Tidewater Inc. (TDW) AI Stock Analysis

Founded in 1956 and headquartered in Houston, Texas, Tidewater Inc. operates a global fleet of marine service vessels supporting the offshore energy sector. Its operations support offshore oil and natural gas exploration, field development, production, and windfarm development and maintenance. Tidewater provides deepwater platform supply vessels and anchor handling tug supply vessels to transport equipment and supplies to offshore rigs. In addition, the company operates towing-supply vessels, crew boats, utility vessels, and offshore tugs, alongside offering specialized services such as subsea support, geotechnical surveys, construction barges, and pipe and cable laying for energy clients.

Tidewater experienced substantial top-line expansion as revenue rose from $371.0M in FY2021 to $647.7M in FY2022, $1.01B in FY2023, and $1.35B in FY2024. For FY2025, revenue was flat at $1.35B, representing 0.5% growth. Gross margin improved from -2.0% in FY2021 to 30.8% in FY2025, while operating margin expanded from -25.6% to 21.4%. Net income shifted from -$129.0M in FY2021 to $334.7M in FY2025, with EPS ending at $3.36. In the latest quarter ended June 30, 2026, quarterly revenue grew 0.3% year-over-year, while quarterly earnings declined 70.5%.

As of June 30, 2026, Tidewater held $613.5M in cash and short-term investments against total debt of $653.2M, resulting in net debt of $39.7M. The company reported a current ratio of 3.58 and a debt-to-equity ratio of 0.47, with shareholders' equity at $1.39B and total assets of $2.37B. In FY2025, operating cash flow reached $379.1M and free cash flow stood at $353.3M. Cash usage during FY2025 included $25.8M in capital expenditures and $90.1M allocated to share buybacks.

Tidewater trades at a trailing price-to-earnings ratio of 16.2x and a forward price-to-earnings ratio of 36.4x, compared to medians of 15.0x and 12.7x for its US-listed Energy peers. Its enterprise value-to-EBITDA multiple stands at 11.4x, above the peer median of 8.0x, while its price-to-sales ratio of 2.9x compares to the peer median of 1.8x. Over the past year, TDW stock delivered a return of 62.2%, outperforming the 16.8% return for the S&P 500 (SPY). Over a 5-year period, the stock gained 536.5% versus 83.0% for the S&P 500.

Wall Street coverage consists of 2 Strong Buy, 2 Buy, 3 Hold, 0 Sell, and 1 Strong Sell ratings. The mean price target is $94.88, which is 19.3% above the last close of $79.50. For the fiscal year ending December 31, 2026, analysts estimate EPS of $2.79 on revenue of $1.45B, representing an EPS decline of 17.0%. For the next fiscal year, 7 analysts project revenue of $1.69B and EPS of $6.01. Over the last four quarters, Tidewater beat EPS estimates 2 times. The next earnings date is November 9, 2026.

This page is an AI-written research summary of Tidewater Inc. (TDW). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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