Tidewater (TDW) AI Stock Analysis

• Market Cap: $2.91B
• Dividend Yield: N/A
• Average Volume (3M): 841.36K
• Price to Earnings (P/E): 19.8
• Beta (1Y): 1.33
• Revenue Growth: 4.42%
• EPS Growth: -13.55%
• Country: US
• Employees: 7,700
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.02
• Shares Outstanding: 49,563,156
• 10 Day Avg. Volume: 1,101,512
• 30 Day Avg. Volume: 841,361
• PEG Ratio: 0.19
• Price to Book (P/B): 2.58
• Price to Sales (P/S): 2.13
• P/FCF Ratio: 11.65
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 2.12
• Enterprise Value/Gross Profit: 6.95
• Enterprise Value/Ebitda: 6.17
• 1Y Price Target: $65.00
• Price Target Upside: 36.04% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: $62.00 ▲(29.76% Upside)

Tidewater's strong financial performance and positive earnings call guidance are the primary drivers of its score. Technical indicators suggest positive momentum, though caution is advised due to potential overbought conditions. Valuation is reasonable, but the lack of a dividend yield may deter some investors. Overall, Tidewater is well-positioned in its industry, with a solid outlook despite some short-term challenges.

Tidewater Business Overview & Revenue Model

Company Description

Tidewater Inc. (TDW) is a leading provider of marine support services to the offshore energy sector. The company operates a diverse fleet of vessels that are utilized for various services, including offshore supply, subsea services, and accommodation support. Tidewater primarily serves oil and gas companies, providing essential logistical support in the exploration, production, and maintenance of offshore oil and gas facilities. With a focus on safety, efficiency, and innovation, Tidewater aims to deliver high-quality services that meet the evolving needs of its clients in the energy market.

How the Company Makes Money

Tidewater generates revenue through several key streams, primarily from the chartering of its fleet to oil and gas companies for offshore support operations. This includes day rates charged for vessel usage, which can vary based on the type of vessel, the duration of the contract, and market demand. Additional revenue is derived from specialized services such as crew management, maintenance, and logistical support, which are often bundled with vessel charters. Tidewater also engages in long-term contracts with major energy companies, providing a stable income stream. Strategic partnerships with industry players enhance its market presence and may lead to additional revenue opportunities through collaborative projects. The company's earnings can also be influenced by the overall health of the oil and gas industry, global oil prices, and technological advancements that improve operational efficiency.

Tidewater Financial Statement Overview

Summary

Tidewater exhibits strong financial health with consistent revenue growth, robust profitability margins, and effective cash flow management. The balance sheet is stable, though the industry’s inherent leverage risks should be monitored.

Income Statement

Tidewater has demonstrated strong revenue growth with a 5.6% increase in TTM, following a significant 33.3% growth in the previous year. The company maintains healthy margins, with a gross profit margin of 35.4% and a net profit margin of 11.1% in TTM. EBIT and EBITDA margins are also robust at 22.9% and 36.2%, respectively. These figures indicate strong operational efficiency and profitability.

Balance Sheet

The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.57. Return on equity is solid at 13.4%, indicating effective use of equity to generate profits. The equity ratio stands at 53.7%, showcasing a strong equity base relative to total assets. However, the industry typically faces high leverage, which could pose risks if not managed carefully.

Cash Flow

Tidewater's cash flow performance is commendable, with an 8.2% growth in free cash flow in TTM. The operating cash flow to net income ratio is 1.21, indicating strong cash generation relative to net income. The free cash flow to net income ratio is also high at 0.92, reflecting efficient cash management. These metrics highlight the company's ability to generate and manage cash effectively.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.36B	1.35B	1.01B	647.68M	371.03M	397.04M
Gross Profit	414.98M	406.40M	268.80M	129.09M	-7.56M	8.14M
EBITDA	467.58M	458.62M	316.18M	98.40M	-34.98M	-100.47M
Net Income	151.68M	180.66M	97.19M	-21.75M	-128.97M	-196.24M
Balance Sheet
Total Assets	2.13B	2.07B	2.06B	1.30B	1.10B	1.25B
Cash, Cash Equivalents and Short-Term Investments	428.23M	324.92M	274.44M	164.19M	149.04M	149.93M
Total Debt	675.52M	637.10M	734.44M	169.04M	167.88M	192.73M
Total Liabilities	989.86M	963.72M	1.03B	431.67M	394.01M	427.90M
Stockholders Equity	1.14B	1.11B	1.04B	865.97M	701.30M	822.12M
Cash Flow
Free Cash Flow	292.30M	246.27M	73.12M	23.59M	6.05M	-10.91M
Operating Cash Flow	317.45M	273.85M	104.70M	40.23M	15.01M	3.99M
Investing Cash Flow	-1.88M	-188.00K	-610.27M	-23.81M	25.06M	23.40M
Financing Cash Flow	-190.60M	-222.59M	615.56M	-2.72M	-41.01M	-99.77M

Tidewater Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 47.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TDW, the sentiment is Positive. The current price of 47.78 is below the 20-day moving average (MA) of 51.70, below the 50-day MA of 53.46, and below the 200-day MA of 48.25, indicating a bullish trend. The MACD of 1.35 indicates Negative momentum. The RSI at 63.84 is Neutral, neither overbought nor oversold. The STOCH value of 74.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TDW.

Tidewater Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDW	78 Outperform	$2.91B	19.82	13.43%	―	4.42%	-13.55%
VAL	77 Outperform	$3.97B	10.17	17.49%	―	6.81%	-61.94%
XPRO	76 Outperform	$1.53B	22.86	4.60%	―	-1.24%	337.41%
OII	73 Outperform	$2.39B	10.47	28.92%	―	8.71%	72.09%
NOV	72 Outperform	$5.73B	15.70	5.93%	3.24%	-1.43%	-63.13%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
MRC	45 Neutral	―	―	0.28%	―	-10.96%	-169.10%

Tidewater Corporate Events

Tidewater Inc. Earnings Call: Mixed Sentiments and Future Prospects

The recent earnings call for Tidewater Inc. revealed a mixed sentiment among investors and analysts. While the company presented a positive long-term market outlook and demonstrated strong cash flow generation, these positives were tempered by short-term challenges, including a net loss due to debt charges and regional pressures on day rates.

Tidewater Inc. Reports Q3 2025 Financial Results

Tidewater Inc. is a leading provider of offshore support vessels, operating the largest fleet in the industry to support energy exploration, production, and offshore wind activities worldwide. In its latest earnings report, Tidewater Inc. announced a slight increase in revenue for the third quarter of 2025, reaching $341.1 million, a 0.2% improvement from the previous year. Despite this, the company reported a net loss of $0.8 million, primarily due to a $27.1 million loss on early debt extinguishment. However, the company achieved an adjusted EBITDA of $137.9 million, supported by a favorable foreign exchange gain. The company also generated a free cash flow of $82.7 million for the quarter.