CDRE vs. CECO

Last updated Jun 3, 2026

CDRE (Cadre Holdings, Inc.) and CECO (CECO Environmental Corp.) are both stocks. Both are in the Industrials sector — CDRE in Aerospace & Defense, CECO in Pollution & Treatment Controls. Over the past 3 years, CDRE returned 12.13%/yr vs 85.27%/yr for CECO. At a 0.32 correlation, their price movements are largely independent.

Performance

CDRE vs. CECO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cadre Holdings, Inc. (CDRE) and CECO Environmental Corp. (CECO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDRE achieves a -25.62% return, which is significantly lower than CECO's 31.11% return.

CDRE

• 1D: -1.37%
• 1M: 1.17%
• YTD: -25.62%
• 6M: -29.16%
• 1Y: -7.47%
• 3Y*: 12.13%
• 5Y*: —
• 10Y*: —

CECO

• 1D: -0.71%
• 1M: 5.61%
• YTD: 31.11%
• 6M: 50.10%
• 1Y: 189.99%
• 3Y*: 85.27%
• 5Y*: 58.36%
• 10Y*: 25.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDRE vs. CECO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CDRE Cadre Holdings, Inc.	-25.62%	27.80%	-0.79%	65.53%	-19.74%	66.91%
CECO CECO Environmental Corp.	31.11%	97.98%	49.06%	73.63%	87.48%	-12.75%

Correlation

The correlation between CDRE and CECO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Nov 5, 2021	0.32

Fundamentals

Market Cap CDRE : $1.31B CECO : $2.88B
EPS CDRE : $0.87 CECO : $0.47
PE Ratio CDRE : 34.52 CECO : 167.83
PEG Ratio CDRE : 0.28 CECO : 0.48
PS Ratio CDRE : 2.00 CECO : 3.54
PB Ratio CDRE : 3.90 CECO : 9.24
Total Revenue (TTM) CDRE : $635.63M CECO : $812.38M
Gross Profit (TTM) CDRE : $258.01M CECO : $278.45M
EBITDA (TTM) CDRE : $82.14M CECO : $77.75M

Return for Risk

CDRE vs. CECO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CDRE

CDRE Risk / Return Rank: 33
CDRE Sharpe Ratio Rank: 33
CDRE Sortino Ratio Rank: 32
CDRE Omega Ratio Rank: 32
CDRE Calmar Ratio Rank: 35
CDRE Martin Ratio Rank: 33

CECO

CECO Risk / Return Rank: 92
CECO Sharpe Ratio Rank: 95
CECO Sortino Ratio Rank: 89
CECO Omega Ratio Rank: 91
CECO Calmar Ratio Rank: 92
CECO Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDRE vs. CECO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cadre Holdings, Inc. (CDRE) and CECO Environmental Corp. (CECO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CDRE	CECO	Difference
Sharpe ratio Return per unit of total volatility	-0.16	3.20	-3.36
Sortino ratio Return per unit of downside risk	0.10	3.22	-3.12
Omega ratio Gain probability vs. loss probability	1.01	1.45	-0.44
Calmar ratio Return relative to maximum drawdown	-0.17	5.47	-5.64
Martin ratio Return relative to average drawdown	-0.39	17.25	-17.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDRE vs. CECO - Sharpe Ratio Comparison

The current CDRE Sharpe Ratio is -0.16, which is lower than the CECO Sharpe Ratio of 3.20. The chart below compares the historical Sharpe Ratios of CDRE and CECO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CDRE	CECO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.16	3.20	-3.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.16	+0.22

Drawdowns

CDRE vs. CECO - Drawdown Comparison

The maximum CDRE drawdown since its inception was -40.57%, smaller than the maximum CECO drawdown of -90.64%. Use the drawdown chart below to compare losses from any high point for CDRE and CECO.

Drawdown Indicators

	CDRE	CECO	Difference
Max Drawdown Largest peak-to-trough decline	-40.57%	-90.64%	+50.07%
Max Drawdown (1Y) Largest decline over 1 year	-40.57%	-35.08%	-5.49%
Max Drawdown (3Y) Largest decline over 3 years	-40.57%	-47.93%	+7.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-48.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-74.13%	—
Current Drawdown Current decline from peak	-34.23%	-12.68%	-21.55%
Average Drawdown Average peak-to-trough decline	-14.46%	-46.29%	+31.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.44%	11.12%	+6.32%

Volatility

CDRE vs. CECO - Volatility Comparison

The current volatility for Cadre Holdings, Inc. (CDRE) is 17.92%, while CECO Environmental Corp. (CECO) has a volatility of 24.03%. This indicates that CDRE experiences smaller price fluctuations and is considered to be less risky than CECO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDRE	CECO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.92%	24.03%	-6.11%
Volatility (6M) Calculated over the trailing 6-month period	36.68%	48.56%	-11.88%
Volatility (1Y) Calculated over the trailing 1-year period	46.84%	59.84%	-13.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.93%	51.49%	-5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.93%	51.65%	-5.72%

Dividends

CDRE vs. CECO - Dividend Comparison

CDRE's dividend yield for the trailing twelve months is around 1.29%, while CECO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDRE Cadre Holdings, Inc.	1.29%	0.93%	1.08%	0.97%	1.59%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CECO CECO Environmental Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.39%	1.89%	3.44%

Financials

CDRE vs. CECO - Profitability Comparison

The chart below illustrates the profitability comparison between Cadre Holdings, Inc. and CECO Environmental Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CDRE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cadre Holdings, Inc. reported a gross profit of 60.17M and revenue of 155.43M. Therefore, the gross margin over that period was 38.7%.

CECO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CECO Environmental Corp. reported a gross profit of 75.38M and revenue of 214.69M. Therefore, the gross margin over that period was 35.1%.

CDRE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cadre Holdings, Inc. reported an operating income of 7.49M and revenue of 155.43M, resulting in an operating margin of 4.8%.

CECO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CECO Environmental Corp. reported an operating income of 16.53M and revenue of 214.69M, resulting in an operating margin of 7.7%.

CDRE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cadre Holdings, Inc. reported a net income of 1.98M and revenue of 155.43M, resulting in a net margin of 1.3%.

CECO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CECO Environmental Corp. reported a net income of 3.06M and revenue of 214.69M, resulting in a net margin of 1.4%.

Frequently Asked Questions

Can I hold both CDRE and CECO in my portfolio?

CDRE and CECO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDRE or CECO?

CECO has higher volatility (24.03%) compared to CDRE (17.92%). In terms of maximum drawdown, CDRE dropped -40.57% vs CECO's -90.64%.

Which has better risk-adjusted returns?

CECO currently has the higher Sharpe Ratio (3.20 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.