Civeo (CVEO)


Market Price (8/8/2026): $30.76 | Market Cap: $336.2 MilSector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines

Civeo (CVEO)


Market Price (8/8/2026): $30.76
Market Cap: $336.2 Mil
Sector: Consumer Discretionary
Industry: Hotels, Resorts & Cruise Lines

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Low stock price volatility
Vol 12M is 36%

Megatrend and thematic drivers
Megatrends include US Energy Independence, and Global Resource Extraction Support. Themes include US Oilfield Technologies, and Remote Site Workforce Logistics.

Weak multi-year price returns
2Y Excs Rtn is -28%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 60%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.1%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.4%

Key risks
CVEO key risks include [1] its significant exposure to the cyclicality of natural resource industries, Show more.

0 Low stock price volatility
Vol 12M is 36%
1 Megatrend and thematic drivers
Megatrends include US Energy Independence, and Global Resource Extraction Support. Themes include US Oilfield Technologies, and Remote Site Workforce Logistics.
2 Weak multi-year price returns
2Y Excs Rtn is -28%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 60%
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.1%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.4%
6 Key risks
CVEO key risks include [1] its significant exposure to the cyclicality of natural resource industries, Show more.

CVEO in ETFs

Weight = CVEO's share of each fund

AVUV0.06%
FNDA0.03%
IWN0.02%
VTWO0.01%
DFAS0.01%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/1/2026

Civeo (CVEO) stock has lost about 5% since 4/30/2026 because of the following key factors:

1. Civeo reported mixed financial results for fiscal Q2 2026, balancing revenue growth against a decline in Adjusted EBITDA. The company's revenues increased by 11% year-over-year to $180.0 million, surpassing analyst consensus estimates. Additionally, the net loss narrowed to $2.5 million, or $0.23 per diluted share, from $3.3 million in the prior year's fiscal Q2. However, Adjusted EBITDA decreased to $23.8 million from $25.0 million in fiscal Q2 2025, indicating some margin pressure despite top-line growth.

2. Strategic capital allocation, including a convertible debt offering and share repurchases, was offset by operational headwinds in key segments. Subsequent to fiscal Q2 2026, Civeo issued $115.0 million of 4.50% convertible senior notes due 2031, aiming to enhance financial flexibility and lower borrowing costs. Concurrent with this, Civeo repurchased 660,297 common shares for approximately $22.3 million, demonstrating a commitment to shareholder returns. These positive financial maneuvers were balanced by transitory cost inflation and softened occupancy in the Australian segment, as well as start-up costs for a new contract in Canada, which negatively impacted Adjusted EBITDA.

Show more
Updated on 8/1/2026

Civeo (CVEO) stock has lost about 5% since 4/30/2026 because of the following key factors:

1. Civeo reported mixed financial results for fiscal Q2 2026, balancing revenue growth against a decline in Adjusted EBITDA. The company's revenues increased by 11% year-over-year to $180.0 million, surpassing analyst consensus estimates. Additionally, the net loss narrowed to $2.5 million, or $0.23 per diluted share, from $3.3 million in the prior year's fiscal Q2. However, Adjusted EBITDA decreased to $23.8 million from $25.0 million in fiscal Q2 2025, indicating some margin pressure despite top-line growth.

2. Strategic capital allocation, including a convertible debt offering and share repurchases, was offset by operational headwinds in key segments. Subsequent to fiscal Q2 2026, Civeo issued $115.0 million of 4.50% convertible senior notes due 2031, aiming to enhance financial flexibility and lower borrowing costs. Concurrent with this, Civeo repurchased 660,297 common shares for approximately $22.3 million, demonstrating a commitment to shareholder returns. These positive financial maneuvers were balanced by transitory cost inflation and softened occupancy in the Australian segment, as well as start-up costs for a new contract in Canada, which negatively impacted Adjusted EBITDA.

3. A strong long-term growth outlook, particularly in North America, was tempered by near-term macroeconomic uncertainties. Civeo maintained its full-year 2026 guidance for revenue between $675 million and $700 million and Adjusted EBITDA between $85 million and $90 million, while highlighting a robust North American bid pipeline exceeding $1.5 billion in total contract value. Despite this optimistic long-term view, management acknowledged that temporary macro-driven headwinds in Australia, such as elevated fuel costs and customer caution, are expected to persist through the end of fiscal 2026. The timing of significant financial contributions from the North American pipeline also remains dependent on customer final investment decisions.

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Stock Movement Drivers

Fundamental Drivers

The -3.6% change in CVEO stock from 4/30/2026 to 8/7/2026 was primarily driven by a -13.9% change in the company's P/S Multiple.
(LTM values as of)43020268072026Change
Stock Price ($)31.9030.76-3.6%
Change Contribution By: 
Total Revenues ($ Mil)6396857.2%
P/S Multiple0.60.5-13.9%
Shares Outstanding (Mil)11114.5%
Cumulative Contribution-3.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/7/2026
ReturnCorrelation
CVEO-3.6% 
Market (SPY)7.6%17.0%
Sector (XLY)1.3%8.3%

Fundamental Drivers

The 21.5% change in CVEO stock from 1/31/2026 to 8/7/2026 was primarily driven by a 13.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)13120268072026Change
Stock Price ($)25.3230.7621.5%
Change Contribution By: 
Total Revenues ($ Mil)6286859.0%
P/S Multiple0.50.5-1.7%
Shares Outstanding (Mil)121113.4%
Cumulative Contribution21.5%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/7/2026
ReturnCorrelation
CVEO21.5% 
Market (SPY)12.1%26.6%
Sector (XLY)-0.9%20.1%

Fundamental Drivers

The 23.1% change in CVEO stock from 7/31/2025 to 8/7/2026 was primarily driven by a 20.6% change in the company's Shares Outstanding (Mil).
(LTM values as of)73120258072026Change
Stock Price ($)24.9930.7623.1%
Change Contribution By: 
Total Revenues ($ Mil)6346858.0%
P/S Multiple0.50.5-5.5%
Shares Outstanding (Mil)131120.6%
Cumulative Contribution23.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/7/2026
ReturnCorrelation
CVEO23.1% 
Market (SPY)23.4%27.5%
Sector (XLY)8.9%22.0%

Fundamental Drivers

The 69.3% change in CVEO stock from 7/31/2023 to 8/7/2026 was primarily driven by a 37.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)73120238072026Change
Stock Price ($)18.1730.7669.3%
Change Contribution By: 
Total Revenues ($ Mil)693685-1.2%
P/S Multiple0.40.525.1%
Shares Outstanding (Mil)151137.0%
Cumulative Contribution69.3%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/7/2026
ReturnCorrelation
CVEO69.3% 
Market (SPY)74.9%29.5%
Sector (XLY)41.1%25.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CVEO Return38%62%-25%4%2%38%143%
Peers Return61%169%-20%17%-9%77%552%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
CVEO Win Rate50%67%50%50%58%62% 
Peers Win Rate46%50%38%71%46%75% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CVEO Max Drawdown-27%-25%-50%-24%-32%-16% 
Peers Max Drawdown-31%-29%-38%-25%-38%-19% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TH, ARMK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)

How Low Can It Go

EventCVEOS&P 500
2025 US Tariff Shock
  % Loss-30.6%-18.8%
  % Gain to Breakeven44.0%23.1%
  Time to Breakeven281 days79 days
2023 SVB Regional Banking Crisis
  % Loss-46.2%-6.7%
  % Gain to Breakeven85.8%7.1%
  Time to Breakeven1099 days31 days
2020 COVID-19 Crash
  % Loss-75.6%-33.7%
  % Gain to Breakeven309.1%50.9%
  Time to Breakeven267 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-44.8%-12.2%
  % Gain to Breakeven81.3%13.9%
  Time to Breakeven37 days62 days

Compare to TH, ARMK

In The Past

Civeo's stock fell -30.6% during the 2025 US Tariff Shock. Such a loss loss requires a 44.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCVEOS&P 500
2025 US Tariff Shock
  % Loss-30.6%-18.8%
  % Gain to Breakeven44.0%23.1%
  Time to Breakeven281 days79 days
2023 SVB Regional Banking Crisis
  % Loss-46.2%-6.7%
  % Gain to Breakeven85.8%7.1%
  Time to Breakeven1099 days31 days
2020 COVID-19 Crash
  % Loss-75.6%-33.7%
  % Gain to Breakeven309.1%50.9%
  Time to Breakeven267 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-44.8%-12.2%
  % Gain to Breakeven81.3%13.9%
  Time to Breakeven37 days62 days

Compare to TH, ARMK

In The Past

Civeo's stock fell -30.6% during the 2025 US Tariff Shock. Such a loss loss requires a 44.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Civeo (CVEO)

Civeo Corporation (CVEO) is a specialized hospitality and accommodation provider catering primarily to the natural resource industry across Canada, Australia, and the United States. The company focuses on developing, owning, and operating workforce accommodations designed for remote project sites, ensuring essential living and support services for employees in these sectors.

Civeo's main offerings include a diverse portfolio of lodging options, ranging from large, permanent lodges and villages to flexible mobile and modular accommodations. The company currently manages 27 lodges and villages, providing approximately 28,000 rooms, alongside a fleet of mobile assets suitable for both long-term and temporary workforce housing needs.

In addition to accommodation, Civeo provides a comprehensive suite of managed services, including catering, housekeeping, laundry, facility management, and critical infrastructure like water treatment and power generation. The company also offers development services covering site selection, engineering, and construction for new facilities. Its primary customers are companies engaged in oil, mining, engineering, and various oilfield and mining services.

AI Analysis | Feedback

Here are 1-3 brief analogies for Civeo (CVEO):

  • Think of it like a **Marriott or Hilton, but exclusively for workers at remote oil fields, mines, and construction sites.**
  • It's like a specialized **Aramark or Sodexo, but Civeo also builds and owns the entire living facilities and accommodations** for industrial workforces.

AI Analysis | Feedback

  • Workforce Accommodation Facilities: Civeo develops, owns, and operates lodges, villages, and mobile accommodations providing long-term and temporary housing for natural resource industry workers.
  • Hospitality and Support Services: The company offers comprehensive services within its accommodations, including food, housekeeping, maintenance, laundry, utility management (water, power), communication systems, security, and logistics.
  • Facility Development Services: Civeo provides end-to-end services for developing workforce accommodation facilities, encompassing site selection, permitting, engineering, design, manufacturing management, and construction.

AI Analysis | Feedback

Civeo Corporation (CVEO) primarily provides services to other companies within the natural resource industry. Based on the provided background information, its major customers are categorized as:

  • Oil companies
  • Mining companies
  • Engineering companies
  • Oilfield and mining service companies

The provided background description does not list the specific names of Civeo's major customer companies or their public symbols.

AI Analysis | Feedback

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AI Analysis | Feedback

Bradley J. Dodson
President and Chief Executive Officer

Mr. Dodson has served as President and Chief Executive Officer of Civeo since May 2014, leading the company through its spin-off from Oil States International, Inc.. Prior to his role at Civeo, he held various executive positions with Oil States International, Inc. from March 2001 to May 2014, including Executive Vice President, Accommodations; Senior Vice President, Chief Financial Officer and Treasurer; and Vice President, Corporate Development. From June 1998 to March 2001, Mr. Dodson worked for L.E. Simmons & Associates, Incorporated, a private equity firm focused on oilfield service investments, and before that, in the mergers and acquisitions group of Merrill Lynch & Co..

E. Collin Gerry
Senior Vice President, Chief Financial Officer and Treasurer

Mr. Gerry was appointed as Senior Vice President, Chief Financial Officer, and Treasurer of Civeo, effective August 1, 2024. He has held several executive positions within Civeo since May 2014, including Senior Vice President of Canadian Operations since May 2020 and Vice President of Corporate and Business Development from September 2016 to May 2020. Before joining Civeo, Mr. Gerry was a Senior Vice President in the equity research department of Raymond James, where he focused on energy markets and the oilfield services industry.

Peter McCann
Senior Vice President, Australia

Mr. McCann serves as the Senior Vice President for Australia at Civeo. His career with Civeo began as Managing Director of The MAC, a wholly-owned subsidiary, from June 2012 to June 2014, and he was previously Executive General Manager, Finance for The MAC from January 2010 to June 2012. Prior to joining Civeo, Mr. McCann was Chief Financial Officer of Royal Wolf Trading from 2004 to 2010 and Chief Financial Officer for Strathfield Group Limited from 2002 to 2004. He also held finance roles in the airline industry with Hazelton Airlines Ltd and QANTAS Airways Limited between 1998 and 2002.

Barclay H. Brewer
Vice President, Chief Accounting Officer

Mr. Brewer currently serves as Vice President, Chief Accounting Officer at Civeo, a role he assumed following his tenure as interim CFO. Before his current position, he was the Manager of Financial Planning & Reporting at The Brock Group, Inc. (Texas) from 2012 to 2014.

AI Analysis | Feedback

The key risks to Civeo Corporation (CVEO) are primarily rooted in its deep ties to the cyclical natural resource industry, ongoing financial challenges, and inherent operational complexities in remote environments.

  1. Dependence on the Volatile Natural Resource Industry: Civeo's business model is highly sensitive to the cyclical nature and volatility of the natural resource sectors it serves, including oil, mining, and construction. Fluctuations in commodity prices, such as oil and metallurgical coal, directly impact customer spending, project activity, and demand for Civeo's accommodation and hospitality services. For instance, reduced customer spending and lower occupancy rates have been noted in the Canadian oil sands market, and weakening metallurgical coal prices have affected Australian operations.
  2. Financial Health and Profitability Concerns: Despite some revenue growth, Civeo has faced persistent financial challenges, including a history of negative net profits and a steadily decreasing book value over the last decade. The company's free cash flow has also been noted as volatile, sometimes turning sharply negative. While management has focused on cost reductions leading to improved EBITDA, achieving consistent GAAP profitability remains a concern, with reports of ongoing net losses.
  3. Operational Risks in Remote Environments: Civeo operates in remote and often challenging environments, which introduces various operational risks. These include logistical complexities, security concerns, and environmental considerations. Furthermore, the company's business model requires substantial fixed investments in lodges, villages, and mobile accommodations. This high fixed cost structure can negatively impact profitability during periods of diminished demand or lower occupancy rates.

AI Analysis | Feedback

Increasing automation and advanced remote operational capabilities within the natural resource industry (oil and mining) could significantly reduce the need for large on-site human workforces at project locations. As companies adopt more autonomous equipment and sophisticated remote monitoring and control systems, the demand for extensive workforce accommodation, food, and other on-site support services provided by Civeo would diminish.

AI Analysis | Feedback

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Civeo Corporation provides hospitality services, including workforce accommodations and associated support services such as food, housekeeping, maintenance, and camp management, to the natural resource industry across Canada, Australia, and the United States.

Addressable Markets for Civeo's Main Products and Services:

Workforce Accommodations:

  • Canada: The "other accommodation industries," which encompass workforce lodging, generated an operating revenue of approximately $6.0 billion in 2024. Alberta, a significant region for resource extraction, contributed the largest portion of this revenue.
  • Australia: The extended stay accommodation market in Australia, which includes facilities purpose-built for corporate and government workers, is projected to reach US$2.3 billion over the next decade. More specifically, the Australia extended stay hotel market is anticipated to grow from an estimated USD 2.3 billion in 2025 to USD 3.8 billion by 2035.
  • United States: The U.S. Serviced Apartment Market, which closely aligns with corporate housing, was valued at $13.8 billion in 2024 and is forecast to grow to $44.0 billion by 2033.

Catering and Managed Services:

  • Canada: The market size for "Caterers in Canada" was valued at $3.2 billion in 2024 and is projected to reach $3.3 billion in 2025. Additionally, the revenue for "Food Service Contractors in Canada" was estimated at $3.5 billion over the five years to 2023.
  • Australia: The Australia Contract Catering Market was valued at USD 682.87 million in 2024 and is forecasted to reach USD 1170.58 million by 2033. Furthermore, the broader Australia catering services market size was USD 3.2 billion in 2025.
  • United States: The U.S. Catering Market was valued at approximately USD 55 billion in 2024 and is projected to reach USD 71 billion by 2030. Another source indicates the United States catering services market size reached USD 38,184.17 million in 2024.
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AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Civeo (CVEO) over the next 2-3 years:

  1. Growth in Australian Integrated Services Business: Civeo is targeting AUD 500 million in revenue by 2027 from its Australian integrated services business. This segment is identified as a key growth driver, supported by both organic expansion and recent acquisitions.
  2. Increased Utilization of Mobile Camps in North America: The company anticipates increased utilization of its mobile camp assets in North America, particularly in Canada and the United States, towards the end of 2026. This is driven by significant proposed infrastructure spending in Canada and a broader demand for infrastructure projects in the U.S. While substantial financial impact from these projects is expected to materialize in 2027 and beyond, Civeo is actively positioning itself to capitalize on this demand.
  3. Stable to Slightly Increased Lodge Occupancy in Canada: Despite historically subdued oil sands activities, Civeo projects that lodge occupancy in its Canadian operations will remain stable or slightly increase in 2026 compared to 2025. This stability, combined with a structurally lower cost base, is expected to contribute to revenue and margin improvement.
  4. Strategic Acquisitions: Civeo has a history of growth through acquisitions, such as the May 2025 village acquisition in Australia, which bolstered performance in that segment. The company remains open to future strategic acquisitions to support its growth initiatives.
  5. Favorable Metallurgical Coal Prices in Australia: After a period of weakening in late 2025, metallurgical coal prices have improved in early 2026. If these prices remain robust, it could lead to enhanced activity levels and improved occupancy rates in Civeo's owned villages in Australia.

AI Analysis | Feedback

Share Repurchases

  • Civeo repurchased approximately $54 million of common shares in 2025, representing 17% of its outstanding shares as of December 31, 2024.
  • Subsequent to year-end 2025, an additional approximately 500,000 shares were repurchased, bringing the company to 95% completion of its 20% buyback authorization.
  • A new authorization has been announced to repurchase up to 10% of outstanding shares, effective upon the completion of the current program.

Outbound Investments

  • In May 2025, Civeo completed a village acquisition in Australia, contributing to record annual revenues in the Australian segment.

Capital Expenditures

  • Capital expenditures totaled $20.2 million in 2025, with $11.2 million for maintenance and $9.0 million for growth projects.
  • Growth capital expenditures in 2025 focused on the reactivation of the Buffalo Lodge in Canada and Wi-Fi infrastructure improvements in Australia.
  • Initial capital expenditure guidance for 2026 is projected to be between $25 million and $30 million, with a potential return to a more normal run rate for maintenance CapEx.

Better Bets vs. Civeo (CVEO)

Latest Trefis Analyses

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CVEOTHARMKMedian
NameCiveo Target H.Aramark  
Mkt Price30.7616.5155.9530.76
Mkt Cap0.31.614.71.6
Rev LTM68532419,414685
Op Inc LTM15-4883815
FCF LTM17-639317
FCF 3Y Avg376823968
CFO LTM357787077
CFO 3Y Avg62125690125

Growth & Margins

CVEOTHARMKMedian
NameCiveo Target H.Aramark  
Rev Chg LTM8.0%-7.4%10.2%8.0%
Rev Chg 3Y Avg-0.1%-16.3%12.6%-0.1%
Rev Chg Q10.6%4.1%14.7%10.6%
QoQ Delta Rev Chg LTM2.6%0.9%3.3%2.6%
Op Inc Chg LTM272.7%-162.1%8.5%8.5%
Op Inc Chg 3Y Avg106.7%-77.3%29.1%29.1%
Op Mgn LTM2.2%-14.8%4.3%2.2%
Op Mgn 3Y Avg1.6%15.8%4.2%4.2%
QoQ Delta Op Mgn LTM0.3%-4.0%0.1%0.1%
CFO/Rev LTM5.1%23.9%4.5%5.1%
CFO/Rev 3Y Avg8.9%30.3%3.8%8.9%
FCF/Rev LTM2.4%-1.9%2.0%2.0%
FCF/Rev 3Y Avg5.3%14.9%1.3%5.3%

Valuation

CVEOTHARMKMedian
NameCiveo Target H.Aramark  
Mkt Cap0.31.614.71.6
P/S0.55.10.80.8
P/Op Inc22.3-34.417.617.6
P/EBIT21.7-34.217.517.5
P/E-25.4-37.941.2-25.4
P/CFO9.621.416.916.9
Total Yield-3.9%-2.6%3.2%-2.6%
Dividend Yield0.0%0.0%0.8%0.0%
FCF Yield 3Y Avg10.3%8.5%1.8%8.5%
D/E0.70.00.40.4
Net D/E0.60.00.40.4

Returns

CVEOTHARMKMedian
NameCiveo Target H.Aramark  
1M Rtn-4.0%-9.4%-1.0%-4.0%
3M Rtn-1.3%7.7%24.4%7.7%
6M Rtn11.7%127.1%45.2%45.2%
12M Rtn29.7%101.8%44.3%44.3%
3Y Rtn75.2%30.7%96.3%75.2%
1M Excs Rtn-3.4%-13.3%-6.2%-6.2%
3M Excs Rtn-7.4%2.2%18.7%2.2%
6M Excs Rtn1.1%114.9%31.4%31.4%
12M Excs Rtn6.0%103.9%21.1%21.1%
3Y Excs Rtn8.7%-43.3%37.1%8.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Accommodation and associated services revenues362411445 390
Integrated services and other services revenues275259183 125
Mobile facility rental and associated services revenues2262 77
Other revenues01011  
Single Segment   697 
Manufacturing Revenue    2
Total639682701697594


Operating Income by Segment
$ Mil20152014
Stand-alone adjustments and eliminations-7-7
Australia-25-156
United States-40-87
Canada-73107
Total-145-143


Assets by Segment
$ Mil20152014
Canada5801,025
Australia425670
United States72136
Stand-alone adjustments and eliminations-5-1
Total1,0711,829


Price Behavior

Price Behavior
Market Price$30.76 
Market Cap ($ Bil)0.3 
First Trading Date05/19/2014 
Distance from 52W High-13.5% 
   50 Days200 Days
DMA Price$33.23$28.14
DMA Trendupup
Distance from DMA-7.4%9.3%
 3M1YR
Volatility47.9%35.7%
Downside Capture145.5879.75
Upside Capture110.6790.26
Correlation (SPY)18.9%26.6%
CVEO Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta1.350.560.740.810.800.71
Up Beta-1.03-0.96-0.770.030.330.56
Down Beta0.17-0.150.180.800.940.92
Up Capture167%108%128%135%97%45%
Bmk +ve Days11223567138427
Stock +ve Days8203068132390
Down Capture305%143%148%94%88%86%
Bmk -ve Days11212859114326
Stock -ve Days14233357117352

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CVEO
CVEO28.4%35.7%0.76-
Sector ETF (XLY)7.9%19.4%0.2720.5%
Equity (SPY)23.3%12.8%1.3626.1%
Gold (GLD)28.5%28.4%0.876.8%
Commodities (DBC)32.9%19.8%1.325.6%
Real Estate (VNQ)14.2%13.8%0.7213.6%
Bitcoin (BTCUSD)-44.2%42.9%-1.239.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CVEO
CVEO8.8%40.3%0.32-
Sector ETF (XLY)6.7%24.0%0.2427.2%
Equity (SPY)13.5%17.2%0.6131.8%
Gold (GLD)18.6%18.6%0.818.0%
Commodities (DBC)8.2%19.6%0.3123.9%
Real Estate (VNQ)2.3%18.9%0.0223.1%
Bitcoin (BTCUSD)8.8%53.0%0.3514.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CVEO
CVEO7.2%60.6%0.37-
Sector ETF (XLY)12.5%22.2%0.5227.5%
Equity (SPY)15.4%17.9%0.7330.9%
Gold (GLD)12.1%16.2%0.614.7%
Commodities (DBC)7.4%18.0%0.3327.3%
Real Estate (VNQ)4.8%20.7%0.2025.3%
Bitcoin (BTCUSD)58.2%66.2%0.9810.2%

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Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity1.0 Mil
Short Interest: % Change Since 6302026113.5%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest4.5 days
Basic Shares Quantity10.9 Mil
Short % of Basic Shares9.3%

Earnings Returns History

Updated 8/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-1.5%0.7% 
5/1/2026-2.2%-1.9%8.9%
3/3/2026-2.8%2.7%-4.9%
10/31/2025-8.7%-2.9%-3.8%
7/29/2025-3.9%-2.5%-3.8%
4/30/2025-5.5%-4.7%8.5%
2/27/2025-18.4%-21.1%-14.8%
10/30/2024-8.4%-8.4%-14.4%
...
SUMMARY STATS   
# Positive101110
# Negative141313
Median Positive4.0%6.3%10.3%
Median Negative-3.0%-4.2%-4.9%
Max Positive26.4%11.2%110.1%
Max Negative-18.4%-26.3%-39.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-1.5%0.7% 
5/1/2026-2.2%-1.9%8.9%
3/3/2026-2.8%2.7%-4.9%
10/31/2025-8.7%-2.9%-3.8%
7/29/2025-3.9%-2.5%-3.8%
4/30/2025-5.5%-4.7%8.5%
2/27/2025-18.4%-21.1%-14.8%
10/30/2024-8.4%-8.4%-14.4%
7/30/20244.2%6.3%10.0%
4/26/2024-3.2%-6.1%-5.4%
2/29/20244.1%7.2%19.4%
10/27/20232.1%11.2%22.7%
7/28/20231.4%-0.5%-1.1%
4/28/20234.8%6.3%8.1%
2/28/2023-11.1%-26.3%-39.3%
10/28/20223.2%1.8%-3.8%
7/29/20224.0%-4.2%3.3%
4/29/20221.5%9.3%12.2%
2/28/2022-0.6%5.0%10.7%
10/28/20213.9%2.4%-1.0%
7/30/2021-0.7%-0.0%-0.7%
4/30/2021-2.5%-2.6%-5.7%
2/26/2021-1.9%-7.9%-15.4%
10/28/202026.4%7.3%110.1%
SUMMARY STATS   
# Positive101110
# Negative141313
Median Positive4.0%6.3%10.3%
Median Negative-3.0%-4.2%-4.9%
Max Positive26.4%11.2%110.1%
Max Negative-18.4%-26.3%-39.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202605/01/202610-Q
12/31/202503/03/202610-K
09/30/202510/31/202510-Q
06/30/202507/29/202510-Q
03/31/202504/30/202510-Q
12/31/202402/27/202510-K
09/30/202410/30/202410-Q
06/30/202407/30/202410-Q
03/31/202404/26/202410-Q
12/31/202302/29/202410-K
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202304/28/202310-Q
12/31/202203/01/202310-K
09/30/202210/28/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202605/01/202610-Q
12/31/202503/03/202610-K
09/30/202510/31/202510-Q
06/30/202507/29/202510-Q
03/31/202504/30/202510-Q
12/31/202402/27/202510-K
09/30/202410/30/202410-Q
06/30/202407/30/202410-Q
03/31/202404/26/202410-Q
12/31/202302/29/202410-K
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202304/28/202310-Q
12/31/202203/01/202310-K
09/30/202210/28/202210-Q
06/30/202208/04/202210-Q
03/31/202204/29/202210-Q
12/31/202102/28/202210-K
09/30/202110/28/202110-Q
06/30/202107/30/202110-Q
03/31/202104/30/202110-Q
12/31/202002/26/202110-K
09/30/202010/28/202010-Q
06/30/202007/29/202010-Q
03/31/202005/07/202010-Q
12/31/201902/27/202010-K
09/30/201910/29/201910-Q

Recent Forward Guidance

Updated 7/31/2026

Latest: Q2 2026 Earnings Reported 7/30/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue675.00 Mil687.50 Mil700.00 Mil0 AffirmedGuidance: 687.50 Mil for 2026
2026 Adjusted EBITDA85.00 Mil87.50 Mil90.00 Mil0 AffirmedGuidance: 87.50 Mil for 2026
2026 Capital Expenditures25.00 Mil27.50 Mil30.00 Mil0 AffirmedGuidance: 27.50 Mil for 2026
2026 Canada Revenue Growth 20.0%    

Prior: Q1 2026 Earnings Reported 5/1/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue675.00 Mil687.50 Mil700.00 Mil1.9% RaisedGuidance: 675.00 Mil for 2026
2026 Adjusted EBITDA85.00 Mil87.50 Mil90.00 Mil0 AffirmedGuidance: 87.50 Mil for 2026
2026 Capital Expenditures25.00 Mil27.50 Mil30.00 Mil0 AffirmedGuidance: 27.50 Mil for 2026

Q4 2025 Earnings Reported 3/3/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue650.00 Mil675.00 Mil700.00 Mil4.2% Higher NewGuidance: 647.50 Mil for 2025
2026 Adjusted EBITDA85.00 Mil87.50 Mil90.00 Mil-1.1% Lower NewGuidance: 88.50 Mil for 2025
2026 Capital Expenditures25.00 Mil27.50 Mil30.00 Mil22.2% Higher NewGuidance: 22.50 Mil for 2025

Q3 2025 Earnings Reported 10/31/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Revenue640.00 Mil647.50 Mil655.00 Mil-1.1% LoweredGuidance: 655.00 Mil for 2025
2025 Adjusted EBITDA86.00 Mil88.50 Mil91.00 Mil-2.7% LoweredGuidance: 91.00 Mil for 2025
2025 Capital Expenditures20.00 Mil22.50 Mil25.00 Mil0 AffirmedGuidance: 22.50 Mil for 2025

Insider Activity

Updated 5/27/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1McCann, PeterSVP, AustraliaDirectSell306202628.644,000114,5601,458,979Form
2Engine, Capital Management, LPBy: Engine Capital, L.P.Sell218202629.037,730224,43522,322,354Form
3Engine, Capital Management, LPBy: Engine Jet Capital, L.P.Sell218202629.0365819,1051,900,614Form
4Engine, Capital Management, LPBy: Engine Lift Capital, LPSell218202629.0378122,6762,254,281Form
5Engine, Capital Management, LPBy: Engine Capital, L.P.Sell218202628.80335,3949,660,21922,366,861Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1McCann, PeterSVP, AustraliaDirectSell306202628.644,000114,5601,458,979Form
2Engine, Capital Management, LPBy: Engine Capital, L.P.Sell218202629.037,730224,43522,322,354Form
3Engine, Capital Management, LPBy: Engine Jet Capital, L.P.Sell218202629.0365819,1051,900,614Form
4Engine, Capital Management, LPBy: Engine Lift Capital, LPSell218202629.0378122,6762,254,281Form
5Engine, Capital Management, LPBy: Engine Capital, L.P.Sell218202628.80335,3949,660,21922,366,861Form
6Engine, Capital Management, LPBy: Engine Jet Capital, L.P.Sell218202628.8046,1091,328,0591,904,399Form
7Engine, Capital Management, LPBy: Engine Lift Capital, LPSell218202628.8035,5121,022,8382,258,786Form

Investor Activity (13F)

Updated Aug 8, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Flat Footed LLC$9.2 Mil3.1%15TRIM -25.0%13F
Engine Capital Management, LP$23.1 Mil2.8%26TRIM -34.6%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Engine Capital Management, LP$23.1 Mil2.8%26TRIM -34.6%13F
Flat Footed LLC$9.2 Mil3.1%15TRIM -25.0%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Engine Capital Management, LP$23.1 Mil2.8%26TRIM -34.6%13F
Flat Footed LLC$9.2 Mil3.1%15TRIM -25.0%13F
Core Cache Last Updated: 8/7/2026