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Side-by-side financial comparison of Civeo Corp (CVEO) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $91.6M, roughly 1.8× SHENANDOAH TELECOMMUNICATIONS CO). Civeo Corp runs the higher net margin — -4.0% vs -5.9%, a 1.9% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs 7.1%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
CVEO vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $91.6M |
| Net Profit | $-6.5M | $-5.4M |
| Gross Margin | 22.7% | — |
| Operating Margin | -0.1% | -1.0% |
| Net Margin | -4.0% | -5.9% |
| Revenue YoY | 7.1% | 7.2% |
| Net Profit YoY | 58.1% | -95.8% |
| EPS (diluted) | $-0.58 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $170.5M | $89.8M | ||
| Q2 25 | $162.7M | $88.6M | ||
| Q1 25 | $144.0M | $87.9M | ||
| Q4 24 | $151.0M | $85.4M | ||
| Q3 24 | $176.3M | $87.6M | ||
| Q2 24 | $188.7M | $85.8M | ||
| Q1 24 | $166.1M | $69.2M |
| Q4 25 | $-6.5M | $-5.4M | ||
| Q3 25 | $-455.0K | $-9.4M | ||
| Q2 25 | $-3.3M | $-9.0M | ||
| Q1 25 | $-9.8M | $-9.1M | ||
| Q4 24 | $-15.4M | $-2.7M | ||
| Q3 24 | $-5.1M | $-5.3M | ||
| Q2 24 | $8.2M | $-12.9M | ||
| Q1 24 | $-5.1M | $214.7M |
| 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% | -1.0% | ||
| Q3 25 | 4.1% | -8.0% | ||
| Q2 25 | 1.7% | -10.3% | ||
| Q1 25 | -3.8% | -6.9% | ||
| Q4 24 | -6.7% | -6.7% | ||
| Q3 24 | 0.0% | -4.8% | ||
| Q2 24 | 6.9% | -18.5% | ||
| Q1 24 | -1.1% | -4.0% |
| Q4 25 | -4.0% | -5.9% | ||
| Q3 25 | -0.3% | -10.5% | ||
| Q2 25 | -2.0% | -10.2% | ||
| Q1 25 | -6.8% | -10.4% | ||
| Q4 24 | -10.2% | -3.2% | ||
| Q3 24 | -2.9% | -6.0% | ||
| Q2 24 | 4.4% | -15.0% | ||
| Q1 24 | -3.1% | 310.0% |
| Q4 25 | $-0.58 | $-0.13 | ||
| Q3 25 | $-0.04 | $-0.20 | ||
| Q2 25 | $-0.25 | $-0.19 | ||
| Q1 25 | $-0.72 | $-0.19 | ||
| Q4 24 | $-1.04 | $-0.34 | ||
| Q3 24 | $-0.36 | $-0.13 | ||
| Q2 24 | $0.56 | $-0.24 | ||
| Q1 24 | $-0.35 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $174.4M | $880.8M |
| Total Assets | $477.4M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $27.3M | ||
| Q3 25 | $12.0M | $22.6M | ||
| Q2 25 | $14.6M | $29.1M | ||
| Q1 25 | $28.4M | $87.5M | ||
| Q4 24 | $5.2M | $46.3M | ||
| Q3 24 | $17.9M | $43.1M | ||
| Q2 24 | $7.4M | $43.8M | ||
| Q1 24 | $16.8M | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | $43.3M | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $174.4M | $880.8M | ||
| Q3 25 | $182.5M | $892.7M | ||
| Q2 25 | $209.4M | $902.0M | ||
| Q1 25 | $220.7M | $910.5M | ||
| Q4 24 | $236.4M | $918.6M | ||
| Q3 24 | $282.2M | $925.4M | ||
| Q2 24 | $297.4M | $933.1M | ||
| Q1 24 | $297.4M | $871.6M |
| Q4 25 | $477.4M | $1.9B | ||
| Q3 25 | $491.1M | $1.9B | ||
| Q2 25 | $508.8M | $1.8B | ||
| Q1 25 | $423.8M | $1.8B | ||
| Q4 24 | $405.1M | $1.7B | ||
| Q3 24 | $477.6M | $1.7B | ||
| Q2 24 | $483.2M | $1.7B | ||
| Q1 24 | $513.1M | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | 0.18× | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $14.5M | $-78.6M |
| FCF MarginFCF / Revenue | 8.9% | -85.8% |
| Capex IntensityCapex / Revenue | 3.0% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $28.8M | ||
| Q3 25 | $13.8M | $30.7M | ||
| Q2 25 | $-2.3M | $20.9M | ||
| Q1 25 | $-8.4M | $20.5M | ||
| Q4 24 | $9.5M | $20.6M | ||
| Q3 24 | $35.7M | $24.3M | ||
| Q2 24 | $32.4M | $2.5M | ||
| Q1 24 | $6.0M | $15.2M |
| Q4 25 | $14.5M | $-78.6M | ||
| Q3 25 | $8.2M | $-51.4M | ||
| Q2 25 | $-6.8M | $-65.3M | ||
| Q1 25 | $-13.7M | $-62.7M | ||
| Q4 24 | $1.8M | $-72.0M | ||
| Q3 24 | $28.2M | $-51.3M | ||
| Q2 24 | $27.0M | $-78.3M | ||
| Q1 24 | $372.0K | $-54.9M |
| Q4 25 | 8.9% | -85.8% | ||
| Q3 25 | 4.8% | -57.2% | ||
| Q2 25 | -4.2% | -73.7% | ||
| Q1 25 | -9.5% | -71.3% | ||
| Q4 24 | 1.2% | -84.3% | ||
| Q3 24 | 16.0% | -58.5% | ||
| Q2 24 | 14.3% | -91.3% | ||
| Q1 24 | 0.2% | -79.3% |
| Q4 25 | 3.0% | 117.2% | ||
| Q3 25 | 3.3% | 91.4% | ||
| Q2 25 | 2.8% | 97.3% | ||
| Q1 25 | 3.7% | 94.7% | ||
| Q4 24 | 5.1% | 108.4% | ||
| Q3 24 | 4.2% | 86.2% | ||
| Q2 24 | 2.8% | 94.2% | ||
| Q1 24 | 3.4% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.93× | — | ||
| Q1 24 | — | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVEO
Segment breakdown not available.
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
