TDW
$79.50+0.40%
TDW financial statements
The full income statement, balance sheet, and cash-flow statement for Tidewater Inc. (TDW), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 52.5M2024-09 52.3M2024-12 51.5M2025-03 49.5M2025-06 49.5M2025-09 49.6M2025-12 49.6M2026-03 49.7M2026-06 49.8M-5.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.35B+0.5% | 1.35B+33.3% | 1.01B+55.9% | 648M+74.6% | 371M-6.5% | |
| Selling, general & administrative | 135M+21.4% | 111M+16.3% | 95.3M-6.5% | 102M+48.8% | 68.5M-6.7% | |
| General & administrative | 135M+21.4% | 111M+16.3% | 95.3M-6.5% | 102M+48.8% | 68.5M-6.7% | |
| Restructuring | — | — | 27.0K-99.5% | 5.68M+3164.4% | 174K-88.4% | |
| Provision for credit losses | — | — | 0.00 | 0.00-100.0% | 400K-99.2% | |
| Operating income | 283M-9.2% | 311M+70.9% | 182M+582.2% | 26.7M+128.1% | -95.0M+49.1% | |
| Interest expense | 66.1M-9.7% | 73.2M+50.2% | 48.7M+179.9% | 17.4M+11.6% | 15.6M-35.4% | |
| Other non-operating income | -62.4M+23.8% | -81.9M-89.1% | -43.3M-49.2% | -29.0M-0.9% | -28.8M-164.9% | |
| Equity-method income | 0.00 | 0.00-100.0% | 39.0K+117.6% | -221K+93.3% | -3.32M-2125.6% | |
| Pre-tax income | 220M-4.0% | 229M+65.2% | 139M+6122.1% | -2.31M+98.1% | -124M+37.4% | |
| Income tax | -113M-325.4% | 50.2M+16.0% | 43.3M+117.8% | 19.9M+238.5% | 5.88M+708.8% | |
| 335M+85.2% | 181M+85.9% | 97.2M+546.8% | -21.7M+83.1% | -129M+34.3% | ||
| Net income to non-controlling interest | -1.21M+12.7% | -1.38M+11.5% | -1.56M-252.3% | -444K+35.7% | -691K-52.2% | |
| $6.64+95.3% | $3.40+84.8% | $1.84+475.5% | -$0.49+84.4% | -$3.14+35.4% | ||
| EPS (basic) | $6.69+94.5% | $3.44+83.0% | $1.88+483.7% | -$0.49+84.4% | -$3.14+35.4% | |
| Weighted-avg shares (basic) | 50.1M-4.6% | 52.5M+1.7% | 51.6M+16.9% | 44.1M+7.6% | 41.0M+1.6% | |
| Weighted-avg shares (diluted) | 50.4M-5.0% | 53.1M+0.3% | 52.9M+20.0% | 44.1M+7.6% | 41.0M+1.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 914M+30.8% | 699M+18.2% | 591M+56.4% | 378M+10.3% | 343M-11.8% | ||
| Cash & equivalents | 579M+78.1% | 325M+18.4% | 274M+67.1% | 164M+10.2% | 149M-0.6% | |
| Prepaid expenses | 11.5M-15.2% | 13.6M-10.4% | 15.2M-27.7% | 21.0M+140.4% | 8.73M-25.3% | |
| 2.39B+15.0% | 2.07B+0.6% | 2.06B+59.0% | 1.30B+18.4% | 1.10B-12.4% | ||
| Property, plant & equipment | 1.07B-9.5% | 1.18B-9.9% | 1.32B+65.1% | 797M+15.8% | 688M-11.8% | |
| Operating lease right-of-use | 7.48M-32.9% | 11.2M+54.6% | 7.21M | — | — | |
| Deferred tax assets | 201M+6252.8% | 3.16M | — | — | — | |
| Other non-current assets | 50.6M+108.3% | 24.3M-25.1% | 32.4M-3.6% | 33.6M+38.3% | 24.3M-5.5% | |
| 315M-4.9% | 332M+0.9% | 329M+68.8% | 195M+23.3% | 158M-13.8% | ||
| Accounts payable | 66.3M-7.1% | 71.4M+58.9% | 44.9M+15.4% | 38.9M+87.3% | 20.8M+22.4% | |
| Accrued liabilities | 153M+17.9% | 130M+3.4% | 126M+19.0% | 106M+104.0% | 51.7M-1.3% | |
| Short-term & current debt | 5.84M-91.1% | 65.4M-36.6% | 103M | 0.00 | 0.00-100.0% | |
| Current lease liability | 615K-87.5% | 4.90M+173.5% | 1.79M | — | — | |
| Other current liabilities | 89.9M+38.4% | 64.9M+17.8% | 55.1M+9.6% | 50.3M+110.9% | 23.9M-27.2% | |
| Finance lease liability (current) | 24.4M | 0.00 | — | — | — | |
| Long-term debt | 649M+13.5% | 572M-9.4% | 631M+273.5% | 169M+0.7% | 168M+1.8% | |
| Non-current lease liability | 6.36M+7.6% | 5.91M+11.5% | 5.30M | — | — | |
| Operating lease liability (total) | 6.98M-35.5% | 10.8M+52.5% | 7.09M | — | — | |
| Finance lease liability (total) | 24.4M | — | — | — | — | |
| Other non-current liabilities | 61.4M+1.6% | 60.4M-7.1% | 65.0M-4.2% | 67.8M-0.5% | 68.2M-14.5% | |
| 1.37B+22.6% | 1.11B+7.2% | 1.04B+20.0% | 866M+23.5% | 701M-14.7% | ||
| Common stock | 50.0K-3.8% | 52.0K+0.0% | 52.0K+2.0% | 51.0K+24.4% | 41.0K+0.0% | |
| Additional paid-in capital | 1.66B+0.4% | 1.66B-0.9% | 1.67B+7.4% | 1.56B+13.1% | 1.38B+0.3% | |
| Retained earnings | -305M+44.4% | -549M+14.0% | -638M+8.8% | -700M-3.2% | -678M-23.5% | |
| Accumulated other comprehensive income | 7.25M+19.6% | 6.06M+15.1% | 5.27M-38.6% | 8.58M+221.4% | 2.67M+431.8% | |
| Non-controlling interest | -4.13M-41.3% | -2.93M-89.8% | -1.54M-7109.1% | 22.0K-95.3% | 466K-59.7% | |
| Total equity incl. non-controlling | 1.36B+22.5% | 1.11B+7.1% | 1.04B+19.8% | 866M+23.4% | 702M-14.8% | |
| Total liabilities & equity | 2.39B+15.0% | 2.07B+0.6% | 2.06B+59.0% | 1.30B+18.4% | 1.10B-12.4% | |
| Common shares issued | 49.6M-3.7% | 51.5M-1.5% | 52.3M+3.4% | 50.6M+22.4% | 41.3M+1.5% | |
| Common shares outstanding | 49.6M-3.7% | 51.5M-1.5% | 52.3M+3.4% | 50.6M+22.4% | 41.3M+1.5% | |
| Shares outstanding (cover) | 49.6M-3.7% | 51.5M-1.5% | 52.3M+3.4% | 50.6M+22.4% | 41.3M+1.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 379M+34.2% | 282M+171.1% | 104M+159.0% | 40.2M+168.1% | 15.0M+276.5% | ||
| Depreciation & amortization | 151M-3.2% | 156M+21.3% | 129M+54.2% | 83.5M+14.1% | 73.2M+0.3% | |
| Share-based compensation | 14.5M+5.9% | 13.7M+27.2% | 10.8M+45.9% | 7.37M+30.8% | 5.64M+10.2% | |
| Deferred income taxes | -196M-6876.0% | -2.81M-3151.1% | 92.0K+155.6% | 36.0K+102.8% | -1.29M-205.1% | |
| Change in inventory | 4.62M+59.0% | 2.91M+246.5% | -1.98M-113.6% | 14.6M+1170.4% | -1.36M+47.3% | |
| -7.48M-3879.8% | -188K+100.0% | -610M-2463.2% | -23.8M-195.0% | 25.1M+7.1% | ||
| Capital expenditure | 25.8M-6.6% | 27.6M-12.7% | 31.6M+89.9% | 16.6M+85.9% | 8.95M-39.9% | |
| Free cash flow | 353M+38.6% | 255M+251.1% | 72.6M+207.8% | 23.6M+289.6% | 6.05M+155.5% | |
| Acquisitions | 0.00 | 0.00-100.0% | 594M+2765.0% | 20.7M | 0.00 | |
| -136M+38.9% | -223M-136.2% | 616M+22764.1% | -2.72M+93.4% | -41.0M+58.9% | ||
| Long-term debt issued | 650M | 0.00-100.0% | 575M | 0.00-100.0% | 172M | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00-100.0% | 188M | 0.00 | |
| Common stock repurchased | 90.1M-0.7% | 90.7M+159.1% | 35.0M | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | — | — | — | 0.00 | 0.00+100.0% | |
| Net change in cash | 253M+394.5% | 51.1M-53.6% | 110M+702.8% | 13.7M+1543.7% | -949K+98.7% | |
| Interest paid | 47.8M-28.5% | 66.9M+151.1% | 26.6M+71.3% | 15.6M+13.1% | 13.7M-35.3% | |
| Income taxes paid | 60.3M+6.0% | 56.9M+29.7% | 43.9M+97.0% | 22.3M+17.2% | 19.0M+46.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.50B-11.1% | 2.82B-26.1% | 3.81B+122.3% | 1.71B+287.2% | 443M+25.8% | |
| P/E | 7.5×-52.0% | 15.6×-71.3% | 54.3× | — | — | |
| P/S | 1.9×-11.5% | 2.1×-50.9% | 4.3×+40.8% | 3.0×+153.8% | 1.2×+34.6% | |
| P/B | 1.8×-27.4% | 2.5×-31.5% | 3.7×+82.3% | 2.0×+220.8% | 0.6×+47.5% | |
| P/FCF | 7.1×-35.9% | 11.0×-78.3% | 51.0× | — | 73.1× | |
| Earnings yield | 13.4%+108.3% | 6.4%+248.5% | 1.8% | — | — | |
| FCF yield | 14.1%+55.9% | 9.1%+361.8% | 2.0% | — | 1.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TDW’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TDW filings on SEC EDGAR → Not investment advice.