Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Civeo Corp.CVEO · other | |
|---|---|
| Grade |  Dfourth fifth of 336 graded peers; percentile 67.2, sampling error 2.6 points; lower is stronger |
| Rank | 226 of 336 |
| Profitability | Bpercentile 34.8 |
| Solvency | C/Dpercentile 62.1 |
| Growth and financing | Dpercentile 64.2 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $477.4M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 8 of 14 |
| Graded from | filings received through Mar 3, 2026220 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $31.772026-10-08; market equity $328.4M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 3, 2026; the document on sec.gov.
We maintain a website with the address of www.civeo.com. We are not including the information contained on our website as a part of, or incorporating it by reference into, this annual report. We file or furnish annual, quarterly and current reports, proxy statements and other documents with the Securities and Exchange Commission (the SEC). We make available free of charge through our website our Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and amendments to these reports, as soon as reasonably practicable after we electronically file such material with, or furnish such material to, the SEC.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 34.8 | |||||||
| Gross profitability | 31.6% | [1,3] | 27.1% | 40.6 | 289 | 2025-12-31 | |
| Return on invested capital | not computable | 10.0% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | (9.6%) | [1,4-6] | (5.9%) | 28.9 | 506 | 2025-12-31 | |
| Gross margin stability, five years | not computable | 2.2 pts | |||||
| five annual gross margins are required; found 2 | |||||||
| Solvency, sleeve percentile 62.1 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | (5.93) | [1,7-12] | 2.05 | 84.4 | 386 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 2.52x | |||||
| latest aligned inputs end 2024-12-31; latest annual assets end 2025-12-31 | |||||||
| Interest coverage | not computable | 2.18x | |||||
| latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31 | |||||||
| Current ratio | 1.54x | [7-8] | 1.32x | 39.8 | 506 | 2025-12-31 | |
| Growth and financing, sleeve percentile 64.2 | |||||||
| Revenue growth, three-year compound | (2.9%) | [2,13-15] | 5.1% | 75.6 | 403 | 2025-12-31 | |
| Free cash flow growth, three-year compound | (68.1%) | [5,16-22] | 8.7% | 98.2 | 220 | 2025-12-31 | |
| Reinvestment rate | not computable | 11.9% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (5.5%) | [1,6,23-24] | 4.1% | 83.1 | 438 | 2025-12-31 | |
| Net share issuance, one year | (19.8%) | [25-26] | (0.4%) | 0.0 | 356 | 2026-02-26 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.086; sampling error 2.6 percentile points on 336 peers.
Among 336 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 221 | Bally's Corp. (BALY) Bally's Corp. (BALY) Dfourth fifth; percentile 65.7 NYSE · Hotels & Motels market equity $705.1M; last close $14.02 Warnings: late filer; 7 of 14 inputs | 65.7 | D | late filer |
| 222 | Conduent Inc. (CNDT) Conduent Inc. (CNDT) Dfourth fifth; percentile 66.0 Nasdaq · Services-Business Services, NEC market equity $244.2M; last close $1.56 No active warnings; 7 of 14 inputs | 66.0 | D | |
| 223 | Quest Resource Holding Corp. (QRHC) Quest Resource Holding Corp. (QRHC) Dfourth fifth; percentile 66.3 Nasdaq · Refuse Systems market equity $29.3M; last close $1.38 No active warnings; 9 of 14 inputs | 66.3 | D | |
| 224 | Research Solutions, Inc. (RSSS) Research Solutions, Inc. (RSSS) Dfourth fifth; percentile 66.6 Nasdaq · Services-Business Services, NEC market equity $68.5M; last close $2.04 No active warnings; 10 of 14 inputs | 66.6 | D | |
| 225 | Nerdy Inc. (NRDY) Nerdy Inc. (NRDY) Dfourth fifth; percentile 66.9 NYSE · Services-Educational Services last close $6.88 No active warnings; 7 of 14 inputs | 66.9 | D | |
| 226 | Civeo Corp. (CVEO) Civeo Corp. (CVEO) Dfourth fifth; percentile 67.2 NYSE · Hotels, Rooming Houses, Camps & Other Lodging Places market equity $329.7M; last close $31.77 No active warnings; 8 of 14 inputs | 67.2 | D | |
| 227 | Fiserv Inc. (FISV) Fiserv Inc. (FISV) Dfourth fifth; percentile 67.5 Nasdaq · Services-Business Services, NEC market equity $24.4B; last close $45.94 No active warnings; 10 of 14 inputs | 67.5 | D | |
| 228 | Lindblad Expeditions Holdings, Inc. (LIND) Lindblad Expeditions Holdings, Inc. (LIND) Dfourth fifth; percentile 67.8 Nasdaq · Transportation Services market equity $2.3B; last close $35.55 No active warnings; 9 of 14 inputs | 67.8 | D | |
| 229 | Pursuit Attractions & Hospitality, Inc. (PRSU) Pursuit Attractions & Hospitality, Inc. (PRSU) Dfourth fifth; percentile 68.1 NYSE · Services-Miscellaneous Amusement & Recreation market equity $1.4B; last close $52.10 No active warnings; 7 of 14 inputs | 68.1 | D | |
| 230 | Norfolk Southern Corp. (NSC) Norfolk Southern Corp. (NSC) Dfourth fifth; percentile 68.4 NYSE · Railroads, Line-Haul Operating market equity $71.2B; last close $316.82 No active warnings; 10 of 14 inputs | 68.4 | D | |
| 231 | Arcbest Corp. (ARCB) Arcbest Corp. (ARCB) Dfourth fifth; percentile 68.7 Nasdaq · Trucking (No Local) market equity $2.9B; last close $129.95 No active warnings; 8 of 14 inputs | 68.7 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 68.0 | 2204 |
| sector peers, equal sleeves (the grade) | D | 67.2 | 336 |
| same exchange, equal sleeves | D | 64.3 | 984 |
| sector peers, equal inputs | D | 72.2 | 336 |
Each letter is one fifth of the 336 graded peers, about 67 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 45.3% | 2.0% | 81 | hotter than 81 of 100 peers |
| Distance from 52-week high | (10.3%) | (26.8%) | 80 | closer to its high than 80 of 100 peers |
| EBIT to enterprise value | 1.2% | 4.4% | 22 | pricier than 78 of 100 peers |
| Free cash flow yield | 0.7% | 4.1% | 26 | pricier than 74 of 100 peers |
| Book value to price | 0.48 | 0.34 | 66 | pricier than 34 of 100 peers |
| Sales to price | 1.94 | 0.70 | 78 | pricier than 22 of 100 peers |
| Composite equity issuance, five years | (38.6%) | (8.8%) | 6 | more equity-funded than 6 of 100 peers |
| Relative strength against the sector, log excess return | 0.23 | (0.13) | 81 | ahead of 81 of 100 peers |
Inputs: market equity $329.7M; EBIT $4.1M; free cash flow $2.1M; book equity $159.4M; sales $638.8M; debt $43.3M; cash $20.6M[27].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 6 of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (5.0%) | ✗ fail[4,6] |
| Operating cash flow above zero | $22.3M | ✓ pass[5] |
| Return on assets improved | (1.8 pts) | ✗ fail[4,6,23,28] |
| Operating cash flow exceeds net income | $42.4M | ✓ pass[4-5] |
| Long-term leverage fell | 32.4 pts | ✗ fail[1,6,23,29-30] |
| Current ratio improved | 35.3 pts | ✓ pass[7-8,31-32] |
| No new shares issued | (19.8%) | ✓ pass[25-26] |
| Gross margin improved | 1.7 pts | ✓ pass[2-3,13,33] |
| Asset turnover improved | 33.3 pts | ✓ pass[2,6,13,23] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $20.6M[34] |
| Operating cash flow, four quarters | $35.0M[5,34-38] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 71 |
| 10-Q received Jul 30, 2026 | |
| Median daily dollar volume | $2.9M |
| 63 sessions | |
| Days since newest grade input | 220 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $477.4M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $638.8M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $151.1M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | -$20.1M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $22.3M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $405.1M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 7 | current assets | us-gaap:AssetsCurrent | $131.2M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 8 | current liabilities | us-gaap:LiabilitiesCurrent | $84.9M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 9 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$1.1B | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 10 | operating income | us-gaap:OperatingIncomeLoss | $4.1M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $174.4M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 12 | liabilities | us-gaap:Liabilities | $303.0M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $682.1M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $700.8M | 2023-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $697.1M | 2022-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 16 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $20.2M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 17 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $83.5M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 18 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $26.1M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 19 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $96.6M | 2023-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 20 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $31.6M | 2023-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 21 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $91.8M | 2022-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 22 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $25.4M | 2022-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 23 | assets | us-gaap:Assets | $548.1M | 2023-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $566.2M | 2022-12-31 | 2025-02-27 | 10-K | filing · viewer · series |
| 25 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 10,950,296 | 2026-02-26 | 2026-03-03 | 10-K | filing · viewer · series |
| 26 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 13,653,647 | 2025-02-21 | 2025-02-27 | 10-K | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 10,336,859 | 2026-07-27 | 2026-07-30 | 10-Q | filing · viewer · series |
| 28 | net income | us-gaap:NetIncomeLoss | -$17.1M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 29 | long term debt | us-gaap:LongTermDebtNoncurrent | $182.8M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 30 | long term debt | us-gaap:LongTermDebtNoncurrent | $43.3M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 31 | current assets | us-gaap:AssetsCurrent | $110.5M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 32 | current liabilities | us-gaap:LiabilitiesCurrent | $92.6M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 33 | gross profit | us-gaap:GrossProfit | $149.5M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 34 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $20.6M | 2026-06-30 | 2026-07-30 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.9M | 2026-06-30 | 2026-07-30 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$9.7M | 2026-03-31 | 2026-05-01 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $3.1M | 2025-09-30 | 2025-10-31 | 10-Q | filing · viewer · series |
| 38 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$10.8M | 2025-06-30 | 2026-07-30 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 67.2 is 7.2 points from the nearest band edge; sampling error is 2.6 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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