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Side-by-side financial comparison of Civeo Corp (CVEO) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.

Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $121.0M, roughly 1.3× Ramaco Resources, Inc.). Civeo Corp runs the higher net margin — -4.0% vs -11.0%, a 7.0% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -27.7%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $-17.5M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% CAGR vs -22.7%).

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.

Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.

CVEO vs METC — Head-to-Head

Bigger by revenue
CVEO
CVEO
1.3× larger
CVEO
$161.6M
$121.0M
METC
Growing faster (revenue YoY)
CVEO
CVEO
+34.8% gap
CVEO
7.1%
-27.7%
METC
Higher net margin
CVEO
CVEO
7.0% more per $
CVEO
-4.0%
-11.0%
METC
More free cash flow
CVEO
CVEO
$32.0M more FCF
CVEO
$14.5M
$-17.5M
METC
Faster 2-yr revenue CAGR
CVEO
CVEO
Annualised
CVEO
-1.4%
-22.7%
METC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CVEO
CVEO
METC
METC
Revenue
$161.6M
$121.0M
Net Profit
$-6.5M
$-13.3M
Gross Margin
22.7%
15.8%
Operating Margin
-0.1%
-12.0%
Net Margin
-4.0%
-11.0%
Revenue YoY
7.1%
-27.7%
Net Profit YoY
58.1%
-5468.2%
EPS (diluted)
$-0.58

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
METC
METC
Q4 25
$161.6M
Q3 25
$170.5M
$121.0M
Q2 25
$162.7M
$153.0M
Q1 25
$144.0M
$134.7M
Q4 24
$151.0M
$170.9M
Q3 24
$176.3M
$167.4M
Q2 24
$188.7M
$155.3M
Q1 24
$166.1M
$172.7M
Net Profit
CVEO
CVEO
METC
METC
Q4 25
$-6.5M
Q3 25
$-455.0K
$-13.3M
Q2 25
$-3.3M
$-14.0M
Q1 25
$-9.8M
$-9.5M
Q4 24
$-15.4M
$3.9M
Q3 24
$-5.1M
$-239.0K
Q2 24
$8.2M
$5.5M
Q1 24
$-5.1M
$2.0M
Gross Margin
CVEO
CVEO
METC
METC
Q4 25
22.7%
Q3 25
25.7%
15.8%
Q2 25
25.3%
12.3%
Q1 25
20.4%
15.2%
Q4 24
18.6%
20.4%
Q3 24
21.4%
19.5%
Q2 24
25.4%
21.0%
Q1 24
21.5%
19.1%
Operating Margin
CVEO
CVEO
METC
METC
Q4 25
-0.1%
Q3 25
4.1%
-12.0%
Q2 25
1.7%
-9.1%
Q1 25
-3.8%
-8.9%
Q4 24
-6.7%
3.7%
Q3 24
0.0%
1.0%
Q2 24
6.9%
3.5%
Q1 24
-1.1%
1.9%
Net Margin
CVEO
CVEO
METC
METC
Q4 25
-4.0%
Q3 25
-0.3%
-11.0%
Q2 25
-2.0%
-9.1%
Q1 25
-6.8%
-7.0%
Q4 24
-10.2%
2.3%
Q3 24
-2.9%
-0.1%
Q2 24
4.4%
3.6%
Q1 24
-3.1%
1.2%
EPS (diluted)
CVEO
CVEO
METC
METC
Q4 25
$-0.58
Q3 25
$-0.04
Q2 25
$-0.25
Q1 25
$-0.72
Q4 24
$-1.04
$0.06
Q3 24
$-0.36
$-0.03
Q2 24
$0.56
$0.08
Q1 24
$-0.35
$0.00

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
METC
METC
Cash + ST InvestmentsLiquidity on hand
$14.4M
$193.8M
Total DebtLower is stronger
$116.3M
Stockholders' EquityBook value
$174.4M
$526.9M
Total Assets
$477.4M
$849.7M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
METC
METC
Q4 25
$14.4M
Q3 25
$12.0M
$193.8M
Q2 25
$14.6M
$28.1M
Q1 25
$28.4M
$43.5M
Q4 24
$5.2M
$33.0M
Q3 24
$17.9M
$22.9M
Q2 24
$7.4M
$27.6M
Q1 24
$16.8M
$30.5M
Total Debt
CVEO
CVEO
METC
METC
Q4 25
Q3 25
$116.3M
Q2 25
Q1 25
Q4 24
$43.3M
$88.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CVEO
CVEO
METC
METC
Q4 25
$174.4M
Q3 25
$182.5M
$526.9M
Q2 25
$209.4M
$347.4M
Q1 25
$220.7M
$355.2M
Q4 24
$236.4M
$362.8M
Q3 24
$282.2M
$361.8M
Q2 24
$297.4M
$366.1M
Q1 24
$297.4M
$372.3M
Total Assets
CVEO
CVEO
METC
METC
Q4 25
$477.4M
Q3 25
$491.1M
$849.7M
Q2 25
$508.8M
$674.6M
Q1 25
$423.8M
$685.7M
Q4 24
$405.1M
$674.7M
Q3 24
$477.6M
$645.4M
Q2 24
$483.2M
$659.2M
Q1 24
$513.1M
$674.0M
Debt / Equity
CVEO
CVEO
METC
METC
Q4 25
Q3 25
0.22×
Q2 25
Q1 25
Q4 24
0.18×
0.24×
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
METC
METC
Operating Cash FlowLast quarter
$19.3M
$-1.4M
Free Cash FlowOCF − Capex
$14.5M
$-17.5M
FCF MarginFCF / Revenue
8.9%
-14.5%
Capex IntensityCapex / Revenue
3.0%
13.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$-24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
METC
METC
Q4 25
$19.3M
Q3 25
$13.8M
$-1.4M
Q2 25
$-2.3M
$-4.3M
Q1 25
$-8.4M
$26.0M
Q4 24
$9.5M
$15.7M
Q3 24
$35.7M
$37.4M
Q2 24
$32.4M
$34.4M
Q1 24
$6.0M
$25.2M
Free Cash Flow
CVEO
CVEO
METC
METC
Q4 25
$14.5M
Q3 25
$8.2M
$-17.5M
Q2 25
$-6.8M
$-19.8M
Q1 25
$-13.7M
$7.6M
Q4 24
$1.8M
$5.1M
Q3 24
$28.2M
$25.6M
Q2 24
$27.0M
$20.3M
Q1 24
$372.0K
$6.5M
FCF Margin
CVEO
CVEO
METC
METC
Q4 25
8.9%
Q3 25
4.8%
-14.5%
Q2 25
-4.2%
-13.0%
Q1 25
-9.5%
5.6%
Q4 24
1.2%
3.0%
Q3 24
16.0%
15.3%
Q2 24
14.3%
13.1%
Q1 24
0.2%
3.7%
Capex Intensity
CVEO
CVEO
METC
METC
Q4 25
3.0%
Q3 25
3.3%
13.3%
Q2 25
2.8%
10.2%
Q1 25
3.7%
13.7%
Q4 24
5.1%
6.2%
Q3 24
4.2%
7.0%
Q2 24
2.8%
9.1%
Q1 24
3.4%
10.8%
Cash Conversion
CVEO
CVEO
METC
METC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.06×
Q3 24
Q2 24
3.93×
6.21×
Q1 24
12.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVEO
CVEO

Segment breakdown not available.

METC
METC

Export Coal Revenues$73.0M60%
Domestic Coal Revenues$48.0M40%

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