Civeo Corporation (CVEO) Stock

Civeo Corporation (CVEO) is a Consumer Discretionary stock trading at $34.60 (as of 2026-08-20), with a market capitalization of $357.66M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Civeo Corporation operates hospitality and workforce accommodation for the natural resource industry, providing lodges and villages and mobile accommodations, along with related on-site services such as food, housekeeping, maintenance, and facility operations. The company serves customers in Canada, Australia, and the United States, including oil, mining, engineering, and oilfield and mining service companies.

Understand Civeo Corporation: how it makes money

Civeo provides workforce hospitality for the natural resource industry, operating lodges and villages and offering mobile accommodations plus food, housekeeping, maintenance, and camp and facility management, with revenue generated from these accommodation and integrated services.

The profit model combines on-site workforce housing (asset-intensive accommodations and infrastructure) with outsourced, asset-light services (catering and facility management), so results are driven by both the scale of villages and the mix of integrated services versus accommodation-heavy offerings.

Revenue by segment (latest quarter)
Australia$0.1B
Canada$0.1B
Other$0.0B

Business quality (Weak): Clear operating story tied to natural resource workforce lodging and integrated services, but with a thin operating margin (1.8%), the business model likely has limited room for cost surprises.

Bull case

  • Integrated services can broaden what it sells per site: Beyond accommodation, Civeo provides food, housekeeping, maintenance, laundry, facility management and maintenance, and other camp management services, which can support integrated services revenue (33% shown).
  • Revenue is concentrated but not single-country: Australia is the largest revenue source (0.12B), with Canada also contributing (0.05B), reducing the risk of relying on only one geography.
  • Mixed business model spans asset-light and asset-intensive work: The company reports both revenue from asset-light catering and facility management (0.11B) and revenue from asset-intensive accommodations and infrastructure (0.05B), indicating exposure to multiple demand and delivery types.

Bear case

  • Thin operating margin increases sensitivity to cost changes: Operating margin is 1.8% for the latest period provided, which suggests limited buffer if labor, utilities, logistics, or facility costs rise.
  • Business demand is tied to the natural resource workforce: Civeo serves the natural resource industry, so activity levels that drive long-term and temporary workforce accommodations can affect utilization and revenue.
  • Asset-intensive infrastructure can be harder to adjust quickly: Because Civeo develops lodges and villages and provides accommodations and infrastructure (asset-intensive revenue category shown), fixed or semi-fixed operating requirements could pressure results when demand softens.
Valuation — source: SEC EDGAR (first-party)
Price$34.60
Market Cap$357.66M
EV / EBITDA6.3
Price / Book2.24
Price / Sales0.52
FCF Yield4.7%
DCF Value (model)$74.49
DCF Upside vs Price115.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$638.85M
Net Margin-3.1%
Revenue Growth (YoY)10.6%
EPS Growth (YoY)-8.0%
FCF Growth (YoY)-216.4%
Financial Health — source: SEC EDGAR
Altman Z-Score-0.87 (distress)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Restaurants, Hotels & Motels)26.6
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderHORIZON KINETICS ASSET MANAGEMENT LLC ($62.24M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryRestaurants, Hotels & Motels
CEOBradley J. Dodson
Employees2,600
CountryUS
IPO Date2014-05-19

Related Companies (Business model: Hotels & Lodging (Asset-Light Franchisors and Asset-Heavy Lodging REITs); 8 closest by market cap; US-domiciled)

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CVEO earnings history · CVEO institutional & insider holders · CVEO KPIs & operating metrics · CVEO financials · CVEO investor presentations & press releases · CVEO SEC filings · CVEO peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.