Symbols / CECO Stock $78.17 +5.21% CECO Environmental Corp.

Industrials • Pollution & Treatment Controls • United States • NMS
CECO (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Pollution & Treatment Controls
CEO Mr. Todd R. Gleason
Exch · Country NMS · United States
Market Cap 2.80B
Enterprise Value 3.04B
Income 13.67M
Sales 803.60M
FCF (ttm) 16.21M
Book/sh 8.71
Cash/sh 1.27
Employees 1,540
Insider 10d —
IPO Dec 02, 1980
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 205.71
Forward P/E 34.77
PEG 1.88
P/S 3.49
P/B 8.97
P/C —
EV/EBITDA 35.15
EV/Sales 3.78
Quick Ratio 1.05
Current Ratio 1.33
Debt/Eq 87.12
LT Debt/Eq —
EPS (ttm) 0.38
EPS next Y 2.25
EPS Growth —
Revenue Growth 16.50%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-28
Earnings (prior) 2026-04-28
ROA 3.81%
ROE 5.41%
ROIC —
Gross Margin 33.72%
Oper. Margin 5.90%
Profit Margin 1.70%
Shs Outstand 35.87M
Shs Float 30.13M
Insider Own 17.32%
Instit Own 83.14%
Short Float 11.78%
Short Ratio 6.38
Short Interest 3.47M
52W High 81.72
vs 52W High -4.34%
52W Low 24.71
vs 52W Low 216.35%
Beta 1.52
Impl. Vol. 55.24%
Rel Volume 2.58
Avg Volume 686.62K
Volume 1.77M
Target (mean) $93.00
Tgt Median $90.00
Tgt Low $85.00
Tgt High $103.00
# Analysts 6
Recom Strong_buy
Prev Close $74.30
Price $78.17
Change 5.21%
About

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. 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$93.00
Mean price target
2. Current target
$78.17
Latest analyst target
3. DCF / Fair value
$8.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$78.17
Low
$85.00
High
$103.00
Mean
$93.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-29 main Needham Buy → Buy $90
2026-03-26 reit Needham Buy → Buy $80
2026-02-25 main Roth Capital Buy → Buy $68
2026-02-25 main HC Wainwright & Co. Buy → Buy $90
2026-02-25 main Needham Buy → Buy $80
2026-01-16 main Needham Buy → Buy $75
2025-12-24 main Northland Capital Markets Outperform → Outperform $73
2025-12-16 main Needham Buy → Buy $70
2025-10-29 main Needham Buy → Buy $57
2025-08-21 main Needham Buy → Buy $52
2025-07-30 main HC Wainwright & Co. Buy → Buy $55
2025-07-29 main Needham Buy → Buy $44
2025-04-30 main Needham Buy → Buy $34
2025-04-30 up HC Wainwright & Co. Neutral → Buy $33
2025-02-26 reit HC Wainwright & Co. Neutral → Neutral —
2025-02-26 reit Needham Buy → Buy $33
2025-01-17 down HC Wainwright & Co. Buy → Neutral —
2025-01-06 main Craig-Hallum Buy → Buy $40
2024-12-20 main Northland Capital Markets Outperform → Outperform $38
2024-10-30 main Needham Buy → Buy $33
News
RSS: Latest CECO news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-29 WALLMAN RICHARD F. Director — 15,000 $73.25 $1,101,490
2026-03-16 JOHANSSON PETER K. Chief Financial Officer — 20,027 $0.00 $0
2026-03-16 KOVACHEV KIRIL Officer — 1,753 $0.00 $0
2026-03-16 GREGORY ALYSON NOEL General Counsel — 3,155 $0.00 $0
2026-03-13 GLEASON TODD R Chief Executive Officer — 75,055 $0.00 $0
2026-01-15 GREGORY ALYSON NOEL General Counsel — 8,465 $0.00 $0
2025-09-22 GLEASON TODD R Chief Executive Officer — 300,000 $49.10 $15,104,936
2025-09-22 GLEASON TODD R Chief Executive Officer — 300,000 $12.72 $3,816,000
2025-09-05 WALLMAN RICHARD F. Director — 3,000 $46.93 $140,800
2025-08-29 WALLMAN RICHARD F. Director — 4,500 $44.25 $199,125
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
774.38
+38.79%
557.93
+2.40%
544.85
+28.92%
422.63
Operating Revenue
774.38
+38.79%
557.93
+2.40%
544.85
+28.92%
422.63
Cost Of Revenue
505.15
+39.63%
361.79
-3.22%
373.83
+26.98%
294.40
Reconciled Cost Of Revenue
496.44
+39.45%
355.99
-3.47%
368.77
+26.90%
290.60
Gross Profit
269.23
+37.26%
196.15
+14.70%
171.02
+33.37%
128.22
Operating Expense
217.51
+38.96%
156.53
+16.87%
133.94
+33.56%
100.28
Selling General And Administration
200.73
+36.83%
146.70
+19.32%
122.94
+31.53%
93.47
Other Operating Expenses
0.62
-44.23%
1.11
-68.72%
3.55
—
Total Expenses
722.67
+39.43%
518.32
+2.08%
507.77
+28.65%
394.68
Operating Income
51.71
+30.54%
39.62
+6.85%
37.08
+32.69%
27.94
Total Operating Income As Reported
105.86
+199.01%
35.40
+2.41%
34.57
+55.99%
22.16
EBITDA
128.64
+184.39%
45.23
-4.67%
47.45
+19.45%
39.72
Normalized EBITDA
74.49
+50.65%
49.45
-1.02%
49.96
+9.78%
45.50
Reconciled Depreciation
24.88
+71.33%
14.52
+16.12%
12.51
+17.83%
10.61
EBIT
103.76
+237.85%
30.71
-12.11%
34.94
+20.04%
29.11
Total Unusual Items
54.15
+1385.21%
-4.21
-67.98%
-2.51
+56.62%
-5.78
Total Unusual Items Excluding Goodwill
54.15
+1385.21%
-4.21
-67.98%
-2.51
+56.62%
-5.78
Special Income Charges
54.15
+1385.21%
-4.21
-67.98%
-2.51
+56.62%
-5.78
Other Special Charges
—
0.23
-84.64%
1.47
+26.18%
1.16
Impairment Of Capital Assets
—
—
—
0.00
Restructuring And Mergern Acquisition
9.55
+126.80%
4.21
+67.98%
2.51
-56.62%
5.78
Net Income
50.05
+286.29%
12.96
+0.36%
12.91
-25.87%
17.42
Pretax Income
82.84
+368.29%
17.69
-17.81%
21.52
-9.14%
23.69
Net Non Operating Interest Income Expense
-20.91
-60.62%
-13.02
+2.95%
-13.42
-147.57%
-5.42
Interest Expense Non Operating
20.91
+60.62%
13.02
-2.95%
13.42
+147.57%
5.42
Net Interest Income
-20.91
-60.62%
-13.02
+2.95%
-13.42
-147.57%
-5.42
Interest Expense
20.91
+60.62%
13.02
-2.95%
13.42
+147.57%
5.42
Other Income Expense
52.05
+684.45%
-8.90
-316.90%
-2.14
-283.35%
1.17
Other Non Operating Income Expenses
-2.10
+55.22%
-4.69
-1361.29%
0.37
-94.65%
6.95
Gain On Sale Of Business
63.70
0.00
0.00
—
Tax Provision
29.74
+809.42%
3.27
-53.45%
7.02
+29.45%
5.43
Tax Rate For Calcs
0.00
+94.00%
0.00
-43.31%
0.00
+42.47%
0.00
Tax Effect Of Unusual Items
19.43
+2593.31%
-0.78
+4.77%
-0.82
+38.20%
-1.32
Net Income Including Noncontrolling Interests
53.11
+268.26%
14.42
-0.55%
14.50
-20.60%
18.26
Net Income From Continuing Operation Net Minority Interest
50.05
+286.29%
12.96
+0.36%
12.91
-25.87%
17.42
Net Income From Continuing And Discontinued Operation
50.05
+286.29%
12.96
+0.36%
12.91
-25.87%
17.42
Net Income Continuous Operations
53.11
+268.26%
14.42
-0.55%
14.50
-20.60%
18.26
Minority Interests
-3.06
-108.74%
-1.46
+7.92%
-1.59
-87.94%
-0.85
Normalized Income
15.34
-6.42%
16.39
+12.26%
14.60
-33.25%
21.87
Net Income Common Stockholders
50.05
+286.29%
12.96
+0.36%
12.91
-25.87%
17.42
Diluted EPS
1.37
+280.56%
0.36
-2.70%
0.37
-26.00%
0.50
Basic EPS
1.42
+283.78%
0.37
+0.00%
0.37
-26.00%
0.50
Basic Average Shares
35.33
+1.16%
34.93
+0.76%
34.67
-0.02%
34.67
Diluted Average Shares
36.60
+0.61%
36.38
+2.97%
35.33
+0.94%
35.01
Diluted NI Availto Com Stockholders
50.05
+286.29%
12.96
+0.36%
12.91
-25.87%
17.42
Amortization
16.17
+85.33%
8.72
+17.15%
7.45
+9.36%
6.81
Amortization Of Intangibles Income Statement
16.17
+85.33%
8.72
+17.15%
7.45
+9.36%
6.81
Depreciation Amortization Depletion Income Statement
16.17
+85.33%
8.72
+17.15%
7.45
+9.36%
6.81
Depreciation And Amortization In Income Statement
16.17
+85.33%
8.72
+17.15%
7.45
+9.36%
6.81
Gain On Sale Of PPE
—
—
—
—
Line Item Trend 2023-12-31
Total Assets
600.29
Current Assets
281.44
Cash Cash Equivalents And Short Term Investments
54.78
Cash And Cash Equivalents
54.78
Receivables
179.31
Accounts Receivable
115.99
Gross Accounts Receivable
115.99
Receivables Adjustments Allowances
-6.46
Other Receivables
69.77
Inventory
34.09
Raw Materials
25.82
Work In Process
9.71
Finished Goods
2.37
Prepaid Assets
0.82
Restricted Cash
0.67
Assets Held For Sale Current
—
Other Current Assets
11.77
Total Non Current Assets
318.85
Net PPE
42.49
Gross PPE
61.90
Accumulated Depreciation
-19.41
Properties
12.28
Buildings And Improvements
—
Machinery Furniture Equipment
33.36
Construction In Progress
—
Other Properties
16.26
Goodwill And Other Intangible Assets
271.36
Goodwill
211.33
Other Intangible Assets
60.03
Non Current Deferred Assets
0.30
Non Current Deferred Taxes Assets
0.30
Other Non Current Assets
4.70
Total Liabilities Net Minority Interest
362.80
Current Liabilities
203.11
Payables And Accrued Expenses
109.79
Payables
88.92
Accounts Payable
87.69
Current Accrued Expenses
20.87
Pensionand Other Post Retirement Benefit Plans Current
11.28
Total Tax Payable
1.23
Income Tax Payable
1.23
Current Debt And Capital Lease Obligation
17.27
Current Debt
12.99
Other Current Borrowings
10.49
Current Capital Lease Obligation
4.28
Current Deferred Liabilities
64.77
Current Deferred Revenue
64.77
Total Non Current Liabilities Net Minority Interest
159.69
Long Term Debt And Capital Lease Obligation
138.21
Long Term Debt
126.80
Long Term Capital Lease Obligation
11.42
Non Current Deferred Liabilities
8.84
Non Current Deferred Taxes Liabilities
8.84
Other Non Current Liabilities
12.64
Stockholders Equity
232.64
Common Stock Equity
232.64
Capital Stock
0.35
Common Stock
0.35
Preferred Stock
0.00
Share Issued
34.84
Ordinary Shares Number
34.84
Treasury Shares Number
0.00
Additional Paid In Capital
254.96
Retained Earnings
-6.39
Gains Losses Not Affecting Retained Earnings
-16.27
Treasury Stock
—
Minority Interest
4.85
Other Equity Adjustments
-16.27
Total Equity Gross Minority Interest
237.49
Total Capitalization
359.44
Working Capital
78.33
Invested Capital
372.43
Total Debt
155.48
Net Debt
85.00
Capital Lease Obligations
15.70
Net Tangible Assets
-38.71
Tangible Book Value
-38.71
Current Notes Payable
2.50
Inventories Adjustments Allowances
-3.81
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
5.86
-76.39%
24.83
-44.39%
44.65
+50.59%
29.65
Cash Flow From Continuing Operating Activities
5.86
-76.39%
24.83
-44.39%
44.65
+50.59%
29.65
Net Income From Continuing Operations
53.11
+268.26%
14.42
-0.55%
14.50
-20.60%
18.26
Depreciation Amortization Depletion
24.88
+71.33%
14.52
+16.12%
12.51
+17.83%
10.61
Depreciation And Amortization
24.88
+71.33%
14.52
+16.12%
12.51
+17.83%
10.61
Other Non Cash Items
-6.57
-1139.40%
0.63
-12.59%
0.72
+183.58%
-0.86
Stock Based Compensation
13.11
+74.41%
7.51
+65.76%
4.53
+16.38%
3.90
Provisionand Write Offof Assets
-1.34
-199.33%
1.35
-49.81%
2.69
+81.89%
1.48
Asset Impairment Charge
—
0.29
-81.48%
1.59
0.00
Deferred Tax
6.31
+275.04%
-3.61
-2955.93%
-0.12
-202.56%
-0.04
Deferred Income Tax
6.31
+275.04%
-3.61
-2955.93%
-0.12
-202.56%
-0.04
Operating Gains Losses
-63.59
-2327.46%
2.85
+406.66%
-0.93
+26.92%
-1.27
Net Foreign Currency Exchange Gain Loss
-2.06
-177.21%
2.66
+355.91%
-1.04
+18.93%
-1.28
Gain Loss On Sale Of PPE
0.06
-68.59%
0.19
+73.64%
0.11
+1000.00%
0.01
Change In Working Capital
-20.04
-55.81%
-12.86
-219.76%
10.74
+542.89%
-2.42
Change In Receivables
-51.60
+8.67%
-56.50
-159.06%
-21.81
+7.59%
-23.60
Changes In Account Receivables
-6.77
+87.07%
-52.35
-94.98%
-26.85
-297.73%
-6.75
Change In Inventory
-3.18
+67.64%
-9.81
-42.31%
-6.90
-14.49%
-6.02
Change In Prepaid Assets
-16.83
-101.64%
-8.35
-797.91%
1.20
+3132.43%
0.04
Change In Payables And Accrued Expense
22.98
-48.62%
44.73
+121.24%
20.22
-15.63%
23.96
Change In Accrued Expense
13.76
+93.30%
7.12
-14.64%
8.34
+209.69%
2.69
Change In Payable
9.22
-75.48%
37.61
+216.66%
11.88
-44.16%
21.27
Change In Account Payable
7.21
-80.06%
36.18
+161.20%
13.85
-30.19%
19.84
Change In Other Working Capital
37.82
+210.36%
12.19
-39.53%
20.16
+192.82%
6.88
Change In Other Current Liabilities
-9.23
-288.78%
4.89
+330.71%
-2.12
+42.39%
-3.68
Investing Cash Flow
-1.08
+98.98%
-105.31
-86.44%
-56.49
-17.05%
-48.26
Cash Flow From Continuing Investing Activities
-1.08
+98.98%
-105.31
-86.44%
-56.49
-17.05%
-48.26
Net PPE Purchase And Sale
-11.34
+34.69%
-17.37
-107.16%
-8.38
-148.34%
-3.38
Purchase Of PPE
-11.34
+34.69%
-17.37
-107.16%
-8.38
-148.34%
-3.38
Capital Expenditure
-11.34
+34.69%
-17.37
-107.16%
-8.38
-148.34%
-3.38
Net Business Purchase And Sale
10.19
+111.59%
-87.95
-82.84%
-48.10
-7.13%
-44.90
Purchase Of Business
-97.61
-10.99%
-87.95
-82.84%
-48.10
-7.13%
-44.90
Gain Loss On Sale Of Business
-61.60
0.00
0.00
—
Net Other Investing Changes
0.07
+1750.00%
0.00
—
0.02
Financing Cash Flow
-11.56
-117.54%
65.91
+211.72%
21.14
-44.61%
38.18
Cash Flow From Continuing Financing Activities
-11.56
-117.54%
65.91
+211.72%
21.14
-44.61%
38.18
Net Issuance Payments Of Debt
-8.04
-109.80%
81.99
+226.56%
25.11
-45.51%
46.08
Issuance Of Debt
233.30
-24.57%
309.30
+70.32%
181.60
+110.67%
86.20
Repayment Of Debt
-241.34
-6.17%
-227.31
-45.25%
-156.49
-290.06%
-40.12
Long Term Debt Issuance
233.30
-24.57%
309.30
+70.32%
181.60
+110.67%
86.20
Long Term Debt Payments
-241.34
-6.17%
-227.31
-45.25%
-156.49
-294.98%
-39.62
Net Long Term Debt Issuance
-8.04
-109.80%
81.99
+226.56%
25.11
-46.10%
46.58
Short Term Debt Issuance
—
—
106.60
+41.76%
75.20
Short Term Debt Payments
—
0.00
0.00
+100.00%
-0.50
Net Short Term Debt Issuance
—
0.00
0.00
+100.00%
-0.50
Net Common Stock Issuance
0.00
+100.00%
-5.00
0.00
+100.00%
-7.02
Common Stock Payments
0.00
+100.00%
-5.00
0.00
+100.00%
-7.02
Repurchase Of Capital Stock
0.00
+100.00%
-5.00
0.00
+100.00%
-7.02
Proceeds From Stock Option Exercised
0.87
+140.20%
-2.17
-251.15%
1.44
+113.86%
0.67
Net Other Financing Charges
-4.39
+50.72%
-8.91
-65.10%
-5.40
-247.20%
-1.55
Changes In Cash
-6.77
+53.53%
-14.57
-256.63%
9.30
-52.45%
19.57
Effect Of Exchange Rate Changes
1.80
+167.27%
-2.67
-504.75%
-0.44
+91.12%
-4.98
Beginning Cash Position
38.20
-31.10%
55.45
+19.03%
46.59
+45.60%
32.00
End Cash Position
33.23
-13.02%
38.20
-31.10%
55.45
+19.03%
46.59
Free Cash Flow
-5.48
-173.49%
7.46
-79.43%
36.26
+38.02%
26.27
Interest Paid Supplemental Data
20.41
+53.04%
13.34
+10.22%
12.10
+141.62%
5.01
Income Tax Paid Supplemental Data
24.73
+158.96%
9.55
-3.69%
9.92
+84.38%
5.38
Change In Income Tax Payable
2.00
+40.70%
1.43
+172.12%
-1.98
-238.76%
1.42
Change In Tax Payable
2.00
+40.70%
1.43
+172.12%
-1.98
-238.76%
1.42
Sale Of Business
107.81
0.00
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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