📊 CVEO Key Takeaways
Is Civeo Corp (CVEO) a Good Investment?
Civeo Corp is in financial distress with negative profitability, deteriorating cash generation, and unsustainable leverage. The company is burning cash (-$13.9M FCF) while carrying $212.3M in debt with minimal interest coverage (1.3x), creating acute insolvency risk without immediate operational improvement or capital restructuring.
Civeo's fundamentals look weak: revenue declined, operating margin compressed to just 0.6%, and the company remained loss-making at the net level. While liquidity is still acceptable and operating cash flow stayed positive, free cash flow was barely positive and leverage appears elevated relative to earnings capacity. The business needs a clearer recovery in margin and cash generation before the fundamentals improve materially.
Why Buy Civeo Corp Stock? CVEO Key Strengths
- Gross margin of 23.3% indicates acceptable product-level economics despite operational struggles
- Current ratio of 1.88x and quick ratio of 1.81x provide near-term liquidity cushion
- Significant asset base of $491.6M maintains operational capacity
- Liquidity remains adequate with a 1.54x current ratio and 1.47x quick ratio
- Gross margin of 23.7% suggests the core service model still retains some underlying pricing power
- Operating cash flow remained positive at $22.34M despite net losses
CVEO Stock Risks: Civeo Corp Investment Risks
- Negative net income (-$3.8M) and deteriorating earnings (-17.6% YoY) signal fundamental business problems
- Negative free cash flow (-$13.9M) and operating cash burn (-$9.7M) are unsustainable
- Excessive debt/equity ratio of 1.32x with dangerously low interest coverage of 1.3x creates refinancing and solvency risk
- Revenue decline of 6.3% YoY paired with negative margins suggests structural weakness in the lodging business model
- Minimal cash reserves ($16.5M) relative to debt ($212.3M) limits financial flexibility
- Revenue declined 6.3% year over year, indicating ongoing demand or contract pressure
- Profitability is very weak with negative net income, negative ROE, and only 1.7x interest coverage
- Free cash flow of just $2.15M leaves little buffer for debt reduction, reinvestment, or cyclical downturns
Key Metrics to Watch
- Operating cash flow trend—must turn positive to verify business viability
- Interest coverage ratio—further deterioration below 1.0x signals distress
- Debt reduction progress—management's ability to delever is critical for survival
- Revenue stabilization and margin improvement—required to achieve profitability
- Operating margin and interest coverage
- Free cash flow and revenue growth
Civeo Corp (CVEO) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Civeo Corp presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
CVEO Profit Margin, ROE & Profitability Analysis
CVEO vs Real Estate Sector: How Civeo Corp Compares
How Civeo Corp compares to Real Estate sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Civeo Corp Stock Overvalued? CVEO Valuation Analysis 2026
Based on fundamental analysis, Civeo Corp shows some fundamental concerns relative to the Real Estate sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Civeo Corp Balance Sheet: CVEO Debt, Cash & Liquidity
CVEO Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Civeo Corp's revenue has grown significantly by 18% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.01 reflects profitable operations.
CVEO Revenue Growth, EPS Growth & YoY Performance
CVEO Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $144.0M | -$3.8M | $-0.34 |
| Q3 2025 | $170.5M | -$455.0K | $-0.04 |
| Q2 2025 | $162.7M | $3.1M | $0.21 |
| Q1 2025 | $144.0M | -$5.1M | $-0.35 |
| Q3 2024 | $176.3M | -$2.0M | $-0.14 |
| Q2 2024 | $178.8M | -$1.9M | $-0.13 |
| Q1 2024 | $166.1M | -$5.1M | $-0.35 |
| Q3 2023 | $183.6M | $5.7M | $0.32 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Civeo Corp Dividends, Buybacks & Capital Allocation
CVEO SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Civeo Corp (CIK: 0001590584)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CVEO
What is the AI rating for CVEO?
Civeo Corp (CVEO) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 86% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CVEO's key strengths?
Claude: Gross margin of 23.3% indicates acceptable product-level economics despite operational struggles. Current ratio of 1.88x and quick ratio of 1.81x provide near-term liquidity cushion. ChatGPT: Liquidity remains adequate with a 1.54x current ratio and 1.47x quick ratio. Gross margin of 23.7% suggests the core service model still retains some underlying pricing power.
What are the risks of investing in CVEO?
Claude: Negative net income (-$3.8M) and deteriorating earnings (-17.6% YoY) signal fundamental business problems. Negative free cash flow (-$13.9M) and operating cash burn (-$9.7M) are unsustainable. ChatGPT: Revenue declined 6.3% year over year, indicating ongoing demand or contract pressure. Profitability is very weak with negative net income, negative ROE, and only 1.7x interest coverage.
What is CVEO's revenue and growth?
Civeo Corp reported revenue of $172.7M.
Does CVEO pay dividends?
Civeo Corp does not currently pay dividends.
Where can I find CVEO SEC filings?
Official SEC filings for Civeo Corp (CIK: 0001590584) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CVEO's EPS?
Civeo Corp has a diluted EPS of $-0.34.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is CVEO a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Civeo Corp has a SELL rating with 86% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is CVEO stock overvalued or undervalued?
Valuation metrics for CVEO: ROE of -2.4% (sector avg: 8%), net margin of -2.2% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.
Should I buy CVEO stock in 2026?
Our dual AI analysis gives Civeo Corp a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is CVEO's free cash flow?
Civeo Corp's operating cash flow is $-9.7M, with capital expenditures of $4.1M. FCF margin is -8.0%.
How does CVEO compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin -2.2% (avg: 20%), ROE -2.4% (avg: 8%), current ratio 1.88 (avg: 1.5).