CVEO Financials Civeo Corp

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 3.8% per year over the past 5 years.
Operating margin has expanded, at 0.6% in the latest year.
Free cash flow has declined 54.3% per year over the past 5 years.

Financial health

Total debt ($183M) exceeds cash ($14M); net debt is $168M.
Total debt has grown slower than revenue (-6.0% vs 3.8% per year).
Operating income covered interest expense 0.4× in the latest year.
Total debt is 2.4× EBITDA.

Shareholder returns

Dividends have been paid for 3 consecutive years, consuming 160.1% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$639M	-$20M	23.7%	0.6%	$2M	$183M	$14M
2024	$682M	-$17M	21.9%	0.2%	$57M	$43M	$5M
2023	$701M	$30M	24.3%	5.6%	$65M	$66M	$3M
2022	$697M	$4M	25.8%	2.4%	$66M	$131M	$8M
2021	$594M	$1M	0.0%	1.0%	$73M	$173M	$6M
2020	$530M	-$134M	0.0%	-27.8%	$107M	$249M	$6M
2019	$528M	-$58M	0.0%	-9.3%	$45M	$357M	$3M
2018	$467M	-$82M	0.0%	-18.9%	$37M	$376M	$12M
2017	$382M	-$106M	0.0%	-25.6%	$46M	$295M	$33M
2016	$397M	-$96M	0.0%	-24.1%	$42M	$353M	$2M
2015	—	-$132M	—	—	$124M	$402M	$8M
2014	—	-$189M	—	—	—	$775M	$263M
2013	—	$182M	—	—	—	$335M	$224M
2012	—	$245M	—	—	—	—	$161M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$173M	-$4M	23.3%	1.8%	-$14M	$212M	$17M
Dec '25	$162M	-$6M	22.7%	-0.1%	$14M	$183M	$14M
Sep '25	$170M	-$455000	25.7%	4.1%	$8M	$188M	$12M
Jun '25	$163M	-$3M	25.3%	1.7%	-$7M	$169M	$15M
Mar '25	$144M	-$10M	20.4%	-3.8%	-$14M	$87M	$28M
Dec '24	$151M	-$15M	18.6%	-6.7%	$2M	$43M	$5M
Sep '24	$176M	-$5M	21.4%	0.0%	$28M	$50M	$18M
Jun '24	$189M	$8M	25.4%	6.9%	$27M	$47M	$7M
Mar '24	$166M	-$5M	21.5%	-1.1%	$372000	$79M	$17M
Dec '23	$171M	$23M	0.0%	10.1%	$30M	$66M	$3M
Sep '23	$184M	$9M	0.0%	8.7%	$27M	$103M	$8M
Jun '23	$179M	$4M	0.0%	5.7%	$12M	$136M	$11M
Mar '23	$168M	-$6M	0.0%	-2.3%	-$4M	$142M	$12M
Dec '22	$162M	-$13M	0.0%	-7.6%	$21M	$131M	$8M
Sep '22	$184M	$6M	0.0%	5.9%	$30M	$125M	$8M
Jun '22	$185M	$10M	0.0%	7.7%	$17M	$153M	$5M
Mar '22	$166M	$1M	0.0%	2.6%	-$2M	$176M	$6M
Dec '21	$160M	$10M	0.0%	4.9%	$19M	$173M	$6M
Sep '21	$155M	$544000	0.0%	3.9%	$31M	$193M	$5M
Jun '21	$154M	$13000	0.0%	1.4%	$13M	$225M	$4M

Valuation over time

How the market has priced CVEO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 56.7× (Mar '23) to 8.5× (Nov '24).
The price-to-sales ratio has risen from 0.3× (Mar '23) to 0.6× (Jun '26).
The dividend yield has fallen from 3.1% (Jan '24) to 0.9% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CVEO growing its revenue and profit?

Over the past 5 years, Civeo Corp's revenue has grown 3.8% per year. These are computed facts, not advice.

How much debt does CVEO have?

As of FY2025, Civeo Corp reported $183M of total debt against $14M of cash; operating income covered interest expense 0.4×.

What is CVEO's profit margin?

In FY2025, gross margin was 23.7%, operating margin 0.6%, and net margin -3.1%.

What is CVEO's P/E ratio?

As of Jun '26, Civeo Corp traded at a price-to-earnings ratio of about 8.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.