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Side-by-side financial comparison of Civeo Corp (CVEO) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
National Storage Affiliates Trust is the larger business by last-quarter revenue ($187.0M vs $161.6M, roughly 1.2× Civeo Corp). National Storage Affiliates Trust runs the higher net margin — 12.2% vs -4.0%, a 16.2% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $14.5M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% CAGR vs -2.4%).
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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
CVEO vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $187.0M |
| Net Profit | $-6.5M | $22.9M |
| Gross Margin | 22.7% | 72.5% |
| Operating Margin | -0.1% | 20.2% |
| Net Margin | -4.0% | 12.2% |
| Revenue YoY | 7.1% | -1.6% |
| Net Profit YoY | 58.1% | 36.8% |
| EPS (diluted) | $-0.58 | $0.23 |
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 | $187.0M | ||
| Q3 25 | $170.5M | $188.7M | ||
| Q2 25 | $162.7M | $188.8M | ||
| Q1 25 | $144.0M | $188.4M | ||
| Q4 24 | $151.0M | $190.1M | ||
| Q3 24 | $176.3M | $193.6M | ||
| Q2 24 | $188.7M | $190.4M | ||
| Q1 24 | $166.1M | $196.1M |
| Q4 25 | $-6.5M | $22.9M | ||
| Q3 25 | $-455.0K | $18.4M | ||
| Q2 25 | $-3.3M | $19.5M | ||
| Q1 25 | $-9.8M | $13.0M | ||
| Q4 24 | $-15.4M | $16.7M | ||
| Q3 24 | $-5.1M | $18.7M | ||
| Q2 24 | $8.2M | $17.1M | ||
| Q1 24 | $-5.1M | $59.0M |
| Q4 25 | 22.7% | 72.5% | ||
| Q3 25 | 25.7% | 70.7% | ||
| Q2 25 | 25.3% | 70.5% | ||
| Q1 25 | 20.4% | 70.7% | ||
| Q4 24 | 18.6% | 72.5% | ||
| Q3 24 | 21.4% | 72.8% | ||
| Q2 24 | 25.4% | 72.6% | ||
| Q1 24 | 21.5% | 72.1% |
| Q4 25 | -0.1% | 20.2% | ||
| Q3 25 | 4.1% | 15.8% | ||
| Q2 25 | 1.7% | 16.5% | ||
| Q1 25 | -3.8% | 11.0% | ||
| Q4 24 | -6.7% | 14.5% | ||
| Q3 24 | 0.0% | 15.8% | ||
| Q2 24 | 6.9% | 17.2% | ||
| Q1 24 | -1.1% | 48.9% |
| Q4 25 | -4.0% | 12.2% | ||
| Q3 25 | -0.3% | 9.8% | ||
| Q2 25 | -2.0% | 10.3% | ||
| Q1 25 | -6.8% | 6.9% | ||
| Q4 24 | -10.2% | 8.8% | ||
| Q3 24 | -2.9% | 9.7% | ||
| Q2 24 | 4.4% | 9.0% | ||
| Q1 24 | -3.1% | 30.1% |
| Q4 25 | $-0.58 | $0.23 | ||
| Q3 25 | $-0.04 | $0.17 | ||
| Q2 25 | $-0.25 | $0.19 | ||
| Q1 25 | $-0.72 | $0.10 | ||
| Q4 24 | $-1.04 | $0.19 | ||
| Q3 24 | $-0.36 | $0.18 | ||
| Q2 24 | $0.56 | $0.16 | ||
| Q1 24 | $-0.35 | $0.65 |
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 | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $174.4M | $946.0M |
| Total Assets | $477.4M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $23.3M | ||
| Q3 25 | $12.0M | $26.3M | ||
| Q2 25 | $14.6M | $26.1M | ||
| Q1 25 | $28.4M | $19.3M | ||
| Q4 24 | $5.2M | $50.4M | ||
| Q3 24 | $17.9M | $69.9M | ||
| Q2 24 | $7.4M | $59.0M | ||
| Q1 24 | $16.8M | $64.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $174.4M | $946.0M | ||
| Q3 25 | $182.5M | $973.1M | ||
| Q2 25 | $209.4M | $1.0B | ||
| Q1 25 | $220.7M | $1.0B | ||
| Q4 24 | $236.4M | $1.1B | ||
| Q3 24 | $282.2M | $986.9M | ||
| Q2 24 | $297.4M | $1.2B | ||
| Q1 24 | $297.4M | $1.3B |
| Q4 25 | $477.4M | $5.1B | ||
| Q3 25 | $491.1M | $5.1B | ||
| Q2 25 | $508.8M | $5.2B | ||
| Q1 25 | $423.8M | $5.3B | ||
| Q4 24 | $405.1M | $5.4B | ||
| Q3 24 | $477.6M | $5.4B | ||
| Q2 24 | $483.2M | $5.3B | ||
| Q1 24 | $513.1M | $5.4B |
| 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 | $338.5M |
| Free Cash FlowOCF − Capex | $14.5M | $299.8M |
| FCF MarginFCF / Revenue | 8.9% | 160.3% |
| Capex IntensityCapex / Revenue | 3.0% | 20.7% |
| Cash ConversionOCF / Net Profit | — | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $338.5M | ||
| Q3 25 | $13.8M | $100.2M | ||
| Q2 25 | $-2.3M | $79.9M | ||
| Q1 25 | $-8.4M | $85.6M | ||
| Q4 24 | $9.5M | $363.1M | ||
| Q3 24 | $35.7M | $105.7M | ||
| Q2 24 | $32.4M | $83.2M | ||
| Q1 24 | $6.0M | $94.0M |
| Q4 25 | $14.5M | $299.8M | ||
| Q3 25 | $8.2M | $88.0M | ||
| Q2 25 | $-6.8M | $73.8M | ||
| Q1 25 | $-13.7M | $79.9M | ||
| Q4 24 | $1.8M | $344.4M | ||
| Q3 24 | $28.2M | $101.8M | ||
| Q2 24 | $27.0M | $79.5M | ||
| Q1 24 | $372.0K | $88.6M |
| Q4 25 | 8.9% | 160.3% | ||
| Q3 25 | 4.8% | 46.6% | ||
| Q2 25 | -4.2% | 39.1% | ||
| Q1 25 | -9.5% | 42.4% | ||
| Q4 24 | 1.2% | 181.2% | ||
| Q3 24 | 16.0% | 52.6% | ||
| Q2 24 | 14.3% | 41.7% | ||
| Q1 24 | 0.2% | 45.2% |
| Q4 25 | 3.0% | 20.7% | ||
| Q3 25 | 3.3% | 6.5% | ||
| Q2 25 | 2.8% | 3.2% | ||
| Q1 25 | 3.7% | 3.0% | ||
| Q4 24 | 5.1% | 9.8% | ||
| Q3 24 | 4.2% | 2.0% | ||
| Q2 24 | 2.8% | 1.9% | ||
| Q1 24 | 3.4% | 2.7% |
| Q4 25 | — | 14.79× | ||
| Q3 25 | — | 5.44× | ||
| Q2 25 | — | 4.10× | ||
| Q1 25 | — | 6.59× | ||
| Q4 24 | — | 21.70× | ||
| Q3 24 | — | 5.65× | ||
| Q2 24 | 3.93× | 4.88× | ||
| Q1 24 | — | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
