TIDEWATER INC TDW
Last close
94.26
2026-09-04
Market cap
$4.69B
2026-06-30 share count
52-week range
46.65 - 101.58
Valuation FY2025 figures against the last close
P/S3.5x
P/E14.2x
P/FCF13.3x
EV/EBITDA11.0x
Dividend yield—
Diluted EPS6.64
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.35B | $1.35B | $1.01B | $647.7M | $371.0M | $397.0M | $486.5M | $406.5M | — | $601.6M |
| Gross profit | — | — | — | — | — | -$29.7M | $6.9M | $6.1M | — | -$59.4M |
| SG&A | $134.5M | $110.8M | $95.3M | $101.9M | $68.5M | $73.4M | $103.7M | $110.0M | — | $145.9M |
| Total operating expenses | $1.07B | $1.03B | $827.8M | $621.0M | $466.0M | $583.8M | $573.2M | $514.0M | — | $1.18B |
| Operating income | $282.6M | $311.3M | $182.2M | $26.7M | -$95.0M | -$186.8M | -$86.6M | -$107.5M | — | -$577.9M |
| Pre-tax income | $220.2M | $229.5M | $138.9M | -$2.3M | -$123.8M | -$197.7M | -$113.5M | -$153.5M | — | -$643.6M |
| Income tax | $113.2M | $50.2M | $43.3M | $19.9M | $5.9M | $965.0K | $27.7M | $18.3M | — | $6.4M |
| Net income | $333.5M | $179.0M | $95.6M | -$22.0M | -$129.0M | -$196.2M | -$141.7M | -$171.5M | — | -$660.1M |
| EPS, basic | 6.69 | 3.44 | 1.88 | -0.49 | -3.14 | -4.86 | -3.71 | -6.45 | — | -14.02 |
| EPS, diluted | 6.64 | 3.40 | 1.84 | -0.49 | -3.14 | -4.86 | -3.71 | -6.45 | — | -14.02 |
| Shares, diluted (wtd. avg.) | $50.4M | $53.1M | $52.9M | $44.1M | $41.0K | $40.4K | $38.2M | $26.6M | — | $47.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $578.8M | $324.9M | $274.4M | $164.2M | $149.0M | $149.9M | $218.3M | $371.8M | $432.0M | $706.4M |
| Receivables | — | — | — | — | — | — | — | $111.3M | $114.2M | $123.3M |
| Total current assets | $914.1M | $698.7M | $591.1M | $377.9M | $342.7M | $388.6M | $537.3M | $683.3M | $845.2M | $1.14B |
| Property, plant and equipment | $1.07B | $1.18B | $1.32B | $796.7M | $688.0M | $780.3M | $939.0M | $1.09B | $850.9M | $2.86B |
| Total assets | $2.39B | $2.07B | $2.06B | $1.30B | $1.10B | $1.25B | $1.58B | $1.83B | $3.88B | $4.19B |
| Accounts payable | $66.3M | $71.4M | $44.9M | $38.9M | $20.8M | $17.0M | $27.5M | $31.9M | $38.5M | $31.6M |
| Short-term debt | $5.8M | $65.4M | $103.1M | $0 | $0 | $27.8M | $9.9M | $8.6M | $5.1M | $2.03B |
| Total current liabilities | $315.2M | $331.6M | $328.7M | $194.8M | $157.9M | $183.2M | $185.7M | $158.4M | $220.1M | $2.33B |
| Long-term debt | $649.0M | $571.7M | $631.4M | $169.0M | $167.9M | $164.9M | $279.0M | $430.4M | $443.1M | — |
| Retained earnings | -$305.2M | -$548.8M | -$637.8M | -$699.6M | -$677.9M | -$548.9M | -$352.5M | -$210.8M | -$39.3M | $1.48B |
| Total equity | $1.37B | $1.11B | $1.04B | $866.0M | $701.8M | $823.3M | $1.02B | $1.14B | $1.02B | $1.63B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $379.1M | $282.5M | $104.2M | $40.2M | $15.0M | $4.0M | -$31.4M | $3.9M | — | $29.8M |
| Depreciation and amortisation | $151.1M | $156.2M | $128.8M | $83.5M | $73.2M | $73.0M | $77.0M | $51.3M | — | — |
| Stock-based compensation | $14.5M | $13.7M | $10.8M | $7.4M | $5.6M | $5.1M | $19.6M | $13.4M | — | $3.3M |
| Capital expenditure | $25.8M | $27.6M | $31.6M | $16.6M | $9.0M | $14.9M | $18.0M | $21.4M | — | $25.5M |
| Investing cash flow | -$7.5M | -$188.0K | -$610.3M | -$23.8M | $25.1M | $23.4M | $10.8M | $68.5M | — | $14.9M |
| Financing cash flow | -$136.0M | -$222.6M | $615.6M | -$2.7M | -$41.0M | -$99.8M | -$149.6M | -$128.1M | — | -$16.7M |
| Buybacks | $90.1M | $90.7M | $35.0M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-050441.
Others in SIC 4400
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|---|---|---|---|---|
| RCL | ROYAL CARIBBEAN CRUISES LTD | $70.93B | 17.0x | 8.8% |
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| KEX | KIRBY CORP | $7.43B | 22.2x | 3.0% |
| NCLH | Norwegian Cruise Line Holdings Ltd. | $7.15B | 16.9x | 3.7% |
| MATX | Matson, Inc. | $6.75B | 16.3x | -2.3% |
| INSW | International Seaways, Inc. | $5.18B | 16.8x | -11.4% |
| OMEX | ODYSSEY MARINE EXPLORATION INC | $47.9M | — | -54.0% |
| GLNG | GOLAR LNG LTD | — | — | 51.1% |