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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $326.22M | - | $341.11M | $341.43M | $333.44M | - | $340.36M | $339.23M | $321.16M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $33.56M | - | $35.26M | $31.21M | $29.09M | - | $28.47M | $26.33M | $25.33M | - |
| Total Operating Expenses | $267.24M | - | $278.46M | $260.51M | $258.40M | - | $270.41M | $261.10M | $239.27M | - |
| D&A | $38.50M | - | $66.40M | $64.31M | $39.01M | - | $62.44M | $59.45M | $38.81M | - |
| Operating Income | $58.98M | - | $62.65M | $80.92M | $75.05M | - | $69.95M | $78.13M | $81.90M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $34.90M | - | $21.71M | $5.58M | $26.11M | - | $12.88M | $7.89M | $13.07M | - |
| Net Income | $6.14M | - | ($806.0K) | $72.93M | $42.65M | - | $46.37M | $50.35M | $47.03M | - |
| EPS - Basic | $0.12 | - | ($0.02) | $1.47 | $0.83 | - | $0.88 | $0.96 | $0.90 | - |
| EPS - Diluted | $0.12 | - | ($0.02) | $1.46 | $0.83 | - | $0.87 | $0.94 | $0.89 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $552.28M | $578.76M | $428.23M | $369.40M | $341.80M | $324.92M | $280.84M | $315.90M | $280.85M | $274.44M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $58.24M | $66.35M | $42.58M | $48.72M | $50.20M | $71.39M | $64.06M | $60.74M | $51.77M | $44.93M |
| Current Assets | $899.61M | $914.13M | $800.33M | $724.51M | $698.20M | $698.66M | $625.97M | $646.95M | $615.51M | $591.13M |
| Total Assets | $2.34B | $2.39B | $2.13B | $2.07B | $2.07B | $2.07B | $2.05B | $2.09B | $2.08B | $2.06B |
| Current Liabilities | $269.93M | $315.24M | $276.46M | $343.07M | $337.54M | $331.61M | $273.57M | $340.22M | $339.14M | $328.73M |
| Long-term Debt | $648.62M | $649.05M | $649.80M | $531.87M | $555.99M | $571.71M | $597.35M | $608.00M | $620.33M | $631.36M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $1.37B | $1.37B | $1.14B | $1.14B | $1.11B | $1.11B | $1.12B | $1.08B | $1.06B | $1.04B |
| Retained Earnings | ($299.02M) | ($305.16M) | ($525.04M) | ($524.24M) | ($545.89M) | ($548.83M) | ($541.19M) | ($573.39M) | ($594.35M) | ($637.84M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.18M | - | - | - | $85.97M | - | - | - | $54.77M | - |
| Investing Cash Flow | ($11.56M) | - | - | - | ($5.85M) | - | - | - | $1.52M | - |
| Financing Cash Flow | ($32.29M) | - | - | - | ($59.24M) | - | - | - | ($44.60M) | - |
| CapEx | $14.88M | - | - | - | $10.27M | - | - | - | $10.94M | - |
| Free Cash Flow | $4.29M | - | - | - | $75.71M | - | - | - | $43.82M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 18.1% | - | 18.4% | 23.7% | 22.5% | - | 20.6% | 23.0% | 25.5% | - |
| EBITDA margin | 29.9% | - | 37.8% | 42.5% | 34.2% | - | 38.9% | 40.6% | 37.6% | - |
| Net margin | 1.9% | - | -0.2% | 21.4% | 12.8% | - | 13.6% | 14.8% | 14.6% | - |
| Free cash flow margin | 1.3% | - | - | - | 22.7% | - | - | - | 13.6% | - |
| FCF / Net income | 0.70 | - | - | - | 1.77 | - | - | - | 0.93 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.3% | - | 10.3% | 9.1% | 8.7% | - | 8.4% | 7.8% | 7.9% | - |
| Effective tax rate | 85.0% | - | 103.9% | 7.1% | 38.0% | - | 21.7% | 13.5% | 21.7% | - |
| Return on assets | 0.3% | - | -0.0% | 3.5% | 2.1% | - | 2.3% | 2.4% | 2.3% | - |
| Return on equity | 0.4% | - | -0.1% | 6.4% | 3.8% | - | 4.2% | 4.7% | 4.4% | - |
| Return on invested capital | 1.5% | - | 1.7% | 4.5% | 2.8% | - | 3.2% | 4.0% | 3.8% | - |
| Liquidity | ||||||||||
| Current ratio | 3.33 | 2.90 | 2.89 | 2.11 | 2.07 | 2.11 | 2.29 | 1.90 | 1.81 | 1.80 |
| Quick ratio | 3.33 | 2.90 | 2.89 | 2.11 | 2.07 | 2.11 | 2.29 | 1.90 | 1.81 | 1.80 |
| Cash ratio | 2.05 | 1.84 | 1.55 | 1.08 | 1.01 | 0.98 | 1.03 | 0.93 | 0.83 | 0.83 |
| Leverage | ||||||||||
| Debt / Equity | 0.47 | 0.48 | 0.57 | 0.47 | 0.50 | 0.51 | 0.54 | 0.56 | 0.59 | 0.61 |
| Debt / Assets | 0.28 | 0.27 | 0.31 | 0.26 | 0.27 | 0.28 | 0.29 | 0.29 | 0.30 | 0.31 |
| Debt / EBITDA | 6.65 | - | 5.04 | 3.66 | 4.87 | - | 4.51 | 4.42 | 5.14 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.71 | 1.75 | 1.86 | 1.82 | 1.86 | 1.86 | 1.83 | 1.93 | 1.97 | 1.98 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.16 | 0.16 | 0.16 | - | 0.17 | 0.16 | 0.15 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 696.3x | - | - | 31.6x | 50.9x | - | 82.5x | 101.3x | 103.4x | - |
| P / B | 3.0x | - | 2.3x | 2.0x | 2.0x | - | 3.4x | 4.7x | 4.6x | - |
| P / S | 12.8x | - | 7.7x | 6.8x | 6.6x | - | 11.2x | 15.0x | 15.2x | - |
| EV / EBITDA | 43.7x | - | 22.2x | 17.0x | 21.0x | - | 31.2x | 39.0x | 43.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -2.2% | - | 0.2% | 0.6% | 3.8% | - | 13.7% | 57.8% | 66.3% | - |
| Revenue CAGR (3y) | 19.1% | - | 21.2% | 27.8% | 46.6% | - | 54.4% | 55.7% | - | - |
| Revenue CAGR (5y) | - | - | 31.6% | 27.2% | 23.4% | - | 23.2% | 21.9% | 28.5% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -21.4% | - | -10.4% | 3.6% | -8.4% | - | 25.6% | 100.6% | 234.3% | - |
| Net income growth (YoY) | -85.6% | - | - | 44.8% | -9.3% | - | 77.0% | 123.0% | 337.9% | - |
| EPS growth (YoY) | -85.5% | - | - | 55.3% | -6.7% | - | 77.6% | 118.6% | 323.8% | - |
| EPS CAGR (3y) | -17.0% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -94.3% | - | - | - | 72.8% | - | - | - | 957.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 22.9% | 22.6% | 2.4% | 5.4% | 5.4% | 7.2% | 8.1% | 21.1% | 21.0% | 20.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.35B totalVessel$1.34B · 99.0%
Product And Service Other$13.86M · 1.0%
Geographic
$1.35B totalOther 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%
Peer comparison
Same SIC group: Water Transportation
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 |