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Side-by-side financial comparison of CECO ENVIRONMENTAL CORP (CECO) and CareTrust REIT, Inc. (CTRE). Click either name above to swap in a different company.

CECO ENVIRONMENTAL CORP is the larger business by last-quarter revenue ($205.9M vs $134.9M, roughly 1.5× CareTrust REIT, Inc.). On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 16.5%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs 22.4%).

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.

Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

CECO vs CTRE — Head-to-Head

Bigger by revenue
CECO
CECO
1.5× larger
CECO
$205.9M
$134.9M
CTRE
Growing faster (revenue YoY)
CTRE
CTRE
+38.6% gap
CTRE
55.1%
16.5%
CECO
Faster 2-yr revenue CAGR
CTRE
CTRE
Annualised
CTRE
46.2%
22.4%
CECO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CECO
CECO
CTRE
CTRE
Revenue
$205.9M
$134.9M
Net Profit
$111.3M
Gross Margin
31.0%
Operating Margin
0.9%
Net Margin
82.5%
Revenue YoY
16.5%
55.1%
Net Profit YoY
113.5%
EPS (diluted)
$0.98
$0.52

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
CECO
CECO
CTRE
CTRE
Q1 26
$205.9M
Q4 25
$214.7M
$134.9M
Q3 25
$197.6M
$132.4M
Q2 25
$185.4M
$112.5M
Q1 25
$176.7M
$96.6M
Q4 24
$158.6M
$86.9M
Q3 24
$135.5M
$77.4M
Q2 24
$137.5M
$68.9M
Net Profit
CECO
CECO
CTRE
CTRE
Q1 26
Q4 25
$3.1M
$111.3M
Q3 25
$1.5M
$74.9M
Q2 25
$9.5M
$68.5M
Q1 25
$36.0M
$65.8M
Q4 24
$4.9M
$52.1M
Q3 24
$2.1M
$33.4M
Q2 24
$4.5M
$10.8M
Gross Margin
CECO
CECO
CTRE
CTRE
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
CECO
CECO
CTRE
CTRE
Q1 26
0.9%
Q4 25
7.7%
Q3 25
4.8%
58.1%
Q2 25
9.7%
61.3%
Q1 25
35.0%
Q4 24
7.1%
Q3 24
5.3%
43.0%
Q2 24
6.7%
15.1%
Net Margin
CECO
CECO
CTRE
CTRE
Q1 26
Q4 25
1.4%
82.5%
Q3 25
0.8%
56.6%
Q2 25
5.1%
60.9%
Q1 25
20.4%
68.1%
Q4 24
3.1%
60.0%
Q3 24
1.5%
43.2%
Q2 24
3.3%
15.6%
EPS (diluted)
CECO
CECO
CTRE
CTRE
Q1 26
$0.98
Q4 25
$0.09
$0.52
Q3 25
$0.04
$0.35
Q2 25
$0.26
$0.35
Q1 25
$0.98
$0.35
Q4 24
$0.14
$0.30
Q3 24
$0.06
$0.21
Q2 24
$0.12
$0.07

Balance Sheet & Financial Strength

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

Metric
CECO
CECO
CTRE
CTRE
Cash + ST InvestmentsLiquidity on hand
$45.4M
$198.0M
Total DebtLower is stronger
$5.3M
$894.2M
Stockholders' EquityBook value
$317.2M
$4.0B
Total Assets
$1.0B
$5.1B
Debt / EquityLower = less leverage
0.02×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CECO
CECO
CTRE
CTRE
Q1 26
$45.4M
Q4 25
$33.1M
$198.0M
Q3 25
$32.8M
$712.5M
Q2 25
$36.8M
$306.1M
Q1 25
$146.5M
$26.5M
Q4 24
$37.8M
$213.8M
Q3 24
$38.7M
$377.1M
Q2 24
$36.5M
$495.1M
Total Debt
CECO
CECO
CTRE
CTRE
Q1 26
$5.3M
Q4 25
$212.4M
$894.2M
Q3 25
$220.9M
$893.8M
Q2 25
$238.7M
$1.2B
Q1 25
$339.7M
$822.1M
Q4 24
$218.9M
$396.9M
Q3 24
$133.4M
$396.7M
Q2 24
$130.8M
$671.1M
Stockholders' Equity
CECO
CECO
CTRE
CTRE
Q1 26
$317.2M
Q4 25
$317.5M
$4.0B
Q3 25
$309.2M
$4.0B
Q2 25
$298.4M
$3.3B
Q1 25
$285.8M
$2.9B
Q4 24
$247.7M
$2.9B
Q3 24
$241.3M
$2.4B
Q2 24
$235.0M
$1.9B
Total Assets
CECO
CECO
CTRE
CTRE
Q1 26
$1.0B
Q4 25
$893.8M
$5.1B
Q3 25
$891.9M
$5.1B
Q2 25
$876.6M
$4.7B
Q1 25
$957.1M
$3.9B
Q4 24
$759.7M
$3.4B
Q3 24
$621.5M
$2.9B
Q2 24
$598.1M
$2.7B
Debt / Equity
CECO
CECO
CTRE
CTRE
Q1 26
0.02×
Q4 25
0.67×
0.22×
Q3 25
0.71×
0.22×
Q2 25
0.80×
0.35×
Q1 25
1.19×
0.28×
Q4 24
0.88×
0.14×
Q3 24
0.55×
0.16×
Q2 24
0.56×
0.35×

Cash Flow & Capital Efficiency

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

Metric
CECO
CECO
CTRE
CTRE
Operating Cash FlowLast quarter
$394.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CECO
CECO
CTRE
CTRE
Q1 26
Q4 25
$10.0M
$394.0M
Q3 25
$15.3M
$100.9M
Q2 25
$-7.7M
$100.8M
Q1 25
$-11.7M
$71.4M
Q4 24
$1.8M
$244.3M
Q3 24
$15.1M
$67.2M
Q2 24
$6.7M
$53.0M
Free Cash Flow
CECO
CECO
CTRE
CTRE
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
CECO
CECO
CTRE
CTRE
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
CECO
CECO
CTRE
CTRE
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
CECO
CECO
CTRE
CTRE
Q1 26
Q4 25
3.26×
3.54×
Q3 25
10.18×
1.35×
Q2 25
-0.81×
1.47×
Q1 25
-0.33×
1.08×
Q4 24
0.37×
4.68×
Q3 24
7.24×
2.01×
Q2 24
1.49×
4.92×

Financial Flow Comparison

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

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