TIDEWATER INC TDW

Industrials SIC 4400 - Water Transportation NAICS Transportation and Warehousing › Water Transportation derived NYSE

Last close 86.07 2026-10-23
Market cap $4.28B 2026-06-30 share count
52-week range 47.59 - 101.58

Valuation FY2025 figures against the last close

P/S3.2x
P/E13.0x
P/FCF12.1x
EV/EBITDA10.1x
Dividend yield—
Diluted EPS6.64

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Other Countries
  • Angola
  • United Kingdom
  • Saudi Arabia
  • Norway
  • Australia
  • United States
Revenue by geography, 7 categories over 2 years. The same figures are in the table below. FY2025 Other Countries, FY2025: 613.6M (45.4%) 45% Other Countries Angola, FY2025: 155.8M (11.5%) 12% Angola United Kingdom, FY2025: 149M (11.0%) 11% United Kingdom Saudi Arabia, FY2025: 133.8M (9.9%) 10% Saudi Arabia Norway, FY2025: 117.4M (8.7%) 9% Norway Australia, FY2025: 108.5M (8.0%) 8% Australia United States, FY2025: 74.6M (5.5%) 6% FY2024 Other Countries, FY2024: 600.3M (44.6%) 45% Angola, FY2024: 144.6M (10.7%) 11% United Kingdom, FY2024: 147.2M (10.9%) 11% Saudi Arabia, FY2024: 129.3M (9.6%) 10% Norway, FY2024: 112.2M (8.3%) 8% Australia, FY2024: 130.8M (9.7%) 10% United States, FY2024: 81.5M (6.1%) 6%
Region FY2025FY2024
Other Countries $613.6M $600.3M
Angola $155.8M $144.6M
United Kingdom $149.0M $147.2M
Saudi Arabia $133.8M $129.3M
Norway $117.4M $112.2M
Australia $108.5M $130.8M
United States $74.6M $81.5M

As the company reported it, from the “Note 15 - Segment Information, Geographical Data and Major Customers - Schedule of Revenue From External Customers Attributed to Countries by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 6.693.441.88-0.49-3.14-4.86-3.71-6.45—-14.02
EPS, diluted 6.643.401.84-0.49-3.14-4.86-3.71-6.45—-14.02
Shares, diluted (wtd. avg.) 50.4M53.1M52.9M44.1M41,00940,35538.2M26.6M—47.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2016: 601.6M Gross profit, FY2016: -59.4M Net income, FY2016: -660.1M Revenue, FY2018: 406.5M Gross profit, FY2018: 6.1M Net income, FY2018: -171.5M Revenue, FY2019: 486.5M Gross profit, FY2019: 6.9M Net income, FY2019: -141.7M Revenue, FY2020: 397M Gross profit, FY2020: -29.7M Net income, FY2020: -196.2M Revenue, FY2021: 371M Net income, FY2021: -129M Revenue, FY2022: 647.7M Net income, FY2022: -22M Revenue, FY2023: 1B Net income, FY2023: 95.6M Revenue, FY2024: 1.3B Net income, FY2024: 179M Revenue, FY2025: 1.4B Net income, FY2025: 333.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $601.6M — $406.5M $486.5M $397.0M $371.0M $647.7M $1.01B $1.35B $1.35B
Gross profit -$59.4M — $6.1M $6.9M -$29.7M — — — — —
Net income -$660.1M — -$171.5M -$141.7M -$196.2M -$129.0M -$22.0M $95.6M $179.0M $333.5M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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