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Side-by-side financial comparison of Civeo Corp (CVEO) and CALIFORNIA WATER SERVICE GROUP (CWT). Click either name above to swap in a different company.

CALIFORNIA WATER SERVICE GROUP is the larger business by last-quarter revenue ($210.7M vs $161.6M, roughly 1.3× Civeo Corp). CALIFORNIA WATER SERVICE GROUP runs the higher net margin — 5.4% vs -4.0%, a 9.4% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -3.3%). Over the past eight quarters, CALIFORNIA WATER SERVICE GROUP's revenue compounded faster (16.6% CAGR vs -1.4%).

The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.

California Water Service Group (CWSG) is an American public utility company providing drinking water and wastewater services. It is the third-largest investor-owned publicly traded water utility in the United States, serving roughly two million people through its subsidiary companies in California, Hawaii, New Mexico and Washington. CWSG was formed in 1997 as a new holding company for California Water Service to expand into other states regulated by their own public utilities commissions, and...

CVEO vs CWT — Head-to-Head

Bigger by revenue
CWT
CWT
1.3× larger
CWT
$210.7M
$161.6M
CVEO
Growing faster (revenue YoY)
CVEO
CVEO
+10.3% gap
CVEO
7.1%
-3.3%
CWT
Higher net margin
CWT
CWT
9.4% more per $
CWT
5.4%
-4.0%
CVEO
Faster 2-yr revenue CAGR
CWT
CWT
Annualised
CWT
16.6%
-1.4%
CVEO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVEO
CVEO
CWT
CWT
Revenue
$161.6M
$210.7M
Net Profit
$-6.5M
$11.5M
Gross Margin
22.7%
Operating Margin
-0.1%
12.2%
Net Margin
-4.0%
5.4%
Revenue YoY
7.1%
-3.3%
Net Profit YoY
58.1%
-41.0%
EPS (diluted)
$-0.58
$0.19

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.

Revenue
CVEO
CVEO
CWT
CWT
Q4 25
$161.6M
$210.7M
Q3 25
$170.5M
$314.1M
Q2 25
$162.7M
$256.2M
Q1 25
$144.0M
$182.7M
Q4 24
$151.0M
$217.8M
Q3 24
$176.3M
$306.2M
Q2 24
$188.7M
$226.7M
Q1 24
$166.1M
$154.9M
Net Profit
CVEO
CVEO
CWT
CWT
Q4 25
$-6.5M
$11.5M
Q3 25
$-455.0K
$61.2M
Q2 25
$-3.3M
$42.2M
Q1 25
$-9.8M
$13.3M
Q4 24
$-15.4M
$19.5M
Q3 24
$-5.1M
$60.7M
Q2 24
$8.2M
$40.6M
Q1 24
$-5.1M
$69.9M
Gross Margin
CVEO
CVEO
CWT
CWT
Q4 25
22.7%
Q3 25
25.7%
Q2 25
25.3%
Q1 25
20.4%
Q4 24
18.6%
Q3 24
21.4%
Q2 24
25.4%
Q1 24
21.5%
Operating Margin
CVEO
CVEO
CWT
CWT
Q4 25
-0.1%
12.2%
Q3 25
4.1%
22.5%
Q2 25
1.7%
20.2%
Q1 25
-3.8%
12.2%
Q4 24
-6.7%
14.8%
Q3 24
0.0%
21.8%
Q2 24
6.9%
21.2%
Q1 24
-1.1%
50.3%
Net Margin
CVEO
CVEO
CWT
CWT
Q4 25
-4.0%
5.4%
Q3 25
-0.3%
19.5%
Q2 25
-2.0%
16.5%
Q1 25
-6.8%
7.3%
Q4 24
-10.2%
8.9%
Q3 24
-2.9%
19.8%
Q2 24
4.4%
17.9%
Q1 24
-3.1%
45.1%
EPS (diluted)
CVEO
CVEO
CWT
CWT
Q4 25
$-0.58
$0.19
Q3 25
$-0.04
$1.03
Q2 25
$-0.25
$0.71
Q1 25
$-0.72
$0.22
Q4 24
$-1.04
$0.31
Q3 24
$-0.36
$1.03
Q2 24
$0.56
$0.70
Q1 24
$-0.35
$1.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CVEO
CVEO
CWT
CWT
Cash + ST InvestmentsLiquidity on hand
$14.4M
$51.8M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$174.4M
$1.7B
Total Assets
$477.4M
$5.7B
Debt / EquityLower = less leverage
0.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
CWT
CWT
Q4 25
$14.4M
$51.8M
Q3 25
$12.0M
$76.0M
Q2 25
$14.6M
$50.5M
Q1 25
$28.4M
$44.5M
Q4 24
$5.2M
$50.1M
Q3 24
$17.9M
$59.6M
Q2 24
$7.4M
$37.3M
Q1 24
$16.8M
$42.8M
Total Debt
CVEO
CVEO
CWT
CWT
Q4 25
$1.5B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$43.3M
$1.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CVEO
CVEO
CWT
CWT
Q4 25
$174.4M
$1.7B
Q3 25
$182.5M
$1.7B
Q2 25
$209.4M
$1.7B
Q1 25
$220.7M
$1.6B
Q4 24
$236.4M
$1.6B
Q3 24
$282.2M
$1.6B
Q2 24
$297.4M
$1.5B
Q1 24
$297.4M
$1.5B
Total Assets
CVEO
CVEO
CWT
CWT
Q4 25
$477.4M
$5.7B
Q3 25
$491.1M
$5.5B
Q2 25
$508.8M
$5.4B
Q1 25
$423.8M
$5.3B
Q4 24
$405.1M
$5.2B
Q3 24
$477.6M
$5.0B
Q2 24
$483.2M
$4.9B
Q1 24
$513.1M
$4.8B
Debt / Equity
CVEO
CVEO
CWT
CWT
Q4 25
0.87×
Q3 25
0.65×
Q2 25
0.67×
Q1 25
0.68×
Q4 24
0.18×
0.67×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CVEO
CVEO
CWT
CWT
Operating Cash FlowLast quarter
$19.3M
$47.9M
Free Cash FlowOCF − Capex
$14.5M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
4.17×
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
CWT
CWT
Q4 25
$19.3M
$47.9M
Q3 25
$13.8M
$167.3M
Q2 25
$-2.3M
$48.9M
Q1 25
$-8.4M
$38.4M
Q4 24
$9.5M
$68.1M
Q3 24
$35.7M
$101.8M
Q2 24
$32.4M
$94.4M
Q1 24
$6.0M
$26.5M
Free Cash Flow
CVEO
CVEO
CWT
CWT
Q4 25
$14.5M
Q3 25
$8.2M
Q2 25
$-6.8M
Q1 25
$-13.7M
Q4 24
$1.8M
Q3 24
$28.2M
Q2 24
$27.0M
Q1 24
$372.0K
FCF Margin
CVEO
CVEO
CWT
CWT
Q4 25
8.9%
Q3 25
4.8%
Q2 25
-4.2%
Q1 25
-9.5%
Q4 24
1.2%
Q3 24
16.0%
Q2 24
14.3%
Q1 24
0.2%
Capex Intensity
CVEO
CVEO
CWT
CWT
Q4 25
3.0%
Q3 25
3.3%
Q2 25
2.8%
Q1 25
3.7%
Q4 24
5.1%
Q3 24
4.2%
Q2 24
2.8%
Q1 24
3.4%
Cash Conversion
CVEO
CVEO
CWT
CWT
Q4 25
4.17×
Q3 25
2.73×
Q2 25
1.16×
Q1 25
2.88×
Q4 24
3.50×
Q3 24
1.68×
Q2 24
3.93×
2.33×
Q1 24
0.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CVEO
CVEO

Segment breakdown not available.

CWT
CWT

Residential$133.2M63%
Business$47.7M23%
Public Authorities$13.4M6%
Industrial$6.9M3%
Non Regulated Services$4.8M2%
Other Non Regulated Service$1.2M1%

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