Symbols / TDW $85.64 +2.11% Tidewater Inc.

Energy • Oil & Gas Equipment & Services • United States • NYQ
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About

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.

Fundamentals
Scroll to Statements
Market Cap 4.25B Enterprise Value 4.25B Income 334.66M Sales 1.35B Book/sh 27.55 Cash/sh 8.93
Dividend Yield — Payout 0.00% Employees 7300 IPO — P/E 12.90 Forward P/E 14.21
PEG — P/S 3.14 P/B 3.11 P/C — EV/EBITDA 9.97 EV/Sales 3.14
Quick Ratio 2.74 Current Ratio 2.90 Debt/Eq 45.45 LT Debt/Eq — EPS (ttm) 6.64 EPS next Y 6.03
EPS Growth — Revenue Growth -43.10% Earnings 2026-05-04 ROA 7.76% ROE 26.97% ROIC —
Gross Margin 49.22% Oper. Margin -8.66% Profit Margin 24.74% Shs Outstand 49.57M Shs Float 46.47M Short Float 12.17%
Short Ratio 4.24 Short Interest — 52W High 89.00 52W Low 34.02 Beta 0.56 Avg Volume 842.90K
Volume 395.40K Target Price $82.29 Recom Hold Prev Close $83.87 Price $85.64 Change 2.11%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$82.29
Mean price target
2. Current target
$85.64
Latest analyst target
3. DCF / Fair value
$160.87
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$85.64
Low
$52.00
High
$117.00
Mean
$82.29

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-01 init Barclays — → Equal-Weight $80
2026-03-04 main Evercore ISI Group In-Line → In-Line $94
2025-11-12 main Evercore ISI Group In-Line → In-Line $65
2025-08-06 main Evercore ISI Group In-Line → In-Line $67
2025-07-14 down BTIG Buy → Neutral —
2025-05-07 main Raymond James Outperform → Outperform $70
2025-01-15 down Evercore ISI Group Outperform → In-Line $68
2024-11-11 down Raymond James Strong Buy → Outperform $102
2024-08-08 main Raymond James Strong Buy → Strong Buy $138
2024-05-10 main BTIG Buy → Buy $130
2024-03-19 main BTIG Buy → Buy $110
2024-03-04 main Evercore ISI Group Outperform → Outperform $89
2024-02-09 init Johnson Rice — → Buy $88
2024-01-30 init Pickering Energy Partners — → Outperform —
2023-09-20 main BTIG Buy → Buy $90
2023-07-14 init Raymond James — → Strong Buy $85
2023-06-21 init BTIG — → Buy $75
2016-10-25 down Argus Research Hold → Sell —
2016-08-10 down Johnson Rice Accumulate → Hold —
2016-05-27 down IBERIA Capital Partners Outperform → Sector Perform $4
News
RSS: Latest TDW news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 ROBOTTI ROBERT EDWARD Director — 374 $83.44 $31,207
2026-04-01 COUGLE MELISSA Director — 374 $83.44 $31,207
2026-03-18 KNEEN QUINTIN V Chief Executive Officer — 91,513 $75.27 $6,888,184
2026-03-18 RUBIO SAMUEL R Chief Financial Officer — 16,063 $75.27 $1,209,062
2026-03-18 HUDSON DANIEL ALLEN General Counsel — 14,648 $75.27 $1,102,555
2026-03-18 MIDDLETON PIERS DAYER Chief Operating Officer — 6,643 $75.27 $500,019
2026-03-17 ROBOTTI ROBERT EDWARD Director — 10,000 $0.00 $0
2026-03-05 RUBIO SAMUEL R Chief Financial Officer — 22,461 $80.05 $1,798,003
2026-03-05 HUDSON DANIEL ALLEN General Counsel — 5,195 $80.56 $418,509
2026-02-23 HUDSON DANIEL ALLEN General Counsel — 15,000 $77.50 $1,162,500
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,352.79
+0.52%
1,345.84
+33.25%
1,009.99
+55.94%
647.68
Operating Revenue
1,338.93
+0.10%
1,337.64
+33.90%
998.99
+55.75%
641.40
Cost Of Revenue
949.34
+1.05%
939.43
+26.75%
741.19
+42.92%
518.59
Reconciled Cost Of Revenue
949.34
+1.05%
939.43
+26.75%
741.19
+42.92%
518.59
Gross Profit
403.44
-0.73%
406.40
+51.19%
268.80
+108.22%
129.09
Operating Expense
126.19
+14.61%
110.10
+16.89%
94.19
-5.71%
99.90
Selling General And Administration
126.19
+14.61%
110.10
+16.89%
94.19
-5.71%
99.90
General And Administrative Expense
126.19
+14.61%
110.10
+16.89%
94.19
-5.71%
99.90
Salaries And Wages
76.00
+13.16%
67.16
+33.40%
50.34
+2.94%
48.91
Other Gand A
50.19
+16.87%
42.95
-2.06%
43.85
-14.00%
50.99
Total Expenses
1,075.53
+2.48%
1,049.53
+25.64%
835.38
+35.07%
618.49
Operating Income
277.26
-6.43%
296.30
+69.70%
174.60
+498.02%
29.20
Total Operating Income As Reported
282.60
-9.23%
311.35
+70.87%
182.22
+582.25%
26.71
EBITDA
437.43
-4.62%
458.62
+45.05%
316.18
+221.31%
98.40
Normalized EBITDA
436.52
-4.87%
458.85
+48.05%
309.94
+162.89%
117.89
Reconciled Depreciation
151.09
-3.25%
156.17
+21.27%
128.78
+54.18%
83.52
EBIT
286.33
-5.33%
302.45
+61.39%
187.40
+1159.25%
14.88
Total Unusual Items
0.91
+494.35%
-0.23
-103.69%
6.24
+132.02%
-19.49
Total Unusual Items Excluding Goodwill
0.91
+494.35%
-0.23
-103.69%
6.24
+132.02%
-19.49
Special Income Charges
-21.78
-244.73%
15.05
+97.69%
7.61
+405.79%
-2.49
Other Special Charges
27.11
—
—
—
Impairment Of Capital Assets
—
0.00
0.00
-100.00%
0.71
Restructuring And Mergern Acquisition
8.35
+1065.50%
0.72
-34.31%
1.09
-46.17%
2.02
Write Off
—
—
0.00
0.00
Net Income
334.66
+85.25%
180.66
+85.89%
97.19
+546.85%
-21.75
Pretax Income
220.25
-4.03%
229.49
+65.18%
138.93
+6122.06%
-2.31
Net Non Operating Interest Income Expense
-57.92
+13.01%
-66.58
-58.70%
-41.95
-255.79%
-11.79
Interest Expense Non Operating
66.09
-9.42%
72.97
+50.53%
48.47
+181.99%
17.19
Net Interest Income
-57.92
+13.01%
-66.58
-58.70%
-41.95
-255.79%
-11.79
Interest Expense
66.09
-9.42%
72.97
+50.53%
48.47
+181.99%
17.19
Interest Income Non Operating
8.17
+27.98%
6.38
-2.06%
6.52
+20.75%
5.40
Interest Income
8.17
+27.98%
6.38
-2.06%
6.52
+20.75%
5.40
Other Income Expense
0.91
+494.35%
-0.23
-103.66%
6.28
+131.86%
-19.71
Gain On Sale Of Security
22.68
+248.49%
-15.28
-1015.04%
-1.37
+91.94%
-17.00
Tax Provision
-113.21
-325.44%
50.22
+15.95%
43.31
+117.78%
19.89
Tax Rate For Calcs
0.00
-4.03%
0.00
-29.80%
0.00
+48.44%
0.00
Tax Effect Of Unusual Items
0.19
+478.46%
-0.05
-102.59%
1.95
+147.53%
-4.09
Net Income Including Noncontrolling Interests
333.45
+86.00%
179.27
+87.48%
95.62
+530.86%
-22.19
Net Income From Continuing Operation Net Minority Interest
334.66
+85.25%
180.66
+85.89%
97.19
+546.85%
-21.75
Net Income From Continuing And Discontinued Operation
334.66
+85.25%
180.66
+85.89%
97.19
+546.85%
-21.75
Net Income Continuous Operations
333.45
+86.00%
179.27
+87.48%
95.62
+530.86%
-22.19
Minority Interests
1.21
-12.72%
1.38
-11.51%
1.56
+252.25%
0.44
Normalized Income
333.94
+84.67%
180.84
+94.68%
92.89
+1562.57%
-6.35
Net Income Common Stockholders
334.66
+85.25%
180.66
+85.89%
97.19
+546.85%
-21.75
Diluted EPS
6.64
+95.29%
3.40
+84.78%
1.84
+475.51%
-0.49
Basic EPS
6.69
+94.48%
3.44
+82.98%
1.88
+483.67%
-0.49
Basic Average Shares
50.05
-4.57%
52.45
+1.67%
51.59
+16.90%
44.13
Diluted Average Shares
50.43
-4.97%
53.07
+0.25%
52.94
+19.95%
44.13
Diluted NI Availto Com Stockholders
334.66
+85.25%
180.66
+85.89%
97.19
+546.85%
-21.75
Earnings From Equity Interest
0.00
0.00
-100.00%
0.04
+117.65%
-0.22
Gain On Sale Of PPE
13.68
-13.20%
15.76
+81.15%
8.70
+3380.40%
0.25
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,386.91
+15.04%
2,074.90
+0.59%
2,062.77
+58.96%
1,297.66
Current Assets
914.13
+30.84%
698.66
+18.19%
591.13
+56.42%
377.91
Cash Cash Equivalents And Short Term Investments
578.76
+78.13%
324.92
+18.39%
274.44
+67.14%
164.19
Cash And Cash Equivalents
578.76
+78.13%
324.92
+18.39%
274.44
+67.14%
164.19
Receivables
285.37
-11.87%
323.81
+20.66%
268.35
+71.51%
156.47
Accounts Receivable
285.37
-11.87%
323.81
+20.66%
268.35
+71.51%
156.47
Gross Accounts Receivable
288.41
-11.80%
326.99
+15.03%
284.27
+66.70%
170.53
Allowance For Doubtful Accounts Receivable
-3.03
+4.71%
-3.18
+79.99%
-15.91
-13.19%
-14.06
Inventory
38.48
+12.13%
34.32
+7.47%
31.93
+3.58%
30.83
Raw Materials
38.48
+12.13%
34.32
+7.47%
31.93
+3.58%
30.83
Prepaid Assets
—
—
—
—
Restricted Cash
0.00
-100.00%
2.03
+63.74%
1.24
+0.00%
1.24
Assets Held For Sale Current
—
—
0.00
-100.00%
4.20
Other Current Assets
11.52
-15.22%
13.59
-10.44%
15.17
-27.70%
20.98
Total Non Current Assets
1,472.78
+7.01%
1,376.24
-6.48%
1,471.64
+60.00%
919.75
Net PPE
1,072.02
-9.48%
1,184.28
-9.95%
1,315.12
+65.08%
796.65
Gross PPE
1,784.38
+1.61%
1,756.17
+0.42%
1,748.79
+58.03%
1,106.64
Accumulated Depreciation
-712.36
-24.56%
-571.88
-31.87%
-433.66
-39.90%
-309.99
Machinery Furniture Equipment
1,751.48
+1.41%
1,727.20
+0.63%
1,716.34
+60.28%
1,070.82
Other Properties
32.90
+13.57%
28.97
-10.72%
32.45
-9.41%
35.82
Non Current Deferred Assets
340.68
+118.78%
155.71
+45.94%
106.70
+74.69%
61.08
Non Current Deferred Taxes Assets
200.94
+6252.80%
3.16
—
—
Other Non Current Assets
60.08
+65.75%
36.25
-27.24%
49.82
-19.66%
62.01
Total Liabilities Net Minority Interest
1,025.66
+6.43%
963.72
-5.99%
1,025.08
+137.47%
431.67
Current Liabilities
315.24
-4.94%
331.61
+0.88%
328.73
+68.76%
194.79
Payables And Accrued Expenses
276.87
+11.01%
249.40
+16.01%
214.98
+16.95%
183.82
Payables
168.27
+3.38%
162.76
+30.86%
124.38
+9.37%
113.73
Accounts Payable
66.35
-7.06%
71.39
+58.88%
44.93
+15.37%
38.95
Other Payable
44.57
+3.03%
43.26
+23.63%
34.99
-1.23%
35.42
Current Accrued Expenses
108.60
+25.35%
86.64
-4.37%
90.60
+29.26%
70.09
Employee Benefits
15.16
-13.51%
17.52
-7.78%
19.00
+9.32%
17.38
Total Tax Payable
57.35
+19.18%
48.12
+8.23%
44.46
+12.97%
39.35
Current Debt And Capital Lease Obligation
30.21
-53.79%
65.39
-36.57%
103.08
—
Current Debt
5.84
-91.06%
65.39
-36.57%
103.08
—
Other Current Borrowings
5.84
-91.06%
65.39
—
—
Current Capital Lease Obligation
24.37
0.00
—
—
Other Current Liabilities
8.15
-51.53%
16.83
+57.66%
10.67
-2.70%
10.97
Total Non Current Liabilities Net Minority Interest
710.42
+12.39%
632.11
-9.23%
696.35
+193.97%
236.88
Long Term Debt And Capital Lease Obligation
649.05
+13.53%
571.71
-9.45%
631.36
+273.51%
169.04
Long Term Debt
649.05
+13.53%
571.71
-9.45%
631.36
+273.51%
169.04
Non Current Pension And Other Postretirement Benefit Plans
15.16
-13.51%
17.52
-7.78%
19.00
+9.32%
17.38
Tradeand Other Payables Non Current
22.86
-7.03%
24.58
-10.02%
27.32
-22.98%
35.47
Other Non Current Liabilities
23.36
+27.72%
18.29
-2.00%
18.66
+24.49%
14.99
Stockholders Equity
1,365.39
+22.55%
1,114.11
+7.20%
1,039.24
+20.01%
865.97
Common Stock Equity
1,365.39
+22.55%
1,114.11
+7.20%
1,039.24
+20.01%
865.97
Capital Stock
0.05
-3.85%
0.05
+0.00%
0.05
+1.96%
0.05
Common Stock
0.05
-3.85%
0.05
+0.00%
0.05
+1.96%
0.05
Share Issued
49.57
-3.68%
51.46
-1.53%
52.26
+3.37%
50.55
Ordinary Shares Number
49.57
-3.68%
51.46
-1.53%
52.26
+3.37%
50.55
Additional Paid In Capital
1,663.25
+0.39%
1,656.83
-0.89%
1,671.76
+7.37%
1,556.99
Retained Earnings
-305.16
+44.40%
-548.83
+13.95%
-637.84
+8.83%
-699.65
Gains Losses Not Affecting Retained Earnings
7.25
+19.60%
6.06
+15.08%
5.27
-38.60%
8.58
Minority Interest
-4.13
-41.29%
-2.93
-89.75%
-1.54
-7109.09%
0.02
Other Equity Adjustments
7.25
+19.60%
6.06
+15.08%
5.27
-38.60%
8.58
Total Equity Gross Minority Interest
1,361.25
+22.50%
1,111.18
+7.08%
1,037.70
+19.83%
865.99
Total Capitalization
2,014.44
+19.49%
1,685.82
+0.91%
1,670.60
+61.41%
1,035.00
Working Capital
598.90
+63.17%
367.05
+39.88%
262.40
+43.30%
183.12
Invested Capital
2,020.28
+15.37%
1,751.21
-1.27%
1,773.68
+71.37%
1,035.00
Total Debt
679.26
+6.62%
637.10
-13.25%
734.44
+334.49%
169.04
Net Debt
76.13
-75.61%
312.18
-32.14%
460.00
+9396.30%
4.84
Capital Lease Obligations
24.37
0.00
—
—
Net Tangible Assets
1,365.39
+22.55%
1,114.11
+7.20%
1,039.24
+20.01%
865.97
Tangible Book Value
1,365.39
+22.55%
1,114.11
+7.20%
1,039.24
+20.01%
865.97
Duefrom Related Parties Current
—
—
—
0.00
Dueto Related Parties Current
—
—
—
0.00
Interest Payable
28.70
+71.58%
16.73
-2.34%
17.13
+740.84%
2.04
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
379.11
+34.21%
282.47
+171.10%
104.19
+159.02%
40.23
Cash Flow From Continuing Operating Activities
379.11
+34.21%
282.47
+171.10%
104.19
+159.02%
40.23
Net Income From Continuing Operations
333.45
+86.00%
179.27
+87.48%
95.62
+530.86%
-22.19
Depreciation Amortization Depletion
151.09
-3.25%
156.17
+21.27%
128.78
+54.18%
83.52
Depreciation
151.09
-3.25%
156.17
+21.27%
128.78
+54.18%
83.52
Depreciation And Amortization
151.09
-3.25%
156.17
+21.27%
128.78
+54.18%
83.52
Other Non Cash Items
115.42
+30.65%
88.34
+68.68%
52.37
+45.41%
36.02
Pension And Employee Benefit Expense
0.00
0.00
+100.00%
-2.31
0.00
Stock Based Compensation
14.48
+5.86%
13.68
+27.21%
10.76
+45.89%
7.37
Asset Impairment Charge
—
0.00
0.00
-100.00%
0.71
Deferred Tax
-195.82
-6875.99%
-2.81
-3151.09%
0.09
+155.56%
0.04
Deferred Income Tax
-195.82
-6875.99%
-2.81
-3151.09%
0.09
+155.56%
0.04
Operating Gains Losses
-9.97
-570.28%
-1.49
+85.23%
-10.07
-172.31%
13.93
Gain Loss On Investment Securities
—
—
—
14.18
Net Foreign Currency Exchange Gain Loss
-23.40
-263.91%
14.28
+1410.58%
0.94
—
Change In Working Capital
-29.56
+80.38%
-150.70
+13.07%
-173.35
-118.97%
-79.17
Change In Receivables
38.43
+169.31%
-55.45
+49.48%
-109.76
-2558.17%
-4.13
Change In Inventory
-4.62
-59.02%
-2.91
-246.47%
1.98
+113.58%
-14.61
Change In Prepaid Assets
2.07
+30.56%
1.58
-72.75%
5.81
+218.66%
-4.90
Change In Payables And Accrued Expense
18.24
-46.12%
33.85
+29.90%
26.06
+72.10%
15.14
Change In Accrued Expense
23.27
+214.82%
7.39
-63.17%
20.07
+1597.91%
-1.34
Change In Payable
-5.04
-119.04%
26.45
+342.01%
5.99
-63.69%
16.48
Change In Account Payable
-5.04
-119.04%
26.45
+342.01%
5.99
-63.69%
16.48
Change In Other Working Capital
-83.30
+40.19%
-139.26
-42.80%
-97.52
-64.78%
-59.18
Change In Other Current Assets
—
—
—
—
Change In Other Current Liabilities
-0.38
-103.33%
11.49
+16556.52%
0.07
+100.60%
-11.48
Investing Cash Flow
-7.48
-3879.79%
-0.19
+99.97%
-610.27
-2463.20%
-23.81
Cash Flow From Continuing Investing Activities
-7.48
-3879.79%
-0.19
+99.97%
-610.27
-2463.20%
-23.81
Net PPE Purchase And Sale
-25.76
+6.60%
-27.58
+12.69%
-31.59
-89.87%
-16.64
Purchase Of PPE
-25.76
+6.60%
-27.58
+12.69%
-31.59
-89.87%
-16.64
Capital Expenditure
-25.76
+6.60%
-27.58
+12.69%
-31.59
-89.87%
-16.64
Net Business Purchase And Sale
0.00
0.00
+100.00%
-594.19
-2764.95%
-20.74
Purchase Of Business
0.00
0.00
+100.00%
-594.19
-2764.95%
-20.74
Net Other Investing Changes
18.28
-33.27%
27.39
+76.65%
15.51
+14.28%
13.57
Financing Cash Flow
-135.96
+38.92%
-222.59
-136.16%
615.56
+22764.06%
-2.72
Cash Flow From Continuing Financing Activities
-135.96
+38.92%
-222.59
-136.16%
615.56
+22764.06%
-2.72
Net Issuance Payments Of Debt
1.63
+101.58%
-103.03
-118.35%
561.32
0.00
Issuance Of Debt
650.00
0.00
-100.00%
575.00
0.00
Repayment Of Debt
-648.37
-529.31%
-103.03
-653.31%
-13.68
0.00
Long Term Debt Issuance
650.00
0.00
-100.00%
575.00
0.00
Long Term Debt Payments
-648.37
-529.31%
-103.03
-653.31%
-13.68
0.00
Net Long Term Debt Issuance
1.63
+101.58%
-103.03
-118.35%
561.32
0.00
Net Common Stock Issuance
-90.09
+0.72%
-90.74
-159.08%
-35.02
-118.65%
187.83
Common Stock Payments
-90.09
+0.72%
-90.74
-159.08%
-35.02
0.00
Repurchase Of Capital Stock
-90.09
+0.72%
-90.74
-159.08%
-35.02
0.00
Proceeds From Stock Option Exercised
0.00
-100.00%
0.00
-100.00%
111.48
+159.35%
-187.83
Net Other Financing Charges
-47.50
-64.76%
-28.83
-29.71%
-22.23
-718.30%
-2.72
Changes In Cash
235.67
+294.82%
59.69
-45.48%
109.48
+699.04%
13.70
Effect Of Exchange Rate Changes
16.87
+295.64%
-8.62
-1787.48%
0.51
—
Beginning Cash Position
329.03
+18.37%
277.96
+65.48%
167.98
+8.88%
154.28
End Cash Position
581.57
+76.75%
329.03
+18.37%
277.96
+65.48%
167.98
Free Cash Flow
353.35
+38.63%
254.89
+251.06%
72.61
+207.80%
23.59
Interest Paid Supplemental Data
47.81
-28.53%
66.90
+151.13%
26.64
+71.26%
15.55
Income Tax Paid Supplemental Data
60.31
+5.98%
56.91
+29.69%
43.88
+96.99%
22.27
Common Stock Issuance
—
0.00
0.00
-100.00%
187.83
Earnings Losses From Equity Investments
—
—
—
—
Issuance Of Capital Stock
—
0.00
0.00
-100.00%
187.83
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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