CECO Environmental Corp.
CECOIndustrialsNASDAQPollution & Treatment Controls · Last scanned Jul 18, 2026
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Daily timeframeCECO 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. Valued at $4.67B, CECO is a mid-cap name in its sector. It operates through Engineered Systems and Industrial Process Solutions segments.
Market Cap
$4.67B
Beta
1.47
P/E (TTM)
210.34
P/E (Fwd)
28.21
EPS (TTM)
$0.38
EPS (Fwd)
$2.83
ROE
5.4%
ROA
3.8%
Cash
$45.4M
Total Debt
$281.4M
Free CF
$11.0M
52W Change
149.8%
Annual Financials
Cash vs Debt
CECO Environmental Corp. carries $281.4M in total debt against $45.4M in cash reserves — debt is roughly 6.2x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company generates $11.0M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 5.4%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.8% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $422.6M (2022) to $774.4M (2025), reflecting a 83% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence CECO Environmental Corp.'s trajectory.