CECO vs GENC vs LECO Stock Comparison

Ceco Environmental, Gencor Industries and Lincoln Electric Holdings Prices as of Oct 26, 2026 Peers: Industry group
CECO Ceco Environmental Corp
$47.74 -35.0% 1M -8.5% 1Y
Market cap
$2.07B
P/E
–
Revenue (TTM)
$903.17M
Div. yield
–
Pollution Control Equipment Industrials
2 wins
GENC Gencor Industries Inc
$17.23 -1.2% 1M +18.5% 1Y
Market cap
$254.76M
P/E
17.1x
Revenue (TTM)
$110.01M
Div. yield
–
Heavy Equipment Industrials
5 wins

Head to Head

11 decided of 12

Gencor Industries leads on 5 of the 12 questions below (Gencor Industries 5, Lincoln Electric Holdings 4, Ceco Environmental 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCECOGENCLECOLeader
Larger companyMarket capitalisation $2.07B $254.76M $14.98B LECO
Cheaper on earningsLower P/E, profitable companies only -67.7x 17.1x 27.1x GENC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.8x 15.2x 22.3x GENC
Faster revenue growthRevenue growth, trailing twelve months +37.6% -6.4% +9.3% CECO
More profitableNet margin, trailing twelve months -3.4% 13.5% 12.4% GENC
Better return on capitalReturn on invested capital -0.3% — 21.4% LECO
Less leveragedLower net debt / EBITDA 23.5x — 1.0x LECO
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months -8.5% +18.5% +7.0% GENC
Better 5-year returnAnnualised price return, 5 years +47.7%/yr +9.3%/yr +12.4%/yr CECO
Less volatileAnnualised volatility, 1 year 67.4% 38.4% 29.6% LECO
Higher overall scoreMean of the five percentile scores vs peers 48/100 61/100 58/100 GENC

Percentile Scorecard

CECOGENCLECO

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

AxisCECOGENCLECO
Valuation 65 #8 of 21 65 #72 of 203 39 #124 of 203
Growth 28 #14 of 19 42 #109 of 187 51 #93 of 187
Profitability 56 #8 of 17 37 #117 of 185 95 #10 of 185
Financial Health 43 #13 of 22 100 #1 of 219 46 #118 of 219
Shareholder Returns – – 57 #67 of 153
Overall 48 61 58
  • CECO ranked among 22 companies in Environmental Equipment
  • GENC ranked among 222 companies in Machinery
  • LECO ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodCECOGENCLECOSPY
1 month -35.0%-1.2%-4.8% -0.8%
3 months -35.3%+15.3%+0.7% +3.5%
6 months -26.5%+15.8%-1.0% +7.0%
Year to date -20.2%+32.9%+7.9% +12.2%
1 year -8.5%+18.5%+7.0% +13.0%
3 years +204.9%+23.3%+49.8% +86.3%
3 years, per year +45.0%+7.2%+14.4% +23.1%
5 years +602.1%+56.2%+79.7% +68.6%
5 years, per year +47.7%+9.3%+12.4% +11.0%
10 years +361.3%+47.3%+293.7% +258.0%
10 years, per year +16.5%+3.9%+14.7% +13.6%

Risk

MeasureCECOGENCLECOSPY
Volatility, 1Y 67.4%38.4%29.6% 12.7%
Downside volatility, 1Y 72.4%30.1%31.2% 12.7%
Beta vs S&P 500, 1Y 1.950.851.16 1.00
Return / volatility, 1Y -0.130.480.24 1.02
Max drawdown, 5Y -52.1%-55.7%-35.3% -25.4%
From 52-week high -52.1%-14.4%-13.5% -1.8%
52-week high $99.67$20.14$298.88 $779.14
52-week low $47.44$12.23$220.64 $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.

MultipleCECOGENCLECO
P/E now vs peer median -67.6xmedian 25.6x 17.0xmedian 26.0x 25.5xmedian 26.0x
P/S now vs peer median 2.3xmedian 2.5x 1.9xmedian 1.9x 3.1xmedian 1.9x
EV/EBITDA now vs peer median 96.4xmedian 19.1x 3.2xmedian 14.0x 17.2xmedian 14.0x
P/FCF now vs peer median -95.7xmedian 25.2x -131.6xmedian 21.4x 26.0xmedian 21.4x
P/B now vs peer median 1.0xmedian 2.0x 0.9xmedian 2.2x 9.1xmedian 2.2x
PEG now vs peer median 1.28median 1.54 2.31median 1.26 3.63median 1.26

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 monthsCECOGENCLECO
Revenue $903.17M $110.01M $4.48B
Gross profit $290.34M $31.45M $1.61B
Operating income -$5.38M $12.92M $767.80M
Net income -$28.18M $14.89M $553.55M
Free cash flow -$21.60M -$1.62M $542.40M
R&D – $2.73M –
EPS (diluted) $-0.71 $1.02 $10.05
Cash & equivalents $61.10M $26.26M $242.44M
Total debt $727.71M – $1.15B
Shares (diluted) 43.31M 14.66M 55.10M
Enterprise value $1.90B -$348.58M $13.83B

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
MetricCECOGENCLECO
P/E -67.6x 17.0x 25.5x
P/FCF -95.7x -131.6x 26.0x
P/Operating cash flow -287.1x 194.3x 20.5x
P/S 2.3x 1.9x 3.1x
P/B 1.0x 0.9x 9.1x
P/Tangible book 1.9x 0.9x 9.1x
EV/EBITDA 96.4x 3.2x 17.2x
EV/EBIT -508.7x 3.7x 19.5x
EV/Revenue 3.0x 0.4x 3.3x
EV/FCF -126.6x -30.0x 27.7x
EV/Operating cash flow -379.7x 44.3x 21.8x
PEG (3Y EPS CAGR) 1.28 2.31 3.63

Growth

14 metrics
MetricCECOGENCLECO
Revenue growth (1Y) 37.6% -6.4% 9.3%
Revenue CAGR (3Y) 24.6% 0.8% 4.2%
Gross profit growth (1Y) 25.6% -3.3% 8.0%
Gross profit CAGR (3Y) 26.1% 4.7% 6.2%
Operating income growth (1Y) -105.5% -16.6% 13.0%
Operating income CAGR (3Y) -30.3% 2.8% 7.0%
Net income growth (1Y) -152.2% -2.0% 10.1%
Net income CAGR (3Y) -53.8% 7.3% 5.0%
EPS growth (1Y) -149.3% -2.0% 11.8%
EPS CAGR (3Y) -52.7% 7.3% 7.0%
Operating cash flow growth (1Y) -196.9% 796.7% 10.1%
Operating cash flow CAGR (3Y) -29.1% 28.4% 6.8%
Free cash flow growth (1Y) -27.1% -78.4% 7.4%
Free cash flow CAGR (3Y) -36.0% 50.4% 3.7%

Profitability

14 metrics
MetricCECOGENCLECO
Gross margin 32.1% 28.6% 36.0%
EBITDA margin 3.1% 13.7% 19.4%
Operating margin -0.6% 11.7% 17.1%
Pretax margin -3.9% 17.0% 16.1%
Net margin -3.4% 13.5% 12.4%
FCF margin -2.4% -1.5% 12.1%
Operating cash flow margin -0.8% 1.0% 15.3%
Return on equity -2.3% 6.7% 36.1%
Return on assets -1.2% 6.3% 14.4%
Return on invested capital -0.3% – 21.4%
Return on capital employed -0.3% 5.7% 25.9%
Asset turnover 0.4x 0.5x 1.2x
Cash conversion (OCF / net income) 0.3x 0.1x 1.2x
Stock comp / revenue 2.2% – 0.5%

Financial Health

11 metrics
MetricCECOGENCLECO
Debt / assets 19.5% – 30.2%
Debt / equity 0.3x – 0.7x
Net debt / EBITDA 23.5x – 1.0x
Debt / FCF -33.7x – 2.1x
Liabilities / assets 44.3% 5.9% 59.2%
Equity / assets 55.7% 94.1% 40.8%
Interest coverage -0.2x – –
Current ratio 1.5x 19.2x 2.0x
Quick ratio 1.0x 14.9x 1.0x
Cash ratio 0.1x 14.1x 0.3x
Altman Z-score 1.10 11.91 7.53

Shareholder Returns

7 metrics
MetricCECOGENCLECO
Dividend yield – – 1.2%
Net buyback yield – – 1.6%
Shareholder yield 0.0% – 2.8%
Payout ratio (earnings) – – 30.9%
Payout ratio (FCF) – – 31.5%
Dividend growth (1Y) – – 3.3%
Dividend CAGR (3Y) – – 7.0%

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.

ConsensusCECOGENCLECO
Forward P/E 19.8xFY2026 15.2xFY2026 22.3xFY2026
EPS, next fiscal year $2.41FY2026 $1.13FY2026 $11.62FY2026
EPS growth, next FY +167.8%FY2026 +5.6%FY2026 +17.7%FY2026
EPS growth, the year after +27.4% -15.9% +0.4%
Revenue, next fiscal year $1.43BFY2026 $111.17MFY2026 $4.84BFY2026
Revenue growth, next FY +84.9%FY2026 -3.7%FY2026 +14.5%FY2026
Revenue growth, the year after +31.3% +38.5% +5.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCECOGENCLECO
Held by institutions 88.3% 48.7% 81.3%
Institutions holding 345 94 701
Change in shares held, QoQ +64.8% -2.6% +5.5%
Institutions buying 246 40 297
Institutions selling 71 33 266
Buyers to sellers 3.46 1.21 1.12

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.

CECOGENCLECO
CECO 1.00 0.25 0.27
GENC 0.25 1.00 0.28
LECO 0.27 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CECO, GENC and LECO?

Lincoln Electric Holdings (LECO) is the largest by market capitalisation: Ceco Environmental (CECO) $2.07B, Gencor Industries (GENC) $254.76M, Lincoln Electric Holdings (LECO) $14.98B.

Which stock is cheaper, CECO, GENC and LECO?

Gencor Industries (GENC) trades on the lowest price-to-earnings ratio (Ceco Environmental (CECO) -67.7x, Gencor Industries (GENC) 17.1x, Lincoln Electric Holdings (LECO) 27.1x). On next year's consensus earnings, Gencor Industries (GENC) is cheapest (Ceco Environmental (CECO) 19.8x, Gencor Industries (GENC) 15.2x, Lincoln Electric Holdings (LECO) 22.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Ceco Environmental (CECO) grew revenue fastest over the trailing twelve months: Ceco Environmental (CECO) +37.6%, Gencor Industries (GENC) -6.4%, Lincoln Electric Holdings (LECO) +9.3%.

Which company is more profitable?

Gencor Industries (GENC) has the highest net margin (Ceco Environmental (CECO) -3.4%, Gencor Industries (GENC) 13.5%, Lincoln Electric Holdings (LECO) 12.4%). On return on invested capital, Lincoln Electric Holdings (LECO) leads (Ceco Environmental (CECO) -0.3%, Lincoln Electric Holdings (LECO) 21.4%).

Which stock has performed better?

Over the past year Gencor Industries (GENC) returned the most: Ceco Environmental (CECO) -8.5%, Gencor Industries (GENC) +18.5%, Lincoln Electric Holdings (LECO) +7.0%. Over five years, Ceco Environmental (CECO) compounded fastest (Ceco Environmental (CECO) +47.7%/yr, Gencor Industries (GENC) +9.3%/yr, Lincoln Electric Holdings (LECO) +12.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Ceco Environmental (CECO) 0.00%, Gencor Industries (GENC) 0.00%, Lincoln Electric Holdings (LECO) 0.01%. Ceco Environmental (CECO) and Gencor Industries (GENC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Lincoln Electric Holdings (LECO) has been the steadiest (Ceco Environmental (CECO) 67.4%, Gencor Industries (GENC) 38.4%, Lincoln Electric Holdings (LECO) 29.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CECO, GENC and LECO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Gencor Industries (GENC) 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.