Saturday 17 October 2026
Export TDW’s income statement to Excel — free account
Tidewater Inc.
TDW Energy Oil & Gas Equipment & Services
Tidewater Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 0.52% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 70.1%, free cash flow fell 15.9% and total debt rose 4.47%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for five.
79.50
0.32
+0.40%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Mar '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
7 | 8 | 6 | 6 | 5 | 3 | 4 | — | — | — |
P/E ratio |
7.52 | 15.86 | 37.55 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
2.56 | 2.77 | 2.68 | 2.24 | 0.06 | (0.10) | 0.87 | 0.66 | 0.73 | 0.25 |
P/S ratio |
1.87 | 2.13 | 3.59 | 2.34 | 1.18 | 0.88 | 1.51 | 1.25 | 0.95 | 2.90 |
P/FCF ratio |
7.15 | 11.26 | 49.89 | 64.28 | 10.96 | 12.73 | 0.00 | 17.75 | 0.00 | 91.36 |
Altman Z″-Score (non-manufacturers) |
3.42 | 2.52 | 1.48 | 1.41 | 0.38 | 0.66 | 2.26 | 2.87 | 3.13 | (0.96) |
P/Operating CF |
16.53 | 28.69 | 77.53 | 33.44 | 63.30 | 159.94 | 139.48 | (27.81) | (30.67) | 24.90 |
Beneish M-Score |
(2.39) | (2.45) | (2.20) | (1.84) | (3.34) | (3.15) | (2.29) | (3.35) | — | — |
P/B ratio |
1.86 | 2.58 | 3.49 | 1.75 | 0.63 | 0.42 | 0.72 | 0.44 | 0.48 | 1.06 |
Price to Tangible BV |
2.35 | 3.47 | 4.80 | 2.60 | 1.05 | 0.65 | 1.01 | 0.59 | 0.67 | 1.28 |
EV/Sales |
1.93 | 2.36 | 4.04 | 2.35 | 1.23 | 0.98 | 1.65 | 1.35 | 0.94 | 7.51 |
EV/EBITDA |
4.74 | 5.72 | 11.23 | 10.32 | 20.17 | 0.00 | 76.70 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
6.87 | 11.26 | 39.17 | 37.84 | 30.51 | 97.69 | (25.51) | 139.54 | (54.22) | 151.45 |
EV/FCF |
7.37 | 12.48 | 56.21 | 64.52 | 11.43 | 14.22 | (38.96) | 19.18 | (62.28) | 236.22 |
Quick Ratio |
2.74 | 1.96 | 1.65 | 1.65 | 1.50 | 1.44 | 1.80 | 3.21 | 2.58 | 0.36 |
Current Ratio |
2.90 | 2.11 | 1.80 | 1.94 | 2.17 | 2.12 | 2.89 | 4.32 | 3.84 | 0.49 |
Net Debt/EBITDA |
0.14 | 0.56 | 1.26 | 0.04 | 0.82 | (0.62) | 6.21 | (0.81) | 0.59 | (3.23) |
Debt/Assets |
27.44% | 30.70% | 35.60% | 13.18% | 15.41% | 15.40% | 18.29% | 24.02% | 25.47% | 48.54% |
Debt/Equity |
0.48 | 0.57 | 0.71 | 0.20 | 0.24 | 0.23 | 0.28 | 0.38 | 0.44 | 1.23 |
Asset Turnover |
0.61 | 0.65 | 0.60 | 0.54 | 0.32 | 0.28 | 0.29 | 0.23 | 0.11 | 0.13 |
Operating CF/Net income |
1.13 | 1.56 | 1.07 | (1.85) | (0.12) | (0.02) | 0.22 | (0.02) | 0.03 | (0.05) |
Capex/Depreciation |
(0.10) | (0.11) | (0.17) | (0.14) | 0.21 | 0.19 | 0.11 | 0.44 | 0.00 | (0.06) |
Interest Coverage |
4.28 | 4.27 | 3.76 | 1.55 | (6.10) | (7.73) | (2.98) | (3.53) | (29.71) | (7.70) |
| 27.07% | 16.81% | 10.21% | (2.77%) | (16.91%) | (21.33%) | (13.12%) | (15.83%) | (168.22%) | (33.41%) | |
| 15.00% | 8.73% | 5.78% | (1.82%) | (10.99%) | (13.87%) | (8.32%) | (9.56%) | (75.57%) | (14.38%) | |
ROIC |
12.29% | 13.69% | 7.61% | 1.92% | (8.24%) | (13.51%) | (5.01%) | (5.66%) | 0.00% | (12.12%) |
Return on Tangible Assets |
20.03% | 11.65% | 6.16% | (2.22%) | (14.78%) | (19.91%) | (10.98%) | (10.62%) | (152.32%) | (39.36%) |
Average Days of Receivables |
77.00 | 87.82 | 96.98 | 88.18 | 85.10 | 103.54 | 82.66 | 99.90 | 126.25 | 74.78 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
9.94% | 8.23% | 9.43% | 15.74% | 18.47% | 18.50% | 21.32% | 27.06% | 26.79% | 24.25% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
1.07% | 1.02% | 1.06% | 1.14% | 1.52% | 1.29% | 4.03% | 3.30% | 0.00% | 0.54% |
Graham Net Nets |
(0.04) | (0.09) | (0.12) | (0.04) | (0.12) | (0.11) | (0.04) | 0.00 | 0.22 | (0.80) |
Graham Number |
64.13 | 40.55 | 29.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
13.30% | 6.31% | 2.66% | (1.63%) | (29.41%) | (56.25%) | (19.04%) | (31.89%) | (297.50%) | (22.75%) |
Free Cash Flow Yield |
13.98% | 8.88% | 2.00% | 1.56% | 9.12% | 7.85% | (2.79%) | 5.64% | (1.59%) | 1.09% |
Revenue per Share |
27.03 | 25.66 | 19.58 | 14.68 | 9.05 | 9.84 | 12.74 | 15.29 | 14.93 | 12.78 |
Operating CF per Share |
7.57 | 5.39 | 2.02 | 0.91 | 0.37 | 0.10 | (0.82) | 0.15 | (2.58) | 0.63 |
Capex per Share |
(0.51) | (0.53) | (0.61) | (0.38) | 0.61 | 0.58 | 0.28 | 0.93 | 0.00 | (0.23) |
Free Cash Flow per Share |
7.06 | 4.86 | 1.41 | 0.53 | 0.98 | 0.68 | (0.54) | 1.08 | (2.58) | 0.41 |
Cash per Share |
11.56 | 6.23 | 5.34 | 3.75 | 3.66 | 3.77 | 5.86 | 14.96 | 20.50 | 15.01 |
Shareholders Equity per Share |
27.20 | 21.18 | 20.11 | 19.62 | 17.11 | 20.40 | 26.60 | 43.06 | 46.21 | 35.08 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
27.20 | 21.18 | 20.11 | 19.62 | 17.11 | 20.40 | 26.60 | 43.06 | 46.21 | 35.08 |
Free Cash Flow |
353.35 | 254.89 | 72.61 | 23.59 | 40.07 | 27.38 | (20.57) | 28.67 | (57.13) | 19.12 |
Working Capital |
598.90 | 367.05 | 262.40 | 183.12 | 184.73 | 205.47 | 351.62 | 524.95 | 625.05 | (1,187.43) |
Capital Expenditures |
(25.76) | (27.58) | (31.59) | (16.64) | 25.06 | 23.40 | 10.85 | 24.72 | (12.10) | (10.70) |
Net Current Asset Value |
(111.52) | (265.06) | (433.94) | (53.76) | (51.34) | (39.26) | (25.82) | 0.49 | 107.53 | (1,398.35) |
EV/EBIT |
9.22 | 10.21 | 22.40 | 56.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.02 | 0.02 | 0.03 | 0.03 | (0.07) | (0.06) | (0.02) | (0.06) | 0.00 | 0.02 |
Price to Operating Income |
8.95 | 9.22 | 19.88 | 56.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.25 | 0.21 | 0.14 | 0.15 | 0.17 | 0.15 | 0.10 | 0.05 | 0.08 | 0.06 |
Cash ROIC |
13.62% | 12.28% | 3.55% | 1.96% | 3.92% | 2.34% | (1.35%) | 1.45% | (2.97%) | 0.44% |
Accounts Receivable Turnover |
4.44 | 4.55 | 4.75 | 5.33 | 3.73 | 3.56 | 4.39 | 3.61 | 2.78 | 1.74 |
Accounts Payable Turnover |
9.98 | 11.98 | 13.37 | 13.37 | 13.98 | 12.24 | 11.17 | 7.81 | 9.08 | 9.23 |
Inventory Turnover |
18.87 | 21.03 | 17.87 | 18.39 | 18.54 | 14.43 | 12.93 | 9.53 | 10.83 | 11.70 |
Average Days of Payables |
35.25 | 37.40 | 29.24 | 35.59 | 28.74 | 22.77 | 30.23 | 42.37 | 44.15 | 31.01 |
Days of Inventory on Hand |
20.45 | 17.98 | 20.78 | 28.17 | 17.43 | 21.29 | 24.03 | 39.15 | 32.37 | 29.99 |
Average Receivables |
304.59 | 296.08 | 212.41 | 121.48 | 99.56 | 111.40 | 110.72 | 112.73 | 118.72 | 345.13 |
Average Payables |
68.87 | 58.16 | 41.94 | 29.87 | 18.88 | 22.24 | 29.72 | 35.22 | 35.05 | 40.30 |
Average Inventory |
36.40 | 33.13 | 31.38 | 21.72 | 14.24 | 18.87 | 25.68 | 28.86 | 29.39 | 31.78 |
Average Assets |
2,230.91 | 2,068.84 | 1,680.22 | 1,196.72 | 1,173.48 | 1,415.35 | 1,703.63 | 1,793.67 | 2,975.15 | 4,590.85 |
Average Common Equity |
1,236.22 | 1,074.44 | 951.84 | 783.88 | 762.52 | 919.84 | 1,080.67 | 1,083.43 | 1,336.50 | 1,975.53 |
Columns are period end dates