# Civeo Corporation (CVEO)

> Source: Nexqual · https://nexqual.com/CVEO · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Civeo Corporation (CVEO), nexqual.com/CVEO" · informational, not investment advice.

**Price:** USD 30.79 (+2.26% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 30.11 · day 29.56–30.86 · 52w 20.6–36.5 · market cap $318M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $685M, net income -$13.2M (-1.9% margin), free cash flow $16.7M (SEC filings).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (4 analysts), mean target USD 41.6 (range 37–51).
- Total return with dividends: 1Y +46.9% vs S&P 500 +18.1%; 5Y +41.7% vs S&P 500 +85.1%.
- Next earnings: 2026-10-29, EPS estimate USD -0.27, revenue estimate $174M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $594M | $697M | $701M | $682M | $639M | $685M |
| Gross profit | — | $180M | $171M | $149M | $151M | — |
| Operating income | $6.1M | $17.0M | $39.5M | $1.3M | $4.1M | $15.0M |
| Net income | $1.4M | $4.0M | $30.2M | -$17.1M | -$20.1M | -$13.2M |
| EPS (diluted) | -$0.04 | -$0.21 | $2.01 | -$1.19 | -$1.59 | — |
| Free cash flow | $73.0M | $66.4M | $64.9M | $57.4M | $2.1M | $16.7M |
| Gross margin | — | 25.8% | 24.3% | 21.9% | 23.7% | — |
| Operating margin | 1.0% | 2.4% | 5.6% | 0.2% | 0.6% | 2.2% |
| Net margin | 0.2% | 0.6% | 4.3% | -2.5% | -3.1% | -1.9% |
| Revenue growth | +12.2% | +17.3% | +0.5% | -2.7% | -6.3% | — |
| Cash + short-term investments | $6.3M | $8.0M | $3.3M | $5.2M | $14.4M | — |
| Total debt | $173M | $131M | $65.6M | $43.3M | $183M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.5x · EV/EBITDA 5.8x · EV/Sales 0.7x · P/FCF 19.0x · P/B 2.0x · FCF yield 5.25% · Earnings yield -4.16% · Dividend yield (paid, TTM) 0.00% · Buyback yield (TTM) 14.29% · Net debt $188M · EV $506M
P/E at fiscal year-ends: Dec 2023 11.4x.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 4 analysts; mean target USD 41.6 (low 37, high 51).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-01 | Roth Capital | Initiated | Buy | $39 |
| 2026-10-01 | Northland Capital Markets | Initiated | Outperform | $42 |
| 2026-08-05 | Raymond James | Initiated | Strong Buy | $51 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +46.9% | +41.7% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +47.1% | +7.2% |
| Volatility (annualized) | 35.4% | 38.3% |
| Max drawdown | -15.6% (May 2026→Jul 2026) | -48.5% (Jan 2023→Aug 2023) |

## Peers (Lodging)
ATAT (Atour Lifestyle Holdings Limite) USD 33.51 +2.35% · CHH (Choice Hotels International, In) USD 106.92 +2.93% · WH (Wyndham Hotels & Resorts, Inc.) USD 75.38 +2.67% · HTHT (H World Group Limited) USD 45.94 +4.01% · H (Hyatt Hotels Corporation) USD 168.91 +3.68% · IHG (Intercontinental Hotels Group) USD 166.15 +3.27%

## More
Full page: https://nexqual.com/CVEO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt