CVEONYSEHotels, Rooming Houses, Camps & Other Lodging PlacesFiscal year ends December 31
Civeo Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$28.52−0.81 (-2.76%)
Close on Oct 19, 2026
- Market cap
- $311.72M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
23.7%
Operating margin
0.6%+28.4 pts over 5 years
Net margin
-3.1%+22.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -6.3% | -2.9% | +3.8% | +2.1% | |
| Gross profit | +1.1% | -5.7% | – | -11.1% | |
| Operating income | +208.9% | -37.7% | – | – | |
| Free cash flow | -96.3% | -68.1% | -54.3% | -33.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -18.6% | -31.0% | -9.8% | |
| Return on assets | -9.8% | -15.7% | -4.5% | |
| Current ratio | 1.37 | 1.02 | 1.54 | |
| Debt to equity | 0.74 | 0.66 | 1.05 | |
| Net debt to EBITDA | 9.89× | -4.79× | 2.19× | |
| Interest coverage | -4.2× | -8.8× | 0.4× | |
| Inventory turnover | 4.9× | – | 70.9× | |
| Capex to revenue | 5.0% | 1.9% | 3.2% | |
| Diluted shares | 9M | 14M | 13M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Civeo generated $382.72M from operations and spent $257.96M on capital expenditure, dividends and share buybacks. 46% of that went back into the business.
Generated
$382.72M
Used
$257.96M
Capital expenditure$118.95M46%Dividends$25.28M10%Share buybacks$113.72M44%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-3.1%
×Asset turnover1.45×
×Equity multiplier2.15×
=Return on equity, FY2025-9.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3.1% | 1.45× | 2.15× | -9.8% |
| FY2024 | -2.5% | 1.43× | 1.71× | -6.1% |
| FY2023 | 4.3% | 1.26× | 1.80× | 9.7% |
| FY2022 | 0.6% | 1.13× | 1.87× | 1.2% |
| FY2021 | 0.2% | 0.84× | 1.92× | 0.4% |
| FY2020 | -25.3% | 0.62× | 1.98× | -31.0% |
| FY2019 | -11.1% | 0.54× | 1.92× | -11.4% |
| FY2018 | -17.6% | 0.50× | 1.83× | -16.3% |
| FY2017 | -27.7% | 0.43× | 1.85× | -22.2% |
| FY2016 | -24.3% | 0.40× | 1.90× | -18.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$20.07M
- Cash generatingOperating cash flow above zero$22.34M
- Return on assets improvedROA up on the prior year-3.1% → -5.0%
- Earnings backed by cashOperating cash flow above net income$22.34M vs -$20.07M
- Less leverageLong-term debt to assets fell10.7% → 38.3%
- Better liquidityCurrent ratio rose1.19 → 1.54
- No dilutionShare count did not rise14M → 13M
- Gross margin improvedGross margin up on the prior year21.91% → 23.65%
- More efficientAsset turnover rose1.24 → 1.58