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Side-by-side financial comparison of Ascendis Pharma A/S (ASND) and CECO ENVIRONMENTAL CORP (CECO). Click either name above to swap in a different company.

Ascendis Pharma A/S is the larger business by last-quarter revenue ($267.3M vs $205.9M, roughly 1.3× CECO ENVIRONMENTAL CORP). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs 16.5%). Over the past eight quarters, Ascendis Pharma A/S's revenue compounded faster (60.7% CAGR vs 22.4%).

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

CECO Environmental Corp. is an American industrial technology company founded in 1966 and headquartered in Dallas, Texas. It is publicly traded on the Nasdaq Stock Market under the ticker symbol CECO. The company provides air pollution control technology, products, and services for industrial markets, including manufacturing, chemical processing, energy, and refining.

ASND vs CECO — Head-to-Head

Bigger by revenue
ASND
ASND
1.3× larger
ASND
$267.3M
$205.9M
CECO
Growing faster (revenue YoY)
ASND
ASND
+25.8% gap
ASND
42.3%
16.5%
CECO
Faster 2-yr revenue CAGR
ASND
ASND
Annualised
ASND
60.7%
22.4%
CECO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ASND
ASND
CECO
CECO
Revenue
$267.3M
$205.9M
Net Profit
Gross Margin
90.5%
31.0%
Operating Margin
0.9%
Net Margin
Revenue YoY
42.3%
16.5%
Net Profit YoY
EPS (diluted)
$0.98

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASND
ASND
CECO
CECO
Q1 26
$205.9M
Q4 25
$267.3M
$214.7M
Q3 25
$230.7M
$197.6M
Q2 25
$170.7M
$185.4M
Q1 25
$109.0M
$176.7M
Q4 24
$187.8M
$158.6M
Q3 24
$62.5M
$135.5M
Q2 24
$38.9M
$137.5M
Net Profit
ASND
ASND
CECO
CECO
Q1 26
Q4 25
$3.1M
Q3 25
$-65.9M
$1.5M
Q2 25
$-42.0M
$9.5M
Q1 25
$-102.2M
$36.0M
Q4 24
$4.9M
Q3 24
$-107.1M
$2.1M
Q2 24
$-118.1M
$4.5M
Gross Margin
ASND
ASND
CECO
CECO
Q1 26
31.0%
Q4 25
90.5%
35.1%
Q3 25
89.5%
32.7%
Q2 25
80.1%
36.2%
Q1 25
82.6%
35.2%
Q4 24
91.9%
35.8%
Q3 24
80.6%
33.4%
Q2 24
68.2%
35.7%
Operating Margin
ASND
ASND
CECO
CECO
Q1 26
0.9%
Q4 25
7.7%
Q3 25
5.1%
4.8%
Q2 25
-33.5%
9.7%
Q1 25
-103.2%
35.0%
Q4 24
7.1%
Q3 24
-167.3%
5.3%
Q2 24
-370.2%
6.7%
Net Margin
ASND
ASND
CECO
CECO
Q1 26
Q4 25
1.4%
Q3 25
-28.5%
0.8%
Q2 25
-24.6%
5.1%
Q1 25
-93.7%
20.4%
Q4 24
3.1%
Q3 24
-171.5%
1.5%
Q2 24
-303.9%
3.3%
EPS (diluted)
ASND
ASND
CECO
CECO
Q1 26
$0.98
Q4 25
$0.09
Q3 25
$0.04
Q2 25
$0.26
Q1 25
$0.98
Q4 24
$0.14
Q3 24
$0.06
Q2 24
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASND
ASND
CECO
CECO
Cash + ST InvestmentsLiquidity on hand
$665.3M
$45.4M
Total DebtLower is stronger
$5.3M
Stockholders' EquityBook value
$-175.8M
$317.2M
Total Assets
$1.4B
$1.0B
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASND
ASND
CECO
CECO
Q1 26
$45.4M
Q4 25
$665.3M
$33.1M
Q3 25
$582.2M
$32.8M
Q2 25
$533.6M
$36.8M
Q1 25
$559.4M
$146.5M
Q4 24
$604.3M
$37.8M
Q3 24
$675.6M
$38.7M
Q2 24
$279.4M
$36.5M
Total Debt
ASND
ASND
CECO
CECO
Q1 26
$5.3M
Q4 25
$212.4M
Q3 25
$220.9M
Q2 25
$238.7M
Q1 25
$339.7M
Q4 24
$218.9M
Q3 24
$133.4M
Q2 24
$130.8M
Stockholders' Equity
ASND
ASND
CECO
CECO
Q1 26
$317.2M
Q4 25
$-175.8M
$317.5M
Q3 25
$-188.0M
$309.2M
Q2 25
$-202.6M
$298.4M
Q1 25
$-205.0M
$285.8M
Q4 24
$-114.2M
$247.7M
Q3 24
$-105.1M
$241.3M
Q2 24
$-346.8M
$235.0M
Total Assets
ASND
ASND
CECO
CECO
Q1 26
$1.0B
Q4 25
$1.4B
$893.8M
Q3 25
$1.2B
$891.9M
Q2 25
$1.2B
$876.6M
Q1 25
$1.1B
$957.1M
Q4 24
$1.3B
$759.7M
Q3 24
$1.2B
$621.5M
Q2 24
$819.0M
$598.1M
Debt / Equity
ASND
ASND
CECO
CECO
Q1 26
0.02×
Q4 25
0.67×
Q3 25
0.71×
Q2 25
0.80×
Q1 25
1.19×
Q4 24
0.88×
Q3 24
0.55×
Q2 24
0.56×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASND
ASND
CECO
CECO
Operating Cash FlowLast quarter
$58.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASND
ASND
CECO
CECO
Q1 26
Q4 25
$58.2M
$10.0M
Q3 25
$15.3M
Q2 25
$-7.7M
Q1 25
$-15.5M
$-11.7M
Q4 24
$-330.7M
$1.8M
Q3 24
$15.1M
Q2 24
$6.7M
Free Cash Flow
ASND
ASND
CECO
CECO
Q1 26
Q4 25
$7.3M
Q3 25
$11.0M
Q2 25
$-8.7M
Q1 25
$-15.1M
Q4 24
$-4.3M
Q3 24
$11.1M
Q2 24
$2.5M
FCF Margin
ASND
ASND
CECO
CECO
Q1 26
Q4 25
3.4%
Q3 25
5.6%
Q2 25
-4.7%
Q1 25
-8.5%
Q4 24
-2.7%
Q3 24
8.2%
Q2 24
1.9%
Capex Intensity
ASND
ASND
CECO
CECO
Q1 26
Q4 25
1.2%
Q3 25
2.1%
Q2 25
0.6%
Q1 25
1.9%
Q4 24
3.9%
Q3 24
3.0%
Q2 24
3.0%
Cash Conversion
ASND
ASND
CECO
CECO
Q1 26
Q4 25
3.26×
Q3 25
10.18×
Q2 25
-0.81×
Q1 25
-0.33×
Q4 24
0.37×
Q3 24
7.24×
Q2 24
1.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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