Civeo Corp CVEO

Consumer discretionary SIC 7000 - Hotels, Rooming Houses, Camps & Other Lodging Places NAICS Accommodation and Food Services › Accommodation derived NYSE

We provide hospitality services to remote workforces in Australia and Canada, including catering and food service, lodging, housekeeping and maintenance at accommodation facilities that we or our customers own. We provide services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. We also manage development activities for workforce accommodation facilities, including site selection, permitting, engineering and design and manufacturing and site construction management, along with providing hospitality services once the facility is constructed.

Last close 27.95 2026-10-23
Market cap $288.9M 2026-06-30 share count
52-week range 20.59 - 36.50

Valuation FY2025 figures against the last close

P/S0.5x
P/E—
P/FCF134.6x
EV/EBITDA6.0x
Dividend yield1.2%
Diluted EPS-1.59

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Australia
  • Canada
  • Other
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Australia, FY2025: 460.3M (72.1%) 72% Australia Canada, FY2025: 178.6M (27.9%) 28% Canada Other, FY2025: 0 (0.0%) FY2024 Australia, FY2024: 427M (62.6%) 63% Canada, FY2024: 245.1M (35.9%) 36% Other, FY2024: 10.1M (1.5%) FY2023 Australia, FY2023: 336.8M (48.1%) 48% Canada, FY2023: 352.8M (50.3%) 50% Other, FY2023: 11.2M (1.6%)
Segment FY2025FY2024FY2023
Australia $460.3M $427.0M $336.8M
Canada $178.6M $245.1M $352.8M
Other $0 $10.1M $11.2M

As the company reported it, from the “REVENUE - Disaggregation of revenue by major categories (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $638.8M$682.1M$700.8M$697.1M$594.5M$529.7M$527.6M$466.7M$382.3M$397.2M
Cost of revenue $487.8M$532.7M$530.3M$517.1M————$245.0M$238.0M
Gross profit $151.1M$149.5M$170.5M$180.0M————$137.3M$159.2M
SG&A $75.3M$73.3M$72.6M$70.0M$60.6M$53.7M$59.6M$67.0M$63.4M$55.3M
Total operating expenses $634.7M$680.8M$661.3M$680.0M$588.4M$676.9M$576.6M$554.7M$480.2M$493.0M
Operating income $4.1M$1.3M$39.5M$17.0M$6.1M-$147.2M-$49.1M-$88.1M-$98.0M-$95.8M
Interest expense $11.4M$8.0M$13.2M$11.5M$13.0M$16.7M$27.4M$26.3M$21.4M$22.7M
Pre-tax income -$6.5M-$5.9M$40.4M$10.7M$5.9M-$143.4M-$69.1M-$113.2M-$118.7M-$115.9M
Income tax $13.6M$12.5M$10.6M$4.4M$3.4M$10.6M$10.7M$31.4M$13.5M$20.1M
Net income -$20.1M-$17.1M$30.2M$4.0M$1.4M-$134.2M-$58.5M-$82.2M-$105.7M-$96.4M
EPS, basic -1.59-1.192.02-0.21-0.04-9.64-4.33-10.06-0.82-0.90
EPS, diluted -1.59-1.192.01-0.21-0.04-9.64-4.33-10.06-0.82-0.90
Shares, diluted (wtd. avg.) 12.6M14.3M15.0M14.0M14.2M14.1M13.9M13.1M128.4M107.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $14.4M$5.2M$3.3M$8.0M$6.3M$6.2M$3.3M$12.4M$32.6M$1.8M
Receivables $90.5M$89.0M$143.2M$119.8M$114.9M$89.8M$99.5M$70.2M$66.8M$56.3M
Inventory $6.2M$7.5M$7.0M$6.9M$6.5M$6.2M$5.9M$4.3M$7.2M$3.1M
Total current assets $131.2M$110.5M$175.2M$153.5M$157.2M$119.2M$131.4M$107.8M$132.2M$82.6M
Property, plant and equipment $244.5M$204.9M$270.6M$301.9M$390.0M$486.9M$590.3M$658.9M$693.8M$789.7M
Goodwill $7.5M$7.0M$7.7M$7.7M$8.2M$8.7M$110.2M$114.2M$0—
Other intangibles $70.4M$66.5M$78.0M$81.7M$93.6M$99.7M$111.8M$119.4M$22.8M$28.0M
Total assets $477.4M$405.1M$548.1M$566.2M$672.7M$740.9M$969.9M$1.00B$853.9M$910.4M
Accounts payable $44.3M$40.0M$58.7M$51.1M$49.3M$42.1M$37.0M$28.3M$27.8M$20.7M
Short-term debt ——$0$28.4M$30.6M$34.6M$35.1M$33.3M$16.6M$15.5M
Total current liabilities $84.9M$92.6M$114.2M$128.3M$136.9M$116.8M$110.0M$86.7M$75.6M$60.4M
Long-term debt $182.8M$43.3M$65.6M$102.5M$142.6M$214.0M$321.8M$342.9M$278.0M$337.8M
Total liabilities $303.0M$168.1M$225.0M$262.5M$309.6M$365.5M$479.1M$466.3M$377.5M$434.5M
Retained earnings -$1.06B-$980.7M-$919.0M-$930.1M-$913.0M-$907.7M-$771.6M-$710.6M-$579.1M-$472.8M
Total equity $174.4M$236.4M$323.0M$303.7M$363.1M$375.4M$490.8M$535.4M$476.4M$476.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $22.3M$83.5M$96.6M$91.8M$88.5M$117.4M$74.5M$54.4M$56.8M$62.2M
Depreciation and amortisation $72.6M$68.0M$75.1M$87.2M$83.1M$96.5M$123.8M$125.8M$126.4M$131.3M
Capital expenditure $20.2M$26.1M$31.6M$25.4M$15.6M$10.1M$29.8M$17.1M$11.2M$19.8M
Investing cash flow -$90.1M-$14.9M-$14.5M-$8.9M-$706.0K-$1.8M-$38.6M-$181.9M-$8.7M-$12.7M
Financing cash flow $74.7M-$65.2M-$86.8M-$79.7M-$86.5M-$114.2M-$44.6M$109.5M-$18.1M-$58.3M
Dividends paid $3.4M$14.4M$7.4M$0$0—————
Buybacks $53.6M$29.6M$11.6M$14.2M$4.6M$0$0———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001590584-26-000035.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M Revenue, FY2016: 397.2M Gross profit, FY2016: 159.2M Net income, FY2016: -96.4M Revenue, FY2017: 382.3M Gross profit, FY2017: 137.3M Net income, FY2017: -105.7M Revenue, FY2018: 466.7M Net income, FY2018: -82.2M Revenue, FY2019: 527.6M Net income, FY2019: -58.5M Revenue, FY2020: 529.7M Net income, FY2020: -134.2M Revenue, FY2021: 594.5M Net income, FY2021: 1.4M Revenue, FY2022: 697.1M Gross profit, FY2022: 180M Net income, FY2022: 4M Revenue, FY2023: 700.8M Gross profit, FY2023: 170.5M Net income, FY2023: 30.2M Revenue, FY2024: 682.1M Gross profit, FY2024: 149.5M Net income, FY2024: -17.1M Revenue, FY2025: 638.8M Gross profit, FY2025: 151.1M Net income, FY2025: -20.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $397.2M $382.3M $466.7M $527.6M $529.7M $594.5M $697.1M $700.8M $682.1M $638.8M
Gross profit $159.2M $137.3M — — — — $180.0M $170.5M $149.5M $151.1M
Net income -$96.4M -$105.7M -$82.2M -$58.5M -$134.2M $1.4M $4.0M $30.2M -$17.1M -$20.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 7000

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HGV Hilton Grand Vacations Inc. $2.79B 40.3x 1.1%
TH Target Hospitality Corp. $1.37B — 3.4%