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Side-by-side financial comparison of Civeo Corp (CVEO) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $101.1M, roughly 1.6× FORRESTER RESEARCH, INC.). Civeo Corp runs the higher net margin — -4.0% vs -33.5%, a 29.5% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -6.5%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $-4.3M). Over the past eight quarters, FORRESTER RESEARCH, INC.'s revenue compounded faster (0.5% 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.
Forrester Research, Inc. is a research and advisory firm working in research, consulting and events. Forrester’s clients include large global business, technology and consumer enterprises. The firm is headquartered in Cambridge, MA.
CVEO vs FORR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $101.1M |
| Net Profit | $-6.5M | $-33.9M |
| Gross Margin | 22.7% | 56.7% |
| Operating Margin | -0.1% | -36.6% |
| Net Margin | -4.0% | -33.5% |
| Revenue YoY | 7.1% | -6.5% |
| Net Profit YoY | 58.1% | -7941.4% |
| EPS (diluted) | $-0.58 | $-1.75 |
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 | $101.1M | ||
| Q3 25 | $170.5M | $94.3M | ||
| Q2 25 | $162.7M | $111.7M | ||
| Q1 25 | $144.0M | $89.9M | ||
| Q4 24 | $151.0M | $108.0M | ||
| Q3 24 | $176.3M | $102.5M | ||
| Q2 24 | $188.7M | $121.8M | ||
| Q1 24 | $166.1M | $100.1M |
| Q4 25 | $-6.5M | $-33.9M | ||
| Q3 25 | $-455.0K | $-2.1M | ||
| Q2 25 | $-3.3M | $3.9M | ||
| Q1 25 | $-9.8M | $-87.3M | ||
| Q4 24 | $-15.4M | $432.0K | ||
| Q3 24 | $-5.1M | $-5.8M | ||
| Q2 24 | $8.2M | $6.3M | ||
| Q1 24 | $-5.1M | $-6.7M |
| Q4 25 | 22.7% | 56.7% | ||
| Q3 25 | 25.7% | 60.0% | ||
| Q2 25 | 25.3% | 55.5% | ||
| Q1 25 | 20.4% | 55.9% | ||
| Q4 24 | 18.6% | 58.8% | ||
| Q3 24 | 21.4% | 60.5% | ||
| Q2 24 | 25.4% | 57.3% | ||
| Q1 24 | 21.5% | 54.9% |
| Q4 25 | -0.1% | -36.6% | ||
| Q3 25 | 4.1% | 4.7% | ||
| Q2 25 | 1.7% | 6.2% | ||
| Q1 25 | -3.8% | -97.5% | ||
| Q4 24 | -6.7% | -0.5% | ||
| Q3 24 | 0.0% | -0.7% | ||
| Q2 24 | 6.9% | 9.3% | ||
| Q1 24 | -1.1% | -9.3% |
| Q4 25 | -4.0% | -33.5% | ||
| Q3 25 | -0.3% | -2.3% | ||
| Q2 25 | -2.0% | 3.5% | ||
| Q1 25 | -6.8% | -97.1% | ||
| Q4 24 | -10.2% | 0.4% | ||
| Q3 24 | -2.9% | -5.7% | ||
| Q2 24 | 4.4% | 5.2% | ||
| Q1 24 | -3.1% | -6.7% |
| Q4 25 | $-0.58 | $-1.75 | ||
| Q3 25 | $-0.04 | $-0.11 | ||
| Q2 25 | $-0.25 | $0.20 | ||
| Q1 25 | $-0.72 | $-4.62 | ||
| Q4 24 | $-1.04 | $0.02 | ||
| Q3 24 | $-0.36 | $-0.30 | ||
| Q2 24 | $0.56 | $0.33 | ||
| Q1 24 | $-0.35 | $-0.35 |
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 | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $174.4M | $126.5M |
| Total Assets | $477.4M | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $63.3M | ||
| Q3 25 | $12.0M | $65.1M | ||
| Q2 25 | $14.6M | $67.8M | ||
| Q1 25 | $28.4M | $75.6M | ||
| Q4 24 | $5.2M | $56.1M | ||
| Q3 24 | $17.9M | $62.8M | ||
| Q2 24 | $7.4M | $58.9M | ||
| Q1 24 | $16.8M | $61.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $174.4M | $126.5M | ||
| Q3 25 | $182.5M | $157.7M | ||
| Q2 25 | $209.4M | $159.5M | ||
| Q1 25 | $220.7M | $147.4M | ||
| Q4 24 | $236.4M | $229.5M | ||
| Q3 24 | $282.2M | $234.3M | ||
| Q2 24 | $297.4M | $237.1M | ||
| Q1 24 | $297.4M | $230.9M |
| Q4 25 | $477.4M | $404.0M | ||
| Q3 25 | $491.1M | $414.2M | ||
| Q2 25 | $508.8M | $436.0M | ||
| Q1 25 | $423.8M | $439.8M | ||
| Q4 24 | $405.1M | $503.9M | ||
| Q3 24 | $477.6M | $505.3M | ||
| Q2 24 | $483.2M | $524.2M | ||
| Q1 24 | $513.1M | $555.7M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.3M | $-3.2M |
| Free Cash FlowOCF − Capex | $14.5M | $-4.3M |
| FCF MarginFCF / Revenue | 8.9% | -4.2% |
| Capex IntensityCapex / Revenue | 3.0% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $-3.2M | ||
| Q3 25 | $13.8M | $1.2M | ||
| Q2 25 | $-2.3M | $-3.6M | ||
| Q1 25 | $-8.4M | $26.7M | ||
| Q4 24 | $9.5M | $-1.8M | ||
| Q3 24 | $35.7M | $264.0K | ||
| Q2 24 | $32.4M | $-2.9M | ||
| Q1 24 | $6.0M | $611.0K |
| Q4 25 | $14.5M | $-4.3M | ||
| Q3 25 | $8.2M | $524.0K | ||
| Q2 25 | $-6.8M | $-4.2M | ||
| Q1 25 | $-13.7M | $26.1M | ||
| Q4 24 | $1.8M | $-2.5M | ||
| Q3 24 | $28.2M | $-223.0K | ||
| Q2 24 | $27.0M | $-3.7M | ||
| Q1 24 | $372.0K | $-815.0K |
| Q4 25 | 8.9% | -4.2% | ||
| Q3 25 | 4.8% | 0.6% | ||
| Q2 25 | -4.2% | -3.8% | ||
| Q1 25 | -9.5% | 29.0% | ||
| Q4 24 | 1.2% | -2.3% | ||
| Q3 24 | 16.0% | -0.2% | ||
| Q2 24 | 14.3% | -3.1% | ||
| Q1 24 | 0.2% | -0.8% |
| Q4 25 | 3.0% | 1.1% | ||
| Q3 25 | 3.3% | 0.7% | ||
| Q2 25 | 2.8% | 0.5% | ||
| Q1 25 | 3.7% | 0.7% | ||
| Q4 24 | 5.1% | 0.6% | ||
| Q3 24 | 4.2% | 0.5% | ||
| Q2 24 | 2.8% | 0.7% | ||
| Q1 24 | 3.4% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.93× | -0.46× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVEO
Segment breakdown not available.
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
