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Ceco Environmental (CECO) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Ceco Environmental (CECO) Q2 2026 earnings results →
Q2 2026 Revenue up 54% year over year to $285M · 12¢ of every $1 of revenue lost · operating margin -11.6%
Ceco Environmental made $285M in Q2 2026 (+54% Y/Y). Operating margin -11.6%, net loss $34.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
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Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $285.0M in Q2 2026, up 54% year over year and up 38% from the previous quarter.
Gross margin was 30.3%, down 5.9 points from Q2 2025. Operating costs exceeded revenue by $33.2M, an operating margin of -11.6%. Operating expenses grew 144% against revenue growth of 54%. The fastest-growing cost line was Other operating costs (+24036%). The quarter ended with a net loss of $34.5M, wider than the previous quarter's $248K loss.
Operating cash flow was −$19.3M. Non-cash charges added back $12.4M of share-based compensation. Working capital and other items added $2.8M. Capital expenditures of $4.9M exceeded it, leaving free cash flow of −$24.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $285M | +54% | -11.6% | −$34.5M | −$19.3M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $206M | +16% | 0.9% | −$248K | −$13.1M |
| Q4 2025 | 10-K | Mar 2, 2026 | $215M | +35% | 7.7% | $3.1M | $10.0M |
| Q3 2025 | 10-Q | Oct 28, 2025 | $198M | +46% | 4.8% | $1.5M | $15.3M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $185M | +35% | 9.7% | $9.5M | −$7.7M |
| Q1 2025 | 10-Q | Apr 29, 2025 | $177M | +40% | 35.0% | $36.0M | −$11.7M |
| Q4 2024 | 10-K | Feb 25, 2025 | $159M | +3% | 7.1% | $4.9M | $1.8M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Ceco Environmental
CECO Environmental is a leading environmentally focused, diversified industrial company, serving the broad landscape of industrial air, industrial water and energy transition markets globally providing innovative solutions and application expertise. CECO helps companies grow their businesses with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment. CECO solutions improve air and water quality, optimize emissions management, and increase energy efficiency for highly-engineered applications in power generation, midstream and downstream hydrocarbon processing and transport, electric vehicle production, polysilicon fabrication, semiconductor and electronics, battery production and recycling, specialty metals and steel production, beverage can production, and water/wastewater treatment and a wide range of other industrial end markets.
In its own words, from its 8-K, filed Aug 10, 2026.
Ceco Environmental against its Industrial & Commercial Fans & Blowers & Air Purifing Equip peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +54% against the peers' median +24%. Operating margin: -11.6% against the peers' median 7.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CECO Ceco Environmental | Q2 2026 | $285M | +54% | -11.6% |
| MAIR Madison Air Solutions | Q3 2026 | $1.1B | +25% | 19.1% |
| DCI Donaldson | Q4 FY26 | $1.1B | +8% | 16.7% |
| PPIH Perma-Pipe International Holdings | Q2 FY27 | $59.6M | +24% | 7.1% |
| FTEK Fuel Tech | Q3 2026 | $8.7M | +16% | -6.0% |
Source: Ceco Environmental 10-Q on SEC EDGAR · CIK 3197 · Industrial & Commercial Fans & Blowers & Air Purifing Equip
13F: who owns CECO and who is buying
More on CECO
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results