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Civeo vs ModuLink: revenue, profit, margins and growth compared

Civeo brought in $638.8M of revenue in fiscal 2025, ModuLink $1.3M in fiscal 2025. Revenue changed by -6.3% at Civeo and +216.3% at ModuLink on the year before, so ModuLink grew faster. Civeo kept -3.1% of its revenue as net profit, ModuLink -98.1%. Free cash flow was $2.1M at Civeo and -$1.3M at ModuLink.

Side by side, latest fiscal year

CVEOMDLK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$638.8M$1.3M
Revenue growth-6.3%+216.3%
Net income-$20.1M-$1.3M
Net margin-3.1%-98.1%
Free cash flow$2.1M-$1.3M
Free cash flow margin0.3%-98.4%
Earnings per share (diluted)-$1.59-$0.00
Cash$14.4M$152.8K
Debt$182.8Mn/a
Price to earningsn/an/a
Market value$332.7M$1.2M
Dividend yieldn/an/a
Rank by revenue in sector#559 of 1065 · Consumer discretionary#1012 of 1065 · Consumer discretionary

Over the years

Revenue
CVEO FY2018: $466.7MCVEO FY2019: $527.6MCVEO FY2020: $529.7MCVEO FY2021: $594.5MCVEO FY2022: $697.1MCVEO FY2023: $700.8MCVEO FY2024: $682.1MCVEO FY2025: $638.8MMDLK FY2014: $30KMDLK FY2016: $98.9KMDLK FY2016: $60.5KMDLK FY2025: $409.3KMDLK FY2025: $1.3MFY14FY16FY18FY19FY20FY21FY22FY23FY24FY25
CVEO $638.8MMDLK $1.3M
Net income
CVEO FY2018: -$82.2MCVEO FY2019: -$58.5MCVEO FY2020: -$134.3MCVEO FY2021: $1.4MCVEO FY2022: $4MCVEO FY2023: $30.2MCVEO FY2024: -$17.1MCVEO FY2025: -$20.1MMDLK FY2014: -$177.3KMDLK FY2016: -$72KMDLK FY2016: -$122.3KMDLK FY2025: -$283.4KMDLK FY2025: -$1.3MFY14FY16FY18FY19FY20FY21FY22FY23FY24FY25
CVEO -$20.1MMDLK -$1.3M
Net margin
CVEO FY2018: -17.6%CVEO FY2019: -11.1%CVEO FY2020: -25.3%CVEO FY2021: 0.2%CVEO FY2022: 0.6%CVEO FY2023: 4.3%CVEO FY2024: -2.5%CVEO FY2025: -3.1%MDLK FY2014: -590.8%MDLK FY2016: -72.8%MDLK FY2016: -202.1%MDLK FY2025: -69.2%MDLK FY2025: -98.1%FY14FY16FY18FY19FY20FY21FY22FY23FY24FY25
CVEO -3.1%MDLK -98.1%
Revenue growth
CVEO FY2019: +13.0%CVEO FY2020: +0.4%CVEO FY2021: +12.2%CVEO FY2022: +17.3%CVEO FY2023: +0.5%CVEO FY2024: -2.7%CVEO FY2025: -6.3%MDLK FY2016: +229.8%MDLK FY2016: -38.8%MDLK FY2025: +216.3%FY16FY19FY20FY21FY22FY23FY24FY25
CVEO -6.3%MDLK +216.3%
Free cash flow
CVEO FY2018: $37.3MCVEO FY2019: $44.7MCVEO FY2020: $107.3MCVEO FY2021: $73MCVEO FY2022: $66.4MCVEO FY2023: $64.9MCVEO FY2024: $57.4MCVEO FY2025: $2.1MMDLK FY2025: -$370.8KMDLK FY2025: -$1.3MFY18FY19FY20FY21FY22FY23FY24FY25
CVEO $2.1MMDLK -$1.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Civeo and ModuLink

Which is bigger by revenue, Civeo or ModuLink?

Civeo is bigger by revenue: $638.8M in fiscal 2025, against $1.3M for ModuLink in fiscal 2025.

Which keeps more of its revenue as profit, Civeo or ModuLink?

Civeo had a net margin of -3.1% in fiscal 2025; ModuLink had -98.1% in fiscal 2025.

Which grew revenue faster, Civeo or ModuLink?

In their latest fiscal years revenue changed by -6.3% at Civeo and +216.3% at ModuLink.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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