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

HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $161.6M, roughly 1.1× Civeo Corp). Civeo Corp runs the higher net margin — -4.0% vs -10.8%, a 6.8% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -26.1%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $-44.2M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% CAGR vs -18.5%).

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.

Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.

CVEO vs HTLD — Head-to-Head

Bigger by revenue
HTLD
HTLD
1.1× larger
HTLD
$179.4M
$161.6M
CVEO
Growing faster (revenue YoY)
CVEO
CVEO
+33.1% gap
CVEO
7.1%
-26.1%
HTLD
Higher net margin
CVEO
CVEO
6.8% more per $
CVEO
-4.0%
-10.8%
HTLD
More free cash flow
CVEO
CVEO
$58.6M more FCF
CVEO
$14.5M
$-44.2M
HTLD
Faster 2-yr revenue CAGR
CVEO
CVEO
Annualised
CVEO
-1.4%
-18.5%
HTLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVEO
CVEO
HTLD
HTLD
Revenue
$161.6M
$179.4M
Net Profit
$-6.5M
$-19.4M
Gross Margin
22.7%
Operating Margin
-0.1%
-12.7%
Net Margin
-4.0%
-10.8%
Revenue YoY
7.1%
-26.1%
Net Profit YoY
58.1%
-949.2%
EPS (diluted)
$-0.58
$-0.24

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
HTLD
HTLD
Q4 25
$161.6M
$179.4M
Q3 25
$170.5M
$196.5M
Q2 25
$162.7M
$210.4M
Q1 25
$144.0M
$219.4M
Q4 24
$151.0M
$242.6M
Q3 24
$176.3M
$259.9M
Q2 24
$188.7M
$274.8M
Q1 24
$166.1M
$270.3M
Net Profit
CVEO
CVEO
HTLD
HTLD
Q4 25
$-6.5M
$-19.4M
Q3 25
$-455.0K
$-8.3M
Q2 25
$-3.3M
$-10.9M
Q1 25
$-9.8M
$-13.9M
Q4 24
$-15.4M
$-1.9M
Q3 24
$-5.1M
$-9.3M
Q2 24
$8.2M
$-3.5M
Q1 24
$-5.1M
$-15.1M
Gross Margin
CVEO
CVEO
HTLD
HTLD
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
HTLD
HTLD
Q4 25
-0.1%
-12.7%
Q3 25
4.1%
-3.7%
Q2 25
1.7%
-5.9%
Q1 25
-3.8%
-6.8%
Q4 24
-6.7%
0.4%
Q3 24
0.0%
-2.7%
Q2 24
6.9%
0.1%
Q1 24
-1.1%
-5.3%
Net Margin
CVEO
CVEO
HTLD
HTLD
Q4 25
-4.0%
-10.8%
Q3 25
-0.3%
-4.2%
Q2 25
-2.0%
-5.2%
Q1 25
-6.8%
-6.3%
Q4 24
-10.2%
-0.8%
Q3 24
-2.9%
-3.6%
Q2 24
4.4%
-1.3%
Q1 24
-3.1%
-5.6%
EPS (diluted)
CVEO
CVEO
HTLD
HTLD
Q4 25
$-0.58
$-0.24
Q3 25
$-0.04
$-0.11
Q2 25
$-0.25
$-0.14
Q1 25
$-0.72
$-0.18
Q4 24
$-1.04
$-0.03
Q3 24
$-0.36
$-0.12
Q2 24
$0.56
$-0.04
Q1 24
$-0.35
$-0.19

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
HTLD
HTLD
Cash + ST InvestmentsLiquidity on hand
$14.4M
$18.5M
Total DebtLower is stronger
$154.1M
Stockholders' EquityBook value
$174.4M
$755.3M
Total Assets
$477.4M
$1.2B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
HTLD
HTLD
Q4 25
$14.4M
$18.5M
Q3 25
$12.0M
$32.7M
Q2 25
$14.6M
$22.9M
Q1 25
$28.4M
$23.9M
Q4 24
$5.2M
$12.8M
Q3 24
$17.9M
$30.7M
Q2 24
$7.4M
$23.9M
Q1 24
$16.8M
$23.8M
Total Debt
CVEO
CVEO
HTLD
HTLD
Q4 25
$154.1M
Q3 25
Q2 25
Q1 25
Q4 24
$43.3M
$187.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CVEO
CVEO
HTLD
HTLD
Q4 25
$174.4M
$755.3M
Q3 25
$182.5M
$775.6M
Q2 25
$209.4M
$786.7M
Q1 25
$220.7M
$807.7M
Q4 24
$236.4M
$822.6M
Q3 24
$282.2M
$825.7M
Q2 24
$297.4M
$836.8M
Q1 24
$297.4M
$848.8M
Total Assets
CVEO
CVEO
HTLD
HTLD
Q4 25
$477.4M
$1.2B
Q3 25
$491.1M
$1.3B
Q2 25
$508.8M
$1.3B
Q1 25
$423.8M
$1.3B
Q4 24
$405.1M
$1.3B
Q3 24
$477.6M
$1.4B
Q2 24
$483.2M
$1.4B
Q1 24
$513.1M
$1.5B
Debt / Equity
CVEO
CVEO
HTLD
HTLD
Q4 25
0.20×
Q3 25
Q2 25
Q1 25
Q4 24
0.18×
0.23×
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
HTLD
HTLD
Operating Cash FlowLast quarter
$19.3M
$14.9M
Free Cash FlowOCF − Capex
$14.5M
$-44.2M
FCF MarginFCF / Revenue
8.9%
-24.6%
Capex IntensityCapex / Revenue
3.0%
33.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$-66.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
HTLD
HTLD
Q4 25
$19.3M
$14.9M
Q3 25
$13.8M
$27.5M
Q2 25
$-2.3M
$21.0M
Q1 25
$-8.4M
$25.8M
Q4 24
$9.5M
$37.8M
Q3 24
$35.7M
$35.6M
Q2 24
$32.4M
$40.0M
Q1 24
$6.0M
$31.0M
Free Cash Flow
CVEO
CVEO
HTLD
HTLD
Q4 25
$14.5M
$-44.2M
Q3 25
$8.2M
$-12.2M
Q2 25
$-6.8M
$-12.8M
Q1 25
$-13.7M
$2.3M
Q4 24
$1.8M
$-45.5M
Q3 24
$28.2M
$24.6M
Q2 24
$27.0M
$29.4M
Q1 24
$372.0K
$26.3M
FCF Margin
CVEO
CVEO
HTLD
HTLD
Q4 25
8.9%
-24.6%
Q3 25
4.8%
-6.2%
Q2 25
-4.2%
-6.1%
Q1 25
-9.5%
1.0%
Q4 24
1.2%
-18.8%
Q3 24
16.0%
9.5%
Q2 24
14.3%
10.7%
Q1 24
0.2%
9.7%
Capex Intensity
CVEO
CVEO
HTLD
HTLD
Q4 25
3.0%
33.0%
Q3 25
3.3%
20.2%
Q2 25
2.8%
16.1%
Q1 25
3.7%
10.7%
Q4 24
5.1%
34.3%
Q3 24
4.2%
4.2%
Q2 24
2.8%
3.8%
Q1 24
3.4%
1.7%
Cash Conversion
CVEO
CVEO
HTLD
HTLD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.93×
Q1 24

Financial Flow Comparison

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

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