TDW
Tidewater Inc
NYSE: TDW · ENERGY · OIL & GAS EQUIPMENT & SERVICES
$88.33
+1.92% today
Updated 2026-04-29
Market cap
$4.30B
P/E ratio
13.05
P/S ratio
3.18x
EPS (TTM)
$6.64
Dividend yield
—
52W range
$36 – $93
Volume
0.9M
Tidewater Inc (TDW) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $1.27B | $1.39B | $1.17B | $1.06B | $1.07B | $1.24B | $1.44B | $1.50B | $979.06M | $601.61M | $330.12M | $406.52M | $486.55M | $397.04M | $371.03M | $647.68M | $1.01B | $1.35B | $1.35B |
| Revenue growth (YoY) | — | +12.9% | +9.5% | -16.0% | -9.7% | +1.1% | +16.6% | +15.3% | +4.2% | -34.5% | -38.6% | -45.1% | +23.1% | +19.7% | -18.4% | -6.5% | +74.6% | +55.9% | +33.3% | +0.5% |
| Cost of revenue | $521.90M | $632.20M | $690.20M | $632.60M | $783.83M | $765.64M | $852.10M | $979.12M | $1.04B | $762.25M | $539.19M | $318.24M | $333.40M | $433.93M | $388.89M | $378.59M | $518.59M | $741.19M | $939.43M | $936.44M |
| Gross profit | $603.40M | $638.00M | $700.60M | $536.00M | $271.56M | $301.37M | $392.07M | $455.99M | $459.44M | $216.81M | $62.42M | $11.88M | $73.12M | $52.62M | $8.14M | $-7.56M | $129.09M | $268.80M | $406.40M | $416.35M |
| Gross margin | 53.6% | 50.2% | 50.4% | 45.9% | 25.7% | 28.2% | 31.5% | 31.8% | 30.7% | 22.1% | 10.4% | 3.6% | 18.0% | 10.8% | 2.1% | -2.0% | 19.9% | 26.6% | 30.2% | 30.8% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | $0.00 | — | — | — | — | — | — | — |
| SG&A | $98.70M | $126.60M | $136.20M | $149.90M | $137.00M | $165.13M | $182.63M | $198.24M | $206.30M | $181.19M | $179.65M | $113.38M | $101.02M | $103.72M | $71.94M | $68.17M | $99.90M | $94.19M | $110.10M | $134.53M |
| Operating income | $470.39M | $449.11M | $439.40M | $295.16M | $139.34M | $113.55M | $206.23M | $201.54M | $-37.18M | $-69.52M | $-577.85M | $-76.57M | $-107.50M | $-86.60M | $-186.80M | $-95.02M | $26.71M | $182.22M | $311.35M | $290.16M |
| Operating margin | 41.8% | 35.4% | 31.6% | 25.3% | 13.2% | 10.6% | 16.6% | 14.0% | -2.5% | -7.1% | -96.1% | -23.2% | -26.4% | -17.8% | -47.0% | -25.6% | 4.1% | 18.0% | 23.1% | 21.4% |
| EBITDA | $586.59M | $569.91M | $643.70M | $425.36M | $299.44M | $271.70M | $372.21M | $384.34M | $158.81M | $96.50M | $-401.30M | $-1.59B | $-71.75M | $-7.38M | $-100.47M | $-34.98M | $98.40M | $316.18M | $458.62M | $552.50M |
| EBITDA margin | 52.1% | 44.9% | 46.3% | 36.4% | 28.4% | 25.5% | 29.9% | 26.8% | 10.6% | 9.9% | -66.7% | -482.5% | -17.6% | -1.5% | -25.3% | -9.4% | 15.2% | 31.3% | 34.1% | 40.8% |
| EBIT | $470.39M | $449.11M | $517.50M | $295.16M | $158.86M | $133.34M | $224.91M | $216.86M | $-16.40M | $-85.81M | $-568.59M | $-1.66B | $-123.08M | $-84.43M | $-173.50M | $-108.20M | $14.88M | $187.40M | $302.45M | $290.16M |
| Interest expense | $19.60M | $23.50M | $26.00M | $27.40M | $10.77M | $22.31M | $29.75M | $43.81M | $50.03M | $53.75M | $75.03M | $0.00 | $30.44M | $29.07M | $24.16M | $15.58M | $17.19M | $48.47M | $72.97M | $66.09M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $356.61M | $348.79M | $406.90M | $259.44M | $105.62M | $87.41M | $150.75M | $140.25M | $-65.19M | $-160.18M | $-660.12M | $-2.25B | $-171.52M | $-141.74M | $-196.24M | $-128.97M | $-21.75M | $97.19M | $180.66M | $334.66M |
| Net income growth (YoY) | — | -2.2% | +16.7% | -36.2% | -59.3% | -17.2% | +72.5% | -7.0% | -146.5% | -145.7% | -312.1% | -240.6% | +92.4% | +17.4% | -38.4% | +34.3% | +83.1% | +546.8% | +85.9% | +85.2% |
| Profit margin | 31.7% | 27.5% | 29.3% | 22.2% | 10.0% | 8.2% | 12.1% | 9.8% | -4.4% | -16.4% | -109.7% | -681.0% | -42.2% | -29.1% | -49.4% | -34.8% | -3.4% | 9.6% | 13.4% | 24.7% |