CECO Environmental (CECO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

CECO Environmental

NasdaqGS•Industrials•Pollution & Treatment Controls

$69.42+1.96(0.03%)Pre-market

Market Cap

$3.01B

P/S

3.4x

P/B

1.4x

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.

How this company scores

AverageMetricSide Score: 53/100

Strongest: Balance Sheet & Red Flags (18/25); weakest: Profitability (8/25).

Profitability8/25

Growth14/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality13/25

Strengths

Growing revenueLong cash runwayLow leverageImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 40.3x5y range 16.4x – 113.6x

Currently near its 19-quarter median.

P/S · 3.4x5y range 0.6x – 3.4x

Currently above its 20-quarter median.

P/B · 1.4x5y range 0.9x – 6.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 80.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 1.3x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $3.01B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $882.64M
Q. Revenue: $284.96M
TTM EBITDA: $29.59M
TTM Op. Income: $10.81M
Q. Op. Income: $-33.18M
TTM Net Income: $-17.82M
Q. Net Income: $-34.49M
EPS: $-0.8
Shares Out.: $43.31M

$882.64M in TTM revenue grew 45.1% YoY, reaching $284.96M last quarter. TTM EBITDA of $29.59M and TTM operating income of $10.81M show growth is flowing through to the bottom line. However, net income is negative at $17.82M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 30.3%
EBITDA Margin: -11.6%
Op. Margin: -11.6%
Net Margin: -12.1%

Op. margin of -11.6% is down 46.7% YoY — costs are rising relative to revenue. Net margin at -12.1% and gross margin of 30.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 133% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 3.4x
P/B Ratio: 1.4x

P/S of 3.4x and P/B of 1.4x. Across the last 7 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.73B
Cash: $61.07M
Long-Term Debt: $711.07M
Book Value: $2.08B
D/E Ratio: 0.3
Debt/EBITDA: N/A

With $3.73B in assets and $711.07M in long-term debt, D/E is 0.3and book value is $2.08B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

TTM Free Cash Flow: $10.21M
FCF Margin: 1.2%
FCF / Net Income: -0.6

TTM FCF of $10.21M. The FCF / Net Income ratio of -0.6x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.