Tidewater Inc. (TDW) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 326.22M | 336.8M | 341.11M | 341.43M | 333.44M | 345.08M | 340.36M | 339.23M | 321.16M | 302.66M | 299.26M | 214.96M | 193.1M | 186.75M | 191.76M | 163.45M | 105.73M | 105.17M | 92.4M | 89.95M |
| Revenue Growth % | -2.17% | -2.4% | 0.22% | 0.65% | 3.82% | 14.02% | 13.73% | 57.81% | 66.32% | 62.07% | 56.06% | 31.52% | 82.64% | 77.56% | 107.53% | 81.7% | 26.62% | 14.5% | 6.86% | -12.11% |
| Cost of Goods Sold | 0 | 238.94M | 243.79M | 234.78M | 231.84M | 235.69M | 241.99M | 236.77M | 224.98M | 219.06M | 223.45M | 151.41M | 147.28M | 146.07M | 144.49M | 132.51M | 95.53M | 99.7M | 93.68M | 93.39M |
| COGS % of Revenue | - | 70.94% | 71.47% | 68.76% | 69.53% | 68.3% | 71.1% | 69.8% | 70.05% | 72.38% | 74.67% | 70.43% | 76.27% | 78.22% | 75.35% | 81.07% | 90.35% | 94.8% | 101.38% | 103.82% |
| Gross Profit | 0 | 97.86M | 97.33M | 106.66M | 101.6M | 109.39M | 98.37M | 102.46M | 96.19M | 83.6M | 75.81M | 63.56M | 45.83M | 40.67M | 47.28M | 30.94M | 10.2M | 5.47M | -1.28M | -3.44M |
| Gross Margin % | - | 29.06% | 28.53% | 31.24% | 30.47% | 31.7% | 28.9% | 30.2% | 29.95% | 27.62% | 25.33% | 29.57% | 23.73% | 21.78% | 24.65% | 18.93% | 9.65% | 5.2% | -1.38% | -3.82% |
| Gross Profit Growth % | -100% | -10.54% | -1.06% | 4.1% | 5.63% | 30.85% | 29.75% | 61.21% | 109.89% | 105.53% | 60.36% | 105.41% | 349.29% | 643.33% | 3799.3% | 999.45% | 222.74% | 313.67% | 79.76% | -137.17% |
| Operating Expenses | 33.56M | 30.62M | 35.26M | 25.73M | 26.56M | 28.02M | 28.42M | 24.33M | 14.29M | 20.51M | 20.14M | 24.61M | 21.33M | 27.56M | 28.22M | 29.1M | 17.51M | 32.46M | 20.29M | 16.72M |
| OpEx % of Revenue | 10.29% | 9.09% | 10.34% | 7.54% | 7.96% | 8.12% | 8.35% | 7.17% | 4.45% | 6.78% | 6.73% | 11.45% | 11.05% | 14.76% | 14.71% | 17.8% | 16.56% | 30.87% | 21.95% | 18.59% |
| Selling, General & Admin | 33.56M | 30.62M | 35.26M | 31.21M | 29.09M | 29.97M | 28.47M | 26.33M | 25.33M | 23.63M | 21M | 26.01M | 23.55M | 26.61M | 27.27M | 27.8M | 18.22M | 17.3M | 18.05M | 16.79M |
| SG&A % of Revenue | 10.29% | 9.09% | 10.34% | 9.14% | 8.73% | 8.69% | 8.37% | 7.76% | 7.89% | 7.81% | 7.02% | 12.1% | 12.19% | 14.25% | 14.22% | 17.01% | 17.23% | 16.45% | 19.53% | 18.66% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | -1000K | -1000K | -1000K | -51K | -1000K | -1000K | -1000K | -863K | -1000K | -1000K | 949K | 950K | 1000K | -707K | 1000K | 1000K | -68K |
| Operating Income | 58.98M | 67.24M | 62.07M | 80.92M | 75.05M | 81.38M | 69.95M | 78.13M | 81.9M | 63.09M | 55.67M | 38.95M | 24.5M | 13.12M | 19.06M | 1.84M | -7.31M | -26.99M | -21.56M | -20.16M |
| Operating Margin % | 18.08% | 19.96% | 18.2% | 23.7% | 22.51% | 23.58% | 20.55% | 23.03% | 25.5% | 20.85% | 18.6% | 18.12% | 12.69% | 7.02% | 9.94% | 1.13% | -6.91% | -25.66% | -23.34% | -22.41% |
| Operating Income Growth % | -21.4% | -17.38% | -11.26% | 3.58% | -8.37% | 28.98% | 25.63% | 100.6% | 234.29% | 380.98% | 192.1% | 2016.68% | 435.14% | 148.6% | 188.39% | 109.13% | 72.21% | -6.49% | 14.35% | 82.88% |
| EBITDA | 125.6M | 105.08M | 128.47M | 117.83M | 114.06M | 120.11M | 109.19M | 117.51M | 120.71M | 105.88M | 99.52M | 60.04M | 45.55M | 34.1M | 41.31M | 24.45M | 10.36M | -8.37M | -3.65M | -1.94M |
| EBITDA Margin % | 38.5% | 31.2% | 37.66% | 34.51% | 34.21% | 34.81% | 32.08% | 34.64% | 37.58% | 34.98% | 33.25% | 27.93% | 23.59% | 18.26% | 21.54% | 14.96% | 9.8% | -7.96% | -3.95% | -2.15% |
| EBITDA Growth % | 10.12% | -12.52% | 17.67% | 0.28% | -5.51% | 13.44% | 9.71% | 95.7% | 165.02% | 210.5% | 140.9% | 145.53% | 339.52% | 507.22% | 1230.91% | 1363.77% | 232.33% | -41.17% | 37.37% | 98.08% |
| D&A (Non-Cash Add-back) | 66.62M | 37.84M | 66.4M | 36.91M | 39.01M | 38.74M | 39.24M | 39.38M | 38.81M | 42.79M | 43.84M | 21.1M | 21.05M | 20.98M | 22.25M | 22.61M | 17.67M | 18.62M | 17.91M | 18.22M |
| EBIT | 0 | 69.55M | 37.28M | 94.73M | 84.77M | 69.74M | 76.5M | 76.93M | 79.29M | 68.38M | 54.1M | 37.94M | 26.98M | 16.22M | 15.65M | -14.11M | -2.88M | -37.71M | -21.84M | -19.68M |
| Net Interest Income | 0 | -13.26M | -16.13M | -14.34M | -14.19M | -14.04M | -16.59M | -17.95M | -17.99M | -17.23M | -18.72M | -1.94M | -4.06M | -3.36M | -3.81M | -3.94M | -689K | -1.99M | -3.53M | -3.94M |
| Interest Income | 0 | 3.45M | 455K | 2.1M | 2.16M | 2.7M | 1.03M | 1.18M | 1.48M | 3.03M | 568K | 2.79M | 130K | 981K | 581K | 349K | 3.49M | 1.43M | 148K | 8K |
| Interest Expense | 0 | 16.71M | 16.59M | 16.44M | 16.34M | 16.74M | 17.62M | 19.13M | 19.48M | 20.26M | 19.29M | 4.73M | 4.19M | 4.34M | 4.39M | 4.28M | 4.17M | 3.42M | 3.68M | 3.94M |
| Other Income/Expense | -18.11M | -14.4M | -41.38M | -2.64M | -6.62M | -28.38M | -11.07M | -20.32M | -22.08M | -14.97M | -20.86M | -5.74M | -1.71M | -1.24M | -7.8M | -20.23M | 257K | -14.13M | -3.96M | -3.46M |
| Pretax Income | 40.88M | 52.84M | 20.69M | 78.29M | 68.43M | 52.99M | 58.87M | 57.8M | 59.81M | 48.12M | 34.81M | 33.21M | 22.79M | 11.88M | 11.26M | -18.39M | -7.05M | -41.13M | -25.52M | -23.62M |
| Pretax Margin % | 12.53% | 15.69% | 6.07% | 22.93% | 20.52% | 15.36% | 17.3% | 17.04% | 18.62% | 15.9% | 11.63% | 15.45% | 11.8% | 6.36% | 5.87% | -11.25% | -6.67% | -39.1% | -27.62% | -26.26% |
| Income Tax | 34.9M | -166.61M | 21.71M | 5.58M | 26.11M | 16.38M | 12.88M | 7.89M | 13.07M | 10.79M | 9.26M | 11.28M | 11.97M | 1.7M | 6.35M | 6.62M | 5.22M | -3.05M | 887K | 6.03M |
| Effective Tax Rate % | 85.38% | -315.33% | 104.92% | 7.13% | 38.15% | 30.9% | 21.88% | 13.64% | 21.85% | 22.43% | 26.6% | 33.98% | 52.53% | 14.29% | 56.4% | -35.98% | -73.98% | 7.41% | -3.48% | -25.51% |
| Net Income | 6.14M | 219.88M | -806K | 72.93M | 42.65M | 36.91M | 46.37M | 50.35M | 47.03M | 37.66M | 26.2M | 22.58M | 10.74M | 10.62M | 5.38M | -25.58M | -12.17M | -37.93M | -26.26M | -29.46M |
| Net Margin % | 1.88% | 65.29% | -0.24% | 21.36% | 12.79% | 10.69% | 13.62% | 14.84% | 14.64% | 12.44% | 8.75% | 10.51% | 5.56% | 5.69% | 2.81% | -15.65% | -11.51% | -36.07% | -28.42% | -32.75% |
| Net Income Growth % | -85.6% | 495.81% | -101.74% | 44.83% | -9.3% | -2.02% | 77% | 122.96% | 337.94% | 254.65% | 386.97% | 188.28% | 188.25% | 128% | 120.49% | 13.17% | 65.54% | -29.7% | 30.77% | 73.37% |
| Net Income (Continuing) | 6.14M | 219.45M | -1.02M | 72.7M | 42.32M | 36.62M | 45.99M | 49.92M | 46.74M | 37.33M | 25.55M | 21.93M | 10.82M | 10.18M | 4.91M | -25.01M | -12.27M | -38.08M | -26.41M | -29.65M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -4.3M | -4.13M | -3.7M | -3.49M | -3.26M | -2.93M | -2.64M | -2.26M | -1.82M | -1.54M | -1.21M | -556K | 100K | 22K | 460K | 930K | 363K | 466K | 611K | 760K |
| EPS (Diluted) | 0.12 | 4.41 | -0.02 | 1.46 | 0.83 | 0.70 | 0.87 | 0.94 | 0.89 | 0.70 | 0.49 | 0.43 | 0.21 | 0.20 | 0.10 | -0.61 | -0.29 | -0.92 | -0.64 | -0.72 |
| EPS Growth % | -85.54% | 530% | -101.87% | 55.32% | -6.74% | 0% | 77.55% | 118.6% | 323.81% | 250% | 390% | 170.49% | 172.41% | 121.74% | 115.63% | 15.28% | 66.67% | -27.78% | 31.91% | 73.72% |
| EPS (Basic) | 0.12 | 4.44 | -0.02 | 1.47 | 0.83 | 0.71 | 0.88 | 0.96 | 0.90 | 0.72 | 0.50 | 0.44 | 0.21 | 0.22 | 0.10 | -0.61 | -0.29 | -0.92 | -0.64 | -0.72 |
| Diluted Shares Outstanding | 49.59M | 49.56M | 49.5M | 50.01M | 51.5M | 52.83M | 53.08M | 53.35M | 52.9M | 54M | 53.61M | 52.01M | 50.6M | 51.84M | 51.52M | 41.81M | 41.41M | 41.28M | 41.13M | 40.9M |
| Basic Shares Outstanding | 49.59M | 49.56M | 49.5M | 49.67M | 51.5M | 52.31M | 52.49M | 52.68M | 52.32M | 52.65M | 52.23M | 50.86M | 50.6M | 48.77M | 51.52M | 41.81M | 41.41M | 41.28M | 41.13M | 40.9M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |