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Side-by-side financial comparison of CECO ENVIRONMENTAL CORP (CECO) and MATTHEWS INTERNATIONAL CORP (MATW). Click either name above to swap in a different company.

MATTHEWS INTERNATIONAL CORP is the larger business by last-quarter revenue ($284.8M vs $205.9M, roughly 1.4× CECO ENVIRONMENTAL CORP). On growth, CECO ENVIRONMENTAL CORP posted the faster year-over-year revenue change (16.5% vs -29.1%).

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.

Matthews Aurora Funeral Solutions is one of the largest manufacturers of caskets and funerary urns in the United States, selling over 38% of the country's caskets as of 2005. The Aurora, Indiana–based company is a subsidiary of Pittsburgh-based Matthews International. The company makes both wooden and metal caskets and urns for holding cremated remains. It also provides supplies and consulting services for funeral homes.

CECO vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.4× larger
MATW
$284.8M
$205.9M
CECO
Growing faster (revenue YoY)
CECO
CECO
+45.7% gap
CECO
16.5%
-29.1%
MATW

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CECO
CECO
MATW
MATW
Revenue
$205.9M
$284.8M
Net Profit
$43.6M
Gross Margin
31.0%
35.0%
Operating Margin
0.9%
34.2%
Net Margin
15.3%
Revenue YoY
16.5%
-29.1%
Net Profit YoY
1356.6%
EPS (diluted)
$0.98
$1.39

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
MATW
MATW
Q1 26
$205.9M
Q4 25
$214.7M
$284.8M
Q3 25
$197.6M
Q2 25
$185.4M
Q1 25
$176.7M
Q4 24
$158.6M
Q3 24
$135.5M
Q2 24
$137.5M
Net Profit
CECO
CECO
MATW
MATW
Q1 26
Q4 25
$3.1M
$43.6M
Q3 25
$1.5M
Q2 25
$9.5M
Q1 25
$36.0M
Q4 24
$4.9M
Q3 24
$2.1M
Q2 24
$4.5M
Gross Margin
CECO
CECO
MATW
MATW
Q1 26
31.0%
Q4 25
35.1%
35.0%
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
MATW
MATW
Q1 26
0.9%
Q4 25
7.7%
34.2%
Q3 25
4.8%
Q2 25
9.7%
Q1 25
35.0%
Q4 24
7.1%
Q3 24
5.3%
Q2 24
6.7%
Net Margin
CECO
CECO
MATW
MATW
Q1 26
Q4 25
1.4%
15.3%
Q3 25
0.8%
Q2 25
5.1%
Q1 25
20.4%
Q4 24
3.1%
Q3 24
1.5%
Q2 24
3.3%
EPS (diluted)
CECO
CECO
MATW
MATW
Q1 26
$0.98
Q4 25
$0.09
$1.39
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
CECO
CECO
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$45.4M
$31.4M
Total DebtLower is stronger
$5.3M
$529.8M
Stockholders' EquityBook value
$317.2M
$543.2M
Total Assets
$1.0B
$1.6B
Debt / EquityLower = less leverage
0.02×
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CECO
CECO
MATW
MATW
Q1 26
$45.4M
Q4 25
$33.1M
$31.4M
Q3 25
$32.8M
Q2 25
$36.8M
Q1 25
$146.5M
Q4 24
$37.8M
Q3 24
$38.7M
Q2 24
$36.5M
Total Debt
CECO
CECO
MATW
MATW
Q1 26
$5.3M
Q4 25
$212.4M
$529.8M
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
CECO
CECO
MATW
MATW
Q1 26
$317.2M
Q4 25
$317.5M
$543.2M
Q3 25
$309.2M
Q2 25
$298.4M
Q1 25
$285.8M
Q4 24
$247.7M
Q3 24
$241.3M
Q2 24
$235.0M
Total Assets
CECO
CECO
MATW
MATW
Q1 26
$1.0B
Q4 25
$893.8M
$1.6B
Q3 25
$891.9M
Q2 25
$876.6M
Q1 25
$957.1M
Q4 24
$759.7M
Q3 24
$621.5M
Q2 24
$598.1M
Debt / Equity
CECO
CECO
MATW
MATW
Q1 26
0.02×
Q4 25
0.67×
0.98×
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
CECO
CECO
MATW
MATW
Operating Cash FlowLast quarter
$-52.0M
Free Cash FlowOCF − Capex
$-57.2M
FCF MarginFCF / Revenue
-20.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
-1.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CECO
CECO
MATW
MATW
Q1 26
Q4 25
$10.0M
$-52.0M
Q3 25
$15.3M
Q2 25
$-7.7M
Q1 25
$-11.7M
Q4 24
$1.8M
Q3 24
$15.1M
Q2 24
$6.7M
Free Cash Flow
CECO
CECO
MATW
MATW
Q1 26
Q4 25
$7.3M
$-57.2M
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
MATW
MATW
Q1 26
Q4 25
3.4%
-20.1%
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
MATW
MATW
Q1 26
Q4 25
1.2%
1.8%
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
MATW
MATW
Q1 26
Q4 25
3.26×
-1.19×
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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