Tidewater Inc (TDW)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	406,403	268,797	129,093	-7,556	8,144
Revenue	US$ in thousands	1,345,840	1,009,980	647,684	371,033	397,038
Gross profit margin		30.20%	26.61%	19.93%	-2.04%	2.05%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $406,403K ÷ $1,345,840K
= 30.20%

The gross profit margin of Tidewater Inc has shown significant fluctuations over the past five years. In December 2020, the company reported a marginal gross profit margin of 2.05%, indicating a low level of profitability after accounting for the cost of goods sold. However, the situation deteriorated in December 2021, with a negative gross profit margin of -2.04%, suggesting that the company experienced a loss on its core operations.

Subsequently, the financial performance improved markedly, as evidenced by the substantial increase in the gross profit margin to 19.93% by December 2022. The positive trend continued into December 2023, as the gross profit margin further increased to 26.61%, indicating enhanced operational efficiency and profitability.

By the end of December 2024, Tidewater Inc's gross profit margin reached a solid 30.20%, reflecting a notable improvement in the company's ability to generate profit from its core business activities. Overall, the upward trajectory in the gross profit margin over the five-year period suggests that Tidewater Inc has made significant strides in enhancing its profitability and operational performance.