CECO Environmental Corp. (CECO) Stock Price & Analysis
CECO Environmental Corp. (CECO) closed at USD 51.51 on Thursday, October 22, 2026, down 11.57% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 51.51; the Oct 22, 2026 session ranged USD 46.22–56.87 on volume of 2,338,823 shares. Market capitalization is —, with a 52-week range of USD 42.82–101.24 (TEX). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CECO.md
Key facts (CECO)
- Last four reported quarters (through Jun 30, 2026): revenue $903M, net income -$30.6M (-3.4% margin), free cash flow -$21.6M (SEC filings).
- 2 of 80 tracked superinvestors hold CECO (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $10.3M; 3 not under a Rule 10b5-1 plan ($10.3M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $2.6M; 2 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y +1.3% vs S&P 500 +14.9%; 5Y +652.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 0.59, revenue estimate $400M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CECO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $324M | $423M | $545M | $558M | $774M | $903M |
| Gross profit | $101M | $128M | $171M | $196M | $269M | — |
| Operating income | $9.9M | $22.2M | $34.6M | $35.4M | $106M | -$5.4M |
| Net income | $1.4M | $17.4M | $12.9M | $13.0M | $50.1M | -$30.6M |
| EPS (diluted) | $0.04 | $0.50 | $0.37 | $0.36 | $1.37 | — |
| Free cash flow | $10.7M | $26.3M | $36.3M | $7.5M | -$5.5M | -$21.6M |
| Gross margin | 31.1% | 30.3% | 31.4% | 35.2% | 34.8% | — |
| Operating margin | 3.0% | 5.2% | 6.3% | 6.3% | 13.7% | -0.6% |
| Net margin | 0.4% | 4.1% | 2.4% | 2.3% | 6.5% | -3.4% |
| Revenue growth | +2.6% | +30.4% | +28.9% | +2.4% | +38.8% | — |
| Cash + short-term investments | $29.9M | $45.5M | $54.8M | $37.8M | $33.1M | — |
| Total debt | $63.8M | $111M | $137M | $219M | $212M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CECO)
P/E at fiscal year-ends: Dec 2025 43.8x, Dec 2024 84.9x, Dec 2023 55.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (CECO)
2 of 80 tracked investors hold CECO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.11% | $12.5M | Reduced -3.7% |
| First Eagle Investment | First Eagle Investment Management | 0.04% | $24.9M | Added +13.1% |
Insider sales (SEC Form 4, open-market, last ~7 months) (CECO)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-24…2026-06-25 | Dezwirek Jason | Director | 68,000 | $6.6M | 1.6% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-24 | Johansson Peter K. | SVP, Chief Financial Officer | 30,000 | $2.9M | 42.4% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-01 | Nanda Munish | Director | 11,218 | $830K | 15.3% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (CECO)
2 purchases, $2.6M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-01 | Wallman Richard F | Director | 20,000 | $1.5M | 76.85 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-29 | Wallman Richard F | Director | 15,000 | $1.1M | 73.43 | Opportunistic (traded every year 2023–2025, no repeating month) |
Analysts (CECO)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | JP Morgan | Target lowered | Overweight | $130 → $110 |
| 2026-08-11 | Needham | Reiterated | Buy | $110 |
| 2026-08-05 | TD Cowen | Initiated | Buy | $85 |
| 2026-07-09 | JP Morgan | Initiated | Overweight | $130 |
Total return (dividends reinvested) (CECO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +1.3% | +652.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +1.3% | +49.6% |
| Volatility (annualized) | 67.1% | 52.6% |
| Max drawdown | -48.3% (Jun 2026→Oct 2026) | -47.6% (Jun 2026→Oct 2026) |
CECO revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Engineered Systems | $173.7M | 60.9% | +35.2% |
| Industrial Process Solutions | $61.7M | 21.6% | +8.3% |
| Thermal Solutions | $49.6M | 17.4% | — |
| Total revenue | $285.0M | 100% | — |
CECO revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $180.6M | 63.4% | +50.3% |
| Other | $28.9M | 10.1% | +60.3% |
| Netherlands | $26.2M | 9.2% | +66.3% |
| Canada | $18.8M | 6.6% | +249.1% |
| China | $18.8M | 6.6% | +38.7% |
| United Kingdom | $11.6M | 4.1% | -6.6% |
| Total revenue | $285.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CECO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | PENTAIR plc (PNR) | “Previously, Mr. Gleason served on the board of Faradyne, a strategic joint venture between Pentair and Xylem.” |
Quoted from the company's 10-K filed Mar 2, 2026.
CECO customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 10% of revenue, per the company's 10-K filed Mar 2, 2026. The company does not name it.
CECO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.59 | $0.52 | +13.0% | $399.6M | 7 |
| Next quarter (ends Dec 2026) | $0.80 | $0.73 | +8.9% | $448.7M | 7 |
| Current fiscal year (ends Dec 2026) | $2.30 | $1.91 | +20.5% | $1.34B | 7 |
| Next fiscal year (ends Dec 2027) | $3.16 | $2.83 | +11.4% | $1.83B | 7 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 51.51 |
|---|---|
| Change | ▼ 11.57% (down) |
| Previous Close | USD 51.51 |
| Open | USD 51.51 |
| Day Range | USD 46.22 – 56.87 |
| 52-Week Range | USD 42.82 – 101.24 |
| Volume | 2,338,823 shares |
| Market Cap | — |
| Exchange | TEX |
Technical Analysis (CECO)
Nexqual's technical model rates CECO "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 27.88 (oversold) |
| vs SMA50 | Below (USD 70.52) |
| MACD | -4.48 (negative) |
Earnings (CECO)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 0.59 |
| Revenue Estimate | $399.64M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.47 vs est 0.33 ▲ beat |
| 2026-03-31 | USD 0.36 vs est 0.15 ▲ beat |
| 2025-12-31 | USD 0.3 vs est 0.41 ▼ miss |
| 2025-09-30 | USD 0.26 vs est 0.25 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (CECO)
| Total Revenue | $903.17M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +53.70% |
| Gross Margin | +32.15% |
| Operating Margin | +4.91% |
| Profit Margin | -3.39% |
| ROE | -2.36% |
| Debt / Equity | 0.37 |
| Current Ratio | 1.5 |
| Total Cash | $61.07M |
| Total Debt | $771.83M |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Ownership (CECO)
| Insider Ownership | +10.67% |
|---|---|
| Institutional Ownership | +89.47% |
| Shares Outstanding | 58.57M |
| Float | 51.66M |
| Short % of Float | +3.66% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From CECO Environmental Corp.'s Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- We offer our customers a complete end-to-end solution, including engineering and project management services, procurement and fabrication, construction and installation, aftermarket support, and sale of consumables, which allows our customers to avoid dealing with multiple vendors when managing projects.
- We constantly look for opportunities to apply our technology and expertise to new customers and in new geographies in our existing end markets, and to enter new end markets with our existing set of products and solutions.
- The collective experience of our teams enables us to pursue our strategy, and to successfully execute on our strategic and growth priorities.
- We believe that maintaining a close relationship with our customers and providing them with the support they request improves their level of satisfaction and enables us to foresee their potential future product needs or service demands.
Legal & Regulatory Risks (Item 1A, quoted)
- We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar anti-bribery laws worldwide.
- Our business can be significantly affected by changes in regulatory standards.
- Changes in current environmental legislation and enforcement could have an adverse impact on the sale of our environmental control systems and products and on our financial condition, results of operations and cash flows.
- Changes in laws or regulations or the manner of their interpretation or enforcement could adversely impact our financial performance and restrict our ability to operate our business or execute our strategies.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
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