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CECO Environmental Corp.

CECOIndustrialsNASDAQ

Pollution & Treatment Controls

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Financials · Annual
Revenue
$774.4M
+38.8% YoY
Net Income
$50.1M
+286.3% YoY
EBITDA
$128.6M
+184.4% YoY
Free Cash Flow
$11.0M

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About CECO Environmental Corp.

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. With a market capitalization of $2.68B, it sits in mid-cap territory. It operates through Engineered Systems and Industrial Process Solutions segments.

Key stats
Market Cap$2.68B
P/E (TTM)196.71
Fwd P/E33.25
EPS$0.38
Beta1.52
52W Change+176.2%
ROE5.4%
Analysis

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. Free cash flow comes in at $11.0M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 5.4% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. 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.

CECO Environmental Corp.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. CECO Environmental Corp. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for CECO Environmental Corp. and its sector.

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