Tidewater Inc income statement
In fiscal 2025, Tidewater Inc reported revenue of $1.35bn, up 0.5% on the year before, operating income of $283m (a 20.9% margin) and net income of $335m, or $6.64 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Mar 2009 | 2010Mar 2010 | 2011Mar 2011 | 2012Mar 2012 | 2013Mar 2013 | 2014Mar 2014 | 2015Mar 2015 | 2016Mar 2016 | 2017Mar 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,391 | 1,169 | 1,055 | 1,067 | 1,244 | 1,435 | 1,496 | 979 | 602 | 407 | 487 | 397 | 371 | 648 | 1,010 | 1,346 | 1,353 | 1,346 |
| Gross profit | — | — | — | 167 | 252 | 297 | 286 | 70 | −59 | 6 | 7 | −30 | — | — | — | — | — | — |
| General and administrative | 136 | 150 | 145 | 157 | 176 | 188 | 190 | 154 | 146 | 110 | 104 | 73 | 69 | 102 | 95 | 111 | 135 | 143 |
| Operating income | 465 | 240 | 139 | 114 | 206 | 202 | −37 | −70 | −578 | −107 | −87 | −187 | −95 | 27 | 182 | 311 | 283 | 248 |
| Interest expense | 1 | 2 | 11 | 22 | 30 | 44 | 50 | 54 | — | — | — | — | — | — | — | — | — | — |
| Income before tax | — | — | — | — | 195 | 173 | −66 | −140 | −644 | −154 | −113 | −198 | −124 | −2 | 139 | 229 | 220 | 161 |
| Income tax | 85 | 8 | 42 | 24 | 44 | 33 | −1 | 21 | 6 | 18 | 28 | −1 | 6 | 20 | 43 | 50 | −113 | −85 |
| Net income | 407 | 259 | 106 | 87 | 151 | 140 | −65 | −160 | −660 | −172 | −142 | −196 | −129 | −22 | 97 | 181 | 335 | 247 |
| Diluted EPS | $7.89 | $5.02 | $2.05 | $1.70 | $3.03 | $2.82 | −$1.34 | −$3.41 | −$14.02 | −$6.45 | −$3.71 | −$4.86 | −$3.14 | −$0.49 | $1.84 | $3.40 | $6.64 | $4.94 |
| Diluted shares (average) | 52m | 52m | 51m | 51m | 50m | 50m | 49m | 47m | 47m | 27m | 38m | 40m | 41m | 44m | 53m | 53m | 50m | 50m |
| EBITDA | 592 | 371 | 280 | 252 | 354 | 369 | 138 | 113 | −411 | −56 | −10 | −114 | −22 | 110 | 311 | 468 | 434 | 457 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 340 | 345 | 333 | 341 | 341 | 337 | 326 | 342 |
| General and administrative | 28 | 31 | 29 | 31 | 35 | 39 | 34 | 35 |
| Operating income | 70 | 81 | 75 | 81 | 63 | 64 | 59 | 63 |
| Income before tax | 59 | 53 | 68 | 78 | 21 | 53 | 41 | 46 |
| Income tax | 13 | 16 | 26 | 6 | 22 | −167 | 35 | 25 |
| Net income | 46 | 37 | 43 | 73 | −1 | 220 | 6 | 22 |
| Diluted EPS | $0.87 | $0.70 | $0.83 | $1.46 | −$0.02 | $4.37 | $0.12 | $0.43 |
| EBITDA | 132 | 120 | 114 | 145 | 129 | 102 | 97 | 129 |
Compare with peers
- Kodiak Gas Services, Inc. income statement
- Select Water Solutions, Inc. income statement
- Propetro Holding Corp. income statement
- Archrock, Inc. income statement
- Cactus, Inc. income statement
Head to head: KGS vs TDWTDW vs WTTRPUMP vs TDW
More: Oil & Gas Equipment & Services stocks compared, Energy sector, rankings of US companies