CECO vs TMO vs LNZA Stock Comparison

Ceco Environmental, Thermo Fisher Scientific and LanzaTech Global Prices as of Oct 28, 2026 Peers: Industry group
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CECO Ceco Environmental Corp
$54.65 -24.4% 1M +12.7% 1Y
Market cap
$2.36B
P/E
–
Revenue (TTM)
$903.17M
Div. yield
–
Pollution Control Equipment Industrials
3 wins
LNZA LanzaTech Global, Inc.
$5.18 -12.8% 1M -78.8% 1Y
Market cap
$63.90M
P/E
0.4x
Revenue (TTM)
$55.38M
Div. yield
–
Pollution Control Equipment Industrials
4 wins

Head to Head

10 decided of 12

LanzaTech Global leads on 4 of the 12 questions below (LanzaTech Global 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.

QuestionCECOTMOLNZALeader
Larger companyMarket capitalisation $2.36B $262.71B $63.90M TMO
Cheaper on earningsLower P/E, profitable companies only -77.1x 37.1x 0.4x LNZA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.7x 27.2x — CECO
Faster revenue growthRevenue growth, trailing twelve months +37.6% +8.3% +36.6% CECO
More profitableNet margin, trailing twelve months -3.4% — 279.2% 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 +12.7% +26.4% -78.8% TMO
Better 5-year returnAnnualised price return, 5 years +51.4%/yr +2.2%/yr -64.9%/yr CECO
Less volatileAnnualised volatility, 1 year 67.3% 29.8% 144.8% TMO
Higher overall scoreMean of the five percentile scores vs peers 50/100 51/100 70/100 LNZA

Percentile Scorecard

CECOTMOLNZA

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

AxisCECOTMOLNZA
Valuation 70 #7 of 21 49 #116 of 227 55 #10 of 21
Growth 28 #14 of 19 40 #132 of 219 100 #1 of 19
Profitability 56 #8 of 17 71 #61 of 205 38 #11 of 17
Financial Health 48 #12 of 22 – 86 #4 of 22
Shareholder Returns – 44 #76 of 135 –
Overall 50 51 70
  • CECO ranked among 22 companies in Environmental Equipment
  • TMO ranked among 247 companies in Medical Devices and Diagnostics
  • LNZA ranked among 22 companies in Environmental Equipment

Price Performance

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

Returns

PeriodCECOTMOLNZASPY
1 month -24.4%+3.9%-12.8% +0.9%
3 months -8.6%+22.3%-4.1% +5.9%
6 months -24.6%+51.2%-78.9% +8.5%
Year to date -8.7%+21.6%-62.4% +13.3%
1 year +12.7%+26.4%-78.8% +12.4%
3 years +249.0%+63.4%-98.8% +88.1%
3 years, per year +51.7%+17.8%-76.9% +23.5%
5 years +694.3%+11.3%-99.5% +68.2%
5 years, per year +51.4%+2.2%-64.9% +11.0%
10 years +440.0%+378.8%— +263.4%
10 years, per year +18.4%+17.0%— +13.8%

Risk

MeasureCECOTMOLNZASPY
Volatility, 1Y 67.3%29.8%144.8% 12.7%
Downside volatility, 1Y 71.4%28.4%143.4% 12.7%
Beta vs S&P 500, 1Y 1.990.621.85 1.00
Return / volatility, 1Y 0.190.88-0.54 0.98
Max drawdown, 5Y -52.1%-41.5%-99.6% -25.4%
From 52-week high -45.2%0.0%-87.5% -0.9%
52-week high $99.67$704.77$41.42 $779.14
52-week low $47.44$438.34$4.45 $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.

MultipleCECOTMOLNZA
P/E now vs peer median -77.3xmedian 25.5x 37.0xmedian 28.8x 0.4xmedian 25.5x
P/S now vs peer median 2.6xmedian 2.4x 5.5xmedian 3.0x 1.2xmedian 2.4x
EV/EBITDA now vs peer median 106.9xmedian 19.0x —median 17.4x -0.7xmedian 19.0x
P/FCF now vs peer median -109.6xmedian 23.0x 34.0xmedian 25.7x —median 23.0x
P/B now vs peer median 1.1xmedian 2.0x 4.8xmedian 2.4x 0.3xmedian 2.0x
PEG now vs peer median 1.47median 1.69 4.88median 1.03 0.01median 1.69

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 monthsCECOTMOLNZA
Revenue $903.17M $47.35B $55.38M
Gross profit $290.34M – $25.68M
Operating income -$5.38M $8.47B -$57.98M
Net income -$28.18M $7.09B $154.58M
Free cash flow -$21.60M – –
R&D – $1.40B $38.65M
EPS (diluted) $-0.71 $19.06 $13.26
Cash & equivalents $61.10M $5.46B $44.98M
Total debt $727.71M – $12.70M
Shares (diluted) 43.31M 371.00M 11.66M
Enterprise value $2.19B $262.71B -$51.23M

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
MetricCECOTMOLNZA
P/E -77.3x 37.0x 0.4x
P/FCF -109.6x 34.0x –
P/Operating cash flow -328.7x 27.9x –
P/S 2.6x 5.5x 1.2x
P/B 1.1x 4.8x 0.3x
P/Tangible book 2.2x 7.1x 0.3x
EV/EBITDA 106.9x – -0.7x
EV/EBIT -564.4x – -0.6x
EV/Revenue 3.4x 5.5x 0.6x
EV/FCF -140.4x – –
EV/Operating cash flow -421.2x 27.9x –
PEG (3Y EPS CAGR) 1.47 4.88 0.01

Growth

14 metrics
MetricCECOTMOLNZA
Revenue growth (1Y) 37.6% 8.3% 36.6%
Revenue CAGR (3Y) 24.6% 2.9% 9.5%
Gross profit growth (1Y) 25.6% – 68.5%
Gross profit CAGR (3Y) 26.1% – 35.1%
Operating income growth (1Y) -105.5% 12.8% 53.0%
Operating income CAGR (3Y) -30.3% 7.2% 17.5%
Net income growth (1Y) -152.2% 7.9% 213.5%
Net income CAGR (3Y) -53.8% 6.2% 46.7%
EPS growth (1Y) -149.3% 9.7% 2,224%
EPS CAGR (3Y) -52.7% 7.6% 29.4%
Operating cash flow growth (1Y) -196.9% 21.9% –
Operating cash flow CAGR (3Y) -29.1% 4.5% –
Free cash flow growth (1Y) -27.1% – –
Free cash flow CAGR (3Y) -36.0% – –

Profitability

14 metrics
MetricCECOTMOLNZA
Gross margin 32.1% – 46.4%
EBITDA margin 3.1% – -96.7%
Operating margin -0.6% – -104.7%
Pretax margin -3.9% – -104.7%
Net margin -3.4% – 279.2%
FCF margin -2.4% – –
Operating cash flow margin -0.8% 19.7% –
Return on equity -2.3% 13.2% -45.2%
Return on assets -1.2% 6.2% -27.4%
Return on invested capital -0.3% – –
Return on capital employed -0.3% – -31.6%
Asset turnover 0.4x 0.4x 0.3x
Cash conversion (OCF / net income) 0.3x 1.3x –
Stock comp / revenue 2.2% – –

Financial Health

11 metrics
MetricCECOTMOLNZA
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%
Equity / assets 55.7% 47.9% 80.8%
Interest coverage -0.2x – –
Current ratio 1.5x 1.8x 2.5x
Quick ratio 1.0x – 2.0x
Cash ratio 0.1x – 1.6x
Altman Z-score 1.21 – -3.30

Shareholder Returns

7 metrics
MetricCECOTMOLNZA
Dividend yield – 0.3% –
Net buyback yield – – –
Shareholder yield 0.0% 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.

ConsensusCECOTMOLNZA
Forward P/E 22.7xFY2026 27.2xFY2026 –
EPS, next fiscal year $2.41FY2026 $25.91FY2026 $-3.93FY2026
EPS growth, next FY +167.8%FY2026 +13.3%FY2026 –
EPS growth, the year after +27.4% +2.0% –
Revenue, next fiscal year $1.43BFY2026 $50.12BFY2026 $56.23MFY2026
Revenue growth, next FY +84.9%FY2026 +12.5%FY2026 +0.7%FY2026
Revenue growth, the year after +31.3% -2.8% -0.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCECOTMOLNZA
Held by institutions 88.3% 90.2% 18.3%
Institutions holding 345 2,623 40
Change in shares held, QoQ +64.8% +0.8% +538.1%
Institutions buying 246 1,143 32
Institutions selling 71 1,144 3
Buyers to sellers 3.46 1.00 10.67

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.

CECOTMOLNZA
CECO 1.00 0.06 0.07
TMO 0.06 1.00 0.12
LNZA 0.07 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CECO, TMO and LNZA?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Ceco Environmental (CECO) $2.36B, Thermo Fisher Scientific (TMO) $262.71B, LanzaTech Global (LNZA) $63.90M.

Which stock is cheaper, CECO, TMO and LNZA?

LanzaTech Global (LNZA) trades on the lowest price-to-earnings ratio (Ceco Environmental (CECO) -77.1x, Thermo Fisher Scientific (TMO) 37.1x, LanzaTech Global (LNZA) 0.4x). On next year's consensus earnings, Ceco Environmental (CECO) is cheapest (Ceco Environmental (CECO) 22.7x, Thermo Fisher Scientific (TMO) 27.2x). 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%, Thermo Fisher Scientific (TMO) +8.3%, LanzaTech Global (LNZA) +36.6%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Thermo Fisher Scientific (TMO) returned the most: Ceco Environmental (CECO) +12.7%, Thermo Fisher Scientific (TMO) +26.4%, LanzaTech Global (LNZA) -78.8%. Over five years, Ceco Environmental (CECO) compounded fastest (Ceco Environmental (CECO) +51.4%/yr, Thermo Fisher Scientific (TMO) +2.2%/yr, LanzaTech Global (LNZA) -64.9%/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%, LanzaTech Global (LNZA) 144.8%). Volatility measures how widely the price swings, not the risk of the business.

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

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