Tidewater Inc (TDW)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	182,215	26,708	-95,016	-186,802	-86,604
Revenue	US$ in thousands	968,844	627,918	341,080	375,228	486,549
Operating profit margin		18.81%	4.25%	-27.86%	-49.78%	-17.80%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $182,215K ÷ $968,844K
= 18.81%

The operating profit margin of Tidewater Inc has shown significant fluctuations over the past five years. In 2023, the operating profit margin increased substantially to 18.81%, signaling improved operational efficiency and profitability. This is a positive trend compared to the previous years.

In 2022, the operating profit margin was 4.25%, indicating a moderate level of profitability. However, in 2021, the company experienced a negative operating profit margin of -27.86%, reflecting operational challenges and potential inefficiencies in cost management.

The year 2020 also showed a negative operating profit margin of -49.78%, which is a significant decline from the previous year and suggests severe operational difficulties.

Finally, in 2019, the operating profit margin was -17.80%, indicating ongoing challenges in generating profits from core business operations.

Overall, the recent increase in the operating profit margin is a positive development for Tidewater Inc, suggesting improved operational performance and potentially stronger financial health. However, the company should continue to focus on maintaining and enhancing its profitability to ensure long-term sustainability.