Saturday 17 October 2026 Export TDW’s income statement to Excel — free account

Tidewater Inc.

TDW Energy Oil & Gas Equipment & Services

Tidewater Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 0.52% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 70.1%, free cash flow fell 15.9% and total debt rose 4.47%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for five.

79.50 0.32 +0.40%

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Market cap: $3.9B
P/E: 16.0×
Fwd P/E: 23.4×
Dividend yield: —
F-score: 7/9
Altman Z: 2.56
Beneish M: −2.39
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 9.55

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	2	2	—	—	—	—	2	3	—

Insider Ownership 5.88%

Capital & Financial Ratios $m

Market Cap 3,940.00

Revenue 1,346.42

Net Income 245.49

Free Cash Flow 274.96

Net Debt 39.66

Current Ratio 3.58

Debt/Equity 0.47

P/E ratio 15.96

Fwd P/E 23.40

P/S ratio 2.94

P/B ratio 2.85

Past 5Y EPS Growth —

This Y EPS Growth (57.85%)

Next Y EPS Growth 123.28%

Next Y revenue growth 7.26%

Next 5Y EPS Growth 5.48%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 42.63%

10-year low 10-year high

P/S against its own 10 years 70.84%

10-year low 10-year high

P/B against its own 10 years 77.92%

10-year low 10-year high

EV/Sales against its own 10 years 67.42%

10-year low 10-year high

EV/FCF against its own 10 years 33.00%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	276	327	579	614
Receivables	268	324	285	307
Inventory	32	34	38	30
Other	—	—	—	—
	591	699	914	967

	2023	2024	2025	Q'26
Payables	45	71	66	63
ST’ Debt	103	65	6	6
Other	55	65	90	68
	329	332	315	270

Compound Annual Growth %

	10y	5y	3y
Sales	3.29%	27.78%	27.83%
Cash Flow	4.11%	148.68%	111.23%
Earnings	0.00%	0.00%	0.00%
Book Value	(5.11%)	10.58%	16.27%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	326	342	—	—	—
’25	333	341	341	337	1,353
’24	321	339	340	345	1,346
’23	193	215	299	303	1,010
’22	106	163	192	187	648
’21	84	90	92	105	371
’20	116	102	86	92	397

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	19	67	—	—	—
’25	80	74	72	153	379
’24	55	79	49	100	282
’23	13	10	35	47	104
’22	(12)	(22)	28	45	40
’21	6	5	(2)	7	15
’20	(28)	15	15	2	4

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	8	64	—	—	—
’25	74	76	68	136	353
’24	56	75	43	81	255
’23	10	4	21	38	73
’22	(13)	(18)	22	32	24
’21	16	23	1	1	40
’20	(21)	25	25	(1)	27

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.12	0.43	—	—	—
’25	0.83	1.46	(0.02)	4.41	6.64
’24	0.89	0.94	0.87	0.70	3.40
’23	0.21	0.43	0.49	0.70	1.84
’22	(0.29)	(0.61)	0.10	0.20	(0.49)
’21	(0.87)	(0.72)	(0.64)	(0.92)	(3.14)
’20	(0.46)	(2.74)	(0.94)	(0.72)	(4.86)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	46.45	20.37	18.36	13.23	4.09	8.48	10.70	32.65	46.50	31.17	Analyst estimates 2026–2028 Powerpack
	High	373.55	126.77	36.09	25.11	20.29	15.92	37.14	77.53	111.42	64.07
People
People	Employees	6,550	5,510	5,500	5,300	5,400	4,400	6,300	7,300	7,700	7,300
	Revenue/emp, $m	0.00	0.00	0.07	0.09	0.07	0.08	0.10	0.14	0.17	0.19
Income, $m
Income, $m	Revenue	979	330	407	487	397	371	648	1,010	1,346	1,353
	Gross margin, %	18.71	3.60	32.33	31.77	31.45	28.84	38.33	44.47	48.24	49.22
	EBT	(140)	(1,685)	(154)	(113)	(198)	(124)	(2)	139	229	220
	EBT margin, %	(14.25)	(510.37)	(37.76)	(23.33)	(49.78)	(33.36)	(0.36)	13.76	17.05	16.28
	Net income	(160)	0	(172)	(141)	(197)	(130)	(22)	96	179	333
	Depreciation	182	68	56	97	121	118	121	181	245	267
Per share, $
Per share, $	Revenue	654.67	14.93	15.29	12.74	9.84	9.05	14.68	19.58	25.66	27.03
	Earnings	(107.12)	96.92	(6.45)	(3.71)	(4.86)	(3.14)	(0.49)	1.88	3.44	6.69
	Cash flow	169.41	(2.58)	0.15	(0.82)	0.10	0.37	0.91	2.02	5.39	7.57
	Capex	0.00	0.00	0.93	0.28	0.58	0.61	(0.38)	(0.61)	(0.53)	(0.51)
	Free cash flow	169.41	(2.58)	1.08	(0.54)	0.68	0.98	0.53	1.41	4.86	7.06
	Book value	1,537.95	46.21	43.06	26.60	20.40	17.11	19.62	20.11	21.18	27.20
	Shares, m	1	22	27	38	40	41	44	52	52	50
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	37.55	15.86	7.52
	P/S	8.32	0.95	1.25	1.51	0.88	1.18	2.34	3.59	2.13	1.87
	P/B	3.14	0.48	0.44	0.72	0.42	0.63	1.75	3.49	2.58	1.86
	EV/Sales	12.61	0.94	1.35	1.65	0.98	1.23	2.35	4.04	2.36	1.93
	EV/FCF	(288.64)	(62.28)	19.18	(38.96)	14.22	11.43	64.52	56.21	12.48	7.37
Cash, $m
Cash, $m	Operating cash flow	253	(57)	4	(31)	4	15	40	104	282	379
	Capex	(194)	(12)	25	11	23	25	(17)	(32)	(28)	(26)
	Free cash flow	253	(57)	29	(21)	27	40	24	73	255	353
Balance, $m
Balance, $m	Working capital	(1,136)	625	525	352	205	185	183	262	367	599
	Total debt	2,052	448	439	289	193	169	171	734	637	655
	Net debt	1,374	(5)	41	65	41	19	6	459	310	76
	Shareholders’ equity	2,300	1,022	1,145	1,016	823	702	866	1,038	1,111	1,361
Returns, %
Returns, %	ROA	(3.21)	(75.57)	(9.56)	(8.32)	(13.87)	(10.99)	(1.82)	5.78	8.73	15.00
	ROIC	0.00	0.00	(5.66)	(5.01)	(13.51)	(8.24)	1.92	7.61	13.69	12.29
	ROE	(6.96)	(168.22)	(15.83)	(13.12)	(21.33)	(16.91)	(2.77)	10.21	16.81	27.07

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SEI Solaris Energy Infrastructure, Inc.	$5.2B	61.5×	55.4×	+46.92% (above 0%: growing)	+13.33% (above 0%: growing)	−89.73% (below 0%: shrinking)	57.55%	25.76%	Compare
AROC Archrock, Inc.	$5.1B	15.9×	18.4×	−3.11% (below 0%: shrinking)	+5.56% (above 0%: growing)	+49.96% (above 0%: growing)	65.86%	34.58%	Compare
WHD Cactus, Inc.	$4.9B	51.9×	23.0×	+64.32% (above 0%: growing)	+18.64% (above 0%: growing)	+23.95% (above 0%: growing)	33.31%	18.59%	Compare
KGS Kodiak Gas Services, Inc.	$4.8B	55.5×	31.9×	+21.15% (above 0%: growing)	+22.73% (above 0%: growing)	−194.00% (below 0%: shrinking)	63.09%	31.76%	Compare
OII Oceaneering International, Inc.	$4.3B	12.6×	21.4×	+10.03% (above 0%: growing)	+20.37% (above 0%: growing)	−31.05% (below 0%: shrinking)	20.44%	11.49%	Compare
TDW Tidewater Inc.	$3.9B	16.0×	23.4×	+0.25% (above 0%: growing)	−70.07% (below 0%: shrinking)	−15.92% (below 0%: shrinking)	46.88%	18.27%
USAC USA Compression Partners, LP	$3.6B	23.9×	23.3×	+36.79% (above 0%: growing)	+40.91% (above 0%: growing)	+7.22% (above 0%: growing)	63.53%	29.34%	Compare
WBI WaterBridge Infrastructure LLC	$3.6B	356×	327×	+128.00% (above 0%: growing)	—	+14.45% (above 0%: growing)	59.80%	18.49%	Compare
EFXT Enerflex Ltd.	$3.0B	57.9×	—	−5.37% (below 0%: shrinking)	−48.98% (below 0%: shrinking)	+950.00% (above 0%: growing)	23.88%	9.97%	Compare
Median of peers	$4.6B	53.7×	23.3×	+28.97%	+18.64%	+10.84%	58.68%	22.18%

All 46 Oil & Gas Equipment & Services stocks →

Tidewater Inc. (TDW) key facts

Strength: Tidewater Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 0.52% from fiscal 2024.
Tidewater Inc. (TDW) is an Oil & Gas Equipment & Services company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, TDW traded at $79.50, a market capitalization of $3.9 billion.
Return on equity was 27.1% and debt-to-equity 0.47.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.56 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.