Tidewater Inc (TDW)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 298,309 | 275,499 | 261,227 | 224,047 | 177,687 | 132,238 | 95,624 | 58,517 | 26,708 | -13,402 | -54,026 | -76,025 | -95,016 | -93,372 | -96,984 | -194,570 | -186,802 | -211,493 | -208,868 | -95,517 |
| 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 |
| Operating profit margin | 22.17% | 21.14% | 20.69% | 19.69% | 17.59% | 14.79% | 12.16% | 7.96% | 4.12% | -2.37% | -11.57% | -19.33% | -25.61% | -26.10% | -27.57% | -53.43% | -47.05% | -49.89% | -45.68% | -19.87% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $298,309K ÷ $1,345,835K
= 22.17%
Tidewater Inc's operating profit margin experienced a significant fluctuation over the period from March 31, 2020, to December 31, 2024. The company started with a negative operating profit margin of -19.87% in March 2020, which deteriorated further to -45.68% by June 2020, indicating that the company was not effectively generating profits from its core operations.
The trend of declining operating profit margins continued through September and December 2020, reaching -49.89% and -47.05%, respectively. However, a slight improvement was observed in the following months, with operating profit margins remaining negative but showing signs of recovery.
By March 2022, the operating profit margin had slightly increased to -19.33%, and a more significant improvement was evident by December 2022, with the operating profit margin turning positive at 4.12%, signifying a positive shift in the company's operational efficiency.
The positive trend persisted throughout 2023, with operating profit margins steadily increasing to 17.59% by December 31, 2023. This upward trajectory continued into 2024, with the operating profit margin reaching 22.17% by December 31, indicating that Tidewater Inc had successfully enhanced its profitability and operational performance.
Overall, the analysis of Tidewater Inc's operating profit margin highlights a challenging period of negative profitability, followed by a commendable turnaround, leading to a substantial improvement in the company's operational efficiency and financial performance over the examined period.
Peer comparison
Dec 31, 2024