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Tidewater TDW Americas1 — Direct Operating Costs

Other segment segments

Europe And Mediterranean
$50.38M+18.4%
West Africa
$31.69M-12.1%
Middle East1
$26.91M+9.7%
Asia Pacific1
$23.35M-12.9%

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SCICemetery — Direct Operating Costs
$65.67M-0.9%

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:DirectOperatingCosts.

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
Insurance462571
Fuel, lube and supplies2,8872,617
Other5,56410,129
Total vessel operating costs33,87035,023
General and administrative expense3,7513,542
Depreciation and amortization11,33811,392
Vessel operating profit9,5674,895
Additions to properties and equipment$1,466$1,933

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FAQ

What is Tidewater's americas1 — direct operating costs?
Tidewater (TDW) reported americas1 — direct operating costs of $33.87M in Q1 2026.
How has Tidewater's americas1 — direct operating costs changed year-over-year?
Tidewater's americas1 — direct operating costs decreased by 3.3% year-over-year, from $35.02M to $33.87M.
What is the long-term trend for Tidewater's americas1 — direct operating costs?
Over 3 years (2022 to 2025), Tidewater's americas1 — direct operating costs has grown at a 14.6% compound annual growth rate (CAGR), from $94.01M to $141.52M.
What does americas1 — direct operating costs mean?
The aggregate of all direct expenses incurred to operate the vessel fleet, including labor, fuel, maintenance, and insurance. This metric serves as the primary measure of the segment's operational cost structure and is used to calculate gross margins. It is essential for evaluating the segment's ability to manage variable costs relative to revenue generation.

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