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

Freshpet, Inc. is the larger business by last-quarter revenue ($297.6M vs $161.6M, roughly 1.8× Civeo Corp). Freshpet, Inc. runs the higher net margin — 16.3% vs -4.0%, a 20.3% gap on every dollar of revenue. On growth, Freshpet, Inc. posted the faster year-over-year revenue change (13.1% vs 7.1%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $12.7M). Over the past eight quarters, Freshpet, Inc.'s revenue compounded faster (12.5% 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.

Freshpet, Inc. is an American pet food company. Its cat food and dog food products are marketed as fresh and need to be kept refrigerated. It is listed on the Nasdaq exchange with the ticker symbol FRPT.

CVEO vs FRPT — Head-to-Head

Bigger by revenue
FRPT
FRPT
1.8× larger
FRPT
$297.6M
$161.6M
CVEO
Growing faster (revenue YoY)
FRPT
FRPT
+6.0% gap
FRPT
13.1%
7.1%
CVEO
Higher net margin
FRPT
FRPT
20.3% more per $
FRPT
16.3%
-4.0%
CVEO
More free cash flow
CVEO
CVEO
$1.7M more FCF
CVEO
$14.5M
$12.7M
FRPT
Faster 2-yr revenue CAGR
FRPT
FRPT
Annualised
FRPT
12.5%
-1.4%
CVEO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CVEO
CVEO
FRPT
FRPT
Revenue
$161.6M
$297.6M
Net Profit
$-6.5M
$48.5M
Gross Margin
22.7%
40.5%
Operating Margin
-0.1%
Net Margin
-4.0%
16.3%
Revenue YoY
7.1%
13.1%
Net Profit YoY
58.1%
482.0%
EPS (diluted)
$-0.58

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
FRPT
FRPT
Q1 26
$297.6M
Q4 25
$161.6M
$285.2M
Q3 25
$170.5M
$288.8M
Q2 25
$162.7M
$264.7M
Q1 25
$144.0M
$263.2M
Q4 24
$151.0M
$262.7M
Q3 24
$176.3M
$253.4M
Q2 24
$188.7M
$235.3M
Net Profit
CVEO
CVEO
FRPT
FRPT
Q1 26
$48.5M
Q4 25
$-6.5M
$33.8M
Q3 25
$-455.0K
$101.7M
Q2 25
$-3.3M
$16.4M
Q1 25
$-9.8M
$-12.7M
Q4 24
$-15.4M
$18.1M
Q3 24
$-5.1M
$11.9M
Q2 24
$8.2M
$-1.7M
Gross Margin
CVEO
CVEO
FRPT
FRPT
Q1 26
40.5%
Q4 25
22.7%
43.3%
Q3 25
25.7%
39.5%
Q2 25
25.3%
40.9%
Q1 25
20.4%
39.4%
Q4 24
18.6%
42.5%
Q3 24
21.4%
40.4%
Q2 24
25.4%
39.9%
Operating Margin
CVEO
CVEO
FRPT
FRPT
Q1 26
Q4 25
-0.1%
15.6%
Q3 25
4.1%
8.6%
Q2 25
1.7%
6.7%
Q1 25
-3.8%
-4.4%
Q4 24
-6.7%
7.4%
Q3 24
0.0%
4.7%
Q2 24
6.9%
-0.7%
Net Margin
CVEO
CVEO
FRPT
FRPT
Q1 26
16.3%
Q4 25
-4.0%
11.9%
Q3 25
-0.3%
35.2%
Q2 25
-2.0%
6.2%
Q1 25
-6.8%
-4.8%
Q4 24
-10.2%
6.9%
Q3 24
-2.9%
4.7%
Q2 24
4.4%
-0.7%
EPS (diluted)
CVEO
CVEO
FRPT
FRPT
Q1 26
Q4 25
$-0.58
$0.71
Q3 25
$-0.04
$1.86
Q2 25
$-0.25
$0.33
Q1 25
$-0.72
$-0.26
Q4 24
$-1.04
$0.35
Q3 24
$-0.36
$0.24
Q2 24
$0.56
$-0.03

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
FRPT
FRPT
Cash + ST InvestmentsLiquidity on hand
$14.4M
$381.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.4M
$1.3B
Total Assets
$477.4M
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
FRPT
FRPT
Q1 26
$381.4M
Q4 25
$14.4M
$278.0M
Q3 25
$12.0M
$274.6M
Q2 25
$14.6M
$243.7M
Q1 25
$28.4M
$243.7M
Q4 24
$5.2M
$268.6M
Q3 24
$17.9M
$274.6M
Q2 24
$7.4M
$251.7M
Total Debt
CVEO
CVEO
FRPT
FRPT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$43.3M
Q3 24
Q2 24
Stockholders' Equity
CVEO
CVEO
FRPT
FRPT
Q1 26
$1.3B
Q4 25
$174.4M
$1.2B
Q3 25
$182.5M
$1.2B
Q2 25
$209.4M
$1.1B
Q1 25
$220.7M
$1.0B
Q4 24
$236.4M
$1.1B
Q3 24
$282.2M
$1.0B
Q2 24
$297.4M
$995.8M
Total Assets
CVEO
CVEO
FRPT
FRPT
Q1 26
$1.8B
Q4 25
$477.4M
$1.8B
Q3 25
$491.1M
$1.7B
Q2 25
$508.8M
$1.6B
Q1 25
$423.8M
$1.6B
Q4 24
$405.1M
$1.6B
Q3 24
$477.6M
$1.5B
Q2 24
$483.2M
$1.5B
Debt / Equity
CVEO
CVEO
FRPT
FRPT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.18×
Q3 24
Q2 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
FRPT
FRPT
Operating Cash FlowLast quarter
$19.3M
Free Cash FlowOCF − Capex
$14.5M
$12.7M
FCF MarginFCF / Revenue
8.9%
4.3%
Capex IntensityCapex / Revenue
3.0%
9.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$46.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
FRPT
FRPT
Q1 26
Q4 25
$19.3M
$55.1M
Q3 25
$13.8M
$66.8M
Q2 25
$-2.3M
$33.9M
Q1 25
$-8.4M
$4.8M
Q4 24
$9.5M
$50.4M
Q3 24
$35.7M
$56.1M
Q2 24
$32.4M
$42.4M
Free Cash Flow
CVEO
CVEO
FRPT
FRPT
Q1 26
$12.7M
Q4 25
$14.5M
$2.1M
Q3 25
$8.2M
$31.6M
Q2 25
$-6.8M
$445.0K
Q1 25
$-13.7M
$-21.7M
Q4 24
$1.8M
$-7.9M
Q3 24
$28.2M
$22.1M
Q2 24
$27.0M
$-5.9M
FCF Margin
CVEO
CVEO
FRPT
FRPT
Q1 26
4.3%
Q4 25
8.9%
0.7%
Q3 25
4.8%
10.9%
Q2 25
-4.2%
0.2%
Q1 25
-9.5%
-8.2%
Q4 24
1.2%
-3.0%
Q3 24
16.0%
8.7%
Q2 24
14.3%
-2.5%
Capex Intensity
CVEO
CVEO
FRPT
FRPT
Q1 26
9.3%
Q4 25
3.0%
18.6%
Q3 25
3.3%
12.2%
Q2 25
2.8%
12.6%
Q1 25
3.7%
10.1%
Q4 24
5.1%
22.2%
Q3 24
4.2%
13.4%
Q2 24
2.8%
20.5%
Cash Conversion
CVEO
CVEO
FRPT
FRPT
Q1 26
Q4 25
1.63×
Q3 25
0.66×
Q2 25
2.07×
Q1 25
Q4 24
2.78×
Q3 24
4.72×
Q2 24
3.93×

Financial Flow Comparison

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

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