CECO Environmental/$CECO
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Capital at risk
About CECO Environmental
CECO Environmental Corp is an industrial company, serving industrial air, industrial water, and energy transition markets. It offers various engineered and configured products and solutions, including dampers and diverters, selective catalytic reduction systems, severe-service and industrial cyclones, dust collectors, thermal oxidizers, filtration systems, wet and dry scrubbers, water treatment packages, industrial silencers, etc. These products are offered through brands like Western Airducts, WK, Wakefield Acoustics, Transcend, Verantis, and others. The company's reportable segments are: Engineered Systems, which derive maximum revenue, and Industrial Process Solutions. Geographically, it derives key revenue from the U.S., followed by the Netherlands, the UK, China, and other markets.
- Ticker
- $CECO
- Sector
- Industrials
- Primary listing
- NASDAQ
- Employees
- 1,540
- Headquarters
- Addison, United States
- Website
- www.cecoenviro.com
CECO Metrics
BasicAdvanced
$4.3B
-
-$0.82
1.51
-
Price and volume
Market cap
$4.3B
Beta
1.51
52-week high
$101.24
52-week low
$42.82
Average daily volume
715K
Financial strength
Current ratio
1.502
Quick ratio
1.011
Long term debt to equity
0.358
Total debt to equity
0.366
Interest coverage (TTM)
2.44%
Profitability
EBITDA (TTM)
89.287
Gross margin (TTM)
32.15%
Net profit margin (TTM)
-3.39%
Operating margin (TTM)
6.25%
Effective tax rate (TTM)
19.85%
Revenue per employee (TTM)
$590,000
Management effectiveness
Return on assets (TTM)
1.53%
Return on equity (TTM)
-2.36%
Valuation
Price to revenue (TTM)
3.053
Price to book
2.07
Price to tangible book (TTM)
-9.89
Price to free cash flow (TTM)
-127.655
Free cash flow yield (TTM)
-0.78%
Free cash flow per share (TTM)
-0.576
Growth
Revenue change (TTM)
37.64%
Earnings per share change (TTM)
-157.01%
3-year revenue growth (CAGR)
24.63%
10-year revenue growth (CAGR)
8.09%
3-year earnings per share growth (CAGR)
21.07%
10-year earnings per share growth (CAGR)
42.82%
What the Analysts think about CECO
Analyst ratings (Buy, Hold, Sell) for CECO Environmental stock.
Analyst projections of the future price of CECO Environmental stock.
Bulls say / Bears say
Demand visibility has improved sharply. Q2 orders rose 191% year on year to $798.5 million, lifting backlog 164% to $1.82 billion and taking trailing book-to-bill above two. (CECO Environmental Corp 10-Q, The Motley Fool)
Management raised its 2026 outlook after the strong first half. It now expects revenue of $1.30 billion to $1.375 billion and adjusted EBITDA of $200 million to $225 million, with mid-teens margins and at least 55% adjusted free-cash-flow conversion targeted. (StockTitan, CECO Environmental Corp 10-Q)
Thermon gives CECO a broader industrial technology portfolio and access to additional end markets, including process heating and data-centre opportunities. Early cost synergies were ahead of the pre-deal plan, which could improve the combined company’s earnings power if cross-selling and integration continue smoothly. (The Motley Fool, CECO Environmental Corp 10-Q)
CECO’s Q2 revenue grew strongly, but it still reported a $34.8 million GAAP net loss. Acquisition and integration costs, amortisation and inventory fair-value adjustments overwhelmed the operating gains, so the headline growth has not yet translated into statutory profitability. (CECO Environmental Corp 10-Q, StockTitan)
The Thermon deal materially increased financial risk. CECO’s debt rose to roughly $728 million and leverage reached 2.7 times trailing bank EBITDA, while management still has to integrate the enlarged business and deliver the promised synergies. (The Motley Fool, StockTitan)
The shares leave limited room for disappointment. Recent valuation commentary put CECO at about 5.1 times sales, well above roughly 2 times for the wider US machinery group, so any slowdown in backlog conversion or margin improvement could trigger a sharp re-rating. (Simply Wall St)
Data summarised monthly by Lightyear AI. Last updated on 19 Sept 2026.
CECO Financial Performance
Revenues and expenses
CECO Earnings Performance
Company profitability
Upcoming events
No upcoming events
CECO News
AllArticlesVideos
Funds containing CECO
AllEURGBPUSD
Fund name | Fund size | $CECO weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.13% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.05% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.05% |
iShares MSCI World Small Cap$WSML | $9B | 0.04% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.04% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

