CECO vs BW vs TMO Stock Comparison

Ceco Environmental, Babcock & Wilcox Enterprises and Thermo Fisher Scientific Prices as of Oct 26, 2026 Peers: Industry group
CECO Ceco Environmental Corp
$47.74 -35.0% 1M -8.5% 1Y
Market cap
$2.20B
P/E
–
Revenue (TTM)
$903.17M
Div. yield
–
Pollution Control Equipment Industrials
3 wins

Head to Head

10 decided of 12

Babcock & Wilcox Enterprises leads on 4 of the 12 questions below (Babcock & Wilcox Enterprises 4, Thermo Fisher Scientific 3, Ceco Environmental 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCECOBWTMOLeader
Larger companyMarket capitalisation $2.20B $646.89M $257.69B TMO
Cheaper on earningsLower P/E, profitable companies only -72.0x -19.5x 36.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.8x 29.7x 26.4x CECO
Faster revenue growthRevenue growth, trailing twelve months +37.6% +42.6% +8.3% BW
More profitableNet margin, trailing twelve months -3.4% -4.0% — CECO
Better return on capitalReturn on invested capital -0.3% 14.3% — BW
Less leveragedLower net debt / EBITDA 23.5x -2.8x — BW
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -8.5% +20.2% +19.6% BW
Better 5-year returnAnnualised price return, 5 years +47.7%/yr -8.3%/yr +2.3%/yr CECO
Less volatileAnnualised volatility, 1 year 67.4% 114.6% 29.9% TMO
Higher overall scoreMean of the five percentile scores vs peers 48/100 50/100 51/100 TMO

Percentile Scorecard

CECOBWTMO

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

AxisCECOBWTMO
Valuation 65 #8 of 21 62 #24 of 61 49 #116 of 228
Growth 28 #14 of 19 70 #18 of 58 40 #133 of 221
Profitability 56 #8 of 17 72 #16 of 55 70 #63 of 208
Financial Health 43 #13 of 22 37 #45 of 71 –
Shareholder Returns – 7 #27 of 29 44 #77 of 137
Overall 48 50 51
  • CECO ranked among 22 companies in Environmental Equipment
  • BW ranked among 71 companies in Clean Energy Equipment
  • TMO ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

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

Returns

PeriodCECOBWTMOSPY
1 month -35.0%-33.8%+1.7% -0.8%
3 months -35.3%-55.7%+22.4% +3.5%
6 months -26.5%-73.1%+46.3% +7.0%
Year to date -20.2%-34.4%+18.2% +12.2%
1 year -8.5%+20.2%+19.6% +13.0%
3 years +204.9%+77.0%+58.7% +86.3%
3 years, per year +45.0%+21.0%+16.7% +23.1%
5 years +602.1%-35.2%+11.8% +68.6%
5 years, per year +47.7%-8.3%+2.3% +11.0%
10 years +361.3%-97.3%+362.6% +258.0%
10 years, per year +16.5%-30.3%+16.6% +13.6%

Risk

MeasureCECOBWTMOSPY
Volatility, 1Y 67.4%114.6%29.9% 12.7%
Downside volatility, 1Y 72.4%103.5%28.3% 12.7%
Beta vs S&P 500, 1Y 1.953.310.62 1.00
Return / volatility, 1Y -0.130.180.66 1.02
Max drawdown, 5Y -52.1%-97.4%-41.5% -25.4%
From 52-week high -52.1%-81.0%-1.7% -1.8%
52-week high $99.67$21.85$696.55 $779.14
52-week low $47.44$3.16$438.34 $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.

MultipleCECOBWTMO
P/E now vs peer median -67.6xmedian 25.6x -17.8xmedian 25.4x 35.9xmedian 30.6x
P/S now vs peer median 2.3xmedian 2.5x 0.8xmedian 2.1x 5.3xmedian 3.0x
EV/EBITDA now vs peer median 96.4xmedian 19.1x 14.5xmedian 17.5x —median 17.5x
P/FCF now vs peer median -95.7xmedian 25.2x -10.7xmedian 27.3x 34.0xmedian 23.3x
P/B now vs peer median 1.0xmedian 2.0x 10.8xmedian 1.7x 4.6xmedian 2.4x
PEG now vs peer median 1.28median 1.54 -0.73median 0.77 4.74median 0.87

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 monthsCECOBWTMO
Revenue $903.17M $821.95M $47.35B
Gross profit $290.34M $160.14M –
Operating income -$5.38M $22.49M $8.47B
Net income -$28.18M -$18.35M $7.09B
Free cash flow -$21.60M -$58.17M –
R&D – – $1.40B
EPS (diluted) $-0.71 $-0.21 $19.06
Cash & equivalents $61.10M $308.63M $5.46B
Total debt $727.71M $209.43M –
Shares (diluted) 43.31M 154.51M 371.00M
Enterprise value $2.03B $117.87M $257.69B

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
MetricCECOBWTMO
P/E -67.6x -17.8x 35.9x
P/FCF -95.7x -10.7x 34.0x
P/Operating cash flow -287.1x -17.8x 27.2x
P/S 2.3x 0.8x 5.3x
P/B 1.0x 10.8x 4.6x
P/Tangible book 1.9x 14.1x 6.9x
EV/EBITDA 96.4x 14.5x –
EV/EBIT -508.7x 23.1x –
EV/Revenue 3.0x 0.6x 5.3x
EV/FCF -126.6x -8.9x –
EV/Operating cash flow -379.7x -15.0x 27.2x
PEG (3Y EPS CAGR) 1.28 -0.73 4.74

Growth

14 metrics
MetricCECOBWTMO
Revenue growth (1Y) 37.6% 42.6% 8.3%
Revenue CAGR (3Y) 24.6% 3.5% 2.9%
Gross profit growth (1Y) 25.6% 20.7% –
Gross profit CAGR (3Y) 26.1% -2.8% –
Operating income growth (1Y) -105.5% 879.4% 12.8%
Operating income CAGR (3Y) -30.3% 17.5% 7.2%
Net income growth (1Y) -152.2% 87.7% 7.9%
Net income CAGR (3Y) -53.8% 17.3% 6.2%
EPS growth (1Y) -149.3% 87.1% 9.7%
EPS CAGR (3Y) -52.7% 24.6% 7.6%
Operating cash flow growth (1Y) -196.9% 72.4% 21.9%
Operating cash flow CAGR (3Y) -29.1% -73.7% 4.5%
Free cash flow growth (1Y) -27.1% 57.3% –
Free cash flow CAGR (3Y) -36.0% -120.7% –

Profitability

14 metrics
MetricCECOBWTMO
Gross margin 32.1% 19.5% –
EBITDA margin 3.1% 4.4% –
Operating margin -0.6% 2.7% –
Pretax margin -3.9% -8.8% –
Net margin -3.4% -4.0% –
FCF margin -2.4% -7.1% –
Operating cash flow margin -0.8% -4.2% 19.7%
Return on equity -2.3% – 13.2%
Return on assets -1.2% -8.9% 6.2%
Return on invested capital -0.3% 14.3% –
Return on capital employed -0.3% 5.9% –
Asset turnover 0.4x 0.9x 0.4x
Cash conversion (OCF / net income) 0.3x 1.9x 1.3x
Stock comp / revenue 2.2% 2.0% –

Financial Health

11 metrics
MetricCECOBWTMO
Debt / assets 19.5% 21.0% –
Debt / equity 0.3x 3.7x –
Net debt / EBITDA 23.5x -2.8x –
Debt / FCF -33.7x -3.6x –
Liabilities / assets 44.3% 94.3% –
Equity / assets 55.7% 5.7% 47.9%
Interest coverage -0.2x 0.9x –
Current ratio 1.5x 1.5x 1.8x
Quick ratio 1.0x 1.1x –
Cash ratio 0.1x 0.6x –
Altman Z-score 1.10 -0.91 –

Shareholder Returns

7 metrics
MetricCECOBWTMO
Dividend yield – – 0.3%
Net buyback yield – -62.0% –
Shareholder yield 0.0% -62.0% 0.3%
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.

ConsensusCECOBWTMO
Forward P/E 19.8xFY2026 29.7xFY2026 26.4xFY2026
EPS, next fiscal year $2.41FY2026 $0.14FY2026 $25.91FY2026
EPS growth, next FY +167.8%FY2026 – +13.3%FY2026
EPS growth, the year after +27.4% +221.4% +2.0%
Revenue, next fiscal year $1.43BFY2026 $1.01BFY2026 $50.12BFY2026
Revenue growth, next FY +84.9%FY2026 +71.1%FY2026 +12.5%FY2026
Revenue growth, the year after +31.3% +35.9% -2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCECOBWTMO
Held by institutions 88.3% 88.0% 90.2%
Institutions holding 345 200 2,621
Change in shares held, QoQ +64.8% +24.0% +0.8%
Institutions buying 246 146 1,141
Institutions selling 71 41 1,144
Buyers to sellers 3.46 3.56 1.00

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.

CECOBWTMO
CECO 1.00 0.35 0.05
BW 0.35 1.00 0.04
TMO 0.05 0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CECO, BW and TMO?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Ceco Environmental (CECO) $2.20B, Babcock & Wilcox Enterprises (BW) $646.89M, Thermo Fisher Scientific (TMO) $257.69B.

Which company is growing faster?

Babcock & Wilcox Enterprises (BW) grew revenue fastest over the trailing twelve months: Ceco Environmental (CECO) +37.6%, Babcock & Wilcox Enterprises (BW) +42.6%, Thermo Fisher Scientific (TMO) +8.3%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Babcock & Wilcox Enterprises (BW) returned the most: Ceco Environmental (CECO) -8.5%, Babcock & Wilcox Enterprises (BW) +20.2%, Thermo Fisher Scientific (TMO) +19.6%. Over five years, Ceco Environmental (CECO) compounded fastest (Ceco Environmental (CECO) +47.7%/yr, Babcock & Wilcox Enterprises (BW) -8.3%/yr, Thermo Fisher Scientific (TMO) +2.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Thermo Fisher Scientific (TMO) has been the steadiest (Ceco Environmental (CECO) 67.4%, Babcock & Wilcox Enterprises (BW) 114.6%, Thermo Fisher Scientific (TMO) 29.9%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Babcock & Wilcox Enterprises (BW) leads on 4. 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.