CECO Environmental
CECO
71.16
-4.29
-5.69%
CECO Environmental
US · CECO
#2225 by market cap
Listed 1970
71.16
-4.29
-5.69%
Live - 5344 symbols - heartbeat 468s ago
· 2026-10-08 05:41
Pre-market
72.65
+2.09%
After-hours
71.09
-0.10%
- Market cap
- 4.17B
- P/E (TTM)i
- -93.63
- P/Bi
- 2.01
- EPSi
- 1.37
- Div yieldi
- 0.00%
- 52W posi
- 49%
Reader sentiment
Are you bullish or bearish on CECO?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 5.67, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +38.79% YoY
Margins
- Gross margin
- 34.77%
- Operating margin
- 6.68%
- Net margin
- 6.46%
Key ratios & quality
- Enterprise valuei
- 4.35B
- Altman Z-Scorei
- 5.67
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 337.34M | 341.87M | 316.01M | 324.14M | 422.63M | 544.85M | 557.93M | 774.38M |
| Gross profit | 111.54M | 114.10M | 105.13M | 100.92M | 128.23M | 171.02M | 196.15M | 269.23M |
| Selling & admin expenses | 87.46M | 85.98M | 76.93M | 81.80M | 93.47M | 122.94M | 146.70M | 200.73M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 14.39M | 19.62M | 19.40M | 11.34M | 27.94M | 37.08M | 39.62M | 51.71M |
| Pretax profit | 2.50M | 13.34M | 11.84M | 4.67M | 23.69M | 21.53M | 17.69M | 82.85M |
| Tax | 9.62M | -4.36M | 3.67M | 2.69M | 5.43M | 7.02M | 3.27M | 29.74M |
| Net profit | -7.12M | 17.71M | 8.17M | 1.98M | 18.26M | 14.50M | 14.42M | 53.11M |
| Basic EPS | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
| Diluted EPS | -0.21 | 0.50 | 0.23 | 0.04 | 0.50 | 0.37 | 0.36 | 1.37 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 176.70M | 185.39M | 197.60M | 214.69M | 205.92M | 284.96M |
| Gross profit | 62.16M | 67.11M | 64.58M | 75.38M | 63.92M | 86.47M |
| Selling & admin expenses | 53.54M | 48.82M | 47.03M | 51.34M | 46.09M | 63.89M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 5.51M | 18.09M | 10.45M | 17.66M | 12.16M | 12.28M |
| Pretax profit | 55.06M | 14.62M | 2.29M | 10.88M | -3.75M | -44.58M |
| Tax | 18.62M | 4.51M | 483.00K | 6.13M | -3.50M | -10.09M |
| Net profit | 36.44M | 10.11M | 1.81M | 4.75M | -248.00K | -34.49M |
| Basic EPS | 1 | 0 | 0 | 0 | 0 | -1 |
| Diluted EPS | 0.98 | 0.26 | 0.04 | 0.08 | -0.01 | -0.80 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 160.87M | 179.50M | 183.49M | 189.01M | 240.66M | 281.44M | 330.97M | 410.18M |
| Cash & ST investments | 43.68M | 35.60M | 35.99M | 29.90M | 45.52M | 54.78M | 37.83M | 33.14M |
| Inventory | 20.82M | 20.58M | 17.34M | 17.05M | 26.53M | 34.09M | 42.62M | 54.00M |
| Total assets | 392.58M | 408.64M | 419.31M | 416.20M | 504.72M | 600.29M | 759.70M | 893.77M |
| Total current liabilities | 103.89M | 115.19M | 109.36M | 116.69M | 146.70M | 203.11M | 244.66M | 305.83M |
| Short-term debt | 1.70M | 5.11M | 5.40M | 4.62M | 6.81M | 17.27M | 7.61M | 6.52M |
| Long-term debt | 74.46M | 63.00M | 69.49M | 61.58M | 107.63M | 126.80M | 217.23M | 210.56M |
| Total liabilities | 214,022,000.00 | 215,620,000.00 | 215,703,000.00 | 210,240,000.00 | 286,573,000.00 | 362,800,000.00 | 507,806,000.00 | 570,587,000.00 |
| Total equity | 178.56M | 193.02M | 203.61M | 205.96M | 218.15M | 237.49M | 251.89M | 323.18M |
| Retained earnings | -59.43M | -46.34M | -38.14M | -36.72M | -19.30M | -6.39M | 6.57M | 56.62M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 476.10M | 383.00M | 395.48M | 410.18M | 539.23M | 979.63M |
| Cash & ST investments | 146.47M | 36.82M | 32.79M | 33.14M | 45.41M | 61.07M |
| Inventory | 52.92M | 59.79M | 57.71M | 54.00M | 60.18M | 211.39M |
| Total assets | 957.10M | 876.58M | 891.88M | 893.77M | 1.03B | 3.73B |
| Total current liabilities | 278.75M | 285.04M | 298.29M | 305.83M | 405.79M | 652.29M |
| Short-term debt | 6.35M | 8.09M | 5.69M | 6.52M | 10.36M | 25.75M |
| Long-term debt | 338.04M | 236.88M | 218.98M | 210.56M | 247.91M | 711.07M |
| Total liabilities | 667,044,000.00 | 573,363,000.00 | 578,317,000.00 | 570,587,000.00 | 710,175,000.00 | 1,652,433,000.00 |
| Total equity | 290.05M | 303.22M | 313.57M | 323.18M | 317.20M | 2.08B |
| Retained earnings | 42.55M | 52.06M | 53.56M | 56.62M | 56.22M | 21.46M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 21.95M | 10.23M | 4.42M | 13.30M | 29.65M | 44.65M | 24.83M | 5.86M |
| Depreciation & amortization | 13.27M | 10.61M | 9.92M | 9.85M | 10.61M | 12.51M | 14.52M | 24.88M |
| Free cash flow | 18.86M | 4.57M | 476.00K | 10.68M | 26.27M | 36.26M | 7.46M | -5.48M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | 0 | 0 | -5.01M | -7.02M | 0 | -5.00M | 0 |
| Ending cash balance | 44.44M | 36.96M | 37.81M | 32.00M | 46.59M | 55.45M | 38.20M | 33.23M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -11.70M | -7.67M | 15.26M | 9.96M | -13.10M | -19.33M |
| Depreciation & amortization | 5.12M | 5.04M | 8.57M | 6.16M | 6.10M | 12.02M |
| Free cash flow | -15.08M | -8.71M | 11.02M | 7.29M | -15.69M | -24.22M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 0 | -- | -- |
| Ending cash balance | 146.68M | 36.91M | 32.87M | 33.23M | 45.51M | 63.85M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -3.90 | 9.53 | 4.15 | 0.70 | 8.34 | 5.79 | 5.40 | 17.71 |
| ROA %i | -1.71 | 4.42 | 1.98 | 0.34 | 3.78 | 2.34 | 1.91 | 6.05 |
| ROIC %i | -0.68 | 8.10 | 3.82 | 1.26 | 7.02 | 6.06 | 5.35 | 12.08 |
| 5-year avg ROE %i | -3.71 | -3.29 | -1.93 | 1.77 | 3.76 | 5.70 | 4.88 | 7.59 |
| EBIT margin %i | 2.86 | 5.48 | 4.87 | 2.35 | 6.89 | 6.41 | 5.50 | 13.40 |
| FCF / sales %i | 5.59 | 1.34 | 0.15 | 3.30 | 6.22 | 6.66 | 1.34 | -- |
| Current ratioi | 1.55 | 1.56 | 1.68 | 1.62 | 1.64 | 1.39 | 1.35 | 1.34 |
| Quick ratioi | 1.22 | 1.21 | 1.32 | 1.34 | 1.36 | 1.15 | 1.09 | 1.05 |
| Debt / assetsi | 19.40 | 19.39 | 20.08 | 18.01 | 24.35 | 25.90 | 32.26 | 26.86 |
| LT debt / equityi | 41.70 | 38.40 | 38.88 | 34.39 | 54.44 | 59.41 | 95.87 | 73.54 |
| Interest coveragei | 1.35 | 3.47 | 4.35 | 2.58 | 5.37 | 2.60 | 2.36 | 4.96 |
| Revenue CAGR (3Y) %i | -2.81 | -6.41 | -2.89 | -1.32 | 7.32 | 19.91 | 19.84 | 22.37 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -0.55 | 16.28 | 108.67 | 42.17 |
| FCF CAGR (3Y) %i | 16.68 | -59.44 | -55.88 | -17.27 | 79.12 | 323.92 | -11.28 | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 18.34 | 19.67 | 18.85 | 17.71 | 4.57 | -2.58 |
| ROA %i | 6.14 | 7.11 | 6.85 | 6.05 | 1.38 | -1.33 |
| ROIC %i | 11.32 | 13.65 | 13.69 | 12.08 | 4.28 | -0.71 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 14.11 | 14.74 | 13.55 | 13.40 | 5.35 | -1.33 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.71 | 1.34 | 1.33 | 1.34 | 1.33 | 1.50 |
| Quick ratioi | 1.37 | 1.02 | 1.01 | 1.05 | 1.05 | 1.01 |
| Debt / assetsi | 38.02 | 30.20 | 27.80 | 26.86 | 27.39 | 20.67 |
| LT debt / equityi | 125.09 | 86.01 | 78.35 | 73.54 | 86.81 | 35.94 |
| Interest coveragei | 5.42 | 5.54 | 4.90 | 4.96 | 2.27 | -0.52 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Engineered Systems is the largest reported line at 60.95% of revenue, across 3 reported segments.
- Industrial Process Solutions follows at 21.65%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Engineered Systems60.95%
Industrial Process Solutions21.65%
Thermal Solutions17.41%
Quote time 2026-10-08 05:41:27 · For reference only, not investment advice and not tailored to your situation.