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Side-by-side financial comparison of CECO ENVIRONMENTAL CORP (CECO) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.

EXPRO GROUP HOLDINGS N.V. is the larger business by last-quarter revenue ($367.6M vs $205.9M, roughly 1.8× CECO ENVIRONMENTAL CORP). On growth, CECO ENVIRONMENTAL CORP posted the faster year-over-year revenue change (16.5% vs -6.0%). Over the past eight quarters, CECO ENVIRONMENTAL CORP's revenue compounded faster (22.4% CAGR vs -11.5%).

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.

Expro is an energy services provider headquartered in Houston, Texas, United States.

CECO vs XPRO — Head-to-Head

Bigger by revenue
XPRO
XPRO
1.8× larger
XPRO
$367.6M
$205.9M
CECO
Growing faster (revenue YoY)
CECO
CECO
+22.5% gap
CECO
16.5%
-6.0%
XPRO
Faster 2-yr revenue CAGR
CECO
CECO
Annualised
CECO
22.4%
-11.5%
XPRO

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CECO
CECO
XPRO
XPRO
Revenue
$205.9M
$367.6M
Net Profit
Gross Margin
31.0%
6.7%
Operating Margin
0.9%
0.0%
Net Margin
Revenue YoY
16.5%
-6.0%
Net Profit YoY
EPS (diluted)
$0.98
$0.05

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
XPRO
XPRO
Q1 26
$205.9M
$367.6M
Q4 25
$214.7M
$382.1M
Q3 25
$197.6M
$411.4M
Q2 25
$185.4M
$422.7M
Q1 25
$176.7M
$390.9M
Q4 24
$158.6M
$436.8M
Q3 24
$135.5M
$422.8M
Q2 24
$137.5M
$469.6M
Net Profit
CECO
CECO
XPRO
XPRO
Q1 26
Q4 25
$3.1M
$5.8M
Q3 25
$1.5M
$14.0M
Q2 25
$9.5M
$18.0M
Q1 25
$36.0M
$13.9M
Q4 24
$4.9M
$23.0M
Q3 24
$2.1M
$16.3M
Q2 24
$4.5M
$15.3M
Gross Margin
CECO
CECO
XPRO
XPRO
Q1 26
31.0%
6.7%
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
XPRO
XPRO
Q1 26
0.9%
0.0%
Q4 25
7.7%
3.1%
Q3 25
4.8%
6.4%
Q2 25
9.7%
7.7%
Q1 25
35.0%
2.6%
Q4 24
7.1%
7.3%
Q3 24
5.3%
6.2%
Q2 24
6.7%
5.9%
Net Margin
CECO
CECO
XPRO
XPRO
Q1 26
Q4 25
1.4%
1.5%
Q3 25
0.8%
3.4%
Q2 25
5.1%
4.3%
Q1 25
20.4%
3.6%
Q4 24
3.1%
5.3%
Q3 24
1.5%
3.8%
Q2 24
3.3%
3.3%
EPS (diluted)
CECO
CECO
XPRO
XPRO
Q1 26
$0.98
$0.05
Q4 25
$0.09
$0.05
Q3 25
$0.04
$0.12
Q2 25
$0.26
$0.16
Q1 25
$0.98
$0.12
Q4 24
$0.14
$0.20
Q3 24
$0.06
$0.14
Q2 24
$0.12
$0.13

Balance Sheet & Financial Strength

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

Metric
CECO
CECO
XPRO
XPRO
Cash + ST InvestmentsLiquidity on hand
$45.4M
$170.7M
Total DebtLower is stronger
$5.3M
$79.1M
Stockholders' EquityBook value
$317.2M
$1.5B
Total Assets
$1.0B
$2.2B
Debt / EquityLower = less leverage
0.02×
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CECO
CECO
XPRO
XPRO
Q1 26
$45.4M
$170.7M
Q4 25
$33.1M
$196.1M
Q3 25
$32.8M
$197.9M
Q2 25
$36.8M
$206.8M
Q1 25
$146.5M
$179.3M
Q4 24
$37.8M
$183.0M
Q3 24
$38.7M
$165.7M
Q2 24
$36.5M
$133.5M
Total Debt
CECO
CECO
XPRO
XPRO
Q1 26
$5.3M
$79.1M
Q4 25
$212.4M
$79.1M
Q3 25
$220.9M
$99.1M
Q2 25
$238.7M
$121.1M
Q1 25
$339.7M
$121.1M
Q4 24
$218.9M
$121.1M
Q3 24
$133.4M
$121.1M
Q2 24
$130.8M
$121.1M
Stockholders' Equity
CECO
CECO
XPRO
XPRO
Q1 26
$317.2M
$1.5B
Q4 25
$317.5M
$1.5B
Q3 25
$309.2M
$1.5B
Q2 25
$298.4M
$1.5B
Q1 25
$285.8M
$1.5B
Q4 24
$247.7M
$1.5B
Q3 24
$241.3M
$1.5B
Q2 24
$235.0M
$1.5B
Total Assets
CECO
CECO
XPRO
XPRO
Q1 26
$1.0B
$2.2B
Q4 25
$893.8M
$2.3B
Q3 25
$891.9M
$2.3B
Q2 25
$876.6M
$2.3B
Q1 25
$957.1M
$2.3B
Q4 24
$759.7M
$2.3B
Q3 24
$621.5M
$2.3B
Q2 24
$598.1M
$2.3B
Debt / Equity
CECO
CECO
XPRO
XPRO
Q1 26
0.02×
0.05×
Q4 25
0.67×
0.05×
Q3 25
0.71×
0.07×
Q2 25
0.80×
0.08×
Q1 25
1.19×
0.08×
Q4 24
0.88×
0.08×
Q3 24
0.55×
0.08×
Q2 24
0.56×
0.08×

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
XPRO
XPRO
Operating Cash FlowLast quarter
$25.3M
Free Cash FlowOCF − Capex
$23.2M
FCF MarginFCF / Revenue
6.3%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$112.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CECO
CECO
XPRO
XPRO
Q1 26
$25.3M
Q4 25
$10.0M
$57.1M
Q3 25
$15.3M
$63.2M
Q2 25
$-7.7M
$48.4M
Q1 25
$-11.7M
$41.5M
Q4 24
$1.8M
$97.4M
Q3 24
$15.1M
$55.3M
Q2 24
$6.7M
$-13.2M
Free Cash Flow
CECO
CECO
XPRO
XPRO
Q1 26
$23.2M
Q4 25
$7.3M
$23.2M
Q3 25
$11.0M
$39.0M
Q2 25
$-8.7M
$27.2M
Q1 25
$-15.1M
$8.4M
Q4 24
$-4.3M
$53.0M
Q3 24
$11.1M
$23.3M
Q2 24
$2.5M
$-49.5M
FCF Margin
CECO
CECO
XPRO
XPRO
Q1 26
6.3%
Q4 25
3.4%
6.1%
Q3 25
5.6%
9.5%
Q2 25
-4.7%
6.4%
Q1 25
-8.5%
2.1%
Q4 24
-2.7%
12.1%
Q3 24
8.2%
5.5%
Q2 24
1.9%
-10.5%
Capex Intensity
CECO
CECO
XPRO
XPRO
Q1 26
1.2%
Q4 25
1.2%
8.9%
Q3 25
2.1%
5.9%
Q2 25
0.6%
5.0%
Q1 25
1.9%
8.5%
Q4 24
3.9%
10.2%
Q3 24
3.0%
7.6%
Q2 24
3.0%
7.7%
Cash Conversion
CECO
CECO
XPRO
XPRO
Q1 26
Q4 25
3.26×
9.89×
Q3 25
10.18×
4.52×
Q2 25
-0.81×
2.69×
Q1 25
-0.33×
2.98×
Q4 24
0.37×
4.23×
Q3 24
7.24×
3.40×
Q2 24
1.49×
-0.86×

Financial Flow Comparison

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

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