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.

Tidewater TDW Operating Income

Discontinued — last reported Q4 '25

Operating Income at other companies

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$287M+348%

International Seaways, Inc.INSW

$288.57M+388%

ValarisVAL

$20M-86.0%

Noble CorporationNE

$225.31M+20.3%

Oceaneering InternationalOII

$57.79M-21.3%

Helmerich & PayneHP

-$36.92M-188%

Other financials

Income statement

See full

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$3.22B+90.4%

Enterprise value$3.32B+71.8%

P/E12.5×+4.8×

P/S2.4×+1.1×

Profitability

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Operating margin20.9%-2.2pp

Net margin19.1%+3.0pp

FCF margin21.4%+0.7pp

Returns & leverage

See full

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 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 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.