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Side-by-side financial comparison of Civeo Corp (CVEO) and GREENLIGHT CAPITAL RE, LTD. (GLRE). Click either name above to swap in a different company.

GREENLIGHT CAPITAL RE, LTD. is the larger business by last-quarter revenue ($210.3M vs $161.6M, roughly 1.3× Civeo Corp). GREENLIGHT CAPITAL RE, LTD. runs the higher net margin — 23.4% vs -4.0%, a 27.4% gap on every dollar of revenue. On growth, GREENLIGHT CAPITAL RE, LTD. posted the faster year-over-year revenue change (48.3% vs 7.1%). Over the past eight quarters, GREENLIGHT CAPITAL RE, LTD.'s revenue compounded faster (4.8% 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.

Greenlight Capital is an American hedge fund founded in 1996 by David Einhorn. Greenlight invests primarily in publicly traded North American corporate debt offerings and equities. Greenlight is most notable for its short selling of Lehman stock prior to Lehman Brothers' collapse in 2008 and the $11 million fine they received in January 2012 for insider trading in the UK. Einhorn remains the fund's manager.

CVEO vs GLRE — Head-to-Head

Bigger by revenue
GLRE
GLRE
1.3× larger
GLRE
$210.3M
$161.6M
CVEO
Growing faster (revenue YoY)
GLRE
GLRE
+41.2% gap
GLRE
48.3%
7.1%
CVEO
Higher net margin
GLRE
GLRE
27.4% more per $
GLRE
23.4%
-4.0%
CVEO
Faster 2-yr revenue CAGR
GLRE
GLRE
Annualised
GLRE
4.8%
-1.4%
CVEO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVEO
CVEO
GLRE
GLRE
Revenue
$161.6M
$210.3M
Net Profit
$-6.5M
$49.3M
Gross Margin
22.7%
Operating Margin
-0.1%
Net Margin
-4.0%
23.4%
Revenue YoY
7.1%
48.3%
Net Profit YoY
58.1%
279.7%
EPS (diluted)
$-0.58
$1.43

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
GLRE
GLRE
Q4 25
$161.6M
$210.3M
Q3 25
$170.5M
$146.1M
Q2 25
$162.7M
$160.1M
Q1 25
$144.0M
$213.3M
Q4 24
$151.0M
$141.8M
Q3 24
$176.3M
$188.0M
Q2 24
$188.7M
$174.9M
Q1 24
$166.1M
$191.3M
Net Profit
CVEO
CVEO
GLRE
GLRE
Q4 25
$-6.5M
$49.3M
Q3 25
$-455.0K
$-4.4M
Q2 25
$-3.3M
$329.0K
Q1 25
$-9.8M
$29.6M
Q4 24
$-15.4M
$-27.4M
Q3 24
$-5.1M
$35.2M
Q2 24
$8.2M
$8.0M
Q1 24
$-5.1M
$27.0M
Gross Margin
CVEO
CVEO
GLRE
GLRE
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%
Operating Margin
CVEO
CVEO
GLRE
GLRE
Q4 25
-0.1%
Q3 25
4.1%
Q2 25
1.7%
Q1 25
-3.8%
Q4 24
-6.7%
Q3 24
0.0%
Q2 24
6.9%
Q1 24
-1.1%
Net Margin
CVEO
CVEO
GLRE
GLRE
Q4 25
-4.0%
23.4%
Q3 25
-0.3%
-3.0%
Q2 25
-2.0%
0.2%
Q1 25
-6.8%
13.9%
Q4 24
-10.2%
-19.3%
Q3 24
-2.9%
18.7%
Q2 24
4.4%
4.6%
Q1 24
-3.1%
14.1%
EPS (diluted)
CVEO
CVEO
GLRE
GLRE
Q4 25
$-0.58
$1.43
Q3 25
$-0.04
$-0.13
Q2 25
$-0.25
$0.01
Q1 25
$-0.72
$0.86
Q4 24
$-1.04
$-0.78
Q3 24
$-0.36
$1.01
Q2 24
$0.56
$0.23
Q1 24
$-0.35
$0.78

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
GLRE
GLRE
Cash + ST InvestmentsLiquidity on hand
$14.4M
$111.8M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$174.4M
$708.0M
Total Assets
$477.4M
$2.2B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
GLRE
GLRE
Q4 25
$14.4M
$111.8M
Q3 25
$12.0M
$68.8M
Q2 25
$14.6M
$82.4M
Q1 25
$28.4M
$47.5M
Q4 24
$5.2M
$64.7M
Q3 24
$17.9M
$54.6M
Q2 24
$7.4M
$52.2M
Q1 24
$16.8M
$61.6M
Total Debt
CVEO
CVEO
GLRE
GLRE
Q4 25
$4.7M
Q3 25
$34.7M
Q2 25
$58.9M
Q1 25
$59.8M
Q4 24
$43.3M
$60.7M
Q3 24
$62.6M
Q2 24
$61.6M
Q1 24
$72.5M
Stockholders' Equity
CVEO
CVEO
GLRE
GLRE
Q4 25
$174.4M
$708.0M
Q3 25
$182.5M
$658.9M
Q2 25
$209.4M
$663.3M
Q1 25
$220.7M
$666.8M
Q4 24
$236.4M
$635.9M
Q3 24
$282.2M
$663.4M
Q2 24
$297.4M
$634.0M
Q1 24
$297.4M
$624.5M
Total Assets
CVEO
CVEO
GLRE
GLRE
Q4 25
$477.4M
$2.2B
Q3 25
$491.1M
$2.1B
Q2 25
$508.8M
$2.2B
Q1 25
$423.8M
$2.2B
Q4 24
$405.1M
$2.0B
Q3 24
$477.6M
$2.0B
Q2 24
$483.2M
$1.9B
Q1 24
$513.1M
$1.9B
Debt / Equity
CVEO
CVEO
GLRE
GLRE
Q4 25
0.01×
Q3 25
0.05×
Q2 25
0.09×
Q1 25
0.09×
Q4 24
0.18×
0.10×
Q3 24
0.09×
Q2 24
0.10×
Q1 24
0.12×

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
GLRE
GLRE
Operating Cash FlowLast quarter
$19.3M
$100.2M
Free Cash FlowOCF − Capex
$14.5M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
2.03×
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
GLRE
GLRE
Q4 25
$19.3M
$100.2M
Q3 25
$13.8M
$31.2M
Q2 25
$-2.3M
$68.4M
Q1 25
$-8.4M
$10.4M
Q4 24
$9.5M
$29.5M
Q3 24
$35.7M
$41.3M
Q2 24
$32.4M
$22.7M
Q1 24
$6.0M
$18.0M
Free Cash Flow
CVEO
CVEO
GLRE
GLRE
Q4 25
$14.5M
Q3 25
$8.2M
Q2 25
$-6.8M
Q1 25
$-13.7M
Q4 24
$1.8M
Q3 24
$28.2M
Q2 24
$27.0M
Q1 24
$372.0K
FCF Margin
CVEO
CVEO
GLRE
GLRE
Q4 25
8.9%
Q3 25
4.8%
Q2 25
-4.2%
Q1 25
-9.5%
Q4 24
1.2%
Q3 24
16.0%
Q2 24
14.3%
Q1 24
0.2%
Capex Intensity
CVEO
CVEO
GLRE
GLRE
Q4 25
3.0%
Q3 25
3.3%
Q2 25
2.8%
Q1 25
3.7%
Q4 24
5.1%
Q3 24
4.2%
Q2 24
2.8%
Q1 24
3.4%
Cash Conversion
CVEO
CVEO
GLRE
GLRE
Q4 25
2.03×
Q3 25
Q2 25
208.02×
Q1 25
0.35×
Q4 24
Q3 24
1.17×
Q2 24
3.93×
2.85×
Q1 24
0.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVEO
CVEO

Segment breakdown not available.

GLRE
GLRE

Other$124.7M59%
Innovations$85.6M41%

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