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

Civeo Corp is the larger business by last-quarter revenue ($161.6M vs $160.8M, roughly 1.0× TransMedics Group, Inc.). TransMedics Group, Inc. runs the higher net margin — 65.6% vs -4.0%, a 69.5% gap on every dollar of revenue. On growth, TransMedics Group, Inc. posted the faster year-over-year revenue change (32.2% vs 7.1%). TransMedics Group, Inc. produced more free cash flow last quarter ($19.0M vs $14.5M). Over the past eight quarters, TransMedics Group, Inc.'s revenue compounded faster (28.8% 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.

TransMedics Group, Inc. develops and commercializes innovative medical technologies for organ transplantation. Its flagship Organ Care System keeps donor organs viable during transport, improving transplant outcomes for heart, lung, liver and kidney recipients. It serves transplant centers and organ procurement organizations across North America, Europe and Asia-Pacific.

CVEO vs TMDX — Head-to-Head

Bigger by revenue
CVEO
CVEO
1.0× larger
CVEO
$161.6M
$160.8M
TMDX
Growing faster (revenue YoY)
TMDX
TMDX
+25.1% gap
TMDX
32.2%
7.1%
CVEO
Higher net margin
TMDX
TMDX
69.5% more per $
TMDX
65.6%
-4.0%
CVEO
More free cash flow
TMDX
TMDX
$4.5M more FCF
TMDX
$19.0M
$14.5M
CVEO
Faster 2-yr revenue CAGR
TMDX
TMDX
Annualised
TMDX
28.8%
-1.4%
CVEO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVEO
CVEO
TMDX
TMDX
Revenue
$161.6M
$160.8M
Net Profit
$-6.5M
$105.4M
Gross Margin
22.7%
58.1%
Operating Margin
-0.1%
13.2%
Net Margin
-4.0%
65.6%
Revenue YoY
7.1%
32.2%
Net Profit YoY
58.1%
1436.9%
EPS (diluted)
$-0.58
$2.59

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
TMDX
TMDX
Q4 25
$161.6M
$160.8M
Q3 25
$170.5M
$143.8M
Q2 25
$162.7M
$157.4M
Q1 25
$144.0M
$143.5M
Q4 24
$151.0M
$121.6M
Q3 24
$176.3M
$108.8M
Q2 24
$188.7M
$114.3M
Q1 24
$166.1M
$96.8M
Net Profit
CVEO
CVEO
TMDX
TMDX
Q4 25
$-6.5M
$105.4M
Q3 25
$-455.0K
$24.3M
Q2 25
$-3.3M
$34.9M
Q1 25
$-9.8M
$25.7M
Q4 24
$-15.4M
$6.9M
Q3 24
$-5.1M
$4.2M
Q2 24
$8.2M
$12.2M
Q1 24
$-5.1M
$12.2M
Gross Margin
CVEO
CVEO
TMDX
TMDX
Q4 25
22.7%
58.1%
Q3 25
25.7%
58.8%
Q2 25
25.3%
61.4%
Q1 25
20.4%
61.5%
Q4 24
18.6%
59.2%
Q3 24
21.4%
55.9%
Q2 24
25.4%
60.6%
Q1 24
21.5%
61.9%
Operating Margin
CVEO
CVEO
TMDX
TMDX
Q4 25
-0.1%
13.2%
Q3 25
4.1%
16.2%
Q2 25
1.7%
23.2%
Q1 25
-3.8%
19.1%
Q4 24
-6.7%
7.1%
Q3 24
0.0%
3.6%
Q2 24
6.9%
10.9%
Q1 24
-1.1%
12.8%
Net Margin
CVEO
CVEO
TMDX
TMDX
Q4 25
-4.0%
65.6%
Q3 25
-0.3%
16.9%
Q2 25
-2.0%
22.2%
Q1 25
-6.8%
17.9%
Q4 24
-10.2%
5.6%
Q3 24
-2.9%
3.9%
Q2 24
4.4%
10.7%
Q1 24
-3.1%
12.6%
EPS (diluted)
CVEO
CVEO
TMDX
TMDX
Q4 25
$-0.58
$2.59
Q3 25
$-0.04
$0.66
Q2 25
$-0.25
$0.92
Q1 25
$-0.72
$0.70
Q4 24
$-1.04
$0.19
Q3 24
$-0.36
$0.12
Q2 24
$0.56
$0.35
Q1 24
$-0.35
$0.35

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
TMDX
TMDX
Cash + ST InvestmentsLiquidity on hand
$14.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.4M
$473.1M
Total Assets
$477.4M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
TMDX
TMDX
Q4 25
$14.4M
Q3 25
$12.0M
Q2 25
$14.6M
Q1 25
$28.4M
Q4 24
$5.2M
Q3 24
$17.9M
$330.1M
Q2 24
$7.4M
$362.8M
Q1 24
$16.8M
$350.2M
Total Debt
CVEO
CVEO
TMDX
TMDX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$43.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CVEO
CVEO
TMDX
TMDX
Q4 25
$174.4M
$473.1M
Q3 25
$182.5M
$355.2M
Q2 25
$209.4M
$318.1M
Q1 25
$220.7M
$266.3M
Q4 24
$236.4M
$228.6M
Q3 24
$282.2M
$209.9M
Q2 24
$297.4M
$189.9M
Q1 24
$297.4M
$159.5M
Total Assets
CVEO
CVEO
TMDX
TMDX
Q4 25
$477.4M
$1.1B
Q3 25
$491.1M
$946.0M
Q2 25
$508.8M
$890.5M
Q1 25
$423.8M
$837.5M
Q4 24
$405.1M
$804.1M
Q3 24
$477.6M
$785.6M
Q2 24
$483.2M
$758.6M
Q1 24
$513.1M
$723.8M
Debt / Equity
CVEO
CVEO
TMDX
TMDX
Q4 25
Q3 25
Q2 25
Q1 25
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
CVEO
CVEO
TMDX
TMDX
Operating Cash FlowLast quarter
$19.3M
$34.5M
Free Cash FlowOCF − Capex
$14.5M
$19.0M
FCF MarginFCF / Revenue
8.9%
11.8%
Capex IntensityCapex / Revenue
3.0%
9.7%
Cash ConversionOCF / Net Profit
0.33×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$133.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
TMDX
TMDX
Q4 25
$19.3M
$34.5M
Q3 25
$13.8M
$69.6M
Q2 25
$-2.3M
$91.6M
Q1 25
$-8.4M
$-2.9M
Q4 24
$9.5M
$19.7M
Q3 24
$35.7M
$6.9M
Q2 24
$32.4M
$25.7M
Q1 24
$6.0M
$-3.4M
Free Cash Flow
CVEO
CVEO
TMDX
TMDX
Q4 25
$14.5M
$19.0M
Q3 25
$8.2M
$61.9M
Q2 25
$-6.8M
$82.5M
Q1 25
$-13.7M
$-29.9M
Q4 24
$1.8M
$6.1M
Q3 24
$28.2M
$-41.3M
Q2 24
$27.0M
$2.0M
Q1 24
$372.0K
$-47.6M
FCF Margin
CVEO
CVEO
TMDX
TMDX
Q4 25
8.9%
11.8%
Q3 25
4.8%
43.1%
Q2 25
-4.2%
52.4%
Q1 25
-9.5%
-20.8%
Q4 24
1.2%
5.0%
Q3 24
16.0%
-38.0%
Q2 24
14.3%
1.7%
Q1 24
0.2%
-49.2%
Capex Intensity
CVEO
CVEO
TMDX
TMDX
Q4 25
3.0%
9.7%
Q3 25
3.3%
5.3%
Q2 25
2.8%
5.8%
Q1 25
3.7%
18.8%
Q4 24
5.1%
11.2%
Q3 24
4.2%
44.3%
Q2 24
2.8%
20.8%
Q1 24
3.4%
45.6%
Cash Conversion
CVEO
CVEO
TMDX
TMDX
Q4 25
0.33×
Q3 25
2.86×
Q2 25
2.62×
Q1 25
-0.11×
Q4 24
2.87×
Q3 24
1.63×
Q2 24
3.93×
2.11×
Q1 24
-0.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVEO
CVEO

Segment breakdown not available.

TMDX
TMDX

Liver Product$127.0M79%
Heart Product$26.0M16%
Other$5.9M4%
Lung Product$1.9M1%

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