Civeo develops lodges and villages with modular accommodations and provides comprehensive services including food, housekeeping, maintenance, facility management, logistics, and development services for workforce accommodation facilities. The company offers both owned and operated facilities as well as services at customer-owned locations, positioning itself as an integrated provider in the natural resources sector.
Cyborg Score Rationale
Q3 2025 results showed $170.5M revenue with $28.8M adjusted EBITDA, with year-over-year EBITDA gains reflecting strength in Australia and Canada. However, the company faces headwinds with recent analyst ratings mixed between buy and sell, and a negative EPS of -$2.44 for the trailing twelve months.
Top Insights
Civeo was awarded a four-year integrated services contract with Ontario's Ministry of the Solicitor General to produce and transport approximately 20,000 meals per day to ten provincial correctional facilities starting April 2026, expected to generate approximately C$24 million in revenue in the first year.
Recently appointed two new board directors (Jeffrey B. Scofield and Daniel B. Silvers) under a cooperation agreement with Engine Capital LP, with the board temporarily expanding to 11 directors.
As of Q3 2025, the company ended with net debt of $176M, net leverage of 2.1x, and liquidity of approximately $70M.
Institutional investors and hedge funds own 81.44% of the company's stock.
Named Competitors
Workforce Accommodations — Temporary workforce housing and services provider
Mobile Modular Solutions — Modular buildings and portable storage solutions
Portable Storage — Mobile storage and moving solutions
Recent Developments
(February 2026) Board expansion with two new independent directors appointed under Engine Capital cooperation agreement
(February 2026) Ontario correctional services contract awarded for C$24 million over four years with two-year extension option
(October 2025) Q3 2025 earnings reported with $170.5M revenue and $28.8M adjusted EBITDA; full year guidance tightened to $640-$655M revenue
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