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TDWTidewater Inc.
$67.03$3.3B
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TDW logoTidewater Inc.(TDW)Earnings, Financials & Key Ratios

TDW•NYSE
$67.03
10.1× P/E·Price updated Jul 7, 2026
SectorEnergyIndustryOilfield ServicesSub-IndustryOffshore Services and Contract Drilling
AboutTidewater Inc., together with its subsidiaries, provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying. The company operates and charters deepwater vessels, including platform supply and horsepower anchor handling tug supply vessels for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms; towing-supply vessels for use in intermediate and shallow waters; and crew boats, utility vessels, and offshore tugs to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other installations. It also operates offshore tugs for use in tow floating drilling rigs and barges; and assisting in the docking of tankers, as well as in pipe and cable laying, and construction barges. The company serves oil and natural gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations, and other related companies; drilling contractors; and other companies, such as offshore construction, windfarm development, diving, and well stimulation companies. As of December 31, 2021, it owned 135 vessels. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.Show more
  • Revenue$1.35B+0.5%
  • EBITDA$552M+18.2%
  • Net Income$335M+85.2%
  • EPS (Diluted)6.64+95.3%
  • Gross Margin30.78%+1.9%
  • EBITDA Margin40.84%+17.6%
  • Operating Margin21.45%-7.3%
  • Net Margin24.74%+84.3%
  • ROE27.07%+61.0%

TDW Price & Volume

Tidewater Inc. (TDW) stock price & volume — 10-year historical chart

Loading chart...

Stagnant Revenue Growth Challenges Operational Margin Stability

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Decelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cyclical day rate volatility

Key Thesis Takeaways

  • Tidewater faces a complex outlook characterized by decelerating top-line growth, which contracted by 2.2% in 2026Q1, and persistent margin pressure as vessel operating expenses continue to weigh on profitability.
  • While the company has successfully improved its balance sheet resilience by reducing the debt-to-equity ratio to 0.48, the extreme volatility in cash conversion and net income suggests significant underlying operational risks.
  • Investors should monitor whether the current liquidity buffer, evidenced by a 3.33 current ratio, can sustain the firm through ongoing cyclical day rate fluctuations and capital-intensive fleet maintenance requirements.

Verdict Logic

while the balance sheet has improved with a current ratio of 3.33, the significant volatility in earnings and the recent 2.2% revenue contraction suggest that the company's core operational performance remains highly susceptible to cyclical industry headwinds.

TDW Growth Metrics

Tidewater Inc. (TDW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.29%
5 Years27.78%
3 Years27.83%
TTM-0.92%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM69.13%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM78.85%

Return on Capital

10 Years-1.64%
5 Years7.82%
3 Years15.32%
Last Year15.21%

TDW Recent Earnings

Tidewater Inc. (TDW) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 4, 2026
Metric
Actual
Est
EPS
$0.12-84.0%
$0.75
Rev
$326M+1.0%
$323M
Q2 2026
Mar 2, 2026
Metric
Actual
Est
EPS
$0.33-55.8%
$0.75
Rev
$337M+1.7%
$331M
Q4 2025
Nov 10, 2025
Metric
Actual
Est
EPS
$0.53+15.2%
$0.46
Rev
$341M+3.1%
$331M
Q3 2025
Aug 4, 2025
Metric
Actual
Est
EPS
$1.23+339.3%
$0.28
Rev
$341M+3.8%
$329M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 4, 2026
$0.12vs $0.75-84.0%
$326Mvs $323M+1.0%
Q2 2026Mar 2, 2026
$0.33vs $0.75-55.8%
$337Mvs $331M+1.7%
Q4 2025Nov 10, 2025
$0.53vs $0.46+15.2%
$341Mvs $331M+3.1%
Q3 2025Aug 4, 2025
$1.23vs $0.28+339.3%
$341Mvs $329M+3.8%
Based on last 12 quarters of dataView full earnings history →

Latest TDW News

Recent stock market news and headlines for Tidewater Inc. (TDW)

GlobeNewsWire·Jun 29, 2026
FTAI Infrastructure Announces Acquisition of Tidewater Logistics

NEW YORK, June 29, 2026 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ: FIP) (the “Company” or “FIP”) announced today that it has completed the acquisition of AP Shale Logistics ManagementCo LLC, doing business as Tidewater Logistics (“Tidewater”), a barge and rail transloading company with operations in Ohio, West Virginia, and Texas. The Company acquired Tidewater for a cash consideration of approximately $45 million, funded through an upsizing of FIP's existing term loan with existing lenders.

Peers Comparison

Key metrics vs top competitors for Tidewater Inc. (TDW)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TDW logoTDWTidewater Inc.Current
$67.03$3.33B10.090.52%24.74%27.07%—
OII logoOIIOceaneering International, Inc.
$39.88$3.98B11.434.62%12.12%34.32%—
SOLV logoSOLVSolventum Corporation
$76.28$13.21B8.590.86%17.33%30.71%—
VTOL logoVTOLBristow Group Inc.
$42.76$1.25B9.905.3%7.51%11.1%—
SLB logoSLBSLB N.V.
$46.42$69.4B19.75-1.6%9.2%12.82%—
HAL logoHALHalliburton Company
$33.79$28.23B22.53-3.31%6.95%14.59%—

Compare TDW vs Peers

Tidewater Inc. (TDW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs OII

Most directly comparable listed peer for TDW.

Scale Benchmark

vs XOM

Larger-name benchmark to compare TDW against a more recognizable public peer.

Peer Set

Compare Top 5

vs OII, SOLV, VTOL, SLB

TDW SEC Filings & Documents

Tidewater Inc. (TDW) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 4, 2026·SEC

Material company update

Mar 19, 2026·SEC

Material company update

Mar 2, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 2, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 4, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 4, 2025·SEC

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TDW Frequently Asked Questions

Tidewater Inc. (TDW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Tidewater Inc.'s revenue?

Tidewater Inc. (TDW) reported $1.35B in revenue for fiscal year 2025. This represents a 26% increase from $1.07B in 2011.

How fast is Tidewater Inc. growing?

Tidewater Inc. (TDW) grew revenue by 0.5% over the past year. Growth has been modest.

Is TDW profitable?

Yes, Tidewater Inc. (TDW) is profitable, generating $298.1M in net income for fiscal year 2025 (24.7% net margin).

Dividend & Returns
What is TDW's return on equity?

Tidewater Inc. (TDW) has a return on equity (ROE) of 27.1%. This is excellent, indicating efficient use of shareholder capital.

What is Tidewater Inc.'s free cash flow?

Tidewater Inc. (TDW) generated $281.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in TDW back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →