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TIDEWATER INC（TDW）与United Maritime Corp（USEA）财务数据对比。点击上方公司名可切换其他公司
TIDEWATER INC的季度营收约是United Maritime Corp的184.2倍（$336.8M vs $1.8M）。TIDEWATER INC净利率更高（65.3% vs 59.6%，领先5.7%）。TIDEWATER INC自由现金流更多（$147.8M vs $-477.0K）
Tidewater Inc.是一家公开上市的国际石油服务企业，总部位于美国得克萨斯州休斯敦。公司运营专业船舶船队，主要为海上油气、海上风电行业提供船舶租赁及相关海事服务，是全球海洋能源服务领域的重要参与者。
该企业是一家跨国垂直整合型海运物流企业，核心业务为铁矿石、煤炭、谷物等干散货大宗商品的运输与中转服务，在全球干散货航运物流领域开展运营。
TDW vs USEA — 直观对比
营收规模更大
TDW
是对方的184.2倍
$1.8M
净利率更高
TDW
高出5.7%
59.6%
自由现金流更多
TDW
多$148.3M
$-477.0K
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $336.8M | $1.8M |
| 净利润 | $219.9M | $1.1M |
| 毛利率 | — | — |
| 营业利润率 | 19.0% | — |
| 净利率 | 65.3% | 59.6% |
| 营收同比 | -2.4% | — |
| 净利润同比 | 495.8% | — |
| 每股收益（稀释后） | $4.37 | $0.13 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收TDWUSEA
| Q4 25 | $336.8M | — | ||
| Q3 25 | $341.1M | $1.8M | ||
| Q2 25 | $341.4M | — | ||
| Q1 25 | $333.4M | — | ||
| Q4 24 | $345.1M | — | ||
| Q3 24 | $340.4M | — | ||
| Q2 24 | $339.2M | — | ||
| Q1 24 | $321.2M | — |
净利润TDWUSEA
| Q4 25 | $219.9M | — | ||
| Q3 25 | $-806.0K | $1.1M | ||
| Q2 25 | $72.9M | — | ||
| Q1 25 | $42.7M | — | ||
| Q4 24 | $36.9M | — | ||
| Q3 24 | $46.4M | — | ||
| Q2 24 | $50.4M | — | ||
| Q1 24 | $47.0M | — |
营业利润率TDWUSEA
| Q4 25 | 19.0% | — | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | 22.5% | — | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 23.0% | — | ||
| Q1 24 | 25.5% | — |
净利率TDWUSEA
| Q4 25 | 65.3% | — | ||
| Q3 25 | -0.2% | 59.6% | ||
| Q2 25 | 21.4% | — | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 13.6% | — | ||
| Q2 24 | 14.8% | — | ||
| Q1 24 | 14.6% | — |
每股收益（稀释后）TDWUSEA
| Q4 25 | $4.37 | — | ||
| Q3 25 | $-0.02 | $0.13 | ||
| Q2 25 | $1.46 | — | ||
| Q1 25 | $0.83 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $0.87 | — | ||
| Q2 24 | $0.94 | — | ||
| Q1 24 | $0.89 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $578.8M | $19.7M |
| 总债务越低越好 | $670.1M | $49.5M |
| 股东权益账面价值 | $1.4B | $57.5M |
| 总资产 | $2.4B | $144.2M |
| 负债/权益比越低杠杆越低 | 0.49× | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资TDWUSEA
| Q4 25 | $578.8M | — | ||
| Q3 25 | $428.2M | $19.7M | ||
| Q2 25 | $369.4M | — | ||
| Q1 25 | $341.8M | — | ||
| Q4 24 | $324.9M | — | ||
| Q3 24 | $280.8M | — | ||
| Q2 24 | $315.9M | — | ||
| Q1 24 | $280.9M | — |
总债务TDWUSEA
| Q4 25 | $670.1M | — | ||
| Q3 25 | — | $49.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $647.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TDWUSEA
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.1B | $57.5M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
总资产TDWUSEA
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.1B | $144.2M | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
负债/权益比TDWUSEA
| Q4 25 | 0.49× | — | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $153.0M | $-444.0K |
| 自由现金流经营现金流 - 资本支出 | $147.8M | $-477.0K |
| 自由现金流率自由现金流/营收 | 43.9% | -26.1% |
| 资本支出强度资本支出/营收 | 1.5% | 1.8% |
| 现金转化率经营现金流/净利润 | 0.70× | -0.41× |
| 过去12个月自由现金流最近4个季度 | $353.3M | — |
8季度趋势，按日历期对齐
经营现金流TDWUSEA
| Q4 25 | $153.0M | — | ||
| Q3 25 | $54.7M | $-444.0K | ||
| Q2 25 | $85.4M | — | ||
| Q1 25 | $86.0M | — | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $49.0M | — | ||
| Q2 24 | $78.6M | — | ||
| Q1 24 | $54.8M | — |
自由现金流TDWUSEA
| Q4 25 | $147.8M | — | ||
| Q3 25 | $49.6M | $-477.0K | ||
| Q2 25 | $80.2M | — | ||
| Q1 25 | $75.7M | — | ||
| Q4 24 | $95.5M | — | ||
| Q3 24 | $43.3M | — | ||
| Q2 24 | $72.3M | — | ||
| Q1 24 | $43.8M | — |
自由现金流率TDWUSEA
| Q4 25 | 43.9% | — | ||
| Q3 25 | 14.5% | -26.1% | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 22.7% | — | ||
| Q4 24 | 27.7% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 13.6% | — |
资本支出强度TDWUSEA
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.5% | 1.8% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 3.4% | — |
现金转化率TDWUSEA
| Q4 25 | 0.70× | — | ||
| Q3 25 | — | -0.41× | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 2.71× | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.56× | — | ||
| Q1 24 | 1.16× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
