CECO · Ceco Environmental Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '25 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $205.92M | - | $197.60M | $185.39M | - | $135.51M | $137.52M | $126.33M | - | $149.39M |
| Cost of Revenue | $142.00M | - | $133.02M | $118.28M | - | $90.25M | $88.47M | $81.20M | - | $106.27M |
| Gross Profit | $63.92M | - | $64.58M | $67.11M | - | $45.27M | $49.05M | $45.13M | - | $43.12M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $46.09M | - | $47.03M | $48.82M | - | $34.26M | $36.47M | $34.91M | - | $30.44M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $6.10M | - | - | - | - | $3.56M | $3.46M | $3.51M | - | $3.12M |
| Operating Income | $1.88M | - | $9.40M | $18.06M | - | $7.19M | $9.26M | $7.69M | - | $7.85M |
| Interest Expense | $4.23M | - | $5.05M | $4.90M | - | $2.65M | $3.25M | $3.41M | - | $3.34M |
| Income Tax | ($3.50M) | - | $483.0K | $4.51M | - | $1.60M | $394.0K | $667.0K | - | $585.0K |
| Net Income | ($398.0K) | - | $1.50M | $9.51M | - | $2.09M | $4.49M | $1.51M | - | $3.33M |
| EPS - Basic | ($0.01) | - | $0.04 | $0.27 | - | $0.06 | $0.13 | $0.04 | - | $0.10 |
| EPS - Diluted | ($0.01) | - | $0.04 | $0.26 | - | $0.06 | $0.12 | $0.04 | - | $0.09 |
Balance Sheet
| Line item | Q1 '25 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $45.41M | $33.14M | $32.79M | $36.82M | $37.83M | $38.70M | $36.52M | $46.56M | $54.78M | $47.58M |
| Accounts Receivable | $278.53M | $172.91M | $159.62M | $161.50M | $159.57M | $100.11M | $126.97M | $116.65M | $112.73M | $75.00M |
| Inventory | $60.17M | $54.00M | $57.71M | $59.79M | $42.62M | $37.76M | $38.48M | $38.03M | $34.09M | $37.91M |
| Accounts Payable | $137.59M | $117.85M | $127.58M | $125.97M | $109.67M | $92.32M | $87.69M | - | - | $73.41M |
| Current Assets | $539.23M | $410.18M | $395.48M | $383.00M | $330.97M | $276.27M | $281.37M | $271.61M | $281.44M | $285.38M |
| Total Assets | $1.03B | $893.77M | $891.88M | $876.58M | $759.70M | $621.51M | $598.13M | $589.02M | $600.29M | $600.06M |
| Current Liabilities | $405.79M | $305.83M | $298.29M | $285.04M | $244.66M | $213.16M | $207.32M | $196.31M | $203.11M | $203.30M |
| Long-term Debt | $247.91M | $210.56M | $218.98M | $236.88M | $217.23M | $122.82M | $120.25M | $125.07M | $126.80M | $135.27M |
| Total Liabilities | $710.17M | $570.59M | $578.32M | $573.36M | $507.81M | $375.63M | $358.32M | $352.87M | $362.80M | $369.92M |
| Stockholders' Equity | $312.20M | $317.53M | $309.21M | $298.36M | $247.69M | $241.26M | $235.04M | $231.52M | $232.64M | $225.44M |
| Retained Earnings | $56.22M | $56.62M | $53.56M | $52.06M | $6.57M | $1.69M | ($394.0K) | ($4.88M) | ($6.39M) | ($10.27M) |
Cash Flow
| Line item | Q1 '25 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($13.10M) | - | - | - | - | - | - | $1.22M | - | - |
| Investing Cash Flow | ($9.21M) | - | - | - | - | - | - | ($2.69M) | - | - |
| Financing Cash Flow | $34.64M | - | - | - | - | - | - | ($6.53M) | - | - |
| CapEx | $2.59M | - | - | - | - | - | - | $3.12M | - | - |
| Free Cash Flow | ($15.69M) | - | - | - | - | - | - | ($1.89M) | - | - |
Ratios
| Metric | Q1 '25 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 31.0% | - | 32.7% | 36.2% | - | 33.4% | 35.7% | 35.7% | - | 28.9% |
| Operating margin | 0.9% | - | 4.8% | 9.7% | - | 5.3% | 6.7% | 6.1% | - | 5.3% |
| EBITDA margin | 3.9% | - | - | - | - | 7.9% | 9.2% | 8.9% | - | 7.3% |
| Net margin | -0.2% | - | 0.8% | 5.1% | - | 1.5% | 3.3% | 1.2% | - | 2.2% |
| Free cash flow margin | -7.6% | - | - | - | - | - | - | -1.5% | - | - |
| FCF / Net income | 39.42 | - | - | - | - | - | - | -1.25 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 22.4% | - | 23.8% | 26.3% | - | 25.3% | 26.5% | 27.6% | - | 20.4% |
| Effective tax rate | - | - | 24.4% | 32.2% | - | 43.4% | 8.1% | 30.7% | - | 14.9% |
| Return on assets | -0.0% | - | 0.2% | 1.1% | - | 0.3% | 0.7% | 0.3% | - | 0.6% |
| Return on equity | -0.1% | - | 0.5% | 3.2% | - | 0.9% | 1.9% | 0.7% | - | 1.5% |
| Return on invested capital | 0.3% | - | 1.3% | 2.3% | - | 1.1% | 2.4% | 1.5% | - | 1.9% |
| Liquidity | ||||||||||
| Current ratio | 1.33 | 1.34 | 1.33 | 1.34 | 1.35 | 1.30 | 1.36 | 1.38 | 1.39 | 1.40 |
| Quick ratio | 1.18 | 1.16 | 1.13 | 1.13 | 1.18 | 1.12 | 1.17 | 1.19 | 1.22 | 1.22 |
| Cash ratio | 0.11 | 0.11 | 0.11 | 0.13 | 0.15 | 0.18 | 0.18 | 0.24 | 0.27 | 0.23 |
| Leverage | ||||||||||
| Debt / Equity | 0.79 | 0.66 | 0.71 | 0.79 | 0.88 | 0.51 | 0.51 | 0.54 | 0.55 | 0.60 |
| Debt / Assets | 0.24 | 0.24 | 0.25 | 0.27 | 0.29 | 0.20 | 0.20 | 0.21 | 0.21 | 0.23 |
| Debt / EBITDA | 31.07 | - | - | - | - | 11.42 | 9.45 | 11.17 | - | 12.33 |
| Interest coverage | 0.4x | - | 1.9x | 3.7x | - | 2.7x | 2.8x | 2.3x | - | 2.4x |
| Equity multiplier | 3.29 | 2.81 | 2.88 | 2.94 | 3.07 | 2.58 | 2.54 | 2.54 | 2.58 | 2.66 |
| Liabilities / Assets | 0.69 | 0.64 | 0.65 | 0.65 | 0.67 | 0.60 | 0.60 | 0.60 | 0.60 | 0.62 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.22 | 0.21 | - | 0.22 | 0.23 | 0.21 | - | 0.25 |
| Inventory turnover | 2.36 | - | 2.30 | 1.98 | - | 2.39 | 2.30 | 2.14 | - | 2.80 |
| Days sales outstanding | 494d | - | 295d | 318d | - | 270d | 337d | 337d | - | 183d |
| Days inventory outstanding | 155d | - | 158d | 185d | - | 153d | 159d | 171d | - | 130d |
| Days payable outstanding | 354d | - | 350d | 389d | - | 373d | 362d | - | - | 252d |
| Cash conversion cycle | 295d | - | 103d | 114d | - | 49d | 134d | - | - | 61d |
| Valuation | ||||||||||
| P / E | - | - | 1280.0x | 108.9x | - | 470.0x | 240.4x | 575.5x | - | - |
| P / B | 6.8x | - | 6.0x | 3.5x | - | 4.3x | 4.5x | 3.6x | - | - |
| P / S | 10.3x | - | 9.4x | 5.6x | - | 7.6x | 7.6x | 6.6x | - | - |
| EV / EBITDA | 291.9x | - | - | - | - | 103.5x | 88.9x | 81.4x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 63.0% | - | 45.8% | 34.8% | - | -9.3% | 6.5% | 12.2% | - | 37.8% |
| Revenue CAGR (3y) | 30.6% | - | 22.2% | 20.7% | - | 19.2% | 20.5% | 20.7% | - | 24.5% |
| Revenue CAGR (5y) | 20.7% | - | 20.6% | 19.8% | - | 9.7% | 11.1% | 8.0% | - | 11.1% |
| Gross profit growth (YoY) | 41.6% | - | 42.7% | 36.8% | - | 5.0% | 23.2% | 29.3% | - | 33.0% |
| Operating income growth (YoY) | -75.6% | - | 30.8% | 95.1% | - | -8.5% | 7.6% | 40.7% | - | 183.2% |
| Net income growth (YoY) | - | - | -28.1% | 112.0% | - | -37.4% | 20.4% | -23.8% | - | 71.4% |
| EPS growth (YoY) | - | - | -33.3% | 116.7% | - | -33.3% | 9.1% | -33.3% | - | 50.0% |
| EPS CAGR (3y) | - | - | -12.6% | 26.0% | - | - | 128.9% | 10.1% | - | - |
| EPS CAGR (5y) | - | - | - | 23.6% | - | 3.7% | -4.4% | -4.4% | - | - |
| FCF growth (YoY) | -729.2% | - | - | - | - | - | - | 87.0% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 34.8% | 28.2% | 28.2% | 26.9% | 6.5% | 7.0% | 5.8% | 6.8% | 9.1% | 12.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$774.38M totalEngineered Systems$544.30M · 70.3%
Industrial Process Solutions$230.08M · 29.7%
Geographic
$774.38M totalUS$513.46M · 66.3%
Other$92.82M · 12.0%
NL$62.99M · 8.1%
GB$56.27M · 7.3%
CN$48.84M · 6.3%
Peer comparison
Same SIC group: Industrial & Commercial Fans & Blowers & Air Purifing Equip
Comparing CECO ENVIRONMENTAL CORP against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Sep 14, 2017 | $0.0750 |
| Jun 14, 2017 | $0.0750 |
| Mar 15, 2017 | $0.0750 |
| Dec 14, 2016 | $0.0660 |
| Sep 14, 2016 | $0.0660 |
| Jun 15, 2016 | $0.0660 |
| Mar 16, 2016 | $0.0660 |
| Dec 14, 2015 | $0.0660 |
| Sep 16, 2015 | $0.0660 |
| Jun 10, 2015 | $0.0660 |
| Mar 17, 2015 | $0.0660 |
| Dec 17, 2014 | $0.0600 |
| Sep 12, 2014 | $0.0600 |
| Jun 11, 2014 | $0.0600 |
| Mar 17, 2014 | $0.0500 |
| Dec 13, 2013 | $0.0500 |
| Sep 12, 2013 | $0.0500 |
| Jun 12, 2013 | $0.0500 |
| Mar 14, 2013 | $0.0500 |
| Dec 12, 2012 | $0.0450 |
| Sep 12, 2012 | $0.0450 |
| Jun 13, 2012 | $0.0350 |
| Mar 16, 2012 | $0.0350 |
| Dec 13, 2011 | $0.0250 |