CECO Environmental Corp. (CECO) - Net Assets
Based on the latest financial reports, CECO Environmental Corp. (CECO) has net assets worth $323.18 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($893.77 Million) and total liabilities ($570.59 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CECO cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $323.18 Million |
| % of Total Assets | 36.16% |
| Annual Growth Rate | 19.69% |
| 5-Year Change | 56.92% |
| 10-Year Change | 70.02% |
| Growth Volatility | 106.11 |
CECO Environmental Corp. - Net Assets Trend (1989–2025)
This chart illustrates how CECO Environmental Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is CECO Environmental Corp.'s balance sheet for the complete picture of this company's asset base.
Annual Net Assets for CECO Environmental Corp. (1989–2025)
The table below shows the annual net assets of CECO Environmental Corp. from 1989 to 2025. For live valuation and market cap data, see CECO Environmental Corp. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $323.18 Million | +28.30% |
| 2024-12-31 | $251.89 Million | +6.06% |
| 2023-12-31 | $237.49 Million | +8.87% |
| 2022-12-31 | $218.15 Million | +5.92% |
| 2021-12-31 | $205.96 Million | +1.15% |
| 2020-12-31 | $203.61 Million | +5.49% |
| 2019-12-31 | $193.02 Million | +8.10% |
| 2018-12-31 | $178.56 Million | -4.29% |
| 2017-12-31 | $186.57 Million | -1.85% |
| 2016-12-31 | $190.08 Million | -22.42% |
| 2015-12-31 | $245.02 Million | +36.20% |
| 2014-12-31 | $179.90 Million | +5.57% |
| 2013-12-31 | $170.41 Million | +174.87% |
| 2012-12-31 | $61.99 Million | +44.21% |
| 2011-12-31 | $42.99 Million | +22.22% |
| 2010-12-31 | $35.17 Million | +10.75% |
| 2009-12-31 | $31.76 Million | -28.65% |
| 2008-12-31 | $44.51 Million | +8.76% |
| 2007-12-31 | $40.93 Million | +174.25% |
| 2006-12-31 | $14.92 Million | +120.01% |
| 2005-12-31 | $6.78 Million | -6.43% |
| 2004-12-31 | $7.25 Million | -21.51% |
| 2003-12-31 | $9.24 Million | -1.86% |
| 2002-12-31 | $9.41 Million | -4.17% |
| 2001-12-31 | $9.82 Million | +38.95% |
| 2000-12-31 | $7.07 Million | -22.64% |
| 1999-12-31 | $9.14 Million | +18.55% |
| 1998-12-31 | $7.71 Million | +10.25% |
| 1997-12-31 | $6.99 Million | +15.14% |
| 1996-12-31 | $6.07 Million | +17.52% |
| 1995-12-31 | $5.17 Million | +84.52% |
| 1994-12-31 | $2.80 Million | +16.67% |
| 1993-12-31 | $2.40 Million | -14.29% |
| 1992-12-31 | $2.80 Million | +600.00% |
| 1991-12-31 | $400.00K | 0.00% |
| 1990-12-31 | $400.00K | -20.00% |
| 1989-12-31 | $500.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to CECO Environmental Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3944.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $56.62 Million | 17.83% |
| Common Stock | $355.00K | 0.11% |
| Other Comprehensive Income | $-8.90 Million | -2.80% |
| Other Components | $269.45 Million | 84.86% |
| Total Equity | $317.53 Million | 100.00% |
CECO Environmental Corp. Competitors by Market Cap
The table below lists competitors of CECO Environmental Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiamen ITG Group Corp Ltd
SHG:600755
|
$1.94 Billion |
|
Bukit Asam Tbk PT
JK:PTBA
|
$1.94 Billion |
|
Stewart Information Services Corp
NYSE:STC
|
$1.94 Billion |
|
E-Mart
KO:139480
|
$1.94 Billion |
|
Dalian Huarui Heavy Industry Group Co Ltd
SHE:002204
|
$1.94 Billion |
|
Parex Resources Inc
TO:PXT
|
$1.94 Billion |
|
MCC Meili Paper Industry Co Ltd
SHE:000815
|
$1.94 Billion |
|
G2 Goldfields Inc.
TO:GTWO
|
$1.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CECO Environmental Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 247,689,000 to 317,528,000, a change of 69,839,000 (28.2%).
- Net income of 50,051,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 5,540,000.
- Other factors increased equity by 14,248,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $50.05 Million | +15.76% |
| Other Comprehensive Income | $5.54 Million | +1.74% |
| Other Changes | $14.25 Million | +4.49% |
| Total Change | $- | 28.20% |
Book Value vs Market Value Analysis
This analysis compares CECO Environmental Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.57x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1365.04x to 8.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $0.05 | $74.30 | x |
| 1990-12-31 | $0.20 | $74.30 | x |
| 1991-12-31 | $0.06 | $74.30 | x |
| 1992-12-31 | $0.47 | $74.30 | x |
| 1993-12-31 | $0.33 | $74.30 | x |
| 1994-12-31 | $0.32 | $74.30 | x |
| 1995-12-31 | $0.69 | $74.30 | x |
| 1996-12-31 | $0.73 | $74.30 | x |
| 1997-12-31 | $0.85 | $74.30 | x |
| 1998-12-31 | $0.87 | $74.30 | x |
| 1999-12-31 | $0.97 | $74.30 | x |
| 2000-12-31 | $0.84 | $74.30 | x |
| 2001-12-31 | $1.24 | $74.30 | x |
| 2002-12-31 | $0.98 | $74.30 | x |
| 2003-12-31 | $0.94 | $74.30 | x |
| 2004-12-31 | $0.73 | $74.30 | x |
| 2005-12-31 | $0.68 | $74.30 | x |
| 2006-12-31 | $1.16 | $74.30 | x |
| 2007-12-31 | $2.91 | $74.30 | x |
| 2008-12-31 | $2.89 | $74.30 | x |
| 2009-12-31 | $2.23 | $74.30 | x |
| 2010-12-31 | $2.06 | $74.30 | x |
| 2011-12-31 | $2.51 | $74.30 | x |
| 2012-12-31 | $3.59 | $74.30 | x |
| 2013-12-31 | $8.22 | $74.30 | x |
| 2014-12-31 | $6.87 | $74.30 | x |
| 2015-12-31 | $8.31 | $74.30 | x |
| 2016-12-31 | $5.59 | $74.30 | x |
| 2017-12-31 | $5.42 | $74.30 | x |
| 2018-12-31 | $5.14 | $74.30 | x |
| 2019-12-31 | $5.44 | $74.30 | x |
| 2020-12-31 | $5.71 | $74.30 | x |
| 2021-12-31 | $5.75 | $74.30 | x |
| 2022-12-31 | $6.09 | $74.30 | x |
| 2023-12-31 | $6.58 | $74.30 | x |
| 2024-12-31 | $6.94 | $74.30 | x |
| 2025-12-31 | $8.67 | $74.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CECO Environmental Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.46%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 2.81x
- Recent ROE (15.76%) is above the historical average (-2.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -80.00% | -57.14% | 0.39x | 3.60x | $-450.00K |
| 1990 | -25.00% | -100.00% | 0.08x | 3.25x | $-140.00K |
| 1991 | -25.00% | -100.00% | 0.08x | 3.25x | $-140.00K |
| 1992 | -4.76% | -2.50% | 0.66x | 2.90x | $-310.00K |
| 1993 | -10.53% | -3.85% | 0.85x | 3.21x | $-390.00K |
| 1994 | 9.09% | 2.74% | 1.43x | 2.32x | $-20.00K |
| 1995 | -1.12% | -0.58% | 0.98x | 1.99x | $-482.90K |
| 1996 | 5.89% | 3.06% | 1.07x | 1.80x | $-209.68K |
| 1997 | -0.80% | -0.37% | 1.04x | 2.07x | $-728.03K |
| 1998 | 7.05% | 2.02% | 1.70x | 2.05x | $-222.80K |
| 1999 | -4.05% | -1.53% | 0.47x | 5.65x | $-1.27 Million |
| 2000 | -9.84% | -0.77% | 1.61x | 7.98x | $-1.39 Million |
| 2001 | -2.69% | -0.29% | 1.72x | 5.40x | $-1.25 Million |
| 2002 | -1.31% | -0.16% | 1.69x | 4.96x | $-1.06 Million |
| 2003 | -1.80% | -0.24% | 1.60x | 4.67x | $-1.09 Million |
| 2004 | -12.80% | -1.34% | 1.60x | 5.99x | $-1.65 Million |
| 2005 | -6.41% | -0.53% | 1.90x | 6.32x | $-1.11 Million |
| 2006 | 20.73% | 2.29% | 2.14x | 4.23x | $1.60 Million |
| 2007 | 15.41% | 2.67% | 2.44x | 2.36x | $2.21 Million |
| 2008 | 11.26% | 2.30% | 1.82x | 2.70x | $558.70K |
| 2009 | -47.33% | -10.82% | 1.79x | 2.44x | $-18.21 Million |
| 2010 | 5.98% | 1.50% | 1.88x | 2.13x | $-1.41 Million |
| 2011 | 19.24% | 5.94% | 1.75x | 1.85x | $3.97 Million |
| 2012 | 17.50% | 8.03% | 1.44x | 1.52x | $4.65 Million |
| 2013 | 3.85% | 3.32% | 0.57x | 2.05x | $-10.48 Million |
| 2014 | 7.27% | 4.97% | 0.64x | 2.30x | $-4.91 Million |
| 2015 | -2.34% | -1.51% | 0.62x | 2.48x | $-29.52 Million |
| 2016 | -20.11% | -9.16% | 0.84x | 2.62x | $-57.23 Million |
| 2017 | -1.62% | -0.88% | 0.79x | 2.35x | $-21.69 Million |
| 2018 | -3.99% | -2.11% | 0.86x | 2.20x | $-24.98 Million |
| 2019 | 9.17% | 5.18% | 0.82x | 2.15x | $-1.59 Million |
| 2020 | 4.05% | 2.60% | 0.74x | 2.12x | $-12.05 Million |
| 2021 | 0.70% | 0.44% | 0.78x | 2.03x | $-19.03 Million |
| 2022 | 8.17% | 4.12% | 0.84x | 2.37x | $-3.91 Million |
| 2023 | 5.55% | 2.37% | 0.91x | 2.58x | $-10.35 Million |
| 2024 | 5.23% | 2.32% | 0.73x | 3.07x | $-11.81 Million |
| 2025 | 15.76% | 6.46% | 0.87x | 2.81x | $18.30 Million |
Industry Comparison
This section compares CECO Environmental Corp.'s net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $72,703,936
- Average return on equity (ROE) among peers: -95.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CECO Environmental Corp. (CECO) | $323.18 Million | -80.00% | 1.77x | $1.94 Billion |
| Arq Inc (ARQ) | $76.17 Million | 126.79% | 0.41x | $70.02 Million |
| ClearSign Combustion Corporation (CLIR) | $8.28 Million | -95.27% | 0.13x | $27.69 Million |
| Euro Tech Holdings Company Ltd (CLWT) | $17.82 Million | 0.92% | 0.33x | $9.01 Million |
| DevvStream Corp. Common Stock (DEVS) | $-7.56 Million | 0.00% | 0.00x | $1.36 Million |
| Energy Recovery Inc (ERII) | $86.92 Million | -3.57% | 0.18x | $584.81 Million |
| Federal Signal Corporation (FSS) | $445.30 Million | 12.33% | 1.64x | $6.65 Billion |
| Fuel Tech Inc (FTEK) | $9.90 Million | -24.24% | 0.07x | $39.61 Million |
| LiqTech International Inc (LIQT) | $15.13 Million | -31.89% | 0.34x | $17.42 Million |
| Purecycle Technologies Holdings Corp (PCT) | $2.38 Million | -840.09% | 12.98x | $1.42 Billion |
About CECO Environmental Corp.
CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions in the United States, the United Kingdom, the Netherlands, China, and internationally. It operates through Engineered Systems and Industrial Process Solutions segments. The company offers emissions management, fluid bed cyclones, thermal acoustics, and separa… Read more