CVEO · Civeo Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $638.85M | $682.12M | $700.80M | $697.05M | $594.46M | $529.73M |
| Cost of Revenue | $487.76M | $532.67M | - | - | - | - |
| Gross Profit | $151.09M | $149.46M | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $75.34M | $73.35M | $72.61M | $69.96M | $60.60M | $53.66M |
| Total Operating Expenses | $634.73M | $680.79M | $661.32M | $680.03M | $588.41M | $676.92M |
| D&A | $72.62M | $68.04M | $75.14M | $87.21M | $83.10M | $96.55M |
| Operating Income | $4.12M | $1.33M | $39.49M | $17.02M | $6.05M | ($147.19M) |
| Interest Expense | $11.42M | $7.97M | $13.18M | $11.47M | $12.96M | $16.69M |
| Income Tax | $13.62M | $12.49M | $10.63M | $4.40M | $3.38M | ($10.63M) |
| Net Income | ($20.07M) | ($17.07M) | $30.16M | $4.00M | $1.35M | ($134.25M) |
| EPS - Basic | ($1.59) | ($1.19) | $2.02 | ($0.21) | ($0.04) | ($9.64) |
| EPS - Diluted | ($1.59) | ($1.19) | $2.01 | ($0.21) | ($0.04) | ($9.64) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.44M | $5.20M | $3.32M | $7.95M | $6.28M | $6.16M |
| Accounts Receivable | $90.47M | $89.04M | $143.22M | $119.75M | $114.86M | $89.78M |
| Inventory | $6.22M | $7.54M | $6.98M | $6.91M | $6.47M | $6.18M |
| Accounts Payable | $44.28M | $39.97M | $58.70M | $51.09M | $49.32M | $42.06M |
| Current Assets | $131.21M | $110.45M | $175.25M | $153.55M | $157.19M | $119.21M |
| Total Assets | $477.41M | $405.07M | $548.06M | $566.18M | $672.73M | $740.85M |
| Current Liabilities | $84.94M | $92.65M | $114.24M | $128.26M | $136.92M | $116.77M |
| Long-term Debt | $182.84M | $43.30M | $65.55M | $102.50M | $142.60M | $214.00M |
| Total Liabilities | $303.03M | $168.07M | $225.02M | $262.48M | $309.62M | $365.50M |
| Stockholders' Equity | $174.38M | $236.37M | $320.17M | $300.14M | $361.50M | $374.69M |
| Retained Earnings | ($1.06B) | ($980.72M) | ($919.02M) | ($930.12M) | ($912.95M) | ($907.73M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $22.34M | $83.51M | $96.56M | $91.77M | $88.53M | $117.36M |
| Investing Cash Flow | ($90.11M) | ($14.94M) | ($14.52M) | ($8.95M) | ($706.0K) | ($1.77M) |
| Financing Cash Flow | $74.72M | ($65.20M) | ($86.80M) | ($79.66M) | ($86.51M) | ($114.21M) |
| CapEx | $20.19M | $26.14M | $31.63M | $25.42M | $15.57M | $10.08M |
| Free Cash Flow | $2.15M | $57.37M | $64.93M | $66.35M | $72.96M | $107.28M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 23.7% | 21.9% | - | - | - | - |
| Operating margin | 0.6% | 0.2% | 5.6% | 2.4% | 1.0% | -27.8% |
| EBITDA margin | 12.0% | 10.2% | 16.4% | 15.0% | 15.0% | -9.6% |
| Net margin | -3.1% | -2.5% | 4.3% | 0.6% | 0.2% | -25.3% |
| Free cash flow margin | 0.3% | 8.4% | 9.3% | 9.5% | 12.3% | 20.3% |
| FCF / Net income | -0.11 | -3.36 | 2.15 | 16.60 | 54.05 | -0.80 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 11.8% | 10.8% | 10.4% | 10.0% | 10.2% | 10.1% |
| Effective tax rate | - | - | 26.1% | 52.4% | 71.4% | - |
| Return on assets | -4.2% | -4.2% | 5.5% | 0.7% | 0.2% | -18.1% |
| Return on equity | -11.5% | -7.2% | 9.4% | 1.3% | 0.4% | -35.8% |
| Return on invested capital | 0.9% | 0.4% | 7.6% | 2.1% | 0.6% | -19.8% |
| Liquidity | ||||||
| Current ratio | 1.54 | 1.19 | 1.53 | 1.20 | 1.15 | 1.02 |
| Quick ratio | 1.47 | 1.11 | 1.47 | 1.14 | 1.10 | 0.97 |
| Cash ratio | 0.17 | 0.06 | 0.03 | 0.06 | 0.05 | 0.05 |
| Leverage | ||||||
| Debt / Equity | 1.05 | 0.18 | 0.20 | 0.34 | 0.39 | 0.57 |
| Debt / Assets | 0.38 | 0.11 | 0.12 | 0.18 | 0.21 | 0.29 |
| Debt / EBITDA | 2.38 | 0.62 | 0.57 | 0.98 | 1.60 | - |
| Interest coverage | 0.4x | 0.2x | 3.0x | 1.5x | 0.5x | -8.8x |
| Equity multiplier | 2.74 | 1.71 | 1.71 | 1.89 | 1.86 | 1.98 |
| Liabilities / Assets | 0.63 | 0.41 | 0.41 | 0.46 | 0.46 | 0.49 |
| Efficiency | ||||||
| Asset turnover | 1.34 | 1.68 | 1.28 | 1.23 | 0.88 | 0.72 |
| Inventory turnover | 78.44 | 70.67 | - | - | - | - |
| Days sales outstanding | 52d | 48d | 75d | 63d | 71d | 62d |
| Days inventory outstanding | 5d | 5d | - | - | - | - |
| Days payable outstanding | 33d | 27d | - | - | - | - |
| Cash conversion cycle | 23d | 25d | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | 11.4x | - | - | - |
| P / B | 1.7x | 1.4x | 1.1x | 1.5x | 0.8x | 0.5x |
| P / S | 0.5x | 0.5x | 0.5x | 0.6x | 0.5x | 0.4x |
| EV / EBITDA | 6.0x | 5.2x | 3.5x | 5.1x | 4.6x | - |
| Growth | ||||||
| Revenue growth (YoY) | -6.3% | -2.7% | 0.5% | 17.3% | 12.2% | 0.4% |
| Revenue CAGR (3y) | -2.9% | 4.7% | 9.8% | 9.7% | 14.4% | 11.5% |
| Revenue CAGR (5y) | 3.8% | 5.3% | 12.0% | 12.8% | 8.4% | 0.5% |
| Gross profit growth (YoY) | 1.1% | - | - | - | - | - |
| Operating income growth (YoY) | 208.9% | -96.6% | 132.0% | 181.2% | - | -200.1% |
| Net income growth (YoY) | -17.6% | - | 654.5% | 196.1% | - | -129.5% |
| EPS growth (YoY) | -33.6% | - | - | -425.0% | 99.6% | -2577.8% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -96.3% | -11.6% | -2.1% | -9.1% | -32.0% | 140.2% |
| FCF CAGR (5y) | -54.3% | 5.1% | 11.7% | 5.4% | 11.5% | -2.8% |
| Book value growth (YoY) | -26.2% | -26.2% | 6.7% | -17.0% | -3.5% | -23.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$638.85M totalAustralia Segment$460.30M · 72.1%
Canada Segment$178.55M · 27.9%
Product / service
$461.88M totalIntegrated Services And Other Services Revenues$248.53M · 53.8%
Accommodation And Associated Services Revenues$211.76M · 45.8%
Mobile Facility Rental And Associated Services Revenues$1.59M · 0.3%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-0.21
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Hotels, Rooming Houses, Camps & Other Lodging Places
Comparing Civeo Corp against the 3 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months · -100.0% YoY
| Ex-date | Per share |
|---|---|
| Feb 24, 2025 | $0.2500 |
| Nov 25, 2024 | $0.2500 |
| Aug 26, 2024 | $0.2500 |
| May 23, 2024 | $0.2500 |
| Feb 23, 2024 | $0.2500 |
| Nov 24, 2023 | $0.2500 |
| Sep 14, 2023 | $0.2500 |
| Nov 13, 2014 | $1.5600 |
| Aug 13, 2014 | $1.5600 |