vs
Side-by-side financial comparison of Civeo Corp (CVEO) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $134.3M, roughly 1.2× Mayville Engineering Company, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -4.0%, a 0.8% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 7.1%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $10.2M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% CAGR vs -8.8%).
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.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
CVEO vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $134.3M |
| Net Profit | $-6.5M | $-4.4M |
| Gross Margin | 22.7% | 6.8% |
| Operating Margin | -0.1% | -4.1% |
| Net Margin | -4.0% | -3.2% |
| Revenue YoY | 7.1% | 10.7% |
| Net Profit YoY | 58.1% | -127.3% |
| EPS (diluted) | $-0.58 | $-0.22 |
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 | $134.3M | ||
| Q3 25 | $170.5M | $144.3M | ||
| Q2 25 | $162.7M | $132.3M | ||
| Q1 25 | $144.0M | $135.6M | ||
| Q4 24 | $151.0M | $121.3M | ||
| Q3 24 | $176.3M | $135.4M | ||
| Q2 24 | $188.7M | $163.6M | ||
| Q1 24 | $166.1M | $161.3M |
| Q4 25 | $-6.5M | $-4.4M | ||
| Q3 25 | $-455.0K | $-2.7M | ||
| Q2 25 | $-3.3M | $-1.1M | ||
| Q1 25 | $-9.8M | $20.0K | ||
| Q4 24 | $-15.4M | $16.0M | ||
| Q3 24 | $-5.1M | $3.0M | ||
| Q2 24 | $8.2M | $3.8M | ||
| Q1 24 | $-5.1M | $3.2M |
| Q4 25 | 22.7% | 6.8% | ||
| Q3 25 | 25.7% | 11.0% | ||
| Q2 25 | 25.3% | 10.3% | ||
| Q1 25 | 20.4% | 11.3% | ||
| Q4 24 | 18.6% | 8.9% | ||
| Q3 24 | 21.4% | 12.6% | ||
| Q2 24 | 25.4% | 13.6% | ||
| Q1 24 | 21.5% | 13.0% |
| Q4 25 | -0.1% | -4.1% | ||
| Q3 25 | 4.1% | 0.0% | ||
| Q2 25 | 1.7% | 0.1% | ||
| Q1 25 | -3.8% | 1.2% | ||
| Q4 24 | -6.7% | 19.0% | ||
| Q3 24 | 0.0% | 4.2% | ||
| Q2 24 | 6.9% | 5.0% | ||
| Q1 24 | -1.1% | 4.7% |
| Q4 25 | -4.0% | -3.2% | ||
| Q3 25 | -0.3% | -1.9% | ||
| Q2 25 | -2.0% | -0.8% | ||
| Q1 25 | -6.8% | 0.0% | ||
| Q4 24 | -10.2% | 13.2% | ||
| Q3 24 | -2.9% | 2.2% | ||
| Q2 24 | 4.4% | 2.3% | ||
| Q1 24 | -3.1% | 2.0% |
| Q4 25 | $-0.58 | $-0.22 | ||
| Q3 25 | $-0.04 | $-0.13 | ||
| Q2 25 | $-0.25 | $-0.05 | ||
| Q1 25 | $-0.72 | $0.00 | ||
| Q4 24 | $-1.04 | $0.76 | ||
| Q3 24 | $-0.36 | $0.14 | ||
| Q2 24 | $0.56 | $0.18 | ||
| Q1 24 | $-0.35 | $0.16 |
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 | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $174.4M | $240.7M |
| Total Assets | $477.4M | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $1.5M | ||
| Q3 25 | $12.0M | $1.2M | ||
| Q2 25 | $14.6M | $206.0K | ||
| Q1 25 | $28.4M | $183.0K | ||
| Q4 24 | $5.2M | $206.0K | ||
| Q3 24 | $17.9M | $178.0K | ||
| Q2 24 | $7.4M | $314.0K | ||
| Q1 24 | $16.8M | $314.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $174.4M | $240.7M | ||
| Q3 25 | $182.5M | $244.8M | ||
| Q2 25 | $209.4M | $246.8M | ||
| Q1 25 | $220.7M | $250.0M | ||
| Q4 24 | $236.4M | $251.8M | ||
| Q3 24 | $282.2M | $238.4M | ||
| Q2 24 | $297.4M | $238.1M | ||
| Q1 24 | $297.4M | $234.0M |
| Q4 25 | $477.4M | $563.6M | ||
| Q3 25 | $491.1M | $585.6M | ||
| Q2 25 | $508.8M | $433.7M | ||
| Q1 25 | $423.8M | $447.7M | ||
| Q4 24 | $405.1M | $445.6M | ||
| Q3 24 | $477.6M | $466.0M | ||
| Q2 24 | $483.2M | $488.2M | ||
| Q1 24 | $513.1M | $499.9M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.3M | $13.4M |
| Free Cash FlowOCF − Capex | $14.5M | $10.2M |
| FCF MarginFCF / Revenue | 8.9% | 7.6% |
| Capex IntensityCapex / Revenue | 3.0% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $13.4M | ||
| Q3 25 | $13.8M | $1.9M | ||
| Q2 25 | $-2.3M | $15.0M | ||
| Q1 25 | $-8.4M | $8.3M | ||
| Q4 24 | $9.5M | $38.0M | ||
| Q3 24 | $35.7M | $17.9M | ||
| Q2 24 | $32.4M | $23.3M | ||
| Q1 24 | $6.0M | $10.6M |
| Q4 25 | $14.5M | $10.2M | ||
| Q3 25 | $8.2M | $-1.1M | ||
| Q2 25 | $-6.8M | $12.5M | ||
| Q1 25 | $-13.7M | $5.4M | ||
| Q4 24 | $1.8M | $35.6M | ||
| Q3 24 | $28.2M | $15.1M | ||
| Q2 24 | $27.0M | $19.2M | ||
| Q1 24 | $372.0K | $7.8M |
| Q4 25 | 8.9% | 7.6% | ||
| Q3 25 | 4.8% | -0.8% | ||
| Q2 25 | -4.2% | 9.5% | ||
| Q1 25 | -9.5% | 4.0% | ||
| Q4 24 | 1.2% | 29.4% | ||
| Q3 24 | 16.0% | 11.1% | ||
| Q2 24 | 14.3% | 11.7% | ||
| Q1 24 | 0.2% | 4.9% |
| Q4 25 | 3.0% | 2.4% | ||
| Q3 25 | 3.3% | 2.1% | ||
| Q2 25 | 2.8% | 1.8% | ||
| Q1 25 | 3.7% | 2.2% | ||
| Q4 24 | 5.1% | 1.9% | ||
| Q3 24 | 4.2% | 2.1% | ||
| Q2 24 | 2.8% | 2.5% | ||
| Q1 24 | 3.4% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 6.03× | ||
| Q2 24 | 3.93× | 6.15× | ||
| Q1 24 | — | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVEO
Segment breakdown not available.
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
