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Side-by-side financial comparison of Civeo Corp (CVEO) and FORMFACTOR INC (FORM). Click either name above to swap in a different company.

FORMFACTOR INC is the larger business by last-quarter revenue ($215.2M vs $161.6M, roughly 1.3× Civeo Corp). FORMFACTOR INC runs the higher net margin — 10.8% vs -4.0%, a 14.8% gap on every dollar of revenue. On growth, FORMFACTOR INC posted the faster year-over-year revenue change (13.6% vs 7.1%). FORMFACTOR INC produced more free cash flow last quarter ($34.7M vs $14.5M). Over the past eight quarters, FORMFACTOR INC's revenue compounded faster (12.9% 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.

Formfactor, Inc. is a provider of test and measurement technologies for integrated circuits, with its headquarters in Livermore, California. It provides semiconductor companies with products to improve device performance and provide test and measurement technologies for integrated circuits.

CVEO vs FORM — Head-to-Head

Bigger by revenue
FORM
FORM
1.3× larger
FORM
$215.2M
$161.6M
CVEO
Growing faster (revenue YoY)
FORM
FORM
+6.5% gap
FORM
13.6%
7.1%
CVEO
Higher net margin
FORM
FORM
14.8% more per $
FORM
10.8%
-4.0%
CVEO
More free cash flow
FORM
FORM
$20.2M more FCF
FORM
$34.7M
$14.5M
CVEO
Faster 2-yr revenue CAGR
FORM
FORM
Annualised
FORM
12.9%
-1.4%
CVEO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVEO
CVEO
FORM
FORM
Revenue
$161.6M
$215.2M
Net Profit
$-6.5M
$23.2M
Gross Margin
22.7%
42.2%
Operating Margin
-0.1%
10.9%
Net Margin
-4.0%
10.8%
Revenue YoY
7.1%
13.6%
Net Profit YoY
58.1%
139.2%
EPS (diluted)
$-0.58
$0.29

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
FORM
FORM
Q4 25
$161.6M
$215.2M
Q3 25
$170.5M
$202.7M
Q2 25
$162.7M
$195.8M
Q1 25
$144.0M
$171.4M
Q4 24
$151.0M
$189.5M
Q3 24
$176.3M
$207.9M
Q2 24
$188.7M
$197.5M
Q1 24
$166.1M
$168.7M
Net Profit
CVEO
CVEO
FORM
FORM
Q4 25
$-6.5M
$23.2M
Q3 25
$-455.0K
$15.7M
Q2 25
$-3.3M
$9.1M
Q1 25
$-9.8M
$6.4M
Q4 24
$-15.4M
$9.7M
Q3 24
$-5.1M
$18.7M
Q2 24
$8.2M
$19.4M
Q1 24
$-5.1M
$21.8M
Gross Margin
CVEO
CVEO
FORM
FORM
Q4 25
22.7%
42.2%
Q3 25
25.7%
39.8%
Q2 25
25.3%
37.3%
Q1 25
20.4%
37.7%
Q4 24
18.6%
38.8%
Q3 24
21.4%
40.7%
Q2 24
25.4%
44.0%
Q1 24
21.5%
37.2%
Operating Margin
CVEO
CVEO
FORM
FORM
Q4 25
-0.1%
10.9%
Q3 25
4.1%
8.9%
Q2 25
1.7%
6.3%
Q1 25
-3.8%
1.9%
Q4 24
-6.7%
4.1%
Q3 24
0.0%
8.6%
Q2 24
6.9%
9.0%
Q1 24
-1.1%
12.6%
Net Margin
CVEO
CVEO
FORM
FORM
Q4 25
-4.0%
10.8%
Q3 25
-0.3%
7.7%
Q2 25
-2.0%
4.6%
Q1 25
-6.8%
3.7%
Q4 24
-10.2%
5.1%
Q3 24
-2.9%
9.0%
Q2 24
4.4%
9.8%
Q1 24
-3.1%
12.9%
EPS (diluted)
CVEO
CVEO
FORM
FORM
Q4 25
$-0.58
$0.29
Q3 25
$-0.04
$0.20
Q2 25
$-0.25
$0.12
Q1 25
$-0.72
$0.08
Q4 24
$-1.04
$0.12
Q3 24
$-0.36
$0.24
Q2 24
$0.56
$0.25
Q1 24
$-0.35
$0.28

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
FORM
FORM
Cash + ST InvestmentsLiquidity on hand
$14.4M
$103.3M
Total DebtLower is stronger
$12.2M
Stockholders' EquityBook value
$174.4M
$1.0B
Total Assets
$477.4M
$1.2B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
FORM
FORM
Q4 25
$14.4M
$103.3M
Q3 25
$12.0M
$266.0M
Q2 25
$14.6M
$249.3M
Q1 25
$28.4M
$299.0M
Q4 24
$5.2M
$360.0M
Q3 24
$17.9M
$354.5M
Q2 24
$7.4M
$357.6M
Q1 24
$16.8M
$349.2M
Total Debt
CVEO
CVEO
FORM
FORM
Q4 25
$12.2M
Q3 25
Q2 25
Q1 25
Q4 24
$43.3M
$13.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CVEO
CVEO
FORM
FORM
Q4 25
$174.4M
$1.0B
Q3 25
$182.5M
$1.0B
Q2 25
$209.4M
$990.0M
Q1 25
$220.7M
$965.9M
Q4 24
$236.4M
$947.8M
Q3 24
$282.2M
$955.0M
Q2 24
$297.4M
$947.9M
Q1 24
$297.4M
$923.8M
Total Assets
CVEO
CVEO
FORM
FORM
Q4 25
$477.4M
$1.2B
Q3 25
$491.1M
$1.2B
Q2 25
$508.8M
$1.2B
Q1 25
$423.8M
$1.2B
Q4 24
$405.1M
$1.1B
Q3 24
$477.6M
$1.2B
Q2 24
$483.2M
$1.2B
Q1 24
$513.1M
$1.1B
Debt / Equity
CVEO
CVEO
FORM
FORM
Q4 25
0.01×
Q3 25
Q2 25
Q1 25
Q4 24
0.18×
0.01×
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
FORM
FORM
Operating Cash FlowLast quarter
$19.3M
$46.0M
Free Cash FlowOCF − Capex
$14.5M
$34.7M
FCF MarginFCF / Revenue
8.9%
16.1%
Capex IntensityCapex / Revenue
3.0%
5.3%
Cash ConversionOCF / Net Profit
1.98×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$11.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
FORM
FORM
Q4 25
$19.3M
$46.0M
Q3 25
$13.8M
$27.0M
Q2 25
$-2.3M
$18.9M
Q1 25
$-8.4M
$23.5M
Q4 24
$9.5M
$35.9M
Q3 24
$35.7M
$26.7M
Q2 24
$32.4M
$21.9M
Q1 24
$6.0M
$33.0M
Free Cash Flow
CVEO
CVEO
FORM
FORM
Q4 25
$14.5M
$34.7M
Q3 25
$8.2M
$19.5M
Q2 25
$-6.8M
$-47.4M
Q1 25
$-13.7M
$5.0M
Q4 24
$1.8M
$28.3M
Q3 24
$28.2M
$17.8M
Q2 24
$27.0M
$13.5M
Q1 24
$372.0K
$19.6M
FCF Margin
CVEO
CVEO
FORM
FORM
Q4 25
8.9%
16.1%
Q3 25
4.8%
9.6%
Q2 25
-4.2%
-24.2%
Q1 25
-9.5%
2.9%
Q4 24
1.2%
14.9%
Q3 24
16.0%
8.6%
Q2 24
14.3%
6.8%
Q1 24
0.2%
11.6%
Capex Intensity
CVEO
CVEO
FORM
FORM
Q4 25
3.0%
5.3%
Q3 25
3.3%
3.7%
Q2 25
2.8%
33.8%
Q1 25
3.7%
10.8%
Q4 24
5.1%
4.0%
Q3 24
4.2%
4.3%
Q2 24
2.8%
4.3%
Q1 24
3.4%
8.0%
Cash Conversion
CVEO
CVEO
FORM
FORM
Q4 25
1.98×
Q3 25
1.72×
Q2 25
2.08×
Q1 25
3.68×
Q4 24
3.70×
Q3 24
1.43×
Q2 24
3.93×
1.13×
Q1 24
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVEO
CVEO

Segment breakdown not available.

FORM
FORM

Foundry Logic Product Group$92.2M43%
DRAM Product Group$73.3M34%
Systems Product Group$42.3M20%
Flash Product Group$7.4M3%
Transferred Over Time$1.8M1%

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