Tidewater Inc. | Mid-cap | Energy
$51.08
-3.55%
| Tidewater Stock Comparison:
Tidewater vs Schlumberger LimitedTidewater vs HalliburtonTidewater vs NovTidewater vs ChampionXTidewater vs WeatherfordTidewater vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 333.4M
Gross Profit 101.6M 30.47%
Operating Income 72.5M 21.75%
Net Income 42.3M 12.69%
EPS (Diluted) $0.83

Balance Sheet Metrics

Total Assets 2.1B
Total Liabilities 955.8M
Shareholders Equity 1.1B
Debt to Equity 0.86

Cash Flow Metrics

Operating Cash Flow 85.4M
Free Cash Flow 75.7M

Revenue & Profitability Trend

Tidewater Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 1.3B 1.0B 647.7M 371.0M 397.0M
Cost of Goods Sold i 939.4M 741.2M 518.6M 378.6M 388.9M
Gross Profit i 406.4M 268.8M 129.1M -7.6M 8.1M
Gross Margin % i 30.2% 26.6% 19.9% -2.0% 2.1%
Operating Expenses
Research & Development i - - - - -
Selling, General & Administrative i 110.1M 94.2M 99.9M 68.2M 71.9M
Other Operating Expenses i - - - - 2.0M
Total Operating Expenses i 110.1M 94.2M 99.9M 68.2M 73.9M
Operating Income i 296.3M 174.6M 29.2M -75.7M -63.8M
Operating Margin % i 22.0% 17.3% 4.5% -20.4% -16.1%
Non-Operating Items
Interest Income i 6.4M 6.5M 5.4M 1.6M 1.2M
Interest Expense i 73.0M 48.5M 17.2M 15.6M 24.2M
Other Non-Operating Income -230.0K 6.3M -19.7M -34.1M -110.9M
Pre-tax Income i 229.5M 138.9M -2.3M -123.8M -197.7M
Income Tax i 50.2M 43.3M 19.9M 5.9M -965.0K
Effective Tax Rate % i 21.9% 31.2% 0.0% 0.0% 0.0%
Net Income i 179.3M 95.6M -22.2M -129.7M -196.7M
Net Margin % i 13.3% 9.5% -3.4% -34.9% -49.5%
Key Metrics
EBITDA i 458.9M 309.9M 117.9M -4.2M 8.6M
EPS (Basic) i $3.44 $1.88 $-0.49 $-3.14 $-4.86
EPS (Diluted) i $3.40 $1.84 $-0.49 $-3.14 $-4.86
Basic Shares Outstanding i 52452000 51591000 44132000 41009000 40355000
Diluted Shares Outstanding i 52452000 51591000 44132000 41009000 40355000

Income Statement Trend

Tidewater Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 324.9M 274.4M 164.2M 149.0M 149.9M
Short-term Investments i - - - - -
Accounts Receivable i 323.8M 268.4M 156.5M 86.5M 112.6M
Inventory i 34.3M 31.9M 30.8M 12.6M 15.9M
Other Current Assets 13.6M 15.2M 21.0M 8.7M 11.7M
Total Current Assets i 698.7M 591.1M 377.9M 342.7M 388.6M
Non-Current Assets
Property, Plant & Equipment i 29.0M 32.4M 35.8M 19.6M 16.9M
Goodwill i - - - - -
Intangible Assets i - - - - -
Long-term Investments - - - - -
Other Non-Current Assets 192.0M 156.5M 123.1M 65.1M 82.2M
Total Non-Current Assets i 1.4B 1.5B 919.7M 753.1M 862.5M
Total Assets i 2.1B 2.1B 1.3B 1.1B 1.3B
Liabilities
Current Liabilities
Accounts Payable i 71.4M 44.9M 38.9M 20.8M 17.0M
Short-term Debt i 65.4M 103.1M - - 27.8M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities 16.8M 10.7M 11.0M 4.9M 8.9M
Total Current Liabilities i 331.6M 328.7M 194.8M 157.9M 183.2M
Non-Current Liabilities
Long-term Debt i 571.7M 631.4M 169.0M 167.9M 164.9M
Deferred Tax Liabilities i - - - - -
Other Non-Current Liabilities 18.3M 18.7M 15.0M 12.0M 12.8M
Total Non-Current Liabilities i 632.1M 696.3M 236.9M 236.1M 244.7M
Total Liabilities i 963.7M 1.0B 431.7M 394.0M 427.9M
Equity
Common Stock i 52.0K 52.0K 51.0K 41.0K 41.0K
Retained Earnings i -548.8M -637.8M -699.6M -677.9M -548.9M
Treasury Stock i - - - - -
Other Equity - - - - -
Total Shareholders Equity i 1.1B 1.0B 866.0M 701.8M 823.3M
Key Metrics
Total Debt i 637.1M 734.4M 169.0M 167.9M 192.7M
Working Capital i 367.0M 262.4M 183.1M 184.7M 205.5M

Balance Sheet Composition

Tidewater Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 179.3M 95.6M -22.2M -129.7M -196.7M
Depreciation & Amortization i 156.2M 128.8M 83.5M 73.2M 73.0M
Stock-Based Compensation i 13.7M 10.8M 7.4M 5.6M 5.1M
Working Capital Changes i -154.0M -197.8M -72.9M -6.8M -30.3M
Operating Cash Flow i 280.6M 89.8M 31.8M -14.4M -98.0M
Investing Activities
Capital Expenditures i -27.6M -31.6M -16.6M -9.0M -14.9M
Acquisitions i 0 -594.2M -20.7M 0 0
Investment Purchases i - - - - -
Investment Sales i - - - - -
Investing Cash Flow i -188.0K -610.3M -23.8M 25.1M 23.4M
Financing Activities
Share Repurchases i -90.7M -35.0M 0 0 -
Dividends Paid i - - - - -
Debt Issuance i 0 575.0M 0 172.4M 0
Debt Repayment i -103.0M -13.7M 0 -198.9M -98.1M
Financing Cash Flow i -222.6M 504.1M 185.1M -41.0M -99.8M
Free Cash Flow i 246.3M 73.1M 23.6M 6.1M -10.9M
Net Change in Cash i 57.8M -16.4M 193.1M -30.3M -174.3M

Cash Flow Trend

Tidewater Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 14.06
Forward P/E 7.66
Price to Book 2.34
Price to Sales 1.96
PEG Ratio 0.26

Profitability Ratios

Profit Margin 14.62%
Operating Margin 22.06%
Return on Equity 17.84%
Return on Assets 8.91%

Financial Health

Current Ratio 2.11
Debt to Equity 55.03
Beta 1.05

Per Share Data

EPS (TTM) $3.84
Book Value per Share $23.03
Revenue per Share $26.42

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
tdw 2.6B 14.06 2.34 17.84% 14.62% 55.03
Schlumberger Limited 51.0B 11.63 2.26 19.22% 11.53% 63.58
Halliburton 17.1B 8.33 1.65 21.00% 9.31% 82.37
Nov 5.1B 11.31 0.78 7.38% 5.36% 36.15
ChampionX 4.9B 17.09 2.58 16.83% 8.20% 34.38
Weatherford 4.7B 10.04 3.10 37.77% 9.35% 115.01

Financial data is updated regularly. All figures are in the company's reporting currency.