Event-Driven Stocks

CECO ENVIRONMENTAL CORP

CECONasdaq

Industrials · Industrial & Commercial Fans & Blowers & Air Purifing Equip · DE · SEC filings ↗ · Compare ⊕

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Signs● 5 good● 1 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$774.4M$557.9M$544.8M$422.6M$324.1M$316.0M
Operating income$105.9M$35.4M$34.6M$22.2M$9.9M$13.3M
Net income$50.1M$13.0M$12.9M$17.4M$1.4M$8.2M
Total assets$893.8M$759.7M$600.3M$504.7M$416.2M$419.3M
Total liabilities$570.6M$507.8M$362.8M$286.6M$210.2M$215.7M
Equity$317.5M$247.7M$232.6M$213.2M$204.6M$202.7M
EPS (diluted)$1.37$0.36$0.37$0.50$0.04$0.23
Shares out.35.0M34.9M34.4M35.0M35.4M35.3M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
13.7%
Net margin
6.5%
Return on equity
15.8%
Return on assets
5.6%
Return on capital (ROCE)
18.0%
Liabilities / assets
63.8%
Debt / equity
1.80×
Book value / share
$9.07
Revenue growth (YoY)
38.8%
Net income growth (YoY)
286.3%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
2.35grey zone
Accruals / assets
4.9%clean
Beneish M-Score
-2.12normal
Piotroski F-Score
6/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
70
/ 100
Profitability 100Growth 100Catalyst 33Earnings quality 67Financial strength 50

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 1 warning● 5 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Altman Z″ in the grey zone
  • Operating margin is positive
  • Strong return on equity (>15%)
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20265.2M5.9+21.2%
Apr 30, 20264.3M6.3+22.9%
Apr 15, 20263.5M8.7-0.6%
Mar 31, 20263.5M5.4+10.4%
Mar 13, 20263.2M4.0+27.3%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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