NYSE : CVEO
Civeo Corporation — Financial statements
Consumer Discretionary · Lodging · United States
Last price 35.97 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 371.82M
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Financial statements
Civeo Corporation (CVEO) reported revenue of 707.40M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 707.40M | 638.85M | 682.12M | 700.80M | 697.05M | 594.46M |
| Cost of Revenue | 542.84M | 487.76M | 532.67M | 530.29M | 517.06M | 436.46M |
| Gross Profit | 164.56M | 151.09M | 149.46M | 170.52M | 179.99M | 158.00M |
| Selling, General & Admin | 77.66M | 75.34M | 73.35M | 72.61M | 69.96M | 60.60M |
| Other Operating Expenses | -2.35M | -987.00K | 898.00K | 479.00K | 74.00K | 313.00K |
| Operating Expenses | 143.18M | 146.97M | 142.29M | 148.23M | 157.25M | 144.01M |
| Operating Income | 21.38M | 4.12M | 7.17M | 22.29M | 22.74M | 13.99M |
| Interest Expense | -16.11M | -11.42M | -7.97M | -13.18M | -11.47M | -12.96M |
| Interest & Investment Income | 307.00K | 164.00K | 187.00K | 172.00K | 39.00K | 2.00K |
| Other Non Operating Income (Expenses) | 260.00K | 683.00K | 517.00K | 13.88M | 232.00K | 7.01M |
| EBT Excluding Unusual Items | 5.84M | -6.46M | -100.00K | 23.17M | 11.54M | 8.04M |
| Gain (Loss) on Sale of Assets | 5.74M | 18.59M | 4.92M | 6.19M | ||
| Asset Writedown | -11.58M | -1.40M | -5.72M | -7.93M | ||
| Other Unusual Items | -416.00K | |||||
| Pretax Income | 5.84M | -6.46M | -5.94M | 40.36M | 10.73M | 5.87M |
| Income Tax Expense | 13.43M | 13.62M | 12.49M | 10.63M | 4.40M | 3.38M |
| Earnings From Continuing Operations | -7.60M | -20.08M | -18.43M | 29.73M | 6.33M | 2.50M |
| Minority Interest in Earnings | -14.00K | 5.00K | 1.36M | 427.00K | -2.33M | -1.15M |
| Net Income | -7.61M | -20.07M | -17.07M | 30.16M | 4.00M | 1.35M |
| Preferred Dividends & Other Adjustments | 6.96M | 1.93M | ||||
| Net Income to Common | -7.61M | -20.07M | -17.07M | 30.16M | -2.96M | -575.00K |
| Shares Outstanding (Basic) | 10.96M | 12.65M | 14.29M | 14.91M | 14.00M | 14.23M |
| Shares Outstanding (Diluted) | 10.96M | 12.65M | 14.29M | 15.01M | 14.00M | 14.23M |
| EPS (Basic) | -0.69 | -1.59 | -1.19 | 2.02 | -0.21 | -0.04 |
| EPS (Diluted) | -0.70 | -1.59 | -1.19 | 2.01 | -0.21 | -0.04 |
| Free Cash Flow | 29.53M | 2.15M | 57.37M | 64.93M | 66.35M | 72.96M |
| Free Cash Flow Per Share | 2.69 | 0.17 | 4.02 | 4.33 | 4.74 | 5.13 |
| Dividend Per Share | 0.25 | 1.00 | 0.50 | |||
| Gross Margin | 23.26% | 23.65% | 21.91% | 24.33% | 25.82% | 26.58% |
| Operating Margin | 3.02% | 0.64% | 1.05% | 3.18% | 3.26% | 2.35% |
| Profit Margin | -1.08% | -3.14% | -2.50% | 4.30% | -0.43% | -0.10% |
| Free Cash Flow Margin | 4.17% | 0.34% | 8.41% | 9.26% | 9.52% | 12.27% |
| EBITDA | 89.25M | 76.73M | 75.21M | 97.43M | 109.95M | 97.09M |
| EBITDA Margin | 12.62% | 12.01% | 11.03% | 13.90% | 15.77% | 16.33% |
| D&A For EBITDA | 67.88M | 72.62M | 68.04M | 75.14M | 87.21M | 83.10M |
| EBIT | 21.38M | 4.12M | 7.17M | 22.29M | 22.74M | 13.99M |
| EBIT Margin | 3.02% | 0.64% | 1.05% | 3.18% | 3.26% | 2.35% |
| Effective Tax Rate | 230.13% | 26.34% | 41.02% | 57.48% | ||
| Revenue as Reported | 594.46M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 24.28M | 14.44M | 5.20M | 3.32M | 7.95M | 6.28M |
| Cash & Short-Term Investments | 24.28M | 14.44M | 5.20M | 3.32M | 7.95M | 6.28M |
| Accounts Receivable | 117.80M | 87.05M | 85.49M | 139.66M | 117.81M | 113.89M |
| Other Receivables | 6.23M | 4.79M | 3.54M | 3.56M | 1.94M | 972.00K |
| Receivables | 124.03M | 91.83M | 89.04M | 143.22M | 119.75M | 114.86M |
| Inventory | 6.93M | 6.22M | 7.54M | 6.98M | 6.91M | 6.47M |
| Prepaid Expenses | 18.58M | 17.21M | 7.46M | 8.44M | 7.20M | 6.88M |
| Other Current Assets | 5.40M | 1.51M | 1.21M | 13.28M | 11.73M | 22.71M |
| Total Current Assets | 179.21M | 131.21M | 110.45M | 175.25M | 153.55M | 157.19M |
| Property, Plant & Equipment | 229.96M | 262.09M | 216.97M | 283.61M | 317.61M | 408.32M |
| Goodwill | 7.89M | 7.54M | 7.00M | 7.69M | 7.67M | 8.20M |
| Other Intangible Assets | 64.50M | 70.41M | 66.50M | 78.00M | 81.75M | 93.64M |
| Long-Term Accounts Receivable | 3.71M | 2.73M | ||||
| Other Long-Term Assets | 8.36M | 3.43M | 4.14M | 3.52M | 5.60M | 5.37M |
| Total Assets | 493.62M | 477.41M | 405.07M | 548.06M | 566.18M | 672.73M |
| Accounts Payable | 55.40M | 44.28M | 39.97M | 58.70M | 51.09M | 49.32M |
| Accrued Expenses | 36.64M | 30.84M | 34.93M | 40.52M | 39.21M | 33.56M |
| Current Portion of Long-Term Debt | 28.45M | 30.58M | ||||
| Current Portion of Leases | 7.24M | 4.47M | 3.64M | 3.76M | 3.79M | 4.24M |
| Current Income Taxes Payable | 59.00K | 153.00K | 10.85M | 3.83M | 178.00K | 171.00K |
| Current Unearned Revenue | 5.31M | 2.90M | 2.50M | 4.85M | 991.00K | 18.48M |
| Other Current Liabilities | 2.29M | 747.00K | 2.58M | 4.55M | 563.00K | |
| Total Current Liabilities | 104.64M | 84.94M | 92.65M | 114.24M | 128.26M | 136.92M |
| Long-Term Debt | 212.98M | 182.84M | 43.30M | 65.55M | 102.50M | 142.60M |
| Long-Term Leases | 12.02M | 13.52M | 8.81M | 9.88M | 12.77M | 15.43M |
| Long-Term Unearned Revenue | 1.02M | 2.91M | 5.10M | |||
| Long-Term Deferred Tax Liabilities | 851.00K | 3.32M | 3.56M | 11.80M | 4.78M | 896.00K |
| Other Long-Term Liabilities | 17.86M | 15.50M | 14.66M | 23.55M | 14.17M | 13.78M |
| Total Liabilities | 349.38M | 303.03M | 168.07M | 225.02M | 262.48M | 309.62M |
| Additional Paid-In Capital | 1.64B | 1.63B | 1.63B | 1.63B | 1.62B | 1.58B |
| Retained Earnings | -1.10B | -1.06B | -980.72M | -919.02M | -930.12M | -912.95M |
| Treasury Stock | -11.11M | -10.78M | -10.13M | -9.06M | -9.06M | -8.05M |
| Comprehensive Income & Other | -383.52M | -390.81M | -404.60M | -380.71M | -385.19M | -361.88M |
| Total Common Equity | 144.24M | 174.38M | 236.37M | 320.17M | 300.14M | 299.56M |
| Minority Interest | 625.00K | 2.87M | 3.56M | 1.61M | ||
| Shareholders' Equity | 144.24M | 174.38M | 237.00M | 323.04M | 303.70M | 363.11M |
| Total Liabilities & Equity | 493.62M | 477.41M | 405.07M | 548.06M | 566.18M | 672.73M |
| Total Debt | 232.24M | 200.84M | 55.75M | 79.19M | 147.52M | 192.85M |
| Net Cash (Debt) | -207.96M | -186.40M | -50.55M | -75.87M | -139.56M | -186.57M |
| Net Cash Per Share | -18.98 | -14.74 | -3.54 | -5.05 | -9.97 | -13.11 |
| Filing Date Shares Outstanding | 10.34M | 10.95M | 13.65M | 14.67M | 15.22M | 14.11M |
| Total Common Shares Outstanding | 10.34M | 11.43M | 13.65M | 14.68M | 15.22M | 14.11M |
| Working Capital | 74.57M | 46.28M | 17.81M | 61.01M | 25.29M | 20.27M |
| Book Value Per Share | 13.95 | 15.25 | 17.31 | 21.81 | 19.72 | 21.23 |
| Tangible Book Value | 71.85M | 96.43M | 162.87M | 234.48M | 210.72M | 197.71M |
| Tangible Book Value Per Share | 6.95 | 8.43 | 11.93 | 15.97 | 13.85 | 14.01 |
| Land | 29.81M | 29.48M | 24.05M | 27.99M | 25.53M | 30.56M |
| Buildings | 14.34M | 13.82M | 12.39M | 14.60M | 15.52M | 24.34M |
| Machinery | 95.68M | 92.98M | 88.23M | 90.53M | 82.91M | 92.79M |
| Construction In Progress | 5.09M | 1.69M | 6.83M | 12.09M | 1.77M | 2.06M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -7.61M | -20.07M | -17.07M | 30.16M | 4.00M | 1.35M |
| Depreciation & Amortization | 67.88M | 72.62M | 68.04M | 75.14M | 87.21M | 83.10M |
| Loss (Gain) From Sale of Assets | -2.36M | -1.97M | -6.42M | -21.20M | -4.92M | -6.19M |
| Asset Writedown & Restructuring Costs | 11.58M | 1.40M | 5.72M | 7.93M | ||
| Stock-Based Compensation | 2.23M | 3.06M | 2.85M | 4.46M | 3.79M | 4.13M |
| Provision & Write-off of Bad Debts | 574.00K | 12.00K | 26.00K | 135.00K | 162.00K | 141.00K |
| Other Operating Activities | -529.00K | -2.38M | -7.28M | 8.04M | 9.73M | 6.83M |
| Change in Accounts Receivable | -15.56M | 4.74M | 44.23M | -22.31M | -14.45M | -28.13M |
| Change in Inventory | -918.00K | 1.72M | -1.22M | 5.00K | -1.84M | -526.00K |
| Change in Accounts Payable | 12.83M | -5.19M | -17.58M | 7.44M | 12.32M | 15.44M |
| Change in Income Taxes | 922.00K | -15.60M | 7.88M | 3.58M | 5.00K | -28.00K |
| Change in Other Net Operating Assets | -9.88M | -14.61M | -1.52M | 9.72M | -9.96M | 4.49M |
| Operating Cash Flow | 47.58M | 22.34M | 83.51M | 96.56M | 91.77M | 88.53M |
| Capital Expenditures | -18.05M | -20.19M | -26.14M | -31.63M | -25.42M | -15.57M |
| Sale of Property, Plant & Equipment | 3.44M | 2.25M | 11.01M | 16.74M | 16.29M | 14.31M |
| Cash Acquisitions | -166.00K | -72.17M | ||||
| Other Investing Activities | 183.00K | 372.00K | 190.00K | 559.00K | ||
| Investing Cash Flow | -14.78M | -90.11M | -14.94M | -14.52M | -8.95M | -706.00K |
| Long-Term Debt Issued | 330.13M | 284.31M | 210.58M | 289.70M | 397.95M | |
| Long-Term Debt Repaid | -197.29M | -301.43M | -278.33M | -323.52M | -474.28M | |
| Net Debt Issued (Repaid) | 29.65M | 132.84M | -17.12M | -67.75M | -33.82M | -76.33M |
| Repurchase of Common Stock | -41.27M | -53.61M | -29.62M | -11.63M | -14.21M | -4.65M |
| Common Dividends Paid | -3.44M | -14.42M | -7.42M | |||
| Other Financing Activities | -8.86M | -1.07M | -4.04M | -1.08M | -5.53M | |
| Financing Cash Flow | -20.47M | 74.72M | -65.20M | -86.80M | -79.66M | -86.51M |
| Foreign Exchange Rate Adjustments | -53.00K | 2.29M | -1.49M | 127.00K | -1.50M | -1.19M |
| Net Cash Flow | 12.28M | 9.23M | 1.88M | -4.63M | 1.67M | 127.00K |
| Free Cash Flow | 29.53M | 2.15M | 57.37M | 64.93M | 66.35M | 72.96M |
| Free Cash Flow Margin | 4.17% | 0.34% | 8.41% | 9.26% | 9.52% | 12.27% |
| Free Cash Flow Per Share | 2.69 | 0.17 | 4.02 | 4.33 | 4.74 | 5.13 |
| Levered Free Cash Flow | 46.96M | 30.86M | 89.45M | 41.80M | 71.86M | 64.57M |
| Unlevered Free Cash Flow | 57.03M | 38.00M | 94.43M | 50.03M | 79.03M | 72.67M |
| Cash Interest Paid | 8.65M | 8.65M | 5.48M | 10.25M | 9.23M | 9.99M |
| Cash Income Tax Paid | 33.56M | 33.56M | 12.27M | 251.00K | 220.00K | 334.00K |
| Change in Working Capital | -12.60M | -28.94M | 31.78M | -1.57M | -13.92M | -8.77M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 373.26M | 263.35M | 312.92M | 336.94M | 473.25M | 273.18M |
| Enterprise Value | 581.23M | 454.48M | 354.79M | 445.72M | 676.45M | 545.98M |
| Last Close Price | 35.97 | 22.87 | 22.51 | 21.73 | 28.92 | 17.83 |
| PE Ratio | 11.17 | |||||
| Forward PE | 197.91 | 34.42 | 86.23 | 92.72 | 27.58 | |
| PS Ratio | 0.53 | 0.41 | 0.46 | 0.48 | 0.68 | 0.46 |
| PB Ratio | 2.58 | 1.51 | 1.32 | 1.04 | 1.56 | 0.75 |
| P/TBV Ratio | 5.19 | 2.73 | 1.92 | 1.44 | 2.25 | 1.38 |
| P/FCF Ratio | 12.64 | 122.66 | 5.45 | 5.19 | 7.13 | 3.74 |
| P/OCF Ratio | 7.84 | 11.79 | 3.75 | 3.49 | 5.16 | 3.09 |
| PEG Ratio | 9.27 | 9.27 | 9.27 | 9.27 | 13.34 | |
| EV/Sales Ratio | 0.82 | 0.71 | 0.52 | 0.64 | 0.97 | 0.92 |
| EV/EBITDA Ratio | 6.51 | 5.92 | 4.72 | 4.58 | 6.15 | 5.62 |
| EV/EBIT Ratio | 27.19 | 110.44 | 49.49 | 20.00 | 29.75 | 39.03 |
| EV/FCF Ratio | 19.68 | 211.68 | 6.18 | 6.86 | 10.20 | 7.48 |
| Debt / Equity Ratio | 1.61 | 1.15 | 0.23 | 0.24 | 0.49 | 0.53 |
| Debt / EBITDA Ratio | 2.47 | 2.47 | 0.70 | 0.78 | 1.28 | 1.87 |
| Debt / FCF Ratio | 7.86 | 93.54 | 0.97 | 1.22 | 2.22 | 2.64 |
| Net Debt / Equity Ratio | 1.44 | 1.07 | 0.21 | 0.23 | 0.46 | 0.51 |
| Net Debt / EBITDA Ratio | 2.33 | 2.43 | 0.67 | 0.78 | 1.27 | 1.92 |
| Net Debt / FCF Ratio | 7.04 | 86.82 | 0.88 | 1.17 | 2.10 | 2.56 |
| Asset Turnover | 1.44 | 1.45 | 1.43 | 1.26 | 1.12 | 0.84 |
| Inventory Turnover | 85.26 | 70.92 | 73.38 | 76.36 | 77.32 | 69.01 |
| Quick Ratio | 1.42 | 1.25 | 1.02 | 1.28 | 1.00 | 0.89 |
| Current Ratio | 1.71 | 1.54 | 1.19 | 1.53 | 1.20 | 1.15 |
| Return on Equity (ROE) | -4.65% | -9.76% | -6.58% | 9.49% | 1.90% | 0.68% |
| Return on Assets (ROA) | 2.71% | 0.58% | 0.94% | 2.50% | 2.29% | 1.24% |
| Return on Invested Capital (ROIC) | -7.73% | 1.27% | 2.09% | 3.90% | 2.70% | 1.00% |
| Return on Capital Employed (ROCE) | 5.50% | 1.00% | 2.30% | 5.10% | 5.20% | 2.60% |
| Earnings Yield | -1.95% | -7.62% | -5.45% | 8.95% | 0.84% | 0.49% |
| FCF Yield | 7.91% | 0.81% | 18.34% | 19.27% | 14.02% | 26.71% |
| Dividend Yield | 1.08% | 4.36% | 2.18% | |||
| Payout Ratio | 24.62% | |||||
| Buyback Yield / Dilution | 17.07% | 11.49% | 4.84% | -7.22% | 1.62% | -0.73% |
| Total Shareholder Return | 17.07% | 12.57% | 9.20% | -5.04% | 1.62% | -0.73% |