Tidewater Inc (TDW)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 229,488 | 138,929 | -2,307 | -123,785 | -197,661 |
| Revenue | US$ in thousands | 1,345,840 | 1,009,980 | 647,684 | 371,033 | 397,038 |
| Pretax margin | 17.05% | 13.76% | -0.36% | -33.36% | -49.78% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $229,488K ÷ $1,345,840K
= 17.05%
Tidewater Inc's pretax margin has shown a significant improvement over the past five years. Starting at a concerning -49.78% in December 2020, the company managed to reduce its losses and improve its financial performance to reach a pretax margin of -33.36% by December 2021.
The trend continued positively in the following years, with the pretax margin improving to -0.36% by December 2022, signifying a turnaround in the company's profitability. This improvement accelerated in the subsequent years, reaching 13.76% by December 2023 and further climbing to 17.05% by December 2024.
The positive trajectory in Tidewater Inc's pretax margin indicates that the company has successfully managed its operational expenses and increased its revenue generation, resulting in healthier profitability. The consistent improvement in pretax margin reflects the company's efforts in enhancing operational efficiency and achieving sustainable growth.
Peer comparison
Dec 31, 2024