CECO Environmental Corp (CECO)
CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions in the United States, the United Kingdom, the Netherlands, China, and internationally. It operates through Engineered Systems and Industrial Process Solutions segments. The company offers emissions management, fluid bed cyclones, thermal acoustics, and separation and filtration solutions; engineering services and environmental systems; and industrial exhaust air contamination treatment and control systems, solutions, and services, as well as intelligent control solutions. It also provides engineered and configured products and solutions, including dampers and diverters, expansion joints, selective catalytic reduction systems, severe-service and industrial cyclones, dust collectors, thermal oxidizers, filtration systems, wet and dry scrubbers, separators and coalescers, water treatment packages, metallic and non-metallic pumps, industrial silencers, and fluid handling equipment, as well as plant engineering services and engineered design build fabrication services. In addition, the company offers solutions for air pollution and contamination control, fluid handling, and process filtration in various applications, such as aluminum beverage can production, automobile production, food and beverage processing, semiconductor fabrication, electronics production, steel and aluminum mill processing, wood manufacturing, desalination, and aquaculture markets, as well as it provides engineered industrial process heating solutions for process industries. It markets its power generation, hydrocarbon processing, water/wastewater treatment, oily water separation and treatment, marine and naval vessels, and midstream oil and gas sectors. CECO Environmental Corp. was founded in 1869 and is headquartered in Addison, Texas.
- Symbol
- CECO
- Exchange
- Nasdaq
- Sector
- Industrials
- Industry
- Pollution & Treatment Controls
- Market cap
- $4.38B
- 52 week range
- 42.82 - 101.24
Valuation
- Share price
- $74.99 (close of 2026-09-23)
- P/E (TTM)
- -108.68x
- Price to book
- 2.11x
- Price to free cash flow
- -202.92x
- Enterprise value
- $5.09B
- Book value per share
- $35.61
Price performance
| Period | Change |
|---|
| 1 day | +4.84% |
| 5 days | +11.16% |
| 1 month | +4.85% |
| 3 months | -22.43% |
| 6 months | +28.39% |
| Year to date | +25.30% |
| 1 year | +46.95% |
| 3 years | +355.87% |
| 5 years | +975.89% |
| 10 years | +582.97% |
| All time | +2151.95% |
Profitability and growth
- Return on equity
- 15.49%
- Return on invested capital
- 14.36%
- Return on assets
- 5.60%
- Return on capital employed
- 18.01%
- Gross margin
- 34.77%
- Net margin
- 6.46%
- EBITDA margin
- 16.88%
- Revenue growth
- 38.79%
- Net income growth
- 286.29%
- Free cash flow growth
- -173.49%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -0.49%
- Current ratio
- 1.50x
- Net debt to EBITDA
- 34.14x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $774.38M
- Cost of revenue
- $505.15M
- Gross profit
- $269.23M
- EBITDA
- $130.74M
- Net income
- $50.05M
- Earnings per share
- $1.42
- Interest expense
- $20.91M
- Shares outstanding
- 35.33M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $774.38M | $269.23M | $50.05M | $1.42 |
| 2024-12-31 | $557.93M | $196.15M | $12.96M | $0.37 |
| 2023-12-31 | $544.85M | $171.02M | $12.91M | $0.37 |
| 2022-12-31 | $422.63M | $128.22M | $17.42M | $0.50 |
| 2021-12-31 | $324.14M | $100.92M | $1.43M | $0.04 |
| 2020-12-31 | $316.01M | $105.13M | $8.21M | $0.23 |
| 2019-12-31 | $341.87M | $114.10M | $17.71M | $-0.51 |
| 2018-12-31 | $337.34M | $111.54M | $-7.12M | $-0.21 |
| 2017-12-31 | $345.05M | $113.19M | $-3.03M | $-0.09 |
| 2016-12-31 | $417.01M | $134.86M | $-38.22M | $-1.12 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 34.77% | 6.46% | 15.49% | 14.36% |
| 2024-12-31 | 35.16% | 2.32% | 5.14% | 7.00% |
| 2023-12-31 | 31.39% | 2.37% | 5.44% | 8.14% |
| 2022-12-31 | 30.34% | 4.12% | 7.98% | 5.66% |
| 2021-12-31 | 31.14% | 0.44% | 0.69% | 2.78% |
| 2020-12-31 | 33.27% | 2.60% | 4.03% | 3.73% |
| 2019-12-31 | 33.38% | 5.18% | 9.17% | 7.36% |
| 2018-12-31 | 33.06% | -2.11% | -3.99% | 2.25% |
| 2017-12-31 | 32.81% | -0.88% | -1.62% | 1.48% |
| 2016-12-31 | 32.34% | -9.16% | -20.11% | -9.56% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $33.14M | $210.56M |
| 2024-12-31 | $37.83M | $217.23M |
| 2023-12-31 | $54.78M | $126.80M |
| 2022-12-31 | $45.52M | $107.63M |
| 2021-12-31 | $29.90M | $61.58M |
| 2020-12-31 | $35.99M | $69.49M |
| 2019-12-31 | $35.60M | $63.00M |
| 2018-12-31 | $43.68M | $74.46M |
| 2017-12-31 | $29.90M | $103.54M |
| 2016-12-31 | $45.82M | $114.37M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-5.48M | $13.11M |
| 2024-12-31 | $7.46M | $7.51M |
| 2023-12-31 | $36.26M | $4.53M |
| 2022-12-31 | $26.27M | $3.90M |
| 2021-12-31 | $10.68M | $3.33M |
| 2020-12-31 | $476.00K | $1.76M |
| 2019-12-31 | $4.57M | $2.67M |
| 2018-12-31 | $18.86M | $3.19M |
| 2017-12-31 | $5.54M | $1.77M |
| 2016-12-31 | $68.52M | $2.28M |
Dividend history
- Most recent payment
- 2017-09-14
| Payment date | Dividend per share |
|---|
| 2017-09-14 | $0.07 |
| 2017-06-14 | $0.07 |
| 2017-03-15 | $0.07 |
| 2016-12-14 | $0.07 |
| 2016-09-14 | $0.07 |
| 2016-06-15 | $0.07 |
| 2016-03-16 | $0.07 |
| 2015-12-14 | $0.07 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $0.69
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-10 | Jun/2026 | $0.24 |
| 2026-04-28 | - | - |
| 2026-02-24 | - | - |
| 2025-10-28 | - | - |
| 2025-07-29 | - | - |
| 2025-04-29 | - | - |
| 2025-02-25 | - | - |
| 2024-10-29 | - | - |
Filings and sources
- Company website
- cecoenviro.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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