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Companies / Industrials / CECO Environmental Corp.
CECO

CECO Environmental Corp.

IndustrialsIndustrial Machinery
Ticker CECOADDISON, TXFiscal year ends DecemberBook value per share $52.52Diluted shares 39.5M

CECO Environmental Corp. (NASDAQ: CECO) operates as a leading environmentally focused, diversified industrial company serving the global industrial air, industrial water, and energy transition markets. The company's website is www.cecoenviro.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$774.38MFY2025
+38.8% year over year
Last 12 mo $903.17M
13.67%FY2025
+7.3 percentage points
Last 12 mo -0.59%
$53.11MFY2025
+268.3% year over year
Last 12 mo $-28.18M
15.76%FY2025
+10.4 percentage points
Last 12 mo -1.47%
Cash & financing
$5.86MFY2025
−76.4% year over year
Last 12 mo $-7.20M
$-5.48MFY2025
−173.5% year over year
Last 12 mo $-21.60M
0.67FY2025
Was 0.89× a year earlier
Last 12 mo 0.35
36.6MFY2025
+0.6% year over year
Last 12 mo 39.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CECO Environmental Corp. does

In the company’s own words

CECO Environmental Corp. (NASDAQ: CECO) operates as a leading environmentally focused, diversified industrial company serving the global industrial air, industrial water, and energy transition markets. The company's website is www.cecoenviro.com.

CECO provides innovative technology and application expertise to help companies protect people, the environment, and industrial equipment through safe, clean, and efficient solutions. The company's offerings improve air and water quality, optimize emissions management, and increase energy and process efficiency for highly engineered applications across power generation, hydrocarbon processing, chemical processing, semiconductor fabrication, electric vehicle production, battery production and recycling, specialty metals, aluminum and steel production, and numerous other industrial end markets.

The company operates through two reportable segments. The Engineered Systems segment serves power generation, hydrocarbon processing, water and wastewater treatment, oily water separation, marine and naval vessels, and midstream oil and gas sectors with emissions management, fluid bed cyclones, thermal acoustics, separation and filtration, and dampers and expansion joints. The Industrial Process Solutions segment serves the broader industrial sector with air pollution and contamination control, fluid handling, and process filtration solutions for applications including aluminum beverage can production, automobile production, semiconductor fabrication, steel and aluminum processing, and desalination.

CECO maintains an installed base of operating systems and equipment exceeding ten billion dollars and employs approximately 1,540 people across ten countries. The company operates with a direct sales force in key regions including the United States, Netherlands, United Kingdom, Germany, Canada, United Arab Emirates, India, China, Republic of Korea, and Singapore, supplemented by outside sales representatives in additional regions.

The company's competitive strengths include its position as a complete solution provider offering end-to-end services from engineering and project management through aftermarket support, long-standing customer relationships spanning over fifty years, a diversified equipment and solution portfolio, an experienced engineering team of approximately 520 professionals, and a disciplined acquisition program. In February 2026, CECO entered into an agreement to acquire Thermon Group Holdings, Inc. in a cash and stock transaction, subject to customary closing conditions including stockholder and regulatory approvals.

Company details
Sector
Industrials
Industry (SIC)
Industrial Machinery
Headquarters
ADDISON, TX
Fiscal year end
December
CIK
3197
SIC
3564

Financial performance, year by year

Fiscal 2013–2025 · USD
$-132.40M$150.03M$432.46M$714.89M$997.32M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CECO Environmental Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

318
funds hold it
1 of 35
superinvestors hold it
$1.88B
held by funds, at market
37.6%
of shares held by funds

Superinvestors in CECO Environmental Corp. · what they did last quarter

Polen CapitalDECREASED -3.7%
Polen Capital Management
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · CECO Environmental Corp.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.15%of fund net assets
VIP Mid Cap Portfolio
XFBRX · Variable Insurance Products Fund III
1.10%of fund net assets
0.11%of fund net assets
Small Cap Growth Fund
ANONX · American Century Mutual Funds, Inc.
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do CECO Environmental Corp. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of CECO Environmental Corp.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in CECO Environmental Corp.'s last four quarterly filings that the numbers alone won't show?”
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