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Side-by-side financial comparison of Civeo Corp (CVEO) and Enphase Energy (ENPH). Click either name above to swap in a different company.
Enphase Energy is the larger business by last-quarter revenue ($282.9M vs $161.6M, roughly 1.8× Civeo Corp). Enphase Energy runs the higher net margin — -2.6% vs -4.0%, a 1.4% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -20.6%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $14.5M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% CAGR vs -3.4%).
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.
Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize solar micro-inverters, which convert the direct current (DC) power generated by solar panels into grid-compatible alternating current (AC) for use or export.
CVEO vs ENPH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $282.9M |
| Net Profit | $-6.5M | $-7.4M |
| Gross Margin | 22.7% | 35.5% |
| Operating Margin | -0.1% | — |
| Net Margin | -4.0% | -2.6% |
| Revenue YoY | 7.1% | -20.6% |
| Net Profit YoY | 58.1% | -124.9% |
| EPS (diluted) | $-0.58 | $-0.06 |
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.
| Q1 26 | — | $282.9M | ||
| Q4 25 | $161.6M | $343.3M | ||
| Q3 25 | $170.5M | $410.4M | ||
| Q2 25 | $162.7M | $363.2M | ||
| Q1 25 | $144.0M | $356.1M | ||
| Q4 24 | $151.0M | $382.7M | ||
| Q3 24 | $176.3M | $380.9M | ||
| Q2 24 | $188.7M | $303.5M |
| Q1 26 | — | $-7.4M | ||
| Q4 25 | $-6.5M | $38.7M | ||
| Q3 25 | $-455.0K | $66.6M | ||
| Q2 25 | $-3.3M | $37.1M | ||
| Q1 25 | $-9.8M | $29.7M | ||
| Q4 24 | $-15.4M | $62.2M | ||
| Q3 24 | $-5.1M | $45.8M | ||
| Q2 24 | $8.2M | $10.8M |
| Q1 26 | — | 35.5% | ||
| Q4 25 | 22.7% | 44.3% | ||
| Q3 25 | 25.7% | 47.8% | ||
| Q2 25 | 25.3% | 46.9% | ||
| Q1 25 | 20.4% | 47.2% | ||
| Q4 24 | 18.6% | 51.8% | ||
| Q3 24 | 21.4% | 46.8% | ||
| Q2 24 | 25.4% | 45.2% |
| Q1 26 | — | — | ||
| Q4 25 | -0.1% | 6.5% | ||
| Q3 25 | 4.1% | 16.1% | ||
| Q2 25 | 1.7% | 10.2% | ||
| Q1 25 | -3.8% | 9.0% | ||
| Q4 24 | -6.7% | 14.3% | ||
| Q3 24 | 0.0% | 13.1% | ||
| Q2 24 | 6.9% | 0.6% |
| Q1 26 | — | -2.6% | ||
| Q4 25 | -4.0% | 11.3% | ||
| Q3 25 | -0.3% | 16.2% | ||
| Q2 25 | -2.0% | 10.2% | ||
| Q1 25 | -6.8% | 8.3% | ||
| Q4 24 | -10.2% | 16.2% | ||
| Q3 24 | -2.9% | 12.0% | ||
| Q2 24 | 4.4% | 3.6% |
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $-0.58 | $0.29 | ||
| Q3 25 | $-0.04 | $0.50 | ||
| Q2 25 | $-0.25 | $0.28 | ||
| Q1 25 | $-0.72 | $0.22 | ||
| Q4 24 | $-1.04 | $0.46 | ||
| Q3 24 | $-0.36 | $0.33 | ||
| Q2 24 | $0.56 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $14.4M | $497.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $174.4M | $1.1B |
| Total Assets | $477.4M | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $497.5M | ||
| Q4 25 | $14.4M | $1.5B | ||
| Q3 25 | $12.0M | $1.5B | ||
| Q2 25 | $14.6M | $1.5B | ||
| Q1 25 | $28.4M | $1.5B | ||
| Q4 24 | $5.2M | $1.6B | ||
| Q3 24 | $17.9M | $1.8B | ||
| Q2 24 | $7.4M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $43.3M | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $174.4M | $1.1B | ||
| Q3 25 | $182.5M | $995.0M | ||
| Q2 25 | $209.4M | $880.6M | ||
| Q1 25 | $220.7M | $810.7M | ||
| Q4 24 | $236.4M | $833.0M | ||
| Q3 24 | $282.2M | $931.4M | ||
| Q2 24 | $297.4M | $884.5M |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $477.4M | $3.5B | ||
| Q3 25 | $491.1M | $3.3B | ||
| Q2 25 | $508.8M | $3.2B | ||
| Q1 25 | $423.8M | $3.1B | ||
| Q4 24 | $405.1M | $3.2B | ||
| Q3 24 | $477.6M | $3.3B | ||
| Q2 24 | $483.2M | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.37× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | 0.18× | 1.56× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 1.47× |
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 | $19.3M | $102.9M |
| Free Cash FlowOCF − Capex | $14.5M | $83.0M |
| FCF MarginFCF / Revenue | 8.9% | 29.3% |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $145.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $102.9M | ||
| Q4 25 | $19.3M | $47.6M | ||
| Q3 25 | $13.8M | $13.9M | ||
| Q2 25 | $-2.3M | $26.6M | ||
| Q1 25 | $-8.4M | $48.4M | ||
| Q4 24 | $9.5M | $167.3M | ||
| Q3 24 | $35.7M | $170.1M | ||
| Q2 24 | $32.4M | $127.1M |
| Q1 26 | — | $83.0M | ||
| Q4 25 | $14.5M | $37.8M | ||
| Q3 25 | $8.2M | $5.9M | ||
| Q2 25 | $-6.8M | $18.4M | ||
| Q1 25 | $-13.7M | $33.8M | ||
| Q4 24 | $1.8M | $159.2M | ||
| Q3 24 | $28.2M | $161.6M | ||
| Q2 24 | $27.0M | $117.4M |
| Q1 26 | — | 29.3% | ||
| Q4 25 | 8.9% | 11.0% | ||
| Q3 25 | 4.8% | 1.4% | ||
| Q2 25 | -4.2% | 5.1% | ||
| Q1 25 | -9.5% | 9.5% | ||
| Q4 24 | 1.2% | 41.6% | ||
| Q3 24 | 16.0% | 42.4% | ||
| Q2 24 | 14.3% | 38.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 2.8% | ||
| Q3 25 | 3.3% | 2.0% | ||
| Q2 25 | 2.8% | 2.3% | ||
| Q1 25 | 3.7% | 4.1% | ||
| Q4 24 | 5.1% | 2.1% | ||
| Q3 24 | 4.2% | 2.2% | ||
| Q2 24 | 2.8% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 2.69× | ||
| Q3 24 | — | 3.72× | ||
| Q2 24 | 3.93× | 11.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
