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Side-by-side financial comparison of Civeo Corp (CVEO) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $88.4M, roughly 1.8× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -4.0%, a 22.3% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 7.1%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -1.4%).
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.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
CVEO vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $88.4M |
| Net Profit | $-6.5M | $16.2M |
| Gross Margin | 22.7% | — |
| Operating Margin | -0.1% | 7.5% |
| Net Margin | -4.0% | 18.3% |
| Revenue YoY | 7.1% | 18.7% |
| Net Profit YoY | 58.1% | 401.5% |
| EPS (diluted) | $-0.58 | $0.08 |
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 | $88.4M | ||
| Q3 25 | $170.5M | $77.9M | ||
| Q2 25 | $162.7M | $77.4M | ||
| Q1 25 | $144.0M | $83.0M | ||
| Q4 24 | $151.0M | $74.5M | ||
| Q3 24 | $176.3M | $82.6M | ||
| Q2 24 | $188.7M | $69.8M | ||
| Q1 24 | $166.1M | $64.0M |
| Q4 25 | $-6.5M | $16.2M | ||
| Q3 25 | $-455.0K | $11.4M | ||
| Q2 25 | $-3.3M | $7.6M | ||
| Q1 25 | $-9.8M | $1.3M | ||
| Q4 24 | $-15.4M | $-5.4M | ||
| Q3 24 | $-5.1M | $17.1M | ||
| Q2 24 | $8.2M | $1.9M | ||
| Q1 24 | $-5.1M | $677.0K |
| Q4 25 | 22.7% | — | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 25.3% | — | ||
| Q1 25 | 20.4% | — | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 25.4% | — | ||
| Q1 24 | 21.5% | — |
| Q4 25 | -0.1% | 7.5% | ||
| Q3 25 | 4.1% | 4.6% | ||
| Q2 25 | 1.7% | -1.1% | ||
| Q1 25 | -3.8% | -2.3% | ||
| Q4 24 | -6.7% | -0.5% | ||
| Q3 24 | 0.0% | 14.9% | ||
| Q2 24 | 6.9% | 8.1% | ||
| Q1 24 | -1.1% | 5.6% |
| Q4 25 | -4.0% | 18.3% | ||
| Q3 25 | -0.3% | 14.6% | ||
| Q2 25 | -2.0% | 9.8% | ||
| Q1 25 | -6.8% | 1.5% | ||
| Q4 24 | -10.2% | -7.2% | ||
| Q3 24 | -2.9% | 20.7% | ||
| Q2 24 | 4.4% | 2.7% | ||
| Q1 24 | -3.1% | 1.1% |
| Q4 25 | $-0.58 | $0.08 | ||
| Q3 25 | $-0.04 | $0.05 | ||
| Q2 25 | $-0.25 | $0.03 | ||
| Q1 25 | $-0.72 | $-0.01 | ||
| Q4 24 | $-1.04 | $-0.05 | ||
| Q3 24 | $-0.36 | $0.09 | ||
| Q2 24 | $0.56 | $-0.01 | ||
| Q1 24 | $-0.35 | $-0.01 |
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 | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $174.4M | $-12.9M |
| Total Assets | $477.4M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $24.4M | ||
| Q3 25 | $12.0M | $29.9M | ||
| Q2 25 | $14.6M | $29.3M | ||
| Q1 25 | $28.4M | $40.1M | ||
| Q4 24 | $5.2M | $24.3M | ||
| Q3 24 | $17.9M | $31.0M | ||
| Q2 24 | $7.4M | $27.6M | ||
| Q1 24 | $16.8M | $34.2M |
| Q4 25 | — | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | $43.3M | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $208.7M |
| Q4 25 | $174.4M | $-12.9M | ||
| Q3 25 | $182.5M | $7.5M | ||
| Q2 25 | $209.4M | $-25.0M | ||
| Q1 25 | $220.7M | $57.1M | ||
| Q4 24 | $236.4M | $-148.4M | ||
| Q3 24 | $282.2M | $-180.1M | ||
| Q2 24 | $297.4M | $-273.0M | ||
| Q1 24 | $297.4M | $-382.4M |
| Q4 25 | $477.4M | $959.5M | ||
| Q3 25 | $491.1M | $916.7M | ||
| Q2 25 | $508.8M | $905.5M | ||
| Q1 25 | $423.8M | $884.9M | ||
| Q4 24 | $405.1M | $881.1M | ||
| Q3 24 | $477.6M | $831.1M | ||
| Q2 24 | $483.2M | $782.3M | ||
| Q1 24 | $513.1M | $750.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| 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 | $-3.5M |
| Free Cash FlowOCF − Capex | $14.5M | $-13.4M |
| FCF MarginFCF / Revenue | 8.9% | -15.1% |
| Capex IntensityCapex / Revenue | 3.0% | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $-3.5M | ||
| Q3 25 | $13.8M | $18.2M | ||
| Q2 25 | $-2.3M | $-7.9M | ||
| Q1 25 | $-8.4M | $29.7M | ||
| Q4 24 | $9.5M | $-532.0K | ||
| Q3 24 | $35.7M | $17.7M | ||
| Q2 24 | $32.4M | $533.0K | ||
| Q1 24 | $6.0M | $13.7M |
| Q4 25 | $14.5M | $-13.4M | ||
| Q3 25 | $8.2M | $-9.3M | ||
| Q2 25 | $-6.8M | $-29.7M | ||
| Q1 25 | $-13.7M | $18.1M | ||
| Q4 24 | $1.8M | $-55.0M | ||
| Q3 24 | $28.2M | $-5.4M | ||
| Q2 24 | $27.0M | $-22.5M | ||
| Q1 24 | $372.0K | $-13.0M |
| Q4 25 | 8.9% | -15.1% | ||
| Q3 25 | 4.8% | -11.9% | ||
| Q2 25 | -4.2% | -38.4% | ||
| Q1 25 | -9.5% | 21.8% | ||
| Q4 24 | 1.2% | -73.8% | ||
| Q3 24 | 16.0% | -6.5% | ||
| Q2 24 | 14.3% | -32.2% | ||
| Q1 24 | 0.2% | -20.4% |
| Q4 25 | 3.0% | 11.1% | ||
| Q3 25 | 3.3% | 35.3% | ||
| Q2 25 | 2.8% | 28.2% | ||
| Q1 25 | 3.7% | 13.9% | ||
| Q4 24 | 5.1% | 73.1% | ||
| Q3 24 | 4.2% | 27.9% | ||
| Q2 24 | 2.8% | 32.9% | ||
| Q1 24 | 3.4% | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | — | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | 3.93× | 0.28× | ||
| Q1 24 | — | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVEO
Segment breakdown not available.
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
