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Civeo Corp (CVEO) stock

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NYSE: CVEO NYSE Hotels, Resorts & Cruise Lines Next results ~January 27, 2027

C Fundamentals grade

Civeo Corp is a US-listed company in the hotels, resorts & cruise lines industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 57% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 57% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Civeo Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 7 sales by directors and officers, last 12 monthsInsider trades
  • Funds60 adding, 34 cuttingOf 22 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Civeo files

10-Q filed October 30: Civeo

Revenue for the twelve months to September 2026 was $707m, up 12.6% on a year earlier, faster than the 8.0% growth a quarter earlier. Free-cash-flow margin rose to 4.2% from -1.7% a year earlier. Operating margin widened to 3.0% from -0.9%. The diluted share count is down 16.9% on a year earlier, which lifts each remaining share.

Our model value for Civeo is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Civeo stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $685m, up 8.0% on a year earlier, faster than the 1.1% growth a quarter earlier. Free-cash-flow margin held at 2.4%. Operating margin widened to 2.2% from -2.0%. The diluted share count is down 16.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 7 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Civeo Corp's trailing-twelve-month revenue grew 12.6% year on year, with a free-cash-flow margin of 4.2%. Where it stands out: change in share count of -16.9% ranks 1 of 23 hotels, resorts & cruise lines companies we cover. Where it lags: gross margin of 23.3% ranks 13 of 14 hotels, resorts & cruise lines companies we cover.

Our discounted-cash-flow model values the business at ~$53 per share in the base case (~$35–$76 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 306% in the quarter to 2026-09-30, the 2nd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 4.6 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 3.9 points on a year ago.
  • Shrinking share count. Diluted shares fell 16.9% in a year, so each share owns more of the business.

Things to watch

  • Insiders selling. 2 insiders sold $12M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Below peers: gross margin. Gross margin of 23.3% ranks 13 of 14 hotels, resorts & cruise lines companies we cover (median 47.7%).
  • Below peers: operating margin. Operating margin of 3.0% ranks 19 of 22 hotels, resorts & cruise lines companies we cover (median 16.0%).
  • Heavily shorted. 15.0% of the shares available to trade are sold short (9.9 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$0.56 against an average estimate of -$0.27: beat by 306.3%
Revenue
$193m, up 13.3% on a year earlier
Share reaction
+19.0% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
revenue $710m to $720m (full year of 2026); adjusted EBITDA $89m to $92m (full year of 2026)
Next report
October 29, 2026; average EPS estimate -$0.38

Civeo's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.4%
  • 1 week+24.9%
  • 1 month+8.9%
  • This year+57.9%
  • 1 year+73.8%
  • 5 years+71.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$707M
Operating margin
3.0%
Net margin
-1.1%
EPS (TTM, diluted)
$-0.69

Growth

Revenue growth
+12.6%
Change in growth rate
+4.6 pts
Share count change
−16.9%

Cash

Free cash flow (TTM)
$29.5M
FCF margin
4.2%
Stock pay % of revenue
1.3%

Earnings

Last results
October 29, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Results
  4. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Civeo Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 57% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Civeo Corp as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$2.1 ~$0.8–$4.0 Left out: out of range vs price (0.06x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Civeo Corp with Hotels, Resorts & Cruise Lines in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$15.85$24.55$30.46$15.96$14.39$12.93$17.83$28.92$21.73$22.51$22.87$36.11
Market value$141m$219m$326m$209m$200m$183m$254m$405m$326m$322m$289m$396m
+ Net debt (− = net cash)$394m$355m$265m$367m$356m$245m$169m$124m$62m$38m$168m$189m
Enterprise value$534m$574m$591m$576m$556m$428m$423m$529m$389m$360m$458m$584m
Multiples
Price / sales 0.3x0.6x0.9x0.4x0.4x0.3x0.4x0.6x0.5x0.5x0.5x0.6x
Price / earnings ——————187.9x101.3x10.8x———
Price / free cash flow 1.1x5.2x7.1x5.6x4.5x1.7x3.5x6.1x5.0x5.6x134.7x13.4x
EV / EBITDA 66.9x16.2x20.8x15.2x7.4x—4.7x5.1x3.4x5.2x6.0x6.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

65 /100

Moderate moat

How hard Civeo's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 15 / 20

    Cash operating profit has been a median 11.9% of total assets over 9 years.

  • Pricing power 6 / 20

    Gross margin has been a median 31.6%, moving by 7.4 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -0.9%; its worst year was -30.4%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 9 of 10 years, at a median 8.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 23.0% over five years; stock-based pay has been a median 1.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.23 — $693m +9%
Next $0.26 +121% $721m +4%

How the EPS forecast has moved

In the last 30 days, 0 analysts raised Civeo Corp's forecast and 0 cut it.

Consensus EPS forecast Civeo Corp, last 90 days
−$1.50 −$1.00 −$0.50 $0.00 $0.50 60 days ago 30 days ago 7 days ago Now Current fiscal year, 60 days ago: −$1.23 Current fiscal year, 30 days ago: −$1.23 Current fiscal year, 7 days ago: −$1.23 Current fiscal year, Now: −$1.23 −$1.23 Next fiscal year, 60 days ago: $0.26 Next fiscal year, 30 days ago: $0.26 Next fiscal year, 7 days ago: $0.26 Next fiscal year, Now: $0.26 $0.26

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
60 days ago −$1.23$0.26
30 days ago −$1.23$0.26
7 days ago −$1.23$0.26
Now −$1.23$0.26

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 −$0.27 $0.56 +306.3%
Jun 2026 −$0.15 −$0.23 −53.3%
Mar 2026 −$0.61 −$0.34 +44.0%
Dec 2025 −$0.43 −$0.56 −31.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 29, 2026
  • revenue full year of 2026 $710m to $720m Raised
    “For the full year of 2026, Civeo is raising its revenue and Adjusted EBITDA guidance to $710 million to $720 million and $89 million to $92 million, respectively, from its prior ranges of $675 million to $700 million and $85 million to $90 million.” source
  • Adjusted EBITDA full year of 2026 $89m to $92m Non-GAAP Raised
    “For the full year of 2026, Civeo is raising its revenue and Adjusted EBITDA guidance to $710 million to $720 million and $89 million to $92 million, respectively, from its prior ranges of $675 million to $700 million and $85 million to $90 million.” source
  • capital expenditure full year 2026 $30m to $35m Raised
    “The Company is increasing its full year 2026 capital expenditure guidance range to $30 million to $35 million, from its prior range of $25 million to $30 million.” source
  • EBITDA Range Year Ending December 31, 2026 $83.4m to $86.4m Non-GAAP Lowered vs 85m to 90m
    “EBITDA Range (1) $ 83.4 $ 86.4” source
  • Net loss Year Ending December 31, 2026 $-9.7m to $-7.7m
    “Net loss $ (9.7) $ (7.7)” source
  • Canadian revenue growth, in local currency · Canada back half of 2026 about 30% growth Raised
    “we now expect Canadian revenue, in local currency, to increase approximately 30% year-over-year in the back half of 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202644
  2. Sep 202622
  3. Aug 202611

Counts of recommendations published by analysts covering Civeo Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
15.0%
of tradable shares
Days to cover
9.9
at average volume
Short interest, 1 month
−6%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
7.2%
of shares
Employees
2,700
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +73.8%

$20.78 on October 31, 2025 to $36.11

ThenNowEffect
Revenue (last 12 months) $634m $685m +8.0%
P/S multiple 0.4x 0.6x +35.0%
Share count 14m 11m +19.2%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +73.5%

$20.81 on November 3, 2023 to $36.11

ThenNowEffect
Revenue (last 12 months) $693m $685m −1.2%
P/S multiple 0.4x 0.6x +39.6%
Share count 14m 11m +25.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CVEO+38%+62%−25%+4%+2%+58%
Industry peers (median)+26%−27%+46%+26%+10%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CVEO50%67%50%50%58%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CVEO−27%−25%−50%−24%−31%−23%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 92% from July 13, 2018 to April 16, 2020. Getting back needed a 1196% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$21.09 – $36.11
From 52-week high
0.0%
vs 50-day average
+11.6%
vs 200-day average
+16.0%
Volatility (1 year)
39%
Beta vs S&P 500
0.52

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±7.6%
After a week
3 up, 8 down
typical move ±5.7%
After a month
5 up, 6 down
typical move ±9.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +19.0% −2.1% — —
July 30, 2026 −3.0% +2.4% −3.2% +1.9%
May 1, 2026 −3.6% −0.1% −2.3% +9.0%
March 3, 2026 +4.6% −0.2% +2.0% −4.1%
October 31, 2025 +1.8% +0.5% −2.5% −3.8%
July 29, 2025 −2.1% −0.4% −2.8% −3.5%
April 30, 2025 −7.0% +0.7% −3.9% +8.6%
February 27, 2025 −20.3% −0.1% −19.9% −15.3%
October 30, 2024 −6.7% −2.3% −5.2% −14.1%
July 30, 2024 +8.1% +1.1% +5.7% +13.4%
April 26, 2024 −10.7% +1.3% −6.3% −6.3%
February 29, 2024 +4.2% +1.3% +9.1% +20.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Civeo Corp in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Civeo Corp
$600M $650M $700M $750M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $700.8M Revenue (TTM), FY24 Q1: $699.3M Revenue (TTM), FY24 Q2: $709.2M Revenue (TTM), FY24 Q3: $702M Revenue (TTM), FY24 Q4: $682.1M Revenue (TTM), FY25 Q1: $660M Revenue (TTM), FY25 Q2: $634M Revenue (TTM), FY25 Q3: $628.2M Revenue (TTM), FY25 Q4: $638.8M Revenue (TTM), FY26 Q1: $667.5M Revenue (TTM), FY26 Q2: $684.8M Revenue (TTM), FY26 Q3: $707.4M $707.4M

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $700.8M
FY24 Q1 $699.3M
FY24 Q2 $709.2M
FY24 Q3 $702M
FY24 Q4 $682.1M
FY25 Q1 $660M
FY25 Q2 $634M
FY25 Q3 $628.2M
FY25 Q4 $638.8M
FY26 Q1 $667.5M
FY26 Q2 $684.8M
FY26 Q3 $707.4M
Revenue growth, TTM YoY Civeo Corp
-20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 0.5% Revenue growth, TTM YoY, FY24 Q1: 0.1% Revenue growth, TTM YoY, FY24 Q2: 2.4% Revenue growth, TTM YoY, FY24 Q3: 1.4% Revenue growth, TTM YoY, FY24 Q4: -2.7% Revenue growth, TTM YoY, FY25 Q1: -5.6% Revenue growth, TTM YoY, FY25 Q2: -10.6% Revenue growth, TTM YoY, FY25 Q3: -10.5% Revenue growth, TTM YoY, FY25 Q4: -6.3% Revenue growth, TTM YoY, FY26 Q1: 1.1% Revenue growth, TTM YoY, FY26 Q2: 8.0% Revenue growth, TTM YoY, FY26 Q3: 12.6% 12.6%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 0.5%
FY24 Q1 0.1%
FY24 Q2 2.4%
FY24 Q3 1.4%
FY24 Q4 -2.7%
FY25 Q1 -5.6%
FY25 Q2 -10.6%
FY25 Q3 -10.5%
FY25 Q4 -6.3%
FY26 Q1 1.1%
FY26 Q2 8.0%
FY26 Q3 12.6%
Operating margin (TTM) Civeo Corp
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 5.6% Operating margin (TTM), FY24 Q1: 5.9% Operating margin (TTM), FY24 Q2: 6.3% Operating margin (TTM), FY24 Q3: 4.1% Operating margin (TTM), FY24 Q4: 0.2% Operating margin (TTM), FY25 Q1: -0.4% Operating margin (TTM), FY25 Q2: -2.0% Operating margin (TTM), FY25 Q3: -0.9% Operating margin (TTM), FY25 Q4: 0.6% Operating margin (TTM), FY26 Q1: 1.9% Operating margin (TTM), FY26 Q2: 2.2% Operating margin (TTM), FY26 Q3: 3.0% 3.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 5.6%
FY24 Q1 5.9%
FY24 Q2 6.3%
FY24 Q3 4.1%
FY24 Q4 0.2%
FY25 Q1 -0.4%
FY25 Q2 -2.0%
FY25 Q3 -0.9%
FY25 Q4 0.6%
FY26 Q1 1.9%
FY26 Q2 2.2%
FY26 Q3 3.0%
FCF margin (TTM) Civeo Corp
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 9.3% FCF margin (TTM), FY24 Q1: 10.0% FCF margin (TTM), FY24 Q2: 11.9% FCF margin (TTM), FY24 Q3: 12.1% FCF margin (TTM), FY24 Q4: 8.4% FCF margin (TTM), FY25 Q1: 6.6% FCF margin (TTM), FY25 Q2: 1.5% FCF margin (TTM), FY25 Q3: -1.7% FCF margin (TTM), FY25 Q4: 0.3% FCF margin (TTM), FY26 Q1: 0.3% FCF margin (TTM), FY26 Q2: 2.4% FCF margin (TTM), FY26 Q3: 4.2% 4.2%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 9.3%
FY24 Q1 10.0%
FY24 Q2 11.9%
FY24 Q3 12.1%
FY24 Q4 8.4%
FY25 Q1 6.6%
FY25 Q2 1.5%
FY25 Q3 -1.7%
FY25 Q4 0.3%
FY26 Q1 0.3%
FY26 Q2 2.4%
FY26 Q3 4.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 1,109 1,041 943 518 397 382 467 528 530 594 697 701 682 639 707
Gross profit — — — — — — — — — — 180 171 149 151 165
EBITDA 492 427 32 8 36 28 38 75 −51 89 104 115 69 77 89
Operating income 353 259 −143 −145 −96 −98 −88 −49 −147 6 17 39 1 4 21
Net income 245 182 −189 −132 −96 −106 −82 −58 −134 1 4 30 −17 −20 −8
Diluted EPS $27.48 $20.40 −$21.24 −$14.88 −$10.80 −$9.84 −$10.06 −$4.33 −$9.64 −$0.04 −$0.21 $2.01 −$1.19 −$1.59 −$0.69
Growth (year on year)
Revenue — −6.1% −9.4% −45.1% −23.3% −3.8% +22.1% +13.0% +0.4% +12.2% +17.3% +0.5% −2.7% −6.3% +12.6%
EBITDA — −13.3% −92.5% −75.1% — −19.9% +32.7% +97.7% −167.8% — +16.9% +10.0% −39.5% +10.6% +37.2%
Operating income — −26.5% −155.1% — — — — — — — — +132.0% −96.6% — —
Net income — −25.7% −203.9% — — — — — — — — — −156.6% — —
Diluted EPS — −25.8% −204.1% — — — — — — — — — −159.2% — —
Margins
Gross margin — — — — — — — — — — 25.8% 24.3% 21.9% 23.6% 23.3%
EBITDA margin 44.4% 41.0% 3.4% 1.5% 8.9% 7.4% 8.1% 14.2% −9.6% 15.0% 15.0% 16.4% 10.2% 12.0% 12.6%
Operating margin 31.8% 24.9% −15.2% −28.0% −24.1% −25.6% −18.9% −9.3% −27.8% 1.0% 2.4% 5.6% 0.2% 0.6% 3.0%
Net margin 22.1% 17.5% −20.0% −25.4% −24.3% −27.7% −17.6% −11.1% −25.3% 0.2% 0.6% 4.3% −2.5% −3.1% −1.1%
Free-cash-flow margin 10.7% 4.4% 4.2% 23.9% 10.7% 11.9% 8.0% 8.5% 20.3% 12.3% 9.5% 9.3% 8.4% 0.3% 4.2%
Cash flow
Cash from operations 433 337 291 186 62 57 54 74 117 89 92 97 84 22 48
Capital spending 314 292 251 62 20 11 17 30 10 16 25 32 26 20 18
Free cash flow 119 46 40 124 42 46 37 45 107 73 66 65 57 2 30
Stock-based pay 3 6 9 6 16 15 16 14 8 10 15 12 9 9 9
Free cash flow after stock pay 115 39 31 118 26 30 21 31 99 63 51 53 48 −7 21
Balance sheet
Cash 161 224 263 8 2 33 12 3 6 6 8 3 5 14 24
Total debt 0 335 775 402 357 298 379 359 251 175 132 66 43 183 213
Net debt (negative = net cash) −161 111 512 394 355 265 367 356 245 169 124 62 38 168 189
Diluted shares 9m 9m 9m 9m 9m 11m 13m 14m 14m 14m 14m 15m 14m 13m 11m
Returned to shareholders
Dividends — — 28 — — — — — — 0 0 7 14 3 0
Buybacks — — — — — — — 0 0 5 14 12 30 54 42
Total returned — — 28 — — — — 0 0 5 14 19 44 57 42

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · September 30, 2026
What it owns · $494m
Short-term assets $179mLonger-term assets $314m
What it owes, and who funded it · $494m
Short-term liabilities $105mLonger-term liabilities $245mShareholders' equity $144m
  • Short-term assets cover short-term liabilities $179m of assets due within a year against $105m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $179m short-term assets against $245m of longer-dated liabilities.
  • More cash than debt $24m of cash against $213m of debt.
  • Debt below 40% of shareholders' equity Debt is 148% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 39% to 148% over five years.
  • A year's operating cash flow covers at least 20% of debt $48m of operating cash flow against $213m of debt.
  • Operating profit covers interest at least five times over Operating income of $21m against $16m of interest.

From Civeo Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$41.6M
Dividends (TTM)
$0
Returned to shareholders
141%
of free cash flow
Buybacks, last 3 fiscal years
$94.9M
Diluted share count
−16.9%
year over year
Total shareholder yield
11.1%
dividends 0.0% + buybacks 11.1% of market value
Sales & admin spending
11.0%
of revenue
Days sales outstanding
63 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in hotels, resorts & cruise lines
Last 12 months unless stated CVEO LIND MMYT ATAT TH WH Median
Revenue, last 12 months $707m $831m $1.0bn $1.4bn $347m $1.4bn $5.2bn
Revenue growth, last 12 months 12.6% 18.3% 6.7% 35.2% 11.9% 0.7% 9.7%
Revenue growth, 3-year average 0.7% 16.1% 26.8% — −16.8% 0.8% 8.0%
Revenue growth, latest quarter 13.3% 18.6% 11.8% — 38.7% 7.3% 8.1%
Gross margin 23.3% 46.6% 73.8% — 13.7% — 47.7%
Operating margin 3.0% 7.0% 14.9% 23.6% −11.1% 29.3% 16.0%
Operating margin, 3-year average 2.1% 4.4% −12.2% — 11.7% 34.3% 15.3%
Net margin −1.1% −2.1% 5.0% 16.6% −10.8% 14.0% 11.4%
Cash from operations / revenue 6.7% 17.2% 17.5% 20.4% 49.0% 26.1% 20.4%
Free-cash-flow margin 4.2% 13.1% 17.1% 19.5% 46.6% 22.8% 12.1%
Free-cash-flow margin, 3-year average 4.9% 9.4% −0.4% — 35.6% 20.3% 10.3%
Stock pay / revenue 1.3% 1.0% 2.2% 1.3% 2.2% 2.9% 1.3%
Change in share count −16.9% 9.0% −4.2% 0.5% −0.2% −3.4% −3.4%

Median of all 25 companies we cover in hotels, resorts & cruise lines. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 hotels, resorts & cruise lines companies
Measure Company Peer median Rank
Revenue growth Growth 12.6% 9.7% 10 of 25
Change in growth rate Growth +4.6pp -0.5pp 4 of 25
Gross margin Profitability 23.3% 47.7% 13 of 14
Operating margin Profitability 3.0% 16.0% 19 of 22
Net margin Profitability -1.1% 11.4% 21 of 25
Free-cash-flow margin Cash generation 4.2% 12.7% 19 of 24
Stock pay as % of revenue Cash generation 1.3% 1.4% 10 of 24
Long-term debt as % of assets Balance sheet 43.1% 41.9% 15 of 24
Change in share count Balance sheet -16.9% -3.5% 1 of 23
Days sales outstanding Balance sheet 63 days 52 days 12 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Australia $460M 72.1% ▲ 7.8%
Canada $179M 27.9% ▼ 27.1%
All Other Segments $0 0.0% ▼ 100.0%
US Segment and Other $0 0.0% ▼ 100.0%

From Civeo Corp's 10-K filed March 3, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$325M
Institutions reporting
95
Shares held vs prior quarter
▲ 5.4%
Positions opened / closed
40 / 8

Top buyers and sellers, Q2 2026: 60 institutions bought and 34 sold ; the biggest buyer was Blackrock, Inc (+574K shares) and the biggest seller Flat Footed LLC (−347K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Horizon Kinetics Asset Management LLC $80.2M 2.3M 24.6% ▼ 2.6%
TCW Group Inc $25.9M 741K 8.0% ▼ 12.5%
Engine Capital Management, LP $24M 686K 7.4% ▼ 21.5%
Dimensional Fund Advisors LP $22.7M 648K 7.0% ▲ 1.4%
American Century Companies Inc $22.4M 640K 6.9% ▲ 14.0%
Blackrock, Inc. $20.2M 577K 6.2% ▲ 19252.8%
Renaissance Technologies LLC $16.5M 472K 5.1% ▼ 6.0%
Prescott Group Capital Management, L.L.C. $10.7M 306K 3.3% 0.0%
Bastion Asset Management Inc. $7.2M 217K 2.2% New
Boston Partners $7.1M 203K 2.2% ▲ 20.8%
Jb Capital Partners LP $6.8M 194K 2.1% ▲ 0.3%
Bridgeway Capital Management, LLC $5.1M 145K 1.6% ▼ 14.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Civeo Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $12.4M 7 trades by 2 insiders · 0% under pre-set plans
Net ▼ $12.4M net selling
Insider Date Trade Shares Price Value
Mccann Peter SVP, Australia March 6, 2026 Sell 4,000 $28.64 $114,560
Engine Lift Capital, Lp 10% owner February 18, 2026 Sell 658 $29.03 $19,102
Engine Lift Capital, Lp 10% owner February 18, 2026 Sell 781 $29.03 $22,672
Engine Lift Capital, Lp 10% owner February 18, 2026 Sell 7,730 $29.03 $224,402
Engine Lift Capital, Lp 10% owner February 13, 2026 Sell 35,512 $28.80 $1M
Engine Lift Capital, Lp 10% owner February 13, 2026 Sell 335,394 $28.80 $9.7M
Engine Lift Capital, Lp 10% owner February 13, 2026 Sell 46,109 $28.80 $1.3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • May 1, 2026
  • March 3, 2026
  • October 31, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on Civeo Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Civeo Corp in brief

What does Civeo Corp do?
Civeo Corp is a US-listed company in the hotels, resorts & cruise lines industry. Its financial year ends in December.
What is Civeo Corp's stock ticker?
Civeo Corp trades under the ticker CVEO on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Civeo Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Civeo Corp reported revenue of $707M, 12.6% higher than a year earlier, according to its SEC filings.
What is Civeo Corp's free cash flow?
Civeo Corp's free-cash-flow margin is 4.2% of revenue over the trailing twelve months, ranking 19 of the 24 hotels, resorts & cruise lines companies we cover.
Who are Civeo Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Horizon Kinetics Asset Management LLC, TCW Group Inc and Engine Capital Management, LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Civeo Corp buying back stock, and does it pay a dividend?
Civeo Corp spent $41.6M on share repurchases over the trailing twelve months, and its diluted share count fell 16.9% over the year.
What is Civeo Corp's market cap?
On November 2, 2026, Civeo Corp's market capitalisation was about $396M and net debt of $189M. Market figures come from third-party market data and may be delayed.
Does Civeo Corp pay a dividend?
Civeo Corp reported no dividend payments in its trailing twelve months of filings.
How much debt does Civeo Corp have?
Civeo Corp's debt-to-equity ratio is 147.7%, from its latest balance sheet (39.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Civeo Corp's competitors?
In our Hotels, Resorts & Cruise Lines peer group, the companies closest to Civeo Corp are Lindblad Expeditions Holdings, Inc., Makemytrip Ltd, Atour Lifestyle Holdings Ltd, Target Hospitality Corp. and Wyndham Hotels & Resorts, Inc. The side-by-side comparison below sets their revenue, margins and growth against Civeo Corp's.
Are insiders buying or selling Civeo Corp stock?
Over the last 12 months, Civeo Corp's directors and officers reported 0 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Civeo Corp's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Civeo Corp announces its own schedule.