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Tidewater TDW Operating Income

Discontinued — last reported Q4 '25

Operating Income at other companies

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$15.97M+163%
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$152M+116%
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International Seaways, Inc.INSW
$288.57M+388%
Valaris logo
ValarisVAL
$51.1M-68.9%
Seadrill logo
SeadrillSDRL
$24M+33.3%
Oil States International logo
Oil States InternationalOIS
$4.28M-24.1%

Other financials

Income statement

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Revenue$326.2M-2.2%
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

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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$4.06B+33.0%
Enterprise value$4.16B+25.8%
P/E15.8×+3.9×
P/S+0.8×

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:OperatingIncomeLoss.

The source filing: Tidewater’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 4:38 PM EST
Fiscal year
FY2025
Accession
0001437749-26-006391
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Depreciation and amortization262,339242,770180,331
Gain on asset dispositions, net(13,682)(15,762)(8,701)
Total costs and expenses1,070,1901,034,487827,770
Operating income282,596311,348182,215
Other income (expense):
Foreign exchange gain (loss)22,683(15,276)(1,370)
Equity in net earnings of unconsolidated companies39
Interest income and other, net8,1696,3836,517

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FAQ

What is Tidewater's operating income?
Tidewater (TDW) reported operating income of $70.65M in Q4 2025.
How has Tidewater's operating income changed year-over-year?
Tidewater's operating income decreased by 9.2% year-over-year, from $77.84M to $70.65M.
What is the long-term trend for Tidewater's operating income?
Over 2 years (2023 to 2025), Tidewater's operating income has grown at a 24.5% compound annual growth rate (CAGR), from $182.22M to $282.6M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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