What is Tidewater's net margin?

Tidewater (TDW) reported net margin of 19.1% in Q1 2026.

How has Tidewater's net margin changed year-over-year?

Tidewater's net margin increased by 18.3% year-over-year, from 16.1% to 19.1%.

What is the long-term trend for Tidewater's net margin?

Over 4 years (2020 to 2025), Tidewater's net margin has grown at a -15.9% compound annual growth rate (CAGR), from -49.5% to 24.7%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Tidewater TDW Net margin

Net margin at other companies

International Seaways, Inc.INSW

55.4%+18.0pp

TransoceanRIG

-67.4%-111pp

ValarisVAL

45.4%+32.8pp

Noble CorporationNE

7.2%-6.8pp

Oceaneering InternationalOII

12.1%+5.4pp

Helmerich & PayneHP

-9.4%-16.5pp

Other financials

Income statement

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Revenue$326.2M-2.2%

Operating income$70.6M-9.2%

Net income$6.0M-92.9%

EPS (diluted)$1.66+95.3%

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

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Market cap$3.22B+90.4%

Enterprise value$3.32B+71.8%

P/E12.5×+4.8×

P/S2.4×+1.1×

Profitability

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Operating margin20.9%-2.2pp

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×

Where this comes from

Calculated from Tidewater’s reported figures.

net income/total revenue=19.1%

Based on trailing twelve months.

The official record: Tidewater’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tidewater's net margin?: Tidewater (TDW) reported net margin of 19.1% in Q1 2026.
How has Tidewater's net margin changed year-over-year?: Tidewater's net margin increased by 18.3% year-over-year, from 16.1% to 19.1%.
What is the long-term trend for Tidewater's net margin?: Over 4 years (2020 to 2025), Tidewater's net margin has grown at a -15.9% compound annual growth rate (CAGR), from -49.5% to 24.7%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.