CECO Historical Income Statement
| CECO Stock | USD 30.20 0.23 0.77% |
Historical analysis of CECO Environmental income statement accounts such as Interest Expense of 14.1 M, Total Revenue of 572.1 M or Gross Profit of 171 M can show how well CECO Environmental Corp performed in making a profits. Evaluating CECO Environmental income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CECO Environmental's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining CECO Environmental Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CECO Environmental Corp is a good buy for the upcoming year.
CECO |
About CECO Income Statement Analysis
CECO Environmental Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CECO Environmental shareholders. The income statement also shows CECO investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
CECO Environmental Income Statement Chart
Add Fundamental
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts CECO Environmental Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CECO Environmental Corp. It is also known as CECO Environmental overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on CECO Environmental Corp income statement and represents the costs associated with goods and services CECO Environmental provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from CECO Environmental's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CECO Environmental Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, CECO Environmental's EBIT is very stable compared to the past year. As of the 22nd of November 2024, EBITDA is likely to grow to about 55.3 M, though Total Other Income Expense Net is likely to grow to (12.4 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.0M | 5.4M | 13.4M | 14.1M | Depreciation And Amortization | 9.9M | 10.6M | 12.5M | 13.1M |
CECO Environmental income statement Correlations
Click cells to compare fundamentals
CECO Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CECO Environmental income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 10.6M | 9.9M | 9.9M | 10.6M | 12.5M | 13.1M | |
| Interest Expense | 5.4M | 3.5M | 3.0M | 5.4M | 13.4M | 14.1M | |
| Total Revenue | 341.9M | 316.0M | 324.1M | 422.6M | 544.8M | 572.1M | |
| Gross Profit | 114.1M | 105.1M | 100.9M | 128.2M | 162.8M | 171.0M | |
| Other Operating Expenses | 322.2M | 296.6M | 312.8M | 394.7M | 510.3M | 535.8M | |
| Operating Income | 18.0M | 21.4M | 9.9M | 34.9M | 34.6M | 36.3M | |
| Ebit | 18.3M | 20.6M | 12.0M | 27.7M | 40.2M | 42.2M | |
| Ebitda | 28.9M | 30.5M | 21.9M | 38.3M | 52.7M | 55.3M | |
| Cost Of Revenue | 227.8M | 210.9M | 223.2M | 294.4M | 382.0M | 401.1M | |
| Total Operating Expenses | 94.5M | 85.7M | 89.6M | 100.3M | 122.9M | 129.1M | |
| Income Before Tax | 13.3M | 11.8M | 4.7M | 23.7M | 21.5M | 22.6M | |
| Total Other Income Expense Net | (4.6M) | (1.5M) | (5.2M) | (11.2M) | (13.0M) | (12.4M) | |
| Net Income | 17.7M | 8.2M | 2.0M | 17.4M | 12.9M | 13.6M | |
| Income Tax Expense | (4.4M) | 3.7M | 2.7M | 5.4M | 7.0M | 7.4M | |
| Selling General Administrative | 86.0M | 76.9M | 81.1M | 93.0M | 122.3M | 161.1M | |
| Tax Provision | (4.4M) | 3.7M | 2.7M | 5.4M | 7.0M | 4.4M | |
| Net Interest Income | (5.4M) | (3.5M) | (3.0M) | (5.4M) | (13.4M) | (12.7M) | |
| Net Income From Continuing Ops | 17.7M | 8.2M | 2.0M | 18.3M | 14.5M | 9.8M | |
| Reconciled Depreciation | 10.6M | 9.9M | 9.9M | 10.6M | 12.5M | 8.9M | |
| Net Income Applicable To Common Shares | 17.7M | 8.2M | 1.4M | 17.4M | 20.0M | 21.0M |
Pair Trading with CECO Environmental
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CECO Environmental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CECO Environmental will appreciate offsetting losses from the drop in the long position's value.Moving together with CECO Stock
Moving against CECO Stock
| 0.49 | PCTTU | Purecycle Technologies | PairCorr |
| 0.46 | PCTTW | PureCycle Technologies | PairCorr |
| 0.45 | PFFVF | Pfeiffer Vacuum Tech | PairCorr |
| 0.45 | J | Jacobs Solutions | PairCorr |
| 0.39 | PCT | Purecycle Technologies | PairCorr |
The ability to find closely correlated positions to CECO Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CECO Environmental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CECO Environmental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CECO Environmental Corp to buy it.
The correlation of CECO Environmental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CECO Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CECO Environmental Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CECO Environmental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CECO Environmental. If investors know CECO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CECO Environmental listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.34) | Earnings Share 0.33 | Revenue Per Share 15.853 | Quarterly Revenue Growth (0.09) | Return On Assets 0.0424 |
The market value of CECO Environmental Corp is measured differently than its book value, which is the value of CECO that is recorded on the company's balance sheet. Investors also form their own opinion of CECO Environmental's value that differs from its market value or its book value, called intrinsic value, which is CECO Environmental's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CECO Environmental's market value can be influenced by many factors that don't directly affect CECO Environmental's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CECO Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if CECO Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CECO Environmental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.