TDW - Tidewater Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$101.50
DETAILS
HIGH:
$117.00
LOW:
$86.00
MEDIAN:
$101.50
CONSENSUS:
$101.50
UPSIDE:
28.01%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 1,352.8 | 1,345.8 | 1,010.0 | 647.7 | 371.0 | 397.0 | 486.5 | 406.5 | 330.1 | 601.6 | 979.1 | 1,495.5 | 1,435.1 | 1,244.2 | 1,067.0 | 1,055.4 |
| Cost of Revenue | 936.4 | 939.4 | 741.2 | 518.6 | 378.6 | 388.9 | 433.9 | 333.4 | 0 | 539.2 | 762.3 | 1,036.1 | 979.1 | 852.1 | 765.6 | 783.8 |
| Gross Profit | 416.3 | 406.4 | 268.8 | 129.1 | (7.6) | 8.1 | 52.6 | 73.1 | 0 | 62.4 | 216.8 | 459.4 | 456.0 | 392.1 | 301.4 | 271.6 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 134.5 | 110.1 | 94.2 | 99.9 | 68.2 | 71.9 | 103.7 | 98.9 | 88.5 | 179.6 | 187.5 | 218.1 | 209.9 | 192.4 | 174.5 | 145.5 |
| Other Expenses | (8.3) | (15.0) | (7.6) | 2.5 | 19.3 | 123.0 | 35.5 | 70.6 | 0 | 460.6 | 98.9 | 278.5 | 44.6 | (6.6) | 13.3 | (13.2) |
| Operating Expenses | 126.2 | 95.1 | 86.6 | 102.4 | 87.5 | 194.9 | 139.2 | 180.6 | 0 | 640.3 | 286.3 | 496.6 | 254.4 | 185.8 | 187.8 | 132.2 |
| Operating Income | ||||||||||||||||
| Operating Income | 290.2 | 311.3 | 182.2 | 26.7 | (95.0) | (186.8) | (86.6) | (107.5) | 0 | (577.9) | (69.5) | (37.2) | 201.5 | 206.2 | 113.6 | 139.3 |
| Interest Expense | 66.1 | 73.0 | 48.5 | 17.2 | 15.6 | 24.2 | 29.1 | 30.4 | 0 | 75.0 | 53.8 | 50.0 | 43.8 | 29.7 | 22.3 | 10.8 |
| Interest Income | 8.2 | 6.4 | 6.5 | 5.4 | 1.6 | 1.2 | 6.6 | 11.3 | 0 | 5.2 | 2.7 | 1.9 | 2.1 | 3.5 | 3.4 | 5.1 |
| Profitability | ||||||||||||||||
| EBITDA | 552.5 | 458.6 | 316.2 | 98.4 | (35.0) | (100.5) | (7.4) | (71.7) | 0 | (401.3) | 96.5 | 158.8 | 384.3 | 372.2 | 271.7 | 299.4 |
| EBIT | 290.2 | 302.5 | 187.4 | 14.9 | (108.2) | (173.5) | (84.4) | (123.1) | 0 | (568.6) | (85.8) | (16.4) | 216.9 | 224.9 | 133.3 | 158.9 |
| Income Before Tax | 220.2 | 229.5 | 138.9 | (2.3) | (123.8) | (197.7) | (113.5) | (153.5) | (1,684.8) | (643.6) | (139.6) | (66.4) | 173.0 | 195.2 | 111.0 | 148.1 |
| Income Tax Expense | (113.2) | 50.2 | 43.3 | 19.9 | 5.9 | (1.0) | 27.7 | 18.3 | 0.8 | 6.4 | 20.8 | (1.1) | 32.8 | 44.4 | 23.6 | 42.5 |
| Net Income | 334.7 | 180.7 | 97.2 | (21.7) | (129.0) | (196.2) | (141.7) | (171.5) | (2,248.2) | (660.1) | (160.2) | (65.2) | 140.3 | 150.8 | 87.4 | 105.6 |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | 6.69 | 3.44 | 1.88 | -0.49 | -3.14 | -4.86 | -3.71 | -6.45 | -101.66 | -35.77 | -8.68 | -3.53 | 7.60 | 8.17 | 4.74 | 5.72 |
| EPS (Diluted) | 6.64 | 3.40 | 1.84 | -0.49 | -3.14 | -4.86 | -3.71 | -6.45 | -101.66 | -35.77 | -8.68 | -3.53 | 7.60 | 8.17 | 4.74 | 5.72 |
| Shares Outstanding | 50.1 | 52.5 | 51.6 | 44.1 | 41.0 | 40.4 | 38.2 | 26.6 | 22.1 | 18.5 | 18.5 | 18.5 | 18.5 | 18.5 | 18.5 | 18.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 578.8 | 324.9 | 274.4 | 164.2 | 149.0 | 149.9 | 218.3 | 371.8 | 432.0 | 706.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.9 | 0 |
| Net Receivables | 285.4 | 323.8 | 268.4 | 156.5 | 156.6 | 174.7 | 236.2 | 244.2 | 344.5 | 385.9 |
| Inventory | 0 | 34.3 | 31.9 | 30.8 | 12.6 | 15.9 | 21.9 | 29.5 | 28.2 | 30.6 |
| Other Current Assets | 50.0 | 15.6 | 16.4 | 26.4 | 15.7 | 36.5 | 45.0 | 26.0 | 21.3 | 3.9 |
| Total Current Assets | 914.1 | 698.7 | 591.1 | 377.9 | 342.7 | 388.6 | 537.3 | 683.3 | 845.2 | 1,141.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 1,072.0 | 1,184.3 | 1,322.3 | 796.7 | 688.0 | 780.3 | 939.0 | 1,089.9 | 850.9 | 2,864.8 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 385.9 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 244.2 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.0 | 29.2 | 45.1 |
| Other Non-Current Assets | 199.8 | 192.0 | 156.5 | 123.1 | 65.1 | 82.2 | 103.3 | 53.1 | 34.3 | 100.4 |
| Total Non-Current Assets | 1,472.8 | 1,376.2 | 1,471.6 | 919.7 | 753.1 | 862.5 | 1,042.2 | 1,144.4 | 914.4 | 3,049.4 |
| Total Assets | 2,386.9 | 2,074.9 | 2,062.8 | 1,297.7 | 1,095.8 | 1,251.2 | 1,579.5 | 1,827.7 | 1,759.6 | 4,190.7 |
| Current Liabilities | ||||||||||
| Account Payables | 66.3 | 71.4 | 44.9 | 38.9 | 20.8 | 17.0 | 27.5 | 31.9 | 38.5 | 31.6 |
| Short-Term Debt | 5.8 | 65.4 | 103.1 | 0 | 0 | 27.8 | 9.9 | 8.6 | 5.1 | 2,034.1 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.8 |
| Other Current Liabilities | 243.0 | 16.8 | 10.7 | 11.0 | 4.9 | 8.9 | 5.4 | 7.9 | 0.9 | 1.1 |
| Total Current Liabilities | 315.2 | 331.6 | 328.7 | 194.8 | 157.9 | 183.2 | 185.7 | 158.4 | 220.1 | 2,328.7 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 649.0 | 571.7 | 631.4 | 169.0 | 167.9 | 164.9 | 279.0 | 430.4 | 443.1 | 54.9 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 2.6 | 1.9 | 0 | 46.0 |
| Other Non-Current Liabilities | 61.4 | 60.4 | 65.0 | 67.8 | 68.2 | 79.8 | 95.8 | 92.1 | 74.5 | 76.0 |
| Total Non-Current Liabilities | 710.4 | 632.1 | 696.3 | 236.9 | 236.1 | 244.7 | 377.4 | 524.5 | 517.5 | 210.9 |
| Total Liabilities | 1,025.7 | 963.7 | 1,025.1 | 431.7 | 394.0 | 427.9 | 563.1 | 682.8 | 737.7 | 2,539.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4.7 |
| Retained Earnings | (305.2) | (548.8) | (637.8) | (699.6) | (677.9) | (548.9) | (352.5) | (210.8) | (39.3) | 1,475.3 |
| Accumulated Other Comprehensive Income | 7.2 | 6.1 | 5.3 | 8.6 | 2.7 | (0.8) | (0.2) | 2.2 | (0.1) | (10.3) |
| Total Stockholders' Equity | 1,365.4 | 1,114.1 | 1,039.2 | 866.0 | 701.3 | 822.1 | 1,014.8 | 1,143.8 | 1,019.7 | 1,634.9 |
| Total Liabilities & Equity | 2,386.9 | 2,074.9 | 2,062.8 | 1,297.7 | 1,095.8 | 1,251.2 | 1,579.5 | 1,827.7 | 1,759.6 | 4,190.7 |
| Debt Metrics | ||||||||||
| Total Debt | 654.9 | 637.1 | 734.4 | 169.0 | 167.9 | 192.7 | 288.9 | 439.0 | 448.2 | 2,034.1 |
| Net Debt | 76.1 | 312.2 | 460.0 | 4.8 | 18.8 | 42.8 | 70.6 | 67.2 | 16.1 | 1,327.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 333.5 | 179.3 | 95.6 | (22.2) | (129.7) | (196.7) | (141.2) | (171.8) | (2,248.2) | (650.0) |
| Depreciation & Amortization | 151.1 | 156.2 | 128.8 | 83.5 | 73.2 | 73.0 | 77.0 | 51.3 | 67.8 | 167.3 |
| Stock-Based Compensation | 14.5 | 13.7 | 10.8 | 7.4 | 5.6 | 5.1 | 19.6 | 13.4 | 4.6 | 3.3 |
| Change in Working Capital | (29.6) | (145.0) | (171.9) | (79.2) | (7.4) | (47.8) | (44.1) | (1.6) | 10.1 | 53.5 |
| Other Non-Cash Items | 105.5 | 72.6 | 41.4 | 50.7 | 74.5 | 169.1 | 56.6 | 112.0 | 2,238.6 | 457.9 |
| Operating Cash Flow | 379.1 | 273.8 | 104.7 | 40.2 | 15.0 | 4.0 | (31.4) | 3.9 | (57.1) | 29.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | (25.8) | (27.6) | (31.6) | (16.6) | (9.0) | (14.9) | (18.0) | (21.4) | (12.1) | (25.5) |
| Acquisitions | 0 | 0 | (594.2) | (20.7) | 0 | 0 | 0 | 0 | 40.2 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 18.3 | 27.4 | 15.5 | 13.6 | 34.0 | 38.3 | 28.8 | 89.9 | 42.6 | 40.4 |
| Investing Cash Flow | (7.5) | (0.2) | (610.3) | (23.8) | 25.1 | 23.4 | 10.8 | 68.5 | 28.1 | 14.9 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (18.2) | (103.0) | 561.3 | 0 | (26.5) | (98.1) | (133.7) | (121.7) | (222.8) | (10.1) |
| Stock Repurchased | (90.1) | (90.7) | (35.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (27.7) | (28.8) | 89.3 | (190.5) | (14.5) | (1.7) | (15.9) | (6.4) | (1.2) | (6.6) |
| Financing Cash Flow | (136.0) | (222.6) | 615.6 | (2.7) | (41.0) | (99.8) | (149.6) | (128.1) | (224.0) | (16.7) |
| Cash Position | ||||||||||
| Net Change in Cash | 252.5 | 51.1 | 110.0 | 13.7 | (0.9) | (72.4) | (170.1) | (55.6) | (225.1) | 28.0 |
| Cash at Beginning | 329.0 | 278.0 | 168.0 | 154.3 | 155.2 | 227.6 | 397.7 | 453.3 | 678.4 | 678.4 |
| Cash at End | 581.6 | 329.0 | 278.0 | 168.0 | 154.3 | 155.2 | 227.6 | 397.7 | 453.3 | 706.4 |
| Free Cash Flow | 353.3 | 246.3 | 73.1 | 23.6 | 6.1 | (10.9) | (49.4) | (17.4) | (69.2) | 4.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 1,352.8 | 1,345.8 | 1,010.0 | 647.7 | 371.0 | 397.0 | 486.5 | 406.5 | 330.1 | 601.6 | 979.1 | 1,495.5 | 1,435.1 | 1,244.2 | 1,067.0 | 1,055.4 |
| Gross Profit | 416.3 | 406.4 | 268.8 | 129.1 | (7.6) | 8.1 | 52.6 | 73.1 | 0 | 62.4 | 216.8 | 459.4 | 456.0 | 392.1 | 301.4 | 271.6 |
| Operating Income | 290.2 | 311.3 | 182.2 | 26.7 | (95.0) | (186.8) | (86.6) | (107.5) | 0 | (577.9) | (69.5) | (37.2) | 201.5 | 206.2 | 113.6 | 139.3 |
| Net Income | 334.7 | 180.7 | 97.2 | (21.7) | (129.0) | (196.2) | (141.7) | (171.5) | (2,248.2) | (660.1) | (160.2) | (65.2) | 140.3 | 150.8 | 87.4 | 105.6 |
| EPS (Diluted) | 6.64 | 3.40 | 1.84 | -0.49 | -3.14 | -4.86 | -3.71 | -6.45 | -101.66 | -35.77 | -8.68 | -3.53 | 7.60 | 8.17 | 4.74 | 5.72 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 578.8 | 324.9 | 274.4 | 164.2 | 149.0 | 149.9 | 218.3 | 371.8 | 432.0 | 706.4 | ||||||
| Total Assets | 2,386.9 | 2,074.9 | 2,062.8 | 1,297.7 | 1,095.8 | 1,251.2 | 1,579.5 | 1,827.7 | 1,759.6 | 4,190.7 | ||||||
| Total Debt | 654.9 | 637.1 | 734.4 | 169.0 | 167.9 | 192.7 | 288.9 | 439.0 | 448.2 | 2,034.1 | ||||||
| Stockholders' Equity | 1,365.4 | 1,114.1 | 1,039.2 | 866.0 | 701.3 | 822.1 | 1,014.8 | 1,143.8 | 1,019.7 | 1,634.9 | ||||||
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 379.1 | 273.8 | 104.7 | 40.2 | 15.0 | 4.0 | (31.4) | 3.9 | (57.1) | 29.8 | ||||||
| Capital Expenditure | (25.8) | (27.6) | (31.6) | (16.6) | (9.0) | (14.9) | (18.0) | (21.4) | (12.1) | (25.5) | ||||||
| Free Cash Flow | 353.3 | 246.3 | 73.1 | 23.6 | 6.1 | (10.9) | (49.4) | (17.4) | (69.2) | 4.3 | ||||||