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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%
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 (at or above 1.5: strong)
Debt/Equity 0.47 (at or below 0.5: strong)
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%) (below 0%: weak)
Next Y EPS Growth 123.28% (at or above 15%: strong)
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
EV/Sales is 3.0×, against a ten-year median of 2.0×; over the ten years it ranged from 0.6× in 2020 to 13.6× in 2016.
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.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Tidewater Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

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.

Tidewater Inc. (TDW) Latest News

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stockrow.com/TDW · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com