CECO Environmental Corp. (CECO) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Industrial - Pollution & Treatment Controls
EV/EBITDA
↑
40.29
↑+101% vs avg
5yr avg: 20.03
30Y Low2.2·High74.8
P/FCF
↑
N/A
—
5yr avg: 50.17
30Y Low3.7·High175.1
P/B Ratio
↑
9.77
↑+187% vs avg
5yr avg: 3.41
30Y Low0.4·High55.1
ROE
↑
17.4%
↓+133% vs avg
5yr avg: 7.5%
30Y Low-39%·High29%
Debt/EBITDA
↓
0.32
↓-90% vs avg
5yr avg: 3.25
30Y Low0.3·High26.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CECO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CECO Environmental Corp. trades at 63.0x earnings, 13% below its 5-year average of 72.2x, sitting at the 76th percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a premium of 143%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.1B | $2.2B | $1.1B | $717M | $409M | $222M | $247M | $653M | $396M | $416M | $343M |
| Enterprise Value | $3.1B | $2.2B | $1.3B | $817M | $487M | $267M | $301M | $703M | $429M | $506M | $426M |
| P/E Ratio → | 62.96 | 43.69 | 83.97 | 54.81 | 23.36 | 155.36 | 30.26 | 36.78 | — | — | — |
| P/S Ratio | 4.00 | 2.83 | 1.93 | 1.32 | 0.97 | 0.68 | 0.78 | 1.91 | 1.18 | 1.21 | 0.82 |
| P/B Ratio | 9.77 | 6.78 | 4.28 | 3.02 | 1.87 | 1.08 | 1.21 | 3.38 | 2.22 | 2.23 | 1.80 |
| P/FCF | — | — | 144.61 | 19.76 | 15.56 | 20.76 | 519.38 | 142.73 | 21.02 | 75.08 | 5.00 |
| P/OCF | 527.90 | 373.78 | 43.45 | 16.05 | 13.79 | 16.68 | 55.92 | 63.81 | 18.06 | 63.33 | 4.93 |
P/E links to full P/E history page with 30-year chart
CECO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CECO Environmental Corp.'s enterprise value stands at 40.3x EBITDA, 101% above its 5-year average of 20.0x. The Industrials sector median is 13.9x, placing the stock at a 190% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.82 | 2.31 | 1.50 | 1.15 | 0.82 | 0.95 | 2.06 | 1.27 | 1.47 | 1.02 |
| EV / EBITDA | 40.29 | 28.49 | 25.86 | 17.36 | 14.85 | 13.57 | 12.93 | 24.57 | 18.57 | 21.00 | — |
| EV / EBIT | 59.67 | 21.03 | 42.03 | 23.39 | 17.57 | 22.21 | 19.57 | 37.49 | 44.51 | 48.33 | — |
| EV / FCF | — | — | 173.04 | 22.54 | 18.53 | 25.03 | 632.25 | 153.69 | 22.74 | 91.36 | 6.21 |
CECO Profitability
Margins and return-on-capital ratios measuring operating efficiency
CECO Environmental Corp. earns an operating margin of 6.7%, roughly in line with the Industrials sector average. ROE of 17.4% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 10.0% represents adequate returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.7% | 32.7% | 35.2% | 31.4% | 30.3% | 31.1% | 33.3% | 33.4% | 33.1% | 32.8% | 32.3% |
| Operating Margin | 6.7% | 6.7% | 6.3% | 6.3% | 5.2% | 3.0% | 4.2% | 5.3% | 3.0% | 2.3% | -6.1% |
| Net Profit Margin | 6.5% | 6.5% | 2.3% | 2.4% | 4.1% | 0.4% | 2.6% | 5.2% | -2.1% | -0.9% | -9.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.4% | 17.4% | 5.3% | 5.7% | 8.2% | 0.7% | 4.1% | 9.5% | -3.9% | -1.6% | -17.6% |
| ROA | 6.1% | 6.1% | 1.9% | 2.3% | 3.8% | 0.3% | 1.9% | 4.4% | -1.7% | -0.6% | -7.0% |
| ROIC | 10.0% | 10.0% | 6.6% | 8.2% | 6.1% | 2.9% | 4.0% | 5.9% | 3.1% | 2.2% | -5.8% |
| ROCE | 9.4% | 9.4% | 7.8% | 9.2% | 6.7% | 3.2% | 4.3% | 6.1% | 3.2% | 2.3% | -6.4% |
CECO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CECO Environmental Corp. carries a Debt/EBITDA ratio of 0.3x, which is very conservative (90% below the sector average of 3.2x). The company holds a net cash position — cash of $33M exceeds total debt of $25M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 5.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.08 | 0.08 | 0.99 | 0.65 | 0.57 | 0.37 | 0.45 | 0.45 | 0.43 | 0.64 | 0.68 |
| Debt / EBITDA | 0.32 | 0.32 | 5.01 | 3.30 | 3.77 | 3.83 | 3.93 | 3.04 | 3.30 | 4.98 | — |
| Net Debt / Equity | — | -0.03 | 0.84 | 0.42 | 0.36 | 0.22 | 0.26 | 0.26 | 0.18 | 0.48 | 0.43 |
| Net Debt / EBITDA | -0.11 | -0.11 | 4.25 | 2.14 | 2.38 | 2.32 | 2.31 | 1.75 | 1.41 | 3.74 | — |
| Debt / FCF | — | — | 28.43 | 2.78 | 2.97 | 4.27 | 112.88 | 10.96 | 1.72 | 16.28 | 1.21 |
| Interest Coverage | 4.96 | 4.96 | 2.36 | 2.60 | 5.11 | 4.08 | 4.35 | 3.47 | 1.35 | 1.56 | -3.27 |
Net cash position: cash ($33M) exceeds total debt ($25M)
CECO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.34x means CECO Environmental Corp. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.34 | 1.34 | 1.35 | 1.39 | 1.64 | 1.62 | 1.68 | 1.56 | 1.55 | 1.61 | 1.46 |
| Quick Ratio | 1.16 | 1.16 | 1.18 | 1.22 | 1.46 | 1.47 | 1.52 | 1.38 | 1.35 | 1.42 | 1.31 |
| Cash Ratio | 0.11 | 0.11 | 0.15 | 0.27 | 0.31 | 0.26 | 0.35 | 0.32 | 0.42 | 0.28 | 0.31 |
| Asset Turnover | — | 0.87 | 0.73 | 0.91 | 0.84 | 0.78 | 0.74 | 0.82 | 0.86 | 0.79 | 0.84 |
| Inventory Turnover | 9.65 | 9.65 | 8.49 | 10.97 | 11.10 | 13.09 | 12.16 | 11.07 | 10.85 | 11.06 | 13.13 |
| Days Sales Outstanding | — | 81.50 | 150.11 | 120.12 | 133.09 | 142.36 | 125.37 | 110.22 | 89.72 | 107.83 | 106.07 |
CECO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CECO Environmental Corp. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | 1.9% | 2.6% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.6% | 2.3% | 1.2% | 1.8% | 4.3% | 0.6% | 3.3% | 2.7% | — | — | — |
| FCF Yield | — | — | 0.7% | 5.1% | 6.4% | 4.8% | 0.2% | 0.7% | 4.8% | 1.3% | 20.0% |
| Buyback Yield | 0.0% | 0.0% | 0.5% | 0.0% | 1.7% | 2.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.5% | 0.0% | 1.7% | 2.3% | 0.0% | 0.0% | 0.0% | 1.9% | 2.7% |
| Shares Outstanding | — | $37M | $36M | $35M | $35M | $36M | $36M | $35M | $35M | $34M | $34M |
Peer Comparison
Compare CECO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CECOYou | $3B | 63.0 | 40.3 | — | 32.7% | 6.7% | 17.4% | 10.0% | 0.3 |
 CLFD | $419M | -52.2 | 49.3 | 17.0 | 33.7% | 1.4% | -3.0% | 0.6% | 1.1 |
 PESI | $218M | -15.7 | — | — | 9.6% | -19.0% | -24.5% | -21.7% | — |
 CLIR | $258M | -44.6 | — | — | 31.1% | -180.4% | -55.9% | — | — |
 ERII | $613M | 27.6 | 20.3 | 35.2 | 65.2% | 18.2% | 11.0% | 10.3% | 0.3 |
 CDZI | $356M | -8.9 | — | — | 24.0% | -242.0% | -84.2% | -17.5% | — |
 HUBB | $27B | 30.4 | 21.2 | 30.5 | 35.5% | 20.8% | 24.8% | 17.1% | 1.9 |
 EMR | $83B | 36.6 | 18.9 | 31.2 | 52.8% | 19.6% | 9.6% | 8.2% | 2.7 |
 ITT | $19B | 35.5 | 22.4 | 35.4 | 35.4% | 17.4% | 14.2% | 16.1% | 1.1 |
 RXO | $3B | -33.3 | 37.4 | — | 17.7% | -0.1% | -6.3% | -0.2% | 7.9 |
 GE | $320B | 37.5 | 32.8 | 44.0 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
See CECO's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CECO Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CECO vs CLFD
Side-by-side business, growth, and profitability comparison vs Clearfield, Inc..
Start ComparisonCECO — Frequently Asked Questions
Quick answers to the most common questions about buying CECO stock.
What is CECO Environmental Corp.'s P/E ratio?
CECO Environmental Corp.'s current P/E ratio is 63.0x. The historical average is 55.2x. This places it at the 76th percentile of its historical range.
What is CECO Environmental Corp.'s EV/EBITDA?
CECO Environmental Corp.'s current EV/EBITDA is 40.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.8x.
What is CECO Environmental Corp.'s ROE?
CECO Environmental Corp.'s return on equity (ROE) is 17.4%. The historical average is 2.8%.
Is CECO stock overvalued?
Based on historical data, CECO Environmental Corp. is trading at a P/E of 63.0x. This is at the 76th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are CECO Environmental Corp.'s profit margins?
CECO Environmental Corp. has 32.7% gross margin and 6.7% operating margin.
How much debt does CECO Environmental Corp. have?
CECO Environmental Corp.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.