Tidewater Inc (TDW) - Net Assets
Based on the latest financial reports, Tidewater Inc (TDW) has net assets worth $1.14 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.13 Billion) and total liabilities ($989.86 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Tidewater Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.14 Billion |
| % of Total Assets | 53.5% |
| Annual Growth Rate | 2.25% |
| 5-Year Change | 34.97% |
| 10-Year Change | -51.8% |
| Growth Volatility | 14.55 |
Tidewater Inc - Net Assets Trend (1993–2024)
This chart illustrates how Tidewater Inc's net assets have evolved over time, based on quarterly financial data. Also explore TDW total assets for the complete picture of this company's asset base.
Annual Net Assets for Tidewater Inc (1993–2024)
The table below shows the annual net assets of Tidewater Inc from 1993 to 2024. For live valuation and market cap data, see market value of Tidewater Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.11 Billion | +7.08% |
| 2023-12-31 | $1.04 Billion | +19.83% |
| 2022-12-31 | $865.99 Million | +23.40% |
| 2021-12-31 | $701.77 Million | -14.76% |
| 2020-12-31 | $823.27 Million | -19.00% |
| 2019-12-31 | $1.02 Billion | -11.22% |
| 2018-12-31 | $1.14 Billion | +12.03% |
| 2017-12-31 | $1.02 Billion | -38.10% |
| 2016-12-31 | $1.65 Billion | -28.39% |
| 2015-12-31 | $2.31 Billion | -7.06% |
| 2014-12-31 | $2.48 Billion | -7.62% |
| 2013-12-31 | $2.69 Billion | +4.83% |
| 2012-12-31 | $2.56 Billion | +1.40% |
| 2011-12-31 | $2.53 Billion | +0.50% |
| 2010-12-31 | $2.51 Billion | +2.02% |
| 2009-12-31 | $2.46 Billion | +9.77% |
| 2008-12-31 | $2.24 Billion | +16.30% |
| 2007-12-31 | $1.93 Billion | +2.34% |
| 2006-12-31 | $1.89 Billion | +13.68% |
| 2005-12-31 | $1.66 Billion | +15.00% |
| 2004-12-31 | $1.44 Billion | +5.61% |
| 2003-12-31 | $1.37 Billion | +1.09% |
| 2002-12-31 | $1.35 Billion | +5.10% |
| 2001-12-31 | $1.29 Billion | +9.12% |
| 2000-12-31 | $1.18 Billion | +5.75% |
| 1999-12-31 | $1.11 Billion | +4.36% |
| 1998-12-31 | $1.07 Billion | +6.91% |
| 1997-12-31 | $998.70 Million | +29.75% |
| 1996-12-31 | $769.70 Million | +4.20% |
| 1995-12-31 | $738.70 Million | +27.32% |
| 1994-12-31 | $580.20 Million | +4.17% |
| 1993-12-31 | $557.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tidewater Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 337.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $52.00K | 0.00% |
| Other Comprehensive Income | $6.06 Million | 0.54% |
| Other Components | $1.66 Billion | 148.71% |
| Total Equity | $1.11 Billion | 100.00% |
Tidewater Inc Competitors by Market Cap
The table below lists competitors of Tidewater Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang HangKe Technology Co Ltd
SHG:688006
|
$2.82 Billion |
|
BBVA Banco Frances SA ADR
F:BFP
|
$2.82 Billion |
|
Acadia Realty Trust
NYSE:AKR
|
$2.82 Billion |
|
LXP Industrial Trust
NYSE:LXP
|
$2.82 Billion |
|
Genting Malaysia Bhd
KLSE:4715
|
$2.82 Billion |
|
Lotus Health Group Co
SHG:600186
|
$2.81 Billion |
|
Viscofan
MC:VIS
|
$2.81 Billion |
|
Livzon Pharmaceutical Group Inc
SHE:000513
|
$2.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tidewater Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,039,239,000 to 1,114,111,000, a change of 74,872,000 (7.2%).
- Net income of 180,656,000 contributed positively to equity growth.
- Share repurchases of 90,742,000 reduced equity.
- Other comprehensive income increased equity by 794,000.
- Other factors decreased equity by 15,836,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $180.66 Million | +16.22% |
| Share Repurchases | $90.74 Million | -8.14% |
| Other Comprehensive Income | $794.00K | +0.07% |
| Other Changes | $-15.84 Million | -1.42% |
| Total Change | $- | 7.20% |
Book Value vs Market Value Analysis
This analysis compares Tidewater Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.18x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.27x to 4.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $327.65 | $87.85 | x |
| 1994-12-31 | $341.29 | $87.85 | x |
| 1995-12-31 | $369.40 | $87.85 | x |
| 1996-12-31 | $384.85 | $87.85 | x |
| 1997-12-31 | $525.68 | $87.85 | x |
| 1998-12-31 | $593.17 | $87.85 | x |
| 1999-12-31 | $619.00 | $87.85 | x |
| 2000-12-31 | $654.61 | $87.85 | x |
| 2001-12-31 | $714.33 | $87.85 | x |
| 2002-12-31 | $750.78 | $87.85 | x |
| 2003-12-31 | $758.94 | $87.85 | x |
| 2004-12-31 | $801.50 | $87.85 | x |
| 2005-12-31 | $921.72 | $87.85 | x |
| 2006-12-31 | $1047.78 | $87.85 | x |
| 2007-12-31 | $1135.35 | $87.85 | x |
| 2008-12-31 | $1402.94 | $87.85 | x |
| 2009-12-31 | $1540.00 | $87.85 | x |
| 2010-12-31 | $136.21 | $87.85 | x |
| 2011-12-31 | $136.88 | $87.85 | x |
| 2012-12-31 | $138.80 | $87.85 | x |
| 2013-12-31 | $145.18 | $87.85 | x |
| 2014-12-31 | $134.07 | $87.85 | x |
| 2015-12-31 | $124.59 | $87.85 | x |
| 2016-12-31 | $88.58 | $87.85 | x |
| 2017-12-31 | $46.11 | $87.85 | x |
| 2018-12-31 | $43.02 | $87.85 | x |
| 2019-12-31 | $26.56 | $87.85 | x |
| 2020-12-31 | $20.37 | $87.85 | x |
| 2021-12-31 | $17.10 | $87.85 | x |
| 2022-12-31 | $19.62 | $87.85 | x |
| 2023-12-31 | $19.63 | $87.85 | x |
| 2024-12-31 | $20.99 | $87.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tidewater Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.42%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.86x
- Recent ROE (16.22%) is above the historical average (-2.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 4.34% | 4.64% | 0.64x | 1.45x | $-31.50 Million |
| 1994 | 7.34% | 7.91% | 0.60x | 1.55x | $-15.42 Million |
| 1995 | 10.31% | 11.84% | 0.66x | 1.32x | $2.32 Million |
| 1996 | 18.97% | 18.18% | 0.77x | 1.35x | $69.03 Million |
| 1997 | 24.34% | 22.93% | 0.71x | 1.49x | $143.22 Million |
| 1998 | 19.73% | 21.74% | 0.69x | 1.31x | $103.93 Million |
| 1999 | 6.87% | 13.33% | 0.40x | 1.29x | $-34.82 Million |
| 2000 | 7.31% | 13.96% | 0.41x | 1.28x | $-31.73 Million |
| 2001 | 10.59% | 18.68% | 0.44x | 1.30x | $7.62 Million |
| 2002 | 6.56% | 13.94% | 0.34x | 1.37x | $-46.54 Million |
| 2003 | 3.05% | 6.39% | 0.31x | 1.52x | $-94.91 Million |
| 2004 | 7.02% | 14.64% | 0.31x | 1.53x | $-42.93 Million |
| 2005 | 14.21% | 26.86% | 0.37x | 1.43x | $69.83 Million |
| 2006 | 18.91% | 31.69% | 0.42x | 1.40x | $168.01 Million |
| 2007 | 18.07% | 27.46% | 0.46x | 1.43x | $155.78 Million |
| 2008 | 18.13% | 29.26% | 0.45x | 1.37x | $182.43 Million |
| 2009 | 10.53% | 22.20% | 0.35x | 1.34x | $13.04 Million |
| 2010 | 4.20% | 10.01% | 0.28x | 1.49x | $-145.77 Million |
| 2011 | 3.46% | 8.19% | 0.26x | 1.61x | $-165.22 Million |
| 2012 | 5.88% | 12.12% | 0.30x | 1.63x | $-105.43 Million |
| 2013 | 5.23% | 9.77% | 0.29x | 1.82x | $-127.68 Million |
| 2014 | -2.63% | -4.36% | 0.31x | 1.92x | $-312.64 Million |
| 2015 | -6.97% | -16.36% | 0.20x | 2.17x | $-390.13 Million |
| 2016 | -40.38% | -109.73% | 0.14x | 2.56x | $-823.61 Million |
| 2017 | -220.47% | -681.03% | 0.19x | 1.73x | $-2.35 Billion |
| 2018 | -14.99% | -42.19% | 0.22x | 1.60x | $-285.90 Million |
| 2019 | -13.97% | -29.13% | 0.31x | 1.56x | $-243.22 Million |
| 2020 | -23.87% | -49.43% | 0.32x | 1.52x | $-278.45 Million |
| 2021 | -18.39% | -34.76% | 0.34x | 1.56x | $-199.10 Million |
| 2022 | -2.51% | -3.36% | 0.50x | 1.50x | $-108.35 Million |
| 2023 | 9.35% | 9.62% | 0.49x | 1.98x | $-6.74 Million |
| 2024 | 16.22% | 13.42% | 0.65x | 1.86x | $69.24 Million |
Industry Comparison
This section compares Tidewater Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $4,027,366,900
- Average return on equity (ROE) among peers: 0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tidewater Inc (TDW) | $1.14 Billion | 4.34% | 0.87x | $2.82 Billion |
| ProFrac Holding Corp. (ACDC) | $176.81 Million | -1.24% | 2.26x | $980.32 Million |
| Atlas Energy Solutions Inc. (AESI) | $338.70 Million | 1.26% | 0.61x | $1.64 Billion |
| Archrock Inc (AROC) | $722.86 Million | 4.64% | 1.69x | $6.33 Billion |
| Baker Hughes Co (BKR) | $35.01 Billion | 0.56% | 0.50x | $62.90 Billion |
| ChampionX Corporation (CHX) | $1.64 Billion | 6.75% | 0.16x | $4.94 Billion |
| Core Laboratories NV (CLB) | $47.60 Million | 16.18% | 0.67x | $655.15 Million |
| Drilling Tools International Corp. (DTI) | $49.10 Million | 42.93% | 1.14x | $76.38 Million |
| Dawson Geophysical Company (DWSN) | $48.80 Million | -38.20% | 0.41x | $62.41 Million |
| Enerflex Ltd. (EFXT) | $1.21 Billion | 8.14% | 0.88x | $2.57 Billion |
| Forum Energy Technologies Inc (FET) | $1.03 Billion | -36.31% | 0.78x | $597.54 Million |
About Tidewater Inc
Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide. The company offers support in phases of offshore oil and gas exploration, field development and production, and windfarm development and maintenance; towing, anchor handling, and… Read more