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Side-by-side financial comparison of CECO ENVIRONMENTAL CORP (CECO) and National Bank Holdings Corp (NBHC). Click either name above to swap in a different company.

CECO ENVIRONMENTAL CORP is the larger business by last-quarter revenue ($205.9M vs $126.8M, roughly 1.6× National Bank Holdings Corp). Over the past eight quarters, CECO ENVIRONMENTAL CORP's revenue compounded faster (22.4% CAGR vs 14.0%).

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.

Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin.

CECO vs NBHC — Head-to-Head

Bigger by revenue
CECO
CECO
1.6× larger
CECO
$205.9M
$126.8M
NBHC
Faster 2-yr revenue CAGR
CECO
CECO
Annualised
CECO
22.4%
14.0%
NBHC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CECO
CECO
NBHC
NBHC
Revenue
$205.9M
$126.8M
Net Profit
$20.8M
Gross Margin
31.0%
Operating Margin
0.9%
Net Margin
16.4%
Revenue YoY
16.5%
Net Profit YoY
-14.2%
EPS (diluted)
$0.98
$0.46

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
NBHC
NBHC
Q1 26
$205.9M
$126.8M
Q4 25
$214.7M
$100.6M
Q3 25
$197.6M
$108.9M
Q2 25
$185.4M
$104.5M
Q1 25
$176.7M
$102.1M
Q4 24
$158.6M
$101.3M
Q3 24
$135.5M
$106.0M
Q2 24
$137.5M
$97.6M
Net Profit
CECO
CECO
NBHC
NBHC
Q1 26
$20.8M
Q4 25
$3.1M
$16.0M
Q3 25
$1.5M
$35.3M
Q2 25
$9.5M
$34.0M
Q1 25
$36.0M
$24.2M
Q4 24
$4.9M
$28.2M
Q3 24
$2.1M
$33.1M
Q2 24
$4.5M
$26.1M
Gross Margin
CECO
CECO
NBHC
NBHC
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
NBHC
NBHC
Q1 26
0.9%
Q4 25
7.7%
19.0%
Q3 25
4.8%
39.6%
Q2 25
9.7%
39.8%
Q1 25
35.0%
29.2%
Q4 24
7.1%
34.3%
Q3 24
5.3%
37.6%
Q2 24
6.7%
32.5%
Net Margin
CECO
CECO
NBHC
NBHC
Q1 26
16.4%
Q4 25
1.4%
15.9%
Q3 25
0.8%
32.4%
Q2 25
5.1%
32.6%
Q1 25
20.4%
23.7%
Q4 24
3.1%
27.8%
Q3 24
1.5%
31.2%
Q2 24
3.3%
26.8%
EPS (diluted)
CECO
CECO
NBHC
NBHC
Q1 26
$0.98
$0.46
Q4 25
$0.09
$0.42
Q3 25
$0.04
$0.92
Q2 25
$0.26
$0.88
Q1 25
$0.98
$0.63
Q4 24
$0.14
$0.72
Q3 24
$0.06
$0.86
Q2 24
$0.12
$0.68

Balance Sheet & Financial Strength

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

Metric
CECO
CECO
NBHC
NBHC
Cash + ST InvestmentsLiquidity on hand
$45.4M
$472.8M
Total DebtLower is stronger
$5.3M
$202.1M
Stockholders' EquityBook value
$317.2M
$1.7B
Total Assets
$1.0B
$12.6B
Debt / EquityLower = less leverage
0.02×
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CECO
CECO
NBHC
NBHC
Q1 26
$45.4M
$472.8M
Q4 25
$33.1M
$417.1M
Q3 25
$32.8M
$555.6M
Q2 25
$36.8M
$296.5M
Q1 25
$146.5M
$246.3M
Q4 24
$37.8M
$127.8M
Q3 24
$38.7M
$180.8M
Q2 24
$36.5M
$145.0M
Total Debt
CECO
CECO
NBHC
NBHC
Q1 26
$5.3M
$202.1M
Q4 25
$212.4M
$54.5M
Q3 25
$220.9M
$54.7M
Q2 25
$238.7M
$54.4M
Q1 25
$339.7M
$54.6M
Q4 24
$218.9M
$54.5M
Q3 24
$133.4M
$54.4M
Q2 24
$130.8M
$54.4M
Stockholders' Equity
CECO
CECO
NBHC
NBHC
Q1 26
$317.2M
$1.7B
Q4 25
$317.5M
$1.4B
Q3 25
$309.2M
$1.4B
Q2 25
$298.4M
$1.4B
Q1 25
$285.8M
$1.3B
Q4 24
$247.7M
$1.3B
Q3 24
$241.3M
$1.3B
Q2 24
$235.0M
$1.2B
Total Assets
CECO
CECO
NBHC
NBHC
Q1 26
$1.0B
$12.6B
Q4 25
$893.8M
$9.9B
Q3 25
$891.9M
$10.2B
Q2 25
$876.6M
$10.0B
Q1 25
$957.1M
$10.1B
Q4 24
$759.7M
$9.8B
Q3 24
$621.5M
$10.0B
Q2 24
$598.1M
$10.0B
Debt / Equity
CECO
CECO
NBHC
NBHC
Q1 26
0.02×
0.12×
Q4 25
0.67×
0.04×
Q3 25
0.71×
0.04×
Q2 25
0.80×
0.04×
Q1 25
1.19×
0.04×
Q4 24
0.88×
0.04×
Q3 24
0.55×
0.04×
Q2 24
0.56×
0.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CECO
CECO

Segment breakdown not available.

NBHC
NBHC

Net Interest Income$108.8M86%
Noninterest Income$18.0M14%

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