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Side-by-side financial comparison of Civeo Corp (CVEO) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.

James River Group Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $161.6M, roughly 1.0× Civeo Corp). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -4.0%, a 23.1% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 7.1%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $-23.6M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% CAGR vs -8.7%).

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.

James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.

CVEO vs JRVR — Head-to-Head

Bigger by revenue
JRVR
JRVR
1.0× larger
JRVR
$167.7M
$161.6M
CVEO
Growing faster (revenue YoY)
JRVR
JRVR
+25.3% gap
JRVR
32.4%
7.1%
CVEO
Higher net margin
JRVR
JRVR
23.1% more per $
JRVR
19.1%
-4.0%
CVEO
More free cash flow
CVEO
CVEO
$38.0M more FCF
CVEO
$14.5M
$-23.6M
JRVR
Faster 2-yr revenue CAGR
CVEO
CVEO
Annualised
CVEO
-1.4%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVEO
CVEO
JRVR
JRVR
Revenue
$161.6M
$167.7M
Net Profit
$-6.5M
$32.1M
Gross Margin
22.7%
Operating Margin
-0.1%
14.6%
Net Margin
-4.0%
19.1%
Revenue YoY
7.1%
32.4%
Net Profit YoY
58.1%
149.5%
EPS (diluted)
$-0.58
$0.59

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
JRVR
JRVR
Q4 25
$161.6M
$167.7M
Q3 25
$170.5M
$172.7M
Q2 25
$162.7M
$174.8M
Q1 25
$144.0M
$172.3M
Q4 24
$151.0M
$126.7M
Q3 24
$176.3M
$191.5M
Q2 24
$188.7M
$188.3M
Q1 24
$166.1M
$201.1M
Net Profit
CVEO
CVEO
JRVR
JRVR
Q4 25
$-6.5M
$32.1M
Q3 25
$-455.0K
$1.0M
Q2 25
$-3.3M
$4.8M
Q1 25
$-9.8M
$9.6M
Q4 24
$-15.4M
$-64.8M
Q3 24
$-5.1M
$-39.4M
Q2 24
$8.2M
$7.6M
Q1 24
$-5.1M
$15.4M
Gross Margin
CVEO
CVEO
JRVR
JRVR
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
JRVR
JRVR
Q4 25
-0.1%
14.6%
Q3 25
4.1%
1.5%
Q2 25
1.7%
4.2%
Q1 25
-3.8%
9.3%
Q4 24
-6.7%
-57.0%
Q3 24
0.0%
-27.1%
Q2 24
6.9%
10.7%
Q1 24
-1.1%
16.4%
Net Margin
CVEO
CVEO
JRVR
JRVR
Q4 25
-4.0%
19.1%
Q3 25
-0.3%
0.6%
Q2 25
-2.0%
2.7%
Q1 25
-6.8%
5.6%
Q4 24
-10.2%
-51.1%
Q3 24
-2.9%
-20.6%
Q2 24
4.4%
4.0%
Q1 24
-3.1%
7.7%
EPS (diluted)
CVEO
CVEO
JRVR
JRVR
Q4 25
$-0.58
$0.59
Q3 25
$-0.04
$-0.02
Q2 25
$-0.25
$0.06
Q1 25
$-0.72
$0.16
Q4 24
$-1.04
$-2.44
Q3 24
$-0.36
$-1.10
Q2 24
$0.56
$0.13
Q1 24
$-0.35
$0.35

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
JRVR
JRVR
Cash + ST InvestmentsLiquidity on hand
$14.4M
$260.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.4M
$538.2M
Total Assets
$477.4M
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
JRVR
JRVR
Q4 25
$14.4M
$260.9M
Q3 25
$12.0M
$238.8M
Q2 25
$14.6M
$220.0M
Q1 25
$28.4M
$279.4M
Q4 24
$5.2M
$362.3M
Q3 24
$17.9M
$359.8M
Q2 24
$7.4M
$672.5M
Q1 24
$16.8M
$305.5M
Total Debt
CVEO
CVEO
JRVR
JRVR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$43.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CVEO
CVEO
JRVR
JRVR
Q4 25
$174.4M
$538.2M
Q3 25
$182.5M
$503.6M
Q2 25
$209.4M
$492.6M
Q1 25
$220.7M
$484.5M
Q4 24
$236.4M
$460.9M
Q3 24
$282.2M
$530.3M
Q2 24
$297.4M
$541.8M
Q1 24
$297.4M
$539.5M
Total Assets
CVEO
CVEO
JRVR
JRVR
Q4 25
$477.4M
$4.9B
Q3 25
$491.1M
$5.0B
Q2 25
$508.8M
$5.0B
Q1 25
$423.8M
$4.9B
Q4 24
$405.1M
$5.0B
Q3 24
$477.6M
$5.0B
Q2 24
$483.2M
$4.7B
Q1 24
$513.1M
$5.3B
Debt / Equity
CVEO
CVEO
JRVR
JRVR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.18×
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
JRVR
JRVR
Operating Cash FlowLast quarter
$19.3M
$-18.8M
Free Cash FlowOCF − Capex
$14.5M
$-23.6M
FCF MarginFCF / Revenue
8.9%
-14.1%
Capex IntensityCapex / Revenue
3.0%
2.9%
Cash ConversionOCF / Net Profit
-0.59×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$-17.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
JRVR
JRVR
Q4 25
$19.3M
$-18.8M
Q3 25
$13.8M
$34.3M
Q2 25
$-2.3M
$25.2M
Q1 25
$-8.4M
$-51.5M
Q4 24
$9.5M
$-247.1M
Q3 24
$35.7M
$-269.9M
Q2 24
$32.4M
$-8.7M
Q1 24
$6.0M
$24.1M
Free Cash Flow
CVEO
CVEO
JRVR
JRVR
Q4 25
$14.5M
$-23.6M
Q3 25
$8.2M
$33.7M
Q2 25
$-6.8M
$24.7M
Q1 25
$-13.7M
$-52.7M
Q4 24
$1.8M
$-252.0M
Q3 24
$28.2M
$-270.8M
Q2 24
$27.0M
$-9.3M
Q1 24
$372.0K
$23.3M
FCF Margin
CVEO
CVEO
JRVR
JRVR
Q4 25
8.9%
-14.1%
Q3 25
4.8%
19.5%
Q2 25
-4.2%
14.1%
Q1 25
-9.5%
-30.6%
Q4 24
1.2%
-198.9%
Q3 24
16.0%
-141.4%
Q2 24
14.3%
-4.9%
Q1 24
0.2%
11.6%
Capex Intensity
CVEO
CVEO
JRVR
JRVR
Q4 25
3.0%
2.9%
Q3 25
3.3%
0.4%
Q2 25
2.8%
0.3%
Q1 25
3.7%
0.7%
Q4 24
5.1%
3.9%
Q3 24
4.2%
0.4%
Q2 24
2.8%
0.3%
Q1 24
3.4%
0.4%
Cash Conversion
CVEO
CVEO
JRVR
JRVR
Q4 25
-0.59×
Q3 25
33.61×
Q2 25
5.29×
Q1 25
-5.38×
Q4 24
Q3 24
Q2 24
3.93×
-1.14×
Q1 24
1.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVEO
CVEO

Segment breakdown not available.

JRVR
JRVR

Excess And Surplus Lines$156.7M93%
Specialty Admitted Insurance$10.9M7%

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