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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and CECO ENVIRONMENTAL CORP (CECO). Click either name above to swap in a different company.

CECO ENVIRONMENTAL CORP is the larger business by last-quarter revenue ($205.9M vs $162.5M, roughly 1.3× Bitcoin Depot Inc.). On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 16.5%). Over the past eight quarters, CECO ENVIRONMENTAL CORP's revenue compounded faster (22.4% CAGR vs -4.9%).

Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.

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.

BTM vs CECO — Head-to-Head

Bigger by revenue
CECO
CECO
1.3× larger
CECO
$205.9M
$162.5M
BTM
Growing faster (revenue YoY)
BTM
BTM
+3.6% gap
BTM
20.1%
16.5%
CECO
Faster 2-yr revenue CAGR
CECO
CECO
Annualised
CECO
22.4%
-4.9%
BTM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BTM
BTM
CECO
CECO
Revenue
$162.5M
$205.9M
Net Profit
$5.5M
Gross Margin
31.0%
Operating Margin
7.3%
0.9%
Net Margin
3.4%
Revenue YoY
20.1%
16.5%
Net Profit YoY
690.4%
EPS (diluted)
$0.08
$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
BTM
BTM
CECO
CECO
Q1 26
$205.9M
Q4 25
$214.7M
Q3 25
$162.5M
$197.6M
Q2 25
$172.1M
$185.4M
Q1 25
$164.2M
$176.7M
Q4 24
$158.6M
Q3 24
$135.3M
$135.5M
Q2 24
$163.1M
$137.5M
Net Profit
BTM
BTM
CECO
CECO
Q1 26
Q4 25
$3.1M
Q3 25
$5.5M
$1.5M
Q2 25
$6.1M
$9.5M
Q1 25
$4.2M
$36.0M
Q4 24
$4.9M
Q3 24
$-939.0K
$2.1M
Q2 24
$-2.6M
$4.5M
Gross Margin
BTM
BTM
CECO
CECO
Q1 26
31.0%
Q4 25
35.1%
Q3 25
32.7%
Q2 25
36.2%
Q1 25
35.2%
Q4 24
35.8%
Q3 24
33.4%
Q2 24
35.7%
Operating Margin
BTM
BTM
CECO
CECO
Q1 26
0.9%
Q4 25
7.7%
Q3 25
7.3%
4.8%
Q2 25
9.2%
9.7%
Q1 25
10.8%
35.0%
Q4 24
7.1%
Q3 24
4.1%
5.3%
Q2 24
4.7%
6.7%
Net Margin
BTM
BTM
CECO
CECO
Q1 26
Q4 25
1.4%
Q3 25
3.4%
0.8%
Q2 25
3.5%
5.1%
Q1 25
2.6%
20.4%
Q4 24
3.1%
Q3 24
-0.7%
1.5%
Q2 24
-1.6%
3.3%
EPS (diluted)
BTM
BTM
CECO
CECO
Q1 26
$0.98
Q4 25
$0.09
Q3 25
$0.08
$0.04
Q2 25
$0.16
$0.26
Q1 25
$0.20
$0.98
Q4 24
$0.14
Q3 24
$-0.05
$0.06
Q2 24
$-0.13
$0.12

Balance Sheet & Financial Strength

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

Metric
BTM
BTM
CECO
CECO
Cash + ST InvestmentsLiquidity on hand
$59.3M
$45.4M
Total DebtLower is stronger
$67.5M
$5.3M
Stockholders' EquityBook value
$21.0M
$317.2M
Total Assets
$125.3M
$1.0B
Debt / EquityLower = less leverage
3.21×
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
CECO
CECO
Q1 26
$45.4M
Q4 25
$33.1M
Q3 25
$59.3M
$32.8M
Q2 25
$48.0M
$36.8M
Q1 25
$35.0M
$146.5M
Q4 24
$37.8M
Q3 24
$32.2M
$38.7M
Q2 24
$43.9M
$36.5M
Total Debt
BTM
BTM
CECO
CECO
Q1 26
$5.3M
Q4 25
$212.4M
Q3 25
$67.5M
$220.9M
Q2 25
$66.5M
$238.7M
Q1 25
$56.2M
$339.7M
Q4 24
$218.9M
Q3 24
$44.5M
$133.4M
Q2 24
$41.2M
$130.8M
Stockholders' Equity
BTM
BTM
CECO
CECO
Q1 26
$317.2M
Q4 25
$317.5M
Q3 25
$21.0M
$309.2M
Q2 25
$4.7M
$298.4M
Q1 25
$-4.6M
$285.8M
Q4 24
$247.7M
Q3 24
$-7.9M
$241.3M
Q2 24
$4.4M
$235.0M
Total Assets
BTM
BTM
CECO
CECO
Q1 26
$1.0B
Q4 25
$893.8M
Q3 25
$125.3M
$891.9M
Q2 25
$109.1M
$876.6M
Q1 25
$89.7M
$957.1M
Q4 24
$759.7M
Q3 24
$87.4M
$621.5M
Q2 24
$97.5M
$598.1M
Debt / Equity
BTM
BTM
CECO
CECO
Q1 26
0.02×
Q4 25
0.67×
Q3 25
3.21×
0.71×
Q2 25
14.18×
0.80×
Q1 25
1.19×
Q4 24
0.88×
Q3 24
0.55×
Q2 24
9.27×
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
BTM
BTM
CECO
CECO
Operating Cash FlowLast quarter
$6.6M
Free Cash FlowOCF − Capex
$2.5M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters
$27.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTM
BTM
CECO
CECO
Q1 26
Q4 25
$10.0M
Q3 25
$6.6M
$15.3M
Q2 25
$10.2M
$-7.7M
Q1 25
$16.3M
$-11.7M
Q4 24
$1.8M
Q3 24
$5.8M
$15.1M
Q2 24
$10.1M
$6.7M
Free Cash Flow
BTM
BTM
CECO
CECO
Q1 26
Q4 25
$7.3M
Q3 25
$2.5M
$11.0M
Q2 25
$9.8M
$-8.7M
Q1 25
$15.9M
$-15.1M
Q4 24
$-4.3M
Q3 24
$-1.0M
$11.1M
Q2 24
$7.6M
$2.5M
FCF Margin
BTM
BTM
CECO
CECO
Q1 26
Q4 25
3.4%
Q3 25
1.6%
5.6%
Q2 25
5.7%
-4.7%
Q1 25
9.7%
-8.5%
Q4 24
-2.7%
Q3 24
-0.8%
8.2%
Q2 24
4.7%
1.9%
Capex Intensity
BTM
BTM
CECO
CECO
Q1 26
Q4 25
1.2%
Q3 25
2.5%
2.1%
Q2 25
0.2%
0.6%
Q1 25
0.2%
1.9%
Q4 24
3.9%
Q3 24
5.0%
3.0%
Q2 24
1.5%
3.0%
Cash Conversion
BTM
BTM
CECO
CECO
Q1 26
Q4 25
3.26×
Q3 25
1.20×
10.18×
Q2 25
1.67×
-0.81×
Q1 25
3.88×
-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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