CECO (CECO Environmental Corp.) Stock Financials & Earnings | Market Cap Arena

CECO (CECO Environmental Corp.) Stock Financials & Earnings | Market Cap Arena

CECOCECO Environmental Corp.

Mkt Cap$2B

Industrials·Industrial - Pollution & Treatment Controls·🇺🇸 United States·NASDAQ

Revenue (TTM)$774M

Net Income (TTM)$50M

EPS (TTM)$1.36

Free Cash Flow (TTM)-$5M

Gross Margin34.3%

Op. Margin13.8%

Net Margin6.5%

FCF Margin-0.7%

P/S Ratio (TTM)2.5x

P/E Ratio (TTM)38.3x

YoY Rev Growth+38.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$113M	$35M	$5M
Q2 23	$129M	$40M	$9M
Q3 23	$149M	$43M	$8M
Q4 23	$154M	$51M	$14M
Q1 24	$126M	$45M	$8M
Q2 24	$138M	$49M	$9M
Q3 24	$136M	$45M	$7M
Q4 24	$159M	$57M	$11M
Q1 25	$177M	$62M	$62M
Q2 25	$185M	$67M	$18M
Q3 25	$198M	$65M	$9M
Q4 25	$215M	$71M	$18M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.3x	115.5x
Q2 23	4.1x	120.3x
Q3 23	3.8x	110.7x
Q4 23	3.5x	148.5x
Q1 24	3.4x	154.1x
Q2 24	3.4x	145.2x
Q3 24	3.5x	160.4x
Q4 24	3.4x	148.0x
Q1 25	3.2x	40.4x
Q2 25	2.9x	36.6x
Q3 25	2.7x	37.0x
Q4 25	2.5x	38.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$12M	-$15M
Q2 23	$11M	$10M
Q3 23	$30M	$29M
Q4 23	$15M	$12M
Q1 24	$1M	-$2M
Q2 24	$7M	$3M
Q3 24	$15M	$11M
Q4 24	$2M	$13M
Q1 25	-$12M	-$15M
Q2 25	-$8M	-$9M
Q3 25	$15M	$11M
Q4 25	$10M	$7M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$3M
Q2 23	$1M
Q3 23	$2M
Q4 23	$3M
Q1 24	$3M
Q2 24	$4M
Q3 24	$4M
Q4 24	$11M
Q1 25	$3M
Q2 25	$1M
Q3 25	$4M
Q4 25	$3M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+21.8%	+22.8%
Q2 23	+22.6%	+21.0%
Q3 23	+37.8%	+34.0%
Q4 23	+32.1%	+29.3%
Q1 24	+12.2%	+10.8%
Q2 24	+6.5%	+6.4%
Q3 24	-9.3%	-9.3%
Q4 24	+3.2%	+5.5%
Q1 25	+39.9%	-3.2%
Q2 25	+34.8%	+30.5%
Q3 25	+45.8%	+46.7%
Q4 25	+35.4%	+33.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$806K	0.7%
Q2 23	$1M	0.9%
Q3 23	$1M	0.8%
Q4 23	$1M	0.9%
Q1 24	$2M	1.3%
Q2 24	$2M	1.6%
Q3 24	$2M	1.4%
Q4 24	$2M	1.1%
Q1 25	$3M	1.9%
Q2 25	$3M	1.6%
Q3 25	$3M	1.7%
Q4 25	$4M	1.7%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	—	—	$27M
Q2 23	—	—	$28M
Q3 23	—	—	$30M
Q4 23	$36M	$600K	—
Q1 24	—	—	$35M
Q2 24	—	—	$36M
Q3 24	—	—	$34M
Q4 24	$40M	$700K	—
Q1 25	—	—	$54M
Q2 25	—	—	$49M
Q3 25	—	—	$47M
Q4 25	—	—	$51M

Revenue Segments

Quarter	Engineered Systems	Industrial Process Solutions
Q1 25	$125M	$59M
Q2 25	$133M	$59M
Q3 25	$144M	$57M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$41M	$0	$41M
Q2 23	$48M	$0	$48M
Q3 23	$48M	$0	$48M
Q4 23	$55M	$0	$55M
Q1 24	$47M	$0	$47M
Q2 24	$37M	$0	$37M
Q3 24	$39M	$0	$39M
Q4 24	$38M	$0	$38M
Q1 25	$146M	$0	$146M
Q2 25	$37M	$0	$37M
Q3 25	$33M	$0	$33M
Q4 25	$33M	$0	$33M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	35M	+0.8%
Q2 23	35M	-0.2%
Q3 23	35M	+0.4%
Q4 23	36M	+1.1%
Q1 24	36M	+1.4%
Q2 24	36M	+0.3%
Q3 24	36M	+0.5%
Q4 24	36M	-2.2%
Q1 25	37M	+2.8%
Q2 25	37M	-0.4%
Q3 25	36M	-0.4%
Q4 25	37M	+1.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$349K	2K
FY 25	$503K	2K