vs

Side-by-side financial comparison of Civeo Corp (CVEO) and INDEPENDENCE REALTY TRUST, INC. (IRT). Click either name above to swap in a different company.

INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $161.6M, roughly 1.0× Civeo Corp). On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs 2.5%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% 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.

Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.

CVEO vs IRT — Head-to-Head

Bigger by revenue
IRT
IRT
1.0× larger
IRT
$165.3M
$161.6M
CVEO
Growing faster (revenue YoY)
CVEO
CVEO
+4.5% gap
CVEO
7.1%
2.5%
IRT
Faster 2-yr revenue CAGR
IRT
IRT
Annualised
IRT
2.2%
-1.4%
CVEO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CVEO
CVEO
IRT
IRT
Revenue
$161.6M
$165.3M
Net Profit
$-6.5M
Gross Margin
22.7%
Operating Margin
-0.1%
Net Margin
-4.0%
Revenue YoY
7.1%
2.5%
Net Profit YoY
58.1%
EPS (diluted)
$-0.58
$0.00

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
IRT
IRT
Q1 26
$165.3M
Q4 25
$161.6M
$167.1M
Q3 25
$170.5M
$167.1M
Q2 25
$162.7M
$162.2M
Q1 25
$144.0M
$161.2M
Q4 24
$151.0M
$161.0M
Q3 24
$176.3M
$160.1M
Q2 24
$188.7M
$158.4M
Net Profit
CVEO
CVEO
IRT
IRT
Q1 26
Q4 25
$-6.5M
$33.3M
Q3 25
$-455.0K
$6.9M
Q2 25
$-3.3M
$8.0M
Q1 25
$-9.8M
$8.4M
Q4 24
$-15.4M
$-1.0M
Q3 24
$-5.1M
$12.4M
Q2 24
$8.2M
$10.4M
Gross Margin
CVEO
CVEO
IRT
IRT
Q1 26
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%
Operating Margin
CVEO
CVEO
IRT
IRT
Q1 26
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%
Net Margin
CVEO
CVEO
IRT
IRT
Q1 26
Q4 25
-4.0%
19.9%
Q3 25
-0.3%
4.1%
Q2 25
-2.0%
5.0%
Q1 25
-6.8%
5.2%
Q4 24
-10.2%
-0.6%
Q3 24
-2.9%
7.7%
Q2 24
4.4%
6.5%
EPS (diluted)
CVEO
CVEO
IRT
IRT
Q1 26
$0.00
Q4 25
$-0.58
$0.14
Q3 25
$-0.04
$0.03
Q2 25
$-0.25
$0.03
Q1 25
$-0.72
$0.04
Q4 24
$-1.04
$-0.01
Q3 24
$-0.36
$0.05
Q2 24
$0.56
$0.05

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
IRT
IRT
Cash + ST InvestmentsLiquidity on hand
$14.4M
$23.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.4M
$3.4B
Total Assets
$477.4M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
IRT
IRT
Q1 26
$23.3M
Q4 25
$14.4M
$23.6M
Q3 25
$12.0M
$23.3M
Q2 25
$14.6M
$19.5M
Q1 25
$28.4M
$29.1M
Q4 24
$5.2M
$21.2M
Q3 24
$17.9M
$17.6M
Q2 24
$7.4M
$21.0M
Total Debt
CVEO
CVEO
IRT
IRT
Q1 26
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.3B
Q4 24
$43.3M
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
CVEO
CVEO
IRT
IRT
Q1 26
$3.4B
Q4 25
$174.4M
$3.5B
Q3 25
$182.5M
$3.5B
Q2 25
$209.4M
$3.4B
Q1 25
$220.7M
$3.5B
Q4 24
$236.4M
$3.4B
Q3 24
$282.2M
$3.4B
Q2 24
$297.4M
$3.4B
Total Assets
CVEO
CVEO
IRT
IRT
Q1 26
$6.1B
Q4 25
$477.4M
$6.0B
Q3 25
$491.1M
$6.1B
Q2 25
$508.8M
$6.0B
Q1 25
$423.8M
$6.0B
Q4 24
$405.1M
$6.1B
Q3 24
$477.6M
$5.9B
Q2 24
$483.2M
$5.9B
Debt / Equity
CVEO
CVEO
IRT
IRT
Q1 26
Q4 25
0.66×
Q3 25
0.66×
Q2 25
0.66×
Q1 25
0.65×
Q4 24
0.18×
0.68×
Q3 24
0.68×
Q2 24
0.66×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
IRT
IRT
Q1 26
Q4 25
$19.3M
$282.1M
Q3 25
$13.8M
$79.3M
Q2 25
$-2.3M
$82.2M
Q1 25
$-8.4M
$60.4M
Q4 24
$9.5M
$259.8M
Q3 24
$35.7M
$69.2M
Q2 24
$32.4M
$83.0M
Free Cash Flow
CVEO
CVEO
IRT
IRT
Q1 26
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
FCF Margin
CVEO
CVEO
IRT
IRT
Q1 26
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%
Capex Intensity
CVEO
CVEO
IRT
IRT
Q1 26
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%
Cash Conversion
CVEO
CVEO
IRT
IRT
Q1 26
Q4 25
8.48×
Q3 25
11.51×
Q2 25
10.22×
Q1 25
7.23×
Q4 24
Q3 24
5.60×
Q2 24
3.93×
8.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVEO
CVEO

Segment breakdown not available.

IRT
IRT

Rental and other property revenue$165.2M100%
Other revenue$109.0K0%

Related Comparisons