AQN vs CECO

Comparison between Algonquin Power & Utilities Corp (AQN, Company) and Ceco Environmental Corp (CECO, Company).

AQN is from the Utilities sector, while CECO is from the Industrials sector.

5-Year PerformanceCECO has outperformed AQN, delivering a return of +62.7% compared to -13.2%

AQN vs CECO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AQN(COMPANY)	CECO(COMPANY)
Market Cap	$4.44B	$4.43B
Max Drawdown	75.93%	90.64%
Sharpe Ratio	0.22	1.10
5Y Beta	0.45	1.23
Industry	Utilities - Diversified	Pollution & Treatment Controls
P/E Ratio	24.54	-158.59
Forward P/E	16.10	35.97
Dividend Yield	4.59%	N/A
5Y Dividends CAGR	-12.56%	20.59%
5Y EPS CAGR	-9.80%	N/A
Debt to Equity	140.76%	35.06%
Free Cash Flow Yield	13.38%	-0.49%

Market Cap

Winner

AQN

$4.44B

CECO

$4.43B

Max Drawdown

Winner

AQN

75.93%

CECO

90.64%

Sharpe Ratio

AQN

0.22

Winner

CECO

1.10

5Y Beta

Winner

AQN

0.45

CECO

1.23

Industry

AQN

Utilities - Diversified

CECO

Pollution & Treatment Controls

P/E Ratio

AQN

24.54

Winner

CECO

-158.59

Forward P/E

Winner

AQN

16.10

CECO

35.97

Dividend Yield

AQN

4.59%

CECO

N/A

5Y Dividends CAGR

AQN

-12.56%

Winner

CECO

20.59%

5Y EPS CAGR

AQN

-9.80%

CECO

N/A

Debt to Equity

AQN

140.76%

Winner

CECO

35.06%

Free Cash Flow Yield

Winner

AQN

13.38%

CECO

-0.49%

AQN vs CECO - Historical Returns

Returns include dividend reinvestment.

Period	AQN	CECO
1 month	+1.75%	-6.20%
3 months	-0.43%	-7.60%
6 months	-12.67%	-2.93%
1 year	+4.50%	+66.82%
5 years(CAGR)	-13.21%	+62.65%
10 years(CAGR)	+0.29%	+22.65%
Max(CAGR)	+8.63%	+14.93%

Winner

AQN

+1.75%

CECO

-6.20%

Winner

AQN

-0.43%

CECO

-7.60%

AQN

-12.67%

Winner

CECO

-2.93%

AQN

+4.50%

Winner

CECO

+66.82%

5Y(CAGR)

AQN

-13.21%

Winner

CECO

+62.65%

10Y(CAGR)

AQN

+0.29%

Winner

CECO

+22.65%

Max(CAGR)

AQN

+8.63%

Winner

CECO

+14.93%

AQN vs CECO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AQN	CECO
2026	-2.83%	+28.48%
2025	+41.89%	+90.61%
2024	-26.60%	+51.23%
2023	-0.32%	+78.84%
2022	-51.42%	+85.69%
2021	-7.04%	-9.84%
2020	+22.42%	-9.37%
2019	+48.35%	+11.82%
2018	-4.96%	+28.82%
2017	+39.71%	-62.52%
2016	+15.29%	+95.29%
2015	+0.44%	-48.63%
2014	+26.60%	-1.91%
2013	-0.20%	+62.67%
2012	+14.24%	+80.96%
2011	+31.89%	-4.15%
2010	+34.05%	+49.00%
2009	+16.77%	+54.90%
2008	N/A	-78.10%
2007	N/A	+11.47%
2006	N/A	+58.76%
2005	N/A	+53.06%
2004	N/A	+96.68%
2003	N/A	-14.06%
2002	N/A	-43.77%
2001	N/A	+140.00%
2000	N/A	-42.11%
1999	N/A	+17.65%

AQN vs CECO Drawdown Comparison

The maximum drawdown for AQN was -69.78%, occurring on Dec 19, 2024. This drawdown has not yet recovered.

The maximum drawdown for CECO was -90.64%, occurring on Nov 20, 2008. Recovery took 1655 trading sessions.

The current AQN drawdown is -55.68%. The current CECO drawdown is -22.93%.

Rank	AQN	CECO
#1	-69.78% Feb 11, 2021 - Dec 19, 2024	-90.64% Mar 22, 2007 - Oct 16, 2013
#2	-42.85% Feb 21, 2020 - Nov 10, 2020	-78.20% Oct 18, 2013 - Nov 7, 2023
#3	-26.95% May 10, 2013 - Jul 2, 2014	-66.51% Oct 25, 2001 - Sep 12, 2005
#4	-26.12% Mar 17, 2010 - Sep 29, 2010	-57.69% Dec 8, 1999 - Oct 22, 2001
#5	-24.47% Dec 2, 2014 - Feb 2, 2016	-47.93% Dec 11, 2024 - Jul 25, 2025
#6	-19.18% Jul 21, 2011 - Dec 22, 2011	-42.33% Apr 20, 2006 - Jan 22, 2007
#7	-17.49% Aug 18, 2016 - Mar 15, 2017	-39.98% Jun 22, 2026 - Jul 29, 2026
#8	-16.53% Aug 29, 2014 - Nov 7, 2014	-35.08% Feb 13, 2026 - May 5, 2026
#9	-14.47% Jan 15, 2010 - Mar 9, 2010	-27.06% Jul 16, 2024 - Nov 22, 2024
#10	-13.95% Dec 28, 2017 - Dec 7, 2018	-20.53% Dec 6, 2005 - Jan 31, 2006
#11	-12.96% Feb 4, 2016 - Apr 26, 2016	-18.96% Mar 1, 2024 - Apr 3, 2024
#12	-12.53% Mar 2, 2012 - May 3, 2012	-18.19% Feb 26, 2007 - Mar 19, 2007
#13	-10.79% Apr 6, 2011 - May 19, 2011	-16.82% May 26, 2026 - Jun 9, 2026
#14	-9.48% Dec 7, 2018 - Jan 24, 2019	-14.85% Apr 29, 2024 - May 24, 2024
#15	-8.67% Nov 5, 2010 - Dec 15, 2010	-14.52% Nov 5, 2025 - Dec 4, 2025

Correlation

Correlation between AQN and CECO is -0.05 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.05

-101

Dividend Comparison (2009 - 2026)

AQN vs CECO dividend yield comparison.

Year	AQN	CECO
2026	2.23%	0.00%
2025	4.23%	0.00%
2024	7.80%	0.00%
2023	6.87%	0.00%
2022	10.94%	0.00%
2021	4.62%	0.00%
2020	3.68%	0.00%
2019	3.90%	0.00%
2018	4.99%	0.00%
2017	4.18%	4.39%
2016	4.88%	1.89%
2015	4.78%	3.44%
2014	4.17%	1.48%
2013	4.87%	1.24%
2012	4.30%	1.61%
2011	4.30%	0.90%
2010	4.76%	0.00%
2009	0.52%	0.00%