Civeo CorpCiveo Corp
Civeo Corp

Civeo Corp

CVEO
Industrials·Commercial Services & Supplies

Civeo Corp. engages in the provision of workforce accommodations, logistics and facility management services to the natural resource industry. It operates through the following business segments: Canada, Australia, and U.S. The Canada segment provides accommodation services through lodges, open camps and mobile assets, which supports workforces from oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications, as well as disaster relief efforts. The Australia segment provides accommodations services on a day rate basis to mining and related service companies, such as construction contractors. The U.S. segment provides open camp facilities and highly mobile smaller camps that follow drilling rigs and completion crews as well as accommodation, office and storage modules that are placed on offshore drilling rigs and products platforms. The company was founded in 1977 and is headquartered in Houston, TX.

Texas; U.S.A
Market cap
No dataNo data
Revenue
$638.8M−6.3% YoY
Net income
$-20.1M−17.6% YoY
Free cash flow
$2.1M−96.3% YoY

Market

Listed stock
CVEOPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$638.8M−6.3% YoY
Operating income
$4.1M+208.9% YoY
Net income
$-20.1M−17.6% YoY
Free cash flow
$2.1M−96.3% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $594.5M, 2022 $697.1M, 2023 $700.8M, 2024 $682.1M, 2025 $638.8M. Operating income: 2021 $6.1M, 2022 $17M, 2023 $39.5M, 2024 $1.3M, 2025 $4.1M. Net income: 2021 $1.4M, 2022 $4M, 2023 $30.2M, 2024 $-17.1M, 2025 $-20.1M. Free cash flow: 2021 $73M, 2022 $66.4M, 2023 $64.9M, 2024 $57.4M, 2025 $2.1M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-6.3%−368 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $6.1M, 2022-12-31 $17M, 2023-12-31 $39.5M, 2024-12-31 $1.3M, 2025-12-31 $4.1M. Net income: 2021-12-31 $1.4M, 2022-12-31 $4M, 2023-12-31 $30.2M, 2024-12-31 $-17.1M, 2025-12-31 $-20.1M. Free cash flow: 2021-12-31 $73M, 2022-12-31 $66.4M, 2023-12-31 $64.9M, 2024-12-31 $57.4M, 2025-12-31 $2.1M

Growth heatmap

2022202320242025CAGR
Revenue
+17.3%
+0.5%
-2.7%
-6.3%
+1.8%
Gross profit
+18.0%
+1.3%
-78.4%
+1.1%
-28.5%
Operating income
+181.2%
+132.0%
-96.6%
+208.9%
-9.2%
Free cash flow
-9.1%
-2.1%
-11.6%
-96.3%
-58.6%

Earnings quality

Operating cash flow
$22.3M−73.3% YoY
Net income
$-20.1M−17.6% YoY
Free cash flow
$2.1M−96.3% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 -111%, 2024-12-31 -489%, 2023-12-31 320%, 2022-12-31 2296%, 2021-12-31 6558%. Free cash flow: 2025-12-31 -11%, 2024-12-31 -336%, 2023-12-31 215%, 2022-12-31 1660%, 2021-12-31 5405%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
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EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
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Free cash flow yield
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