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CECO Environmental Corp.

CECO Industrials Pollution & Treatment Controls

CECO Environmental Corp.’s revenue for fiscal 2025 (year ended December 2025) was $774.4 million, up 38.8% from fiscal 2024.

Revenue
+53.7%
EPS
−396.3%
Free cash flow
−178.0%
Total debt
+204.8%

Quarter to June 2026, against a year earlier

41.12 3.46 +9.19%
Market cap
$2.2B
P/E
0.0×
Fwd P/E
151×
Dividend yield
—
F-score
5/9
Altman Z
3.71
Beneish M
−2.10
Dividend safety
78/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

CECO Environmental Corp. (CECO) Debt to equity

Alert me on Debt to equity

CECO Environmental Corp.'s debt to equity at the end of the quarter to 30 June 2026 was 0.3×, down 0.3× from fiscal 2025 (0.7×). Over the past ten years it has ranged from 0.3× (fiscal 2021) to 0.9× (fiscal 2024); the current reading is higher than 82% of that period. That is above the Pollution & Treatment Controls industry median of 0.1× and above the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.7× (24.35%)
FY2024 0.9× 50.30%
FY2023 0.6× 13.40%
FY2022 0.5× 64.61%
FY2021 0.3× (13.15%)
FY2020 0.4× 5.07%
FY2019 0.3× (20.65%)
FY2018 0.4× (30.51%)
FY2017 0.6× (5.03%)
FY2016 0.6× (10.45%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.3× (56.20%)
Mar 2026 0.8× 21.47%
Dec 2025 0.7× (6.70%)
Sep 2025 0.7× (10.52%)
42 more quarters

Against its own ten years

Low 0.3× High 0.9×
Ten-year median 0.6×
Current reading's percentile 82

Debt to equity against peers

Company Debt to equity
ADUR Aduro Clean Technologies Inc. compare 0.0×
ERII Energy Recovery, Inc. compare 0.0×
FTEK Fuel Tech, Inc. compare 0.0×
PCT PureCycle Technologies, Inc. compare 0.0×
ARQ Arq, Inc. compare 0.2×
ZWS Zurn Elkay Water Solutions Cor compare 0.3×
CECO CECO Environmental Corp. 0.3×
VLTO Veralto Corporation compare 0.9×
CDZI Cadiz, Inc. compare 25.0×
Pollution & Treatment Controls industry median 0.1×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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