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Side-by-side financial comparison of Civeo Corp (CVEO) and Industrial Logistics Properties Trust (ILPT). Click either name above to swap in a different company.
Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $113.9M, roughly 1.4× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -4.0%, a 2.4% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $14.5M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% 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.
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
CVEO vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $113.9M |
| Net Profit | $-6.5M | $-1.8M |
| Gross Margin | 22.7% | — |
| Operating Margin | -0.1% | -22.1% |
| Net Margin | -4.0% | -1.6% |
| Revenue YoY | 7.1% | 3.1% |
| Net Profit YoY | 58.1% | 92.6% |
| EPS (diluted) | $-0.58 | $-0.02 |
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 | $113.9M | ||
| Q3 25 | $170.5M | $110.9M | ||
| Q2 25 | $162.7M | $112.1M | ||
| Q1 25 | $144.0M | $111.9M | ||
| Q4 24 | $151.0M | $110.5M | ||
| Q3 24 | $176.3M | $108.9M | ||
| Q2 24 | $188.7M | $110.6M | ||
| Q1 24 | $166.1M | $112.2M |
| Q4 25 | $-6.5M | $-1.8M | ||
| Q3 25 | $-455.0K | $-21.6M | ||
| Q2 25 | $-3.3M | $-21.3M | ||
| Q1 25 | $-9.8M | $-21.5M | ||
| Q4 24 | $-15.4M | $-24.1M | ||
| Q3 24 | $-5.1M | $-25.0M | ||
| Q2 24 | $8.2M | $-23.2M | ||
| Q1 24 | $-5.1M | $-23.4M |
| 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% | — |
| Q4 25 | -0.1% | -22.1% | ||
| Q3 25 | 4.1% | -29.4% | ||
| Q2 25 | 1.7% | -30.8% | ||
| Q1 25 | -3.8% | -26.9% | ||
| Q4 24 | -6.7% | -31.1% | ||
| Q3 24 | 0.0% | -33.5% | ||
| Q2 24 | 6.9% | -32.4% | ||
| Q1 24 | -1.1% | -31.7% |
| Q4 25 | -4.0% | -1.6% | ||
| Q3 25 | -0.3% | -19.4% | ||
| Q2 25 | -2.0% | -19.0% | ||
| Q1 25 | -6.8% | -19.2% | ||
| Q4 24 | -10.2% | -21.8% | ||
| Q3 24 | -2.9% | -22.9% | ||
| Q2 24 | 4.4% | -20.9% | ||
| Q1 24 | -3.1% | -20.9% |
| Q4 25 | $-0.58 | $-0.02 | ||
| Q3 25 | $-0.04 | $-0.33 | ||
| Q2 25 | $-0.25 | $-0.32 | ||
| Q1 25 | $-0.72 | $-0.33 | ||
| Q4 24 | $-1.04 | $-0.37 | ||
| Q3 24 | $-0.36 | $-0.38 | ||
| Q2 24 | $0.56 | $-0.35 | ||
| Q1 24 | $-0.35 | $-0.36 |
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 | $94.8M |
| Total DebtLower is stronger | — | $4.2B |
| Stockholders' EquityBook value | $174.4M | $489.7M |
| Total Assets | $477.4M | $5.2B |
| Debt / EquityLower = less leverage | — | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $94.8M | ||
| Q3 25 | $12.0M | $83.2M | ||
| Q2 25 | $14.6M | $58.6M | ||
| Q1 25 | $28.4M | $108.0M | ||
| Q4 24 | $5.2M | $131.7M | ||
| Q3 24 | $17.9M | $153.9M | ||
| Q2 24 | $7.4M | $146.2M | ||
| Q1 24 | $16.8M | $128.4M |
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $43.3M | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
| Q4 25 | $174.4M | $489.7M | ||
| Q3 25 | $182.5M | $494.1M | ||
| Q2 25 | $209.4M | $519.1M | ||
| Q1 25 | $220.7M | $539.5M | ||
| Q4 24 | $236.4M | $562.0M | ||
| Q3 24 | $282.2M | $585.9M | ||
| Q2 24 | $297.4M | $618.3M | ||
| Q1 24 | $297.4M | $643.2M |
| Q4 25 | $477.4M | $5.2B | ||
| Q3 25 | $491.1M | $5.2B | ||
| Q2 25 | $508.8M | $5.2B | ||
| Q1 25 | $423.8M | $5.4B | ||
| Q4 24 | $405.1M | $5.4B | ||
| Q3 24 | $477.6M | $5.5B | ||
| Q2 24 | $483.2M | $5.5B | ||
| Q1 24 | $513.1M | $5.5B |
| Q4 25 | — | 8.56× | ||
| Q3 25 | — | 8.49× | ||
| Q2 25 | — | 8.09× | ||
| Q1 25 | — | 7.96× | ||
| Q4 24 | 0.18× | 7.65× | ||
| Q3 24 | — | 7.35× | ||
| Q2 24 | — | 6.96× | ||
| Q1 24 | — | 6.70× |
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 | $60.7M |
| Free Cash FlowOCF − Capex | $14.5M | $42.0M |
| FCF MarginFCF / Revenue | 8.9% | 36.9% |
| Capex IntensityCapex / Revenue | 3.0% | 16.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $60.7M | ||
| Q3 25 | $13.8M | $22.7M | ||
| Q2 25 | $-2.3M | $18.4M | ||
| Q1 25 | $-8.4M | $11.4M | ||
| Q4 24 | $9.5M | $2.0M | ||
| Q3 24 | $35.7M | $-3.4M | ||
| Q2 24 | $32.4M | $10.8M | ||
| Q1 24 | $6.0M | $8.0M |
| Q4 25 | $14.5M | $42.0M | ||
| Q3 25 | $8.2M | $17.6M | ||
| Q2 25 | $-6.8M | $15.2M | ||
| Q1 25 | $-13.7M | $5.0M | ||
| Q4 24 | $1.8M | $-3.7M | ||
| Q3 24 | $28.2M | $-5.9M | ||
| Q2 24 | $27.0M | $9.4M | ||
| Q1 24 | $372.0K | $5.9M |
| Q4 25 | 8.9% | 36.9% | ||
| Q3 25 | 4.8% | 15.9% | ||
| Q2 25 | -4.2% | 13.5% | ||
| Q1 25 | -9.5% | 4.5% | ||
| Q4 24 | 1.2% | -3.4% | ||
| Q3 24 | 16.0% | -5.5% | ||
| Q2 24 | 14.3% | 8.5% | ||
| Q1 24 | 0.2% | 5.2% |
| Q4 25 | 3.0% | 16.4% | ||
| Q3 25 | 3.3% | 4.6% | ||
| Q2 25 | 2.8% | 2.9% | ||
| Q1 25 | 3.7% | 5.7% | ||
| Q4 24 | 5.1% | 5.2% | ||
| Q3 24 | 4.2% | 2.3% | ||
| Q2 24 | 2.8% | 1.3% | ||
| Q1 24 | 3.4% | 1.9% |
| 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.
