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CECO Environmental Corp. Income Statement 2025-2011 | CECE
Brief overview of financial performance at CECO Environmental Corp.
The overview follows changes across a five-year period. According to figures from CECO Environmental Corp., revenue changed from $316 million to $774 million over five years. The cumulative result was +145%, corresponding to roughly 19.6% per year. The pace indicates confident and sustained business growth.
Gross profit was 105 million dollars at the start and 269 million dollars at the end of the period (+156.1%). Direct costs grew more slowly than revenue and improved the economics of sales. Gross profit as a share of revenue changed from 33.3% to 34.8%. The relationship between gross profit and revenue changed only slightly.
EBITDA was $23.3 million at the beginning and $131 million at the end of the period (+461.9%). Additional revenue translated efficiently into EBITDA. Comparing the endpoints gives EBITDA margins of 7.4% and 16.9%. The increased EBITDA share is a positive sign.
The five-year change in net income was +509.6%: from $8.2 million to $50.1 million. The period finished with its strongest net-income result.
Conclusion
The results point to consistent and sustainable progress. Key strengths include better sales economics, sales growth and improving net profitability. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement CECO Environmental Corp.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | 407 M | 404 M | 404 M | 190 M | 289 M | 267 M | 238 M | 164 M | 434 M | 213 M | 325 M | 281 M | 143 M | 80.3 M |
Shares |
35.3 M | 34.9 M | 34.7 M | 34.7 M | 35.3 M | 35.3 M | 35 M | 34.7 M | 34.4 M | 34 M | 28.8 M | 25.8 M | 20.1 M | 14.8 M | 14.4 M |
Historical Prices |
- | 11.7 | 11.7 | 11.7 | 5.38 | 8.2 | 6.75 | 7.62 | 4.11 | 11 | 5.83 | 13 | 14.6 | 9.6 | 6.24 |
Net Income |
50.1 M | 13 M | 12.9 M | 17.4 M | 1.43 M | 8.21 M | 17.7 M | -7.12 M | -3.03 M | -38.2 M | -5.6 M | 13.1 M | 6.56 M | 10.8 M | 8.27 M |
Revenue |
774 M | 558 M | 545 M | 423 M | 324 M | 316 M | 342 M | 337 M | 345 M | 417 M | 367 M | 263 M | 197 M | 135 M | 139 M |
Cost of Revenue |
505 M | 362 M | 374 M | 294 M | 223 M | 211 M | 228 M | 226 M | 232 M | 282 M | 258 M | 178 M | 136 M | - | - |
Gross Profit |
269 M | 196 M | 171 M | 128 M | 101 M | 105 M | 114 M | 112 M | 113 M | 135 M | 109 M | 84.8 M | 61.6 M | 42.4 M | 38.2 M |
Operating Income |
106 M | 35.4 M | 34.6 M | 22.2 M | 9.86 M | 13.3 M | 18 M | 10 M | 8.02 M | -25.6 M | 4.95 M | 21.7 M | 6.97 M | 16.7 M | 12.4 M |
Interest Expense |
20.9 M | 13 M | 13.4 M | 5.42 M | 2.95 M | 3.54 M | 5.4 M | 7.14 M | 6.72 M | 7.71 M | 5.96 M | 3.14 M | 1.5 M | 1.17 M | 1.14 M |
EBITDA |
131 M | 49.9 M | 47.1 M | 32.8 M | 19.7 M | 23.3 M | 28.1 M | 24.1 M | 24.2 M | 53.1 M | 41.8 M | 33.1 M | 21 M | 17 M | 12.8 M |
Operating Expenses |
- | - | - | - | - | - | 94.5 M | 97.1 M | 96.1 M | 102 M | 92.9 M | 61.9 M | 47.4 M | 25.8 M | 25.8 M |
General and Administrative Expenses |
201 M | 147 M | 123 M | 93.5 M | 81.8 M | 76.9 M | 86 M | 87.5 M | 89 M | 81.7 M | 67.3 M | 51.4 M | 37.1 M | 25.4 M | 25.4 M |
All numbers in USD currency
Quarterly Income Statement CECO Environmental Corp.
| 2026-Q1 | 2025-Q4 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
35.7 M | 35.6 M | 35.3 M | 35 M | 35 M | 35 M | 34.9 M | 34.8 M | 34.8 M | 34.8 M | 34.6 M | 34.4 M | 34.4 M | 34.5 M | 34.9 M | 35.1 M | 35 M | 35.5 M | 35.5 M | 35.4 M | 35.5 M | 35.4 M | 35.3 M | 35.2 M | 35.3 M | 35.1 M | 34.9 M | 34.8 M | 35 M | 34.8 M | 34.7 M | 34.6 M | 34.7 M | 34.5 M | 34.5 M | 34.2 M | 34.3 M | 34 M | 33.9 M | 33.9 M | 34.1 M | 28.6 M | 26.3 M | 26.3 M | - | 25.7 M | 25.6 M | 25.6 M | - | 20 M | 17.8 M | 17.1 M | - | 14.6 M | 14.6 M | 14.5 M | - | 14.4 M | 14.3 M | 14.3 M |
Net Income |
-398 K | - | 9.51 M | 36 M | - | 2.09 M | 4.48 M | 1.51 M | - | 3.33 M | 3.72 M | 1.98 M | - | 1.94 M | 4.38 M | 2.81 M | - | -1.25 M | 382 K | 1.3 M | - | -239 K | 3.26 M | 3.41 M | 8.4 M | 1.93 M | 5.52 M | 1.86 M | 931 K | -12.9 M | -901 K | 5.76 M | -11.6 M | 3.04 M | 5.49 M | 38 K | -51.2 M | 5.83 M | 4.04 M | 3.06 M | -3.21 M | -4.82 M | 2.1 M | 198 K | 1.86 M | 3.7 M | 4.49 M | 3.02 M | 1.86 M | 3.7 M | 4.49 M | 3.02 M | - | 3.27 M | 2.48 M | 2.04 M | - | 2.32 M | 1.95 M | 1.26 M |
Revenue |
206 M | - | 185 M | 177 M | - | 136 M | 138 M | 126 M | - | 149 M | 129 M | 113 M | - | 108 M | 105 M | 92.4 M | - | 80 M | 78.7 M | 71.9 M | - | 77.4 M | 75.2 M | 80.5 M | 89.4 M | 85.3 M | 81.2 M | 86 M | 93.9 M | 88.3 M | 81.1 M | 74.1 M | 73.5 M | 85 M | 93.9 M | 92.7 M | 100 M | 102 M | 112 M | 103 M | 101 M | 98.2 M | 87 M | 81 M | 76.1 M | 63.3 M | 66.6 M | 57.2 M | 76.1 M | 49.8 M | 44.4 M | 34.4 M | - | 33.1 M | 34.6 M | 33 M | - | 32.9 M | 32.5 M | 36 M |
Cost of Revenue |
142 M | - | 118 M | 115 M | - | 90.2 M | 88.5 M | 81.2 M | - | 106 M | 89.4 M | 77.7 M | - | 76 M | 73.7 M | 66 M | - | 57.3 M | 53.4 M | 47.5 M | - | 52.6 M | 49.4 M | 52.2 M | - | 56.5 M | 54.3 M | 57.6 M | - | 59.6 M | 53.9 M | 48.6 M | - | 57.9 M | 65.4 M | 60.7 M | - | 67.9 M | 78.3 M | 71.6 M | - | 67.4 M | 60.3 M | 60 M | - | 42.2 M | 45.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
63.9 M | - | 67.1 M | 62.2 M | - | 45.3 M | 49 M | 45.1 M | - | 43.1 M | 39.8 M | 34.9 M | - | 32.4 M | 31.7 M | 26.4 M | - | 22.7 M | 25.3 M | 24.4 M | - | 24.8 M | 25.8 M | 28.3 M | 30 M | 28.8 M | 26.8 M | 28.4 M | 29.8 M | 28.7 M | 27.5 M | 25.6 M | 25.6 M | 27.1 M | 28.5 M | 31.9 M | 35.7 M | 33.7 M | 33.9 M | 31.6 M | 30.8 M | 30.8 M | 26.6 M | 21 M | 22.6 M | 21.1 M | 21.4 M | 19.7 M | 22.6 M | 21.1 M | 21.4 M | 19.7 M | - | 10.5 M | 10.5 M | 10.2 M | - | 9.7 M | 8.7 M | 8.47 M |
Operating Income |
1.88 M | - | 18.1 M | 61.9 M | - | 7.19 M | 9.26 M | 7.69 M | - | 7.85 M | 8.6 M | 5.46 M | - | 2.77 M | 5.75 M | 5.2 M | - | -596 K | 2.14 M | 3.05 M | - | 1.02 M | 4.4 M | 4.24 M | - | 4.06 M | 2.02 M | 4.89 M | - | -10.4 M | 2.58 M | 12.2 M | - | 5.63 M | 9.26 M | 1.35 M | - | 10.5 M | 8.56 M | 5.81 M | - | -2.19 M | 4.49 M | 2.98 M | - | 5.24 M | 7.19 M | 5.49 M | - | -3.36 M | 3.31 M | 3.34 M | - | 4.25 M | 4.28 M | 3.75 M | - | 3.31 M | 2.84 M | 2.42 M |
Interest Expense |
4.23 M | - | 4.9 M | 6.22 M | - | 2.65 M | 3.25 M | 3.41 M | - | 3.34 M | 3.75 M | 2.41 M | - | 1.57 M | 1.1 M | 822 K | - | 722 K | 704 K | 725 K | - | 772 K | 944 K | 1.02 M | - | 1.32 M | 1.46 M | 1.54 M | - | 1.73 M | 1.79 M | 1.92 M | - | 1.6 M | 1.64 M | 1.71 M | - | 1.91 M | 1.98 M | 2.1 M | - | 1.71 M | 1.17 M | 960 K | - | 767 K | 746 K | 742 K | - | 456 K | 154 K | 97 K | - | 291 K | 266 K | 271 K | - | 296 K | 284 K | 290 K |
EBITDA |
7.98 M | - | 21 M | 67 M | - | 10.8 M | 11.5 M | 11.2 M | - | 11 M | 11.4 M | 8.35 M | - | 5.71 M | 8.12 M | 7.49 M | - | 1.87 M | 4.62 M | 5.49 M | - | 3.59 M | 6.85 M | 6.44 M | - | 6.69 M | 4.77 M | 7.66 M | - | -6.5 M | 6.04 M | 15.6 M | - | 9.57 M | 13.3 M | 5.49 M | - | 15.2 M | 13.7 M | 11 M | - | 2.08 M | 7.98 M | 6.43 M | - | 7.96 M | 9.81 M | 8.26 M | - | -1.47 M | 4.21 M | 3.75 M | - | 4.55 M | 4.58 M | 4.06 M | - | 3.65 M | 3.21 M | 2.79 M |
General and Administrative Expenses |
46.1 M | - | 48.8 M | 53.5 M | - | 34.3 M | 36.5 M | 34.9 M | - | 30.4 M | 28.5 M | 27.2 M | - | 25.2 M | 23 M | 18.7 M | - | 20.9 M | 20.5 M | 19.5 M | - | 19 M | 18.4 M | 22 M | - | 21.8 M | 22.4 M | 21.3 M | - | 22.2 M | 22 M | 21.6 M | - | 22 M | 21.5 M | 23.3 M | - | 19.5 M | 20.1 M | 20.9 M | - | 18.1 M | 14.4 M | 13.7 M | - | 13 M | 11.7 M | 11.7 M | - | 9.35 M | 8.1 M | 6.59 M | - | 6.2 M | 6.19 M | 6.34 M | - | 6.27 M | 5.74 M | 5.95 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company CECO Environmental Corp. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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