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Side-by-side financial comparison of Civeo Corp (CVEO) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $73.5M, roughly 2.2× Target Hospitality Corp.). Civeo Corp runs the higher net margin — -4.0% vs -20.3%, a 16.3% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 7.1%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
CVEO vs TH — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $73.5M |
| Net Profit | $-6.5M | $-14.9M |
| Gross Margin | 22.7% | 9.6% |
| Operating Margin | -0.1% | -22.9% |
| Net Margin | -4.0% | -20.3% |
| Revenue YoY | 7.1% | 22.0% |
| Net Profit YoY | 58.1% | -219.1% |
| EPS (diluted) | $-0.58 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $170.5M | $91.6M | ||
| Q2 25 | $162.7M | $54.9M | ||
| Q1 25 | $144.0M | $54.9M | ||
| Q4 24 | $151.0M | $60.2M | ||
| Q3 24 | $176.3M | $65.8M | ||
| Q2 24 | $188.7M | $67.5M | ||
| Q1 24 | $166.1M | $72.4M |
| Q4 25 | $-6.5M | $-14.9M | ||
| Q3 25 | $-455.0K | $-795.0K | ||
| Q2 25 | $-3.3M | $-14.9M | ||
| Q1 25 | $-9.8M | $-6.5M | ||
| Q4 24 | $-15.4M | $12.5M | ||
| Q3 24 | $-5.1M | $20.0M | ||
| Q2 24 | $8.2M | $18.4M | ||
| Q1 24 | $-5.1M | $20.4M |
| Q4 25 | 22.7% | 9.6% | ||
| Q3 25 | 25.7% | 19.6% | ||
| Q2 25 | 25.3% | -0.6% | ||
| Q1 25 | 20.4% | 32.7% | ||
| Q4 24 | 18.6% | 61.5% | ||
| Q3 24 | 21.4% | 68.7% | ||
| Q2 24 | 25.4% | 69.4% | ||
| Q1 24 | 21.5% | 67.8% |
| Q4 25 | -0.1% | -22.9% | ||
| Q3 25 | 4.1% | 0.1% | ||
| Q2 25 | 1.7% | -30.8% | ||
| Q1 25 | -3.8% | -2.0% | ||
| Q4 24 | -6.7% | 34.5% | ||
| Q3 24 | 0.0% | 42.5% | ||
| Q2 24 | 6.9% | 43.8% | ||
| Q1 24 | -1.1% | 42.0% |
| Q4 25 | -4.0% | -20.3% | ||
| Q3 25 | -0.3% | -0.9% | ||
| Q2 25 | -2.0% | -27.2% | ||
| Q1 25 | -6.8% | -11.8% | ||
| Q4 24 | -10.2% | 20.8% | ||
| Q3 24 | -2.9% | 30.4% | ||
| Q2 24 | 4.4% | 27.2% | ||
| Q1 24 | -3.1% | 28.2% |
| Q4 25 | $-0.58 | $-0.14 | ||
| Q3 25 | $-0.04 | $-0.01 | ||
| Q2 25 | $-0.25 | $-0.15 | ||
| Q1 25 | $-0.72 | $-0.07 | ||
| Q4 24 | $-1.04 | $0.12 | ||
| Q3 24 | $-0.36 | $0.20 | ||
| Q2 24 | $0.56 | $0.18 | ||
| Q1 24 | $-0.35 | $0.20 |
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 | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $174.4M | $389.3M |
| Total Assets | $477.4M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $8.3M | ||
| Q3 25 | $12.0M | $30.4M | ||
| Q2 25 | $14.6M | $19.2M | ||
| Q1 25 | $28.4M | $34.5M | ||
| Q4 24 | $5.2M | $190.7M | ||
| Q3 24 | $17.9M | $177.7M | ||
| Q2 24 | $7.4M | $154.3M | ||
| Q1 24 | $16.8M | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | $43.3M | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $174.4M | $389.3M | ||
| Q3 25 | $182.5M | $402.4M | ||
| Q2 25 | $209.4M | $401.3M | ||
| Q1 25 | $220.7M | $415.3M | ||
| Q4 24 | $236.4M | $421.1M | ||
| Q3 24 | $282.2M | $417.6M | ||
| Q2 24 | $297.4M | $397.2M | ||
| Q1 24 | $297.4M | $375.5M |
| Q4 25 | $477.4M | $530.2M | ||
| Q3 25 | $491.1M | $541.2M | ||
| Q2 25 | $508.8M | $533.7M | ||
| Q1 25 | $423.8M | $562.5M | ||
| Q4 24 | $405.1M | $725.8M | ||
| Q3 24 | $477.6M | $709.8M | ||
| Q2 24 | $483.2M | $697.0M | ||
| Q1 24 | $513.1M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | 0.18× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| Free Cash FlowOCF − Capex | $14.5M | — |
| FCF MarginFCF / Revenue | 8.9% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $5.7M | ||
| Q3 25 | $13.8M | $53.4M | ||
| Q2 25 | $-2.3M | $11.1M | ||
| Q1 25 | $-8.4M | $3.9M | ||
| Q4 24 | $9.5M | $30.6M | ||
| Q3 24 | $35.7M | $31.4M | ||
| Q2 24 | $32.4M | $39.1M | ||
| Q1 24 | $6.0M | $50.6M |
| Q4 25 | $14.5M | — | ||
| Q3 25 | $8.2M | — | ||
| Q2 25 | $-6.8M | — | ||
| Q1 25 | $-13.7M | $-11.6M | ||
| Q4 24 | $1.8M | — | ||
| Q3 24 | $28.2M | — | ||
| Q2 24 | $27.0M | — | ||
| Q1 24 | $372.0K | — |
| Q4 25 | 8.9% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | -4.2% | — | ||
| Q1 25 | -9.5% | -21.1% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 14.3% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | 3.0% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 3.7% | 28.2% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | 3.93× | 2.13× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVEO
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
