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Ceco Environmental vs Fuel Tech: CECO and FTEK compared
Ceco Environmental is the larger company: $285M of revenue in its latest quarter (Q2 2026) against $8.7M for Fuel Tech (Q3 2026). Ceco Environmental is growing faster (+54% against +16% a year earlier). Fuel Tech is more profitable, with an operating margin of -6.0% against -11.6%.
Where the money goes: CECO and FTEK
Ceco Environmental (CECO) · Q2 2026
Ceco Environmental, Q2 2026: revenue $285M (+54% year over year), operating margin -11.6%, net loss $34.5M, operating cash flow −$19.3M. The chart follows the revenue to costs, profit and cash.
Fuel Tech (FTEK) · Q3 2026
Fuel Tech, Q3 2026: revenue $8.7M (+16% year over year), operating margin -6.0%, net loss $267K, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Ceco Environmental (CECO) | Fuel Tech (FTEK) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $285M | $8.7M |
| Revenue growth, Y/Y | +54% | +16% |
| Operating margin | -11.6% | -6.0% |
| Net earnings | −$34.5M | −$267K |
| Net margin | -12.1% | -3.1% |
| Operating cash flow | −$19.3M | −$1.7M |
Where the revenue comes from
Fuel Tech
- FUEL CHEM: $4.9M (57%)
- Air Pollution Control: $3.7M (43%)
Questions
Which is bigger, Ceco Environmental or Fuel Tech?
Ceco Environmental is the larger company: $285M of revenue in its latest quarter (Q2 2026) against $8.7M for Fuel Tech (Q3 2026).
Is Ceco Environmental or Fuel Tech growing faster?
Ceco Environmental is growing faster (+54% against +16% a year earlier).
Which is more profitable, Ceco Environmental or Fuel Tech?
Fuel Tech is more profitable, with an operating margin of -6.0% against -11.6%.
More: Ceco Environmental earnings · how Ceco Environmental makes money · Fuel Tech earnings · how Fuel Tech makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.