Tidewater Inc. (TDW)

Tidewater Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,360	1,346	1,010	647.68	371.03	397.04
Revenue Growth (YoY)	7.76%	33.25%	55.94%	74.56%	-6.55%	-18.40%
Cost of Revenue	687.5	696.66	560.86	399.43	264.05	272.19
Gross Profit	672.82	649.17	449.13	248.25	106.99	124.85
Selling, General & Admin	119.47	110.82	95.28	101.92	68.52	73.45
Depreciation & Amortization Expenses	256.8	242.77	180.33	119.16	114.54	116.71
Other Operating Expenses	10.74	15.76	8.7	0.96	13.14	136.68
Total Operating Expenses	387.01	369.35	284.32	222.05	196.2	326.84
Operating Income	285.81	279.82	164.81	26.21	-89.21	-201.98
Interest Income	7.99	6.38	6.56	5.18	-1.72	18.54
Interest Expense	-67.15	-72.97	-48.47	-17.19	-15.58	-24.16
Other Non-Operating Income (Expense)	-10.46	15.28	1.37	17	-10.73	5.25
Total Non-Operating Income (Expense)	-69.62	-51.31	-40.55	4.99	-28.03	-0.37
Pretax Income	216.19	228.52	124.27	31.2	-117.25	-202.35
Provision for Income Taxes	60.95	50.22	43.31	19.89	5.88	-0.97
Net Income	198.86	180.66	97.19	-21.75	-128.97	-196.24
Minority Interest in Earnings	-1.23	-1.38	-1.56	-0.44	-0.69	-0.45
Net Income to Common	198.86	180.66	97.19	-21.75	-128.97	-196.24
Net Income Growth	23.33%	85.89%	-	-	-	-
Shares Outstanding (Basic)	51	52	52	44	41	40
Shares Outstanding (Diluted)	52	53	53	44	41	40
Shares Change (YoY)	-2.90%	0.25%	19.95%	7.61%	1.62%	5.63%
EPS (Basic)	3.88	3.44	1.88	-0.49	-3.14	-4.86
EPS (Diluted)	3.86	3.40	1.84	-0.49	-3.14	-4.86
EPS Growth	27.39%	84.78%	-	-	-	-
Free Cash Flow	286.11	246.27	73.12	23.59	6.06	-10.91
Free Cash Flow Growth	16.18%	236.81%	209.96%	289.58%	-	-
Free Cash Flow Per Share	5.51	4.64	1.38	0.53	0.15	-0.27
Gross Margin	49.46%	48.24%	44.47%	38.33%	28.84%	31.45%
Operating Margin	21.01%	20.79%	16.32%	4.05%	-24.04%	-50.87%
Profit Margin	11.41%	13.25%	8.02%	1.75%	-33.18%	-50.72%
FCF Margin	21.03%	18.30%	7.24%	3.64%	1.63%	-2.75%
EBITDA	539.77	517.59	341.34	145.37	25.33	-85.28
EBITDA Margin	39.68%	38.46%	33.80%	22.44%	6.83%	-21.48%
EBIT	285.81	279.82	164.81	26.21	-89.21	-201.98
EBIT Margin	21.01%	20.79%	16.32%	4.05%	-24.04%	-50.87%
Effective Tax Rate	28.19%	21.97%	34.85%	63.74%	-5.01%	0.48%

Updated Aug 4, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q