Civeo Corporation

CVEO

Specialty Business Services · Industrials

Price

$34.53

-0.08 (-0.23%)

Market Cap

$377.9M

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

Dividends

Strong

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Share count falling — buybacks

−11.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 14.2M (2021) → 12.6M (2025)

Winston Score History

The full picture

Civeo Corporation builds and runs large worker camps in remote locations. These are not ordinary hotels — they are full villages with beds, meals, laundry, and recreation for thousands of workers at a time. The main customers are oil, gas, and mining companies that need to house employees near job sites far from any town. Civeo operates mostly in Canada and Australia, with some presence in the United States.

The company makes money by charging energy and mining companies a daily rate per room, similar to a hotel but under longer-term contracts. Those contracts provide some revenue stability, but Civeo's business rises and falls with activity levels in the oil sands and mining sectors. With a market cap around $400 million and thin operating margins near 2%, the company has limited financial cushion. The biggest risk is a slowdown in Canadian oil sands development or falling commodity prices, which would cause customers to reduce workforce housing needs quickly.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+8.0% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

37.4%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

$25M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Civeo Corporation is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

14.2%

Thin — 14.2% gross margin

Profit after running costs

Operating Margin

2.8%

Thin — 2.8% operating margin

Return on the money invested

ROCE

3.6%

Weak — 3.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

+8.0%

Steady sales growth (+8.0% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

2.4%

Thin free cash flow (2.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

1.31

Elevated debt (1.31)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

2.90%

Moderate income — 2.90% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+13.6%

Dividend growing fast (13.6% YoY)

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