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Civeo (CVEO) Financials

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$31.91 +1.15 (+3.74%)
As of 03:57 PM Eastern
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Annual Income Statements for Civeo

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -132 -96 -106 -132 -60 -136 -0.58 2.23 30 -17 -20
Consolidated Net Income / (Loss)		 -131 -96 -105 -82 -58 -133 2.50 6.33 30 -18 -20
Net Income / (Loss) Continuing Operations		 -131 -96 -105 -82 -58 -133 2.50 6.33 30 -18 -20
Total Pre-Tax Income 		-164 -116 -119 -113 -69 -143 5.87 11 40 -5.94 -6.46
Total Operating Income		 -145 -96 -98 -88 -49 -147 6.05 17 39 1.33 4.12
Total Gross Profit		 190 138 125 134 161 148 158 180 171 149 151
Total Revenue		 518 397 382 467 528 530 594 697 701 682 639
Operating Revenue		 518 397 382 467 528 530 594 697 701 682 639
Total Cost of Revenue		 328 260 257 332 367 382 436 517 530 533 488
Operating Cost of Revenue		 328 260 257 332 367 382 436 517 530 533 488
Total Operating Expenses		 335 233 223 222 210 295 152 163 131 148 147
Selling, General & Admin Expense		 68 55 63 67 60 54 61 70 73 73 75
Depreciation Expense		 153 131 126 126 124 97 83 87 75 68 73
Other Operating Expenses / (Income)		 -9.00 0.61 1.51 0.79 0.29 0.51 0.31 - 0.48 0.90 -0.99
Impairment Charge		 123 46 32 29 26 144 7.94 5.72 1.40 12 0.00
Other Special Charges / (Income)		 - - - - - - 0.00 0.00 -19 -5.74 0.00
Total Other Income / (Expense), net		 -19 -20 -21 -25 -20 3.77 -0.18 -6.29 0.88 -7.27 -11
Interest Expense		 24 23 22 27 27 17 13 11 13 7.97 11
Interest & Investment Income		 2.03 0.15 0.20 0.23 0.08 0.02 0.00 0.04 0.17 0.19 0.16
Other Income / (Expense), net		 3.28 2.65 1.31 1.62 7.28 21 13 5.15 14 0.52 0.68
Income Tax Expense		 -33 -20 -13 -31 -11 -11 3.38 4.40 11 12 14
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.10 0.56 0.46 0.40 0.16 1.47 1.15 2.33 -0.43 -1.36 -0.01
Basic Earnings per Share		 ($1.24) ($0.90) ($0.82) ($10.06) ($4.33) ($9.64) ($0.04) ($0.21) $2.02 ($1.19) ($1.59)
Weighted Average Basic Shares Outstanding		 106.60M 107.02M 128.37M 13.10M 13.92M 14.13M 14.23M 14.00M 14.91M 14.29M 12.65M
Diluted Earnings per Share		 ($1.24) ($0.90) ($0.82) ($10.06) ($4.33) ($9.64) ($0.04) ($0.21) $2.01 ($1.19) ($1.59)
Weighted Average Diluted Shares Outstanding		 106.60M 107.02M 128.37M 13.10M 13.92M 14.13M 14.23M 14.00M 15.01M 14.29M 12.65M
Weighted Average Basic & Diluted Shares Outstanding		 106.30M 107.10M 128.90M 156.90M 169.66M 14.29M 14.11M 15.22M 14.67M 13.65M 10.95M

Quarterly Income Statements for Civeo

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 23 -5.13 8.23 -5.09 -15 -9.84 -3.31 -0.46 -6.46 -3.81 -2.52
Consolidated Net Income / (Loss)		 23 -5.20 7.49 -5.29 -15 -9.85 -3.31 -0.46 -6.46 -3.80 -2.52
Net Income / (Loss) Continuing Operations		 23 -5.20 7.49 -5.29 -15 -9.85 -3.31 -0.46 -6.46 -3.80 -2.52
Total Pre-Tax Income 		30 -3.65 11 -1.43 -12 -6.76 0.30 3.58 -3.57 -0.66 1.01
Total Operating Income		 17 -1.78 13 0.04 -10 -5.52 2.80 6.97 -0.14 3.12 5.09
Total Gross Profit		 36 36 48 38 28 29 41 44 37 40 41
Total Revenue		 171 166 189 176 151 144 163 170 162 173 180
Operating Revenue		 171 166 189 176 151 144 163 170 162 173 180
Total Cost of Revenue		 135 130 141 139 123 115 122 127 125 133 139
Operating Cost of Revenue		 135 130 141 139 123 115 122 127 125 133 139
Total Operating Expenses		 19 37 35 38 38 35 38 37 37 37 36
Selling, General & Admin Expense		 20 19 17 20 19 18 20 18 19 20 20
Depreciation Expense		 16 17 17 17 17 16 18 20 19 17 16
Other Operating Expenses / (Income)		 - 0.30 0.19 0.51 - 0.51 0.07 -1.30 -0.26 -0.34 -0.42
Total Other Income / (Expense), net		 13 -1.86 -1.93 -1.47 -2.10 -1.25 -2.51 -3.38 -3.44 -3.79 -4.08
Interest Expense		 2.55 2.36 2.20 1.73 1.69 1.62 2.70 3.42 3.68 3.76 4.26
Interest & Investment Income		 0.05 0.04 0.05 0.05 0.04 0.03 0.08 0.03 0.04 0.04 0.05
Other Income / (Expense), net		 16 0.45 0.22 0.20 -0.45 0.35 0.12 0.01 0.21 -0.06 0.12
Income Tax Expense		 7.74 1.55 3.79 3.86 3.29 3.09 3.61 4.04 2.89 3.14 3.53
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.37 -0.06 -0.74 -0.20 -0.36 -0.01 0.00 -0.00 0.00 0.01 0.00
Basic Earnings per Share		 $1.53 ($0.35) $0.57 ($0.36) ($1.05) ($0.72) ($0.25) ($0.04) ($0.58) ($0.34) ($0.23)
Weighted Average Basic Shares Outstanding		 14.91M 14.66M 14.52M 14.29M 14.29M 13.60M 13.18M 12.40M 12.65M 11.12M 10.93M
Diluted Earnings per Share		 $1.52 ($0.35) $0.56 ($0.36) ($1.04) ($0.72) ($0.25) ($0.04) ($0.58) ($0.34) ($0.23)
Weighted Average Diluted Shares Outstanding		 15.01M 14.66M 14.60M 14.29M 14.29M 13.60M 13.18M 12.40M 12.65M 11.12M 10.93M
Weighted Average Basic & Diluted Shares Outstanding		 14.67M 14.62M 14.37M 13.77M 13.65M 13.45M 12.55M 11.52M 10.95M 10.94M 10.34M
Cash Dividends to Common per Share		 - $0.25 $0.25 $0.25 - $0.25 $0.00 $0.00 - $0.00 $0.00

Annual Cash Flow Statements for Civeo

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -255 -6.05 31 -20 -9.04 2.82 0.13 1.67 -4.63 1.88 9.24
Net Cash From Operating Activities		 186 62 57 54 74 117 89 92 97 84 22
Net Cash From Continuing Operating Activities		 186 62 57 54 74 117 89 92 97 84 22
Net Income / (Loss) Continuing Operations		 -131 -96 -105 -82 -58 -133 2.50 6.33 30 -18 -20
Consolidated Net Income / (Loss)		 -131 -96 -105 -82 -58 -133 2.50 6.33 30 -18 -20
Depreciation Expense		 153 131 126 126 124 97 83 87 75 68 73
Non-Cash Adjustments To Reconcile Net Income		 131 53 43 43 35 145 8.63 7.98 -6.74 9.78 -1.27
Changes in Operating Assets and Liabilities, net		 33 -27 -7.77 -33 -26 8.76 -5.70 -9.75 -1.57 24 -29
Net Cash From Investing Activities		 -50 -13 -8.74 -182 -39 -1.77 -0.71 -8.95 -15 -15 -90
Net Cash From Continuing Investing Activities		 -50 -13 -8.74 -182 -39 -1.77 -0.71 -8.95 -15 -15 -90
Purchase of Property, Plant & Equipment		 -62 -20 -11 -17 -30 -10 -16 -25 -32 -26 -20
Acquisitions		 - 0.00 0.00 -171 -16 - - - 0.00 0.00 -72
Sale of Property, Plant & Equipment		 13 5.78 1.91 5.84 5.91 3.69 14 16 17 11 2.25
Other Investing Activities, net		 0.00 1.32 0.55 0.65 1.76 4.62 0.56 0.19 0.37 0.18 0.00
Net Cash From Financing Activities		 -350 -58 -18 110 -45 -114 -87 -80 -87 -65 75
Net Cash From Continuing Financing Activities		 -350 -58 -18 110 -45 -114 -87 -80 -87 -65 75
Repayment of Debt		 -975 -369 -127 -249 -426 -492 -480 -325 -278 -305 -198
Repurchase of Common Equity		 - - - - 0.00 0.00 -4.65 -14 -12 -30 -54
Payment of Dividends		 - - - - - - 0.00 0.00 -7.42 -14 -3.44
Issuance of Debt		 624 311 45 358 382 378 398 290 211 284 330
Effect of Exchange Rate Changes		 -42 2.82 - -2.24 - 1.44 -1.19 -1.50 0.13 - 2.29

Quarterly Cash Flow Statements for Civeo

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 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -4.49 13 -9.32 10 -13 23 -14 -2.64 2.44 2.11 4.06
Net Cash From Operating Activities		 40 5.99 32 36 9.50 -8.45 -2.31 14 19 -9.74 12
Net Cash From Continuing Operating Activities		 40 5.99 32 36 9.50 -8.45 -2.31 14 19 -9.74 12
Net Income / (Loss) Continuing Operations		 23 -5.20 7.49 -5.29 -15 -9.85 -3.31 -0.46 -6.46 -3.80 -2.52
Consolidated Net Income / (Loss)		 23 -5.20 7.49 -5.29 -15 -9.85 -3.31 -0.46 -6.46 -3.80 -2.52
Depreciation Expense		 16 17 17 17 17 16 18 20 19 17 16
Non-Cash Adjustments To Reconcile Net Income		 -21 3.03 1.14 1.30 4.31 0.39 1.12 0.80 -3.58 1.76 0.94
Changes in Operating Assets and Liabilities, net		 23 -8.62 6.68 22 3.85 -15 -18 -6.52 11 -25 -3.11
Net Cash From Investing Activities		 -0.41 1.17 -1.29 -7.39 -7.42 -5.10 -69 -12 -4.16 -3.93 -2.70
Net Cash From Continuing Investing Activities		 -0.41 1.17 -1.29 -7.39 -7.42 -5.10 -69 -12 -4.16 -3.93 -2.70
Purchase of Property, Plant & Equipment		 -10 -5.61 -5.32 -7.48 -7.73 -5.27 -4.50 -5.61 -4.81 -4.13 -3.71
Sale of Property, Plant & Equipment		 9.67 6.78 3.84 0.08 0.31 0.17 0.11 1.16 0.81 0.20 1.02
Net Cash From Financing Activities		 -45 6.61 -41 -14 -17 37 56 -4.64 -13 16 -4.41
Net Cash From Continuing Financing Activities		 -45 6.61 -41 -14 -17 37 56 -4.64 -13 16 -4.41
Repayment of Debt		 -76 -66 -70 -109 -60 -55 -59 -49 -35 -162 -234
Issuance of Debt		 38 81 40 113 51 99 134 71 27 193 230

Annual Balance Sheets for Civeo

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,067 910 854 1,002 970 741 673 566 548 405 477
Total Current Assets		 90 83 132 108 131 119 157 154 175 110 131
Cash & Equivalents		 7.84 1.79 33 12 3.33 6.16 6.28 7.95 3.32 5.20 14
Accounts Receivable		 61 56 67 70 99 90 115 120 143 89 90
Inventories, net		 5.63 3.11 7.25 4.31 5.88 6.18 6.47 6.91 6.98 7.54 6.22
Prepaid Expenses		 12 15 14 7.04 7.25 7.02 6.88 7.20 8.44 7.46 17
Other Current Assets		 3.31 1.52 1.55 3.56 7.90 6.17 11 3.08 7.41 1.21 2.88
Plant, Property, & Equipment, net		 932 790 694 659 590 487 390 302 271 205 245
Total Noncurrent Assets		 45 38 28 235 248 135 126 111 102 90 102
Goodwill		 - - 0.00 114 110 8.73 8.20 7.67 7.69 7.00 7.54
Intangible Assets		 35 28 23 119 112 100 94 82 78 67 70
Other Noncurrent Operating Assets		 9.35 10 5.11 1.36 26 26 24 21 17 16 24
Total Liabilities & Shareholders' Equity		 1,067 910 854 1,002 970 741 673 566 548 405 477
Total Liabilities		 503 434 378 466 479 365 310 262 225 168 303
Total Current Liabilities		 66 60 76 87 110 117 137 128 114 93 85
Accounts Payable		 25 21 28 28 37 42 49 51 59 40 44
Accrued Expenses		 15 15 22 16 22 27 34 39 41 35 31
Current Deferred Revenue		 7.75 6.79 5.44 3.04 7.17 6.81 18 0.99 4.85 2.50 2.90
Current Deferred & Payable Income Tax Liabilities		 1.10 0.11 1.73 0.31 0.33 0.20 0.17 0.18 3.83 11 0.15
Other Current Liabilities		 0.49 2.57 1.84 5.72 8.74 5.76 4.81 8.34 6.33 4.39 6.76
Total Noncurrent Liabilities		 437 374 302 380 369 249 173 134 111 75 218
Long-Term Debt		 379 338 278 343 322 214 143 103 66 43 183
Noncurrent Deferred & Payable Income Tax Liabilities		 25 9.19 0.00 18 9.45 0.00 0.90 4.78 12 3.56 3.32
Other Noncurrent Operating Liabilities		 32 27 24 18 38 35 29 27 33 29 32
Total Equity & Noncontrolling Interests		 564 476 476 535 491 375 363 304 323 237 174
Total Preferred & Common Equity		 563 475 476 535 490 375 361 300 320 236 174
Total Common Equity		 563 475 476 479 432 315 300 300 320 236 174
Common Stock		 1,306 1,311 1,384 1,562 1,572 1,578 1,582 1,625 1,629 1,632 1,635
Retained Earnings		 -376 -473 -579 -711 -772 -908 -913 -930 -919 -981 -1,059
Treasury Stock		 0.00 -0.07 -0.36 -1.19 -5.47 -6.93 -8.05 -9.06 -9.06 -10 -11
Accumulated Other Comprehensive Income / (Loss)		 -366 -363 -328 -371 -363 -349 -362 -385 -381 -405 -391
Noncontrolling Interest		 0.53 0.52 0.12 0.00 0.66 0.67 1.61 3.56 2.87 0.63 0.00

Quarterly Balance Sheets for Civeo

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 551 559 557 513 483 478 424 509 491 492 488
Total Current Assets		 159 176 191 169 152 146 134 139 140 153 162
Cash & Equivalents		 12 11 7.82 17 7.44 18 28 15 12 17 21
Accounts Receivable		 123 140 154 131 124 107 94 104 105 107 109
Inventories, net		 7.38 7.17 6.27 7.23 8.35 8.77 5.74 5.82 5.81 6.34 6.63
Prepaid Expenses		 5.14 6.17 11 6.09 9.09 11 5.47 13 15 20 21
Other Current Assets		 2.59 2.83 3.25 3.52 2.38 1.22 1.22 1.30 2.68 2.66 4.19
Plant, Property, & Equipment, net		 284 276 263 246 237 234 196 265 251 235 223
Total Noncurrent Assets		 108 108 103 98 95 98 94 104 100 104 103
Goodwill		 7.57 7.52 7.29 7.36 7.54 7.81 7.05 7.41 7.43 7.77 7.81
Intangible Assets		 80 81 78 75 73 72 65 73 71 68 66
Other Noncurrent Operating Assets		 20 19 18 16 15 18 21 24 21 28 29
Total Liabilities & Shareholders' Equity		 551 559 557 513 483 478 424 509 491 492 488
Total Liabilities		 259 264 263 213 184 194 203 299 309 331 328
Total Current Liabilities		 103 103 125 93 98 107 81 92 86 81 86
Accounts Payable		 48 48 53 49 47 48 39 45 44 45 42
Accrued Expenses		 21 28 49 26 32 36 26 39 34 26 32
Current Deferred Revenue		 3.99 3.10 6.88 4.49 4.19 2.79 2.58 2.84 2.67 2.81 4.06
Current Deferred & Payable Income Tax Liabilities		 0.22 0.10 0.17 7.43 9.69 14 8.89 0.08 0.13 0.18 0.04
Other Current Liabilities		 8.39 9.53 9.28 6.17 4.86 5.04 4.91 5.21 5.11 7.18 7.24
Total Noncurrent Liabilities		 156 161 137 120 86 87 122 207 223 250 243
Long-Term Debt		 120 121 96 79 47 50 87 169 188 212 209
Noncurrent Deferred & Payable Income Tax Liabilities		 5.87 8.63 7.02 9.05 7.18 5.24 3.07 5.81 4.34 3.27 1.76
Other Noncurrent Operating Liabilities		 29 31 34 32 31 32 31 33 31 34 32
Total Equity & Noncontrolling Interests		 292 295 294 300 299 284 221 209 183 161 159
Total Preferred & Common Equity		 289 292 291 297 297 282 221 209 183 161 159
Total Common Equity		 289 292 291 297 297 282 221 209 183 161 159
Common Stock		 1,625 1,627 1,628 1,630 1,630 1,631 1,632 1,633 1,634 1,635 1,636
Retained Earnings		 -940 -940 -936 -931 -933 -957 -997 -1,020 -1,047 -1,077 -1,080
Treasury Stock		 -9.06 -9.06 -9.06 -10 -10 -10 -11 -11 -11 -11 -11
Accumulated Other Comprehensive Income / (Loss)		 -387 -385 -392 -391 -389 -382 -404 -393 -393 -386 -385
Noncontrolling Interest		 3.47 3.17 3.24 2.73 1.96 1.79 0.00 0.00 0.00 0.00 0.00

Annual Metrics And Ratios for Civeo

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 107,465,397.00 108,098,786.00 132,259,000.00 167,970,631.00 169,549,135.00 170,582,021.00 14,250,180.00 - - - 11,515,223.00
DEI Adjusted Shares Outstanding		 8,955,450.00 9,008,232.00 11,021,583.00 13,997,553.00 14,129,095.00 14,215,168.00 14,250,180.00 - - - 11,515,223.00
DEI Earnings Per Adjusted Shares Outstanding		 -14.71 -10.70 -9.59 -9.42 -4.27 -9.58 -0.04 - - - -1.74
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -45.07% -23.31% -3.76% 22.08% 13.04% 0.41% 12.22% 17.26% 0.54% -2.67% -6.34%
EBITDA Growth		 -71.56% 239.05% -22.02% 32.35% 108.04% -136.36% 443.26% 6.87% 17.49% -45.62% 10.77%
EBIT Growth		 -4.70% 34.30% -3.81% 10.58% 51.67% -202.53% 115.23% 15.15% 140.75% -96.54% 159.49%
NOPAT Growth		 -1.48% 33.96% -2.31% 10.12% 44.30% -200.07% 102.50% 290.10% 189.76% -96.79% 208.93%
Net Income Growth		 30.37% 26.66% -9.84% 22.24% 28.73% -127.62% 101.88% 153.50% 369.67% -161.99% -8.94%
EPS Growth		 29.94% 27.42% 8.89% 22.24% 28.73% -122.63% 99.59% -425.00% 1,057.14% -159.20% -33.61%
Operating Cash Flow Growth		 -36.00% -66.63% -8.59% -4.29% 36.94% 57.57% -24.56% 3.66% 5.22% -13.52% -73.25%
Free Cash Flow Firm Growth		 36.86% -80.24% -59.13% -965.23% 108.07% 569.57% -18.06% 12.25% -38.55% 55.36% -161.59%
Invested Capital Growth		 -30.54% -13.62% -11.45% 21.97% -5.88% -26.64% -15.58% -19.33% -9.25% -27.49% 24.61%
Revenue Q/Q Growth		 -19.12% -1.58% 2.80% 2.90% 6.93% -2.81% 4.65% 0.35% 1.24% -2.83% 1.70%
EBITDA Q/Q Growth		 105.28% -6.20% -53.28% 628.94% -9.58% 33.54% 11.86% -18.67% 43.17% -37.81% 18.77%
EBIT Q/Q Growth		 62.87% -1.70% -50.57% 29.99% -45.87% 14.73% 323.10% -54.30% 487.24% -95.91% 184.47%
NOPAT Q/Q Growth		 62.83% -1.80% -46.15% 30.36% -43.35% 11.22% 171.65% -65.43% 312.98% -93.92% 171.03%
Net Income Q/Q Growth		 66.63% -5.94% -42.97% 29.47% -45.50% 18.57% 125.98% -78.39% 695.55% -193.77% 30.89%
EPS Q/Q Growth		 66.30% -5.88% -36.67% 29.47% -45.50% 17.04% 95.92% -111.67% 602.50% -186.86% 22.44%
Operating Cash Flow Q/Q Growth		 -27.72% 3.27% -3.42% 46.36% 20.02% -3.51% -11.40% 4.69% 12.29% -26.74% 77.73%
Free Cash Flow Firm Q/Q Growth		 -38.99% 414.56% -40.59% 14.43% -71.29% -18.91% 12.28% -4.75% 4.44% 31.25% -39.61%
Invested Capital Q/Q Growth		 -1.17% -7.11% -8.44% -8.04% -4.96% -0.43% -1.37% -4.72% -0.41% -12.98% -4.38%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 36.75% 34.63% 32.70% 28.77% 30.47% 27.87% 26.58% 25.82% 24.33% 21.91% 23.65%
EBITDA Margin		 2.17% 9.61% 7.79% 8.45% 15.54% -5.63% 17.22% 15.69% 18.34% 10.25% 12.12%
Operating Margin		 -27.99% -24.11% -25.63% -18.87% -9.30% -27.79% 1.02% 2.44% 5.63% 0.20% 0.64%
EBIT Margin		 -27.36% -23.44% -25.29% -18.52% -7.92% -23.85% 3.24% 3.18% 7.62% 0.27% 0.75%
Profit (Net Income) Margin		 -25.23% -24.12% -27.53% -17.54% -11.06% -25.07% 0.42% 0.91% 4.24% -2.70% -3.14%
Tax Burden Percent		 79.79% 82.66% 88.64% 72.30% 84.45% 92.58% 42.52% 58.98% 73.66% 310.41% 310.97%
Interest Burden Percent		 115.54% 124.50% 122.84% 130.98% 165.37% 113.49% 30.51% 48.41% 75.63% -321.09% -134.56%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 57.48% 41.02% 26.34% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -8.73% -7.55% -8.84% -7.62% -3.98% -14.21% 0.45% 2.14% 7.29% 0.28% 0.93%
ROIC Less NNEP Spread (ROIC-NNEP)		 -15.21% -15.37% -21.07% -14.29% -10.84% -24.38% 0.42% -0.61% 8.05% -40.71% -21.30%
Return on Net Nonoperating Assets (RNNOA)		 -9.62% -10.88% -13.27% -8.56% -7.39% -16.45% 0.22% -0.25% 2.19% -6.87% -10.69%
Return on Equity (ROE)		 -18.35% -18.43% -22.10% -16.18% -11.37% -30.66% 0.68% 1.90% 9.49% -6.58% -9.76%
Cash Return on Invested Capital (CROIC)		 27.32% 7.06% 3.30% -27.42% 2.07% 16.52% 17.35% 23.55% 16.99% 32.16% -20.98%
Operating Return on Assets (OROA)		 -9.79% -9.42% -10.96% -9.32% -4.24% -14.77% 2.72% 3.58% 9.58% 0.39% 1.09%
Return on Assets (ROA)		 -9.02% -9.69% -11.93% -8.82% -5.92% -15.52% 0.35% 1.02% 5.34% -3.87% -4.55%
Return on Common Equity (ROCE)		 -18.31% -18.41% -22.09% -15.28% -10.09% -26.43% 0.56% 1.71% 9.39% -6.54% -9.75%
Return on Equity Simple (ROE_SIMPLE)		 -23.20% -20.15% -22.10% -15.29% -11.90% -35.44% 0.69% 2.11% 9.29% -7.80% 0.00%
Net Operating Profit after Tax (NOPAT)		 -102 -67 -69 -62 -34 -103 2.57 10 29 0.93 2.88
NOPAT Margin		 -19.60% -16.87% -17.94% -13.21% -6.51% -19.45% 0.43% 1.44% 4.15% 0.14% 0.45%
Net Nonoperating Expense Percent (NNEP)		 6.48% 7.82% 12.23% 6.67% 6.86% 10.18% 0.04% 2.75% -0.76% 41.00% 22.23%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 2.31% 7.48% 0.33% 0.81%
Cost of Revenue to Revenue		 63.25% 65.37% 67.30% 71.23% 69.53% 72.13% 73.42% 74.18% 75.67% 78.09% 76.35%
SG&A Expenses to Revenue		 13.21% 13.92% 16.59% 14.36% 11.29% 10.13% 10.19% 10.05% 10.43% 10.88% 11.79%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 64.74% 58.74% 58.33% 47.64% 39.77% 55.66% 25.56% 23.38% 18.70% 21.72% 23.01%
Earnings before Interest and Taxes (EBIT)		 -142 -93 -97 -86 -42 -126 19 22 53 1.85 4.80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 11 38 30 39 82 -30 102 109 129 70 77
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.26 0.48 0.73 0.48 0.48 0.60 0.87 1.32 1.00 1.31 1.51
Price to Tangible Book Value (P/TBV)		 0.28 0.51 0.76 0.94 1.00 0.92 1.32 1.88 1.37 1.90 2.73
Price to Revenue (P/Rev)		 0.28 0.57 0.90 0.49 0.40 0.36 0.44 0.57 0.46 0.45 0.41
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 178.15 10.63 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.30% 4.44% 4.37%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.56% 9.41% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.56 0.70 0.83 0.73 0.74 0.80 0.95 1.25 1.02 1.27 1.26
Enterprise Value to Revenue (EV/Rev)		 1.03 1.46 1.59 1.39 1.18 0.93 0.83 0.75 0.55 0.51 0.68
Enterprise Value to EBITDA (EV/EBITDA)		 47.55 15.18 20.40 16.49 7.58 0.00 4.81 4.78 3.00 4.99 5.58
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 25.55 23.60 7.23 188.63 89.99
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 191.16 52.12 13.26 374.06 149.89
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.88 9.32 10.69 11.95 8.35 4.19 5.56 5.70 3.99 4.18 19.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.69 9.24 23.70 0.00 34.73 4.11 5.01 4.75 5.69 3.31 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.70 0.74 0.62 0.70 0.73 0.66 0.48 0.43 0.20 0.18 1.05
Long-Term Debt to Equity		 0.67 0.71 0.58 0.64 0.66 0.57 0.39 0.34 0.20 0.18 1.05
Financial Leverage		 0.63 0.71 0.63 0.60 0.68 0.67 0.53 0.40 0.27 0.17 0.50
Leverage Ratio		 2.03 1.90 1.85 1.83 1.92 1.98 1.91 1.86 1.78 1.70 2.15
Compound Leverage Factor		 2.35 2.37 2.28 2.40 3.18 2.24 0.58 0.90 1.34 -5.46 -2.89
Debt to Total Capital		 41.31% 42.60% 38.21% 41.27% 42.10% 39.84% 32.29% 30.13% 16.87% 15.45% 51.18%
Short-Term Debt to Total Capital		 1.82% 1.87% 2.15% 3.66% 4.14% 5.54% 5.70% 6.55% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 39.50% 40.74% 36.06% 37.61% 37.96% 34.30% 26.59% 23.58% 16.87% 15.45% 51.18%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 6.17% 6.86% 9.62% 11.55% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.05% 0.06% 0.02% 0.00% 0.08% 0.11% 0.30% 0.82% 0.74% 0.22% 0.00%
Common Equity to Total Capital		 58.63% 57.34% 61.77% 52.56% 50.96% 50.43% 55.86% 69.05% 82.39% 84.33% 48.82%
Debt to EBITDA		 35.24 9.25 9.89 9.55 4.35 -8.34 1.69 1.20 0.51 0.62 2.36
Net Debt to EBITDA		 34.54 9.20 8.80 9.23 4.31 -8.13 1.63 1.12 0.48 0.55 2.18
Long-Term Debt to EBITDA		 33.69 8.85 9.33 8.70 3.92 -7.18 1.39 0.94 0.51 0.62 2.36
Debt to NOPAT		 -3.91 -5.27 -4.30 -6.10 -10.39 -2.41 67.30 13.05 2.25 46.44 63.48
Net Debt to NOPAT		 -3.83 -5.24 -3.82 -5.90 -10.30 -2.35 64.86 12.25 2.14 40.86 58.46
Long-Term Debt to NOPAT		 -3.74 -5.04 -4.05 -5.56 -9.37 -2.08 55.42 10.21 2.25 46.44 63.48
Altman Z-Score		 -0.25 -0.28 -0.25 -0.49 -0.42 -1.25 -0.38 0.02 0.24 -0.53 -1.10
Noncontrolling Interest Sharing Ratio		 0.26% 0.10% 0.07% 5.57% 11.21% 13.79% 16.82% 10.07% 1.03% 0.62% 0.15%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.36 1.37 1.75 1.24 1.19 1.02 1.15 1.20 1.53 1.19 1.54
Quick Ratio		 1.05 0.96 1.32 0.95 0.93 0.82 0.88 1.00 1.28 1.02 1.24
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 317 63 26 -222 18 120 98 110 68 105 -65
Operating Cash Flow to CapEx		 374.29% 443.94% 611.95% 482.87% 311.56% 1,835.77% 6,998.74% 1,004.63% 648.39% 552.06% 124.49%
Free Cash Flow to Firm to Interest Expense		 13.20 2.73 1.15 -8.21 0.65 7.02 7.34 9.61 5.14 13.20 -5.68
Operating Cash Flow to Interest Expense		 7.74 2.71 2.55 2.01 2.72 6.88 6.62 8.00 7.33 10.47 1.96
Operating Cash Flow Less CapEx to Interest Expense		 5.67 2.10 2.13 1.60 1.85 6.50 6.52 7.20 6.20 8.58 0.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.36 0.40 0.43 0.50 0.54 0.62 0.84 1.13 1.26 1.43 1.45
Accounts Receivable Turnover		 4.67 6.75 6.21 6.81 6.22 5.60 5.81 5.94 5.33 5.87 7.12
Inventory Turnover		 34.74 59.40 49.67 57.52 71.99 63.38 69.01 77.32 76.36 73.38 70.92
Fixed Asset Turnover		 0.48 0.46 0.52 0.69 0.84 0.98 1.36 2.01 2.45 2.87 2.84
Accounts Payable Turnover		 10.76 11.47 10.61 11.84 11.23 9.67 9.55 10.30 9.66 10.80 11.58
Days Sales Outstanding (DSO)		 78.12 54.11 58.78 53.59 58.71 65.21 62.82 61.43 68.48 62.14 51.28
Days Inventory Outstanding (DIO)		 10.51 6.15 7.35 6.35 5.07 5.76 5.29 4.72 4.78 4.97 5.15
Days Payable Outstanding (DPO)		 33.92 31.83 34.40 30.83 32.49 37.75 38.21 35.44 37.78 33.81 31.52
Cash Conversion Cycle (CCC)		 54.71 28.42 31.73 29.11 31.29 33.22 29.91 30.71 35.48 33.31 24.90
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 953 823 729 889 837 614 518 418 379 275 343
Invested Capital Turnover		 0.45 0.45 0.49 0.58 0.61 0.73 1.05 1.49 1.76 2.08 2.07
Increase / (Decrease) in Invested Capital		 -419 -130 -94 160 -52 -223 -96 -100 -39 -104 68
Enterprise Value (EV)		 536 580 608 650 622 492 492 523 386 349 432
Market Capitalization		 146 228 346 230 209 189 261 397 320 310 263
Book Value per Share		 $5.24 $4.40 $3.60 $2.85 $2.55 $1.84 $21.02 $21.89 $21.71 $17.16 $15.14
Tangible Book Value per Share		 $4.91 $4.14 $3.43 $1.46 $1.24 $1.21 $13.87 $15.37 $15.90 $11.83 $8.37
Total Capital		 961 829 771 912 848 624 536 435 389 280 357
Total Debt		 397 353 295 376 357 249 173 131 66 43 183
Total Long-Term Debt		 379 338 278 343 322 214 143 103 66 43 183
Net Debt		 389 351 262 364 354 242 167 123 62 38 168
Capital Expenditures (CapEx)		 50 14 9.29 11 24 6.39 1.27 9.14 15 15 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 33 36 41 42 53 31 45 46 58 13 32
Debt-free Net Working Capital (DFNWC)		 41 38 73 54 56 37 51 54 61 18 46
Net Working Capital (NWC)		 24 22 57 21 21 2.45 20 25 61 18 46
Net Nonoperating Expense (NNE)		 29 29 37 20 24 30 0.08 3.71 -0.65 19 23
Net Nonoperating Obligations (NNO)		 389 347 252 354 346 239 155 114 56 38 168
Total Depreciation and Amortization (D&A)		 153 131 126 126 124 97 83 87 75 68 73
Debt-free, Cash-free Net Working Capital to Revenue		 6.44% 9.02% 10.60% 9.01% 10.07% 5.83% 7.50% 6.57% 8.23% 1.85% 4.98%
Debt-free Net Working Capital to Revenue		 7.95% 9.46% 19.14% 11.67% 10.71% 6.99% 8.55% 7.71% 8.71% 2.61% 7.24%
Net Working Capital to Revenue		 4.58% 5.57% 14.80% 4.52% 4.06% 0.46% 3.41% 3.63% 8.71% 2.61% 7.24%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($14.88) ($10.80) ($9.84) ($10.08) ($4.32) ($9.64) ($0.04) ($0.21) $2.02 ($1.19) ($1.59)
Adjusted Weighted Average Basic Shares Outstanding		 8.88M 8.92M 10.70M 13.10M 13.92M 14.13M 14.23M 14.00M 14.91M 14.29M 12.65M
Adjusted Diluted Earnings per Share		 ($14.88) ($10.80) ($9.84) ($10.08) ($4.32) ($9.64) ($0.04) ($0.21) $2.01 ($1.19) ($1.59)
Adjusted Weighted Average Diluted Shares Outstanding		 8.88M 8.92M 10.70M 13.10M 13.92M 14.13M 14.23M 14.00M 15.01M 14.29M 12.65M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 8.99M 10.93M 11.03M 13.84M 14.14M 14.29M 14.11M 15.22M 14.67M 13.65M 10.95M
Normalized Net Operating Profit after Tax (NOPAT)		 -15 -35 -46 -42 -16 -2.15 9.79 13 16 5.02 2.88
Normalized NOPAT Margin		 -2.98% -8.75% -12.15% -8.91% -3.04% -0.41% 1.65% 1.92% 2.34% 0.74% 0.45%
Pre Tax Income Margin		 -31.61% -29.19% -31.06% -24.26% -13.09% -27.07% 0.99% 1.54% 5.76% -0.87% -1.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -5.89 -4.05 -4.34 -3.20 -1.53 -7.40 1.44 1.93 4.05 0.23 0.42
NOPAT to Interest Expense		 -4.22 -2.92 -3.08 -2.28 -1.25 -6.04 0.19 0.87 2.21 0.12 0.25
EBIT Less CapEx to Interest Expense		 -7.96 -4.66 -4.76 -3.62 -2.40 -7.78 1.34 1.14 2.92 -1.67 -1.15
NOPAT Less CapEx to Interest Expense		 -6.29 -3.53 -3.49 -2.70 -2.13 -6.41 0.10 0.08 1.08 -1.78 -1.32
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 24.97% -78.26% -17.12%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 186.18% 224.47% 64.10% -238.96% -284.17%

Quarterly Metrics And Ratios for Civeo

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - 13,653,647.00 13,453,255.00 12,551,769.00 11,515,223.00 10,950,296.00 10,943,296.00
DEI Adjusted Shares Outstanding		 - - - - - 13,653,647.00 13,453,255.00 12,551,769.00 11,515,223.00 10,950,296.00 10,943,296.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -0.72 -0.25 -0.04 -0.56 -0.35 -0.23
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.31% -0.88% 5.52% -3.94% -11.62% -13.29% -13.79% -3.32% 7.07% 19.87% 10.65%
EBITDA Growth		 387.14% -23.58% -2.62% -37.37% -87.13% -28.22% -31.74% 52.58% 192.28% 83.78% 3.82%
EBIT Growth		 388.86% 8.67% 26.63% -97.81% -131.90% -289.23% -78.11% 2,712.90% 100.69% 159.24% 78.55%
NOPAT Growth		 249.39% 54.38% 44.74% -99.83% -154.90% -209.71% -460.88% -2,979.20% 98.66% 156.62% 59.54%
Net Income Growth		 287.65% 17.67% 79.67% -157.35% -168.13% -89.57% -144.22% 91.38% 58.14% 61.39% 23.98%
EPS Growth		 263.44% 16.67% 86.67% -159.02% -168.42% -105.71% -144.64% 88.89% 44.23% 52.78% 8.00%
Operating Cash Flow Growth		 35.95% 1,571.79% 66.77% -3.15% -76.24% -241.10% -107.15% -61.23% 102.87% -15.38% 603.24%
Free Cash Flow Firm Growth		 -43.84% -53.06% -14.99% -14.95% 89.04% 37.69% -168.77% -166.67% -169.69% -199.99% 106.06%
Invested Capital Growth		 -9.25% -13.40% -17.49% -17.02% -27.49% -21.90% 7.08% 13.40% 24.61% 27.43% -4.42%
Revenue Q/Q Growth		 -6.96% -2.74% 13.60% -6.56% -14.40% -4.58% 12.95% 4.79% -5.20% 6.84% 4.26%
EBITDA Q/Q Growth		 72.63% -68.33% 97.39% -41.97% -64.52% 74.19% 87.17% 30.09% -31.09% 9.53% 5.74%
EBIT Q/Q Growth		 190.32% -104.04% 1,110.69% -98.15% -4,331.05% 50.33% 156.47% 138.99% -98.97% 4,152.78% 70.22%
NOPAT Q/Q Growth		 -30.67% -109.74% 798.51% -99.65% -22,925.00% 45.08% -713.90% 97.18% 89.34% 2,413.33% -681.62%
Net Income Q/Q Growth		 145.59% -122.94% 244.09% -170.64% -191.76% 36.17% 66.39% 86.23% -1,316.45% 41.12% 33.82%
EPS Q/Q Growth		 149.18% -123.03% 260.00% -164.29% -188.89% 30.77% 65.28% 84.00% -1,350.00% 41.38% 32.35%
Operating Cash Flow Q/Q Growth		 8.53% -85.03% 440.65% 10.24% -73.38% -188.93% 72.61% 697.92% 39.30% -150.58% 219.46%
Free Cash Flow Firm Q/Q Growth		 -32.54% 5.24% 48.91% -19.55% 49.94% -23.35% -174.38% 22.00% -56.72% -9.98% 104.50%
Invested Capital Q/Q Growth		 -0.41% -5.60% -5.22% -6.87% -12.98% 1.69% 29.94% -1.37% -4.38% 3.99% -2.55%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 20.93% 21.48% 25.37% 21.43% 18.62% 20.43% 25.30% 25.68% 22.71% 23.26% 23.00%
EBITDA Margin		 28.55% 9.30% 16.15% 10.03% 4.16% 7.69% 12.75% 15.83% 11.51% 11.80% 11.97%
Operating Margin		 10.06% -1.07% 6.95% 0.03% -6.65% -3.83% 1.72% 4.09% -0.08% 1.81% 2.83%
EBIT Margin		 19.26% -0.80% 7.11% 0.14% -6.95% -3.59% 1.79% 4.09% 0.04% 1.77% 2.90%
Profit (Net Income) Margin		 13.26% -3.13% 3.97% -3.00% -10.22% -6.84% -2.04% -0.27% -4.00% -2.20% -1.40%
Tax Burden Percent		 74.54% 142.55% 66.42% 370.64% 127.13% 145.67% -1,122.37% -12.73% 180.87% 574.47% -249.70%
Interest Burden Percent		 92.38% 274.47% 83.99% -575.40% 115.68% 130.82% 10.11% 51.35% -4,959.72% -21.62% 19.34%
Effective Tax Rate		 25.46% 0.00% 33.58% 0.00% 0.00% 0.00% 1,222.37% 112.73% 0.00% 0.00% 349.70%
Return on Invested Capital (ROIC)		 13.18% -1.36% 8.72% 0.04% -9.71% -5.55% -34.85% -0.97% -0.12% 2.66% -13.61%
ROIC Less NNEP Spread (ROIC-NNEP)		 24.71% -5.76% 7.15% -8.89% -27.50% -15.78% -5.87% -0.55% -6.29% -2.05% -7.64%
Return on Net Nonoperating Assets (RNNOA)		 6.73% -1.75% 1.88% -1.83% -4.64% -3.55% -2.24% -0.25% -3.15% -1.37% -7.09%
Return on Equity (ROE)		 19.91% -3.11% 10.60% -1.80% -14.35% -9.09% -37.09% -1.22% -3.28% 1.29% -20.70%
Cash Return on Invested Capital (CROIC)		 16.99% 22.32% 27.97% 23.01% 32.16% 24.06% -9.37% -13.76% -20.98% -21.32% -152.41%
Operating Return on Assets (OROA)		 24.23% -1.05% 9.68% 0.19% -9.95% -5.06% 2.29% 5.31% 0.06% 2.59% 3.98%
Return on Assets (ROA)		 16.68% -4.11% 5.40% -4.07% -14.63% -9.64% -2.60% -0.35% -5.79% -3.21% -1.92%
Return on Common Equity (ROCE)		 19.71% -3.07% 10.50% -1.78% -14.26% -9.05% -36.94% -1.21% -3.27% 1.29% -20.70%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 10.37% 11.49% 6.97% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 13 -1.25 8.71 0.03 -7.03 -3.86 -31 -0.89 -0.09 2.19 -13
NOPAT Margin		 7.50% -0.75% 4.61% 0.02% -4.66% -2.68% -19.32% -0.52% -0.06% 1.27% -7.06%
Net Nonoperating Expense Percent (NNEP)		 -11.53% 4.40% 1.56% 8.93% 17.79% 10.23% -28.97% -0.41% 6.16% 4.70% -5.96%
Return On Investment Capital (ROIC_SIMPLE)		 3.30% - - - -2.51% -1.25% -8.31% -0.24% -0.03% 0.59% -3.46%
Cost of Revenue to Revenue		 79.07% 78.52% 74.63% 78.57% 81.38% 79.57% 74.70% 74.32% 77.29% 76.74% 77.00%
SG&A Expenses to Revenue		 11.83% 11.22% 9.24% 11.13% 12.28% 12.62% 12.58% 10.62% 11.50% 11.62% 11.34%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 10.87% 22.55% 18.42% 21.41% 25.27% 24.26% 23.58% 21.60% 22.80% 21.45% 20.17%
Earnings before Interest and Taxes (EBIT)		 33 -1.33 13 0.25 -10 -5.17 2.92 6.98 0.07 3.06 5.21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 49 15 30 18 6.28 11 21 27 19 20 22
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.00 1.31 1.23 1.40 1.31 1.42 1.48 1.58 1.51 1.80 2.40
Price to Tangible Book Value (P/TBV)		 1.37 1.81 1.68 1.95 1.90 2.12 2.42 2.77 2.73 3.42 4.46
Price to Revenue (P/Rev)		 0.46 0.56 0.51 0.56 0.45 0.48 0.49 0.46 0.41 0.43 0.56
Price to Earnings (P/E)		 10.63 12.43 10.37 18.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 2.30% 2.82% 4.01% 4.56% 4.44% 4.35% 4.33% 4.35% 4.37% 0.00% 0.00%
Earnings Yield		 9.41% 8.05% 9.64% 5.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.02 1.27 1.20 1.35 1.27 1.33 1.28 1.30 1.26 1.36 1.64
Enterprise Value to Revenue (EV/Rev)		 0.55 0.65 0.57 0.61 0.51 0.57 0.73 0.74 0.68 0.73 0.83
Enterprise Value to EBITDA (EV/EBITDA)		 3.00 3.67 3.31 3.81 4.99 5.69 8.32 7.13 5.58 5.60 6.53
Enterprise Value to EBIT (EV/EBIT)		 7.23 8.50 7.22 9.46 188.63 0.00 0.00 0.00 89.99 37.26 37.27
Enterprise Value to NOPAT (EV/NOPAT)		 13.26 14.80 12.29 27.89 374.06 0.00 0.00 0.00 149.89 54.38 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.99 4.45 3.53 3.75 4.18 5.40 13.50 36.97 19.33 23.08 16.32
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.69 5.28 3.87 5.33 3.31 4.86 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.20 0.26 0.16 0.18 0.18 0.40 0.81 1.03 1.05 1.32 1.31
Long-Term Debt to Equity		 0.20 0.26 0.16 0.18 0.18 0.40 0.81 1.03 1.05 1.32 1.31
Financial Leverage		 0.27 0.30 0.26 0.21 0.17 0.22 0.38 0.45 0.50 0.67 0.93
Leverage Ratio		 1.78 1.80 1.75 1.79 1.70 1.80 1.95 2.08 2.15 2.40 2.70
Compound Leverage Factor		 1.64 4.93 1.47 -10.30 1.97 2.35 0.20 1.07 -106.39 -0.52 0.52
Debt to Total Capital		 16.87% 20.75% 13.69% 14.99% 15.45% 28.36% 44.61% 50.73% 51.18% 56.91% 56.68%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 16.87% 20.75% 13.69% 14.99% 15.45% 28.36% 44.61% 50.73% 51.18% 56.91% 56.68%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.74% 0.72% 0.57% 0.53% 0.22% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 82.39% 78.52% 85.74% 84.47% 84.33% 71.64% 55.39% 49.27% 48.82% 43.09% 43.32%
Debt to EBITDA		 0.51 0.64 0.39 0.45 0.62 1.33 3.02 2.88 2.36 2.45 2.38
Net Debt to EBITDA		 0.48 0.50 0.33 0.29 0.55 0.90 2.76 2.70 2.18 2.26 2.15
Long-Term Debt to EBITDA		 0.51 0.64 0.39 0.45 0.62 1.33 3.02 2.88 2.36 2.45 2.38
Debt to NOPAT		 2.25 2.56 1.44 3.26 46.44 -51.94 -18.95 -46.35 63.48 23.78 -0.37
Net Debt to NOPAT		 2.14 2.01 1.21 2.10 40.86 -35.07 -17.31 -43.39 58.46 21.92 -0.34
Long-Term Debt to NOPAT		 2.25 2.56 1.44 3.26 46.44 -51.94 -18.95 -46.35 63.48 23.78 -0.37
Altman Z-Score		 0.12 0.09 0.18 -0.02 -0.63 -0.70 -0.81 -0.97 -1.13 -0.99 -0.77
Noncontrolling Interest Sharing Ratio		 1.03% 1.05% 0.86% 0.87% 0.62% 0.52% 0.39% 0.38% 0.15% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.53 1.82 1.55 1.36 1.19 1.66 1.51 1.64 1.54 1.89 1.89
Quick Ratio		 1.28 1.60 1.34 1.17 1.02 1.50 1.29 1.37 1.24 1.53 1.52
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 51 54 81 65 97 75 -55 -43 -68 -75 3.36
Operating Cash Flow to CapEx		 5,098.47% 0.00% 2,190.79% 482.50% 127.94% -165.46% -52.66% 310.72% 482.11% -247.75% 431.43%
Free Cash Flow to Firm to Interest Expense		 20.16 22.95 36.60 37.61 57.73 46.05 -20.55 -12.64 -18.43 -19.82 0.79
Operating Cash Flow to Interest Expense		 15.66 2.54 14.69 20.68 5.64 -5.22 -0.86 4.04 5.24 -2.59 2.74
Operating Cash Flow Less CapEx to Interest Expense		 15.36 3.03 14.02 16.39 1.23 -8.37 -2.48 2.74 4.15 -3.64 2.10
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.26 1.31 1.36 1.36 1.43 1.41 1.28 1.30 1.45 1.46 1.37
Accounts Receivable Turnover		 5.33 5.50 5.36 5.39 5.87 5.86 5.54 5.93 7.12 6.65 6.40
Inventory Turnover		 76.36 72.16 69.14 72.45 73.38 79.70 70.20 66.64 70.92 83.77 83.94
Fixed Asset Turnover		 2.45 2.64 2.77 2.82 2.87 2.99 2.53 2.59 2.84 3.10 2.81
Accounts Payable Turnover		 9.66 10.93 11.31 10.72 10.80 11.84 10.83 10.51 11.58 12.13 12.04
Days Sales Outstanding (DSO)		 68.48 66.40 68.05 67.77 62.14 62.24 65.87 61.51 51.28 54.90 57.03
Days Inventory Outstanding (DIO)		 4.78 5.06 5.28 5.04 4.97 4.58 5.20 5.48 5.15 4.36 4.35
Days Payable Outstanding (DPO)		 37.78 33.39 32.28 34.04 33.81 30.84 33.69 34.73 31.52 30.08 30.31
Cash Conversion Cycle (CCC)		 35.48 38.07 41.05 38.77 33.31 35.98 37.37 32.25 24.90 29.18 31.06
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 379 358 339 316 275 280 363 358 343 356 347
Invested Capital Turnover		 1.76 1.81 1.89 2.01 2.08 2.07 1.80 1.86 2.07 2.10 1.93
Increase / (Decrease) in Invested Capital		 -39 -55 -72 -65 -104 -78 24 42 68 77 -16
Enterprise Value (EV)		 386 454 406 428 349 373 465 465 432 485 571
Market Capitalization		 320 390 364 394 310 314 311 289 263 290 383
Book Value per Share		 $21.71 $20.27 $20.34 $19.63 $17.16 $16.17 $15.57 $14.54 $15.14 $14.68 $14.57
Tangible Book Value per Share		 $15.90 $14.68 $14.85 $14.05 $11.83 $10.87 $9.56 $8.32 $8.37 $7.74 $7.85
Total Capital		 389 379 347 334 280 308 378 370 357 373 368
Total Debt		 66 79 47 50 43 87 169 188 183 212 209
Total Long-Term Debt		 66 79 47 50 43 87 169 188 183 212 209
Net Debt		 62 62 40 32 38 59 154 176 168 196 188
Capital Expenditures (CapEx)		 0.78 -1.17 1.48 7.39 7.42 5.10 4.39 4.45 4.00 3.93 2.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 58 59 46 21 13 25 32 43 32 55 55
Debt-free Net Working Capital (DFNWC)		 61 76 54 39 18 53 47 55 46 72 76
Net Working Capital (NWC)		 61 76 54 39 18 53 47 55 46 72 76
Net Nonoperating Expense (NNE)		 -9.84 3.95 1.22 5.32 8.40 5.99 -28 -0.43 6.36 5.99 -10
Net Nonoperating Obligations (NNO)		 56 58 40 32 38 59 154 176 168 196 188
Total Depreciation and Amortization (D&A)		 16 17 17 17 17 16 18 20 19 17 16
Debt-free, Cash-free Net Working Capital to Revenue		 8.23% 8.47% 6.50% 2.96% 1.85% 3.78% 5.10% 6.78% 4.98% 8.27% 8.10%
Debt-free Net Working Capital to Revenue		 8.71% 10.87% 7.54% 5.51% 2.61% 8.07% 7.41% 8.69% 7.24% 10.75% 11.11%
Net Working Capital to Revenue		 8.71% 10.87% 7.54% 5.51% 2.61% 8.07% 7.41% 8.69% 7.24% 10.75% 11.11%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.53 ($0.35) $0.57 ($0.36) ($1.05) ($0.72) ($0.25) ($0.04) ($0.58) ($0.34) ($0.23)
Adjusted Weighted Average Basic Shares Outstanding		 14.91M 14.66M 14.52M 14.29M 14.29M 13.60M 13.18M 12.40M 12.65M 11.12M 10.93M
Adjusted Diluted Earnings per Share		 $1.52 ($0.35) $0.56 ($0.36) ($1.04) ($0.72) ($0.25) ($0.04) ($0.58) ($0.34) ($0.23)
Adjusted Weighted Average Diluted Shares Outstanding		 15.01M 14.66M 14.60M 14.29M 14.29M 13.60M 13.18M 12.40M 12.65M 11.12M 10.93M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.67M 14.62M 14.37M 13.77M 13.65M 13.45M 12.55M 11.52M 10.95M 10.94M 10.34M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.01 -0.02 8.77 0.15 -4.35 -3.86 1.96 4.88 -0.09 2.19 3.56
Normalized NOPAT Margin		 -0.01% -0.01% 4.65% 0.09% -2.88% -2.68% 1.20% 2.86% -0.06% 1.27% 1.98%
Pre Tax Income Margin		 17.79% -2.19% 5.97% -0.81% -8.04% -4.69% 0.18% 2.10% -2.21% -0.38% 0.56%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 12.89 -0.56 6.09 0.14 -6.23 -3.19 1.08 2.04 0.02 0.81 1.22
NOPAT to Interest Expense		 5.02 -0.53 3.95 0.02 -4.17 -2.38 -11.64 -0.26 -0.03 0.58 -2.99
EBIT Less CapEx to Interest Expense		 12.58 -0.07 5.42 -4.14 -10.63 -6.35 -0.55 0.74 -1.07 -0.23 0.59
NOPAT Less CapEx to Interest Expense		 4.71 -0.03 3.28 -4.27 -8.58 -5.54 -13.27 -1.56 -1.11 -0.46 -3.62
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 24.97% 36.08% 43.29% 74.68% -78.26% -61.31% -30.96% -23.67% -17.12% 0.00% 0.00%
Augmented Payout Ratio		 64.10% 71.98% 82.85% 209.37% -238.96% -190.16% -155.63% -210.39% -284.17% -460.70% -343.72%

Financials Breakdown Chart

Key Financial Trends

Civeo (NYSE: CVEO) showed a mixed but improving start to 2026, with revenue growth, a return to positive operating income, and strong debt reduction offset by weak free cash generation and a still-heavy leverage profile.

  • Q1 2026 revenue rose to $172.7 million, up from $161.6 million in Q4 2025 and $144.0 million in Q1 2025, showing a solid year-over-year rebound in top-line growth.
  • Operating income turned positive at $3.1 million in Q1 2026, reversing the $0.1 million operating loss in Q4 2025 and improving from the $5.5 million operating loss in Q1 2025.
  • Gross profit improved to $40.2 million from $36.7 million in Q4 2025, indicating better volume and/or margin performance.
  • Civeo aggressively reduced debt in Q1 2026, repaying $162.3 million and ending the quarter with long-term debt of $212.3 million, down from $187.9 million at Q3 2025 and well below earlier 2025 levels in total debt usage patterns.
  • Despite the debt paydown, the company still generated $15.9 million in net cash from financing activities, helped by $192.8 million of debt issuance, suggesting active balance-sheet management and refinancing rather than outright contraction.
  • Cash and equivalents increased slightly to $16.5 million at the end of Q1 2026 from $12.0 million in Q3 2025, while total equity rose to $160.7 million from $182.5 million in Q3 2025, reflecting a still-volatile but manageable balance sheet.
  • Capex was relatively modest at $4.1 million in Q1 2026, consistent with a relatively disciplined investment pace versus prior quarters.
  • Accounts receivable remained large at $107.2 million, which is typical for the business but still ties up a meaningful amount of working capital.
  • Operating cash flow was still negative in Q1 2026 at -$9.7 million, a sharp deterioration from $19.3 million in Q4 2025 and -$8.4 million in Q1 2025, showing earnings are not yet converting cleanly into cash.
  • The quarter ended with a net loss of -$3.8 million, or -$0.34 per share, so profitability remains fragile even as operating results improve.

Longer-term trend: CVEO’s results have been volatile over the last four years, with periods of strong profitability in 2023 and early/mid-2024 followed by a sharp deterioration in late 2024 and early 2025. The latest quarter suggests the business is recovering operationally, but the company is still dependent on debt markets and working-capital swings. For retail investors, the key watch items are whether revenue growth continues, operating income stays positive, and cash flow improves enough to support the balance sheet without more borrowing.

08/10/26 06:01 PM ETAI Generated. May Contain Errors.

Civeo Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Civeo's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Civeo's net income appears to be on a downward trend, with a most recent value of -$20.08 million in 2025, falling from -$130.66 million in 2015. The previous period was -$18.43 million in 2024. See where experts think Civeo is headed by visiting Civeo's forecast page.

Civeo's total operating income in 2025 was $4.12 million, based on the following breakdown:
  • Total Gross Profit: $151.09 million
  • Total Operating Expenses: $146.97 million

Over the last 10 years, Civeo's total revenue changed from $517.96 million in 2015 to $638.85 million in 2025, a change of 23.3%.

Civeo's total liabilities were at $303.03 million at the end of 2025, a 80.3% increase from 2024, and a 39.7% decrease since 2015.

In the past 10 years, Civeo's cash and equivalents has ranged from $1.79 million in 2016 to $32.65 million in 2017, and is currently $14.44 million as of their latest financial filing in 2025.

Over the last 10 years, Civeo's book value per share changed from 5.24 in 2015 to 15.14 in 2025, a change of 188.9%.


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Financial statements for NYSE:CVEO last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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