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Makes industrial air-quality, pollution-control and fluid-handling equipment for energy, industrial and environmental compliance customers.
Makes industrial air-quality, pollution-control and fluid-handling equipment for energy, industrial and environmental compliance customers.
Sells engineered equipment on a project basis, so earnings follow its order backlog and plant construction, with replacement parts, filters and servicing for the installed base smoothing the swings. Acquisitions over the past decade built the fluid-handling line beside air-pollution control.
Moat: narrow (process know-how, installed base). Engineered-to-order systems and long plant relationships create switching costs versus generic suppliers.
Headquarters: Dallas, Texas, United States · Founded: 1966 · Employees: 1,540
Size CECO Environmental (CECO) is a United States Industrials company (Industrial Machinery) with a market value of $2.56B, the 1641st largest of 3,117 United States companies the cockpit tracks. Shares closed at $43.71 on 6 Nov 2026.
Performance Over six months the shares fell 46.5%, against -21.5% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 37.6% over the last twelve months (peer median +13.2%); the operating margin is 5.8% (peer median 8.4%).
Valuation It trades at 16.5× forward earnings against a peer median of 24.2× (4th cheapest of 17).
Capital Return on invested capital runs 9.8 points below its cost of capital (11.2% WACC).
Short interest Short interest is 3.0% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $903M | $774M | $558M | $545M | $423M |
| Revenue growth | — | +39% | +2% | +29% | — |
| Gross profit | $268M | $253M | $187M | $163M | $121M |
| EBITDA | $85.4M | $79.2M | $54.9M | $52.4M | $38.6M |
| Net income | -$30.6M | $50.1M | $13.0M | $12.9M | $17.4M |
| Free cash flow | -$21.6M | -$5.48M | $7.46M | $36.3M | $26.3M |
| Capital expenditure | $14.4M | $11.3M | $17.4M | $8.38M | $3.38M |
| Total debt | $772M | $240M | $250M | $155M | $123M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CECO Environmental CECO | $2.56B | -47% | +38% | 6% | 16.5× | n/a |
| Donaldson DCI | $9.77B | -2% | +5% | 16% | 19.5× | 8.3% |
| Babcock & Wilcox Enterprises BW | $484M | -78% | +40% | 4% | 12.2× | n/a |
| Pentair PNR | $10.9B | -11% | -4% | 22% | 13.2× | 7.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CECO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -33.3% | -8.0% | 4th lowest of 21 |
| 6-month return | -46.5% | -21.5% | 2nd lowest of 21 |
| Distance from 52-week high | -56.8% | -40.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +37.6% | +13.2% | 4th highest of 21 |
| Operating margin | 5.8% | 8.4% | 7th lowest of 21 |
| Forward P/E | 16.5× | 24.2× | 4th cheapest of 17 |
| ROIC minus cost of capital | -9.8 pp | +0.1 pp | 4th lowest of 21 |
| EV / EBITDA | 38.3× | 14.5× | 2nd most expensive of 12 |
| Net debt / EBITDA | 8.3× | -0.0× | most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CECO Environmental CECO | United States | $2.56B | -47% | +38% | 6% | 16.5× | n/a | n/a |
| China Baoan 000009.SZ | China | $2.56B | -23% | +26% | 7% | n/a | n/a | n/a |
| Jungheinrich AG Pref JUN3.DE | Germany | $2.58B | -12% | +2% | 5% | 10.3× | -0.4% | +7.6% |
| Dmg Mori 6141.T | Japan | $2.53B | -13% | +20% | 4% | 23.5× | 12.9% | +9.4% |
| All Ring Tech 6187.TWO | Taiwan | $2.52B | -36% | +1% | 29% | 25.0× | 26.4% | +28.9% |
| Harmonic Drive Systems 6324.T | Japan | $2.60B | -18% | +12% | 7% | 62.4× | n/a | n/a |
| Guangdong Dongfang Precision Science & Technology 002611.SZ | China | $2.50B | -19% | -16% | 8% | 20.2× | 17.8% | +12.4% |
| Shanghai Zhenhua Heavy Industries 600320.SS | China | $2.64B | -21% | +6% | 5% | 20.4× | -4.9% | +9.7% |
| Dongguan Yiheda Automation 301029.SZ | China | $2.65B | -2% | +31% | 18% | 27.1× | 21.6% | +19.5% |
| Guangzhou Haozhi Industrial 300503.SZ | China | $2.70B | -8% | +55% | 20% | n/a | n/a | n/a |
| Timken India TIMKEN.NS | India | $2.43B | -12% | +19% | 16% | 46.1× | 36.2% | +19.8% |
| Japan Steel Works 5631.T | Japan | $2.41B | -46% | -1% | 10% | 17.0× | n/a | n/a |
| Doosan Robotics 454910.KS | South Korea | $2.41B | -54% | +97% | -91% | n/a | n/a | n/a |
| Munters MTRS.ST | Sweden | $2.40B | -34% | 0% | 9% | 26.2× | 12.4% | +16.0% |
| Beijing Jingyi Automation Equipment 688652.SS | China | $2.73B | -10% | +34% | 9% | 77.6× | 49.0% | +32.4% |
| Wonik IPS 240810.KS | South Korea | $2.39B | -43% | +9% | 8% | 14.7× | 29.4% | -3.6% |
| Amber Enterprises India AMBER.NS | India | $2.39B | -28% | +15% | 5% | 59.6× | n/a | n/a |
| Yantai Eddie Precision Machinery 603638.SS | China | $2.38B | -22% | +35% | 16% | 28.8× | 15.1% | +7.3% |
| ROBOTIS 108490.KS | South Korea | $2.37B | -30% | +52% | -16% | n/a | n/a | n/a |
| Nabtesco 6268.T | Japan | $2.77B | -28% | -8% | 9% | 17.6× | 7.8% | +2.0% |
| Organo 6368.T | Japan | $2.36B | -14% | +10% | 19% | 12.1× | 12.8% | +12.0% |