CECO vs LNZA vs FTEK Stock Comparison

Ceco Environmental, LanzaTech Global and Fuel Tech Prices as of Oct 23, 2026 Peers: Industry group
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CECO Ceco Environmental Corp
$48.77 -35.0% 1M -4.1% 1Y
Market cap
$2.14B
P/E
–
Revenue (TTM)
$903.17M
Div. yield
–
Pollution Control Equipment Industrials
5 wins
LNZA LanzaTech Global, Inc.
$4.81 -18.3% 1M -81.4% 1Y
Market cap
$54.11M
P/E
0.4x
Revenue (TTM)
$55.38M
Div. yield
–
Pollution Control Equipment Industrials
3 wins
FTEK Fuel Tech, Inc.
$1.37 -17.0% 1M -52.3% 1Y
Market cap
$44.59M
P/E
–
Revenue (TTM)
$27.30M
Div. yield
–
Pollution Control Equipment Industrials

Head to Head

8 decided of 12

Ceco Environmental leads on 5 of the 12 questions below (Ceco Environmental 5, LanzaTech Global 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCECOLNZAFTEKLeader
Larger companyMarket capitalisation $2.14B $54.11M $44.59M CECO
Cheaper on earningsLower P/E, profitable companies only -69.9x 0.4x -12.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.2x — — –
Faster revenue growthRevenue growth, trailing twelve months +37.6% +36.6% +8.9% CECO
More profitableNet margin, trailing twelve months -3.4% 279.2% -12.7% LNZA
Better return on capitalReturn on invested capital -0.3% — — –
Less leveragedLower net debt / EBITDA 23.5x 0.6x — LNZA
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -4.1% -81.4% -52.3% CECO
Better 5-year returnAnnualised price return, 5 years +48.1%/yr -65.4%/yr -7.8%/yr CECO
Less volatileAnnualised volatility, 1 year 67.3% 144.9% 68.6% CECO
Higher overall scoreMean of the five percentile scores vs peers 49/100 70/100 57/100 LNZA

Percentile Scorecard

CECOLNZAFTEK

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

AxisCECOLNZAFTEK
Valuation 70 #7 of 21 65 #8 of 21 60 #9 of 21
Growth 28 #14 of 19 100 #1 of 19 33 #13 of 19
Profitability 56 #8 of 17 38 #11 of 17 63 #7 of 17
Financial Health 43 #13 of 22 76 #6 of 22 91 #3 of 22
Shareholder Returns – – 40 #7 of 11
Overall 49 70 57
  • CECO ranked among 22 companies in Environmental Equipment
  • LNZA ranked among 22 companies in Environmental Equipment
  • FTEK ranked among 22 companies in Environmental Equipment

Price Performance

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

Returns

PeriodCECOLNZAFTEKSPY
1 month -35.0%-18.3%-17.0% -1.0%
3 months -35.5%-13.0%-11.0% +2.9%
6 months -24.8%-80.7%+1.5% +6.4%
Year to date -18.5%-65.0%-12.2% +11.4%
1 year -4.1%-81.4%-52.3% +13.1%
3 years +214.0%-98.9%+35.6% +79.4%
3 years, per year +46.5%-77.8%+10.7% +21.5%
5 years +612.0%-99.5%-33.5% +67.7%
5 years, per year +48.1%-65.4%-7.8% +10.9%
10 years +364.0%—+2.2% +255.2%
10 years, per year +16.6%—+0.2% +13.5%

Risk

MeasureCECOLNZAFTEKSPY
Volatility, 1Y 67.3%144.9%68.6% 12.7%
Downside volatility, 1Y 72.6%144.0%65.6% 12.7%
Beta vs S&P 500, 1Y 1.971.831.00 1.00
Return / volatility, 1Y -0.06-0.56-0.76 1.03
Max drawdown, 5Y -51.1%-99.6%-67.2% -25.4%
From 52-week high -51.1%-88.4%-52.3% -2.5%
52-week high $99.67$41.42$2.87 $779.14
52-week low $47.44$4.45$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.

MultipleCECOLNZAFTEK
P/E now vs peer median -69.0xmedian 25.9x 0.4xmedian 25.9x -12.3xmedian 25.9x
P/S now vs peer median 2.3xmedian 2.5x 1.1xmedian 2.5x 1.6xmedian 2.5x
EV/EBITDA now vs peer median 98.0xmedian 19.3x -0.6xmedian 19.3x -6.0xmedian 19.3x
P/FCF now vs peer median -97.8xmedian 25.4x —median 25.4x -36.1xmedian 25.4x
P/B now vs peer median 1.0xmedian 2.0x 0.2xmedian 2.0x 1.1xmedian 2.0x
PEG now vs peer median 1.31median 1.53 0.01median 1.53 0.41median 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 monthsCECOLNZAFTEK
Revenue $903.17M $55.38M $27.30M
Gross profit $290.34M $25.68M $12.21M
Operating income -$5.38M -$57.98M -$4.58M
Net income -$28.18M $154.58M -$3.48M
Free cash flow -$21.60M – -$1.18M
R&D – $38.65M $2.12M
EPS (diluted) $-0.71 $13.26 $-0.11
Cash & equivalents $61.10M $44.98M $7.62M
Total debt $1.41B $56.34M –
Shares (diluted) 43.31M 11.66M 31.18M
Enterprise value $1.97B -$61.03M -$47.34M

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
MetricCECOLNZAFTEK
P/E -69.0x 0.4x -12.3x
P/FCF -97.8x – -36.1x
P/Operating cash flow -293.3x – -201.7x
P/S 2.3x 1.1x 1.6x
P/B 1.0x 0.2x 1.1x
P/Tangible book 2.0x 0.2x 1.2x
EV/EBITDA 98.0x -0.6x -6.0x
EV/EBIT -517.0x -0.5x -5.1x
EV/Revenue 3.1x 0.6x 0.8x
EV/FCF -128.7x – -19.6x
EV/Operating cash flow -385.8x – -109.2x
PEG (3Y EPS CAGR) 1.31 0.01 0.41

Growth

14 metrics
MetricCECOLNZAFTEK
Revenue growth (1Y) 37.6% 36.6% 8.9%
Revenue CAGR (3Y) 24.6% 9.5% -0.6%
Gross profit growth (1Y) 25.6% 68.5% 9.7%
Gross profit CAGR (3Y) 26.1% 35.1% 2.1%
Operating income growth (1Y) -105.5% 53.0% -0.6%
Operating income CAGR (3Y) -30.3% 17.5% -30.8%
Net income growth (1Y) -152.2% 213.5% -7.7%
Net income CAGR (3Y) -53.8% 46.7% -31.1%
EPS growth (1Y) -149.3% 2,224% -6.7%
EPS CAGR (3Y) -52.7% 29.4% -29.9%
Operating cash flow growth (1Y) -196.9% – -129.5%
Operating cash flow CAGR (3Y) -29.1% – 35.8%
Free cash flow growth (1Y) -27.1% – -367.3%
Free cash flow CAGR (3Y) -36.0% – -6.8%

Profitability

14 metrics
MetricCECOLNZAFTEK
Gross margin 32.1% 46.4% 44.7%
EBITDA margin 3.1% -96.7% -14.0%
Operating margin -0.6% -104.7% -16.8%
Pretax margin -3.9% -104.7% -12.7%
Net margin -3.4% 279.2% -12.7%
FCF margin -2.4% – -4.3%
Operating cash flow margin -0.8% – -0.8%
Return on equity -2.3% -45.2% -9.2%
Return on assets -1.2% -27.4% -7.9%
Return on invested capital -0.3% – –
Return on capital employed -0.3% -31.6% -11.8%
Asset turnover 0.4x 0.3x 0.6x
Cash conversion (OCF / net income) 0.3x – 0.1x
Stock comp / revenue 2.2% – 0.8%

Financial Health

11 metrics
MetricCECOLNZAFTEK
Debt / assets 19.5% 3.9% –
Debt / equity 0.3x 0.0x –
Net debt / EBITDA 23.5x 0.6x –
Debt / FCF -33.7x – –
Liabilities / assets 44.3% 19.2% 13.5%
Equity / assets 55.7% 80.8% 86.5%
Interest coverage -0.2x – –
Current ratio 1.5x 2.5x 5.1x
Quick ratio 1.0x 2.0x 5.0x
Cash ratio 0.1x 1.6x 4.0x
Altman Z-score 1.12 -3.34 1.21

Shareholder Returns

7 metrics
MetricCECOLNZAFTEK
Dividend yield – – –
Net buyback yield – – 0.1%
Shareholder yield 0.0% – 0.1%
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.

ConsensusCECOLNZAFTEK
Forward P/E 20.2xFY2026 – –
EPS, next fiscal year $2.41FY2026 $-3.93FY2026 $-0.14FY2026
EPS growth, next FY +167.8%FY2026 – –
EPS growth, the year after +27.4% – –
Revenue, next fiscal year $1.43BFY2026 $56.23MFY2026 $27.36MFY2026
Revenue growth, next FY +84.9%FY2026 +0.7%FY2026 +2.5%FY2026
Revenue growth, the year after +31.3% -0.9% +28.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCECOLNZAFTEK
Held by institutions 88.3% 18.3% 23.6%
Institutions holding 345 40 43
Change in shares held, QoQ +64.8% +538.1% -2.7%
Institutions buying 246 32 17
Institutions selling 71 3 9
Buyers to sellers 3.46 10.67 1.89

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.

CECOLNZAFTEK
CECO 1.00 0.08 0.23
LNZA 0.08 1.00 0.15
FTEK 0.23 0.15 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, CECO, LNZA and FTEK?

Ceco Environmental (CECO) is the largest by market capitalisation: Ceco Environmental (CECO) $2.14B, LanzaTech Global (LNZA) $54.11M, Fuel Tech (FTEK) $44.59M.

Which company is growing faster?

Ceco Environmental (CECO) grew revenue fastest over the trailing twelve months: Ceco Environmental (CECO) +37.6%, LanzaTech Global (LNZA) +36.6%, Fuel Tech (FTEK) +8.9%.

Which company is more profitable?

LanzaTech Global (LNZA) has the highest net margin (Ceco Environmental (CECO) -3.4%, LanzaTech Global (LNZA) 279.2%, Fuel Tech (FTEK) -12.7%).

Which stock has performed better?

Over the past year Ceco Environmental (CECO) returned the most: Ceco Environmental (CECO) -4.1%, LanzaTech Global (LNZA) -81.4%, Fuel Tech (FTEK) -52.3%. Over five years, Ceco Environmental (CECO) compounded fastest (Ceco Environmental (CECO) +48.1%/yr, LanzaTech Global (LNZA) -65.4%/yr, Fuel Tech (FTEK) -7.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ceco Environmental (CECO) has been the steadiest (Ceco Environmental (CECO) 67.3%, LanzaTech Global (LNZA) 144.9%, Fuel Tech (FTEK) 68.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CECO, LNZA 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, 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.