| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.36B | 1.35B | 1.01B | 647.68M | 371.03M | 397.04M |
| Gross Profit | 416.02M | 406.40M | 268.80M | 129.09M | -7.56M | 8.14M |
| EBITDA | 479.63M | 458.62M | 316.18M | 98.40M | -34.98M | -100.47M |
| Net Income | 198.86M | 180.66M | 97.19M | -21.75M | -128.97M | -196.24M |
Balance Sheet | ||||||
| Total Assets | 2.07B | 2.07B | 2.06B | 1.30B | 1.10B | 1.25B |
| Cash, Cash Equivalents and Short-Term Investments | 369.43M | 324.92M | 274.44M | 164.19M | 149.04M | 149.93M |
| Total Debt | 625.24M | 637.10M | 734.44M | 169.04M | 167.88M | 192.73M |
| Total Liabilities | 938.14M | 963.72M | 1.03B | 431.67M | 394.01M | 427.90M |
| Stockholders Equity | 1.14B | 1.11B | 1.04B | 865.97M | 701.30M | 822.12M |
Cash Flow | ||||||
| Free Cash Flow | 286.11M | 246.27M | 73.12M | 23.59M | 6.05M | -10.91M |
| Operating Cash Flow | 311.85M | 273.85M | 104.70M | 40.23M | 15.01M | 3.99M |
| Investing Cash Flow | -2.12M | -188.00K | -610.27M | -23.81M | 25.06M | 23.40M |
| Financing Cash Flow | -258.92M | -222.59M | 615.56M | -2.72M | -41.01M | -99.77M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.56B | 23.19 | 4.60% | ― | -1.24% | 337.41% | |
76 Outperform | $4.01B | 14.76 | 12.23% | ― | 18.78% | -72.57% | |
74 Outperform | $2.48B | 10.41 | 28.92% | ― | 8.71% | 72.09% | |
73 Outperform | $2.38B | 13.34 | 17.91% | ― | 7.76% | 26.49% | |
70 Outperform | $4.94B | 11.57 | 7.31% | 3.68% | -1.21% | -54.44% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | $1.19B | ― | 5.66% | ― | -9.81% | -124.43% |
In the recent earnings call, Tidewater Inc. reported a strong financial performance for the second quarter, marked by record revenue and gross margins. The company successfully executed a refinancing strategy and announced a significant share repurchase program. Despite these positive developments, the call also highlighted some challenges, including a softening market outlook in certain regions and issues with customer payments. Overall, the sentiment was positive but cautious, with optimism tempered by near-term uncertainties.
Tidewater Inc. faces significant operational and financial risks due to restrictive covenants in its debt agreements, which limit its ability to incur additional debt, create liens, and engage in mergers or asset sales. These covenants, along with mandatory prepayment clauses tied to financial ratios, could constrain the company’s liquidity and flexibility, impacting its ability to seize corporate opportunities. Non-compliance with these covenants could lead to defaults, allowing lenders to accelerate debt maturity and foreclose on collateral, potentially jeopardizing Tidewater’s financial stability. The restrictions also hinder the company’s ability to secure further financing, posing a material threat to its business operations and financial health.
Tidewater Inc. is a leading provider of offshore support vessels, primarily serving the energy exploration and production industry worldwide. The company operates the largest fleet in the sector, with over 65 years of experience.
On August 4, 2025, Tidewater Inc. announced a new $500 million share repurchase program, highlighting its strong financial performance in the first half of the year. The company reported a revenue increase to $341.4 million for the second quarter of 2025, a net income of $72.9 million, and a notable improvement in average day rates. Tidewater also completed a refinancing transaction, enhancing its financial flexibility and enabling greater shareholder returns. Despite ongoing commodity price volatility and macroeconomic uncertainty, Tidewater reiterated its 2025 revenue and gross margin guidance, supported by a strong first half and contracted future revenues.
The most recent analyst rating on (TDW) stock is a Buy with a $138.00 price target. To see the full list of analyst forecasts on Tidewater stock, see the TDW Stock Forecast page.