Civeo (CVEO) Financials

$21.82 +0.03 (+0.14%)

Closing price 03:59 PM Eastern

Extended Trading

$21.82 0.00 (-0.02%)

As of 04:04 PM Eastern

Annual Income Statements for Civeo

This table shows Civeo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-17	30	2.23
Consolidated Net Income / (Loss)	-18	30	6.33
Net Income / (Loss) Continuing Operations	-18	30	6.33
Total Pre-Tax Income	-5.94	40	11
Total Operating Income	1.33	39	17
Total Gross Profit	149	171	180
Total Revenue	682	701	697
Operating Revenue	682	701	697
Total Cost of Revenue	533	530	517
Operating Cost of Revenue	533	530	517
Total Operating Expenses	148	131	163
Selling, General & Admin Expense	74	73	70
Depreciation Expense	68	75	87
Impairment Charge	12	1.40	5.72
Other Special Charges / (Income)	-5.74	-19	0.00
Total Other Income / (Expense), net	-7.27	0.88	-6.29
Interest Expense	7.97	13	11
Interest & Investment Income	0.19	0.17	0.04
Other Income / (Expense), net	0.52	14	5.15
Income Tax Expense	12	11	4.40
Preferred Stock Dividends Declared	0.00	0.00	1.77
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.36	-0.43	2.33
Basic Earnings per Share	($1.19)	$2.02	($0.21)
Weighted Average Basic Shares Outstanding	14.29M	14.91M	14.00M
Diluted Earnings per Share	($1.19)	$2.01	($0.21)
Weighted Average Diluted Shares Outstanding	14.29M	15.01M	14.00M
Weighted Average Basic & Diluted Shares Outstanding	13.65M	14.67M	15.22M
Cash Dividends to Common per Share	$1.00	-	-

This table shows Civeo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-15	-5.09	8.23	-5.13	23	9.02	4.46	-6.35	-13	5.23
Consolidated Net Income / (Loss)	-15	-5.29	7.49	-5.20	23	9.22	4.17	-6.31	-12	6.26
Net Income / (Loss) Continuing Operations	-15	-5.29	7.49	-5.20	23	9.22	4.17	-6.31	-12	6.26
Total Pre-Tax Income	-12	-1.43	11	-3.65	30	8.01	7.05	-5.08	-15	9.98
Total Operating Income	-10	0.04	13	-1.78	17	16	10	-3.90	-12	11
Total Gross Profit	28	38	48	36	36	53	47	34	35	51
Total Revenue	151	176	189	166	171	184	179	168	162	184
Operating Revenue	151	176	189	166	171	184	179	168	162	184
Total Cost of Revenue	123	139	141	130	135	130	131	134	128	133
Operating Cost of Revenue	123	139	141	130	135	130	131	134	128	133
Total Operating Expenses	38	38	35	37	19	37	37	38	47	40
Selling, General & Admin Expense	19	20	17	19	20	20	16	16	19	18
Depreciation Expense	17	17	17	17	16	17	21	22	21	23
Impairment Charge	3.76	0.00	0.00	7.82	1.40	0.00	0.00	0.00	-	-
Other Special Charges / (Income)	0.07	0.17	0.09	-6.08	-19	0.00	0.00	0.00	-	-
Total Other Income / (Expense), net	-2.10	-1.47	-1.84	-1.86	13	-8.03	-3.13	-1.17	-2.51	-0.81
Interest Expense	1.69	1.73	2.20	2.36	2.55	3.37	3.60	3.66	3.40	3.00
Interest & Investment Income	0.04	0.05	0.05	0.04	0.05	0.04	0.05	0.03	0.02	0.01
Other Income / (Expense), net	-0.45	0.20	0.31	0.45	16	-4.71	0.43	2.45	0.86	2.18
Income Tax Expense	3.29	3.86	3.79	1.55	7.74	-1.21	2.88	1.23	-2.69	3.71
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.36	-0.20	-0.74	-0.06	-0.37	0.20	-0.30	0.04	0.63	0.55
Basic Earnings per Share	($1.05)	($0.36)	$0.57	($0.35)	$1.53	$0.61	$0.30	($0.42)	($0.93)	$0.32
Weighted Average Basic Shares Outstanding	14.29M	14.29M	14.52M	14.66M	14.91M	14.81M	14.97M	15.16M	14.00M	13.93M
Diluted Earnings per Share	($1.04)	($0.36)	$0.56	($0.35)	$1.52	$0.61	$0.30	($0.42)	($0.93)	$0.32
Weighted Average Diluted Shares Outstanding	14.29M	14.29M	14.60M	14.66M	15.01M	14.89M	15M	15.16M	14.00M	14.06M
Weighted Average Basic & Diluted Shares Outstanding	13.65M	13.77M	14.37M	14.62M	14.67M	14.75M	14.84M	15.05M	15.22M	13.71M

This table details how cash moves in and out of Civeo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	1.88	-4.63	1.67
Net Cash From Operating Activities	84	97	92
Net Cash From Continuing Operating Activities	84	97	92
Net Income / (Loss) Continuing Operations	-18	30	6.33
Consolidated Net Income / (Loss)	-18	30	6.33
Depreciation Expense	68	75	87
Non-Cash Adjustments To Reconcile Net Income	9.78	-14	7.98
Changes in Operating Assets and Liabilities, net	24	5.24	-9.75
Net Cash From Investing Activities	-15	-15	-8.95
Net Cash From Continuing Investing Activities	-15	-15	-8.95
Purchase of Property, Plant & Equipment	-26	-32	-25
Sale of Property, Plant & Equipment	11	17	16
Other Investing Activities, net	0.18	0.37	0.19
Net Cash From Financing Activities	-65	-87	-80
Net Cash From Continuing Financing Activities	-65	-87	-80
Repayment of Debt	-305	-278	-325
Repurchase of Preferred Equity	0.00	0.00	-31
Repurchase of Common Equity	-30	-12	-14
Payment of Dividends	-14	-7.42	0.00
Issuance of Debt	284	211	290
Other Net Changes in Cash	-1.49	-	-

This table details how cash moves in and out of Civeo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-13	10	-9.32	13	-4.49	-3.60	-0.95	4.41	-0.41	3.58
Net Cash From Operating Activities	9.50	36	32	5.99	40	37	19	0.36	29	39
Net Cash From Continuing Operating Activities	9.50	36	32	5.99	40	37	19	0.36	29	39
Net Income / (Loss) Continuing Operations	-15	-5.29	7.49	-5.20	23	9.22	4.17	-6.31	-12	6.26
Consolidated Net Income / (Loss)	-15	-5.29	7.49	-5.20	23	9.22	4.17	-6.31	-12	6.26
Depreciation Expense	17	17	17	17	16	17	21	22	21	23
Non-Cash Adjustments To Reconcile Net Income	4.31	1.30	1.14	3.03	-21	6.81	0.22	0.56	6.81	-0.43
Changes in Operating Assets and Liabilities, net	3.85	22	6.68	-8.62	23	3.89	-5.68	-16	13	10
Net Cash From Investing Activities	-7.42	-7.39	-1.29	1.17	-0.41	-5.11	-6.49	-2.51	-3.64	-0.15
Net Cash From Continuing Investing Activities	-7.42	-7.39	-1.29	1.17	-0.41	-5.11	-6.49	-2.51	-3.64	-0.15
Purchase of Property, Plant & Equipment	-7.73	-7.48	-5.32	-5.61	-10	-9.46	-6.95	-4.77	-7.96	-8.82
Sale of Property, Plant & Equipment	0.31	0.08	3.84	6.78	9.67	4.35	0.45	2.27	4.31	8.67
Net Cash From Financing Activities	-17	-14	-41	6.61	-45	-35	-13	6.57	-27	-33
Net Cash From Continuing Financing Activities	-17	-14	-41	6.61	-45	-35	-13	6.57	-27	-33
Repayment of Debt	-60	-109	-70	-66	-76	-88	-76	-38	-82	-69
Repurchase of Common Equity	-5.56	-14	-6.64	-3.21	-2.41	-1.25	-4.20	-3.77	-	-14
Payment of Dividends	-3.44	-3.62	-3.66	-3.71	-3.69	-3.73	-	0.00	-	-
Issuance of Debt	51	113	40	81	38	58	67	48	85	49

This table presents Civeo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	405	548	566
Total Current Assets	110	175	154
Cash & Equivalents	5.20	3.32	7.95
Accounts Receivable	89	143	120
Inventories, net	7.54	6.98	6.91
Prepaid Expenses	7.46	8.44	7.20
Other Current Assets	1.21	7.41	3.08
Other Current Nonoperating Assets	0.00	5.87	8.65
Plant, Property, & Equipment, net	205	271	302
Total Noncurrent Assets	90	102	111
Goodwill	7.00	7.69	7.67
Intangible Assets	67	78	82
Other Noncurrent Operating Assets	16	17	21
Total Liabilities & Shareholders' Equity	405	548	566
Total Liabilities	168	225	262
Total Current Liabilities	93	114	128
Accounts Payable	40	59	51
Accrued Expenses	35	41	39
Current Deferred Revenue	2.50	4.85	0.99
Current Deferred & Payable Income Tax Liabilities	11	3.83	0.18
Other Current Liabilities	4.39	6.33	8.34
Total Noncurrent Liabilities	75	111	134
Long-Term Debt	43	66	103
Noncurrent Deferred & Payable Income Tax Liabilities	3.56	12	4.78
Other Noncurrent Operating Liabilities	29	33	27
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	237	323	304
Total Preferred & Common Equity	236	320	300
Total Common Equity	236	320	300
Common Stock	1,632	1,629	1,625
Retained Earnings	-981	-919	-930
Treasury Stock	-10	-9.06	-9.06
Accumulated Other Comprehensive Income / (Loss)	-405	-381	-385
Noncontrolling Interest	0.63	2.87	3.56

This table presents Civeo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	478	483	513	557	559	551	583
Total Current Assets	146	152	169	191	176	159	165
Cash & Equivalents	18	7.44	17	7.82	11	12	8.36
Accounts Receivable	107	124	131	154	140	123	122
Inventories, net	8.77	8.35	7.23	6.27	7.17	7.38	6.98
Prepaid Expenses	11	9.09	6.09	11	6.17	5.14	9.49
Other Current Assets	1.22	2.38	3.52	3.25	2.83	2.59	3.85
Other Current Nonoperating Assets	0.00	0.00	3.80	8.19	8.20	8.18	14
Plant, Property, & Equipment, net	234	237	246	263	276	284	310
Total Noncurrent Assets	98	95	98	103	108	108	109
Goodwill	7.81	7.54	7.36	7.29	7.52	7.57	7.32
Intangible Assets	72	73	75	78	81	80	82
Other Noncurrent Operating Assets	18	15	16	18	19	20	20
Total Liabilities & Shareholders' Equity	478	483	513	557	559	551	583
Total Liabilities	194	184	213	263	264	259	247
Total Current Liabilities	107	98	93	125	103	103	118
Accounts Payable	48	47	49	53	48	48	46
Accrued Expenses	36	32	26	49	28	21	32
Current Deferred Revenue	2.79	4.19	4.49	6.88	3.10	3.99	2.09
Current Deferred & Payable Income Tax Liabilities	14	9.69	7.43	0.17	0.10	0.22	0.11
Other Current Liabilities	5.04	4.86	6.17	9.28	9.53	8.39	8.90
Total Noncurrent Liabilities	87	86	120	137	161	156	129
Long-Term Debt	50	47	79	96	121	120	97
Noncurrent Deferred & Payable Income Tax Liabilities	5.24	7.18	9.05	7.02	8.63	5.87	7.34
Other Noncurrent Operating Liabilities	32	31	32	34	31	29	25
Total Equity & Noncontrolling Interests	284	299	300	294	295	292	336
Total Preferred & Common Equity	282	297	297	291	292	289	333
Total Common Equity	282	297	297	291	292	289	270
Common Stock	1,631	1,630	1,630	1,628	1,627	1,625	1,585
Retained Earnings	-957	-933	-931	-936	-940	-940	-912
Treasury Stock	-10	-10	-10	-9.06	-9.06	-9.06	-9.06
Accumulated Other Comprehensive Income / (Loss)	-382	-389	-391	-392	-385	-387	-394
Noncontrolling Interest	1.79	1.96	2.73	3.24	3.17	3.47	2.89

This table displays calculated financial ratios and metrics derived from Civeo's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-2.67%	0.54%	17.26%
EBITDA Growth	-45.62%	17.49%	6.87%
EBIT Growth	-96.54%	140.75%	15.15%
NOPAT Growth	-96.79%	189.76%	290.10%
Net Income Growth	-161.99%	369.67%	153.50%
EPS Growth	-159.20%	1,057.14%	-425.00%
Operating Cash Flow Growth	-13.52%	5.22%	3.66%
Free Cash Flow Firm Growth	55.36%	-38.55%	12.25%
Invested Capital Growth	-27.49%	-9.25%	-19.33%
Revenue Q/Q Growth	-2.83%	1.24%	0.35%
EBITDA Q/Q Growth	-37.81%	43.17%	-18.67%
EBIT Q/Q Growth	-95.91%	487.24%	-54.30%
NOPAT Q/Q Growth	-93.92%	312.98%	-65.43%
Net Income Q/Q Growth	-193.77%	695.55%	-78.39%
EPS Q/Q Growth	-186.86%	602.50%	-111.67%
Operating Cash Flow Q/Q Growth	-26.74%	12.29%	4.69%
Free Cash Flow Firm Q/Q Growth	31.25%	4.44%	-4.75%
Invested Capital Q/Q Growth	-12.98%	-0.41%	-4.72%
Profitability Metrics	-	-	-
Gross Margin	21.91%	24.33%	25.82%
EBITDA Margin	10.25%	18.34%	15.69%
Operating Margin	0.20%	5.63%	2.44%
EBIT Margin	0.27%	7.62%	3.18%
Profit (Net Income) Margin	-2.70%	4.24%	0.91%
Tax Burden Percent	310.41%	73.66%	58.98%
Interest Burden Percent	-321.09%	75.63%	48.41%
Effective Tax Rate	0.00%	26.34%	41.02%
Return on Invested Capital (ROIC)	0.28%	7.29%	2.14%
ROIC Less NNEP Spread (ROIC-NNEP)	-40.71%	8.05%	-0.61%
Return on Net Nonoperating Assets (RNNOA)	-6.87%	2.19%	-0.25%
Return on Equity (ROE)	-6.58%	9.49%	1.90%
Cash Return on Invested Capital (CROIC)	32.16%	16.99%	23.55%
Operating Return on Assets (OROA)	0.39%	9.58%	3.58%
Return on Assets (ROA)	-3.87%	5.34%	1.02%
Return on Common Equity (ROCE)	-6.54%	9.39%	1.71%
Return on Equity Simple (ROE_SIMPLE)	-7.80%	9.29%	2.11%
Net Operating Profit after Tax (NOPAT)	0.93	29	10
NOPAT Margin	0.14%	4.15%	1.44%
Net Nonoperating Expense Percent (NNEP)	41.00%	-0.76%	2.75%
Return On Investment Capital (ROIC_SIMPLE)	0.33%	7.48%	2.31%
Cost of Revenue to Revenue	78.09%	75.67%	74.18%
SG&A Expenses to Revenue	10.88%	10.43%	10.05%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.72%	18.70%	23.38%
Earnings before Interest and Taxes (EBIT)	1.85	53	22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	70	129	109
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.31	1.00	1.32
Price to Tangible Book Value (P/TBV)	1.90	1.37	1.88
Price to Revenue (P/Rev)	0.45	0.46	0.57
Price to Earnings (P/E)	0.00	10.63	178.15
Dividend Yield	4.44%	2.30%	0.00%
Earnings Yield	0.00%	9.41%	0.56%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.02	1.25
Enterprise Value to Revenue (EV/Rev)	0.51	0.55	0.75
Enterprise Value to EBITDA (EV/EBITDA)	4.99	3.00	4.78
Enterprise Value to EBIT (EV/EBIT)	188.63	7.23	23.60
Enterprise Value to NOPAT (EV/NOPAT)	374.06	13.26	52.12
Enterprise Value to Operating Cash Flow (EV/OCF)	4.18	3.99	5.70
Enterprise Value to Free Cash Flow (EV/FCFF)	3.31	5.69	4.75
Leverage & Solvency	-	-	-
Debt to Equity	0.18	0.20	0.43
Long-Term Debt to Equity	0.18	0.20	0.34
Financial Leverage	0.17	0.27	0.40
Leverage Ratio	1.70	1.78	1.86
Compound Leverage Factor	-5.46	1.34	0.90
Debt to Total Capital	15.45%	16.87%	30.13%
Short-Term Debt to Total Capital	0.00%	0.00%	6.55%
Long-Term Debt to Total Capital	15.45%	16.87%	23.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.22%	0.74%	0.82%
Common Equity to Total Capital	84.33%	82.39%	69.05%
Debt to EBITDA	0.62	0.51	1.20
Net Debt to EBITDA	0.55	0.48	1.12
Long-Term Debt to EBITDA	0.62	0.51	0.94
Debt to NOPAT	46.44	2.25	13.05
Net Debt to NOPAT	40.86	2.14	12.25
Long-Term Debt to NOPAT	46.44	2.25	10.21
Altman Z-Score	-0.53	0.24	0.02
Noncontrolling Interest Sharing Ratio	0.62%	1.03%	10.07%
Liquidity Ratios	-	-	-
Current Ratio	1.19	1.53	1.20
Quick Ratio	1.02	1.28	1.00
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	105	68	110
Operating Cash Flow to CapEx	552.06%	648.39%	1,004.63%
Free Cash Flow to Firm to Interest Expense	13.20	5.14	9.61
Operating Cash Flow to Interest Expense	10.47	7.33	8.00
Operating Cash Flow Less CapEx to Interest Expense	8.58	6.20	7.20
Efficiency Ratios	-	-	-
Asset Turnover	1.43	1.26	1.13
Accounts Receivable Turnover	5.87	5.33	5.94
Inventory Turnover	73.38	76.36	77.32
Fixed Asset Turnover	2.87	2.45	2.01
Accounts Payable Turnover	10.80	9.66	10.30
Days Sales Outstanding (DSO)	62.14	68.48	61.43
Days Inventory Outstanding (DIO)	4.97	4.78	4.72
Days Payable Outstanding (DPO)	33.81	37.78	35.44
Cash Conversion Cycle (CCC)	33.31	35.48	30.71
Capital & Investment Metrics	-	-	-
Invested Capital	275	379	418
Invested Capital Turnover	2.08	1.76	1.49
Increase / (Decrease) in Invested Capital	-104	-39	-100
Enterprise Value (EV)	349	386	523
Market Capitalization	310	320	397
Book Value per Share	$17.16	$21.71	$21.89
Tangible Book Value per Share	$11.83	$15.90	$15.37
Total Capital	280	389	435
Total Debt	43	66	131
Total Long-Term Debt	43	66	103
Net Debt	38	62	123
Capital Expenditures (CapEx)	15	15	9.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	13	58	46
Debt-free Net Working Capital (DFNWC)	18	61	54
Net Working Capital (NWC)	18	61	25
Net Nonoperating Expense (NNE)	19	-0.65	3.71
Net Nonoperating Obligations (NNO)	38	56	114
Total Depreciation and Amortization (D&A)	68	75	87
Debt-free, Cash-free Net Working Capital to Revenue	1.85%	8.23%	6.57%
Debt-free Net Working Capital to Revenue	2.61%	8.71%	7.71%
Net Working Capital to Revenue	2.61%	8.71%	3.63%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.19)	$2.02	($0.21)
Adjusted Weighted Average Basic Shares Outstanding	14.29M	14.91M	14.00M
Adjusted Diluted Earnings per Share	($1.19)	$2.01	($0.21)
Adjusted Weighted Average Diluted Shares Outstanding	14.29M	15.01M	14.00M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.65M	14.67M	15.22M
Normalized Net Operating Profit after Tax (NOPAT)	5.02	16	13
Normalized NOPAT Margin	0.74%	2.34%	1.92%
Pre Tax Income Margin	-0.87%	5.76%	1.54%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.23	4.05	1.93
NOPAT to Interest Expense	0.12	2.21	0.87
EBIT Less CapEx to Interest Expense	-1.67	2.92	1.14
NOPAT Less CapEx to Interest Expense	-1.78	1.08	0.08
Payout Ratios	-	-	-
Dividend Payout Ratio	-78.26%	24.97%	0.00%
Augmented Payout Ratio	-238.96%	64.10%	224.47%

This table displays calculated financial ratios and metrics derived from Civeo's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.62%	-3.94%	5.52%	-0.88%	5.31%	-0.36%	-3.30%	1.15%	1.50%	18.81%
EBITDA Growth	-87.13%	-37.37%	-2.62%	-23.58%	387.14%	-20.60%	-17.06%	-22.46%	-71.50%	33.45%
EBIT Growth	-131.90%	-97.81%	26.63%	8.67%	388.86%	-12.60%	-27.69%	-124.51%	-176.18%	103.39%
NOPAT Growth	-154.90%	-99.83%	44.74%	54.38%	249.39%	172.79%	-50.23%	-217.13%	-220.00%	207.78%
Net Income Growth	-168.13%	-157.35%	79.67%	17.67%	287.65%	47.26%	-59.27%	-430.77%	-210.84%	512.82%
EPS Growth	-168.42%	-159.02%	86.67%	16.67%	263.44%	90.63%	-44.44%	-800.00%	-234.78%	0.00%
Operating Cash Flow Growth	-76.24%	-3.15%	66.77%	1,571.79%	35.95%	-4.93%	-10.49%	-81.67%	16.24%	14.31%
Free Cash Flow Firm Growth	89.04%	-14.95%	-14.99%	-53.06%	-43.84%	-18.39%	1.46%	77.03%	-10.85%	0.23%
Invested Capital Growth	-27.49%	-17.02%	-17.49%	-13.40%	-9.25%	-13.18%	-17.76%	-22.21%	-19.33%	-16.50%
Revenue Q/Q Growth	-14.40%	-6.56%	13.60%	-2.74%	-6.96%	2.64%	6.71%	3.33%	-11.96%	-0.39%
EBITDA Q/Q Growth	-64.52%	-41.97%	97.39%	-68.33%	72.63%	-9.76%	54.89%	101.90%	-71.86%	-5.74%
EBIT Q/Q Growth	-4,331.05%	-98.15%	1,110.69%	-104.04%	190.32%	6.90%	828.95%	87.23%	-187.84%	-11.55%
NOPAT Q/Q Growth	-22,925.00%	-99.65%	798.51%	-109.74%	-30.67%	206.99%	320.16%	68.12%	-226.60%	-44.00%
Net Income Q/Q Growth	-191.76%	-170.64%	244.09%	-122.94%	145.59%	121.33%	166.03%	47.72%	-292.74%	-38.78%
EPS Q/Q Growth	-188.89%	-164.29%	260.00%	-123.03%	149.18%	103.33%	171.43%	54.84%	-390.63%	-40.74%
Operating Cash Flow Q/Q Growth	-73.38%	10.24%	440.65%	-85.03%	8.53%	89.83%	5,319.83%	-98.78%	-24.11%	78.71%
Free Cash Flow Firm Q/Q Growth	49.94%	-19.55%	48.91%	5.24%	-32.54%	-19.58%	-17.78%	25.91%	-1.98%	-0.02%
Invested Capital Q/Q Growth	-12.98%	-6.87%	-5.22%	-5.60%	-0.41%	-7.39%	-0.53%	-1.08%	-4.72%	-12.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.62%	21.43%	25.37%	21.48%	20.93%	29.02%	26.51%	20.33%	21.28%	27.54%
EBITDA Margin	4.16%	10.03%	16.15%	9.30%	28.55%	15.39%	17.50%	12.06%	6.17%	19.31%
Operating Margin	-6.65%	0.03%	6.95%	-1.07%	10.06%	8.74%	5.69%	-2.33%	-7.55%	5.85%
EBIT Margin	-6.95%	0.14%	7.11%	-0.80%	19.26%	6.17%	5.93%	-0.87%	-7.02%	7.04%
Profit (Net Income) Margin	-10.22%	-3.00%	3.97%	-3.13%	13.26%	5.02%	2.33%	-3.77%	-7.44%	3.40%
Tax Burden Percent	127.13%	370.64%	66.42%	142.55%	74.54%	115.16%	59.15%	124.28%	81.78%	62.78%
Interest Burden Percent	115.68%	-575.40%	83.99%	274.47%	92.38%	70.69%	66.47%	349.24%	129.62%	76.95%
Effective Tax Rate	0.00%	0.00%	33.58%	0.00%	25.46%	-15.16%	40.85%	0.00%	0.00%	37.22%
Return on Invested Capital (ROIC)	-9.71%	0.04%	8.72%	-1.36%	13.18%	16.99%	5.11%	-2.41%	-7.87%	5.30%
ROIC Less NNEP Spread (ROIC-NNEP)	-27.50%	-8.89%	7.15%	-5.76%	24.71%	7.24%	3.65%	-4.97%	-10.47%	4.93%
Return on Net Nonoperating Assets (RNNOA)	-4.64%	-1.83%	1.88%	-1.75%	6.73%	2.18%	1.40%	-2.09%	-4.23%	1.97%
Return on Equity (ROE)	-14.35%	-1.80%	10.60%	-3.11%	19.91%	19.17%	6.51%	-4.50%	-12.10%	7.26%
Cash Return on Invested Capital (CROIC)	32.16%	23.01%	27.97%	22.32%	16.99%	15.82%	20.23%	23.37%	23.55%	24.01%
Operating Return on Assets (OROA)	-9.95%	0.19%	9.68%	-1.05%	24.23%	7.50%	6.86%	-0.99%	-7.90%	7.71%
Return on Assets (ROA)	-14.63%	-4.07%	5.40%	-4.11%	16.68%	6.10%	2.70%	-4.30%	-8.37%	3.73%
Return on Common Equity (ROCE)	-14.26%	-1.78%	10.50%	-3.07%	19.71%	17.05%	5.84%	-4.04%	-10.88%	5.91%
Return on Equity Simple (ROE_SIMPLE)	0.00%	6.97%	11.49%	10.37%	0.00%	-1.72%	-2.72%	-0.65%	0.00%	8.79%
Net Operating Profit after Tax (NOPAT)	-7.03	0.03	8.71	-1.25	13	18	6.02	-2.73	-8.57	6.77
NOPAT Margin	-4.66%	0.02%	4.61%	-0.75%	7.50%	10.06%	3.36%	-1.63%	-5.29%	3.68%
Net Nonoperating Expense Percent (NNEP)	17.79%	8.93%	1.56%	4.40%	-11.53%	9.76%	1.46%	2.56%	2.60%	0.37%
Return On Investment Capital (ROIC_SIMPLE)	-2.51%	-	-	-	3.30%	-	-	-	-1.97%	-
Cost of Revenue to Revenue	81.38%	78.57%	74.63%	78.52%	79.07%	70.98%	73.49%	79.67%	78.72%	72.46%
SG&A Expenses to Revenue	12.28%	11.13%	9.24%	11.22%	11.83%	11.02%	9.20%	9.66%	12.00%	9.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.27%	21.41%	18.42%	22.55%	10.87%	20.28%	20.83%	22.66%	28.83%	21.68%
Earnings before Interest and Taxes (EBIT)	-10	0.25	13	-1.33	33	11	11	-1.45	-11	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.28	18	30	15	49	28	31	20	10	36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.31	1.40	1.23	1.31	1.00	1.02	0.96	1.04	1.32	1.26
Price to Tangible Book Value (P/TBV)	1.90	1.95	1.68	1.81	1.37	1.43	1.38	1.50	1.88	1.89
Price to Revenue (P/Rev)	0.45	0.56	0.51	0.56	0.46	0.43	0.40	0.43	0.57	0.49
Price to Earnings (P/E)	0.00	18.73	10.37	12.43	10.63	0.00	0.00	0.00	178.15	13.64
Dividend Yield	4.44%	4.56%	4.01%	2.82%	2.30%	1.26%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	5.34%	9.64%	8.05%	9.41%	0.00%	0.00%	0.00%	0.56%	7.33%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.35	1.20	1.27	1.02	1.03	0.99	1.05	1.25	1.19
Enterprise Value to Revenue (EV/Rev)	0.51	0.61	0.57	0.65	0.55	0.57	0.59	0.62	0.75	0.75
Enterprise Value to EBITDA (EV/EBITDA)	4.99	3.81	3.31	3.67	3.00	4.39	4.20	4.19	4.78	3.90
Enterprise Value to EBIT (EV/EBIT)	188.63	9.46	7.22	8.50	7.23	43.32	38.05	29.35	23.60	10.80
Enterprise Value to NOPAT (EV/NOPAT)	374.06	27.89	12.29	14.80	13.26	55.90	121.24	0.00	52.12	18.04
Enterprise Value to Operating Cash Flow (EV/OCF)	4.18	3.75	3.53	4.45	3.99	4.58	4.64	4.81	5.70	5.98
Enterprise Value to Free Cash Flow (EV/FCFF)	3.31	5.33	3.87	5.28	5.69	6.07	4.42	3.93	4.75	4.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.18	0.16	0.26	0.20	0.35	0.46	0.49	0.43	0.37
Long-Term Debt to Equity	0.18	0.18	0.16	0.26	0.20	0.33	0.41	0.41	0.34	0.29
Financial Leverage	0.17	0.21	0.26	0.30	0.27	0.30	0.38	0.42	0.40	0.40
Leverage Ratio	1.70	1.79	1.75	1.80	1.78	1.81	1.82	1.84	1.86	1.84
Compound Leverage Factor	1.97	-10.30	1.47	4.93	1.64	1.28	1.21	6.43	2.41	1.42
Debt to Total Capital	15.45%	14.99%	13.69%	20.75%	16.87%	25.95%	31.48%	32.69%	30.13%	27.05%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	1.80%	3.40%	4.95%	6.55%	6.07%
Long-Term Debt to Total Capital	15.45%	14.99%	13.69%	20.75%	16.87%	24.15%	28.07%	27.74%	23.58%	20.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.76%
Noncontrolling Interests to Total Capital	0.22%	0.53%	0.57%	0.72%	0.74%	0.82%	0.74%	0.80%	0.82%	0.63%
Common Equity to Total Capital	84.33%	84.47%	85.74%	78.52%	82.39%	73.24%	67.79%	66.51%	69.05%	58.56%
Debt to EBITDA	0.62	0.45	0.39	0.64	0.51	1.15	1.40	1.37	1.20	0.93
Net Debt to EBITDA	0.55	0.29	0.33	0.50	0.48	1.06	1.28	1.25	1.12	0.87
Long-Term Debt to EBITDA	0.62	0.45	0.39	0.64	0.51	1.07	1.25	1.16	0.94	0.72
Debt to NOPAT	46.44	3.26	1.44	2.56	2.25	14.62	40.32	-18.53	13.05	4.29
Net Debt to NOPAT	40.86	2.10	1.21	2.01	2.14	13.51	36.92	-16.91	12.25	4.01
Long-Term Debt to NOPAT	46.44	3.26	1.44	2.56	2.25	13.61	35.96	-15.72	10.21	3.33
Altman Z-Score	-0.63	-0.02	0.18	0.09	0.12	-0.23	-0.26	-0.31	-0.18	0.00
Noncontrolling Interest Sharing Ratio	0.62%	0.87%	0.86%	1.05%	1.03%	11.04%	10.42%	10.22%	10.07%	18.69%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.19	1.36	1.55	1.82	1.53	1.52	1.71	1.54	1.20	1.40
Quick Ratio	1.02	1.17	1.34	1.60	1.28	1.29	1.48	1.31	1.00	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	97	65	81	54	51	76	95	115	92	93
Operating Cash Flow to CapEx	127.94%	482.50%	2,190.79%	0.00%	5,098.47%	720.64%	298.92%	14.28%	806.83%	26,534.93%
Free Cash Flow to Firm to Interest Expense	57.73	37.61	36.60	22.95	20.16	22.67	26.32	31.56	26.97	31.15
Operating Cash Flow to Interest Expense	5.64	20.68	14.69	2.54	15.66	10.95	5.38	0.10	8.66	12.91
Operating Cash Flow Less CapEx to Interest Expense	1.23	16.39	14.02	3.03	15.36	9.43	3.58	-0.59	7.58	12.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.43	1.36	1.36	1.31	1.26	1.21	1.16	1.14	1.13	1.10
Accounts Receivable Turnover	5.87	5.39	5.36	5.50	5.33	5.01	5.04	5.65	5.94	6.03
Inventory Turnover	73.38	72.45	69.14	72.16	76.36	78.89	72.30	71.64	77.32	77.51
Fixed Asset Turnover	2.87	2.82	2.77	2.64	2.45	2.42	2.22	2.09	2.01	1.96
Accounts Payable Turnover	10.80	10.72	11.31	10.93	9.66	10.53	11.30	11.04	10.30	11.08
Days Sales Outstanding (DSO)	62.14	67.77	68.05	66.40	68.48	72.83	72.42	64.61	61.43	60.51
Days Inventory Outstanding (DIO)	4.97	5.04	5.28	5.06	4.78	4.63	5.05	5.10	4.72	4.71
Days Payable Outstanding (DPO)	33.81	34.04	32.28	33.39	37.78	34.67	32.30	33.05	35.44	32.93
Cash Conversion Cycle (CCC)	33.31	38.77	41.05	38.07	35.48	42.78	45.16	36.65	30.71	32.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	275	316	339	358	379	381	411	414	418	439
Invested Capital Turnover	2.08	2.01	1.89	1.81	1.76	1.69	1.52	1.48	1.49	1.44
Increase / (Decrease) in Invested Capital	-104	-65	-72	-55	-39	-58	-89	-118	-100	-87
Enterprise Value (EV)	349	428	406	454	386	394	408	434	523	524
Market Capitalization	310	394	364	390	320	295	281	301	397	341
Book Value per Share	$17.16	$19.63	$20.34	$20.27	$21.71	$19.59	$19.41	$18.97	$21.89	$19.02
Tangible Book Value per Share	$11.83	$14.05	$14.85	$14.68	$15.90	$13.87	$13.56	$13.19	$15.37	$12.73
Total Capital	280	334	347	379	389	397	431	434	435	461
Total Debt	43	50	47	79	66	103	136	142	131	125
Total Long-Term Debt	43	50	47	79	66	96	121	120	103	97
Net Debt	38	32	40	62	62	95	124	130	123	116
Capital Expenditures (CapEx)	7.42	7.39	1.48	-1.17	0.78	5.11	6.49	2.51	3.64	0.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	13	21	46	59	58	65	76	65	46	67
Debt-free Net Working Capital (DFNWC)	18	39	54	76	61	72	88	77	54	75
Net Working Capital (NWC)	18	39	54	76	61	65	73	55	25	47
Net Nonoperating Expense (NNE)	8.40	5.32	1.22	3.95	-9.84	9.25	1.85	3.58	3.50	0.51
Net Nonoperating Obligations (NNO)	38	32	40	58	56	87	116	121	114	103
Total Depreciation and Amortization (D&A)	17	17	17	17	16	17	21	22	21	23
Debt-free, Cash-free Net Working Capital to Revenue	1.85%	2.96%	6.50%	8.47%	8.23%	9.34%	11.03%	9.23%	6.57%	9.59%
Debt-free Net Working Capital to Revenue	2.61%	5.51%	7.54%	10.87%	8.71%	10.47%	12.68%	11.00%	7.71%	10.79%
Net Working Capital to Revenue	2.61%	5.51%	7.54%	10.87%	8.71%	9.44%	10.56%	7.93%	3.63%	6.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.05)	($0.36)	$0.57	($0.35)	$1.53	$0.61	$0.30	($0.42)	($0.93)	$0.32
Adjusted Weighted Average Basic Shares Outstanding	14.29M	14.29M	14.52M	14.66M	14.91M	14.81M	14.97M	15.16M	14.00M	13.93M
Adjusted Diluted Earnings per Share	($1.04)	($0.36)	$0.56	($0.35)	$1.52	$0.61	$0.30	($0.42)	($0.93)	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	14.29M	14.29M	14.60M	14.66M	15.01M	14.89M	15M	15.16M	14.00M	14.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.93)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.65M	13.77M	14.37M	14.62M	14.67M	14.75M	14.84M	15.05M	15.22M	13.71M
Normalized Net Operating Profit after Tax (NOPAT)	-4.35	0.15	8.77	-0.02	-0.01	11	6.02	-2.73	-8.57	6.77
Normalized NOPAT Margin	-2.88%	0.09%	4.65%	-0.01%	-0.01%	6.12%	3.36%	-1.63%	-5.29%	3.68%
Pre Tax Income Margin	-8.04%	-0.81%	5.97%	-2.19%	17.79%	4.36%	3.94%	-3.03%	-9.10%	5.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-6.23	0.14	6.09	-0.56	12.89	3.37	2.94	-0.40	-3.35	4.32
NOPAT to Interest Expense	-4.17	0.02	3.95	-0.53	5.02	5.49	1.67	-0.75	-2.52	2.26
EBIT Less CapEx to Interest Expense	-10.63	-4.14	5.42	-0.07	12.58	1.85	1.14	-1.08	-4.42	4.27
NOPAT Less CapEx to Interest Expense	-8.58	-4.27	3.28	-0.03	4.71	3.97	-0.13	-1.43	-3.60	2.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-78.26%	74.68%	43.29%	36.08%	24.97%	-74.74%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-238.96%	209.37%	82.85%	71.98%	64.10%	-259.48%	-272.10%	-951.35%	224.47%	62.86%

Frequently Asked Questions About Civeo's Financials

When does Civeo's fiscal year end?

According to the most recent income statement we have on file, Civeo's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Civeo's net income changed over the last 2 years?

Civeo's net income appears to be on a downward trend, with a most recent value of -$18.43 million in 2024, falling from $6.33 million in 2022. The previous period was $29.73 million in 2023. Find out what analysts predict for Civeo in the coming months.

What is Civeo's operating income?

Civeo's total operating income in 2024 was $1.33 million, based on the following breakdown:

Total Gross Profit: $149.46 million
Total Operating Expenses: $148.12 million

How has Civeo revenue changed over the last 2 years?

Over the last 2 years, Civeo's total revenue changed from $697.05 million in 2022 to $682.12 million in 2024, a change of -2.1%.

How much debt does Civeo have?

Civeo's total liabilities were at $168.07 million at the end of 2024, a 25.3% decrease from 2023, and a 36.0% decrease since 2022.

How much cash does Civeo have?

In the past 2 years, Civeo's cash and equivalents has ranged from $3.32 million in 2023 to $7.95 million in 2022, and is currently $5.20 million as of their latest financial filing in 2024.

How has Civeo's book value per share changed over the last 2 years?

Over the last 2 years, Civeo's book value per share changed from 21.89 in 2022 to 17.16 in 2024, a change of -21.6%.

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This page (NYSE:CVEO) was last updated on 5/30/2025 by MarketBeat.com Staff

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Civeo (CVEO) Financials

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Civeo (CVEO) Financials

Annual Income Statements for Civeo

Quarterly Income Statements for Civeo

Annual Cash Flow Statements for Civeo

Quarterly Cash Flow Statements for Civeo

Annual Balance Sheets for Civeo

Quarterly Balance Sheets for Civeo

Annual Metrics And Ratios for Civeo

Quarterly Metrics And Ratios for Civeo

Frequently Asked Questions About Civeo's Financials

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