BW vs CECO vs SCWO Stock Comparison

Babcock & Wilcox Enterprises, Ceco Environmental and 374Water Prices as of Oct 23, 2026 Peers: Industry group
CECO Ceco Environmental Corp
$48.77 -35.0% 1M -4.1% 1Y
Market cap
$2.09B
P/E
–
Revenue (TTM)
$903.17M
Div. yield
–
Pollution Control Equipment Industrials
5 wins
SCWO 374Water Inc.
$2.35 -23.5% 1M -51.8% 1Y
Market cap
$31.12M
P/E
–
Revenue (TTM)
$1.93M
Div. yield
–
Pollution Control Equipment Industrials
1 win

Head to Head

10 decided of 12

Ceco Environmental leads on 5 of the 12 questions below (Ceco Environmental 5, Babcock & Wilcox Enterprises 4, 374Water 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBWCECOSCWOLeader
Larger companyMarket capitalisation $588.54M $2.09B $31.12M CECO
Cheaper on earningsLower P/E, profitable companies only -17.7x -68.3x -1.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.6x 20.2x — CECO
Faster revenue growthRevenue growth, trailing twelve months +42.6% +37.6% +57.1% SCWO
More profitableNet margin, trailing twelve months -4.0% -3.4% -1,032.7% CECO
Better return on capitalReturn on invested capital 14.3% -0.3% — BW
Less leveragedLower net debt / EBITDA -2.8x 23.5x 0.1x BW
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +20.7% -4.1% -51.8% BW
Better 5-year returnAnnualised price return, 5 years -8.6%/yr +48.1%/yr -38.3%/yr CECO
Less volatileAnnualised volatility, 1 year 114.6% 67.3% 105.0% CECO
Higher overall scoreMean of the five percentile scores vs peers 50/100 49/100 14/100 BW

Percentile Scorecard

BWCECOSCWO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBWCECOSCWO
Valuation 62 #24 of 61 70 #7 of 21 0 #21 of 21
Growth 70 #18 of 58 28 #14 of 19 17 #16 of 19
Profitability 72 #16 of 55 56 #8 of 17 0 #17 of 17
Financial Health 37 #45 of 71 43 #13 of 22 38 #14 of 22
Shareholder Returns 10 #28 of 31 – –
Overall 50 49 14
  • BW ranked among 71 companies in Clean Energy Equipment
  • CECO ranked among 22 companies in Environmental Equipment
  • SCWO ranked among 22 companies in Environmental Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBWCECOSCWOSPY
1 month -37.7%-35.0%-23.5% -1.0%
3 months -56.9%-35.5%+8.8% +2.9%
6 months -71.4%-24.8%-20.9% +6.4%
Year to date -34.7%-18.5%+15.2% +11.4%
1 year +20.7%-4.1%-51.8% +13.1%
3 years +69.0%+214.0%-86.8% +79.4%
3 years, per year +19.1%+46.5%-49.1% +21.5%
5 years -36.3%+612.0%-91.0% +67.7%
5 years, per year -8.6%+48.1%-38.3% +10.9%
10 years -97.4%+364.0%— +255.2%
10 years, per year -30.5%+16.6%— +13.5%

Risk

MeasureBWCECOSCWOSPY
Volatility, 1Y 114.6%67.3%105.0% 12.7%
Downside volatility, 1Y 103.4%72.6%112.3% 12.7%
Beta vs S&P 500, 1Y 3.231.972.05 1.00
Return / volatility, 1Y 0.18-0.06-0.49 1.03
Max drawdown, 5Y -97.4%-51.1%-96.4% -25.4%
From 52-week high -81.1%-51.1%-51.8% -2.5%
52-week high $21.85$99.67$4.87 $779.14
52-week low $3.16$47.44$1.76 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBWCECOSCWO
P/E now vs peer median -17.7xmedian 24.1x -69.0xmedian 25.9x -1.6xmedian 25.9x
P/S now vs peer median 0.8xmedian 2.2x 2.3xmedian 2.5x 16.2xmedian 2.5x
EV/EBITDA now vs peer median 14.4xmedian 17.4x 98.0xmedian 19.3x -1.6xmedian 19.3x
P/FCF now vs peer median -10.6xmedian 27.4x -97.8xmedian 25.4x —median 25.4x
P/B now vs peer median 10.7xmedian 1.8x 1.0xmedian 2.0x 10.5xmedian 2.0x
PEG now vs peer median -0.72median 0.76 1.31median 1.53 —median 1.53

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBWCECOSCWO
Revenue $821.95M $903.17M $1.93M
Gross profit $160.14M $290.34M -$506.69K
Operating income $22.49M -$5.38M -$18.98M
Net income -$18.35M -$28.18M -$19.97M
Free cash flow -$58.17M -$21.60M –
R&D – – $2.28M
EPS (diluted) $-0.21 $-0.71 $-1.13
Cash & equivalents $308.63M $61.10M $1.78M
Total debt $209.43M $1.41B $1.39M
Shares (diluted) 154.51M 43.31M 17.61M
Enterprise value $59.51M $1.92B $23.06M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBWCECOSCWO
P/E -17.7x -69.0x -1.6x
P/FCF -10.6x -97.8x –
P/Operating cash flow -17.8x -293.3x –
P/S 0.8x 2.3x 16.2x
P/B 10.7x 1.0x 10.5x
P/Tangible book 14.0x 2.0x 15.0x
EV/EBITDA 14.4x 98.0x -1.6x
EV/EBIT 23.0x -517.0x -1.6x
EV/Revenue 0.6x 3.1x 15.3x
EV/FCF -8.9x -128.7x –
EV/Operating cash flow -14.9x -385.8x –
PEG (3Y EPS CAGR) -0.72 1.31 –

Growth

14 metrics
MetricBWCECOSCWO
Revenue growth (1Y) 42.6% 37.6% 57.1%
Revenue CAGR (3Y) 3.5% 24.6% -9.0%
Gross profit growth (1Y) 20.7% 25.6% 31.7%
Gross profit CAGR (3Y) -2.8% 26.1% -57.2%
Operating income growth (1Y) 879.4% -105.5% -18.6%
Operating income CAGR (3Y) 17.5% -30.3% -45.9%
Net income growth (1Y) 87.7% -152.2% -26.8%
Net income CAGR (3Y) 17.3% -53.8% -97.7%
EPS growth (1Y) 87.1% -149.3% -4.4%
EPS CAGR (3Y) 24.6% -52.7% –
Operating cash flow growth (1Y) 72.4% -196.9% –
Operating cash flow CAGR (3Y) -73.7% -29.1% –
Free cash flow growth (1Y) 57.3% -27.1% –
Free cash flow CAGR (3Y) -120.7% -36.0% –

Profitability

14 metrics
MetricBWCECOSCWO
Gross margin 19.5% 32.1% -26.2%
EBITDA margin 4.4% 3.1% -940.2%
Operating margin 2.7% -0.6% -981.6%
Pretax margin -8.8% -3.9% -1,033%
Net margin -4.0% -3.4% -1,033%
FCF margin -7.1% -2.4% –
Operating cash flow margin -4.2% -0.8% –
Return on equity – -2.3% -411.3%
Return on assets -8.9% -1.2% -163.7%
Return on invested capital 14.3% -0.3% –
Return on capital employed 5.9% -0.3% -220.5%
Asset turnover 0.9x 0.4x 0.2x
Cash conversion (OCF / net income) 1.9x 0.3x –
Stock comp / revenue 2.0% 2.2% 178.2%

Financial Health

11 metrics
MetricBWCECOSCWO
Debt / assets 21.0% 19.5% 0.6%
Debt / equity 3.7x 0.3x 0.0x
Net debt / EBITDA -2.8x 23.5x 0.1x
Debt / FCF -3.6x -33.7x –
Liabilities / assets 94.3% 44.3% 77.0%
Equity / assets 5.7% 55.7% 23.0%
Interest coverage 0.9x -0.2x -83.5x
Current ratio 1.5x 1.5x 1.7x
Quick ratio 1.1x 1.0x 1.1x
Cash ratio 0.6x 0.1x 0.5x
Altman Z-score -0.92 1.12 -8.73

Shareholder Returns

7 metrics
MetricBWCECOSCWO
Dividend yield – – –
Net buyback yield -62.3% – –
Shareholder yield -62.3% 0.0% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBWCECOSCWO
Forward P/E 29.6xFY2026 20.2xFY2026 –
EPS, next fiscal year $0.14FY2026 $2.41FY2026 $-0.42FY2026
EPS growth, next FY – +167.8%FY2026 –
EPS growth, the year after +221.4% +27.4% –
Revenue, next fiscal year $1.01BFY2026 $1.43BFY2026 $53.12MFY2026
Revenue growth, next FY +71.1%FY2026 +84.9%FY2026 +24,601.4%FY2026
Revenue growth, the year after +35.9% +31.3% +5.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBWCECOSCWO
Held by institutions 88.0% 88.3% –
Institutions holding 200 345 –
Change in shares held, QoQ +24.0% +64.8% –
Institutions buying 146 246 –
Institutions selling 41 71 –
Buyers to sellers 3.56 3.46 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BWCECOSCWO
BW 1.00 0.35 0.19
CECO 0.35 1.00 0.09
SCWO 0.19 0.09 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BW, CECO and SCWO?

Ceco Environmental (CECO) is the largest by market capitalisation: Babcock & Wilcox Enterprises (BW) $588.54M, Ceco Environmental (CECO) $2.09B, 374Water (SCWO) $31.12M.

Which company is growing faster?

374Water (SCWO) grew revenue fastest over the trailing twelve months: Babcock & Wilcox Enterprises (BW) +42.6%, Ceco Environmental (CECO) +37.6%, 374Water (SCWO) +57.1%.

Which company is more profitable?

Ceco Environmental (CECO) has the highest net margin (Babcock & Wilcox Enterprises (BW) -4.0%, Ceco Environmental (CECO) -3.4%, 374Water (SCWO) -1,032.7%). On return on invested capital, Babcock & Wilcox Enterprises (BW) leads (Babcock & Wilcox Enterprises (BW) 14.3%, Ceco Environmental (CECO) -0.3%).

Which stock has performed better?

Over the past year Babcock & Wilcox Enterprises (BW) returned the most: Babcock & Wilcox Enterprises (BW) +20.7%, Ceco Environmental (CECO) -4.1%, 374Water (SCWO) -51.8%. Over five years, Ceco Environmental (CECO) compounded fastest (Babcock & Wilcox Enterprises (BW) -8.6%/yr, Ceco Environmental (CECO) +48.1%/yr, 374Water (SCWO) -38.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ceco Environmental (CECO) has been the steadiest (Babcock & Wilcox Enterprises (BW) 114.6%, Ceco Environmental (CECO) 67.3%, 374Water (SCWO) 105.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BW, CECO and SCWO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ceco Environmental (CECO) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.