vs
Side-by-side financial comparison of Civeo Corp (CVEO) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $86.0M, roughly 1.9× Smart Sand, Inc.). Smart Sand, Inc. runs the higher net margin — 1.4% vs -4.0%, a 5.4% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -5.8%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $14.5M). Over the past eight quarters, Smart Sand, Inc.'s revenue compounded faster (1.8% 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.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
CVEO vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $86.0M |
| Net Profit | $-6.5M | $1.2M |
| Gross Margin | 22.7% | 13.0% |
| Operating Margin | -0.1% | -3.1% |
| Net Margin | -4.0% | 1.4% |
| Revenue YoY | 7.1% | -5.8% |
| Net Profit YoY | 58.1% | -68.5% |
| EPS (diluted) | $-0.58 | $0.03 |
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 | $86.0M | ||
| Q3 25 | $170.5M | $92.8M | ||
| Q2 25 | $162.7M | $85.8M | ||
| Q1 25 | $144.0M | $65.6M | ||
| Q4 24 | $151.0M | $91.4M | ||
| Q3 24 | $176.3M | $63.2M | ||
| Q2 24 | $188.7M | $73.8M | ||
| Q1 24 | $166.1M | $83.1M |
| Q4 25 | $-6.5M | $1.2M | ||
| Q3 25 | $-455.0K | $3.0M | ||
| Q2 25 | $-3.3M | $21.4M | ||
| Q1 25 | $-9.8M | $-24.2M | ||
| Q4 24 | $-15.4M | $3.7M | ||
| Q3 24 | $-5.1M | $-98.0K | ||
| Q2 24 | $8.2M | $-430.0K | ||
| Q1 24 | $-5.1M | $-216.0K |
| Q4 25 | 22.7% | 13.0% | ||
| Q3 25 | 25.7% | 16.1% | ||
| Q2 25 | 25.3% | 10.4% | ||
| Q1 25 | 20.4% | 4.2% | ||
| Q4 24 | 18.6% | 14.7% | ||
| Q3 24 | 21.4% | 10.3% | ||
| Q2 24 | 25.4% | 17.7% | ||
| Q1 24 | 21.5% | 14.2% |
| Q4 25 | -0.1% | -3.1% | ||
| Q3 25 | 4.1% | 5.8% | ||
| Q2 25 | 1.7% | -0.1% | ||
| Q1 25 | -3.8% | -10.8% | ||
| Q4 24 | -6.7% | 3.9% | ||
| Q3 24 | 0.0% | -7.8% | ||
| Q2 24 | 6.9% | 4.8% | ||
| Q1 24 | -1.1% | 0.9% |
| Q4 25 | -4.0% | 1.4% | ||
| Q3 25 | -0.3% | 3.2% | ||
| Q2 25 | -2.0% | 24.9% | ||
| Q1 25 | -6.8% | -37.0% | ||
| Q4 24 | -10.2% | 4.1% | ||
| Q3 24 | -2.9% | -0.2% | ||
| Q2 24 | 4.4% | -0.6% | ||
| Q1 24 | -3.1% | -0.3% |
| Q4 25 | $-0.58 | $0.03 | ||
| Q3 25 | $-0.04 | $0.08 | ||
| Q2 25 | $-0.25 | $0.54 | ||
| Q1 25 | $-0.72 | $-0.62 | ||
| Q4 24 | $-1.04 | $0.10 | ||
| Q3 24 | $-0.36 | $0.00 | ||
| 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 | $22.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $174.4M | $239.7M |
| Total Assets | $477.4M | $340.0M |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $22.6M | ||
| Q3 25 | $12.0M | $5.1M | ||
| Q2 25 | $14.6M | $4.3M | ||
| Q1 25 | $28.4M | $5.1M | ||
| Q4 24 | $5.2M | $1.6M | ||
| Q3 24 | $17.9M | $7.2M | ||
| Q2 24 | $7.4M | $6.3M | ||
| Q1 24 | $16.8M | $4.6M |
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $14.3M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | $43.3M | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | $174.4M | $239.7M | ||
| Q3 25 | $182.5M | $239.9M | ||
| Q2 25 | $209.4M | $240.5M | ||
| Q1 25 | $220.7M | $219.9M | ||
| Q4 24 | $236.4M | $243.8M | ||
| Q3 24 | $282.2M | $243.6M | ||
| Q2 24 | $297.4M | $242.9M | ||
| Q1 24 | $297.4M | $242.5M |
| Q4 25 | $477.4M | $340.0M | ||
| Q3 25 | $491.1M | $343.1M | ||
| Q2 25 | $508.8M | $345.8M | ||
| Q1 25 | $423.8M | $326.9M | ||
| Q4 24 | $405.1M | $341.5M | ||
| Q3 24 | $477.6M | $335.8M | ||
| Q2 24 | $483.2M | $341.8M | ||
| Q1 24 | $513.1M | $349.3M |
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | 0.18× | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.11× |
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 | $22.4M |
| Free Cash FlowOCF − Capex | $14.5M | $20.4M |
| FCF MarginFCF / Revenue | 8.9% | 23.7% |
| Capex IntensityCapex / Revenue | 3.0% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $22.4M | ||
| Q3 25 | $13.8M | $18.2M | ||
| Q2 25 | $-2.3M | $-5.1M | ||
| Q1 25 | $-8.4M | $8.7M | ||
| Q4 24 | $9.5M | $1.0M | ||
| Q3 24 | $35.7M | $5.8M | ||
| Q2 24 | $32.4M | $14.9M | ||
| Q1 24 | $6.0M | $-3.9M |
| Q4 25 | $14.5M | $20.4M | ||
| Q3 25 | $8.2M | $14.8M | ||
| Q2 25 | $-6.8M | $-7.8M | ||
| Q1 25 | $-13.7M | $5.2M | ||
| Q4 24 | $1.8M | $-840.0K | ||
| Q3 24 | $28.2M | $3.7M | ||
| Q2 24 | $27.0M | $13.5M | ||
| Q1 24 | $372.0K | $-5.5M |
| Q4 25 | 8.9% | 23.7% | ||
| Q3 25 | 4.8% | 15.9% | ||
| Q2 25 | -4.2% | -9.1% | ||
| Q1 25 | -9.5% | 7.9% | ||
| Q4 24 | 1.2% | -0.9% | ||
| Q3 24 | 16.0% | 5.8% | ||
| Q2 24 | 14.3% | 18.3% | ||
| Q1 24 | 0.2% | -6.6% |
| Q4 25 | 3.0% | 2.3% | ||
| Q3 25 | 3.3% | 3.6% | ||
| Q2 25 | 2.8% | 3.1% | ||
| Q1 25 | 3.7% | 5.4% | ||
| Q4 24 | 5.1% | 2.1% | ||
| Q3 24 | 4.2% | 3.4% | ||
| Q2 24 | 2.8% | 1.8% | ||
| Q1 24 | 3.4% | 2.0% |
| Q4 25 | — | 18.99× | ||
| Q3 25 | — | 6.05× | ||
| Q2 25 | — | -0.24× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.28× | ||
| 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
Segment breakdown not available.
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
