What is Tidewater's pre-tax income?

Tidewater (TDW) reported pre-tax income of $55.06M in Q4 2025.

How has Tidewater's pre-tax income changed year-over-year?

Tidewater's pre-tax income decreased by 4.0% year-over-year, from $57.37M to $55.06M.

What is the long-term trend for Tidewater's pre-tax income?

Over 2 years (2023 to 2025), Tidewater's pre-tax income has grown at a 25.9% compound annual growth rate (CAGR), from $138.93M to $220.25M.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Tidewater TDW Pre-Tax Income

Discontinued — last reported Q4 '25

Pre-Tax Income at other companies

SeadrillSDRL

$16M+1,500%

TransoceanRIG

$17M+143%

ValarisVAL

$10.4M-93.3%

Noble CorporationNE

$193.67M+30.2%

Oceaneering InternationalOII

$54.83M-21.0%

Select Water SolutionsWTTR

$12.16M-1.7%

Other financials

Income statement

See full

Revenue$326.2M-2.2%

Operating income$70.6M-9.2%

Net income$6.0M-92.9%

EPS (diluted)$1.66+95.3%

Balance sheet

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Cash & equivalents$552.3M+61.6%

Total debt$654.4M+2.9%

Total equity$1.4B+22.9%

Total assets$2.3B+13.3%

Cash flow

See full

Operating cash flow$19.2M-76.1%

CapEx$14.9M+45.0%

Free cash flow$4.3M-93.9%

Valuation

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Market cap$3.3B+90.4%

Profitability

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Operating margin20.9%-2.2pp

Net margin19.1%+3.0pp

FCF margin21.4%+0.7pp

Returns & leverage

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Return on equity20.7%+0.5pp

Debt / equity0.5×-0.1×

Current ratio3.3×+1.3×

Where this comes from

Reported directly by Tidewater in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: Tidewater’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tidewater's pre-tax income?: Tidewater (TDW) reported pre-tax income of $55.06M in Q4 2025.
How has Tidewater's pre-tax income changed year-over-year?: Tidewater's pre-tax income decreased by 4.0% year-over-year, from $57.37M to $55.06M.
What is the long-term trend for Tidewater's pre-tax income?: Over 2 years (2023 to 2025), Tidewater's pre-tax income has grown at a 25.9% compound annual growth rate (CAGR), from $138.93M to $220.25M.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.