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CECO

CECO

CECO Environmental Corp.
$58.25
-0.75% Oct 21 close
Industrials Compare
-6%+20%+46%+73%+99%Oct 2025Oct 2026Apr 2026
CECOSPY
1W
-6.6%
1M
-18.6%
3M
-28.8%
6M
-8.7%
YTD
-2.7%
1Y
+15.5%

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What they do

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. It operates through Engineered Systems and Industrial Process Solutions segments. The company offers emissions management, fluid bed cyclones, thermal acoustics, and separation and filtration solutions.

Industrials · Pollution & Treatment Controls

For information only · Important disclosures

Grades vs sector

No sector grades for CECO yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Is CECO Environmental (CECO) Undervalued Following Strong Demand And Backlog Execution?
Simply Wall St. · Oct 19
Zacks Industry Outlook Highlights Donaldson, CECO Environmental, Fuel Tech and LiqTech International
Zacks · Oct 19
4 Pollution Control Stocks to Watch on Robust Industry Trends
Zacks · Oct 16
2 Growth Stocks Set to Flourish and 1 Facing Headwinds
StockStory · Oct 12
What CECO Environmental (CECO)'s Move to Become TXSE’s First Primary Listing Means For Shareholders
Simply Wall St. · Oct 07

Key stats

Market value$3.4B
P/E (next 12 months, estimated)18.5
52-week range$42.82 – $101.24
Revenue growth (latest quarter vs a year ago)+53.7%
Dividend yieldNo dividend
Analyst consensusStrong Buy (7)
Average analyst price target$109.00 (+87%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
No cash-flow valuation
Model read-out from the numbers below, not advice. Score +0 (DCF counts double).
•Piotroski F-score5/9
▼Altman Z1.6 (distress)
▲Analyst target+87% (7 analysts)

Discounted cash flow

Trailing free cash flow is negative or missing, so a cash-flow DCF isn't meaningful by default. You can enter your own assumptions below.
Reverse DCFfor context, not a signal
Trailing free cash flow is zero or negative, so there's no growth rate to solve for. The price is betting on a turnaround to positive cash flow.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.50 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs sector

Forward EPS $3.16 vs trailing $-0.77. Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
32.1%
Operating margin
-0.6%
FCF margin
-2.4%
Net margin
-3.4%
Return on equity
-1.5%
Return on invested capital
-0.2%
Net debt / EBITDA
–
Current ratio
1.5×
Interest cover
-0.2×
Cash conversion (OCF/NI)
–
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score 1.6 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$109
+87%
Analysts
7
Strong Buy
Range
$85–$130
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$774.4M$50.1M$-5.5M
2024$557.9M$13.0M$7.5M
2023$544.8M$12.9M$36.3M
2022$422.6M$17.4M$26.3M
2021$324.1M$1.4M$10.7M
2020$316.0M$8.2M$476.0K

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +22.4%.

Earnings

Next report: 2026-10-27 · before open · EPS est 0.59
24-1025-0225-0425-0725-1026-0226-0426-080.000.47
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-100.330.47+41.6%
2026-04-280.150.36+145.4%
2026-02-240.410.30-25.5%
2025-10-280.250.26+4.0%
2025-07-290.180.24+35.9%
2025-04-290.090.10+17.6%
2025-02-250.230.27+19.1%
2024-10-290.200.14-29.4%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$285.0M+53.7%
2026-03-31$205.9M–
2025-12-31$214.7M–
2025-09-30$197.6M–
2025-06-30$185.4M–
Analyst actions
JP Morgan
2026-10-13 · main
Overweight → Overweight
PT $110
Needham
2026-08-11 · reit
Buy → Buy
PT $110
TD Cowen
2026-08-05 · init
→ Buy
PT $85
JP Morgan
2026-07-09 · init
→ Overweight
PT $130
Lake Street
2026-06-10 · main
Buy → Buy
PT $111
Needham
2026-06-10 · main
Buy → Buy
PT $110

Recent dividends

2017-09-14: $0.075 · 2017-06-14: $0.075 · 2017-03-15: $0.075 · 2016-12-14: $0.066 · 2016-09-14: $0.066 · 2016-06-15: $0.066 · 2016-03-16: $0.066 · 2015-12-14: $0.066
Insider trades
None
None · None
Sell
–

Stats refreshed 2026-10-21 18:28:56 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026