CECO Environmental Corp. (CECO) vs Fuel Tech, Inc. (FTEK)

CECO Environmental Corp. and Fuel Tech, Inc. are both Pollution & Treatment Controls companies. CECO Environmental Corp. is the larger, with a market value of $4.1B against $53.5M — 76.6× the size. CECO Environmental Corp. grew revenue faster over the last twelve months: 37.6% against 8.89%. CECO Environmental Corp. has the higher net margin (−3.39% vs −12.8%) and the higher return on invested capital (−0.12% vs −16.1%). Across the 19 metrics below, CECO Environmental Corp. leads on 13 and Fuel Tech, Inc. on 6.

Valuation

Metric CECO FTEK Pollution & Treatment Controls median
P/E n/m n/m —
P/S 3.52 1.96 3.64
P/B 1.53 1.44 2.08
Price to free cash flow n/m n/m —
EV/EBITDA 126.99 n/m 17.68
EV/Sales 4.26 1.27 4.26
Earnings yield (0.93%) (6.40%) (18.01%)
Free cash flow yield (0.32%) (2.21%) (5.86%)

Profitability

Metric CECO FTEK Pollution & Treatment Controls median
Gross margin 32.15% 44.74% 34.73%
Operating margin (0.60%) (16.78%) (29.01%)
Net margin (3.39%) (12.75%) (31.94%)
Free cash flow margin (1.13%) (4.34%) (12.20%)
Return on equity (2.57%) (8.92%) (38.24%)
Return on assets (1.33%) (7.72%) (26.06%)
Return on invested capital (0.12%) (16.13%) 0.00%

Growth

Metric CECO FTEK Pollution & Treatment Controls median
Revenue growth (TTM) 37.64% 8.89% 9.79%
EPS growth (last fiscal year) 280.56% (33.33%) —
Revenue growth, 5-year CAGR 19.63% 3.42% 8.56%
Net income growth, 5-year CAGR 43.55% 0.00% 0.00%

Health

Metric CECO FTEK Pollution & Treatment Controls median
Debt to equity 0.35 0.00 0.03
Current ratio 1.50 5.10 1.90
Net debt to EBITDA 1.36 8.34 0.30

Dividend

Metric CECO FTEK Pollution & Treatment Controls median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric CECO FTEK Pollution & Treatment Controls median
Market cap 4.10b 53.54m 48.08m

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