Civeo vs Lindblad Expeditions Holdings
Lindblad Expeditions Holdings is the larger business, with $771m of revenue in fiscal 2025 against $639m for Civeo (1.2 times as much). Lindblad Expeditions Holdings grew faster (19.6% against -6.3%). Civeo kept more of each dollar of sales as profit: a net margin of -3.1% against -3.9%.
| Latest fiscal year | CiveoCVEO, 2025 | Lindblad Expeditions HoldingsLIND, 2025 |
|---|---|---|
| Revenue | $639m | $771m |
| Revenue growth | -6.3% | 19.6% |
| Net income | −$20.1m | −$29.7m |
| Operating margin | 0.6% | — |
| Net margin | -3.1% | -3.9% |
| Return on equity | -9.8% | — |
| Free cash flow | $2.1m | $63.8m |
| Cash | $14.4m | $257m |
| Total debt | $183m | $675m |
| Debt to equity | 104.9% | — |
| Dividend per share | — | — |
| Dividend yield | 0.0% | — |
| Share buybacks | $53.6m | — |
| Employees | 2,100 | 1,550 |
| Market value | $385m | $2.16bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 65 (Moderate) | 22 (Weak) |
| Insider trades, 12 months | 0 buys, 7 sales | 0 buys, 55 sales |