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CECO ENVIRONMENTAL CORP
Nasdaq · CIK 3197
Last close73.66
Daily change+1.79 (2.49%)
10 Years gain+563.24%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
CECO · STANDARD
SIC 3564 · Industrial & Commercial Fans & Blowers & Air Purifing Equip · Fiscal year end 1231
Fundamental
36.6Momentum
0.0Acceleration
0.0Confidence
67.0Annual Revenue16
Quarterly Revenue64
Annual CFO14
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth18.0 / 25
Quality8.7 / 25
Capital Efficiency0.6 / 20
Balance Sheet3.0 / 15
Shareholder Economics1.3 / 10
Forward Indicators5.0 / 5
Signals
No positive signals calculated.
Warnings
Receivables anomaly · MEDIUMAccounts receivable growth is materially above revenue growth.
Inventory anomaly · MEDIUMInventory growth is materially above revenue growth.
Gross margin compression · MEDIUMGross margin compressed by 2.7186 percentage points.
Operating margin compression · MEDIUMOperating margin compressed by 15.3686 percentage points.
Heavy share dilution · HIGHDiluted share count increased 18.0466%.
Low interest coverage · HIGHInterest coverage is -0.165x.
ROIC declining · MEDIUMROIC declined by 14.946 percentage points.
Possible growth trap · HIGHRevenue growth is high, but quality indicators are deteriorating.
Key Metrics
Revenue Growth TTM51.7%OK
Revenue CAGR 3Y22.37%OK
Gross Margin32.28%OK
Operating Margin-0.44%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC-0.19%OK
Incremental Operating Margin 3Y-3.16%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y18.05%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $774.38M | $269.23M | $105.86M | $5.86M | -$5.48M | 34.77% | 13.67% | -0.71% | 14.87% | 36.6M |
| 2025 FY Dec 31, 2024 | $557.93M | $196.15M | $35.40M | $24.83M | $7.46M | 35.16% | 6.35% | 1.34% | 7.76% | 36.38M |
| 2025 FY Dec 31, 2023 | $544.85M | $171.02M | $34.57M | $44.65M | $36.26M | 31.39% | 6.34% | 6.66% | 7.84% | 35.33M |
| 2024 FY Dec 31, 2022 | $422.63M | $128.23M | $22.16M | $29.65M | $26.27M | 30.34% | 5.24% | 6.22% | 6.61% | 35.01M |
| 2023 FY Dec 31, 2021 | $324.14M | $100.92M | $9.86M | $13.30M | $10.68M | 31.14% | 3.04% | 3.3% | 2.68% | 35.59M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $873.87M | sum latest 4 fiscal quarters Revenue | OK | 0001193125-26-342536, 0001193125-25-252944 |
| Revenue Growth TTM | 51.7% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001193125-26-342536, 0001193125-25-252944 |
| Revenue CAGR 3Y | 22.37% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001193125-26-085815 |
| Revenue CAGR 5Y | 19.63% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001193125-26-085815 |
| Gross Profit CAGR 3Y | 28.05% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001193125-26-085815 |
| Operating Income Growth | -104.47% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001193125-26-342536, 0001193125-25-252944 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 32.28% | Gross Profit / Revenue | OK | 0001193125-26-342536, 0001193125-25-252944 |
| Operating Margin | -0.44% | Operating Income / Revenue | OK | 0001193125-26-342536, 0001193125-25-252944 |
| ROIC | -0.19% | NOPAT / Average Invested Capital | OK | 0001193125-26-342536, 0001193125-25-252944 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001193125-26-342536 |
| Interest Coverage | -0.17x | Operating Income / abs(Interest Expense) | OK | derived |
| Current Ratio | 1.5x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 0.08x | (Cash + Short-term Investments) / Total Debt | OK | 0001193125-26-342536 |