CECO Environmental Corp.
NASDAQ•CECO
CEO: Mr. Todd R. Gleason
Sector: Industrials
Industry: Industrial - Pollution & Treatment Controls
Listing Date: 1980-12-02
CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions. It offers 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 industrial engineered noise control solutions, including custom acoustical gen-set packages, ambient air baffles, acoustical louvres, and skid enclosures; process filtration solutions for hydrocarbon and chemical processing; and energy and water conservation systems and equipment. The company markets its products and services to natural gas processors, transmission and distribution companies, refineries, power generators, industrial manufacturing, engineering and construction companies, semiconductor manufacturers, compressor manufacturers, beverage can manufacturers, metals and minerals, and electric vehicle producers. CECO Environmental Corp. was founded in 1869 and is headquartered in Dallas, Texas.
Contact Information
14651 North Dallas Parkway, Suite 500, Dallas, TX, 75254, United States
214-357-6181
Market Cap
$1.83B
P/E (TTM)
36.6
24.6
Dividend Yield
--
52W High
$81.72
52W Low
$17.57
52W Range
Rank58Top 85.6%
2.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$214.69M+0.00%
4-Quarter Trend
EPS
$0.09+0.00%
4-Quarter Trend
FCF
$7.29M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Strong Net Sales Growth Net sales reached $774.4M USD, increasing $216.5M or 38.8% driven by acquisitions in 2025.
Net Income Attributable Jumps Net income attributable to CECO was $50.1M USD, a substantial increase from $13.0M reported in 2024.
Backlog Shows Future Strength Backlog grew 46.6% to $793.1M USD by year-end 2025, indicating robust future performance visibility.
GPS Divestiture Completed Finalized sale of Global Pump Solutions business, recognizing pre-tax gain of $63.7M USD in 2025.
Risk Factors
Internal Control Material Weaknesses Adverse opinion issued on ICFR effectiveness due to material weaknesses in Verantis integration and reconciliations.
Gross Margin Slightly Declines Gross profit margin decreased to 34.8% USD in 2025 from 35.1% due to subcontractor/material costs.
Thermon Merger Integration Risk Success depends on integrating Thermon assets; potential disruption, unknown liabilities, and integration costs exist.
Debt Levels and Interest Expense Total debt less current portion was $210.6M USD; interest expense increased 60.8% due to higher debt balance.
Outlook
Closing Thermon Merger Expected Expect to close Thermon acquisition in 2026, funding cash portion with existing credit facilities and cash.
Grow Recurring Revenue Base Targeting higher share of recurring revenue from aftermarket products and value-added services for resiliency.
Capital Focus on Portfolio Mix Capital allocation strategy focuses on organic growth, advancing water treatment, and shifting portfolio to recurring revenue.
Driven by Environmental Trends Demand driven by global focus on environment, stringent regulations, and increased capital spending on electrification.
Peer Comparison
Revenue (TTM)
$8.50B
$6.81B
$4.48B
Gross Margin (Latest Quarter)
58.6%
55.1%
41.9%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| KMT | $2.91B | 26.7 | 8.6% | 24.8% |
| VVX | $2.28B | 29.6 | 7.3% | 34.5% |
| HLIO | $2.17B | 44.8 | 5.3% | 7.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.7%
Steady Growth
4Q Net Income CAGR
-56.0%
Declining Profitability
Cash Flow Stability
50%
Cash Flow Needs Attention
Deep Research
Next earnings:Apr 27, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data