Tidewater (TDW) AI Stock Analysis

• Market Cap: $2.38B
• Dividend Yield: N/A
• Average Volume (3M): 722.74K
• Price to Earnings (P/E): 13.3
• Beta (1Y): 1.28
• Revenue Growth: 7.76%
• EPS Growth: 26.49%
• Country: US
• Employees: 7,700
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 1.46
• Shares Outstanding: 49,492,348
• 10 Day Avg. Volume: 687,686
• 30 Day Avg. Volume: 722,740
• 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: 1.07
• Enterprise Value/Revenue: 1.88
• Enterprise Value/Gross Profit: 6.15
• Enterprise Value/Ebitda: 5.34
• 1Y Price Target: $70.00
• Price Target Upside: 46.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 73 Outperform
• Price Target: $55.00 ▲(15.11% Upside)

Tidewater's overall stock score reflects strong financial performance and positive earnings call highlights, tempered by mixed technical indicators and near-term market challenges. The company's strategic initiatives and financial resilience position it well for long-term growth, despite short-term uncertainties.

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 performance with significant revenue growth, solid profitability, and efficient cash flow management. The company's stable balance sheet and effective leverage management enhance its financial resilience, positioning it well for continued success despite industry risks.

Income Statement

Tidewater's income statement shows strong performance with a significant revenue growth rate of 16.2% TTM, reflecting robust demand in the oil and gas services sector. The company maintains healthy margins, with a gross profit margin of 30.6% and a net profit margin of 14.6%, indicating efficient cost management and profitability. EBIT and EBITDA margins are also solid at 23.9% and 35.3%, respectively, showcasing operational efficiency. Overall, the income statement reflects a positive growth trajectory and strong profitability.

Balance Sheet

The balance sheet of Tidewater indicates a stable financial position with a manageable debt-to-equity ratio of 0.55, suggesting moderate leverage. The return on equity stands at 17.7%, reflecting effective use of equity to generate profits. The equity ratio is healthy, indicating a strong equity base relative to total assets. While the company has improved its financial stability over the years, maintaining this trajectory will be crucial to mitigate any potential risks associated with industry volatility.

Cash Flow

Tidewater's cash flow statement reveals a robust free cash flow growth rate of 2.86% TTM, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 0.91, and the free cash flow to net income ratio is 0.92, both suggesting efficient conversion of income into cash. The company's ability to generate and manage cash effectively supports its operational and strategic initiatives, contributing to overall financial health.

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: 47.78
• 50DMA: Negative
• 100DMA: Negative
• 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 47.78 is below the 20-day moving average (MA) of 51.34, below the 50-day MA of 55.31, and below the 200-day MA of 48.48, indicating a neutral trend. The MACD of -1.90 indicates Positive momentum. The RSI at 48.44 is Neutral, neither overbought nor oversold. The STOCH value of 44.20 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
XPRO	78 Outperform	$1.56B	23.19	4.60%	―	-1.24%	337.41%
VAL	76 Outperform	$4.01B	14.76	12.23%	―	18.78%	-72.57%
OII	74 Outperform	$2.48B	10.41	28.92%	―	8.71%	72.09%
TDW	73 Outperform	$2.38B	13.34	17.91%	―	7.76%	26.49%
NOV	70 Outperform	$4.94B	11.57	7.31%	3.68%	-1.21%	-54.44%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
MRC	54 Neutral	$1.19B	―	5.66%	―	-9.81%	-124.43%

Tidewater Corporate Events

Tidewater Inc. Reports Strong Q2 Earnings Amid Challenges

In the recent earnings call, Tidewater Inc. reported a strong financial performance for the second quarter, marked by record revenue and gross margins. The company successfully executed a refinancing strategy and announced a significant share repurchase program. Despite these positive developments, the call also highlighted some challenges, including a softening market outlook in certain regions and issues with customer payments. Overall, the sentiment was positive but cautious, with optimism tempered by near-term uncertainties.

Tidewater Inc.’s Financial Stability at Risk: How Debt Covenants Threaten Liquidity and Growth

Tidewater Inc. faces significant operational and financial risks due to restrictive covenants in its debt agreements, which limit its ability to incur additional debt, create liens, and engage in mergers or asset sales. These covenants, along with mandatory prepayment clauses tied to financial ratios, could constrain the company’s liquidity and flexibility, impacting its ability to seize corporate opportunities. Non-compliance with these covenants could lead to defaults, allowing lenders to accelerate debt maturity and foreclose on collateral, potentially jeopardizing Tidewater’s financial stability. The restrictions also hinder the company’s ability to secure further financing, posing a material threat to its business operations and financial health.

Tidewater Inc. Reports Strong Q2 2025 Earnings

Tidewater Inc. is a leading provider of offshore support vessels, primarily serving the energy exploration and production industry worldwide. The company operates the largest fleet in the sector, with over 65 years of experience.

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.

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.