CECO Environmental (CECO) Financial Statements & Analysis

CECO Environmental (CECO) Income Statement

CECO Environmental reported revenue of $774.38M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 38.8% from $557.93M a year earlier. Net income was $50.05M, up 286.3% year over year, a net margin of 6.5%. Gross margin was 34.8% and operating margin 6.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $284.96M, up 53.7% from the same quarter a year earlier.

CECO Environmental Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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CECO Environmental Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	774.38	557.93	544.85	422.63	324.14	316.01	341.87	337.34	345.05
Cost of Revenue	505.16	361.79	373.83	294.40	223.22	210.88	227.77	225.80	231.86
Gross Profit	269.23	196.15	171.02	128.23	100.92	105.13	114.10	111.54	113.19
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	200.73	146.48	122.52	93.47	81.80	76.93	85.98	87.46	88.98
Operating Expenses	217.51	160.74	136.45	106.06	91.07	84.53	96.11	97.15	96.11
Operating Income	51.71	35.40	34.57	22.16	9.86	20.60	17.99	10.00	8.02
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	20.91	-13.02	-13.42	5.42	-2.95	-3.54	5.40	7.14	6.72
Other Income/Expense	52.05	17.71	13.04	1.53	-5.18	0.73	-4.65	-7.51	-6.62
Income
Income Before Tax	82.85	17.69	21.53	23.69	4.67	11.84	13.34	2.50	1.41
Income Tax Expense	29.74	3.27	7.02	5.43	2.69	3.67	-4.36	9.62	4.44
Net Income	50.05	12.96	12.91	17.42	1.43	8.21	17.71	-7.12	-3.03
Net Income - Continuous Operations	53.11	12.96	14.50	17.42	1.98	8.21	17.71	-7.12	-3.03
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	128.64	55.06	52.91	38.33	21.89	30.52	29.35	22.74	26.57
EBIT	103.76	40.53	40.41	29.11	12.04	20.60	-	-	-
Depreciation & Amortization	16.17	14.52	12.51	10.61	9.85	9.92	10.61	13.10	16.09
Earnings Per Share
Basic EPS	1.00	-	-	1.00	-	-	1.00	-	-
Diluted EPS	1.00	-	-	1.00	-	-	1.00	-	-
Basic Shares Outstanding	35.33	34.93	34.67	34.67	35.35	35.29	34.99	33.91	33.66
Diluted Shares Outstanding	36.60	36.38	35.33	35.01	35.59	35.52	35.48	34.71	34.45

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About CECO Environmental Financial Statements

What was CECO Environmental's revenue in fiscal 2025?

CECO Environmental reported revenue of $774.38M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 38.8% from $557.93M a year earlier.

Is CECO Environmental profitable?

Yes. CECO Environmental earned net income of $50.05M in fiscal 2025, a net margin of 6.5%. In fiscal 2024 it earned $12.96M.

What is CECO Environmental's operating margin?

CECO Environmental's operating income was $51.71M on revenue of $774.38M in fiscal 2025, an operating margin of 6.7%, compared with 6.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition