Tidewater Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.35B | $1.35B | $1.01B | $647.7M | $371.0M | $397.0M | $486.5M | $406.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | $-29.7M | $6.9M | $6.1M |
| Gross Margin | — | — | — | — | — | -7.5% | 1.4% | 1.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $134.5M | $110.8M | $95.3M | $101.9M | $68.5M | $73.4M | $103.7M | $110.0M |
| Operating Income | $282.6M | $311.3M | $182.2M | $26.7M | $-95.0M | $-186.8M | $-86.6M | $-107.5M |
| Operating Margin | 20.9% | 23.1% | 18.0% | 4.1% | -25.6% | -47.0% | -17.8% | -26.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $220.2M | $229.5M | $138.9M | $-2.3M | $-123.8M | $-197.7M | $-113.5M | $-153.5M |
| Income Tax Expense | $-113.2M | $50.2M | $43.3M | $19.9M | $5.9M | $-965.0K | $27.7M | $18.3M |
| Net Income | $334.7M | $180.7M | $97.2M | $-21.7M | $-129.0M | $-196.2M | $-141.7M | $-171.5M |
| Net Margin | 24.7% | 13.4% | 9.6% | -3.4% | -34.8% | -49.4% | -29.1% | -42.2% |
| EPS (Basic) | $6.69 | $3.44 | $1.88 | $-0.49 | $-3.14 | $-4.86 | $-3.71 | $-6.45 |
| EPS (Diluted) | $6.64 | $3.40 | $1.84 | $-0.49 | $-3.14 | $-4.86 | $-3.71 | $-6.45 |
| Shares Outstanding (Basic) | 50.1M | 52.5M | 51.6M | 44.1M | 41.0M | 40.4M | 38.2M | 26.6M |
| Shares Outstanding (Diluted) | 50.4M | 53.1M | 52.9M | 44.1M | 41.0M | 40.4M | 38.2M | 26.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |