06	58.64	78.27	74.97	67.78	82.47	36.79	61.97
Total Non-Current Liabilities	144.13M	110.14M	106.29M	116.17M	93.56M	139.87M	159.69M	263.14M	264.76M	304.38M
Long-Term Debt	103.54M	74.46M	63M	69.49M	61.58M	107.63M	126.8M	217.23M	22.96M	23.11M
Capital Lease Obligations	4.38M	4.16M	18.46M	16.09M	8.76M	8.45M	11.42M	24.33M	0	19.75M
Deferred Tax Liabilities	10.21M	8.76M	11.8M	16.79M	8.39M	8.67M	8.84M	11.32M	27.92M	117.39M
Other Non-Current Liabilities	36.21M	31.52M	13.03M	13.79M	14.83M	15.13M	12.64M	11.23M	213.88M	694.13M
Total Liabilities	251.98M	214.02M	221.48M	225.52M	210.24M	286.57M	362.8M	507.81M	570.59M	710.17M
Total Debt	120.13M	76.16M	87.08M	91.54M	75.56M	123.53M	155.48M	249.92M	24.84M	28.45M
Net Debt	90.23M	32.48M	50.13M	53.73M	45.65M	78.01M	100.7M	212.08M	-8.3M	-16.96M
Debt / Equity	0.64x	0.43x	0.45x	0.45x	0.37x	0.57x	0.65x	0.99x	0.08x	0.08x
Debt / EBITDA	4.98x	3.30x	3.04x	3.93x	3.83x	3.77x	3.30x	5.01x	0.32x	0.33x
Net Debt / EBITDA	3.74x	1.41x	1.75x	2.31x	2.32x	2.38x	2.14x	4.25x	-0.11x	-0.11x
Interest Coverage	1.56x	1.35x	3.47x	4.35x	4.08x	5.11x	2.60x	2.36x	4.96x	2.74x
Total Equity	186.57M▲ 0%	178.56M▼ 4.3%	193.02M▲ 8.1%	203.61M▲ 5.5%	205.96M▲ 1.2%	218.15M▲ 5.9%	237.49M▲ 8.9%	251.89M▲ 6.1%	323.18M▲ 28.3%	317.2M▲ 0%
Equity Growth %	-1.85%	-4.29%	8.1%	5.49%	1.15%	5.92%	8.87%	6.06%	28.3%	91.63%
Book Value per Share	5.42	5.14	5.44	5.73	5.79	6.23	6.72	7.06	8.83	8.63
Total Shareholders' Equity	186.57M	178.56M	193.02M	202.66M	204.55M	213.22M	232.64M	247.69M	317.53M	312.2M
Common Stock	347K	349K	353K	355K	350K	344K	348K	349K	355K	357K
Retained Earnings	-52.67M	-59.43M	-46.34M	-38.14M	-36.72M	-19.3M	-6.39M	6.57M	56.62M	56.22M
Treasury Stock	-356K	-356K	-356K	-356K	0	0	0	0	0	0
Accumulated OCI	-8.92M	-13.41M	-14.51M	-14.5M	-12.07M	-18M	-16.27M	-14.44M	-8.9M	-8.98M
Minority Interest	0	0	0	953K	1.4M	4.92M	4.85M	4.2M	5.65M	5M

CECO Cash Flow Statement

CECO Environmental Corp. (CECO) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	6.57M	21.95M	10.23M	4.42M	13.3M	29.65M	44.65M	24.83M	5.86M	5.86M
Operating CF Margin %	1.9%	6.51%	2.99%	1.4%	4.1%	7.02%	8.19%	4.45%	0.76%	-
Operating CF Growth %	-90.56%	234.12%	-53.41%	-56.77%	200.79%	122.96%	50.59%	-44.39%	-76.39%	381.04%
Net Income	-3.03M	-7.12M	17.71M	8.17M	1.98M	18.26M	12.91M	14.42M	50.05M	17.12M
Depreciation & Amortization	16.09M	13.27M	10.61M	9.92M	9.85M	10.61M	12.51M	14.52M	24.88M	44.65M
Stock-Based Compensation	1.77M	3.19M	2.67M	1.76M	3.33M	3.9M	4.53M	7.51M	13.11M	22.85M
Deferred Taxes	-3.12M	-42K	-940K	1.04M	2.73M	-39K	-118K	-3.61M	6.31M	12.46M
Other Non-Cash Items	-3.68M	4.86M	1.04M	4.29M	521K	-659K	4.07M	4.84M	-68.45M	-83.56M
Working Capital Changes	-1.46M	7.8M	-20.86M	-20.76M	-5.13M	-2.42M	10.74M	-12.86M	-20.04M	-42.3M
Change in Receivables	14.11M	-6.08M	-20.64M	8.37M	-13.16M	-6.75M	-21.81M	-56.5M	-51.6M	-62.32M
Change in Inventory	887K	-1.7M	-207K	4.37M	-203K	-6.02M	-6.9M	-9.81M	-3.18M	-3.94M
Change in Payables	-15.85M	21.32M	-4.03M	336K	440K	22.54M	13.85M	36.18M	7.21M	18.06M
Cash from Investing	-660K	38.26M	-5.15M	-9.23M	-2.08M	-48.26M	-56.49M	-105.31M	-1.08M	-6.98M
Capital Expenditures	-1.03M	-3.09M	-5.66M	-3.94M	-2.62M	-3.38M	-8.38M	0	-11.34M	-19.3M
CapEx % of Revenue	0.3%	0.92%	1.65%	1.25%	0.81%	0.8%	1.54%	3.11%	1.46%	-
Acquisitions	368K	35.05M	0	-5.89M	533K	-44.9M	-48.1M	-87.95M	-97.61M	-95.56M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	368K	6.3M	509K	605K	0	19K	0	-17.36M	107.88M	74K
Cash from Financing	-22.71M	-44.9M	-12.12M	3.72M	-15.56M	38.18M	21.14M	65.91M	-11.56M	-138.87M
Debt Issued (Net)	-9.61M	-44.95M	-11.07M	3.72M	-9.04M	46.08M	25.11M	81.99M	-8.04M	-135.72M
Equity Issued (Net)	0	0	0	0	-5.01M	-7.02M	1.44M	-5M	872K	654K
Dividends Paid	-7.79M	0	0	0	0	0	0	0	0	-1.61M
Share Repurchases	0	0	0	0	-5.01M	-7.02M	0	-5M	0	0
Other Financing	-6.74M	54K	-1.04M	0	-1.5M	-884K	-5.4M	-11.08M	-4.39M	-2.2M
Net Change in Cash	-15.92M▲ 0%	13.78M▲ 186.5%	-7.48M▼ 154.3%	853K▲ 111.4%	-5.82M▼ 781.8%	14.59M▲ 350.9%	8.86M▼ 39.3%	-17.25M▼ 294.6%	-4.97M▲ 71.2%	-118.42M▲ 0%
Free Cash Flow	5.54M▲ 0%	18.86M▲ 240.3%	4.57M▼ 75.8%	476K▼ 89.6%	10.68M▲ 2144.1%	26.27M▲ 146.0%	36.26M▲ 38.0%	7.46M▼ 79.4%	-5.48M▼ 173.5%	4.12M▲ 0%
FCF Margin %	1.61%	5.59%	1.34%	0.15%	3.3%	6.22%	6.66%	1.34%	-0.71%	0.51%
FCF Growth %	-91.91%	240.35%	-75.76%	-89.59%	2144.12%	145.96%	38.02%	-79.43%	-173.49%	-64.63%
FCF per Share	0.16	0.54	0.13	0.01	0.30	0.75	1.03	0.21	-0.15	-0.15
FCF Conversion (FCF/Net Income)	-2.17x	-3.08x	0.58x	0.54x	9.33x	1.70x	3.46x	1.92x	0.12x	0.24x
Interest Paid	5.69M	5.56M	3.55M	3.17M	0	5.01M	12.1M	13.34M	0	32.28M
Taxes Paid	3.05M	10.21M	5.91M	2.16M	0	5.38M	9.92M	9.55M	0	44.75M

CECO Key Ratios

CECO Environmental Corp. (CECO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	-1.61%	-3.9%	9.53%	4.14%	0.7%	8.21%	5.67%	5.3%	17.41%	5.45%
Return on Invested Capital (ROIC)	2.19%	3.08%	5.94%	4%	2.91%	6.07%	8.17%	6.62%	9.96%	9.96%
Gross Margin	32.8%	33.06%	33.38%	33.27%	31.14%	30.34%	31.39%	35.16%	32.68%	34.28%
Net Margin	-0.88%	-2.11%	5.18%	2.6%	0.44%	4.12%	2.37%	2.32%	6.46%	2.11%
Debt / Equity	0.64x	0.43x	0.45x	0.45x	0.37x	0.57x	0.65x	0.99x	0.08x	0.08x
Interest Coverage	1.56x	1.35x	3.47x	4.35x	4.08x	5.11x	2.60x	2.36x	4.96x	2.74x
FCF Conversion	-2.17x	-3.08x	0.58x	0.54x	9.33x	1.70x	3.46x	1.92x	0.12x	0.24x
Revenue Growth	-17.26%	-2.23%	1.34%	-7.56%	2.57%	30.38%	28.92%	2.4%	38.79%	33.55%

CECO SEC Filings & Documents

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

8-K Announcements

Material company update

Apr 28, 2026·SEC

Material company update

Apr 2, 2026·SEC

Material company update

Feb 24, 2026·SEC

10-K Annual Reports

FY 2026

Mar 2, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 28, 2025·SEC

FY 2025

Jul 29, 2025·SEC

CECO Frequently Asked Questions

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

Growth & Financials

CECO Environmental Corp. (CECO) reported $812.4M in revenue for fiscal year 2025. This represents a 8149% increase from $9.8M in 1996.

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

Yes, CECO Environmental Corp. (CECO) is profitable, generating $17.1M in net income for fiscal year 2025 (6.5% net margin).

Dividend & Returns

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

CECO Environmental Corp. (CECO) generated $4.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More CECO

CECO Environmental Corp. (CECO) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→

CECO Environmental Corp.(CECO)Earnings, Financials & Key Ratios

CECO Key Insights

✓Strengths

✗Weaknesses

CECO Price & Volume

CECO Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

CECO Recent Earnings

CECO Peer Comparison

Compare CECO vs Peers

vs CLFD

vs GE

Compare Top 5

CECO Income Statement

CECO Balance Sheet

CECO Cash Flow Statement

CECO Key Ratios

CECO SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

CECO Frequently Asked Questions

Explore More CECO

Total Return Calculator

DCA Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Valuation