CECO Environmental Corp. (CECO) Stock

CECO Environmental Corp. (CECO) is a Industrials stock trading at $72.97 (as of 2026-08-20), with a market capitalization of $4.27B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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.

Understand CECO Environmental Corp.: how it makes money

CECO Environmental Corp. provides industrial air quality and fluid handling systems, engineering, designing, building, and installing equipment to capture, clean, and destroy air- and water-borne emissions and to handle fluids, including filtration, scrubbers, and related gas separation and treatment systems, which it sells as industrial systems across its two segments.

CECO’s profit model depends on converting industrial demand into engineered system sales that involve capture, cleaning, and destruction of emissions and fluid handling installations, and the company tracks performance using revenue measures including Short-Cycle Revenue and Quarterly Revenue.

Business quality (Mixed): The core business description and top-level revenue are provided, but segment-level revenue and KPI trend details are not, limiting how precisely you can attribute performance to each reportable segment.

Valuation: At 255× earnings, CECO trades 652% above the Machinery average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Broad, systems-based offering: The company engineers, designs, builds, and installs emission-control and fluid handling systems for industrial facilities, including a range of technologies (for example, selective catalytic and non-catalytic reduction systems, cyclonic technology, thermal oxidizers, filtration systems, and scrubbers).
  • Two established system platforms: It operates in two segments, Engineered Systems Segment and Industrial Process Solutions Segment, supporting a diversified approach to industrial environmental and fluid-handling solutions.

Bear case

  • Thin profitability: The latest provided financials show gross margin of 8.5% and operating margin of 0.2%, which indicates profitability is low and may be sensitive to operating cost and revenue mix.
  • Limited visibility from provided data: No clean segment revenue breakdown is provided in the facts, which makes it harder for investors to assess how much each reportable segment contributes to overall results.
Valuation — source: SEC EDGAR (first-party)
Price$72.97
Market Cap$4.27B
EV / EBITDA145.3
Price / Book2.05
Price / Sales3.01
FCF Yield-1.2%
DCF Value (model)$20.55
DCF Upside vs Price-71.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$750.00M
Net Margin6.7%
Revenue Growth (YoY)53.7%
EPS Growth (YoY)-396.3%
FCF Growth (YoY)358.0%
Financial Health — source: SEC EDGAR
Altman Z-Score4.20 (safe)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Machinery)32.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderFMR LLC ($138.76M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorIndustrials
IndustryMachinery
CEOTodd R. Gleason
Employees1,600
CountryUS
IPO Date1980-12-02

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CECO earnings history · CECO institutional & insider holders · CECO KPIs & operating metrics · CECO financials · CECO investor presentations & press releases · CECO SEC filings · CECO peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.