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Tidewater TDW Americas1 — Cost Direct Labor

Other segment segments

Europe And Mediterranean
$31.7M+16.9%
West Africa
$16.07M-15.2%
Asia Pacific1
$15.87M-22.0%
Middle East1
$15.53M+16.9%

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CWCOBulk — Cost Direct Labor
$463.91K-14.6%
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CWCOServices — Cost Direct Labor
$4.25M-0.5%

Other financials

Income statement

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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

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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:CostDirectLabor.

The source filing: Tidewater’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:24 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-014662
(In Thousands)Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Americas:
Vessel revenues$58,526$54,852
Vessel operating costs:
Crew costs19,72917,440
Repair and maintenance5,2284,266
Insurance462571
Fuel, lube and supplies2,8872,617
Other5,56410,129

Document

FAQ

What is Tidewater's americas1 — cost direct labor?
Tidewater (TDW) reported americas1 — cost direct labor of $19.73M in Q1 2026.
How has Tidewater's americas1 — cost direct labor changed year-over-year?
Tidewater's americas1 — cost direct labor increased by 13.1% year-over-year, from $17.44M to $19.73M.
What is the long-term trend for Tidewater's americas1 — cost direct labor?
Over 3 years (2022 to 2025), Tidewater's americas1 — cost direct labor has grown at a 13.1% compound annual growth rate (CAGR), from $56.77M to $82.16M.
What does americas1 — cost direct labor mean?
Represents the total compensation, benefits, and payroll-related expenses for personnel directly involved in the operation of vessels within the Americas segment. This metric reflects the labor intensity required to maintain offshore service operations and is a primary driver of variable operating costs. Monitoring this helps assess labor efficiency and the impact of wage inflation on segment profitability.

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