Credit and interest ratesnegative · 4 filings
“The decrease in interest expense is primarily due to a decrease in the average outstanding debt balance and lower interest rates.”10-Q · Apr 30, 2026 ↗
CECO Environmental Corp.
CECO
Market read
CECO Environmental Corp.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Company+4.0% todayVolume comparison unavailable
Market group0 of 3 activeEnvironmental Health Solutions · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- CECO's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if CECO's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- CECO's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements70
Verified relationships6
Evidence supporting the case
- Latest annual revenue changed +38.8% year over year.
- Operating margin changed +7.3 percentage points in the latest annual period.
- Net margin changed +4.1 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Operating cash flow was only 0.12x net income in the latest annual period.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 10, 2026
75.366m+24.7%12m+61.0%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$324.1M+2.6%$0.04+0.2%
2022-12-31$422.6M+30.4%$0.50-1.7%
2023-12-31$544.8M+28.9%$0.37+0.9%
2024-12-31$557.9M+2.4%$0.36+3.0%
2025-12-31$774.4M+38.8%$1.37+0.6%
What management says matters
Persistent and emerging business drivers
Demand and volumepositive · 4 filings
“The decrease is primarily attributable to the divestiture of the Global Pump Solutions business, nearly fully offset by backlog execution on industrial and ducting applications.”10-Q · Apr 30, 2026 ↗
Energy and commodity pricespositive · 1 filings
“We believe growth for our products and services is driven by the increase in demand for air quality and water treatment solutions, the energy transition, a shift towards cleaner sources of fuel such as natural gas, hydrogen, nuclear, and renewable sources, an…”10-K · Mar 2, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
78.41+4.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CECO. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for CECO. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind CECO
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
HONHoneywell International Inc.partnerMar 2, 2026 ▾
“He has also held senior business, strategic business development, commercial, and engineering leadership roles with ITT Inc., Trane Technologies PLC, WABCO Holdings, Inc., and Honeywell International, Inc.”
IEXIDEX CorporationpartnerMar 2, 2026 ▾
“Johansson led the corporate, product-line, and M&A growth strategy and implementation of a differentiated business line operating model for IDEX Corporation.”
Depended on by
BWBabcock & Wilcox Enterprises, Inc.competitorMar 16, 2026 ▾
“CECO Environmental Shell Global Cansolv Doosan Corporation Southern Environmental, Inc Elessent Clean Technologies Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CECO is currently a Early Follower in the organic co-movement group Environmental Health Solutions. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for CECO; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.