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Unless otherwise required by the context, the terms we, us, our and the company as used herein refer to Tidewater Inc. and its consolidated subsidiaries and predecessors. About Tidewater We have provided marine and transportation services to the global offshore energy industry since our incorporation in 1956.
20.89% operating margin is above average. ROIC at 11.71%.
Revenue growth slowed to 0.5%, essentially flat. Margins also contracted 2.2pp. This is a business that needs a catalyst.
ROIC dropped from 14.74% to 11.71%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$1.35B
▲ +0.5% YoY
Net Income (TTM)
$298M
▲ +85.2% YoY
Op. Margin
19.81%
▼ -2.2pp YoY
ROIC
11.00%
▼ -3.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$287M
▲ +38.6% YoY
Op. Cash Flow (TTM)
$318M
▲ +34.2% YoY
Net Debt
$102M
Cash & Equiv.
$552M
5Y CAGR: +27.8%
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