Tidewater Inc. — Earnings Quality Grade B
TDW · Energy
Generally healthy
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 77 days, change -11 days YoY
AR growth -11.9% vs revenue growth 0.5%
Revenue 0.5%, CFFO 34.2%. Cash follows revenue
Expense Quality
Inventory 12.1% vs COGS 1.1%. Normal
CapEx growth -6.6% vs revenue 0.5%. Normal
SG&A/Gross Profit = 31.3%. Normal
Gross margin 29.8%, change -0.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.13. Profits backed by cash
FCF $0.4B, FCF/NI = 1.06
Accruals ratio = -1.9%. Low accruals
Cash $0.6B covers 85% of debt $0.7B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 1.6x. Healthy
Other assets grew 65.8% vs revenue 0.5%
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.35 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25