Tidewater Inc (TDW)

Gross profit margin

		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	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	249,922	227,379	186,656	135,270	107,891	70,029	34,960	1,794	-40,863	-78,013	-98,709	-108,818	24,588	20,346	41,651	54,884	-36,590	-8,784	-1,031	6,894
Revenue (ttm)	US$ in thousands	1,276,199	1,228,246	1,101,938	971,068	881,665	771,718	719,441	628,700	536,653	440,428	369,602	342,682	328,155	322,185	334,670	376,625	428,080	462,011	485,942	486,549
Gross profit margin		19.58%	18.51%	16.94%	13.93%	12.24%	9.07%	4.86%	0.29%	-7.61%	-17.71%	-26.71%	-31.75%	7.49%	6.32%	12.45%	14.57%	-8.55%	-1.90%	-0.21%	1.42%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $249,922K ÷ $1,276,199K
= 19.58%

Over the periods shown, Tidewater Inc's gross profit margin has exhibited fluctuations. In recent quarters, the gross profit margin has been on an upward trend, improving from negative margins to positive margins. This indicates that the company has been able to increase the efficiency of its production process, pricing strategy, or cost management.

The peak gross profit margin of 19.58% in the most recent quarter suggests that Tidewater Inc was able to generate a higher percentage of revenue as gross profit, which is a positive sign for the company's profitability.

Overall, the improving trend in gross profit margin reflects positively on Tidewater Inc's ability to generate profits from its core business activities. However, further analysis is needed to understand the specific drivers behind these margin changes and to assess the sustainability of this trend.