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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›TDW›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

TIDEWATER INC (TDW) financials

Income statement

TIDEWATER INC (TDW) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$979M$602M$407M$487M$397M$371M$648M$1.01B$1.35B$1.35B
Revenue growth—-38.6%-32.4%19.7%-18.4%-6.5%74.6%55.9%33.3%0.5%
Gross profit$69.6M-$59.4M$6.07M$6.89M-$29.7M—————
Gross margin7.1%-9.9%1.5%1.4%-7.5%—————
Operating income-$69.5M-$578M-$107M-$86.6M-$187M-$95.0M$26.7M$182M$311M$283M
Operating margin-7.1%-96.1%-26.4%-17.8%-47.0%-25.6%4.1%18.0%23.1%20.9%
Net income-$160M-$660M-$172M-$142M-$196M-$129M-$21.7M$97.2M$181M$335M
Net margin-16.4%-109.7%-42.2%-29.1%-49.4%-34.8%-3.4%9.6%13.4%24.7%
EPS (diluted)-$3.41-$14.02-$6.45-$3.71-$4.86-$3.14-$0.49$1.84$3.40$6.64

Cash flow

TIDEWATER INC (TDW) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$253M$29.8M$3.94M-$31.4M$3.99M$15.0M$40.2M$104M$282M$379M
Capital expenditures$194M$25.5M$21.4M$18.0M$14.9M$8.95M$16.6M$31.6M$27.6M$25.8M
Free cash flow$58.9M$4.32M-$17.4M-$49.4M-$10.9M$6.05M$23.6M$72.6M$255M$353M
Share buybacks—————$0.00$0.00$35.0M$90.7M$90.1M
Dividends paid$35.4M—————————

Balance sheet

TIDEWATER INC (TDW) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$678M$432M$372M$218M$150M$149M$164M$274M$325M$579M
Total assets$4.98B$3.88B$1.83B$1.58B$1.25B$1.10B$1.30B$2.06B$2.07B$2.39B
Long-term debt$2.05B$443M$430M$279M$165M$168M$169M$631M$572M$649M
Shareholders' equity$2.30B$1.02B$1.14B$1.01B$822M$701M$866M$1.04B$1.11B$1.37B
Retained earnings$2.14B-$39.3M-$211M-$353M-$549M-$678M-$700M-$638M-$549M-$305M
Shares (wtd avg diluted)47.0M47.1M26.6M38.2M40.4B41.0B44.1M52.9M53.1M50.4M

Every figure is extracted from TIDEWATER INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is TIDEWATER INC's annual revenue?
TIDEWATER INC (TDW) reported $1.35B of revenue for fiscal year 2025 — up 0.5% from $1.35B in FY2024, per its annual report filed with the SEC.
Is TIDEWATER INC profitable?
Yes — TDW earned $335M of net income in FY2025, a 24.7% net margin, per SEC filings.
What is TIDEWATER INC's free cash flow?
$353M in FY2025 (operating cash flow $379M minus $25.8M of capital expenditures), from the SEC cash-flow statement.
Does TDW pay a dividend?
TIDEWATER INC reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full TDW analysis — verdict, score & filings →Is TDW a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.