CECO vs TMO vs SCWO Stock Comparison

Ceco Environmental, Thermo Fisher Scientific and 374Water Prices as of Oct 23, 2026 Peers: Industry group
CECO Ceco Environmental Corp
$48.77 -35.0% 1M -4.1% 1Y
Market cap
$2.09B
P/E
–
Revenue (TTM)
$903.17M
Div. yield
–
Pollution Control Equipment Industrials
2 wins
SCWO 374Water Inc.
$2.35 -23.5% 1M -51.8% 1Y
Market cap
$31.12M
P/E
–
Revenue (TTM)
$1.93M
Div. yield
–
Pollution Control Equipment Industrials
2 wins

Head to Head

10 decided of 12

Thermo Fisher Scientific leads on 6 of the 12 questions below (Thermo Fisher Scientific 6, Ceco Environmental 2, 374Water 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCECOTMOSCWOLeader
Larger companyMarket capitalisation $2.09B $254.18B $31.12M TMO
Cheaper on earningsLower P/E, profitable companies only -68.3x 36.5x -1.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.2x 26.1x — CECO
Faster revenue growthRevenue growth, trailing twelve months +37.6% +7.2% +57.1% SCWO
More profitableNet margin, trailing twelve months -3.4% 15.0% -1,032.7% TMO
Better return on capitalReturn on invested capital -0.3% 7.9% — TMO
Less leveragedLower net debt / EBITDA 23.5x 3.5x 0.1x SCWO
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -4.1% +17.8% -51.8% TMO
Better 5-year returnAnnualised price return, 5 years +48.1%/yr +1.9%/yr -38.3%/yr CECO
Less volatileAnnualised volatility, 1 year 67.3% 29.8% 105.0% TMO
Higher overall scoreMean of the five percentile scores vs peers 49/100 59/100 14/100 TMO

Percentile Scorecard

CECOTMOSCWO

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

AxisCECOTMOSCWO
Valuation 70 #7 of 21 60 #93 of 228 0 #21 of 21
Growth 28 #14 of 19 35 #144 of 222 17 #16 of 19
Profitability 56 #8 of 17 83 #37 of 210 0 #17 of 17
Financial Health 43 #13 of 22 28 #174 of 241 38 #14 of 22
Shareholder Returns – 88 #18 of 138 –
Overall 49 59 14
  • CECO ranked among 22 companies in Environmental Equipment
  • TMO ranked among 248 companies in Medical Devices and Diagnostics
  • SCWO ranked among 22 companies in Environmental Equipment

Price Performance

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

Returns

PeriodCECOTMOSCWOSPY
1 month -35.0%+1.2%-23.5% -1.0%
3 months -35.5%+18.6%+8.8% +2.9%
6 months -24.8%+43.5%-20.9% +6.4%
Year to date -18.5%+16.3%+15.2% +11.4%
1 year -4.1%+17.8%-51.8% +13.1%
3 years +214.0%+47.1%-86.8% +79.4%
3 years, per year +46.5%+13.7%-49.1% +21.5%
5 years +612.0%+10.1%-91.0% +67.7%
5 years, per year +48.1%+1.9%-38.3% +10.9%
10 years +364.0%+347.3%— +255.2%
10 years, per year +16.6%+16.2%— +13.5%

Risk

MeasureCECOTMOSCWOSPY
Volatility, 1Y 67.3%29.8%105.0% 12.7%
Downside volatility, 1Y 72.6%28.3%112.3% 12.7%
Beta vs S&P 500, 1Y 1.970.592.05 1.00
Return / volatility, 1Y -0.060.60-0.49 1.03
Max drawdown, 5Y -51.1%-41.5%-96.4% -25.4%
From 52-week high -51.1%-3.3%-51.8% -2.5%
52-week high $99.67$696.55$4.87 $779.14
52-week low $47.44$438.34$1.76 $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.

MultipleCECOTMOSCWO
P/E now vs peer median -69.0xmedian 25.9x 35.9xmedian 30.7x -1.6xmedian 25.9x
P/S now vs peer median 2.3xmedian 2.5x 5.4xmedian 3.0x 16.2xmedian 2.5x
EV/EBITDA now vs peer median 98.0xmedian 19.3x 25.9xmedian 17.7x -1.6xmedian 19.3x
P/FCF now vs peer median -97.8xmedian 25.4x 34.0xmedian 23.7x —median 25.4x
P/B now vs peer median 1.0xmedian 2.0x 4.7xmedian 2.4x 10.5xmedian 2.0x
PEG now vs peer median 1.31median 1.53 4.27median 0.96 —median 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 monthsCECOTMOSCWO
Revenue $903.17M $46.34B $1.93M
Gross profit $290.34M $18.91B -$506.69K
Operating income -$5.38M $8.15B -$18.98M
Net income -$28.18M $6.99B -$19.97M
Free cash flow -$21.60M $7.32B –
R&D – $1.40B $2.28M
EPS (diluted) $-0.71 $18.78 $-1.13
Cash & equivalents $61.10M $4.06B $1.78M
Total debt $1.41B $42.55B $1.39M
Shares (diluted) 43.31M 371.00M 17.61M
Enterprise value $1.92B $233.20B $23.06M

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
MetricCECOTMOSCWO
P/E -69.0x 35.9x -1.6x
P/FCF -97.8x 34.0x –
P/Operating cash flow -293.3x 27.6x –
P/S 2.3x 5.4x 16.2x
P/B 1.0x 4.7x 10.5x
P/Tangible book 2.0x 7.3x 15.0x
EV/EBITDA 98.0x 25.9x -1.6x
EV/EBIT -517.0x 35.3x -1.6x
EV/Revenue 3.1x 6.2x 15.3x
EV/FCF -128.7x 39.3x –
EV/Operating cash flow -385.8x 31.9x –
PEG (3Y EPS CAGR) 1.31 4.27 –

Growth

14 metrics
MetricCECOTMOSCWO
Revenue growth (1Y) 37.6% 7.2% 57.1%
Revenue CAGR (3Y) 24.6% 2.1% -9.0%
Gross profit growth (1Y) 25.6% 6.2% 31.7%
Gross profit CAGR (3Y) 26.1% 3.0% -57.2%
Operating income growth (1Y) -105.5% 10.0% -18.6%
Operating income CAGR (3Y) -30.3% 6.7% -45.9%
Net income growth (1Y) -152.2% 6.2% -26.8%
Net income CAGR (3Y) -53.8% 6.9% -97.7%
EPS growth (1Y) -149.3% 7.8% -4.4%
EPS CAGR (3Y) -52.7% 8.4% –
Operating cash flow growth (1Y) -196.9% 18.9% –
Operating cash flow CAGR (3Y) -29.1% 5.4% –
Free cash flow growth (1Y) -27.1% 18.6% –
Free cash flow CAGR (3Y) -36.0% 7.7% –

Profitability

14 metrics
MetricCECOTMOSCWO
Gross margin 32.1% 40.8% -26.2%
EBITDA margin 3.1% 23.9% -940.2%
Operating margin -0.6% 17.6% -981.6%
Pretax margin -3.9% 16.5% -1,033%
Net margin -3.4% 15.0% -1,033%
FCF margin -2.4% 15.8% –
Operating cash flow margin -0.8% 19.5% –
Return on equity -2.3% 13.4% -411.3%
Return on assets -1.2% 6.2% -163.7%
Return on invested capital -0.3% 7.9% –
Return on capital employed -0.3% 8.3% -220.5%
Asset turnover 0.4x 0.4x 0.2x
Cash conversion (OCF / net income) 0.3x 1.3x –
Stock comp / revenue 2.2% 0.7% 178.2%

Financial Health

11 metrics
MetricCECOTMOSCWO
Debt / assets 19.5% 37.6% 0.6%
Debt / equity 0.3x 0.8x 0.0x
Net debt / EBITDA 23.5x 3.5x 0.1x
Debt / FCF -33.7x 5.8x –
Liabilities / assets 44.3% 53.4% 77.0%
Equity / assets 55.7% 46.6% 23.0%
Interest coverage -0.2x 5.6x -83.5x
Current ratio 1.5x 1.6x 1.7x
Quick ratio 1.0x 1.0x 1.1x
Cash ratio 0.1x 0.3x 0.5x
Altman Z-score 1.12 3.98 -8.73

Shareholder Returns

7 metrics
MetricCECOTMOSCWO
Dividend yield – 0.3% –
Net buyback yield – 2.0% –
Shareholder yield 0.0% 2.3% –
Payout ratio (earnings) – 9.5% –
Payout ratio (FCF) – 9.0% –
Dividend growth (1Y) – 8.5% –
Dividend CAGR (3Y) – 10.8% –

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.

ConsensusCECOTMOSCWO
Forward P/E 20.2xFY2026 26.1xFY2026 –
EPS, next fiscal year $2.41FY2026 $25.77FY2026 $-0.42FY2026
EPS growth, next FY +167.8%FY2026 +12.7%FY2026 –
EPS growth, the year after +27.4% +1.8% –
Revenue, next fiscal year $1.43BFY2026 $49.99BFY2026 $53.12MFY2026
Revenue growth, next FY +84.9%FY2026 +12.2%FY2026 +24,601.4%FY2026
Revenue growth, the year after +31.3% -2.9% +5.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCECOTMOSCWO
Held by institutions 88.3% 90.2% –
Institutions holding 345 2,621 –
Change in shares held, QoQ +64.8% +0.8% –
Institutions buying 246 1,141 –
Institutions selling 71 1,144 –
Buyers to sellers 3.46 1.00 –

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.

CECOTMOSCWO
CECO 1.00 0.06 0.09
TMO 0.06 1.00 0.12
SCWO 0.09 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CECO, TMO and SCWO?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Ceco Environmental (CECO) $2.09B, Thermo Fisher Scientific (TMO) $254.18B, 374Water (SCWO) $31.12M.

Which company is growing faster?

374Water (SCWO) grew revenue fastest over the trailing twelve months: Ceco Environmental (CECO) +37.6%, Thermo Fisher Scientific (TMO) +7.2%, 374Water (SCWO) +57.1%.

Which company is more profitable?

Thermo Fisher Scientific (TMO) has the highest net margin (Ceco Environmental (CECO) -3.4%, Thermo Fisher Scientific (TMO) 15.0%, 374Water (SCWO) -1,032.7%). On return on invested capital, Thermo Fisher Scientific (TMO) leads (Ceco Environmental (CECO) -0.3%, Thermo Fisher Scientific (TMO) 7.9%).

Which stock has performed better?

Over the past year Thermo Fisher Scientific (TMO) returned the most: Ceco Environmental (CECO) -4.1%, Thermo Fisher Scientific (TMO) +17.8%, 374Water (SCWO) -51.8%. Over five years, Ceco Environmental (CECO) compounded fastest (Ceco Environmental (CECO) +48.1%/yr, Thermo Fisher Scientific (TMO) +1.9%/yr, 374Water (SCWO) -38.3%/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%, Thermo Fisher Scientific (TMO) 0.00%, 374Water (SCWO) 0.00%. Ceco Environmental (CECO) and 374Water (SCWO) pays no regular dividend.

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%, 374Water (SCWO) 105.0%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Thermo Fisher Scientific (TMO) 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.