Tidewater (TDW) AI Stock Analysis

• Market Cap: $2.80B
• Dividend Yield: N/A
• Average Volume (3M): 954.31K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 1.22
• Revenue Growth: 7.76%
• EPS Growth: 26.49%
• Country: US
• Employees: 7,700
• Sector: Energy
• Sector Strength: 49
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 1.46
• Shares Outstanding: 49,492,348
• 10 Day Avg. Volume: 862,617
• 30 Day Avg. Volume: 954,311
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 1.88
• Enterprise Value/Gross Profit: 6.15
• Enterprise Value/Ebitda: 5.34
• 1Y Price Target: $72.50
• Price Target Upside: 25.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 78 Outperform
• Price Target: $67.00 ▲(15.62% Upside)

Tidewater's strong financial performance and positive earnings call are the most significant factors driving the score. The company's robust revenue growth, profitability, and strategic initiatives like debt refinancing and share repurchase enhance its market position. Technical analysis supports a bullish outlook, though valuation and near-term market challenges slightly temper the overall score.

Tidewater Business Overview & Revenue Model

Company Description

Tidewater Inc. (TDW) is a leading provider of marine support services to the global energy industry, specializing in offshore vessel services. The company operates in the offshore energy sector, providing a diverse fleet of vessels that support exploration, production, and decommissioning activities for oil and gas operators. Tidewater's core services include vessel chartering, logistics support, and marine operations, primarily in regions such as the Gulf of Mexico, the North Sea, and offshore markets worldwide.

How the Company Makes Money

Tidewater generates revenue primarily through the chartering of its fleet of vessels to energy companies engaged in offshore oil and gas exploration and production. The company has a diverse range of vessels, including supply boats, crew boats, and anchor handling tug supply (AHTS) vessels, which are leased on a contract basis. Key revenue streams include day rates for vessel charters, which can vary based on market demand, vessel type, and contract duration. Additionally, Tidewater benefits from long-term contracts with major clients in the energy sector, which provide stable revenue streams. The company may also engage in ancillary services related to logistics and marine support, further enhancing its revenue potential. Strategic partnerships with oil and gas operators and engagement in international markets are significant factors contributing to Tidewater's earnings.

Tidewater Financial Statement Overview

Summary

Tidewater demonstrates strong financial health with impressive revenue growth and operational efficiency, supported by robust cash flow generation. While the balance sheet remains stable, the leverage level requires close monitoring.

Income Statement

Tidewater has shown a robust revenue growth trajectory, with a significant increase from $647.7M in 2022 to $1.36B in TTM 2025. Gross profit margin improved to 51.98% in TTM, reflecting strong operational efficiency. The net profit margin also increased to 12.98%, indicating enhanced profitability. However, a slight decline in EBIT margin to 22.27% from 23.14% suggests some operational cost pressures despite overall strong performance.

Balance Sheet

The balance sheet reveals a healthy equity ratio of 53.89% in TTM, indicating solid financial stability. Debt-to-equity ratio stands at 0.57, reflecting a manageable leverage level for the industry. ROE is at 15.83%, showcasing effective use of equity to generate profits. The company maintains a strong asset base, but the relatively high debt level warrants cautious monitoring.

Cash Flow

Tidewater's cash flow position is robust, with a notable increase in operating cash flow to $305M in TTM. Free cash flow to net income ratio is well-positioned at 1.58, indicating strong cash generation capabilities. However, free cash flow growth rate slowed due to recent capital expenditures, reflecting ongoing investments in business expansion.

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	416.02M	406.40M	268.80M	129.09M	-7.56M	8.14M
EBITDA	479.63M	458.62M	316.18M	98.40M	-34.98M	-100.47M
Net Income	198.86M	180.66M	97.19M	-21.75M	-128.97M	-196.24M
Balance Sheet
Total Assets	2.07B	2.07B	2.06B	1.30B	1.10B	1.25B
Cash, Cash Equivalents and Short-Term Investments	369.43M	324.92M	274.44M	164.19M	149.04M	149.93M
Total Debt	625.24M	637.10M	734.44M	169.04M	167.88M	192.73M
Total Liabilities	938.14M	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	286.11M	246.27M	73.12M	23.59M	6.05M	-10.91M
Operating Cash Flow	311.85M	273.85M	104.70M	40.23M	15.01M	3.99M
Investing Cash Flow	-2.12M	-188.00K	-610.27M	-23.81M	25.06M	23.40M
Financing Cash Flow	-258.92M	-222.59M	615.56M	-2.72M	-41.01M	-99.77M

Tidewater Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 57.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 57.95 is above the 20-day moving average (MA) of 55.06, above the 50-day MA of 51.03, and above the 200-day MA of 47.90, indicating a bullish trend. The MACD of 1.96 indicates Positive momentum. The RSI at 58.54 is Neutral, neither overbought nor oversold. The STOCH value of 45.73 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	$2.80B	14.50	17.91%	―	7.76%	26.49%
OII	76 Outperform	$2.26B	11.37	27.08%	―	8.14%	62.72%
DNOW	76 Outperform	$1.59B	19.45	7.29%	―	2.78%	-63.09%
NGS	74 Outperform	$315.31M	17.86	7.00%	0.39%	14.77%	34.74%
INVX	72 Outperform	$1.12B	5.55	15.64%	―	82.86%	―
Sector *	65 Neutral	$14.81B	7.14	3.01%	5.53%	4.29%	-62.49%
HLX	64 Neutral	$840.76M	17.63	3.27%	―	-8.19%	―

Tidewater Corporate Events

Tidewater Announces $500 Million Share Buyback Program

On August 4, 2025, Tidewater Inc. announced a new $500 million share repurchase program, highlighting its strong financial performance in the first half of the year. The company reported a revenue increase to $341.4 million for the second quarter of 2025, a net income of $72.9 million, and a notable improvement in average day rates. Tidewater also completed a refinancing transaction, enhancing its financial flexibility and enabling greater shareholder returns. Despite ongoing commodity price volatility and macroeconomic uncertainty, Tidewater reiterated its 2025 revenue and gross margin guidance, supported by a strong first half and contracted future revenues.

Tidewater Closes $650M Notes Offering and Credit Facility

On July 7, 2025, Tidewater Inc. announced the closing of a $650 million offering of 9.125% senior unsecured notes due 2030 and entered into a new $250 million revolving credit facility. The proceeds from the offering were used to repay existing debt and fund the redemption of outstanding bonds, enhancing the company’s financial flexibility and positioning in the offshore support vessel industry.

Tidewater Announces $650M Senior Notes Offering

On June 24, 2025, Tidewater Inc. announced the pricing of its private offering of $650 million in unsecured senior notes due 2030, with an interest rate of 9.125% per year. The proceeds from this offering are intended to repay existing loans and bonds, potentially improving the company’s financial structure and reducing interest expenses, which could positively impact its operations and market positioning.

Tidewater Announces $650M Senior Notes Offering

On June 23, 2025, Tidewater Inc. announced a private offering of $650 million in senior notes due 2030, aimed at refinancing existing debts and covering related expenses. The company also secured commitments for a new $250 million revolving credit facility, contingent on the completion of the offering and the repayment of existing loans, which could enhance its financial flexibility and strengthen its market position.

Tidewater Announces Executive Changes and Director Elections

Tidewater Inc. announced that David Darling, Executive Vice President & Chief Operating Officer, will step down from his role effective June 30, 2025, as part of a succession plan. He will assist in the transition over the next 18 months, receiving a monthly payment and severance benefits. Additionally, at the company’s annual meeting on June 5, 2025, stockholders elected eight directors, approved executive compensation, and ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm.