Tidewater Inc (TDW)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 226,048 | 202,253 | 177,880 | 140,493 | 104,353 | 80,626 | 27,796 | -1,863 | -55,161 | -92,264 | -96,738 | -123,094 | -115,837 | -122,440 | -206,897 | -197,207 | -222,055 | -219,210 | -121,734 | -114,019 |
| 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 |
| Pretax margin | 17.71% | 16.47% | 16.14% | 14.47% | 11.84% | 10.45% | 3.86% | -0.30% | -10.28% | -20.95% | -26.17% | -35.92% | -35.30% | -38.00% | -61.82% | -52.36% | -51.87% | -47.45% | -25.05% | -23.43% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $226,048K ÷ $1,276,199K
= 17.71%
The pretax margin of Tidewater Inc has shown a varying trend over the past few quarters.
In the most recent quarter, the pretax margin stood at 17.71%, indicating that the company retained approximately 17.71% of its revenues as pretax profits. This represents a positive trend compared to the previous quarter where the pretax margin was 16.47%.
Looking further back, the trend reveals a notable improvement in the pretax margin over the past year. The company managed to turn around from negative pretax margins in the last quarter of 2021 to achieve positive margins in subsequent quarters of 2022 and onwards. This sign of recovery and profitability is a positive indicator of the company's financial performance.
However, it's important to note that there have been periods of significant volatility in the pretax margin, as evidenced by the sharp declines in the margins in the quarters of 2020 and early 2021, which reached as low as -61.82% and -52.36%, respectively. This volatility could suggest varying levels of operational efficiency and cost management during those periods.
Overall, the recent positive trend in the pretax margin, along with the recovery from negative margins in the past, reflects a promising outlook for Tidewater Inc's profitability and financial health.
Peer comparison
Sep 30, 2024