CECO Environmental Corp. (CECO)

CECO Environmental Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	774.38	557.93	544.85	422.63	324.14
Revenue Growth (YoY)	38.80%	2.40%	28.92%	30.38%	2.57%
Cost of Revenue	505.16	361.79	373.83	294.4	223.22
Gross Profit	269.23	196.15	171.02	128.23	100.92
Selling, General & Admin	200.73	146.7	122.94	93.47	81.8
Amortization of Goodwill & Intangibles	16.17	8.93	7.88	7.04	7.09
Other Operating Expenses	0.62	-	-	-	-
Operating Expenses	217.51	155.63	130.83	100.51	88.88
Operating Income	51.71	40.52	40.19	27.71	12.04
Interest Expense	-20.91	-13.02	-13.42	-5.42	-2.95
Currency Exchange Gain (Loss)	-	-4.3	1.2	6.3	-3.1
Other Non Operating Income (Expenses)	-2.1	-0.39	-0.83	0.65	0.87
EBT Excluding Unusual Items	28.7	22.81	27.14	29.24	6.86
Merger & Restructuring Charges	-9.56	-4.76	-3.86	-4.62	-1.45
Gain (Loss) on Sale of Assets	63.7	-	-	-	-
Legal Settlements	-	-0.23	-	-	-
Other Unusual Items	-	-0.13	-1.76	-0.93	-0.73
Pretax Income	82.85	17.69	21.53	23.69	4.67
Income Tax Expense	29.74	3.27	7.02	5.43	2.69
Earnings From Continuing Operations	53.11	14.42	14.5	18.26	1.98
Minority Interest in Earnings	-3.06	-1.46	-1.59	-0.85	-0.56
Net Income	50.05	12.96	12.91	17.42	1.43
Net Income to Common	50.05	12.96	12.91	17.42	1.43
Net Income Growth	286.28%	0.36%	-25.87%	1121.39%	-82.63%
Shares Outstanding (Basic)	35	35	35	35	35
Shares Outstanding (Diluted)	37	36	35	35	36
Shares Change (YoY)	0.61%	2.96%	0.94%	-1.66%	0.21%
EPS (Basic)	1.42	0.37	0.37	0.50	0.04
EPS (Diluted)	1.37	0.36	0.37	0.50	0.04
EPS Growth	280.56%	-2.70%	-26.00%	1150.03%	-82.61%
Free Cash Flow	-5.48	7.46	36.26	26.27	10.68
Free Cash Flow Per Share	-0.15	0.20	1.03	0.75	0.30
Gross Margin	34.77%	35.16%	31.39%	30.34%	31.14%
Operating Margin	6.68%	7.26%	7.38%	6.56%	3.71%
Profit Margin	6.46%	2.32%	2.37%	4.12%	0.44%
Free Cash Flow Margin	-0.71%	1.34%	6.66%	6.22%	3.29%
EBITDA	76.6	55.04	52.7	38.33	21.89
EBITDA Margin	9.89%	9.87%	9.67%	9.07%	6.75%
D&A For EBITDA	24.88	14.52	12.51	10.61	9.85
EBIT	51.71	40.52	40.19	27.71	12.04
EBIT Margin	6.68%	7.26%	7.38%	6.56%	3.71%
Effective Tax Rate	35.90%	18.48%	32.63%	22.91%	57.57%
Advertising Expenses	-	0.7	0.6	0.5	0.7

Updated Feb 24, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q