Tidewater Inc (TDW)

Operating 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
Operating income (ttm)	US$ in thousands	293,066	278,794	239,614	182,215	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	-86,604
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
Operating profit margin		22.96%	22.70%	21.74%	18.76%	15.00%	12.39%	8.13%	4.25%	-2.50%	-12.27%	-20.57%	-27.73%	-28.45%	-30.10%	-58.14%	-49.60%	-49.41%	-45.21%	-19.66%	-17.80%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $293,066K ÷ $1,276,199K
= 22.96%

The operating profit margin of Tidewater Inc has shown a fluctuating trend over the past several quarters. The margin has steadily improved from negative figures in 2021 to positive figures in 2024, indicating enhanced operational efficiency and cost management. The company has successfully increased its operating profit margin from -28.45% in Dec 2021 to 22.96% in Sep 2024, reflecting a significant turnaround in profitability.

The upward trend in operating profit margin signifies that Tidewater Inc has been able to generate higher operating income relative to its revenue in recent quarters. This improvement could be attributed to effective cost-cutting measures, strategic pricing strategies, or revenue growth outpacing operating expenses. Overall, the positive trajectory of the operating profit margin indicates a healthier financial performance and potential for further profitability in the future.