TDW · Tidewater Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · TDW

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.35B	$1.35B	$1.01B	$647.68M	$371.03M	$397.04M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	($29.67M)
R&D	-	-	-	-	-	-
SG&A	$134.53M	$110.82M	$95.28M	$101.92M	$68.52M	$73.45M
Total Operating Expenses	$1.07B	$1.03B	$827.77M	$620.98M	$466.05M	$583.84M
D&A	$151.09M	$156.17M	$128.78M	$83.52M	$73.22M	$73.03M
Operating Income	$282.60M	$311.35M	$182.22M	$26.71M	($95.02M)	($186.80M)
Interest Expense	-	-	-	-	-	-
Income Tax	($113.21M)	$50.22M	$43.31M	$19.89M	$5.88M	($965.0K)
Net Income	$334.66M	$180.66M	$97.19M	($21.75M)	($128.97M)	($196.24M)
EPS - Basic	$6.69	$3.44	$1.88	($0.49)	($3.14)	($4.86)
EPS - Diluted	$6.64	$3.40	$1.84	($0.49)	($3.14)	($4.86)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$578.76M	$324.92M	$274.44M	$164.19M	$149.04M	$149.93M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	$66.35M	$71.39M	$44.93M	$38.95M	$20.79M	$16.98M
Current Assets	$914.13M	$698.66M	$591.13M	$377.91M	$342.67M	$388.65M
Total Assets	$2.39B	$2.07B	$2.06B	$1.30B	$1.10B	$1.25B
Current Liabilities	$315.24M	$331.61M	$328.73M	$194.79M	$157.94M	$183.18M
Long-term Debt	$649.05M	$571.71M	$631.36M	$169.04M	$167.88M	$164.93M
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$1.37B	$1.11B	$1.04B	$865.97M	$701.30M	$822.12M
Retained Earnings	($305.16M)	($548.83M)	($637.84M)	($699.65M)	($677.90M)	($548.93M)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$379.11M	$273.85M	$104.70M	$40.23M	$15.01M	$3.99M
Investing Cash Flow	($7.48M)	($188.0K)	($610.27M)	($23.81M)	$25.06M	$23.40M
Financing Cash Flow	($135.96M)	($222.59M)	$615.56M	($2.72M)	($41.01M)	($99.77M)
CapEx	$25.76M	$27.58M	$31.59M	$16.64M	$8.95M	$14.90M
Free Cash Flow	$353.35M	$246.27M	$73.12M	$23.59M	$6.05M	($10.91M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-7.5%
Operating margin	20.9%	23.1%	18.0%	4.1%	-25.6%	-47.0%
EBITDA margin	32.1%	34.7%	30.8%	17.0%	-5.9%	-28.7%
Net margin	24.7%	13.4%	9.6%	-3.4%	-34.8%	-49.4%
Free cash flow margin	26.1%	18.3%	7.2%	3.6%	1.6%	-2.7%
FCF / Net income	1.06	1.36	0.75	-1.08	-0.05	0.06
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	9.9%	8.2%	9.4%	15.7%	18.5%	18.5%
Effective tax rate	-51.1%	21.8%	30.8%	-	-	-
Return on assets	14.0%	8.7%	4.7%	-1.7%	-11.8%	-15.7%
Return on equity	24.5%	16.2%	9.4%	-2.5%	-18.4%	-23.9%
Return on invested capital	14.0%	14.5%	7.5%	2.0%	-8.6%	-15.0%
Liquidity
Current ratio	2.90	2.11	1.80	1.94	2.17	2.12
Quick ratio	2.90	2.11	1.80	1.94	2.17	2.12
Cash ratio	1.84	0.98	0.83	0.84	0.94	0.82
Leverage
Debt / Equity	0.48	0.51	0.61	0.20	0.24	0.20
Debt / Assets	0.27	0.28	0.31	0.13	0.15	0.13
Debt / EBITDA	1.50	1.22	2.03	1.53	-	-
Interest coverage	-	-	-	-	-	-
Equity multiplier	1.75	1.86	1.98	1.50	1.56	1.52
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.57	0.65	0.49	0.50	0.34	0.32
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	7.6x	16.1x	39.2x	-	-	-
P / B	1.9x	2.6x	0.0x	0.0x	0.6x	0.4x
P / S	1.9x	2.2x	0.0x	0.0x	1.2x	0.9x
EV / EBITDA	6.0x	6.7x	1.2x	0.1x	-	-
Growth
Revenue growth (YoY)	0.5%	33.3%	55.9%	74.6%	-6.5%	-18.4%
Revenue CAGR (3y)	27.8%	53.6%	36.5%	10.0%	-3.0%	-
Revenue CAGR (5y)	27.8%	22.6%	20.0%	-	-17.6%	-22.7%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-9.2%	70.9%	582.2%	-	49.1%	-115.7%
Net income growth (YoY)	85.2%	85.9%	-	83.1%	34.3%	-38.4%
EPS growth (YoY)	95.3%	84.8%	-	84.4%	35.4%	-31.0%
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	43.5%	236.8%	210.0%	289.6%	-	77.9%
FCF CAGR (5y)	-	-	-	-	-51.6%	-
Book value growth (YoY)	22.6%	7.2%	20.0%	23.5%	-14.7%	-19.0%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$1.35B total

Vessel$1.34B · 99.0%

Product And Service Other$13.86M · 1.0%

Geographic

$1.35B total

Other Countries$613.62M · 45.4%

AO$155.85M · 11.5%

GB$149.01M · 11.0%

SA$133.78M · 9.9%

NO$117.44M · 8.7%

AU$108.47M · 8.0%

US$74.61M · 5.5%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✓Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Water Transportation

Company	Revenue (last FY)	Net margin	ROE
MATX	$3.34B	13.3%	16.1%
INSW	$843.30M	36.7%	15.3%
KEX	$3.36B	10.5%	10.5%
RCL	$17.93B	23.8%	42.5%
NCLH	-	-	19.2%

Comparing TIDEWATER INC against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-date	Per share
Dec 30, 2020	$0.0100
Dec 28, 2017	$0.0100
Dec 2, 2015	$8.0645
Sep 2, 2015	$8.0645
Jun 3, 2015	$8.0645
Mar 4, 2015	$8.0645
Dec 3, 2014	$8.0645
Sep 3, 2014	$8.0645
Jun 4, 2014	$8.0645
Feb 28, 2014	$8.0645
Dec 4, 2013	$8.0645
Sep 4, 2013	$8.0645
May 31, 2013	$8.0645
Mar 1, 2013	$8.0645
Nov 30, 2012	$8.0645
Aug 30, 2012	$8.0645
Jun 1, 2012	$8.0645
Mar 1, 2012	$8.0645
Dec 1, 2011	$8.0645
Aug 31, 2011	$8.0645
Jun 1, 2011	$8.0645
Mar 2, 2011	$8.0645
Dec 1, 2010	$8.0645
Sep 1, 2010	$8.0645