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Tidewater Inc. TDW R2K

Energy · Oil & Gas Equipment & Services · United States
https://www.tdw.com

Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide. The company operates through five segments: Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. It offers phases of offshore crude oil and natural gas exploration, field development, production, maintenance, and windfarm development and maintenance activities; towing and anchor handling for mobile offshore drilling units; transportation of supplies and personnel necessary to sustain drilling, workover, and production operations; and field abandonment, dismantlement, and restoration activities. The company also provides offshore construction; seismic and subsea support; various other specialized services, such as pipe laying, cable laying, and geotechnical survey support for windfarm construction. Its vessels consist of anchor handling towing supply vessels, platform supply vessels, and other specialty vessels, as well as crew boats, utility vessels, and offshore tugs. The company serves integrated and independent oil and gas exploration, development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations engaged in the exploration, development, and production of oil and gas; offshore drilling contractors; and other companies that provide services to the offshore energy industry comprising offshore construction companies, windfarm development companies, diving companies, and well stimulation companies. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.

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$73.49
+85.07% 1Y

Market & Price

Market Cap
$3.65B
Current Price
$73.49
High / Low (52W)
$91.12 / $39.71
Beta
0.57

Valuation

Stock P/E
12.39
Industry PE
18.25
Forward P/E
11.73
PEG Ratio
-
Book Value
$27.55
Price to Book
2.67
P/S
2.72
EV/EBITDA
8.86
Dividend Yield
-

Profitability & Returns

ROCE
13.82%
ROE
24.01%
ROA
7.47%
Profit Margin
22.16%
Op Margin
-8.66%
EPS (Latest Qtr)
$0.12
EPS (TTM)
$5.93

Balance Sheet & Liquidity

Debt/Equity
0.45
Quick Ratio
3.16
Current Ratio
3.33
Debt
$447.94M
Total Assets
$2.39B
Current Assets
$914.13M
Working Capital
$598.90M

Ownership

Promoter Holding
1.80%
Chg in Prom Hold
-
FII / Inst Holding
109.65%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$3.66B
Total Revenue (TTM)
$1.35B
EBITDA
$413.20M
Free Cash Flow
$385.10M
Operating Cash Flow
$317.88M
Shares Outstanding
49.73M
Gross Margin
48.90%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
27.83%
Profit 5Y
546.25%
Revenue (YoY)
-43.10%
Earnings (YoY)
-

PROS

  • Strong return on equity of 24.0%.
  • Excellent profit margin of 22.2%.
  • Compounding revenue at 27.8% over 5 years.
  • Profit CAGR of 546.2% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Energy).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TDW Tidewater Inc. R2K 73.49 12.39 $3.65B - 13.82% 24.01% 27.83% 546.25%
2 XOM Exxon Mobil Corporation SPX 145.26 24.45 $602.10B 2.84% 11.12% 9.87% -6.69% -19.72%
3 CVX Chevron Corporation SPX 182.46 31.73 $363.39B 3.90% 7.21% 6.64% -7.85% -29.74%
4 COP ConocoPhillips SPX 113.98 19.32 $138.86B 2.95% 12.63% 11.28% -9.11% -24.66%
5 WMB The Williams Companies, Inc. SPX 71.39 31.31 $87.31B 2.94% 9.66% 19.66% 2.91% 8.51%
6 SLB SLB N.V. SPX 54.55 24.03 $81.56B 2.16% 12.08% 14.07% 8.33% -0.65%
7 VLO Valero Energy Corporation SPX 244.82 17.88 $72.70B 1.96% 8.12% 15.85% -11.40% -41.16%
8 MPC Marathon Petroleum Corporation SPX 248.77 16.37 $72.63B 1.57% 13.11% 27.46% -9.23% -34.67%
9 EOG EOG Resources, Inc. SPX 133.38 13.13 $71.04B 3.06% 14.00% 18.20% -8.51% -13.74%
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Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ---------74.30M-91.49M105.60M99.19M-122.15M125.86M119.77M-116.37M102.34M86.47M83.50M89.95M92.40M105.73M163.45M191.76M193.10M214.96M299.26M321.16M339.23M--333.44M341.43M341.11M336.80M326.22M
Cost of Revenue -----------------------------------231.84M234.78M243.79M238.94M233.57M
Gross Profit 33.20M25.08M8.64M--23.67M-21.43M-26.05M--29.90M-922.00K--1.14M7.65M2.85M-4.31M8.32M1.48M--3.62M568.00K--16.85M------------101.60M106.66M97.33M97.86M92.66M
Operating Expenses -----------------------------------29.09M31.21M35.26M30.62M33.56M
Operating Income 14.09M-17.64M-9.40M-56.57M-66.14M-155.34M-287.03M-69.34M-205.37M-5.78M-18.09M-12.19M-140.00K-25.09M-70.08M-9.62M-4.39M-22.55M-50.04M-18.53M-117.75M-25.18M-26.30M-20.16M-21.56M-7.31M1.84M19.06M24.50M38.95M55.67M81.90M78.13M--72.51M75.44M62.07M67.24M59.10M
EBITDA -----------------------------------123.79M131.64M74.62M107.39M96.27M
Interest Expense -----------------------------------16.34M16.44M16.59M16.71M16.89M
Pretax Income -----------------------------------68.43M78.29M20.69M52.84M40.88M
Tax Provision -----------------------------------26.11M5.58M21.71M-166.61M34.90M
Net Income -15.05M-43.84M-19.51M-81.79M-89.10M-178.49M-297.68M-94.86M-524.43M-15.69M-23.57M-39.17M-10.94M-30.90M-90.51M-21.73M-15.96M-44.20M-59.85M-18.45M-110.62M-37.93M-35.31M-29.46M-26.26M-12.17M-25.58M5.38M10.74M22.58M26.20M47.03M50.35M--42.65M72.93M-806.00K219.88M6.14M
Diluted EPS -0.32-0.93-0.42-1.74-1.89-3.79-6.32-2.01-11.13-0.81-1.02-1.67-0.44-1.16-2.83-0.58-0.42-1.15-1.52-0.46-2.74-0.94-0.87-0.72-0.64-0.29-0.610.100.210.430.490.890.94--0.831.46-0.024.410.12

Profit & Loss (Annual)

Figures in USD.

Metric Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------406.52M486.55M397.04M-647.68M1.01B1.35B1.35B
Cost of Revenue -------------518.59M741.19M939.43M949.34M
Gross Profit ---167.21M251.72M296.88M285.93M69.57M-59.38M6.07M6.89M-29.67M-129.09M268.80M406.40M403.44M
Operating Expenses -------------99.90M94.19M110.10M126.19M
Operating Income 465.47M240.33M139.34M113.55M206.23M201.54M-37.18M-69.52M-577.85M-107.50M-86.60M-186.80M-29.20M174.60M296.30M277.26M
EBITDA -------------98.40M316.18M458.62M437.43M
Interest Expense -------------17.19M48.47M72.97M66.09M
Pretax Income --------------2.31M138.93M229.49M220.25M
Tax Provision -------------19.89M43.31M50.22M-113.21M
Net Income 406.90M259.48M105.62M87.41M150.75M140.25M-65.19M-160.18M-660.12M-171.52M-141.74M-196.24M--21.75M97.19M180.66M334.66M
Diluted EPS 7.895.022.051.703.032.82-1.34-3.41-14.02-6.45-3.71-4.86--0.491.843.406.64

Compounded Sales Growth

5 Years:27.83%
1 Year:-43.10%

Compounded Profit Growth

5 Years:546.25%
1 Year:-

Stock Price Performance

1 Year:+85.07%
6 Months:+40.81%
3 Months:-7.47%
1 Month:-16.80%

Balance Sheet (Annual)

Figures in USD.

Metric Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Jul 2017Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --3.29B3.75B4.06B4.17B4.89B4.75B4.98B4.19B3.88B1.76B1.83B1.58B1.25B-1.30B2.06B2.07B2.39B
Current Assets ----------------377.91M591.13M698.66M914.13M
Cash & Equivalents 270.20M250.79M223.07M245.72M320.71M40.57M60.36M78.57M678.44M706.40M-432.04M371.79M218.29M149.93M-164.19M274.44M324.92M578.76M
Inventory ----------------30.83M31.93M34.32M38.48M
Receivables ----------------156.47M268.35M323.81M285.37M
Total Liabilities ----------------431.67M1.03B963.72M1.03B
Current Liabilities --204.71M183.59M238.93M266.63M401.68M482.23M2.45B2.33B-220.13M158.35M185.68M183.18M-194.79M328.73M331.61M315.24M
Long Term Debt --275.00M700.00M950.00M1.00B1.51B1.52B---443.06M430.44M279.04M164.93M-169.04M631.36M571.71M649.05M
Total Debt ----------------169.04M734.44M637.10M679.26M
Total Equity 1.93B2.24B2.46B2.51B2.53B2.56B2.68B2.47B2.30B1.63B-1.02B1.14B1.01B822.12M-865.97M1.04B1.11B1.37B
Shares Outstanding ----------------50.55M52.26M51.46M49.57M

Cash Flows (Annual)

Figures in USD.

Metric Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 523.89M328.26M264.21M222.42M213.92M----3.94M-31.42M3.99M-40.23M104.19M282.47M379.11M
Investing Cash Flow -434.06M-298.48M-569.94M-315.08M-413.49M----68.53M10.85M23.40M--23.81M-610.27M-188.00K-7.48M
Financing Cash Flow -109.25M-57.50M328.39M167.65M-80.58M-----128.06M-149.56M-99.77M--2.72M615.56M-222.59M-135.96M
Capital Expenditure -473.68M-451.97M-615.29M-357.11M-440.57M-594.70M-364.19M-194.49M-25.50M-21.39M-18.00M-14.90M--16.64M-31.59M-27.58M-25.76M
Free Cash Flow 50.21M-123.71M-351.08M-134.69M-226.65M-----17.45M-49.42M-10.91M-23.59M72.61M254.89M353.35M
Net Change in Cash -------------13.70M109.48M59.69M235.67M
Share Buybacks 53.63M-19.99M35.02M85.03M-100.00M-----0035.02M90.74M90.09M
Dividends Paid 51.52M51.73M51.48M51.26M49.59M49.82M48.83M35.39M---------

Ratios (Annual)

Figures in %.

Metric Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------1.5%1.4%-7.5%-19.9%26.6%30.2%29.8%
Operating Margin % ----------26.4%-17.8%-47.0%-4.5%17.3%22.0%20.5%
Net Margin % ----------42.2%-29.1%-49.4%--3.4%9.6%13.4%24.7%
ROE % 18.1%10.5%4.2%3.5%5.9%5.2%-2.6%-7.0%-40.4%-15.0%-14.0%-23.9%--2.5%9.4%16.2%24.5%
ROCE % -7.8%3.9%3.0%5.3%4.5%-0.9%-2.7%-31.0%-6.4%-6.2%-17.5%-2.6%10.1%17.0%13.4%

Shareholding Pattern

Insiders
1.80%
Institutions
109.65%
Public Float
111.67%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 14.57% 7.24M $532.42M
2 Neuberger Berman Group, LLC 6.58% 3.27M $240.41M
3 Price (T.Rowe) Associates Inc 6.45% 3.21M $235.70M
4 Robotti Robert 5.87% 2.92M $214.64M
5 Vanguard Portfolio Management LLC 5.28% 2.63M $193.03M
6 State Street Corporation 3.92% 1.95M $143.19M
7 Vanguard Capital Management LLC 3.91% 1.94M $142.78M
8 Dimensional Fund Advisors LP 3.70% 1.84M $135.13M
9 UBS Group AG 3.04% 1.51M $111.07M
10 American Century Companies Inc 2.68% 1.34M $98.13M

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