Tidewater Inc (TDW)

Pretax margin

		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	Sep 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	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	-138,100
Revenue (ttm)	US$ in thousands	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	478,007
Pretax margin		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%	-28.89%

June 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $202,253K ÷ $1,228,246K
= 16.47%

The pretax margin of Tidewater Inc has shown fluctuations over the past several quarters. In the most recent quarter ending June 30, 2024, the pretax margin was 16.47%, which was a slight increase from the previous quarter. This indicates that the company is effectively controlling its operating expenses relative to its pre-tax earnings.

Looking back over the past few quarters, there has been a positive trend in the pretax margin, showing improvement in profitability. This improvement can be attributed to various factors such as cost management strategies, revenue growth, or operational efficiencies.

Despite the positive trend, it is important to note that Tidewater Inc experienced significant challenges in previous periods, with pretax margins dipping into negative territory. However, the company has made significant progress in turning around its financial performance, as evidenced by the recent positive pretax margins.

Overall, the increasing trend in pretax margin reflects improvements in Tidewater Inc's profitability and financial health. Monitoring this ratio over time will be crucial to assess the company's ongoing operational efficiency and financial performance.