# CECO Environmental Corp. (CECO) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Industrials. Price $74.10, market value $4.3 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). CECO Environmental Corp. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.08**. A PEG of 0.08 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.8×**. Each dollar of revenue is priced at 4.8×.
- **Price / book: 2.1×**. The shares trade at 2.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 164.5×**. Enterprise value is 164.5× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -0.5%** (5-yr avg 3.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 32.1%**. CECO Environmental Corp. keeps 32.1% of revenue after the direct cost of what it sells.
- **Operating margin: -0.6%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 6.5%**. 6.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.8%**. 15.8% on shareholders' equity is solid.
- **Return on invested capital: -0.9%**. Return on all capital, debt included, is -0.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -3.4%**. Each dollar of assets produces -3.4% of profit.

## Growth
- **Revenue growth (1 yr): 38.8%** (3-yr 22.4%/yr, 5-yr 19.6%/yr). Revenue grew 38.8% over the last year, against 19.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 280.6%** (3-yr 39.9%/yr, 5-yr 42.9%/yr). Earnings per share rose 280.6%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.67**. Debt is 0.67 times equity, moderate leverage.
- **Net debt / EBITDA: 6.5×**. It would take 6.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 6.32**. A Z-score of 6.32 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. CECO Environmental Corp. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 51.9%** (YTD 23.8%, 3-mo -5.0%). The shares are up 51.9% over twelve months including dividends.
- **From 52-week high: -26.8%** (73.0% above the low). Trading 27% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 1.72** (volatility 64%). Beta of 1.72 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CECO · Page: https://foliofundamentals.com/stocks/ceco

Not investment advice.