CECO vs TMO vs BW Stock Comparison

Ceco Environmental, Thermo Fisher Scientific and Babcock & Wilcox Enterprises Prices as of Oct 29, 2026 Peers: Industry group
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CECO Ceco Environmental Corp
$55.19 -21.8% 1M +14.9% 1Y
Market cap
$2.19B
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.

QuestionCECOTMOBWLeader
Larger companyMarket capitalisation $2.19B $258.21B $597.79M TMO
Cheaper on earningsLower P/E, profitable companies only -71.5x 36.5x -18.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.9x 27.4x 32.6x CECO
Faster revenue growthRevenue growth, trailing twelve months +37.6% +8.3% +42.6% 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 +14.9% +27.0% +38.2% BW
Better 5-year returnAnnualised price return, 5 years +51.7%/yr +2.3%/yr -7.8%/yr CECO
Less volatileAnnualised volatility, 1 year 67.3% 29.8% 114.6% TMO
Higher overall scoreMean of the five percentile scores vs peers 49/100 51/100 50/100 TMO

Percentile Scorecard

CECOTMOBW

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

AxisCECOTMOBW
Valuation 65 #8 of 21 50 #113 of 227 62 #24 of 62
Growth 28 #14 of 19 41 #130 of 218 69 #19 of 59
Profitability 60 #7 of 16 70 #61 of 202 72 #16 of 55
Financial Health 45 #12 of 21 – 38 #45 of 72
Shareholder Returns – 44 #73 of 130 11 #26 of 29
Overall 49 51 50
  • CECO ranked among 22 companies in Environmental Equipment
  • TMO ranked among 247 companies in Medical Devices and Diagnostics
  • BW ranked among 72 companies in Clean Energy Equipment

Price Performance

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

Returns

PeriodCECOTMOBWSPY
1 month -21.8%+4.4%-21.6% +0.7%
3 months -15.8%+23.0%-51.8% +3.7%
6 months -25.6%+48.1%-70.9% +7.1%
Year to date -7.8%+22.4%-28.1% +12.8%
1 year +14.9%+27.0%+38.2% +11.9%
3 years +249.5%+63.4%+83.9% +85.2%
3 years, per year +51.8%+17.8%+22.5% +22.8%
5 years +702.2%+12.0%-33.2% +67.6%
5 years, per year +51.7%+2.3%-7.8% +10.9%
10 years +445.4%+381.8%-97.1% +262.0%
10 years, per year +18.5%+17.0%-29.8% +13.7%

Risk

MeasureCECOTMOBWSPY
Volatility, 1Y 67.3%29.8%114.6% 12.7%
Downside volatility, 1Y 71.7%28.4%103.8% 12.6%
Beta vs S&P 500, 1Y 1.990.623.33 1.00
Return / volatility, 1Y 0.220.910.33 0.94
Max drawdown, 5Y -52.1%-41.5%-97.4% -25.4%
From 52-week high -44.6%0.0%-79.1% -1.2%
52-week high $99.67$709.29$21.85 $779.14
52-week low $47.44$438.34$3.30 $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.

MultipleCECOTMOBW
P/E now vs peer median -78.1xmedian 25.4x 37.2xmedian 28.7x -19.5xmedian 26.6x
P/S now vs peer median 2.6xmedian 2.5x 5.5xmedian 3.0x 0.8xmedian 2.6x
EV/EBITDA now vs peer median 107.8xmedian 17.9x —median 17.8x 16.2xmedian 18.9x
P/FCF now vs peer median -110.7xmedian 22.3x 34.0xmedian 26.4x -11.7xmedian 30.1x
P/B now vs peer median 1.1xmedian 1.8x 4.8xmedian 2.4x 11.8xmedian 1.9x
PEG now vs peer median 1.48median 1.73 4.91median 0.99 -0.80median 0.97

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 monthsCECOTMOBW
Revenue $903.17M $47.35B $821.95M
Gross profit $290.34M – $160.14M
Operating income -$5.38M $8.47B $22.49M
Net income -$28.18M $7.09B -$18.35M
Free cash flow -$21.60M – -$58.17M
R&D – $1.40B –
EPS (diluted) $-0.71 $19.06 $-0.21
Cash & equivalents $61.10M $5.46B $308.63M
Total debt $727.71M – $209.43M
Shares (diluted) 43.31M 371.00M 154.51M
Enterprise value $2.01B $258.21B $68.76M

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
MetricCECOTMOBW
P/E -78.1x 37.2x -19.5x
P/FCF -110.7x 34.0x -11.7x
P/Operating cash flow -331.9x 28.1x -19.6x
P/S 2.6x 5.5x 0.8x
P/B 1.1x 4.8x 11.8x
P/Tangible book 2.2x 7.1x 15.4x
EV/EBITDA 107.8x – 16.2x
EV/EBIT -568.7x – 25.8x
EV/Revenue 3.4x 5.5x 0.7x
EV/FCF -141.5x – -10.0x
EV/Operating cash flow -424.5x 28.1x -16.7x
PEG (3Y EPS CAGR) 1.48 4.91 -0.80

Growth

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

Profitability

14 metrics
MetricCECOTMOBW
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% 19.7% -4.2%
Return on equity -2.3% 13.2% –
Return on assets -1.2% 6.2% -8.9%
Return on invested capital -0.3% – 14.3%
Return on capital employed -0.3% – 5.9%
Asset turnover 0.4x 0.4x 0.9x
Cash conversion (OCF / net income) 0.3x 1.3x 1.9x
Stock comp / revenue 2.2% – 2.0%

Financial Health

11 metrics
MetricCECOTMOBW
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% 47.9% 5.7%
Interest coverage -0.2x – 0.9x
Current ratio 1.5x 1.8x 1.5x
Quick ratio 1.0x – 1.1x
Cash ratio 0.1x – 0.6x
Altman Z-score 1.22 – -0.88

Shareholder Returns

7 metrics
MetricCECOTMOBW
Dividend yield – 0.3% –
Net buyback yield – – -56.5%
Shareholder yield 0.0% 0.3% -56.5%
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.

ConsensusCECOTMOBW
Forward P/E 22.9xFY2026 27.4xFY2026 32.6xFY2026
EPS, next fiscal year $2.41FY2026 $25.91FY2026 $0.14FY2026
EPS growth, next FY +167.8%FY2026 +13.3%FY2026 –
EPS growth, the year after +27.4% +2.0% +221.4%
Revenue, next fiscal year $1.43BFY2026 $50.12BFY2026 $1.01BFY2026
Revenue growth, next FY +84.9%FY2026 +12.5%FY2026 +71.1%FY2026
Revenue growth, the year after +31.3% -2.8% +35.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCECOTMOBW
Held by institutions 88.3% 90.2% 88.0%
Institutions holding 346 2,624 200
Change in shares held, QoQ +64.8% +0.8% +24.0%
Institutions buying 246 1,144 146
Institutions selling 71 1,144 41
Buyers to sellers 3.46 1.00 3.56

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.

CECOTMOBW
CECO 1.00 0.06 0.36
TMO 0.06 1.00 0.04
BW 0.36 0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CECO, TMO and BW?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Ceco Environmental (CECO) $2.19B, Thermo Fisher Scientific (TMO) $258.21B, Babcock & Wilcox Enterprises (BW) $597.79M.

Which company is growing faster?

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

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) +14.9%, Thermo Fisher Scientific (TMO) +27.0%, Babcock & Wilcox Enterprises (BW) +38.2%. Over five years, Ceco Environmental (CECO) compounded fastest (Ceco Environmental (CECO) +51.7%/yr, Thermo Fisher Scientific (TMO) +2.3%/yr, Babcock & Wilcox Enterprises (BW) -7.8%/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) 67.3%, Thermo Fisher Scientific (TMO) 29.8%, Babcock & Wilcox Enterprises (BW) 114.6%). Volatility measures how widely the price swings, not the risk of the business.

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

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.