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Side-by-side financial comparison of Civeo Corp (CVEO) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $143.5M, roughly 1.1× FTAI Infrastructure Inc.). Civeo Corp runs the higher net margin — -4.0% vs -68.1%, a 64.1% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 7.1%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% 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.
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
CVEO vs FIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $143.5M |
| Net Profit | $-6.5M | $-97.7M |
| Gross Margin | 22.7% | — |
| Operating Margin | -0.1% | -45.7% |
| Net Margin | -4.0% | -68.1% |
| Revenue YoY | 7.1% | 77.7% |
| Net Profit YoY | 58.1% | 21.6% |
| EPS (diluted) | $-0.58 | $-1.04 |
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 | $161.6M | $143.5M | ||
| Q3 25 | $170.5M | $140.6M | ||
| Q2 25 | $162.7M | $122.3M | ||
| Q1 25 | $144.0M | $96.2M | ||
| Q4 24 | $151.0M | $80.8M | ||
| Q3 24 | $176.3M | $83.3M | ||
| Q2 24 | $188.7M | $84.9M | ||
| Q1 24 | $166.1M | $82.5M |
| Q4 25 | $-6.5M | $-97.7M | ||
| Q3 25 | $-455.0K | $-104.5M | ||
| Q2 25 | $-3.3M | $-70.0M | ||
| Q1 25 | $-9.8M | $120.2M | ||
| Q4 24 | $-15.4M | $-124.7M | ||
| Q3 24 | $-5.1M | $-43.0M | ||
| Q2 24 | $8.2M | $-48.1M | ||
| Q1 24 | $-5.1M | $-50.3M |
| 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% | — |
| Q4 25 | -0.1% | -45.7% | ||
| Q3 25 | 4.1% | -70.8% | ||
| Q2 25 | 1.7% | -56.4% | ||
| Q1 25 | -3.8% | 81.8% | ||
| Q4 24 | -6.7% | -152.7% | ||
| Q3 24 | 0.0% | -51.7% | ||
| Q2 24 | 6.9% | -56.4% | ||
| Q1 24 | -1.1% | -58.8% |
| Q4 25 | -4.0% | -68.1% | ||
| Q3 25 | -0.3% | -74.4% | ||
| Q2 25 | -2.0% | -57.2% | ||
| Q1 25 | -6.8% | 125.0% | ||
| Q4 24 | -10.2% | -154.4% | ||
| Q3 24 | -2.9% | -51.6% | ||
| Q2 24 | 4.4% | -56.7% | ||
| Q1 24 | -3.1% | -60.9% |
| Q4 25 | $-0.58 | $-1.04 | ||
| Q3 25 | $-0.04 | $-1.38 | ||
| Q2 25 | $-0.25 | $-0.73 | ||
| Q1 25 | $-0.72 | $0.89 | ||
| Q4 24 | $-1.04 | $-1.21 | ||
| Q3 24 | $-0.36 | $-0.45 | ||
| Q2 24 | $0.56 | $-0.52 | ||
| Q1 24 | $-0.35 | $-0.54 |
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 | $57.4M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $174.4M | $21.3M |
| Total Assets | $477.4M | $5.7B |
| Debt / EquityLower = less leverage | — | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $57.4M | ||
| Q3 25 | $12.0M | $34.7M | ||
| Q2 25 | $14.6M | $33.6M | ||
| Q1 25 | $28.4M | $26.3M | ||
| Q4 24 | $5.2M | $27.8M | ||
| Q3 24 | $17.9M | $20.3M | ||
| Q2 24 | $7.4M | $33.1M | ||
| Q1 24 | $16.8M | $23.0M |
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $43.3M | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $174.4M | $21.3M | ||
| Q3 25 | $182.5M | $181.1M | ||
| Q2 25 | $209.4M | $375.5M | ||
| Q1 25 | $220.7M | $476.2M | ||
| Q4 24 | $236.4M | $202.7M | ||
| Q3 24 | $282.2M | $370.8M | ||
| Q2 24 | $297.4M | $394.8M | ||
| Q1 24 | $297.4M | $402.5M |
| Q4 25 | $477.4M | $5.7B | ||
| Q3 25 | $491.1M | $5.5B | ||
| Q2 25 | $508.8M | $4.4B | ||
| Q1 25 | $423.8M | $4.1B | ||
| Q4 24 | $405.1M | $2.4B | ||
| Q3 24 | $477.6M | $2.4B | ||
| Q2 24 | $483.2M | $2.5B | ||
| Q1 24 | $513.1M | $2.3B |
| Q4 25 | — | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | 0.18× | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× | ||
| Q1 24 | — | 3.34× |
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 | $-2.8M |
| Free Cash FlowOCF − Capex | $14.5M | $-68.6M |
| FCF MarginFCF / Revenue | 8.9% | -47.8% |
| Capex IntensityCapex / Revenue | 3.0% | 45.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $-2.8M | ||
| Q3 25 | $13.8M | $-24.4M | ||
| Q2 25 | $-2.3M | $-5.2M | ||
| Q1 25 | $-8.4M | $-85.7M | ||
| Q4 24 | $9.5M | $-8.1M | ||
| Q3 24 | $35.7M | $14.2M | ||
| Q2 24 | $32.4M | $-17.6M | ||
| Q1 24 | $6.0M | $-3.9M |
| Q4 25 | $14.5M | $-68.6M | ||
| Q3 25 | $8.2M | $-90.7M | ||
| Q2 25 | $-6.8M | $-87.5M | ||
| Q1 25 | $-13.7M | $-151.7M | ||
| Q4 24 | $1.8M | $-34.3M | ||
| Q3 24 | $28.2M | $-11.7M | ||
| Q2 24 | $27.0M | $-32.1M | ||
| Q1 24 | $372.0K | $-16.7M |
| Q4 25 | 8.9% | -47.8% | ||
| Q3 25 | 4.8% | -64.5% | ||
| Q2 25 | -4.2% | -71.6% | ||
| Q1 25 | -9.5% | -157.7% | ||
| Q4 24 | 1.2% | -42.4% | ||
| Q3 24 | 16.0% | -14.0% | ||
| Q2 24 | 14.3% | -37.9% | ||
| Q1 24 | 0.2% | -20.3% |
| Q4 25 | 3.0% | 45.9% | ||
| Q3 25 | 3.3% | 47.2% | ||
| Q2 25 | 2.8% | 67.3% | ||
| Q1 25 | 3.7% | 68.6% | ||
| Q4 24 | 5.1% | 32.5% | ||
| Q3 24 | 4.2% | 31.1% | ||
| Q2 24 | 2.8% | 17.2% | ||
| Q1 24 | 3.4% | 15.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.93× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVEO
Segment breakdown not available.
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
