TDW

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Tidewater Inc.

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Key Metrics

Previous Close: $94.63
52-Week Range: $46.65 – $96.49
Market Cap: $4.80B
P/E (TTM): 19.57
EPS (TTM): 4.93
Dividend Yield: —

Advanced Metrics

Price/Book: 3.51
PEG Ratio: —
Return on Equity: 19.45%
Return on Assets: 6.96%
Gross Margin: 48.09%
Operating Margin: -8.66%
Profit Margin: 18.34%
Current Ratio: 3.58
Debt/Equity: 0.45
Total Debt: $447.94M
Free Cash Flow: $367.62M
Revenue Growth: -43.10%
Earnings Growth: —
Enterprise Value: $4.72B

TDW Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$647.68M	$1.01B	$1.35B	$1.35B
Cost of Revenue	$518.59M	$741.19M	$939.43M	$949.34M
Gross Profit	$129.09M	$268.80M	$406.40M	$403.44M
Selling, General & Admin	$99.90M	$94.19M	$110.10M	$126.19M
Operating Expenses	$99.90M	$94.19M	$110.10M	$126.19M
Operating Income	$29.20M	$174.60M	$296.30M	$277.26M
EBITDA	$98.40M	$316.18M	$458.62M	$437.43M
Pretax Income	-$2.31M	$138.93M	$229.49M	$220.25M
Income Tax	$19.89M	$43.31M	$50.22M	-$113.21M
Net Income	-$21.75M	$97.19M	$180.66M	$334.66M
Diluted EPS	-0.49	1.84	3.40	6.64
Diluted Shares	44.13M	52.94M	53.07M	50.43M

TDW Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$164.19M	$274.44M	$324.92M	$578.76M
Receivables	$156.47M	$268.35M	$323.81M	$285.37M
Inventory	$30.83M	$31.93M	$34.32M	$38.48M
Current Assets	$377.91M	$591.13M	$698.66M	$914.13M
Total Assets	$1.30B	$2.06B	$2.07B	$2.39B
Current Liabilities	$194.79M	$328.73M	$331.61M	$315.24M
Long-Term Debt	$169.04M	$631.36M	$571.71M	$649.05M
Total Debt	$169.04M	$734.44M	$637.10M	$679.26M
Total Liabilities	$431.67M	$1.03B	$963.72M	$1.03B
Retained Earnings	-$699.65M	-$637.84M	-$548.83M	-$305.16M
Shareholders' Equity	$865.97M	$1.04B	$1.11B	$1.37B
Working Capital	$183.12M	$262.40M	$367.05M	$598.90M
Net Debt	$4.84M	$460.00M	$312.18M	$76.13M

TDW Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$40.23M	$104.19M	$282.47M	$379.11M
Capital Expenditure	-$16.64M	-$31.59M	-$27.58M	-$25.76M
Free Cash Flow	$23.59M	$72.61M	$254.89M	$353.35M
Depreciation & Amortisation	$83.52M	$128.78M	$156.17M	$151.09M
Stock-Based Compensation	$7.37M	$10.76M	$13.68M	$14.48M
Investing Cash Flow	-$23.81M	-$610.27M	-$188.00K	-$7.48M
Financing Cash Flow	-$2.72M	$615.56M	-$222.59M	-$135.96M
Share Repurchases	$0.00	-$35.02M	-$90.74M	-$90.09M
Net Change in Cash	$13.70M	$109.48M	$59.69M	$235.67M

TDW Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$333.44M	$341.43M	$341.11M	$336.80M	$326.22M
Cost of Revenue	$231.84M	$234.78M	$243.79M	$238.94M	$233.57M
Gross Profit	$101.60M	$106.66M	$97.33M	$97.86M	$92.66M
Selling, General & Admin	$29.09M	$31.21M	$35.26M	$30.62M	$33.56M
Operating Expenses	$29.09M	$31.21M	$35.26M	$30.62M	$33.56M
Operating Income	$72.51M	$75.44M	$62.07M	$67.24M	$59.10M
EBITDA	$123.79M	$131.64M	$74.62M	$107.39M	$96.27M
Pretax Income	$68.43M	$78.29M	$20.69M	$52.84M	$40.88M
Income Tax	$26.11M	$5.58M	$21.71M	-$166.61M	$34.90M
Net Income	$42.65M	$72.93M	-$806.00K	$219.88M	$6.14M
Diluted EPS	0.83	1.46	-0.02	4.41	0.12
Diluted Shares	51.68M	50.01M	49.50M	49.90M	49.84M

TDW Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$341.80M	$369.40M	$428.23M	$578.76M	$552.28M
Receivables	$312.90M	$316.49M	$332.60M	$285.37M	$299.74M
Inventory	$23.10M	$24.47M	$27.86M	$38.48M	$29.40M
Current Assets	$698.20M	$724.51M	$800.33M	$914.13M	$899.61M
Total Assets	$2.07B	$2.07B	$2.13B	$2.39B	$2.34B
Current Liabilities	$337.54M	$343.07M	$276.46M	$315.24M	$269.93M
Long-Term Debt	$555.99M	$531.87M	$649.80M	$649.05M	$648.62M
Total Debt	$636.04M	$625.24M	$675.52M	$679.26M	$654.38M
Total Liabilities	$955.80M	$938.14M	$989.86M	$1.03B	$976.68M
Retained Earnings	-$545.89M	-$524.24M	-$525.04M	-$305.16M	-$299.02M
Shareholders' Equity	$1.11B	$1.14B	$1.14B	$1.37B	$1.37B
Working Capital	$360.65M	$381.43M	$523.87M	$598.90M	$629.69M
Net Debt	$294.24M	$255.84M	$227.42M	$76.13M	$102.10M

TDW Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$80.41M	$91.00M	$54.74M	$152.96M	$19.18M
Capital Expenditure	-$10.27M	-$5.23M	-$5.12M	-$5.15M	-$14.88M
Free Cash Flow	$70.14M	$85.77M	$49.62M	$147.81M	$4.29M
Depreciation & Amortisation	$39.01M	$36.91M	$37.33M	$37.84M	$38.50M
Stock-Based Compensation	$3.49M	$4.06M	$3.48M	$3.45M	$3.06M
Investing Cash Flow	-$5.85M	$2.10M	-$3.92M	$184.00K	-$11.56M
Financing Cash Flow	-$59.24M	-$65.14M	-$7.99M	-$3.59M	-$32.29M
Share Repurchases	-$39.27M	-$50.81M	$0.00	$0.00	$0.00
Net Change in Cash	$15.32M	$27.95M	$42.84M	$149.55M	-$24.67M

Market Snapshot

About

Tidewater Inc. is a leading provider of offshore marine support and transportation services to the global offshore energy industry. The company operates one of the largest fleets of offshore support vessels, providing services including towing, anchor handling, and supply vessel operations to oil and gas exploration and production companies. Tidewater serves customers in key offshore markets worldwide.