Civeo Corporation (CVEO) 10-Year Financial Performance & Capital Metrics

CVEO • • Industrial / General

IndustrialsBusiness ServicesHospitality & Accommodation ServicesWorkforce Accommodation Services

AboutCiveo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations. It also offers food, housekeeping, and maintenance services, as well as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security, and logistics services; and camp management services. In addition, the company provides development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management, and site construction services, as well as catering and managed services. It owns and operates 27 lodges and villages with approximately 28,000 rooms; and a fleet of mobile accommodation assets. The company serves oil, mining, engineering, and oilfield and mining service companies. Civeo Corporation is headquartered in Houston, Texas.Show more

Revenue $682M -2.7%
EBITDA $69M -39.5%
Net Income -$17M -156.6%
EPS (Diluted) -1.19 -159.2%
Gross Margin 21.91% -10.0%
EBITDA Margin 10.17% -37.8%
Operating Margin 0.2% -96.5%
Net Margin -2.5% -158.1%
ROE -6.09% -163.3%
ROIC 0.29% -95.9%
Debt/Equity 0.24 -4.0%
Interest Coverage 0.17 -94.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 4.1%
✓Share count reduced 4.8% through buybacks
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Weak 3Y average ROE of 1.6%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.19%

5Y5.27%

3Y4.69%

TTM-10.51%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-236.39%

EPS CAGR

10Y-

5Y-

3Y-

TTM-250.48%

ROCE

10Y Avg-5.48%

5Y Avg-1.18%

3Y Avg4.3%

Latest0.36%

Peer Comparison

Workforce Accommodation Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
THTarget Hospitality Corp.	787.26M	7.89	11.27	-31.46%	-3.08%	-2.41%	15.42%	0.50
CVEOCiveo Corporation	286.73M	24.90	-20.92	-2.67%	-4.57%	-15.71%	20.01%	0.24

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	517.96M	397.23M	382.28M	466.69M	527.55M	529.73M	594.46M	697.05M	700.8M	682.12M
Revenue Growth %	-0.45%	-0.23%	-0.04%	0.22%	0.13%	0%	0.12%	0.17%	0.01%	-0.03%
Cost of Goods Sold+	327.61M	259.65M	257.26M	330.38M	366.81M	382.09M	436.46M	517.06M	530.29M	532.67M
COGS % of Revenue	0.63%	0.65%	0.67%	0.71%	0.7%	0.72%	0.73%	0.74%	0.76%	0.78%
Gross Profit+	190.35M	137.58M	125.02M	136.31M	160.74M	147.64M	158M	179.99M	170.52M	149.46M
Gross Margin %	0.37%	0.35%	0.33%	0.29%	0.3%	0.28%	0.27%	0.26%	0.24%	0.22%
Gross Profit Growth %	-0.52%	-0.28%	-0.09%	0.09%	0.18%	-0.08%	0.07%	0.14%	-0.05%	-0.12%
Operating Expenses+	212.43M	187.21M	191.38M	195.7M	183.64M	294.83M	151.95M	162.97M	131.03M	148.12M
OpEx % of Revenue	0.41%	0.47%	0.5%	0.42%	0.35%	0.56%	0.26%	0.23%	0.19%	0.22%
Selling, General & Admin	68.44M	55.3M	63.43M	69.07M	59.59M	53.66M	60.6M	69.96M	72.61M	73.35M
SG&A % of Revenue	0.13%	0.14%	0.17%	0.15%	0.11%	0.1%	0.1%	0.1%	0.1%	0.11%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	266.91M	178.04M	159.56M	155.3M	150.21M	241.17M	91.35M	93.01M	58.43M	74.77M
Operating Income+	-145M	-95.76M	-97.97M	-88.06M	-49.05M	-147.19M	6.05M	17.02M	39.49M	1.33M
Operating Margin %	-0.28%	-0.24%	-0.26%	-0.19%	-0.09%	-0.28%	0.01%	0.02%	0.06%	0%
Operating Income Growth %	-0.01%	0.34%	-0.02%	0.1%	0.44%	-2%	1.04%	1.81%	1.32%	-0.97%
EBITDA+	7.99M	35.54M	28.47M	37.79M	74.72M	-50.64M	89.15M	104.23M	114.63M	69.37M
EBITDA Margin %	0.02%	0.09%	0.07%	0.08%	0.14%	-0.1%	0.15%	0.15%	0.16%	0.1%
EBITDA Growth %	-0.75%	3.45%	-0.2%	0.33%	0.98%	-1.68%	2.76%	0.17%	0.1%	-0.39%
D&A (Non-Cash Add-back)	152.99M	131.3M	126.44M	125.85M	123.77M	96.55M	83.1M	87.21M	75.14M	68.04M
EBIT	-141.17M	-93.27M	-97.31M	-86.95M	-41.69M	-126.73M	18.84M	22.21M	53.54M	2.04M
Net Interest Income+	-20.55M	-22.52M	-21.24M	-26.03M	-27.3M	-16.67M	-12.96M	-11.44M	-13.01M	-7.79M
Interest Income	2.03M	152K	200K	226K	78K	20K	2K	39K	172K	187K
Interest Expense	22.59M	22.67M	21.44M	26.26M	27.38M	16.69M	12.96M	11.47M	13.18M	7.97M
Other Income/Expense	-18.75M	-20.17M	-20.77M	-25.16M	0	3.77M	-179K	-6.29M	876K	-7.27M
Pretax Income+	-163.75M	-115.93M	-118.74M	-113.21M	-69.08M	-143.41M	5.87M	10.73M	40.36M	-5.94M
Pretax Margin %	-0.32%	-0.29%	-0.31%	-0.24%	-0.13%	-0.27%	0.01%	0.02%	0.06%	-0.01%
Income Tax+	-33.09M	-20.11M	-13.49M	-31.36M	-10.74M	-10.63M	3.38M	4.4M	10.63M	12.49M
Effective Tax Rate %	0.8%	0.83%	0.89%	0.73%	0.84%	0.94%	0.23%	0.37%	0.75%	2.87%
Net Income+	-131.76M	-96.39M	-105.71M	-82.24M	-58.33M	-134.25M	1.35M	4M	30.16M	-17.07M
Net Margin %	-0.25%	-0.24%	-0.28%	-0.18%	-0.11%	-0.25%	0%	0.01%	0.04%	-0.03%
Net Income Growth %	0.3%	0.27%	-0.1%	0.22%	0.29%	-1.3%	1.01%	1.96%	6.54%	-1.57%
Net Income (Continuing)	-130.66M	-95.83M	-105.25M	-81.85M	-58.33M	-132.78M	2.5M	6.33M	29.73M	-18.43M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	525K	523K	117K	0	662K	672K	1.61M	3.56M	2.87M	625K
EPS (Diluted)+	-14.83	-10.81	-9.88	-6.28	-4.19	-9.64	-0.04	-0.21	2.01	-1.19
EPS Growth %	0.31%	0.27%	0.09%	0.36%	0.33%	-1.3%	1%	-4.25%	10.57%	-1.59%
EPS (Basic)	-14.88	-10.81	-9.88	-6.28	-4.19	-9.64	-0.04	-0.21	2.02	-1.19
Diluted Shares Outstanding	8.88M	8.92M	10.7M	13.1M	13.92M	14.13M	14.23M	14M	15.01M	14.29M
Basic Shares Outstanding	8.85M	8.92M	10.7M	13.1M	13.92M	14.13M	14.23M	14M	14.91M	14.29M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	0.25%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	91.24M	82.57M	132.21M	107.8M	131.44M	119.21M	157.19M	153.55M	175.25M	110.45M
Cash & Short-Term Investments	7.84M	1.78M	32.65M	12.37M	3.33M	6.16M	6.28M	7.95M	3.32M	5.2M
Cash Only	7.84M	1.78M	32.65M	12.37M	3.33M	6.16M	6.28M	7.95M	3.32M	5.2M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	61.47M	56.3M	66.82M	70.22M	99.49M	89.78M	114.86M	119.75M	143.22M	89.04M
Days Sales Outstanding	43.31	51.73	63.8	54.92	68.84	61.86	70.52	62.71	74.59	47.64
Inventory	5.63M	3.11M	7.25M	4.31M	5.88M	6.18M	6.47M	6.91M	6.98M	7.54M
Days Inventory Outstanding	6.27	4.37	10.28	4.76	5.85	5.9	5.41	4.88	4.81	5.16
Other Current Assets	3.31M	5.94M	11.01M	13.85M	15.49M	10.07M	22.71M	11.73M	13.28M	1.21M
Total Non-Current Assets+	979.98M	827.88M	721.7M	893.88M	838.47M	621.64M	515.54M	412.63M	372.82M	294.62M
Property, Plant & Equipment	931.91M	789.71M	693.83M	658.9M	615.18M	509.54M	408.32M	317.61M	282.85M	214.3M
Fixed Asset Turnover	0.56x	0.50x	0.55x	0.71x	0.86x	1.04x	1.46x	2.19x	2.48x	3.18x
Goodwill	0	0	0	114.21M	110.17M	8.73M	8.2M	7.67M	7.69M	7M
Intangible Assets	35.31M	28.04M	22.75M	119.41M	111.84M	99.75M	93.64M	81.75M	78M	66.5M
Long-Term Investments	-25.39M	-9.19M	-45.04M	-18.44M	-9.45M	0	-896K	-4.78M	-11.8M	0
Other Non-Current Assets	12.75M	10.13M	5.11M	1.36M	1.28M	3.63M	5.37M	10.38M	16.08M	6.82M
Total Assets+	1.07B	910.45M	853.91M	1B	969.91M	740.85M	672.73M	566.18M	548.06M	405.07M
Asset Turnover	0.48x	0.44x	0.45x	0.47x	0.54x	0.72x	0.88x	1.23x	1.28x	1.68x
Asset Growth %	-0.41%	-0.15%	-0.06%	0.17%	-0.03%	-0.24%	-0.09%	-0.16%	-0.03%	-0.26%
Total Current Liabilities+	66.48M	60.44M	75.63M	86.68M	110.04M	116.77M	136.92M	128.26M	114.24M	92.65M
Accounts Payable	24.61M	21.12M	27.81M	28.33M	36.97M	42.06M	49.32M	51.09M	58.7M	39.97M
Days Payables Outstanding	27.42	29.69	39.46	31.3	36.79	40.18	41.25	36.06	40.4	27.39
Short-Term Debt	17.46M	15.47M	16.6M	33.33M	40.62M	39.02M	34.82M	28.45M	3.76M	3.64M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	991K	1000K	1000K
Other Current Liabilities	3.6M	5.07M	3.63M	8.13M	7.78M	6.2M	5.25M	13.2M	9.24M	6.47M
Current Ratio	1.37x	1.37x	1.75x	1.24x	1.19x	1.02x	1.15x	1.20x	1.53x	1.19x
Quick Ratio	1.29x	1.31x	1.65x	1.19x	1.14x	0.97x	1.10x	1.14x	1.47x	1.11x
Cash Conversion Cycle	22.17	26.42	34.62	28.38	37.9	27.59	34.69	31.52	39	25.42
Total Non-Current Liabilities+	440.96M	374.01M	301.92M	379.57M	369.07M	248.73M	172.71M	134.23M	110.79M	75.43M
Long-Term Debt	379.42M	337.8M	277.99M	342.91M	321.79M	214M	142.6M	102.5M	65.55M	43.3M
Capital Lease Obligations	0	0	0	0	21.23M	19.83M	15.43M	12.77M	9.88M	8.81M
Deferred Tax Liabilities	25.39M	9.19M	45.04M	18.44M	9.45M	0	896K	4.78M	11.8M	3.56M
Other Non-Current Liabilities	31.7M	27.02M	23.93M	18.22M	16.59M	14.9M	13.78M	14.17M	23.55M	14.66M
Total Liabilities	507.44M	434.46M	377.55M	466.25M	479.11M	365.5M	309.62M	262.48M	225.02M	168.07M
Total Debt+	401.56M	353.27M	294.59M	376.24M	378.1M	272.86M	192.85M	143.72M	79.19M	55.75M
Net Debt	393.72M	351.49M	261.94M	363.87M	374.77M	266.7M	186.57M	135.77M	75.87M	50.55M
Debt / Equity	0.71x	0.74x	0.62x	0.70x	0.77x	0.73x	0.53x	0.47x	0.25x	0.24x
Debt / EBITDA	50.28x	9.94x	10.35x	9.96x	5.06x	-	2.16x	1.38x	0.69x	0.80x
Net Debt / EBITDA	49.30x	9.89x	9.20x	9.63x	5.02x	-	2.09x	1.30x	0.66x	0.73x
Interest Coverage	-6.42x	-4.22x	-4.57x	-3.35x	-1.79x	-8.82x	0.47x	1.48x	3.00x	0.17x
Total Equity+	563.77M	475.99M	476.37M	535.42M	490.81M	375.36M	363.11M	303.7M	323.04M	237M
Equity Growth %	-0.34%	-0.16%	0%	0.12%	-0.08%	-0.24%	-0.03%	-0.16%	0.06%	-0.27%
Book Value per Share	63.46	53.37	44.53	40.86	35.26	26.57	25.51	21.69	21.52	16.59
Total Shareholders' Equity	563.25M	475.47M	476.25M	535.42M	490.14M	374.69M	361.5M	300.14M	320.17M	236.37M
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-376.38M	-472.76M	-579.11M	-710.55M	-771.59M	-907.73M	-912.95M	-930.12M	-919.02M	-980.72M
Treasury Stock	0	-65K	-358K	-1.19M	-5.47M	-6.93M	-8.05M	-9.06M	-9.06M	-10.13M
Accumulated OCI	-366.31M	-362.93M	-328.21M	-371.25M	-363.17M	-348.99M	-361.88M	-385.19M	-380.71M	-404.6M
Minority Interest	525K	523K	117K	0	662K	672K	1.61M	3.56M	2.87M	625K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	186.13M	62.1M	56.83M	54.39M	74.48M	117.36M	88.53M	91.77M	96.56M	83.51M
Operating CF Margin %	0.36%	0.16%	0.15%	0.12%	0.14%	0.22%	0.15%	0.13%	0.14%	0.12%
Operating CF Growth %	-0.36%	-0.67%	-0.08%	-0.04%	0.37%	0.58%	-0.25%	0.04%	0.05%	-0.14%
Net Income	-130.66M	-95.83M	-105.25M	-81.85M	-58.33M	-132.78M	2.5M	6.33M	30.16M	-18.43M
Depreciation & Amortization	152.99M	131.3M	126.44M	125.85M	123.77M	96.55M	83.1M	87.21M	75.14M	68.04M
Stock-Based Compensation	4.61M	5.3M	7.34M	11.04M	10.12M	6.07M	4.13M	3.79M	4.46M	2.85M
Deferred Taxes	-34.17M	-13.21M	-8.98M	-31.4M	-11.71M	-11.12M	3.07M	4.18M	6.81M	-7.66M
Other Non-Cash Items	126.22M	48.12M	36.07M	32.41M	24.89M	138.77M	4.5M	4.19M	-18.43M	6.93M
Working Capital Changes	67.15M	-13.58M	1.21M	-1.65M	-14.25M	19.88M	-8.77M	-13.92M	-1.57M	31.78M
Change in Receivables	80.35M	6.68M	-6.9M	13.33M	-20.55M	13.68M	-28.13M	-14.45M	-22.31M	44.23M
Change in Inventory	5.41M	1.77M	-4.46M	3.38M	-87K	171K	-526K	-1.84M	5K	-1.22M
Change in Payables	-12.88M	-4.46M	12.67M	-17.72M	8.47M	6.89M	15.44M	12.32M	7.44M	-17.58M
Cash from Investing+	-49.77M	-12.69M	-8.74M	-181.95M	-38.58M	-1.77M	-706K	-8.95M	-14.52M	-14.94M
Capital Expenditures	-62.45M	-19.78M	-11.19M	-17.11M	-29.81M	-10.08M	-15.57M	-25.42M	-31.63M	-26.14M
CapEx % of Revenue	0.12%	0.05%	0.03%	0.04%	0.06%	0.02%	0.03%	0.04%	0.05%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	12.68M	7.09M	2.46M	6.5M	7.67M	8.31M	14.87M	16.48M	17.11M	11.19M
Cash from Financing+	-349.62M	-58.28M	-18.07M	109.52M	-44.63M	-114.21M	-86.51M	-79.66M	-86.8M	-65.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	-7.42M	-14.42M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.98M	-2.13M	-2.09M	-4.84M	-6.23M	-4.04M	-5.53M	-1.08M	0	-4.04M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	123.68M	42.33M	45.63M	37.28M	44.67M	107.28M	72.96M	66.35M	64.93M	57.37M
FCF Margin %	0.24%	0.11%	0.12%	0.08%	0.08%	0.2%	0.12%	0.1%	0.09%	0.08%
FCF Growth %	2.1%	-0.66%	0.08%	-0.18%	0.2%	1.4%	-0.32%	-0.09%	-0.02%	-0.12%
FCF per Share	13.92	4.75	4.27	2.85	3.21	7.59	5.13	4.74	4.33	4.02
FCF Conversion (FCF/Net Income)	-1.41x	-0.64x	-0.54x	-0.66x	-1.28x	-0.87x	65.58x	22.96x	3.20x	-4.89x
Interest Paid	0	0	0	0	0	12.6M	0	9.23M	10.25M	5.48M
Taxes Paid	0	0	0	0	0	600K	0	220K	251K	12.27M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-18.51%	-18.54%	-22.2%	-16.26%	-11.37%	-31%	0.37%	1.2%	9.62%	-6.09%
Return on Invested Capital (ROIC)	-9.34%	-8.05%	-9.39%	-8.07%	-4.17%	-14.64%	0.76%	2.58%	7.06%	0.29%
Gross Margin	36.75%	34.63%	32.7%	29.21%	30.47%	27.87%	26.58%	25.82%	24.33%	21.91%
Net Margin	-25.44%	-24.27%	-27.65%	-17.62%	-11.06%	-25.34%	0.23%	0.57%	4.3%	-2.5%
Debt / Equity	0.71x	0.74x	0.62x	0.70x	0.77x	0.73x	0.53x	0.47x	0.25x	0.24x
Interest Coverage	-6.42x	-4.22x	-4.57x	-3.35x	-1.79x	-8.82x	0.47x	1.48x	3.00x	0.17x
FCF Conversion	-1.41x	-0.64x	-0.54x	-0.66x	-1.28x	-0.87x	65.58x	22.96x	3.20x	-4.89x
Revenue Growth	-45.07%	-23.31%	-3.76%	22.08%	13.04%	0.41%	12.22%	17.26%	0.54%	-2.67%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Service and Other	489.79M	378.58M	371.46M	448.91M	492.7M	505.4M	575.19M	-	699.01M	-
Service and Other Growth	-	-22.70%	-1.88%	20.85%	9.76%	2.58%	13.81%	-	-	-
Product	28.18M	18.64M	10.81M	17.78M	6.86M	7.51M	3.24M	-	1.06M	-
Product Growth	-	-33.82%	-42.00%	64.45%	-61.41%	9.46%	-56.81%	-	-	-
Mobile Facility Rental	-	-	-	-	27.99M	16.82M	16.03M	-	737K	-
Mobile Facility Rental Growth	-	-	-	-	-	-39.92%	-4.66%	-	-	-
Canada	-	-	-	-	-	-	-	396M	-	-
Canada Growth	-	-	-	-	-	-	-	-	-	-
Australia	-	-	-	-	-	-	-	278.25M	-	-
Australia Growth	-	-	-	-	-	-	-	-	-	-
Corporate and Other	-	-	-	-	-	-	-	22.8M	-	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Australia	135.96M	106.81M	-	119.24M	156.09M	234.54M	251.07M	278.25M	336.76M	426.96M
Australia Growth	-	-21.44%	-	-	30.91%	50.26%	7.05%	10.82%	21.03%	26.78%
Canada	344.25M	278.46M	-	296.01M	325.65M	269.65M	321.38M	396M	352.8M	245.09M
Canada Growth	-	-19.11%	-	-	10.01%	-17.20%	19.18%	23.22%	-10.91%	-30.53%
Corporate and Other	2.4M	-	-	-	-	-	-	22.8M	11.25M	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-50.68%	-
U.S.	40.15M	11.95M	-	51.44M	45.81M	25.54M	22.01M	-	-	-
U.S. Growth	-	-70.23%	-	-	-10.95%	-44.25%	-13.81%	-	-	-
Service and Other	-	-	371.46M	-	-	-	-	-	-	-
Service and Other Growth	-	-	-	-	-	-	-	-	-	-
Product	-	-	10.81M	-	-	-	-	-	-	-
Product Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Civeo Corporation (CVEO) reported $628.2M in revenue for fiscal year 2024. This represents a 43% decrease from $1.11B in 2012.

Civeo Corporation (CVEO) saw revenue decline by 2.7% over the past year.

Civeo Corporation (CVEO) reported a net loss of $28.7M for fiscal year 2024.

Dividend & Returns

Yes, Civeo Corporation (CVEO) pays a dividend with a yield of 4.05%. This makes it attractive for income-focused investors.

Civeo Corporation (CVEO) has a return on equity (ROE) of -6.1%. Negative ROE indicates the company is unprofitable.

Civeo Corporation (CVEO) had negative free cash flow of $10.5M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Civeo Corporation (CVEO) 10-Year Financial Performance & Capital Metrics

CVEO • • Industrial / General

IndustrialsBusiness ServicesHospitality & Accommodation ServicesWorkforce Accommodation Services

Revenue $682M -2.7%
EBITDA $69M -39.5%
Net Income -$17M -156.6%
EPS (Diluted) -1.19 -159.2%
Gross Margin 21.91% -10.0%
EBITDA Margin 10.17% -37.8%
Operating Margin 0.2% -96.5%
Net Margin -2.5% -158.1%
ROE -6.09% -163.3%
ROIC 0.29% -95.9%
Debt/Equity 0.24 -4.0%
Interest Coverage 0.17 -94.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 4.1%
✓Share count reduced 4.8% through buybacks
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Weak 3Y average ROE of 1.6%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-3.19%

5Y5.27%

3Y4.69%

TTM-10.51%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-236.39%

EPS CAGR

10Y-

5Y-

3Y-

TTM-250.48%

ROCE

10Y Avg-5.48%

5Y Avg-1.18%

3Y Avg4.3%

Latest0.36%

Peer Comparison

Workforce Accommodation Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
THTarget Hospitality Corp.	787.26M	7.89	11.27	-31.46%	-3.08%	-2.41%	15.42%	0.50
CVEOCiveo Corporation	286.73M	24.90	-20.92	-2.67%	-4.57%	-15.71%	20.01%	0.24

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	517.96M	397.23M	382.28M	466.69M	527.55M	529.73M	594.46M	697.05M	700.8M	682.12M
Revenue Growth %	-0.45%	-0.23%	-0.04%	0.22%	0.13%	0%	0.12%	0.17%	0.01%	-0.03%
Cost of Goods Sold+	327.61M	259.65M	257.26M	330.38M	366.81M	382.09M	436.46M	517.06M	530.29M	532.67M
COGS % of Revenue	0.63%	0.65%	0.67%	0.71%	0.7%	0.72%	0.73%	0.74%	0.76%	0.78%
Gross Profit+	190.35M	137.58M	125.02M	136.31M	160.74M	147.64M	158M	179.99M	170.52M	149.46M
Gross Margin %	0.37%	0.35%	0.33%	0.29%	0.3%	0.28%	0.27%	0.26%	0.24%	0.22%
Gross Profit Growth %	-0.52%	-0.28%	-0.09%	0.09%	0.18%	-0.08%	0.07%	0.14%	-0.05%	-0.12%
Operating Expenses+	212.43M	187.21M	191.38M	195.7M	183.64M	294.83M	151.95M	162.97M	131.03M	148.12M
OpEx % of Revenue	0.41%	0.47%	0.5%	0.42%	0.35%	0.56%	0.26%	0.23%	0.19%	0.22%
Selling, General & Admin	68.44M	55.3M	63.43M	69.07M	59.59M	53.66M	60.6M	69.96M	72.61M	73.35M
SG&A % of Revenue	0.13%	0.14%	0.17%	0.15%	0.11%	0.1%	0.1%	0.1%	0.1%	0.11%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	266.91M	178.04M	159.56M	155.3M	150.21M	241.17M	91.35M	93.01M	58.43M	74.77M
Operating Income+	-145M	-95.76M	-97.97M	-88.06M	-49.05M	-147.19M	6.05M	17.02M	39.49M	1.33M
Operating Margin %	-0.28%	-0.24%	-0.26%	-0.19%	-0.09%	-0.28%	0.01%	0.02%	0.06%	0%
Operating Income Growth %	-0.01%	0.34%	-0.02%	0.1%	0.44%	-2%	1.04%	1.81%	1.32%	-0.97%
EBITDA+	7.99M	35.54M	28.47M	37.79M	74.72M	-50.64M	89.15M	104.23M	114.63M	69.37M
EBITDA Margin %	0.02%	0.09%	0.07%	0.08%	0.14%	-0.1%	0.15%	0.15%	0.16%	0.1%
EBITDA Growth %	-0.75%	3.45%	-0.2%	0.33%	0.98%	-1.68%	2.76%	0.17%	0.1%	-0.39%
D&A (Non-Cash Add-back)	152.99M	131.3M	126.44M	125.85M	123.77M	96.55M	83.1M	87.21M	75.14M	68.04M
EBIT	-141.17M	-93.27M	-97.31M	-86.95M	-41.69M	-126.73M	18.84M	22.21M	53.54M	2.04M
Net Interest Income+	-20.55M	-22.52M	-21.24M	-26.03M	-27.3M	-16.67M	-12.96M	-11.44M	-13.01M	-7.79M
Interest Income	2.03M	152K	200K	226K	78K	20K	2K	39K	172K	187K
Interest Expense	22.59M	22.67M	21.44M	26.26M	27.38M	16.69M	12.96M	11.47M	13.18M	7.97M
Other Income/Expense	-18.75M	-20.17M	-20.77M	-25.16M	0	3.77M	-179K	-6.29M	876K	-7.27M
Pretax Income+	-163.75M	-115.93M	-118.74M	-113.21M	-69.08M	-143.41M	5.87M	10.73M	40.36M	-5.94M
Pretax Margin %	-0.32%	-0.29%	-0.31%	-0.24%	-0.13%	-0.27%	0.01%	0.02%	0.06%	-0.01%
Income Tax+	-33.09M	-20.11M	-13.49M	-31.36M	-10.74M	-10.63M	3.38M	4.4M	10.63M	12.49M
Effective Tax Rate %	0.8%	0.83%	0.89%	0.73%	0.84%	0.94%	0.23%	0.37%	0.75%	2.87%
Net Income+	-131.76M	-96.39M	-105.71M	-82.24M	-58.33M	-134.25M	1.35M	4M	30.16M	-17.07M
Net Margin %	-0.25%	-0.24%	-0.28%	-0.18%	-0.11%	-0.25%	0%	0.01%	0.04%	-0.03%
Net Income Growth %	0.3%	0.27%	-0.1%	0.22%	0.29%	-1.3%	1.01%	1.96%	6.54%	-1.57%
Net Income (Continuing)	-130.66M	-95.83M	-105.25M	-81.85M	-58.33M	-132.78M	2.5M	6.33M	29.73M	-18.43M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	525K	523K	117K	0	662K	672K	1.61M	3.56M	2.87M	625K
EPS (Diluted)+	-14.83	-10.81	-9.88	-6.28	-4.19	-9.64	-0.04	-0.21	2.01	-1.19
EPS Growth %	0.31%	0.27%	0.09%	0.36%	0.33%	-1.3%	1%	-4.25%	10.57%	-1.59%
EPS (Basic)	-14.88	-10.81	-9.88	-6.28	-4.19	-9.64	-0.04	-0.21	2.02	-1.19
Diluted Shares Outstanding	8.88M	8.92M	10.7M	13.1M	13.92M	14.13M	14.23M	14M	15.01M	14.29M
Basic Shares Outstanding	8.85M	8.92M	10.7M	13.1M	13.92M	14.13M	14.23M	14M	14.91M	14.29M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	0.25%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	91.24M	82.57M	132.21M	107.8M	131.44M	119.21M	157.19M	153.55M	175.25M	110.45M
Cash & Short-Term Investments	7.84M	1.78M	32.65M	12.37M	3.33M	6.16M	6.28M	7.95M	3.32M	5.2M
Cash Only	7.84M	1.78M	32.65M	12.37M	3.33M	6.16M	6.28M	7.95M	3.32M	5.2M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	61.47M	56.3M	66.82M	70.22M	99.49M	89.78M	114.86M	119.75M	143.22M	89.04M
Days Sales Outstanding	43.31	51.73	63.8	54.92	68.84	61.86	70.52	62.71	74.59	47.64
Inventory	5.63M	3.11M	7.25M	4.31M	5.88M	6.18M	6.47M	6.91M	6.98M	7.54M
Days Inventory Outstanding	6.27	4.37	10.28	4.76	5.85	5.9	5.41	4.88	4.81	5.16
Other Current Assets	3.31M	5.94M	11.01M	13.85M	15.49M	10.07M	22.71M	11.73M	13.28M	1.21M
Total Non-Current Assets+	979.98M	827.88M	721.7M	893.88M	838.47M	621.64M	515.54M	412.63M	372.82M	294.62M
Property, Plant & Equipment	931.91M	789.71M	693.83M	658.9M	615.18M	509.54M	408.32M	317.61M	282.85M	214.3M
Fixed Asset Turnover	0.56x	0.50x	0.55x	0.71x	0.86x	1.04x	1.46x	2.19x	2.48x	3.18x
Goodwill	0	0	0	114.21M	110.17M	8.73M	8.2M	7.67M	7.69M	7M
Intangible Assets	35.31M	28.04M	22.75M	119.41M	111.84M	99.75M	93.64M	81.75M	78M	66.5M
Long-Term Investments	-25.39M	-9.19M	-45.04M	-18.44M	-9.45M	0	-896K	-4.78M	-11.8M	0
Other Non-Current Assets	12.75M	10.13M	5.11M	1.36M	1.28M	3.63M	5.37M	10.38M	16.08M	6.82M
Total Assets+	1.07B	910.45M	853.91M	1B	969.91M	740.85M	672.73M	566.18M	548.06M	405.07M
Asset Turnover	0.48x	0.44x	0.45x	0.47x	0.54x	0.72x	0.88x	1.23x	1.28x	1.68x
Asset Growth %	-0.41%	-0.15%	-0.06%	0.17%	-0.03%	-0.24%	-0.09%	-0.16%	-0.03%	-0.26%
Total Current Liabilities+	66.48M	60.44M	75.63M	86.68M	110.04M	116.77M	136.92M	128.26M	114.24M	92.65M
Accounts Payable	24.61M	21.12M	27.81M	28.33M	36.97M	42.06M	49.32M	51.09M	58.7M	39.97M
Days Payables Outstanding	27.42	29.69	39.46	31.3	36.79	40.18	41.25	36.06	40.4	27.39
Short-Term Debt	17.46M	15.47M	16.6M	33.33M	40.62M	39.02M	34.82M	28.45M	3.76M	3.64M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	991K	1000K	1000K
Other Current Liabilities	3.6M	5.07M	3.63M	8.13M	7.78M	6.2M	5.25M	13.2M	9.24M	6.47M
Current Ratio	1.37x	1.37x	1.75x	1.24x	1.19x	1.02x	1.15x	1.20x	1.53x	1.19x
Quick Ratio	1.29x	1.31x	1.65x	1.19x	1.14x	0.97x	1.10x	1.14x	1.47x	1.11x
Cash Conversion Cycle	22.17	26.42	34.62	28.38	37.9	27.59	34.69	31.52	39	25.42
Total Non-Current Liabilities+	440.96M	374.01M	301.92M	379.57M	369.07M	248.73M	172.71M	134.23M	110.79M	75.43M
Long-Term Debt	379.42M	337.8M	277.99M	342.91M	321.79M	214M	142.6M	102.5M	65.55M	43.3M
Capital Lease Obligations	0	0	0	0	21.23M	19.83M	15.43M	12.77M	9.88M	8.81M
Deferred Tax Liabilities	25.39M	9.19M	45.04M	18.44M	9.45M	0	896K	4.78M	11.8M	3.56M
Other Non-Current Liabilities	31.7M	27.02M	23.93M	18.22M	16.59M	14.9M	13.78M	14.17M	23.55M	14.66M
Total Liabilities	507.44M	434.46M	377.55M	466.25M	479.11M	365.5M	309.62M	262.48M	225.02M	168.07M
Total Debt+	401.56M	353.27M	294.59M	376.24M	378.1M	272.86M	192.85M	143.72M	79.19M	55.75M
Net Debt	393.72M	351.49M	261.94M	363.87M	374.77M	266.7M	186.57M	135.77M	75.87M	50.55M
Debt / Equity	0.71x	0.74x	0.62x	0.70x	0.77x	0.73x	0.53x	0.47x	0.25x	0.24x
Debt / EBITDA	50.28x	9.94x	10.35x	9.96x	5.06x	-	2.16x	1.38x	0.69x	0.80x
Net Debt / EBITDA	49.30x	9.89x	9.20x	9.63x	5.02x	-	2.09x	1.30x	0.66x	0.73x
Interest Coverage	-6.42x	-4.22x	-4.57x	-3.35x	-1.79x	-8.82x	0.47x	1.48x	3.00x	0.17x
Total Equity+	563.77M	475.99M	476.37M	535.42M	490.81M	375.36M	363.11M	303.7M	323.04M	237M
Equity Growth %	-0.34%	-0.16%	0%	0.12%	-0.08%	-0.24%	-0.03%	-0.16%	0.06%	-0.27%
Book Value per Share	63.46	53.37	44.53	40.86	35.26	26.57	25.51	21.69	21.52	16.59
Total Shareholders' Equity	563.25M	475.47M	476.25M	535.42M	490.14M	374.69M	361.5M	300.14M	320.17M	236.37M
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-376.38M	-472.76M	-579.11M	-710.55M	-771.59M	-907.73M	-912.95M	-930.12M	-919.02M	-980.72M
Treasury Stock	0	-65K	-358K	-1.19M	-5.47M	-6.93M	-8.05M	-9.06M	-9.06M	-10.13M
Accumulated OCI	-366.31M	-362.93M	-328.21M	-371.25M	-363.17M	-348.99M	-361.88M	-385.19M	-380.71M	-404.6M
Minority Interest	525K	523K	117K	0	662K	672K	1.61M	3.56M	2.87M	625K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	186.13M	62.1M	56.83M	54.39M	74.48M	117.36M	88.53M	91.77M	96.56M	83.51M
Operating CF Margin %	0.36%	0.16%	0.15%	0.12%	0.14%	0.22%	0.15%	0.13%	0.14%	0.12%
Operating CF Growth %	-0.36%	-0.67%	-0.08%	-0.04%	0.37%	0.58%	-0.25%	0.04%	0.05%	-0.14%
Net Income	-130.66M	-95.83M	-105.25M	-81.85M	-58.33M	-132.78M	2.5M	6.33M	30.16M	-18.43M
Depreciation & Amortization	152.99M	131.3M	126.44M	125.85M	123.77M	96.55M	83.1M	87.21M	75.14M	68.04M
Stock-Based Compensation	4.61M	5.3M	7.34M	11.04M	10.12M	6.07M	4.13M	3.79M	4.46M	2.85M
Deferred Taxes	-34.17M	-13.21M	-8.98M	-31.4M	-11.71M	-11.12M	3.07M	4.18M	6.81M	-7.66M
Other Non-Cash Items	126.22M	48.12M	36.07M	32.41M	24.89M	138.77M	4.5M	4.19M	-18.43M	6.93M
Working Capital Changes	67.15M	-13.58M	1.21M	-1.65M	-14.25M	19.88M	-8.77M	-13.92M	-1.57M	31.78M
Change in Receivables	80.35M	6.68M	-6.9M	13.33M	-20.55M	13.68M	-28.13M	-14.45M	-22.31M	44.23M
Change in Inventory	5.41M	1.77M	-4.46M	3.38M	-87K	171K	-526K	-1.84M	5K	-1.22M
Change in Payables	-12.88M	-4.46M	12.67M	-17.72M	8.47M	6.89M	15.44M	12.32M	7.44M	-17.58M
Cash from Investing+	-49.77M	-12.69M	-8.74M	-181.95M	-38.58M	-1.77M	-706K	-8.95M	-14.52M	-14.94M
Capital Expenditures	-62.45M	-19.78M	-11.19M	-17.11M	-29.81M	-10.08M	-15.57M	-25.42M	-31.63M	-26.14M
CapEx % of Revenue	0.12%	0.05%	0.03%	0.04%	0.06%	0.02%	0.03%	0.04%	0.05%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	12.68M	7.09M	2.46M	6.5M	7.67M	8.31M	14.87M	16.48M	17.11M	11.19M
Cash from Financing+	-349.62M	-58.28M	-18.07M	109.52M	-44.63M	-114.21M	-86.51M	-79.66M	-86.8M	-65.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	-7.42M	-14.42M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.98M	-2.13M	-2.09M	-4.84M	-6.23M	-4.04M	-5.53M	-1.08M	0	-4.04M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	123.68M	42.33M	45.63M	37.28M	44.67M	107.28M	72.96M	66.35M	64.93M	57.37M
FCF Margin %	0.24%	0.11%	0.12%	0.08%	0.08%	0.2%	0.12%	0.1%	0.09%	0.08%
FCF Growth %	2.1%	-0.66%	0.08%	-0.18%	0.2%	1.4%	-0.32%	-0.09%	-0.02%	-0.12%
FCF per Share	13.92	4.75	4.27	2.85	3.21	7.59	5.13	4.74	4.33	4.02
FCF Conversion (FCF/Net Income)	-1.41x	-0.64x	-0.54x	-0.66x	-1.28x	-0.87x	65.58x	22.96x	3.20x	-4.89x
Interest Paid	0	0	0	0	0	12.6M	0	9.23M	10.25M	5.48M
Taxes Paid	0	0	0	0	0	600K	0	220K	251K	12.27M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-18.51%	-18.54%	-22.2%	-16.26%	-11.37%	-31%	0.37%	1.2%	9.62%	-6.09%
Return on Invested Capital (ROIC)	-9.34%	-8.05%	-9.39%	-8.07%	-4.17%	-14.64%	0.76%	2.58%	7.06%	0.29%
Gross Margin	36.75%	34.63%	32.7%	29.21%	30.47%	27.87%	26.58%	25.82%	24.33%	21.91%
Net Margin	-25.44%	-24.27%	-27.65%	-17.62%	-11.06%	-25.34%	0.23%	0.57%	4.3%	-2.5%
Debt / Equity	0.71x	0.74x	0.62x	0.70x	0.77x	0.73x	0.53x	0.47x	0.25x	0.24x
Interest Coverage	-6.42x	-4.22x	-4.57x	-3.35x	-1.79x	-8.82x	0.47x	1.48x	3.00x	0.17x
FCF Conversion	-1.41x	-0.64x	-0.54x	-0.66x	-1.28x	-0.87x	65.58x	22.96x	3.20x	-4.89x
Revenue Growth	-45.07%	-23.31%	-3.76%	22.08%	13.04%	0.41%	12.22%	17.26%	0.54%	-2.67%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Service and Other	489.79M	378.58M	371.46M	448.91M	492.7M	505.4M	575.19M	-	699.01M	-
Service and Other Growth	-	-22.70%	-1.88%	20.85%	9.76%	2.58%	13.81%	-	-	-
Product	28.18M	18.64M	10.81M	17.78M	6.86M	7.51M	3.24M	-	1.06M	-
Product Growth	-	-33.82%	-42.00%	64.45%	-61.41%	9.46%	-56.81%	-	-	-
Mobile Facility Rental	-	-	-	-	27.99M	16.82M	16.03M	-	737K	-
Mobile Facility Rental Growth	-	-	-	-	-	-39.92%	-4.66%	-	-	-
Canada	-	-	-	-	-	-	-	396M	-	-
Canada Growth	-	-	-	-	-	-	-	-	-	-
Australia	-	-	-	-	-	-	-	278.25M	-	-
Australia Growth	-	-	-	-	-	-	-	-	-	-
Corporate and Other	-	-	-	-	-	-	-	22.8M	-	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Australia	135.96M	106.81M	-	119.24M	156.09M	234.54M	251.07M	278.25M	336.76M	426.96M
Australia Growth	-	-21.44%	-	-	30.91%	50.26%	7.05%	10.82%	21.03%	26.78%
Canada	344.25M	278.46M	-	296.01M	325.65M	269.65M	321.38M	396M	352.8M	245.09M
Canada Growth	-	-19.11%	-	-	10.01%	-17.20%	19.18%	23.22%	-10.91%	-30.53%
Corporate and Other	2.4M	-	-	-	-	-	-	22.8M	11.25M	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-50.68%	-
U.S.	40.15M	11.95M	-	51.44M	45.81M	25.54M	22.01M	-	-	-
U.S. Growth	-	-70.23%	-	-	-10.95%	-44.25%	-13.81%	-	-	-
Service and Other	-	-	371.46M	-	-	-	-	-	-	-
Service and Other Growth	-	-	-	-	-	-	-	-	-	-
Product	-	-	10.81M	-	-	-	-	-	-	-
Product Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Civeo Corporation (CVEO) reported $628.2M in revenue for fiscal year 2024. This represents a 43% decrease from $1.11B in 2012.

Civeo Corporation (CVEO) saw revenue decline by 2.7% over the past year.

Civeo Corporation (CVEO) reported a net loss of $28.7M for fiscal year 2024.

Dividend & Returns

Yes, Civeo Corporation (CVEO) pays a dividend with a yield of 4.05%. This makes it attractive for income-focused investors.

Civeo Corporation (CVEO) has a return on equity (ROE) of -6.1%. Negative ROE indicates the company is unprofitable.

Civeo Corporation (CVEO) had negative free cash flow of $10.5M in fiscal year 2024, likely due to heavy capital investments.