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

Wheels Up Experience Inc. is the larger business by last-quarter revenue ($183.8M vs $161.6M, roughly 1.1× Civeo Corp). Civeo Corp runs the higher net margin — -4.0% vs -15.7%, a 11.7% gap on every dollar of revenue. On growth, Civeo Corp posted the faster year-over-year revenue change (7.1% vs -10.2%). Civeo Corp produced more free cash flow last quarter ($14.5M vs $-58.3M). Over the past eight quarters, Civeo Corp's revenue compounded faster (-1.4% CAGR vs -3.4%).

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.

Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.

CVEO vs UP — Head-to-Head

Bigger by revenue
UP
UP
1.1× larger
UP
$183.8M
$161.6M
CVEO
Growing faster (revenue YoY)
CVEO
CVEO
+17.3% gap
CVEO
7.1%
-10.2%
UP
Higher net margin
CVEO
CVEO
11.7% more per $
CVEO
-4.0%
-15.7%
UP
More free cash flow
CVEO
CVEO
$72.7M more FCF
CVEO
$14.5M
$-58.3M
UP
Faster 2-yr revenue CAGR
CVEO
CVEO
Annualised
CVEO
-1.4%
-3.4%
UP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVEO
CVEO
UP
UP
Revenue
$161.6M
$183.8M
Net Profit
$-6.5M
$-28.9M
Gross Margin
22.7%
14.3%
Operating Margin
-0.1%
-0.9%
Net Margin
-4.0%
-15.7%
Revenue YoY
7.1%
-10.2%
Net Profit YoY
58.1%
67.0%
EPS (diluted)
$-0.58
$-0.04

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
UP
UP
Q4 25
$161.6M
$183.8M
Q3 25
$170.5M
$185.5M
Q2 25
$162.7M
$189.6M
Q1 25
$144.0M
$177.5M
Q4 24
$151.0M
$204.8M
Q3 24
$176.3M
$193.9M
Q2 24
$188.7M
$196.3M
Q1 24
$166.1M
$197.1M
Net Profit
CVEO
CVEO
UP
UP
Q4 25
$-6.5M
$-28.9M
Q3 25
$-455.0K
$-83.7M
Q2 25
$-3.3M
$-82.3M
Q1 25
$-9.8M
$-99.3M
Q4 24
$-15.4M
$-87.5M
Q3 24
$-5.1M
$-57.7M
Q2 24
$8.2M
$-97.0M
Q1 24
$-5.1M
$-97.4M
Gross Margin
CVEO
CVEO
UP
UP
Q4 25
22.7%
14.3%
Q3 25
25.7%
6.8%
Q2 25
25.3%
8.3%
Q1 25
20.4%
10.8%
Q4 24
18.6%
13.9%
Q3 24
21.4%
13.9%
Q2 24
25.4%
2.3%
Q1 24
21.5%
-0.6%
Operating Margin
CVEO
CVEO
UP
UP
Q4 25
-0.1%
-0.9%
Q3 25
4.1%
-33.1%
Q2 25
1.7%
-31.4%
Q1 25
-3.8%
-45.5%
Q4 24
-6.7%
-26.0%
Q3 24
0.0%
-21.6%
Q2 24
6.9%
-40.3%
Q1 24
-1.1%
-42.9%
Net Margin
CVEO
CVEO
UP
UP
Q4 25
-4.0%
-15.7%
Q3 25
-0.3%
-45.1%
Q2 25
-2.0%
-43.4%
Q1 25
-6.8%
-55.9%
Q4 24
-10.2%
-42.7%
Q3 24
-2.9%
-29.8%
Q2 24
4.4%
-49.4%
Q1 24
-3.1%
-49.4%
EPS (diluted)
CVEO
CVEO
UP
UP
Q4 25
$-0.58
$-0.04
Q3 25
$-0.04
$-0.12
Q2 25
$-0.25
$-0.12
Q1 25
$-0.72
$-0.14
Q4 24
$-1.04
$-0.13
Q3 24
$-0.36
$-0.08
Q2 24
$0.56
$-0.14
Q1 24
$-0.35
$-0.14

Balance Sheet & Financial Strength

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

Metric
CVEO
CVEO
UP
UP
Cash + ST InvestmentsLiquidity on hand
$14.4M
$133.9M
Total DebtLower is stronger
$671.3M
Stockholders' EquityBook value
$174.4M
$-392.1M
Total Assets
$477.4M
$968.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVEO
CVEO
UP
UP
Q4 25
$14.4M
$133.9M
Q3 25
$12.0M
$125.3M
Q2 25
$14.6M
$107.0M
Q1 25
$28.4M
$171.8M
Q4 24
$5.2M
$216.4M
Q3 24
$17.9M
$115.9M
Q2 24
$7.4M
$141.5M
Q1 24
$16.8M
$180.9M
Total Debt
CVEO
CVEO
UP
UP
Q4 25
$671.3M
Q3 25
$766.5M
Q2 25
$770.5M
Q1 25
$765.8M
Q4 24
$43.3M
$761.3M
Q3 24
$596.9M
Q2 24
$597.4M
Q1 24
$603.2M
Stockholders' Equity
CVEO
CVEO
UP
UP
Q4 25
$174.4M
$-392.1M
Q3 25
$182.5M
$-374.5M
Q2 25
$209.4M
$-347.8M
Q1 25
$220.7M
$-288.1M
Q4 24
$236.4M
$-202.1M
Q3 24
$282.2M
$-117.7M
Q2 24
$297.4M
$-72.2M
Q1 24
$297.4M
$936.0K
Total Assets
CVEO
CVEO
UP
UP
Q4 25
$477.4M
$968.8M
Q3 25
$491.1M
$973.0M
Q2 25
$508.8M
$1.0B
Q1 25
$423.8M
$1.1B
Q4 24
$405.1M
$1.2B
Q3 24
$477.6M
$1.0B
Q2 24
$483.2M
$1.1B
Q1 24
$513.1M
$1.2B
Debt / Equity
CVEO
CVEO
UP
UP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.18×
Q3 24
Q2 24
Q1 24
644.43×

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
UP
UP
Operating Cash FlowLast quarter
$19.3M
$-18.4M
Free Cash FlowOCF − Capex
$14.5M
$-58.3M
FCF MarginFCF / Revenue
8.9%
-31.7%
Capex IntensityCapex / Revenue
3.0%
21.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$-259.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVEO
CVEO
UP
UP
Q4 25
$19.3M
$-18.4M
Q3 25
$13.8M
$-37.1M
Q2 25
$-2.3M
$-62.9M
Q1 25
$-8.4M
$-47.9M
Q4 24
$9.5M
$37.9M
Q3 24
$35.7M
$-16.9M
Q2 24
$32.4M
$-25.2M
Q1 24
$6.0M
$-73.8M
Free Cash Flow
CVEO
CVEO
UP
UP
Q4 25
$14.5M
$-58.3M
Q3 25
$8.2M
$-60.4M
Q2 25
$-6.8M
$-78.6M
Q1 25
$-13.7M
$-62.6M
Q4 24
$1.8M
$-70.2M
Q3 24
$28.2M
$-21.9M
Q2 24
$27.0M
$-30.8M
Q1 24
$372.0K
$-77.8M
FCF Margin
CVEO
CVEO
UP
UP
Q4 25
8.9%
-31.7%
Q3 25
4.8%
-32.6%
Q2 25
-4.2%
-41.5%
Q1 25
-9.5%
-35.3%
Q4 24
1.2%
-34.3%
Q3 24
16.0%
-11.3%
Q2 24
14.3%
-15.7%
Q1 24
0.2%
-39.5%
Capex Intensity
CVEO
CVEO
UP
UP
Q4 25
3.0%
21.7%
Q3 25
3.3%
12.5%
Q2 25
2.8%
8.3%
Q1 25
3.7%
8.3%
Q4 24
5.1%
52.8%
Q3 24
4.2%
2.6%
Q2 24
2.8%
2.9%
Q1 24
3.4%
2.0%
Cash Conversion
CVEO
CVEO
UP
UP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.93×
Q1 24

Financial Flow Comparison

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

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