Tidewater Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,346	1,353	1,346	1,010	647.68	371.03
Revenue Growth (YoY)	-0.92%	0.52%	33.25%	55.94%	74.56%	-6.55%
Cost of Revenue	687.54	687	696.66	560.86	399.43	264.05
Gross Profit	658.02	665.78	649.17	449.13	248.25	106.99
Selling, General & Admin	139	134.53	110.82	95.28	101.92	68.52
Depreciation & Amortization Expenses	263.53	262.34	242.77	180.33	119.16	114.54
Other Operating Expenses	-11.03	-13.68	-15.76	-8.7	0.46	18.94
Total Operating Expenses	391.49	383.19	337.83	266.91	221.55	202
Operating Income	266.53	282.6	311.35	182.22	26.71	-95.02
Interest Income	8.2	8.17	6.38	6.56	5.18	-1.72
Interest Expense	-66.64	-66.09	-72.97	-48.47	-17.19	-15.58
Other Non-Operating Income (Expense)	-15.4	-4.43	-15.28	-1.37	-17	-11.47
Total Non-Operating Income (Expense)	-73.84	-62.35	-81.86	-43.29	-29.02	-28.77
Pretax Income	192.7	220.25	229.49	138.93	-2.31	-123.79
Provision for Income Taxes	-104.41	-113.21	50.22	43.31	19.89	5.88
Net Income	298.15	334.66	180.66	97.19	-21.75	-128.97
Minority Interest in Earnings	-1.04	-1.21	-1.38	-1.56	-0.44	-0.69
Net Income to Common	298.15	334.66	180.66	97.19	-21.75	-128.97
Net Income Growth	69.13%	85.25%	85.89%	-	-	-
Shares Outstanding (Basic)	50	50	52	52	44	41
Shares Outstanding (Diluted)	50	50	53	53	44	41
Shares Change (YoY)	-5.54%	-4.97%	0.25%	19.95%	7.61%	1.62%
EPS (Basic)	6.01	6.69	3.44	1.88	-0.49	-3.14
EPS (Diluted)	5.97	6.64	3.40	1.84	-0.49	-3.14
EPS Growth	78.74%	95.29%	84.78%	-	-	-
Shares Outstanding	49.73	49.57	51.46	52.26	50.55	41.31
Free Cash Flow	281.93	353.35	254.89	72.61	23.59	6.06
Free Cash Flow Growth	-20.21%	38.63%	251.06%	207.80%	289.58%	-
Free Cash Flow Per Share	5.66	7.01	4.80	1.37	0.53	0.15
Gross Margin	48.90%	49.22%	48.24%	44.47%	38.33%	28.84%
Operating Margin	19.81%	20.89%	23.13%	18.04%	4.12%	-25.61%
Profit Margin	22.08%	24.65%	13.32%	9.47%	-3.43%	-34.95%
FCF Margin	20.95%	26.12%	18.94%	7.19%	3.64%	1.63%
EBITDA	530.06	544.94	554.12	362.55	145.87	19.53
EBITDA Margin	39.39%	40.28%	41.17%	35.90%	22.52%	5.26%
EBIT	266.53	282.6	311.35	182.22	26.71	-95.02
EBIT Margin	19.81%	20.89%	23.13%	18.04%	4.12%	-25.61%
Effective Tax Rate	-54.19%	-51.40%	21.88%	31.17%	-861.98%	-4.75%

Updated May 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q