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Side-by-side financial comparison of Civeo Corp (CVEO) and Ingevity Corp (NGVT). Click either name above to swap in a different company.

Ingevity Corp is the larger business by last-quarter revenue ($185.4M vs $161.6M, roughly 1.1× Civeo Corp). Civeo Corp runs the higher net margin — -4.0% vs -45.6%, a 41.6% gap on every dollar of revenue. On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs 7.1%). Ingevity Corp produced more free cash flow last quarter ($73.5M vs $14.5M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% CAGR vs -26.2%).

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.

Ingevity Corp is a global specialty chemicals and advanced materials manufacturer. It produces high-performance carbon materials, pavement preservation solutions, and specialty chemicals, serving automotive emissions control, industrial purification, road infrastructure, and agricultural input markets across North America, Europe, and Asia Pacific.

CVEO vs NGVT — Head-to-Head

Bigger by revenue
NGVT
NGVT
1.1× larger
NGVT
$185.4M
$161.6M
CVEO
Growing faster (revenue YoY)
NGVT
NGVT
+29.7% gap
NGVT
36.7%
7.1%
CVEO
Higher net margin
CVEO
CVEO
41.6% more per $
CVEO
-4.0%
-45.6%
NGVT
More free cash flow
NGVT
NGVT
$59.0M more FCF
NGVT
$73.5M
$14.5M
CVEO
Faster 2-yr revenue CAGR
CVEO
CVEO
Annualised
CVEO
-1.4%
-26.2%
NGVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVEO
CVEO
NGVT
NGVT
Revenue
$161.6M
$185.4M
Net Profit
$-6.5M
$-84.6M
Gross Margin
22.7%
41.2%
Operating Margin
-0.1%
-47.7%
Net Margin
-4.0%
-45.6%
Revenue YoY
7.1%
36.7%
Net Profit YoY
58.1%
-609.6%
EPS (diluted)
$-0.58
$-2.33

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
NGVT
NGVT
Q4 25
$161.6M
$185.4M
Q3 25
$170.5M
$333.1M
Q2 25
$162.7M
$365.1M
Q1 25
$144.0M
$284.0M
Q4 24
$151.0M
$135.6M
Q3 24
$176.3M
$333.8M
Q2 24
$188.7M
$390.6M
Q1 24
$166.1M
$340.1M
Net Profit
CVEO
CVEO
NGVT
NGVT
Q4 25
$-6.5M
$-84.6M
Q3 25
$-455.0K
$43.5M
Q2 25
$-3.3M
$-146.5M
Q1 25
$-9.8M
$20.5M
Q4 24
$-15.4M
$16.6M
Q3 24
$-5.1M
$-107.2M
Q2 24
$8.2M
$-283.7M
Q1 24
$-5.1M
$-56.0M
Gross Margin
CVEO
CVEO
NGVT
NGVT
Q4 25
22.7%
41.2%
Q3 25
25.7%
40.2%
Q2 25
25.3%
37.8%
Q1 25
20.4%
39.9%
Q4 24
18.6%
81.3%
Q3 24
21.4%
39.4%
Q2 24
25.4%
31.5%
Q1 24
21.5%
29.3%
Operating Margin
CVEO
CVEO
NGVT
NGVT
Q4 25
-0.1%
-47.7%
Q3 25
4.1%
18.7%
Q2 25
1.7%
-39.1%
Q1 25
-3.8%
9.4%
Q4 24
-6.7%
Q3 24
0.0%
33.0%
Q2 24
6.9%
25.9%
Q1 24
-1.1%
22.6%
Net Margin
CVEO
CVEO
NGVT
NGVT
Q4 25
-4.0%
-45.6%
Q3 25
-0.3%
13.1%
Q2 25
-2.0%
-40.1%
Q1 25
-6.8%
7.2%
Q4 24
-10.2%
12.2%
Q3 24
-2.9%
-32.1%
Q2 24
4.4%
-72.6%
Q1 24
-3.1%
-16.5%
EPS (diluted)
CVEO
CVEO
NGVT
NGVT
Q4 25
$-0.58
$-2.33
Q3 25
$-0.04
$1.18
Q2 25
$-0.25
$-4.02
Q1 25
$-0.72
$0.56
Q4 24
$-1.04
$0.44
Q3 24
$-0.36
$-2.94
Q2 24
$0.56
$-7.81
Q1 24
$-0.35
$-1.54

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
NGVT
NGVT
Cash + ST InvestmentsLiquidity on hand
$14.4M
$78.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$174.4M
$29.7M
Total Assets
$477.4M
$1.7B
Debt / EquityLower = less leverage
39.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
NGVT
NGVT
Q4 25
$14.4M
$78.1M
Q3 25
$12.0M
$83.4M
Q2 25
$14.6M
$76.9M
Q1 25
$28.4M
$71.5M
Q4 24
$5.2M
$68.0M
Q3 24
$17.9M
$135.5M
Q2 24
$7.4M
$107.4M
Q1 24
$16.8M
$88.5M
Total Debt
CVEO
CVEO
NGVT
NGVT
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$43.3M
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
CVEO
CVEO
NGVT
NGVT
Q4 25
$174.4M
$29.7M
Q3 25
$182.5M
$138.1M
Q2 25
$209.4M
$120.7M
Q1 25
$220.7M
$234.6M
Q4 24
$236.4M
$195.2M
Q3 24
$282.2M
$214.5M
Q2 24
$297.4M
$284.8M
Q1 24
$297.4M
$568.2M
Total Assets
CVEO
CVEO
NGVT
NGVT
Q4 25
$477.4M
$1.7B
Q3 25
$491.1M
$1.8B
Q2 25
$508.8M
$1.9B
Q1 25
$423.8M
$2.1B
Q4 24
$405.1M
$2.0B
Q3 24
$477.6M
$2.2B
Q2 24
$483.2M
$2.3B
Q1 24
$513.1M
$2.6B
Debt / Equity
CVEO
CVEO
NGVT
NGVT
Q4 25
39.10×
Q3 25
8.39×
Q2 25
10.24×
Q1 25
5.68×
Q4 24
0.18×
6.86×
Q3 24
6.52×
Q2 24
4.92×
Q1 24
2.48×

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
NGVT
NGVT
Operating Cash FlowLast quarter
$19.3M
$97.1M
Free Cash FlowOCF − Capex
$14.5M
$73.5M
FCF MarginFCF / Revenue
8.9%
39.6%
Capex IntensityCapex / Revenue
3.0%
12.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$273.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
NGVT
NGVT
Q4 25
$19.3M
$97.1M
Q3 25
$13.8M
$129.7M
Q2 25
$-2.3M
$79.0M
Q1 25
$-8.4M
$25.4M
Q4 24
$9.5M
$64.5M
Q3 24
$35.7M
$46.5M
Q2 24
$32.4M
$29.7M
Q1 24
$6.0M
$-12.1M
Free Cash Flow
CVEO
CVEO
NGVT
NGVT
Q4 25
$14.5M
$73.5M
Q3 25
$8.2M
$117.8M
Q2 25
$-6.8M
$66.8M
Q1 25
$-13.7M
$15.4M
Q4 24
$1.8M
$39.6M
Q3 24
$28.2M
$28.5M
Q2 24
$27.0M
$11.6M
Q1 24
$372.0K
$-28.7M
FCF Margin
CVEO
CVEO
NGVT
NGVT
Q4 25
8.9%
39.6%
Q3 25
4.8%
35.4%
Q2 25
-4.2%
18.3%
Q1 25
-9.5%
5.4%
Q4 24
1.2%
29.2%
Q3 24
16.0%
8.5%
Q2 24
14.3%
3.0%
Q1 24
0.2%
-8.4%
Capex Intensity
CVEO
CVEO
NGVT
NGVT
Q4 25
3.0%
12.7%
Q3 25
3.3%
3.6%
Q2 25
2.8%
3.3%
Q1 25
3.7%
3.5%
Q4 24
5.1%
18.4%
Q3 24
4.2%
5.4%
Q2 24
2.8%
4.6%
Q1 24
3.4%
4.9%
Cash Conversion
CVEO
CVEO
NGVT
NGVT
Q4 25
Q3 25
2.98×
Q2 25
Q1 25
1.24×
Q4 24
3.89×
Q3 24
Q2 24
3.93×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVEO
CVEO

Segment breakdown not available.

NGVT
NGVT

Performance Materials$151.2M82%
Advanced Polymer Technologies Segment$36.5M20%

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