TDW TIDEWATER INC
FY2025 10-K
TIDEWATER INC (TDW) filed its fiscal year 2025 10-K annual report with the SEC on Mar 2, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: Global provider of offshore service vessels (OSVs) to support oil, gas, and windfarm offshore operations with a diverse fleet of 208 vessels in 30+ countries
- • New emphasis: Acquisition agreements in 2023-2026 adding 59 vessels total, including 22 PSVs in Brazil for $500M and 37 PSVs from Solstad for $594.2M
Management Discussion & Analysis
- • Revenue $1,352.8M, up 1% YoY (+$7.0M) driven by higher average day rates ($22,573 vs $21,273) offset by lower utilization (76.1% vs 79.0%)
- • Operating margin approx. 20.9% (operating profit = revenue $1,352.8M - vessel operating costs $680.6M - other expenses) relatively stable with cost reductions partially offset by higher G&A (+21%) and depreciation (+8%)
Risk Factors
- • Regulatory risk: pending approval by Brazilian antitrust authority for Wilson Companies acquisition impacting transaction completion
- • Geopolitical risk: exposure to piracy, war, terrorist attacks, especially in US Gulf, Caribbean, North Sea, Asia Pacific operations
Financial SummaryXBRL
Revenue
$1.4B
Net Income
$335M
Operating Margin
20.9%
Net Margin
24.7%
ROE
24.5%
Total Assets
$2.4B
EPS (Diluted)
$6.64
Operating Cash Flow
$379M
Source: XBRL data from TIDEWATER INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on TIDEWATER INC
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.