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CECO Environmental CECO · USD

Industrials · US listing · 🇺🇸 United States

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At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$774.4m

FY2016FY2025

Net income

$50.1m

FY2016FY2025

Free cash flow

−$5.5m

FY2016FY2025

Shareholders' equity

$317.5m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$774.4m$557.9m$544.8m$422.6m$324.1m$316.0m$341.9m$337.3m$345.1m$417.0m
Gross profit$253.1m$196.1m$171.0m$128.2m$100.9m$105.1m$114.1m$111.5m$113.2m$134.9m
Operating income$72.6m$35.4m$34.6m$27.6m$9.9m$13.3m$18.0m$9.6m$8.0m−$25.6m
Net income$50.1m$13.0m$12.9m$17.4m$1.4m$8.2m$17.7m−$7.1m−$3.0m−$38.2m
Diluted earnings per share1.360.360.360.500.040.230.50-0.20-0.09-1.11

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$893.8m$759.7m$600.3m$504.7m$416.2m$429.1m$414.5m$392.6m$438.5m$498.6m
Cash and short-term investments$33.1m$37.8m$54.8m$45.5m$29.9m$37.8m$37.0m$43.7m$29.9m$45.8m
Total liabilities$570.6m$507.8m$362.8m$286.6m$210.2m$225.5m$221.5m$214.0m$252.0m$308.6m
Debt$212.4m$225.4m$145.3m$117.4m$70.6m$80.0m$73.4m$76.2m$120.1m$128.5m
Shareholders' equity$317.5m$247.7m$232.6m$213.2m$204.6m$202.7m$193.0m$178.6m$186.6m$190.1m
Shares outstanding37m36m36m35m36m36m35m35m35m34m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$5.9m$24.8m$44.6m$29.6m$13.3m$4.4m$10.2m$22.0m$6.6m$69.6m
Capital spending−$11.3m−$17.4m−$8.4m−$3.4m−$2.6m−$3.9m−$5.7m−$3.1m−$1.0m−$1.1m
Free cash flow−$5.5m$7.5m$36.3m$26.3m$10.7m$476,000$4.6m$18.9m$5.5m$68.5m
Dividends paid———−$671,000−$230,000———−$7.8m−$9.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$285.0m$214.7m$214.7m$197.6m$185.4m$176.7m$158.6m$135.5m
Gross profit$86.5m$75.4m$71.4m$64.6m$67.1m$62.2m$56.7m$45.3m
Operating income−$33.2m$16.5m$17.7m$9.4m$18.1m$61.9m$9.2m$7.2m
Net income−$34.8m$3.1m$3.1m$1.5m$9.5m$36.0m$4.9m$2.1m
Diluted earnings per share-0.800.070.080.040.260.980.140.06
Cash from operations−$19.0m$5.0m$9.0m$15.0m−$7.0m−$11.0m$1.0m$15.0m
Capital spending—−$11.0m−$2.0m−$4.0m−$1.0m−$3.0m−$11.0m−$4.0m
Free cash flow—−$6.0m$7.0m$11.0m−$8.0m−$14.0m−$10.0m$11.0m
Total assets$3.73bn$1.03bn$893.8m$891.9m$876.6m$957.1m$759.7m$621.5m
Cash and short-term investments$61.1m$45.4m$33.1m$32.8m$36.8m$146.5m$37.8m$38.7m
Debt$16.6m$253.2m$212.4m$220.9m$245.0m$344.4m$224.8m$139.5m
Shareholders' equity$2.08bn$312.2m$317.5m$309.2m$298.4m$285.8m$247.7m$241.3m

Financial ratios

Data as of 25 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin32.7%35.2%31.4%30.3%31.1%33.3%
Operating margin13.4%5.5%6.4%6.6%3.7%4.9%
Net margin6.5%2.3%2.4%4.1%0.4%2.6%
Return on equity15.8%5.2%5.5%8.2%0.7%4.1%
Return on assets5.6%1.7%2.2%3.5%0.3%1.9%
Free cash flow yield1.0%2.4%3.0%1.9%0.9%0.5%
Revenue growth38.8%2.4%28.9%30.4%2.6%-7.6%
Earnings growth286.3%0.4%-25.9%1121.4%-82.6%-53.6%
Current ratio1.34x1.35x1.39x1.64x1.62x1.68x
Debt to equity0.67x0.91x0.62x0.54x0.33x0.37x
Equity ratio35.5%32.6%38.8%42.2%49.1%47.2%
Interest coverage4.96x2.36x2.60x5.11x4.08x4.35x
Buybacks as a share of market value-3.0%0.0%-2.2%1.7%0.3%-0.9%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue22.4%19.6%7.7%
Operating income38.1%40.3%29.7%
Net income42.2%43.6%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin33.7%32.5%32.5%32.4%
Operating margin8.1%7.4%6.6%4.4%
Net margin4.7%4.1%3.5%1.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings44.083.356.123.4155.330.215.3-33.5-58.5-12.5
Price to sales2.81.91.31.00.70.80.80.70.51.1

Market value over time

31 Aug 2016 to 23 Oct 2026, in USD

$373.7m$2.13bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return101%39%81%97%-15%-12%12%37%-64%96%

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 14 Sept 2017.

FY2017FY2016FY2015FY2014FY2013FY2012FY2011
Paid in the year0.2250.2640.2640.230.200.160.05

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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