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Tidewater TDW Operating margin

Operating margin at other companies

International Seaways, Inc. logo
International Seaways, Inc.INSW
58.3%+16.5pp
Transocean logo
TransoceanRIG
-18.7%+27.1pp
Valaris logo
ValarisVAL
16%-3.0pp
Noble Corporation logo
Noble CorporationNE
14.2%-6.6pp
Oceaneering International logo
Oceaneering InternationalOII
10.3%0.0pp
Helmerich & Payne logo
Helmerich & PayneHP
3.3%-13.2pp

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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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×

Where this comes from

Calculated from Tidewater’s reported figures.

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 operating margin?
Tidewater (TDW) reported operating margin of 20.9% in Q4 2025.
How has Tidewater's operating margin changed year-over-year?
Tidewater's operating margin decreased by 9.7% year-over-year, from 23.1% to 20.9%.
What is the long-term trend for Tidewater's operating margin?
Over 2 years (2023 to 2025), Tidewater's operating margin has grown at a 7.6% compound annual growth rate (CAGR), from 18% to 20.9%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.