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

40.33 2.67 +7.09%
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

CECO Environmental Corp. (CECO) Operating margin

Alert me on Operating margin

CECO Environmental Corp.'s operating margin over the twelve months to 30 June 2026 was −0.60%, down 14.3 percentage points from fiscal 2025 (13.7%). Over the past ten years it has ranged from −6.13% (fiscal 2016) to 13.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Pollution & Treatment Controls industry median of −17.5% and below the Industrials sector median of 5.21%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 13.7% 7.32
FY2024 6.35% 0.01
FY2023 6.34% 1.10
FY2022 5.24% 2.20
FY2021 3.04% (1.18)
FY2020 4.22% (1.04)
FY2019 5.26% 2.30
FY2018 2.96% 0.63
FY2017 2.33% 8.46
FY2016 −6.13% (7.48)

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 −11.6% (12.55)
Mar 2026 0.91% (6.79)
Dec 2025 7.70% 2.94
Sep 2025 4.76% (4.98)
42 more quarters

Against its own ten years

Low −6.13% High 13.7%
Ten-year median 4.22%
Current reading's percentile 14

Operating margin against peers

Company Operating margin
ZWS Zurn Elkay Water Solutions Cor compare 22.1%
VLTO Veralto Corporation compare 21.8%
ERII Energy Recovery, Inc. compare 0.78%
ADUR Aduro Clean Technologies Inc. compare 0.00%
CECO CECO Environmental Corp. −0.60%
FTEK Fuel Tech, Inc. compare −17.9%
ARQ Arq, Inc. compare −38.6%
CDZI Cadiz, Inc. compare −236.1%
PCT PureCycle Technologies, Inc. compare −1,313.8%
Pollution & Treatment Controls industry median −17.5%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on CECO