CECO Environmental Corp. (CECO)
NASDAQIndustrialsIndustrial - Pollution & Treatment ControlsSnapshot 2026-10-30
$47.79-2.63%
Close 2026-10-26 · 1-day change
NASDAQIndustrialsIndustrial - Pollution & Treatment ControlsSnapshot 2026-10-30
Research Workspace
Put CECO beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Environmental & Facilities Services is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Adjusted EBITDA grows 25% to $210 million in 2026: Comparison needs review.
View ThesisRevenue growth is accelerating — up about 32% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 26%, softest on share dilution.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 52% in its worst 12-month stretch.
View RiskCECO’s case rests on sustaining rapid revenue growth, despite fragile cash backing and weak recent performance. Revenue grew 54% year over year in Q2 FY2026, when adjusted earnings beat expectations. CECO trades at 41× P/E versus peers’ 28× median, though below its own 67× history. The price reflects less growth than our forecast, despite that peer premium. Cash does not yet support reported profits, and the model puts next-quarter miss risk at 25%. Adjusted EBITDA’s 2026 growth comparison needs review, so the alleged pressure is unverified. Peer multiples imply a price about 9% below where it trades; the thesis is on watch. This read is provisional.
End-of-day figures as of 2026-10-26. EPS is implied from price ÷ P/E. Not investment advice.
Trailing returns as of 2026-10-26. CECO is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 7 analysts currently covering CECO (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
Continue this research
Compare CECO with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| CECO Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 6 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
A price-focused, side-by-side fair-value read versus Environmental & Facilities Services — fair value, gap to price, and forward P/E.
Compare the value case
Put CECO next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Integration and synergy capture from Thermon acquisition
Raising guidance indicates successful integration and synergy capture.
Advances: Achieve 20% revenue growth for full year 2026
Record Q2 sales support 2026 revenue growth target.
Advances: Completion of Thermon acquisition
Positive momentum post-merger supports revenue growth objective.
M&A call confirms strategic direction and acquisition progress.
Increased price target reflects confidence in Thermon deal.
Director's purchase indicates confidence in company prospects.
Share price drop raises concerns about market confidence.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.