NIC vs CECO

Comparison between Nicolet Bankshares Inc (NIC, Company) and Ceco Environmental Corp (CECO, Company).

NIC is from the Financial Services sector, while CECO is from the Industrials sector.

5-Year PerformanceCECO has outperformed NIC, delivering a return of +63.1% compared to +20.2%

NIC vs CECO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NIC(COMPANY)	CECO(COMPANY)
Market Cap	$3.53B	$3.53B
Max Drawdown	44.31%	90.64%
Sharpe Ratio	0.82	1.80
5Y Beta	0.82	1.17
Industry	Banks - Regional	Pollution & Treatment Controls
P/E Ratio	19.09	254.86
Forward P/E	14.84	48.78
PEG Ratio	10.03	1.44
Dividend Yield	0.78%	N/A
5Y Dividends CAGR	N/A	20.59%
5Y EPS CAGR	5.32%	18.05%
Debt to Equity	7.97%	81.12%
Free Cash Flow Yield	3.51%	-0.17%
P/S Ratio	N/A	4.39
P/B Ratio	N/A	11.31

Market Cap

Winner

NIC

$3.53B

CECO

$3.53B

Max Drawdown

Winner

NIC

44.31%

CECO

90.64%

Sharpe Ratio

NIC

0.82

Winner

CECO

1.80

5Y Beta

Winner

NIC

0.82

CECO

1.17

Industry

NIC

Banks - Regional

CECO

Pollution & Treatment Controls

P/E Ratio

Winner

NIC

19.09

CECO

254.86

Forward P/E

Winner

NIC

14.84

CECO

48.78

PEG Ratio

NIC

10.03

Winner

CECO

1.44

Dividend Yield

NIC

0.78%

CECO

N/A

5Y Dividends CAGR

NIC

N/A

CECO

20.59%

5Y EPS CAGR

NIC

5.32%

Winner

CECO

18.05%

Debt to Equity

Winner

NIC

7.97%

CECO

81.12%

Free Cash Flow Yield

Winner

NIC

3.51%

CECO

-0.17%

P/S Ratio

NIC

N/A

CECO

4.39

P/B Ratio

NIC

N/A

CECO

11.31

NIC vs CECO - Historical Returns

Returns include dividend reinvestment.

Period	NIC	CECO
1 month	+16.89%	-13.24%
3 months	+10.91%	+25.49%
6 months	+31.36%	+19.78%
1 year	+27.56%	+153.39%
5 years(CAGR)	+20.16%	+63.15%
10 years(CAGR)	+16.33%	+24.39%
Max(CAGR)	+17.80%	+15.17%

Winner

NIC

+16.89%

CECO

-13.24%

NIC

+10.91%

Winner

CECO

+25.49%

Winner

NIC

+31.36%

CECO

+19.78%

NIC

+27.56%

Winner

CECO

+153.39%

5Y(CAGR)

NIC

+20.16%

Winner

CECO

+63.15%

10Y(CAGR)

NIC

+16.33%

Winner

CECO

+24.39%

Max(CAGR)

Winner

NIC

+17.80%

CECO

+15.17%

NIC vs CECO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	NIC	CECO
2026	+43.32%	+34.30%
2025	+18.95%	+90.61%
2024	+31.36%	+51.23%
2023	+3.14%	+78.84%
2022	-8.73%	+85.69%
2021	+27.09%	-9.84%
2020	-9.75%	-9.37%
2019	+48.62%	+11.82%
2018	-8.79%	+28.82%
2017	+13.85%	-62.52%
2016	+50.02%	+95.29%
2015	N/A	-48.63%
2014	N/A	-1.91%
2013	N/A	+62.67%
2012	N/A	+80.96%
2011	N/A	-4.15%
2010	N/A	+49.00%
2009	N/A	+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%

NIC vs CECO Drawdown Comparison

The maximum drawdown for NIC was -44.31%, occurring on May 4, 2023. Recovery took 578 trading sessions.

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

The current CECO drawdown is -19.43%.

Rank	NIC	CECO
#1	-44.31% Mar 14, 2022 - Jul 17, 2024	-90.64% Mar 22, 2007 - Oct 16, 2013
#2	-37.05% Dec 20, 2019 - Feb 23, 2021	-78.20% Oct 18, 2013 - Nov 7, 2023
#3	-24.22% Oct 5, 2017 - Apr 26, 2019	-66.51% Oct 25, 2001 - Sep 12, 2005
#4	-22.15% May 2, 2016 - Dec 20, 2016	-57.69% Dec 8, 1999 - Oct 22, 2001
#5	-20.28% Mar 26, 2021 - Dec 23, 2021	-47.93% Dec 11, 2024 - Jul 25, 2025
#6	-17.90% Feb 20, 2026 - Jun 25, 2026	-42.33% Apr 20, 2006 - Jan 22, 2007
#7	-17.88% Jul 17, 2025 - Jan 21, 2026	-35.08% Feb 13, 2026 - May 5, 2026
#8	-16.85% Jul 26, 2024 - Oct 16, 2024	-27.06% Jul 16, 2024 - Nov 22, 2024
#9	-15.85% Mar 3, 2025 - May 2, 2025	-20.90% Jun 22, 2026 - Jul 7, 2026
#10	-12.22% Nov 6, 2024 - Feb 4, 2025	-20.53% Dec 6, 2005 - Jan 31, 2006
#11	-9.14% Mar 31, 2016 - Apr 27, 2016	-18.96% Mar 1, 2024 - Apr 3, 2024
#12	-7.54% Feb 23, 2017 - May 1, 2017	-18.19% Feb 26, 2007 - Mar 19, 2007
#13	-7.41% May 27, 2025 - Jun 27, 2025	-16.82% May 26, 2026 - Jun 9, 2026
#14	-6.54% Jul 3, 2017 - Sep 1, 2017	-14.85% Apr 29, 2024 - May 24, 2024
#15	-6.40% May 4, 2017 - Jun 9, 2017	-14.52% Nov 5, 2025 - Dec 4, 2025

Correlation

Correlation between NIC and CECO is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2011 - 2026)

NIC vs CECO dividend yield comparison.

Year	NIC	CECO
2026	0.40%	0.00%
2025	1.02%	0.00%
2024	1.04%	0.00%
2023	0.93%	0.00%
2017	0.00%	4.39%
2016	0.00%	1.89%
2015	0.00%	3.44%
2014	0.00%	1.48%
2013	0.00%	1.24%
2012	0.00%	1.61%
2011	0.00%	0.90%