📊 CVEO Key Takeaways
Investment Thesis
Civeo Corp exhibits deteriorating profitability with negative net income of $20.1M and razor-thin operating margins of 0.6% despite modest revenue base of $638.8M. The company faces significant financial leverage with debt-to-equity ratio of 1.05x and weak interest coverage of 1.7x, creating substantial solvency concerns. Minimal free cash flow generation of $2.1M provides insufficient buffer for debt service and strategic investments.
CVEO Strengths
- Positive operating cash flow of $22.3M demonstrates underlying business can generate cash
- Adequate liquidity with current ratio of 1.54x providing near-term payment capacity
- Gross margin of 23.7% suggests operational pricing power in core lodging services
CVEO Risks
- Persistent net losses of $20.1M with negative net margin of -3.1% indicating structural unprofitability
- High leverage with $182.8M long-term debt against only $14.4M cash creates refinancing risk
- Revenue declined 6.3% YoY while debt obligations remain fixed, deteriorating coverage ratios
- Weak interest coverage of 1.7x leaves minimal margin for operational disruptions
- Significantly negative ROE of -11.5% and ROA of -4.2% destroying shareholder value
Key Metrics to Watch
- Operating margin trajectory - critical to return to profitability
- Interest coverage ratio - must improve above 2.0x for debt sustainability
- Free cash flow generation - needs consistent positive conversion to debt service
- Revenue stabilization - current 6.3% decline is unsustainable with fixed debt burden
CVEO Financial Metrics
💡 AI Analyst Insight
The relatively thin 0.3% FCF margin may limit capital allocation flexibility.
CVEO Profitability Ratios
CVEO vs Default Sector
How Civeo Corp compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CVEO Balance Sheet & Liquidity
CVEO 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 Growth Metrics (YoY)
CVEO Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| 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 |
| Q2 2023 | $178.8M | -$1.9M | $-0.13 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CVEO Capital Allocation
CVEO SEC Filings
Access official SEC EDGAR filings for Civeo Corp (CIK: 0001590584)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 6, 2026 | 4 | xslF345X05/wk-form4_1772811048.xml | View → |
| Mar 6, 2026 | 4 | xslF345X05/wk-form4_1772811040.xml | View → |
| Mar 6, 2026 | 4 | xslF345X05/wk-form4_1772811034.xml | View → |
| Mar 6, 2026 | 4 | xslF345X05/wk-form4_1772811028.xml | View → |
| Mar 6, 2026 | 4 | xslF345X05/wk-form4_1772811022.xml | View → |
❓ Frequently Asked Questions about CVEO
What is the AI rating for CVEO?
Civeo Corp (CVEO) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CVEO's key strengths?
Positive operating cash flow of $22.3M demonstrates underlying business can generate cash. Adequate liquidity with current ratio of 1.54x providing near-term payment capacity.
What are the risks of investing in CVEO?
Persistent net losses of $20.1M with negative net margin of -3.1% indicating structural unprofitability. High leverage with $182.8M long-term debt against only $14.4M cash creates refinancing risk.
What is CVEO's revenue and growth?
Civeo Corp reported revenue of $638.8M.
Does CVEO pay dividends?
Civeo Corp pays dividends, with $3.4M distributed to shareholders in the trailing twelve months.
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 $-1.59.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.