Tidewater (TDW) AI Stock Analysis

• Market Cap: $2.60B
• Dividend Yield: N/A
• Average Volume (3M): 858.26K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.09
• Revenue Growth: 19.34%
• EPS Growth: 31.76%
• Country: US
• Employees: 7,700
• Sector: Energy
• Sector Strength: 60
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.83
• Shares Outstanding: 49,476,300
• 10 Day Avg. Volume: 729,264
• 30 Day Avg. Volume: 858,265
• PEG Ratio: -7.01
• Price to Book (P/B): 2.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.66
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 0.51
• Enterprise Value/Gross Profit: 3.83
• Enterprise Value/Ebitda: 1.31
• 1Y Price Target: $70.00
• Price Target Upside: 39.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 76 Outperform
• Price Target: $52.00 ▲(3.98%Upside)

Tidewater's strong financial performance and improved financial position through recent corporate actions are significant positives. The mixed technical indicators and regional challenges slightly temper the overall outlook, making it a solid but cautiously optimistic investment opportunity.

Tidewater Business Overview & Revenue Model

Company Description

Tidewater Inc., together with its subsidiaries, provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying. The company operates and charters deepwater vessels, including platform supply and horsepower anchor handling tug supply vessels for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms; towing-supply vessels for use in intermediate and shallow waters; and crew boats, utility vessels, and offshore tugs to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other installations. It also operates offshore tugs for use in tow floating drilling rigs and barges; and assisting in the docking of tankers, as well as in pipe and cable laying, and construction barges. The company serves oil and natural gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations, and other related companies; drilling contractors; and other companies, such as offshore construction, windfarm development, diving, and well stimulation companies. As of December 31, 2021, it owned 135 vessels. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.

How the Company Makes Money

Tidewater Inc. generates revenue primarily through the chartering of its diverse fleet of offshore support vessels to oil and gas companies. These vessels are essential for various tasks in offshore energy operations, such as transporting supplies, personnel, and equipment to and from offshore drilling rigs and production platforms. Tidewater's revenue streams are heavily influenced by the level of offshore exploration and production activity, which is in turn impacted by oil prices and energy demand. The company also enters into long-term contracts and short-term spot charters, which provides a mix of stable, predictable income and opportunities for higher earnings when market conditions are favorable. Additionally, Tidewater's strategic partnerships and alliances with major energy companies enhance its market position and access to lucrative contracts, further contributing to its financial performance.

Tidewater Financial Statement Overview

Summary

Tidewater shows strong revenue growth and operational efficiency with improved profit margins. However, a slight decline in EBIT margin and high leverage levels require 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.35B	1.01B	647.68M	371.03M	397.04M
Gross Profit	406.40M	268.80M	129.09M	-7.56M	8.14M
EBITDA	458.62M	367.73M	134.04M	6.34M	-56.80M
Net Income	180.66M	97.19M	-21.75M	-128.97M	-196.24M
Balance Sheet
Total Assets	2.07B	2.06B	1.30B	1.10B	1.25B
Cash, Cash Equivalents and Short-Term Investments	324.92M	274.44M	164.19M	149.04M	149.93M
Total Debt	637.10M	734.44M	169.04M	167.88M	192.73M
Total Liabilities	963.72M	1.03B	431.67M	394.01M	427.90M
Stockholders Equity	1.11B	1.04B	865.97M	701.30M	822.12M
Cash Flow
Free Cash Flow	246.27M	73.12M	23.59M	6.05M	-10.91M
Operating Cash Flow	273.85M	104.70M	40.23M	15.01M	3.99M
Investing Cash Flow	-188.00K	-610.27M	-23.81M	25.06M	23.40M
Financing Cash Flow	-222.59M	615.56M	-2.72M	-41.01M	-99.77M

Tidewater Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 50.01
• 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 Neutral. The current price of 50.01 is below the 20-day moving average (MA) of 50.32, above the 50-day MA of 46.71, and above the 200-day MA of 48.38, indicating a neutral trend. The MACD of 1.28 indicates Positive momentum. The RSI at 52.71 is Neutral, neither overbought nor oversold. The STOCH value of 65.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TDW.

Tidewater Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NGS	77 Outperform	$301.85M	17.80	6.77%	―	22.64%	78.46%
DNOW	77 Outperform	$1.68B	21.05	7.22%	―	4.74%	-65.65%
OII	77 Outperform	$2.29B	11.29	27.08%	―	8.14%	62.72%
INVX	76 Outperform	$1.13B	6.28	13.87%	―	72.10%	―
TDW	76 Outperform	$2.60B	15.24	16.24%	―	19.34%	31.76%
HLX	68 Neutral	$871.62M	18.34	3.27%	―	-8.19%	―
Sector *	44 Neutral	AU$1.46B	-7.29	-23.02%	6.61%	1.87%	-26.71%

Tidewater Corporate Events

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.

The most recent analyst rating on (TDW) stock is a Buy with a $138.00 price target. To see the full list of analyst forecasts on Tidewater stock, see the TDW Stock Forecast page.

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.

The most recent analyst rating on (TDW) stock is a Buy with a $122.00 price target. To see the full list of analyst forecasts on Tidewater stock, see the TDW Stock Forecast page.

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.

The most recent analyst rating on (TDW) stock is a Buy with a $138.00 price target. To see the full list of analyst forecasts on Tidewater stock, see the TDW Stock Forecast page.

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.

The most recent analyst rating on (TDW) stock is a Buy with a $138.00 price target. To see the full list of analyst forecasts on Tidewater stock, see the TDW Stock Forecast page.