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Tidewater

TDW

Tidewater is a leading global provider of offshore service vessels (OSVs) and marine transportation services to the energy industry.

Market cap
$3.91B+55.0%
Revenue$1.3B-0.9%
Net income$257.0M+17.3%
Free cash flow$287.5M+2.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 3, 2026 (In 5 days)
Revenue estimate$330.0M
EPS estimate$0.46

Financials

Q1 2026

Income statement

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Revenue$326.2M-2.2%
Net income$6.0M-92.9%

Balance sheet

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Cash & equivalents$552.3M+61.6%
Total debt$654.4M+2.9%
Total equity$1.4B+22.9%
Total assets$2.3B+13.3%

Cash flow

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Operating cash flow$19.2M-76.1%
CapEx$14.9M+45.0%
Free cash flow$4.3M-93.9%

Valuation & ratios

Valuation

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Market cap$3.91B+55.0%
Enterprise value$4.01B+39.4%
P/E15.2×+5.0×
P/S2.9×+1.0×

Profitability

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Net margin19.1%+3.0pp
FCF margin21.4%+0.7pp

Returns & leverage

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Return on equity20.7%+0.5pp
Debt / equity0.5×-0.1×
Current ratio3.3×+1.3×

Segments

By product

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Vessel$323.4M-2.2%

Competitors

Profile

Tidewater is a leading global provider of offshore service vessels (OSVs) and marine transportation services to the energy industry. The company operates a large, diversified fleet that supports all phases of offshore oil and gas exploration, production, and windfarm development. Its core value proposition lies in its extensive global footprint and mobile asset base, which allows for rapid response to changing market conditions across major offshore energy basins.

Competitive position

Tidewater maintains a leading position as one of the largest OSV operators globally, benefiting from significant economies of scale and a diverse, mobile fleet.

GeographiesAmericas, Asia Pacific, Middle East, Europe, West Africa
Customer segmentsIntegrated Oil Companies, National Oil Companies, Offshore Wind Developers, Drilling Contractors
Business modelTime Charter, Spot Market Contracting, Asset-heavy Service Provider
SuppliersShipyards and Vessel Manufacturers, Marine Engine and Technology Providers, Fuel and Lubricant Suppliers, Classification Societies
CustomersOffshore Oil and Gas Producers, Offshore Wind Farm Operators, Subsea Construction Firms, Decommissioning and Restoration Contractors
Listed2017
Employees7.3K
CEOQuintin V. Kneen
SectorEnergy
Websitetdw.com
FilingsSEC EDGAR

Questions, answered.

What is Tidewater's market cap?
Tidewater (TDW) has a market capitalization of $3.9B and trades on NYSE.
What is Tidewater's revenue and profitability?
Tidewater generated $1.3B in trailing twelve-month revenue with net income of $257.0M, representing a net margin of 19.1%, with free cash flow of $287.5M. These figures are based on the Q1 2026 filing.
Who are Tidewater's competitors?
Tidewater's key competitors include SEACOR Marine Holdings Inc., Transocean LTD., OIL STATES INTERNATIONAL, INC., and others. These companies compete in similar markets and product categories.
Who does Tidewater partner with?
Tidewater's notable partners include Eni S.p.A.
What subsidiaries does Tidewater have?
Tidewater's subsidiaries include Wilson Sons Ultratug Participações S.A, Atlantic Offshore Services S.A., Solstad Offshore ASA.
Where is Tidewater headquartered?
Tidewater is headquartered in United States of America and employs approximately 7,300 people. It has been publicly traded since 2017.