InsiderClue
Stocks · Industrials · Water Transportation

TIDEWATER INC

TDW Clue Score70
United States Fiscal year ends December CIK 0000098222
$85.42 +0.85% Close, 9 Oct 2026
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Price $85.42 +561.66% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue601.6Operating income−577.9Net income−660.1EPS, diluted−14.02Fiscal year 2018Revenue406.5 −32.4%Operating income−107.5Net income−171.5EPS, diluted−6.45Fiscal year 2019Revenue486.5 +19.7%Operating income−86.6Net income−141.7EPS, diluted−3.71Fiscal year 2020Revenue397.0 −18.4%Operating income−186.8Net income−196.2EPS, diluted−4.86Fiscal year 2021Revenue371.0 −6.5%Operating income−95.0Net income−129.0EPS, diluted−3.14Fiscal year 2022Revenue647.7 +74.6%Operating income26.7Net income−21.7EPS, diluted−0.49Fiscal year 2023Revenue1,010.0 +55.9%Operating income182.2Net income97.2EPS, diluted1.84Fiscal year 2024Revenue1,345.8 +33.3%Operating income311.3Net income180.7 +85.9%EPS, diluted3.40Fiscal year 2025Revenue1,352.8 +0.5%Operating income282.6Net income334.7 +85.2%EPS, diluted6.64
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 601.6 406.5 486.5 397.0 371.0 647.7 1,010.0 1,345.8 1,352.8
Growth −32.4% +19.7% −18.4% −6.5% +74.6% +55.9% +33.3% +0.5%
Operating income −577.9 −107.5 −86.6 −186.8 −95.0 26.7 182.2 311.3 282.6
Net income −660.1 −171.5 −141.7 −196.2 −129.0 −21.7 97.2 180.7 334.7
Growth +85.9% +85.2%
EPS, diluted −14.02 −6.45 −3.71 −4.86 −3.14 −0.49 1.84 3.40 6.64

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin−9.9%Operating margin−96.1%Net margin−109.7%Free cash flow margin0.7%Fiscal year 2018Gross margin1.5%Operating margin−26.4%Net margin−42.2%Free cash flow margin−4.3%Fiscal year 2019Gross margin1.4%Operating margin−17.8%Net margin−29.1%Free cash flow margin−10.2%Fiscal year 2020Gross margin−7.5%Operating margin−47.0%Net margin−49.4%Free cash flow margin−2.7%Fiscal year 2021Operating margin−25.6%Net margin−34.8%Free cash flow margin1.6%Fiscal year 2022Operating margin4.1%Net margin−3.4%Free cash flow margin3.6%Fiscal year 2023Operating margin18.0%Net margin9.6%Free cash flow margin7.2%Fiscal year 2024Operating margin23.1%Net margin13.4%Free cash flow margin18.9%Fiscal year 2025Operating margin20.9%Net margin24.7%Free cash flow margin26.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin −9.9% 1.5% 1.4% −7.5% n/a n/a n/a n/a n/a
Operating margin −96.1% −26.4% −17.8% −47.0% −25.6% 4.1% 18.0% 23.1% 20.9%
Net margin −109.7% −42.2% −29.1% −49.4% −34.8% −3.4% 9.6% 13.4% 24.7%
Free cash flow margin 0.7% −4.3% −10.2% −2.7% 1.6% 3.6% 7.2% 18.9% 26.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow29.8Capital expenditure−25.5Free cash flow4.3Fiscal year 2018Operating cash flow3.9Capital expenditure−21.4Free cash flow−17.5 −503.7%Fiscal year 2019Operating cash flow−31.4Capital expenditure−18.0Free cash flow−49.4Fiscal year 2020Operating cash flow4.0Capital expenditure−14.9Free cash flow−10.9Fiscal year 2021Operating cash flow15.0Capital expenditure−9.0Free cash flow6.1Buybacks0.0Fiscal year 2022Operating cash flow40.2Capital expenditure−16.6Free cash flow23.6 +289.6%Buybacks0.0Fiscal year 2023Operating cash flow104.2Capital expenditure−31.6Free cash flow72.6 +207.8%Buybacks−35.0Fiscal year 2024Operating cash flow282.5Capital expenditure−27.6Free cash flow254.9 +251.1%Buybacks−90.7Fiscal year 2025Operating cash flow379.1Capital expenditure−25.8Free cash flow353.3 +38.6%Buybacks−90.1
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 29.8 3.9 −31.4 4.0 15.0 40.2 104.2 282.5 379.1
Capital expenditure −25.5 −21.4 −18.0 −14.9 −9.0 −16.6 −31.6 −27.6 −25.8
Free cash flow 4.3 −17.5 −49.4 −10.9 6.1 23.6 72.6 254.9 353.3
Growth −503.7% +289.6% +207.8% +251.1% +38.6%
Buybacks n/a n/a n/a n/a 0.0 0.0 −35.0 −90.7 −90.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash706.4Total debt4,074.6Net cash (debt)−3,368.2Shareholders’ equity1,634.9Debt to equity2.49Fiscal year 2018Cash371.8Total debt439.0Net cash (debt)−67.2Shareholders’ equity1,143.8Debt to equity0.38Fiscal year 2019Cash218.3Total debt288.9Net cash (debt)−70.6Shareholders’ equity1,014.8Debt to equity0.28Fiscal year 2020Cash149.9Total debt192.7Net cash (debt)−42.8Shareholders’ equity822.1Debt to equity0.23Fiscal year 2021Cash149.0Total debt167.9Net cash (debt)−18.8Shareholders’ equity701.3Debt to equity0.24Fiscal year 2022Cash164.2Total debt169.0Net cash (debt)−4.8Shareholders’ equity866.0Debt to equity0.20Fiscal year 2023Cash274.4Total debt734.4Net cash (debt)−460.0Shareholders’ equity1,039.2Debt to equity0.71Fiscal year 2024Cash324.9Total debt637.1Net cash (debt)−312.2Shareholders’ equity1,114.1Debt to equity0.57Fiscal year 2025Cash578.8Total debt654.9Net cash (debt)−76.1Shareholders’ equity1,365.4Debt to equity0.48
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 706.4 371.8 218.3 149.9 149.0 164.2 274.4 324.9 578.8
Total debt 4,074.6 439.0 288.9 192.7 167.9 169.0 734.4 637.1 654.9
Net cash (debt) −3,368.2 −67.2 −70.6 −42.8 −18.8 −4.8 −460.0 −312.2 −76.1
Shareholders’ equity 1,634.9 1,143.8 1,014.8 822.1 701.3 866.0 1,039.2 1,114.1 1,365.4
Debt to equity 2.49 0.38 0.28 0.23 0.24 0.20 0.71 0.57 0.48

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−9.9% 1.5% 1.4% −7.5% n/a n/a n/a n/a n/a
−96.1% −26.4% −17.8% −47.0% −25.6% 4.1% 18.0% 23.1% 20.9%
−107.0% −37.8% −23.3% −49.8% −33.4% −0.4% 13.8% 17.1% 16.3%
−109.7% −42.2% −29.1% −49.4% −34.8% −3.4% 9.6% 13.4% 24.7%
0.7% −4.3% −10.2% −2.7% 1.6% 3.6% 7.2% 18.9% 26.1%
Spending
24.2% 27.1% 21.3% 18.5% 18.5% 15.7% 9.4% 8.2% 9.9%
4.2% 5.3% 3.7% 3.8% 2.4% 2.6% 3.1% 2.0% 1.9%
n/a n/a n/a n/a n/a n/a 31.2% 21.9% −51.4%
Returns
−40.4% −15.0% −14.0% −23.9% −18.4% −2.5% 9.4% 16.2% 24.5%
−15.8% −9.4% −9.0% −15.7% −11.8% −1.7% 4.7% 8.7% 14.0%
Balance and payout
2.49 0.38 0.28 0.23 0.24 0.20 0.71 0.57 0.48
n/a n/a n/a n/a 0.0% 0.0% 48.2% 35.6% 25.5%