CECO Stock Analysis: CECO Environmental | NASDAQ
Pollution & Treatment Controls | NASDAQ, USA | Market Cap: 4.712m USD | 12M Return: 171.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 75.3M
EPS Trend: 53.7%
Qual. Beats: 1
Rev. Trend: 95.3%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CECO Environmental Corp. (NASDAQ: CECO) is an industrial solutions provider specializing in air quality, water treatment, and energy transition technologies. Founded in 1869 and headquartered in Addison, Texas, the company operates through two segments-Engineered Systems and Industrial Process Solutions-and serves customers across the U.S., U.K., Netherlands, China, and other international markets.
Its product portfolio spans emissions control equipment (dust collectors, scrubbers, thermal oxidizers, selective catalytic reduction systems), separation and filtration technologies, fluid handling pumps, silencers, and engineered design-build fabrication services. End markets include power generation, hydrocarbon processing, water/wastewater treatment, marine and naval vessels, midstream oil and gas, semiconductor fabrication, and food and beverage processing.
As a member of the Industrials sector (Industrial Machinery & Supplies & Components sub-industry), CECO operates in a business model largely driven by regulatory compliance for air and water emissions, as well as capital spending cycles in heavy industry. Demand for its emissions control and water treatment offerings is supported by tightening environmental standards in major manufacturing economies, while its energy transition solutions address decarbonization requirements for industrial operators.
- EPA emissions regulations tighten, boosting air pollution control orders
- Backlog growth in Engineered Systems drives quarterly revenue beat
- Semiconductor and battery plant buildouts lift filtration demand
| Net Income: 17.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -0.82 > 1.0 |
| NWC/Revenue: 16.43% < 20% (prev 32.44%; Δ -16.02% < -1%) |
| CFO/TA 0.02 > 3% & CFO 23.4m > Net Income 17.1m |
| Net Debt (236.0m) to EBITDA (77.7m): 3.04 < 3 |
| Current Ratio: 1.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (36.8m) vs 12m ago 0.21% < -2% |
| Gross Margin: 34.28% > 18% (prev 35.04%; Δ -0.77% > 0.5%) |
| Asset Turnover: 81.87% > 50% (prev 63.56%; Δ 18.32% > 0%) |
| Interest Coverage Ratio: 2.74 > 6 (EBIT TTM 53.4m / Interest Expense TTM 19.4m) |
| A: 0.13 (Total Current Assets 539.2m - Total Current Liabilities 405.8m) / Total Assets 1.03b |
| B: 0.05 (Retained Earnings 56.2m / Total Assets 1.03b) |
| C: 0.05 (EBIT TTM 53.4m / Avg Total Assets 992.2m) |
| D: 0.44 (Book Value of Equity 312.2m / Total Liabilities 710.2m) |
| Altman-Z'' = 1.85 = BBB |
| DSRI: 1.21 (Receivables 382.2m/235.7m, Revenue 812.4m/608.3m) |
| GMI: 1.02 (GM 35.04% / 34.28%) |
| AQI: 0.93 (AQ_t 0.40 / AQ_t-1 0.43) |
| SGI: 1.34 (Revenue 812.4m / 608.3m) |
| TATA: -0.01 (NI 17.1m - CFO 23.4m) / TA 1.03b) |
| Beneish M = -2.63 (Cap -4..+1) = A |
As of July 11, 2026, the stock is trading at USD 83.63 with a total of 699,961 shares traded. Over the past week, the price has changed by +1.80%, over one month by -9.38%, over three months by +30.18% and over the past year by +171.88%.
Current recommended Stop Loss: 68.90 (which is 17.6% or 2.7 ATR below the current price).
CECO Environmental has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy CECO.
- StrongBuy: 3
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 108.2 | 29.4% |
P/E Trailing = 212.3158
P/E Forward = 48.7805
P/S = 5.8635
P/B = 15.3678
P/EG = 1.8846
Revenue TTM = 812.4m USD
EBIT TTM = 53.4m USD
EBITDA TTM = 77.7m USD
Long Term Debt = 247.9m USD (from longTermDebt, last quarter)
Short Term Debt = 5.34m USD (from shortTermDebt, last quarter)
Debt = 281.4m USD (corrected: LT Debt 247.9m + ST Debt 5.34m) + Leases 28.1m
Net Debt = 236.0m USD (calculated: Debt 281.4m - CCE 45.4m)
Enterprise Value = 4.95b USD (4.71b + Debt 281.4m - CCE 45.4m)
Interest Coverage Ratio = 2.74 (Ebit TTM 53.4m / Interest Expense TTM 19.4m)
EV/FCF = 1000.0x (Enterprise Value 4.95b / FCF TTM 4.12m)
FCF Yield = 0.08% (FCF TTM 4.12m / Enterprise Value 4.95b)
FCF Margin = 0.51% (FCF TTM 4.12m / Revenue TTM 812.4m)
Net Margin = 2.11% (Net Income TTM 17.1m / Revenue TTM 812.4m)
Gross Margin = 34.28% ((Revenue TTM 812.4m - Cost of Revenue TTM 533.9m) / Revenue TTM)
Gross Margin QoQ = 35.11% (prev 33.25%)
Tobins Q-Ratio = 4.82 (Enterprise Value 4.95b / Total Assets 1.03b)
Interest Expense / Debt = 6.91% (Interest Expense 19.4m / Debt 281.4m)
Taxrate = 44.62% (17.2m / 38.7m)
NOPAT = 29.6m (EBIT 53.4m * (1 - 44.62%))
Current Ratio = 1.33 (Total Current Assets 539.2m / Total Current Liabilities 405.8m)
Debt / Equity = 0.90 (Debt 281.4m / totalStockholderEquity, last quarter 312.2m)
Debt / EBITDA = 3.04 (Net Debt 236.0m / EBITDA 77.7m)
Debt / FCF = 57.31 (Net Debt 236.0m / FCF TTM 4.12m)
Total Stockholder Equity = 309.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.73% (Net Income 17.1m / Total Assets 1.03b)
RoE = 5.54% (Net Income TTM 17.1m / Total Stockholder Equity 309.3m)
RoCE = 9.58% (EBIT 53.4m / Capital Employed (Equity 309.3m + L.T.Debt 247.9m))
RoIC = 5.04% (NOPAT 29.6m / Invested Capital 586.3m)
WACC = 8.26% (E(4.71b)/V(4.99b) * Re(8.53%) + D(281.4m)/V(4.99b) * Rd(6.91%) * (1-Tc(0.45)))
Discount Rate = 8.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 65.93 | Cagr: 1.33%
[DCF] Terminal Value 73.10% ; FCFF base≈7.13m ; Y1≈6.25m ; Y5≈5.05m
[DCF] Fair Price = N/A (negative equity: EV 81.0m - Net Debt 236.0m = -154.9m; debt exceeds intrinsic value)
EPS Correlation: 53.75 | EPS CAGR: 6.43% | SUE: 1.65 | # QB: 1
Revenue Correlation: 95.34 | Revenue CAGR: 19.71% | SUE: 1.17 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.31 | Chg30d=-1.70% | Revisions=-17% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.51 | Chg30d=+28.32% | Revisions=+50% | Analysts=3
EPS current Year (2026-12-31): EPS=1.88 | Chg30d=+13.04% | Revisions=+50% | GrowthEPS=+111.5% | GrowthRev=+67.2%
EPS next Year (2027-12-31): EPS=2.84 | Chg30d=+26.48% | Revisions=+50% | GrowthEPS=+51.0% | GrowthRev=+34.1%
[Analyst] Revisions Ratio: +53% (up=10, down=2)