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Side-by-side financial comparison of Civeo Corp (CVEO) and Mueller Water Products, Inc. (MWA). Click either name above to swap in a different company.

Mueller Water Products, Inc. is the larger business by last-quarter revenue ($318.2M vs $161.6M, roughly 2.0× Civeo Corp). Mueller Water Products, Inc. runs the higher net margin — 13.6% vs -4.0%, a 17.6% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs 4.6%). Mueller Water Products, Inc. produced more free cash flow last quarter ($44.0M vs $14.5M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% CAGR vs -5.1%).

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.

Mueller Water Products, Inc. (MWP) is a publicly traded company headquartered in Atlanta, Georgia. It is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in North America. MWP is made up of two business units—Mueller Co. and Mueller Technologies—that oversee more than a dozen brands and affiliates, including Echologics and Mueller Systems.

CVEO vs MWA — Head-to-Head

Bigger by revenue
MWA
MWA
2.0× larger
MWA
$318.2M
$161.6M
CVEO
Growing faster (revenue YoY)
CVEO
CVEO
+2.5% gap
CVEO
7.1%
4.6%
MWA
Higher net margin
MWA
MWA
17.6% more per $
MWA
13.6%
-4.0%
CVEO
More free cash flow
MWA
MWA
$29.5M more FCF
MWA
$44.0M
$14.5M
CVEO
Faster 2-yr revenue CAGR
CVEO
CVEO
Annualised
CVEO
-1.4%
-5.1%
MWA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CVEO
CVEO
MWA
MWA
Revenue
$161.6M
$318.2M
Net Profit
$-6.5M
$43.2M
Gross Margin
22.7%
37.6%
Operating Margin
-0.1%
17.8%
Net Margin
-4.0%
13.6%
Revenue YoY
7.1%
4.6%
Net Profit YoY
58.1%
22.4%
EPS (diluted)
$-0.58
$0.27

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
MWA
MWA
Q4 25
$161.6M
$318.2M
Q3 25
$170.5M
$380.8M
Q2 25
$162.7M
$380.3M
Q1 25
$144.0M
$364.3M
Q4 24
$151.0M
$304.3M
Q3 24
$176.3M
$348.2M
Q2 24
$188.7M
$356.7M
Q1 24
$166.1M
$353.4M
Net Profit
CVEO
CVEO
MWA
MWA
Q4 25
$-6.5M
$43.2M
Q3 25
$-455.0K
$52.6M
Q2 25
$-3.3M
$52.5M
Q1 25
$-9.8M
$51.3M
Q4 24
$-15.4M
$35.3M
Q3 24
$-5.1M
$10.0M
Q2 24
$8.2M
$47.3M
Q1 24
$-5.1M
$44.3M
Gross Margin
CVEO
CVEO
MWA
MWA
Q4 25
22.7%
37.6%
Q3 25
25.7%
36.8%
Q2 25
25.3%
38.3%
Q1 25
20.4%
35.1%
Q4 24
18.6%
33.8%
Q3 24
21.4%
31.8%
Q2 24
25.4%
36.8%
Q1 24
21.5%
36.9%
Operating Margin
CVEO
CVEO
MWA
MWA
Q4 25
-0.1%
17.8%
Q3 25
4.1%
18.3%
Q2 25
1.7%
19.4%
Q1 25
-3.8%
19.2%
Q4 24
-6.7%
15.6%
Q3 24
0.0%
8.2%
Q2 24
6.9%
18.8%
Q1 24
-1.1%
18.0%
Net Margin
CVEO
CVEO
MWA
MWA
Q4 25
-4.0%
13.6%
Q3 25
-0.3%
13.8%
Q2 25
-2.0%
13.8%
Q1 25
-6.8%
14.1%
Q4 24
-10.2%
11.6%
Q3 24
-2.9%
2.9%
Q2 24
4.4%
13.3%
Q1 24
-3.1%
12.5%
EPS (diluted)
CVEO
CVEO
MWA
MWA
Q4 25
$-0.58
$0.27
Q3 25
$-0.04
$0.34
Q2 25
$-0.25
$0.33
Q1 25
$-0.72
$0.33
Q4 24
$-1.04
$0.22
Q3 24
$-0.36
$0.07
Q2 24
$0.56
$0.30
Q1 24
$-0.35
$0.28

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
MWA
MWA
Cash + ST InvestmentsLiquidity on hand
$14.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.4M
$1.0B
Total Assets
$477.4M
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
MWA
MWA
Q4 25
$14.4M
Q3 25
$12.0M
Q2 25
$14.6M
Q1 25
$28.4M
Q4 24
$5.2M
Q3 24
$17.9M
Q2 24
$7.4M
Q1 24
$16.8M
Total Debt
CVEO
CVEO
MWA
MWA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$43.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CVEO
CVEO
MWA
MWA
Q4 25
$174.4M
$1.0B
Q3 25
$182.5M
$981.7M
Q2 25
$209.4M
$929.0M
Q1 25
$220.7M
$873.6M
Q4 24
$236.4M
$834.1M
Q3 24
$282.2M
$810.1M
Q2 24
$297.4M
$791.6M
Q1 24
$297.4M
$754.5M
Total Assets
CVEO
CVEO
MWA
MWA
Q4 25
$477.4M
$1.8B
Q3 25
$491.1M
$1.8B
Q2 25
$508.8M
$1.7B
Q1 25
$423.8M
$1.7B
Q4 24
$405.1M
$1.6B
Q3 24
$477.6M
$1.6B
Q2 24
$483.2M
$1.6B
Q1 24
$513.1M
$1.5B
Debt / Equity
CVEO
CVEO
MWA
MWA
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
MWA
MWA
Operating Cash FlowLast quarter
$19.3M
$61.2M
Free Cash FlowOCF − Capex
$14.5M
$44.0M
FCF MarginFCF / Revenue
8.9%
13.8%
Capex IntensityCapex / Revenue
3.0%
5.4%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$173.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
MWA
MWA
Q4 25
$19.3M
$61.2M
Q3 25
$13.8M
$83.5M
Q2 25
$-2.3M
$67.4M
Q1 25
$-8.4M
$14.3M
Q4 24
$9.5M
$54.1M
Q3 24
$35.7M
$89.3M
Q2 24
$32.4M
$87.3M
Q1 24
$6.0M
$-5.7M
Free Cash Flow
CVEO
CVEO
MWA
MWA
Q4 25
$14.5M
$44.0M
Q3 25
$8.2M
$69.0M
Q2 25
$-6.8M
$55.7M
Q1 25
$-13.7M
$5.1M
Q4 24
$1.8M
$42.2M
Q3 24
$28.2M
$69.9M
Q2 24
$27.0M
$75.1M
Q1 24
$372.0K
$-15.8M
FCF Margin
CVEO
CVEO
MWA
MWA
Q4 25
8.9%
13.8%
Q3 25
4.8%
18.1%
Q2 25
-4.2%
14.6%
Q1 25
-9.5%
1.4%
Q4 24
1.2%
13.9%
Q3 24
16.0%
20.1%
Q2 24
14.3%
21.1%
Q1 24
0.2%
-4.5%
Capex Intensity
CVEO
CVEO
MWA
MWA
Q4 25
3.0%
5.4%
Q3 25
3.3%
3.8%
Q2 25
2.8%
3.1%
Q1 25
3.7%
2.5%
Q4 24
5.1%
3.9%
Q3 24
4.2%
5.6%
Q2 24
2.8%
3.4%
Q1 24
3.4%
2.9%
Cash Conversion
CVEO
CVEO
MWA
MWA
Q4 25
1.42×
Q3 25
1.59×
Q2 25
1.28×
Q1 25
0.28×
Q4 24
1.53×
Q3 24
8.93×
Q2 24
3.93×
1.85×
Q1 24
-0.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVEO
CVEO

Segment breakdown not available.

MWA
MWA

Water Flow Solutions$173.0M54%
Water Management Solutions$145.2M46%

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