Tidewater Inc. (TDW) Stock

Tidewater Inc. (TDW) is a Industrials stock trading at $74.68 (as of 2026-07-28), with a market capitalization of $3.71B and a trailing P/E of 12.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Tidewater Inc., through its subsidiaries, provides offshore marine support and transportation services for the offshore energy sector. Its activities include operating and chartering service vessels that support oil and gas exploration, development, and production, as well as wind-related construction and maintenance, including towing, anchor handling, personnel and supply transport, and specialized subsea and construction services.

Understand Tidewater Inc.: how it makes money

Tidewater Inc. provides offshore marine support and transportation services for the offshore energy industry, operating a fleet of marine service vessels to support oil and gas exploration, field development and production, as well as windfarm development and maintenance, including towing and anchor handling and transporting supplies and personnel.

The profit engine is selling offshore marine vessel services (generated through vessel revenues) that support active offshore energy work, meaning results are driven by the level of offshore exploration, development, production, and wind-related activity the fleet is called on to serve.

Revenue by segment (latest quarter)
West Africa$0.1B
Europe & Med$0.1B
Americas$0.1B
Asia Pacific$0.1B
Middle East$0.0B

Business quality (Mixed): This view relies on provided segment revenue candidates and a limited set of financial inputs (revenue and operating margin). There is no provided detail here on utilization, day rates, costs, or contract mix, so upside and downside drivers beyond segment revenue exposure cannot be quantified from the given facts.

Valuation: At 11× earnings, TDW trades 36% below the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Diverse offshore service demand: Services are used in support of offshore oil and natural gas exploration, field development, and production, and also windfarm development and maintenance.
  • Geographic revenue footprint: Revenue exposure appears spread across multiple regions, including West Africa, Europe and Mediterranean, Americas, Asia Pacific, and Middle East.

Bear case

  • Cyclical offshore energy spending: Because services are tied to offshore exploration, field development, production, and related work, results can be affected by changes in offshore energy project activity.
  • Regional concentration risk: Segment revenues indicate meaningful contribution from specific regions, so weakness in any one region could weigh on total results.
Valuation — source: SEC EDGAR (first-party)
Price$74.68
Market Cap$3.71B
P/E Ratio12.5
EV / EBITDA9.1
Price / Book2.72
Price / Sales2.76
FCF Yield7.6%
DCF Value (model)$73.38
DCF Upside vs Price-1.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.35B
Net Margin24.7%
Revenue Growth (YoY)-2.2%
EPS Growth (YoY)-85.5%
FCF Growth (YoY)-94.3%
Financial Health — source: SEC EDGAR
Altman Z-Score3.25 (safe)
Valuation vs Sector & Industry
Stock P/E12.5
Sector P/E (Industrials)27.9
Industry P/E (Transportation)17.4
vs Sector-55.3%
vs Industry-28.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($605.30M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryTransportation
CEOQuintin V. Kneen
Employees7,700
CountryUS
IPO Date1980-03-17

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TDW earnings history · TDW institutional & insider holders · TDW KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-28.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.