CECO vs GLW vs FTEK Stock Comparison

Ceco Environmental, Corning and Fuel Tech Prices as of Nov 3, 2026 Peers: Industry group
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CECO Ceco Environmental Corp
$50.20 -31.8% 1M -3.5% 1Y
Market cap
$1.95B
P/E
–
Revenue (TTM)
$903.17M
Div. yield
–
Pollution Control Equipment Industrials
4 wins
GLW Corning Inc /Ny
$126.17 -23.2% 1M +44.2% 1Y
Market cap
$101.90B
P/E
47.4x
Revenue (TTM)
$17.72B
Div. yield
0.01%
Specialty Chemicals Basic Materials
6 wins
FTEK Fuel Tech, Inc.
$1.42 -14.5% 1M -46.2% 1Y
Market cap
$45.26M
P/E
–
Revenue (TTM)
$28.49M
Div. yield
–
Pollution Control Equipment Industrials

Head to Head

10 decided of 12

Corning leads on 6 of the 12 questions below (Corning 6, Ceco Environmental 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCECOGLWFTEKLeader
Larger companyMarket capitalisation $1.95B $101.90B $45.26M GLW
Cheaper on earningsLower P/E, profitable companies only -63.8x 47.4x -11.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.8x 36.6x — CECO
Faster revenue growthRevenue growth, trailing twelve months +37.6% +18.8% +15.3% CECO
More profitableNet margin, trailing twelve months -3.4% 12.1% -14.2% GLW
Better return on capitalReturn on invested capital -0.3% 11.0% — GLW
Less leveragedLower net debt / EBITDA 23.5x 1.3x — GLW
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months -3.5% +44.2% -46.2% GLW
Better 5-year returnAnnualised price return, 5 years +47.7%/yr +28.1%/yr -6.1%/yr CECO
Less volatileAnnualised volatility, 1 year 67.6% 74.7% 68.9% CECO
Higher overall scoreMean of the five percentile scores vs peers 52/100 59/100 53/100 GLW

Percentile Scorecard

CECOGLWFTEK

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

AxisCECOGLWFTEK
Valuation 79 #5 of 20 23 #73 of 95 47 #11 of 20
Growth 29 #13 of 18 96 #5 of 93 18 #15 of 18
Profitability 56 #8 of 17 85 #14 of 89 63 #7 of 17
Financial Health 45 #12 of 21 59 #40 of 96 90 #3 of 21
Shareholder Returns – 30 #52 of 74 46 #7 of 12
Overall 52 59 53
  • CECO ranked among 21 companies in Environmental Equipment
  • GLW ranked among 99 companies in Chemicals
  • FTEK ranked among 21 companies in Environmental Equipment

Price Performance

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

Returns

PeriodCECOGLWFTEKSPY
1 month -31.8%-23.2%-14.5% -2.0%
3 months -28.6%-21.1%-7.2% -2.2%
6 months -42.8%-22.2%-10.7% +4.2%
Year to date -16.1%+44.1%-9.0% +10.6%
1 year -3.5%+44.2%-46.2% +10.4%
3 years +212.8%+351.7%+40.6% +73.6%
3 years, per year +46.3%+65.4%+12.0% +20.2%
5 years +603.1%+244.1%-26.8% +61.6%
5 years, per year +47.7%+28.1%-6.1% +10.1%
10 years +424.6%+465.0%+11.8% +261.3%
10 years, per year +18.0%+18.9%+1.1% +13.7%

Risk

MeasureCECOGLWFTEKSPY
Volatility, 1Y 67.6%74.7%68.9% 12.8%
Downside volatility, 1Y 72.5%76.3%66.3% 12.8%
Beta vs S&P 500, 1Y 2.063.051.08 1.00
Return / volatility, 1Y -0.050.59-0.67 0.81
Max drawdown, 5Y -52.1%-52.1%-67.2% -25.4%
From 52-week high -49.6%-50.7%-46.2% -3.2%
52-week high $99.67$255.69$2.64 $779.14
52-week low $47.44$78.03$1.19 $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.

MultipleCECOGLWFTEK
P/E now vs peer median -71.0xmedian 28.3x 50.6xmedian 20.6x -10.9xmedian 28.3x
P/S now vs peer median 2.4xmedian 2.5x 6.1xmedian 1.4x 1.6xmedian 2.5x
EV/EBITDA now vs peer median 100.1xmedian 21.1x 25.9xmedian 12.2x -6.1xmedian 21.1x
P/FCF now vs peer median -100.7xmedian 24.9x 44.2xmedian 15.1x -7.5xmedian 24.9x
P/B now vs peer median 1.0xmedian 2.1x 7.6xmedian 1.6x 1.2xmedian 2.1x
PEG now vs peer median 1.35median 1.75 0.94median 1.73 0.26median 1.75

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 monthsCECOGLWFTEK
Revenue $903.17M $17.72B $28.49M
Gross profit $290.34M $6.46B $12.46M
Operating income -$5.38M $2.92B -$5.11M
Net income -$28.18M $2.35B -$4.05M
Free cash flow -$21.60M $2.46B -$5.93M
R&D – $1.18B $2.45M
EPS (diluted) $-0.71 $2.47 $-0.13
Cash & equivalents $61.10M $2.54B $6.83M
Total debt $727.71M $8.23B –
Shares (diluted) 43.31M 871.00M 31.22M
Enterprise value $1.78B $93.58B -$38.64M

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
MetricCECOGLWFTEK
P/E -71.0x 50.6x -10.9x
P/FCF -100.7x 44.2x -7.5x
P/Operating cash flow -301.9x 25.9x -8.9x
P/S 2.4x 6.1x 1.6x
P/B 1.0x 7.6x 1.2x
P/Tangible book 2.0x 7.9x 1.2x
EV/EBITDA 100.1x 25.9x -6.1x
EV/EBIT -528.5x 39.2x -5.2x
EV/Revenue 3.1x 6.5x 0.9x
EV/FCF -131.5x 46.5x -4.5x
EV/Operating cash flow -394.4x 27.3x -5.3x
PEG (3Y EPS CAGR) 1.35 0.94 0.26

Growth

14 metrics
MetricCECOGLWFTEK
Revenue growth (1Y) 37.6% 18.8% 15.3%
Revenue CAGR (3Y) 24.6% 10.9% 0.9%
Gross profit growth (1Y) 25.6% 21.4% 9.4%
Gross profit CAGR (3Y) 26.1% 18.0% 3.0%
Operating income growth (1Y) -105.5% 46.0% -16.9%
Operating income CAGR (3Y) -30.3% 48.2% -34.3%
Net income growth (1Y) -152.2% 57.2% -34.7%
Net income CAGR (3Y) -53.8% 53.6% -42.5%
EPS growth (1Y) -149.3% 56.9% -35.0%
EPS CAGR (3Y) -52.7% 53.6% -41.6%
Operating cash flow growth (1Y) -196.9% 85.0% -269.6%
Operating cash flow CAGR (3Y) -29.1% 30.0% -62.6%
Free cash flow growth (1Y) -27.1% 111.8% -324.3%
Free cash flow CAGR (3Y) -36.0% 84.0% -62.6%

Profitability

14 metrics
MetricCECOGLWFTEK
Gross margin 32.1% 36.5% 43.7%
EBITDA margin 3.1% 24.9% -15.2%
Operating margin -0.6% 16.5% -17.9%
Pretax margin -3.9% 15.9% -14.2%
Net margin -3.4% 12.1% -14.2%
FCF margin -2.4% 13.9% -20.8%
Operating cash flow margin -0.8% 23.7% -17.5%
Return on equity -2.3% 17.1% -10.9%
Return on assets -1.2% 7.0% -9.4%
Return on invested capital -0.3% 11.0% –
Return on capital employed -0.3% 10.8% -13.4%
Asset turnover 0.4x 0.5x 0.7x
Cash conversion (OCF / net income) 0.3x 1.8x 1.2x
Stock comp / revenue 2.2% 2.1% 0.8%

Financial Health

11 metrics
MetricCECOGLWFTEK
Debt / assets 19.5% 24.1% –
Debt / equity 0.3x 0.6x –
Net debt / EBITDA 23.5x 1.3x –
Debt / FCF -33.7x 3.3x –
Liabilities / assets 44.3% 58.1% 13.7%
Equity / assets 55.7% 41.9% 86.3%
Interest coverage -0.2x 8.0x –
Current ratio 1.5x 1.7x 5.0x
Quick ratio 1.0x 0.9x 5.3x
Cash ratio 0.1x 0.4x 3.6x
Altman Z-score 1.14 4.97 1.30

Shareholder Returns

7 metrics
MetricCECOGLWFTEK
Dividend yield – 0.9% –
Net buyback yield – -0.5% 0.1%
Shareholder yield 0.0% 0.4% 0.1%
Payout ratio (earnings) – 43.1% –
Payout ratio (FCF) – 41.1% –
Dividend growth (1Y) – 1.9% –
Dividend CAGR (3Y) – 1.2% –

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.

ConsensusCECOGLWFTEK
Forward P/E 20.8xFY2026 36.6xFY2026 –
EPS, next fiscal year $2.41FY2026 $3.45FY2026 $-0.14FY2026
EPS growth, next FY +167.8%FY2026 +36.9%FY2026 –
EPS growth, the year after +27.4% +24.1% –
Revenue, next fiscal year $1.43BFY2026 $18.34BFY2026 $27.36MFY2026
Revenue growth, next FY +84.9%FY2026 +11.8%FY2026 +2.5%FY2026
Revenue growth, the year after +31.3% +31.0% +28.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCECOGLWFTEK
Held by institutions 88.3% 73.0% 23.6%
Institutions holding 348 2,687 44
Change in shares held, QoQ +64.8% +3.5% -2.7%
Institutions buying 247 1,478 18
Institutions selling 71 952 9
Buyers to sellers 3.48 1.55 2.00

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.

CECOGLWFTEK
CECO 1.00 0.39 0.25
GLW 0.39 1.00 0.28
FTEK 0.25 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CECO, GLW and FTEK?

Corning (GLW) is the largest by market capitalisation: Ceco Environmental (CECO) $1.95B, Corning (GLW) $101.90B, Fuel Tech (FTEK) $45.26M.

Which company is growing faster?

Ceco Environmental (CECO) grew revenue fastest over the trailing twelve months: Ceco Environmental (CECO) +37.6%, Corning (GLW) +18.8%, Fuel Tech (FTEK) +15.3%.

Which company is more profitable?

Corning (GLW) has the highest net margin (Ceco Environmental (CECO) -3.4%, Corning (GLW) 12.1%, Fuel Tech (FTEK) -14.2%). On return on invested capital, Corning (GLW) leads (Ceco Environmental (CECO) -0.3%, Corning (GLW) 11.0%).

Which stock has performed better?

Over the past year Corning (GLW) returned the most: Ceco Environmental (CECO) -3.5%, Corning (GLW) +44.2%, Fuel Tech (FTEK) -46.2%. Over five years, Ceco Environmental (CECO) compounded fastest (Ceco Environmental (CECO) +47.7%/yr, Corning (GLW) +28.1%/yr, Fuel Tech (FTEK) -6.1%/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%, Corning (GLW) 0.01%, Fuel Tech (FTEK) 0.00%. Ceco Environmental (CECO) and Fuel Tech (FTEK) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ceco Environmental (CECO) has been the steadiest (Ceco Environmental (CECO) 67.6%, Corning (GLW) 74.7%, Fuel Tech (FTEK) 68.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CECO, GLW and FTEK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Corning (GLW) leads on 6. 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.