📊 CVEO Key Takeaways
Is Civeo Corp (CVEO) a Good Investment?
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.
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
- 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
- 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
- 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
- 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 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
- Operating margin and interest coverage
- Free cash flow and revenue growth
Civeo Corp (CVEO) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 0.3% FCF margin may limit capital allocation flexibility.
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 has mixed fundamental signals 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 |
|---|---|---|---|
| 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.
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 (SELL) and ChatGPT (SELL) with 81% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CVEO's key strengths?
Claude: 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. 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: 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. 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 $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?
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 April 2026, Civeo Corp has a SELL rating with 81% 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 -11.5% (sector avg: 8%), net margin of -3.1% (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 $22.3M, with capital expenditures of $20.2M. FCF margin is 0.3%.
How does CVEO compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin -3.1% (avg: 20%), ROE -11.5% (avg: 8%), current ratio 1.54 (avg: 1.5).