vs
Side-by-side financial comparison of CMB.TECH NV (CMBT) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
CMB.TECH NV is the larger business by last-quarter revenue ($592.8M vs $382.1M, roughly 1.6× EXPRO GROUP HOLDINGS N.V.). CMB.TECH NV runs the higher net margin — 32.3% vs 1.5%, a 30.7% gap on every dollar of revenue. On growth, EXPRO GROUP HOLDINGS N.V. posted the faster year-over-year revenue change (-12.5% vs -34.6%).
CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.
Expro is an energy services provider headquartered in Houston, Texas, United States.
CMBT vs XPRO — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $592.8M | $382.1M |
| Net Profit | $191.2M | $5.8M |
| Gross Margin | — | — |
| Operating Margin | 46.4% | 3.1% |
| Net Margin | 32.3% | 1.5% |
| Revenue YoY | -34.6% | -12.5% |
| Net Profit YoY | -63.3% | -74.9% |
| EPS (diluted) | $1.01 | $0.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $382.1M | ||
| Q3 25 | — | $411.4M | ||
| Q2 25 | — | $422.7M | ||
| Q1 25 | — | $390.9M | ||
| Q4 24 | $592.8M | $436.8M | ||
| Q3 24 | — | $422.8M | ||
| Q2 24 | — | $469.6M | ||
| Q1 24 | — | $383.5M |
| Q4 25 | — | $5.8M | ||
| Q3 25 | — | $14.0M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $13.9M | ||
| Q4 24 | $191.2M | $23.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $15.3M | ||
| Q1 24 | — | $-2.7M |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 46.4% | 7.3% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | 32.3% | 5.3% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | — | $0.05 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | $1.01 | $0.20 | ||
| Q3 24 | — | $0.14 | ||
| Q2 24 | — | $0.13 | ||
| Q1 24 | — | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $38.9M | $196.1M |
| Total DebtLower is stronger | $2.6B | $79.1M |
| Stockholders' EquityBook value | $1.2B | $1.5B |
| Total Assets | $3.9B | $2.3B |
| Debt / EquityLower = less leverage | 2.20× | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $196.1M | ||
| Q3 25 | — | $197.9M | ||
| Q2 25 | — | $206.8M | ||
| Q1 25 | — | $179.3M | ||
| Q4 24 | $38.9M | $183.0M | ||
| Q3 24 | — | $165.7M | ||
| Q2 24 | — | $133.5M | ||
| Q1 24 | — | $163.2M |
| Q4 25 | — | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | $2.6B | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M | ||
| Q1 24 | — | $40.0M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $3.9B | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 2.20× | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.03× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $204.4M | $57.1M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 6.1% |
| Capex IntensityCapex / Revenue | — | 8.9% |
| Cash ConversionOCF / Net Profit | 1.07× | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | — | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $57.1M | ||
| Q3 25 | — | $63.2M | ||
| Q2 25 | — | $48.4M | ||
| Q1 25 | — | $41.5M | ||
| Q4 24 | $204.4M | $97.4M | ||
| Q3 24 | — | $55.3M | ||
| Q2 24 | — | $-13.2M | ||
| Q1 24 | — | $29.9M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $39.0M | ||
| Q2 25 | — | $27.2M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $23.3M | ||
| Q2 24 | — | $-49.5M | ||
| Q1 24 | — | $-801.0K |
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | -10.5% | ||
| Q1 24 | — | -0.2% |
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 5.0% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | 8.0% |
| Q4 25 | — | 9.89× | ||
| Q3 25 | — | 4.52× | ||
| Q2 25 | — | 2.69× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | 1.07× | 4.23× | ||
| Q3 24 | — | 3.40× | ||
| Q2 24 | — | -0.86× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBT
Segment breakdown not available.
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
