Tidewater Inc (TDW)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	468,838	443,046	358,057	319,157	268,797	225,871	197,336	164,721	129,093	93,890	45,335	10,954	-7,556	-15,589	-20,624	-7,929	8,144	14,405	33,595	44,136
Revenue (ttm)	US$ in thousands	1,345,835	1,303,408	1,262,314	1,138,045	1,009,985	894,073	786,573	735,059	647,684	566,113	466,752	393,258	371,033	357,717	351,783	364,174	397,038	423,956	457,254	480,769
Gross profit margin		34.84%	33.99%	28.37%	28.04%	26.61%	25.26%	25.09%	22.41%	19.93%	16.59%	9.71%	2.79%	-2.04%	-4.36%	-5.86%	-2.18%	2.05%	3.40%	7.35%	9.18%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $468,838K ÷ $1,345,835K
= 34.84%

The gross profit margin of Tidewater Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. Initially starting at a relatively low level of 9.18% in March 2020, the margin declined in subsequent quarters, reaching a negative percentage by March 2021. This continued until June 2022, where the margin began to improve significantly, reaching 9.71%.

From that point on, the gross profit margin consistently displayed an upward trajectory, demonstrating strong improvement quarter by quarter. By December 31, 2024, the gross profit margin had surged to 34.84%, indicating a remarkable recovery and profitability enhancement for Tidewater Inc over the analyzed period.

This turnaround in the company's gross profit margin suggests improved efficiency in managing production costs, enhanced pricing strategies, or a combination of factors that have positively impacted Tidewater Inc's ability to generate profit from its core operations.