Civeo vs Target Hospitality
Civeo is the larger business, with $639m of revenue in fiscal 2025 against $321m for Target Hospitality (2.0 times as much). Civeo grew faster (-6.3% against -17.0%). Civeo kept more of each dollar of sales as profit: a net margin of -3.1% against -11.6%.
| Latest fiscal year | CiveoCVEO, 2025 | Target HospitalityTH, 2025 |
|---|---|---|
| Revenue | $639m | $321m |
| Revenue growth | -6.3% | -17.0% |
| Net income | −$20.1m | −$37.1m |
| Operating margin | 0.6% | — |
| Net margin | -3.1% | -11.6% |
| Return on equity | -9.8% | -9.2% |
| Free cash flow | $2.1m | $73.3m |
| Cash | $14.4m | $8.3m |
| Total debt | $183m | $3.8m |
| Debt to equity | 104.9% | — |
| Dividend per share | — | — |
| Dividend yield | 0.0% | — |
| Share buybacks | $53.6m | — |
| Employees | 2,100 | 902 |
| Market value | $385m | $1.44bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 65 (Moderate) | 59 (Moderate) |
| Insider trades, 12 months | 0 buys, 7 sales | 4 buys, 4 sales |