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Side-by-side financial comparison of Civeo Corp (CVEO) and DHT Holdings, Inc. (DHT). Click either name above to swap in a different company.

Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $107.3M, roughly 1.5× DHT Holdings, Inc.). DHT Holdings, Inc. runs the higher net margin — 41.7% vs -4.0%, a 45.7% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -24.5%).

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.

DHT Holdings, Inc. is an independent international crude oil tanker operator that owns and manages a fleet of very large crude carriers. It offers marine transportation services for crude oil across major global trade routes, serving clients including leading oil producers, refineries, and commodity trading enterprises worldwide.

CVEO vs DHT — Head-to-Head

Bigger by revenue
CVEO
CVEO
1.5× larger
CVEO
$161.6M
$107.3M
DHT
Growing faster (revenue YoY)
CVEO
CVEO
+31.5% gap
CVEO
7.1%
-24.5%
DHT
Higher net margin
DHT
DHT
45.7% more per $
DHT
41.7%
-4.0%
CVEO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CVEO
CVEO
DHT
DHT
Revenue
$161.6M
$107.3M
Net Profit
$-6.5M
$44.8M
Gross Margin
22.7%
Operating Margin
-0.1%
44.2%
Net Margin
-4.0%
41.7%
Revenue YoY
7.1%
-24.5%
Net Profit YoY
58.1%
27.3%
EPS (diluted)
$-0.58
$0.28

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
DHT
DHT
Q4 25
$161.6M
Q3 25
$170.5M
$107.3M
Q2 25
$162.7M
Q1 25
$144.0M
Q4 24
$151.0M
Q3 24
$176.3M
$142.1M
Q2 24
$188.7M
Q1 24
$166.1M
Net Profit
CVEO
CVEO
DHT
DHT
Q4 25
$-6.5M
Q3 25
$-455.0K
$44.8M
Q2 25
$-3.3M
Q1 25
$-9.8M
Q4 24
$-15.4M
Q3 24
$-5.1M
$35.2M
Q2 24
$8.2M
Q1 24
$-5.1M
Gross Margin
CVEO
CVEO
DHT
DHT
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
DHT
DHT
Q4 25
-0.1%
Q3 25
4.1%
44.2%
Q2 25
1.7%
Q1 25
-3.8%
Q4 24
-6.7%
Q3 24
0.0%
29.7%
Q2 24
6.9%
Q1 24
-1.1%
Net Margin
CVEO
CVEO
DHT
DHT
Q4 25
-4.0%
Q3 25
-0.3%
41.7%
Q2 25
-2.0%
Q1 25
-6.8%
Q4 24
-10.2%
Q3 24
-2.9%
24.8%
Q2 24
4.4%
Q1 24
-3.1%
EPS (diluted)
CVEO
CVEO
DHT
DHT
Q4 25
$-0.58
Q3 25
$-0.04
$0.28
Q2 25
$-0.25
Q1 25
$-0.72
Q4 24
$-1.04
Q3 24
$-0.36
$0.22
Q2 24
$0.56
Q1 24
$-0.35

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
DHT
DHT
Cash + ST InvestmentsLiquidity on hand
$14.4M
$81.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.4M
$1.1B
Total Assets
$477.4M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
DHT
DHT
Q4 25
$14.4M
Q3 25
$12.0M
$81.3M
Q2 25
$14.6M
Q1 25
$28.4M
Q4 24
$5.2M
Q3 24
$17.9M
$73.8M
Q2 24
$7.4M
Q1 24
$16.8M
Total Debt
CVEO
CVEO
DHT
DHT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$43.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CVEO
CVEO
DHT
DHT
Q4 25
$174.4M
Q3 25
$182.5M
$1.1B
Q2 25
$209.4M
Q1 25
$220.7M
Q4 24
$236.4M
Q3 24
$282.2M
$1.0B
Q2 24
$297.4M
Q1 24
$297.4M
Total Assets
CVEO
CVEO
DHT
DHT
Q4 25
$477.4M
Q3 25
$491.1M
$1.4B
Q2 25
$508.8M
Q1 25
$423.8M
Q4 24
$405.1M
Q3 24
$477.6M
$1.5B
Q2 24
$483.2M
Q1 24
$513.1M
Debt / Equity
CVEO
CVEO
DHT
DHT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.18×
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
DHT
DHT
Operating Cash FlowLast quarter
$19.3M
$60.9M
Free Cash FlowOCF − Capex
$14.5M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
DHT
DHT
Q4 25
$19.3M
Q3 25
$13.8M
$60.9M
Q2 25
$-2.3M
Q1 25
$-8.4M
Q4 24
$9.5M
Q3 24
$35.7M
$80.1M
Q2 24
$32.4M
Q1 24
$6.0M
Free Cash Flow
CVEO
CVEO
DHT
DHT
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
DHT
DHT
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
DHT
DHT
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
DHT
DHT
Q4 25
Q3 25
1.36×
Q2 25
Q1 25
Q4 24
Q3 24
2.28×
Q2 24
3.93×
Q1 24

Financial Flow Comparison

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

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