Tidewater (TDW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Tidewater

NYSE•Energy•Oil & Gas Equipment & Services

$88.17-3.62(-0.04%)Pre-market

Market Cap

$4.37B

P/E

17.7x

P/S

3.2x

P/B

3.1x

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.

How this company scores

GoodMetricSide Score: 76/100

Strongest: Profitability (25/25); weakest: Growth (15/25).

Profitability25/25

Growth15/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality18/25

Strengths

Strong marginsHigh ROERising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.7x5y range 7.5x – 1951.1x

Currently near its 14-quarter median.

P/S · 3.2x5y range 0.0x – 4.3x

Currently above its 20-quarter median.

P/B · 3.1x5y range 0.0x – 4.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 18.4% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $4.37B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.35B
Q. Revenue: $342.29M
TTM EBITDA: $513.76M
TTM Op. Income: $248.14M
Q. Op. Income: $62.53M
TTM Net Income: $246.88M
Q. Net Income: $21.66M
EPS: $0.44
Shares Out.: $49.74M

$1.35B in TTM revenue declined 1.0% YoY, reaching $342.29M last quarter. TTM EBITDA of $513.76M and TTM operating income of $248.14M show growth is flowing through to the bottom line. TTM net income of $246.88M means revenue is converting into profit. Over the past year, TTM revenue is down 1% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 37.7%
Op. Margin: 18.3%
Net Margin: 6.3%

Op. margin of 18.3% is down 5.4% YoY — costs are rising relative to revenue. Net margin at 6.3% Over the past year, operating margin is down 23% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.7x
P/S Ratio: 3.2x
P/B Ratio: 3.1x

At 17.7x P/E, the stock trades within typical market levels. P/S of 3.2x and P/B of 3.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.37B
Cash: $613.54M
Long-Term Debt: $647.52M
Book Value: $1.39B
D/E Ratio: 0.5
Debt/EBITDA: 5.0

With $2.37B in assets and $647.52M in long-term debt, D/E is 0.5and book value is $1.39B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $67.04M
TTM Free Cash Flow: $253.85M
FCF Margin: 18.9%
FCF / Net Income: 1.0

TTM FCF of $253.85M on $67.04M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.