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

Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $161.6M, roughly 1.5× Civeo Corp). Tecnoglass Inc. runs the higher net margin — 10.6% vs -4.0%, a 14.6% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs 2.4%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.

Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.

CVEO vs TGLS — Head-to-Head

Bigger by revenue
TGLS
TGLS
1.5× larger
TGLS
$245.3M
$161.6M
CVEO
Growing faster (revenue YoY)
CVEO
CVEO
+4.7% gap
CVEO
7.1%
2.4%
TGLS
Higher net margin
TGLS
TGLS
14.6% more per $
TGLS
10.6%
-4.0%
CVEO
More free cash flow
CVEO
CVEO
$3.0M more FCF
CVEO
$14.5M
$11.4M
TGLS
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
-1.4%
CVEO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVEO
CVEO
TGLS
TGLS
Revenue
$161.6M
$245.3M
Net Profit
$-6.5M
$26.1M
Gross Margin
22.7%
40.0%
Operating Margin
-0.1%
18.3%
Net Margin
-4.0%
10.6%
Revenue YoY
7.1%
2.4%
Net Profit YoY
58.1%
-44.5%
EPS (diluted)
$-0.58
$0.57

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
TGLS
TGLS
Q4 25
$161.6M
$245.3M
Q3 25
$170.5M
$260.5M
Q2 25
$162.7M
$255.5M
Q1 25
$144.0M
$222.3M
Q4 24
$151.0M
$239.6M
Q3 24
$176.3M
$238.3M
Q2 24
$188.7M
$219.7M
Q1 24
$166.1M
$192.6M
Net Profit
CVEO
CVEO
TGLS
TGLS
Q4 25
$-6.5M
$26.1M
Q3 25
$-455.0K
$47.2M
Q2 25
$-3.3M
$44.1M
Q1 25
$-9.8M
$42.2M
Q4 24
$-15.4M
$47.0M
Q3 24
$-5.1M
$49.5M
Q2 24
$8.2M
$35.0M
Q1 24
$-5.1M
$29.7M
Gross Margin
CVEO
CVEO
TGLS
TGLS
Q4 25
22.7%
40.0%
Q3 25
25.7%
42.7%
Q2 25
25.3%
44.7%
Q1 25
20.4%
43.9%
Q4 24
18.6%
44.5%
Q3 24
21.4%
45.8%
Q2 24
25.4%
40.8%
Q1 24
21.5%
38.8%
Operating Margin
CVEO
CVEO
TGLS
TGLS
Q4 25
-0.1%
18.3%
Q3 25
4.1%
25.1%
Q2 25
1.7%
24.0%
Q1 25
-3.8%
26.7%
Q4 24
-6.7%
28.0%
Q3 24
0.0%
28.4%
Q2 24
6.9%
23.3%
Q1 24
-1.1%
21.3%
Net Margin
CVEO
CVEO
TGLS
TGLS
Q4 25
-4.0%
10.6%
Q3 25
-0.3%
18.1%
Q2 25
-2.0%
17.3%
Q1 25
-6.8%
19.0%
Q4 24
-10.2%
19.6%
Q3 24
-2.9%
20.8%
Q2 24
4.4%
15.9%
Q1 24
-3.1%
15.4%
EPS (diluted)
CVEO
CVEO
TGLS
TGLS
Q4 25
$-0.58
$0.57
Q3 25
$-0.04
$1.01
Q2 25
$-0.25
$0.94
Q1 25
$-0.72
$0.90
Q4 24
$-1.04
$1.00
Q3 24
$-0.36
$1.05
Q2 24
$0.56
$0.75
Q1 24
$-0.35
$0.63

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$14.4M
$104.1M
Total DebtLower is stronger
$174.4M
Stockholders' EquityBook value
$174.4M
$713.1M
Total Assets
$477.4M
$1.3B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
TGLS
TGLS
Q4 25
$14.4M
$104.1M
Q3 25
$12.0M
$127.1M
Q2 25
$14.6M
$140.9M
Q1 25
$28.4M
$160.2M
Q4 24
$5.2M
$137.5M
Q3 24
$17.9M
$124.8M
Q2 24
$7.4M
$129.5M
Q1 24
$16.8M
$138.8M
Total Debt
CVEO
CVEO
TGLS
TGLS
Q4 25
$174.4M
Q3 25
$114.7M
Q2 25
$110.6M
Q1 25
$110.6M
Q4 24
$43.3M
$111.1M
Q3 24
$126.8M
Q2 24
$144.7M
Q1 24
$160.9M
Stockholders' Equity
CVEO
CVEO
TGLS
TGLS
Q4 25
$174.4M
$713.1M
Q3 25
$182.5M
$764.0M
Q2 25
$209.4M
$736.0M
Q1 25
$220.7M
$685.1M
Q4 24
$236.4M
$631.2M
Q3 24
$282.2M
$613.3M
Q2 24
$297.4M
$574.8M
Q1 24
$297.4M
$573.6M
Total Assets
CVEO
CVEO
TGLS
TGLS
Q4 25
$477.4M
$1.3B
Q3 25
$491.1M
$1.2B
Q2 25
$508.8M
$1.2B
Q1 25
$423.8M
$1.1B
Q4 24
$405.1M
$1.0B
Q3 24
$477.6M
$996.3M
Q2 24
$483.2M
$942.5M
Q1 24
$513.1M
$981.6M
Debt / Equity
CVEO
CVEO
TGLS
TGLS
Q4 25
0.24×
Q3 25
0.15×
Q2 25
0.15×
Q1 25
0.16×
Q4 24
0.18×
0.18×
Q3 24
0.21×
Q2 24
0.25×
Q1 24
0.28×

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
TGLS
TGLS
Operating Cash FlowLast quarter
$19.3M
$31.0M
Free Cash FlowOCF − Capex
$14.5M
$11.4M
FCF MarginFCF / Revenue
8.9%
4.7%
Capex IntensityCapex / Revenue
3.0%
8.0%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
TGLS
TGLS
Q4 25
$19.3M
$31.0M
Q3 25
$13.8M
$40.0M
Q2 25
$-2.3M
$17.9M
Q1 25
$-8.4M
$46.9M
Q4 24
$9.5M
$61.1M
Q3 24
$35.7M
$41.5M
Q2 24
$32.4M
$34.5M
Q1 24
$6.0M
$33.4M
Free Cash Flow
CVEO
CVEO
TGLS
TGLS
Q4 25
$14.5M
$11.4M
Q3 25
$8.2M
$21.2M
Q2 25
$-6.8M
$-14.7M
Q1 25
$-13.7M
$16.5M
Q4 24
$1.8M
$35.4M
Q3 24
$28.2M
$17.8M
Q2 24
$27.0M
$14.2M
Q1 24
$372.0K
$23.6M
FCF Margin
CVEO
CVEO
TGLS
TGLS
Q4 25
8.9%
4.7%
Q3 25
4.8%
8.2%
Q2 25
-4.2%
-5.7%
Q1 25
-9.5%
7.4%
Q4 24
1.2%
14.8%
Q3 24
16.0%
7.5%
Q2 24
14.3%
6.5%
Q1 24
0.2%
12.2%
Capex Intensity
CVEO
CVEO
TGLS
TGLS
Q4 25
3.0%
8.0%
Q3 25
3.3%
7.2%
Q2 25
2.8%
12.7%
Q1 25
3.7%
13.7%
Q4 24
5.1%
10.7%
Q3 24
4.2%
9.9%
Q2 24
2.8%
9.2%
Q1 24
3.4%
5.1%
Cash Conversion
CVEO
CVEO
TGLS
TGLS
Q4 25
1.19×
Q3 25
0.85×
Q2 25
0.41×
Q1 25
1.11×
Q4 24
1.30×
Q3 24
0.84×
Q2 24
3.93×
0.98×
Q1 24
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVEO
CVEO

Segment breakdown not available.

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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