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CECO
CECO Environmental Corp.
$62.18
0.68
(1.11%)
[ms_data_label text=’Delayed data’]
| Exchange: | NASDAQ |
| Market Cap: | 2.218B |
| Shares Outstanding: | 9.186M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Industrial – Pollution & Treatment Controls | |||||
| CEO: | Todd R. Gleason | |||||
| Full Time Employees: | 1600 | |||||
| Address: |
| |||||
| Website: | https://www.cecoenviro.com |
CECO Environmental Corp. provides industrial air quality and fluid handling systems worldwide. It operates in two segments: Engineered Systems Segment and Industrial Process Solutions Segment. The company engineers, designs, builds, and installs systems that capture, clean, and destroy air- and water-borne emissions from industrial facilities as well as fluid handling, gas separation, and filtration systems. It offers dampers and diverters, selective catalytic reduction and selective non-catalytic reduction systems, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, and water and fluid handling equipment, as well as plant engineering services and engineered design build fabrication. 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 producer companies. CECO Environmental Corp. was incorporated in 1966 and is headquartered in Dallas, Texas.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 544,845 | 557,933 | 774,381 |
| Gross Profit | 171,016 | 196,147 | 253,060 |
| EBITDA | 47,448 | 45,234 | 128,640 |
| Operating Income | 34,569 | 35,403 | 51,713 |
| Net Income | 12,911 | 12,957 | 50,051 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 600,291 | 759,699 | 893,769 |
| Total Liabilities | 362,800 | 507,806 | 570,587 |
| Total Stockholders Equity | 232,643 | 247,689 | 317,528 |
| Total Debt | 155,478 | 249,916 | 24,840 |
| Cash and Cash Equivalents | 54,779 | 37,832 | 33,144 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 44,647 | 24,828 | 5,861 |
| Capital Expenditure | -8,384 | -17,368 | 0 |
| Free Cash Flow | 36,263 | 7,460 | 5,861 |
| Net Income | 12,911 | 14,421 | 50,051 |
| Net Change in Cash | 8,863 | -17,247 | -4,974 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,209,267.619 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,244,105.005 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,223,800 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 302,732.565 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 311,453.886 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 306,370.655 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 103,071.252 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 106,945.415 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 105,008.334 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 295,379.055 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 303,888.531 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 298,928.774 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 2.860 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 2.920 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 2.820 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Financial Performance: CECO Environmental reported a record third quarter in 2025 with strong revenue growth, as highlighted in the Q3 2025 earnings call transcript. This performance reflects robust operational execution and aligns with positive industry trends in the environmental sector.
- Solid Backlog and Outlook: The company reaffirmed its 2025 outlook and provided a positive initial outlook for 2026, supported by a record backlog. This indicates sustained demand and potential for future revenue growth, as noted in the earnings call summary.
- Strong Operating Metrics: Key metrics such as return on equity (ROE) and return on invested capital (ROIC) from the latest TTM data suggest efficient capital utilization, positioning CECO favorably against industry peers in the environmental solutions space.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CECO intrinsic value between $3.08 – $44.24 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about CECO valuation
Is CECO Environmental Corp. (CECO) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for CECO Environmental Corp. (CECO) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CECO a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CECO trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CECO’s P/E ratio?
You can see CECO’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CECO?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CECO a good long-term investment?
Whether CECO fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CECO
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1.11
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