TDW Stock Analysis: Tidewater | NYSE
Oil & Gas Equipment & Services | NYSE, USA | Market Cap: 4.370m USD | 12M Return: 51.4% | US88642R1095 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 54.7M
EPS Trend: 22.2%
Qual. Beats: 0
Rev. Trend: 80.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Tidewater Inc. (NYSE: TDW), founded in 1956 and headquartered in Houston, Texas, is a global provider of offshore support vessels (OSVs) and marine services to the offshore energy industry. The company operates across five geographic segments-Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa-offering vessel support for the full lifecycle of offshore oil and gas projects, including exploration, field development, production, maintenance, and decommissioning, as well as services related to offshore wind farm development. Its fleet comprises anchor handling towing supply vessels, platform supply vessels, crew boats, utility vessels, and offshore tugs. Tidewater serves a diversified customer base that includes integrated and independent oil and gas exploration and production companies, foreign government-owned energy organizations, drilling contractors, and other offshore service providers. Operating within the oil & gas equipment and services subsector, the companys financial performance is closely linked to global offshore drilling activity and offshore energy capital spending cycles.
- Offshore E&P spending recovery lifts vessel day rates and utilization
- Middle East and Asia Pacific segments drive utilization gains
- Offshore wind farm development expands service revenue beyond oil and gas
| Net Income: 246.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -2.89 > 1.0 |
| NWC/Revenue: 51.75% < 20% (prev 28.04%; Δ 23.71% < -1%) |
| CFO/TA 0.13 > 3% & CFO 313.0m > Net Income 246.9m |
| Net Debt (64.0m) to EBITDA (464.4m): 0.14 < 3 |
| Current Ratio: 3.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (49.7m) vs 12m ago -0.55% < -2% |
| Gross Margin: 28.61% > 18% (prev 30.58%; Δ -1.97% > 0.5%) |
| Asset Turnover: 60.64% > 50% (prev 65.58%; Δ -4.94% > 0%) |
| Interest Coverage Ratio: 3.41 > 6 (EBIT TTM 227.2m / Interest Expense TTM 66.6m) |
| A: 0.29 (Total Current Assets 966.9m - Total Current Liabilities 270.1m) / Total Assets 2.37b |
| B: -0.12 (Retained Earnings -277.4m / Total Assets 2.37b) |
| C: 0.10 (EBIT TTM 227.2m / Avg Total Assets 2.22b) |
| D: 1.42 (Book Value of Equity 1.39b / Total Liabilities 978.0m) |
| Altman-Z'' = 3.73 = AA |
| DSRI: 0.98 (Receivables 306.6m/316.5m, Revenue 1.35b/1.36b) |
| GMI: 1.07 (GM 30.58% / 28.61%) |
| AQI: 1.45 (AQ_t 0.15 / AQ_t-1 0.10) |
| SGI: 0.99 (Revenue 1.35b / 1.36b) |
| TATA: -0.03 (NI 246.9m - CFO 313.0m) / TA 2.37b) |
| Beneish M = -2.72 (Cap -4..+1) = A |
As of September 19, 2026, the stock is trading at USD 86.69 with a total of 1,115,598 shares traded. Over the past week, the price has changed by -6.75%, over one month by -7.90%, over three months by +34.05% and over the past year by +51.40%.
Current recommended Stop Loss: 77.50 (which is 10.6% or 2.5 ATR below the current price).
Tidewater has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold TDW.
- StrongBuy: 0
- Buy: 2
- Hold: 5
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 94.9 | 9.4% |
P/E Trailing = 17.8154
P/E Forward = 36.3636
P/S = 3.2457
P/B = 3.149
P/EG = -0.04
Revenue TTM = 1.35b USD
EBIT TTM = 227.2m USD
EBITDA TTM = 464.4m USD
Long Term Debt = 647.5m USD (from longTermDebt, last quarter)
Short Term Debt = 5.68m USD (from shortTermDebt, last quarter)
Debt = 677.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 24.4m
Net Debt = 64.0m USD (calculated: Debt 677.6m - CCE 613.5m)
Enterprise Value = 4.43b USD (4.37b + Debt 677.6m - CCE 613.5m)
Interest Coverage Ratio = 3.41 (Ebit TTM 227.2m / Interest Expense TTM 66.6m)
EV/FCF = 17.18x (Enterprise Value 4.43b / FCF TTM 258.0m)
FCF Yield = 5.82% (FCF TTM 258.0m / Enterprise Value 4.43b)
FCF Margin = 19.16% (FCF TTM 258.0m / Revenue TTM 1.35b)
Net Margin = 18.34% (Net Income TTM 246.9m / Revenue TTM 1.35b)
Gross Margin = 28.61% ((Revenue TTM 1.35b - Cost of Revenue TTM 961.2m) / Revenue TTM)
Gross Margin QoQ = 28.45% (prev 28.40%)
Tobins Q-Ratio = 1.87 (Enterprise Value 4.43b / Total Assets 2.37b)
Interest Expense / Debt = 9.83% (Interest Expense 66.6m / Debt 677.6m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 179.5m (EBIT 227.2m * (1 - 21.00%))
Current Ratio = 3.58 (Total Current Assets 966.9m / Total Current Liabilities 270.1m)
Debt / Equity = 0.49 (Debt 677.6m / totalStockholderEquity, last quarter 1.39b)
Debt / EBITDA = 0.14 (Net Debt 64.0m / EBITDA 464.4m)
Debt / FCF = 0.25 (Net Debt 64.0m / FCF TTM 258.0m)
Total Stockholder Equity = 1.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.12% (Net Income 246.9m / Total Assets 2.37b)
RoE = 18.74% (Net Income TTM 246.9m / Total Stockholder Equity 1.32b)
RoCE = 11.56% (EBIT 227.2m / Capital Employed (Equity 1.32b + L.T.Debt 647.5m))
RoIC = 8.82% (NOPAT 179.5m / Invested Capital 2.03b)
WACC = 8.75% (E(4.37b)/V(5.05b) * Re(8.90%) + D(677.6m)/V(5.05b) * Rd(9.83%) * (1-Tc(0.21)))
Discount Rate = 8.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.39 | Cagr: -2.70%
[DCF] Terminal Value 72.54% ; FCFF base≈269.3m ; Y1≈248.1m ; Y5≈221.3m
[DCF] Fair Price = 64.83 (EV 3.29b - Net Debt 64.0m = Equity 3.23b / Shares 49.8m; r=8.75% [WACC]; 5y FCF grow -9.81% → 2.50% )
EPS Correlation: 22.22 | EPS CAGR: 8.33% | SUE: 0.23 | # QB: 0
Revenue Correlation: 79.96 | Revenue CAGR: 13.11% | SUE: 1.15 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.72 | Chg30d=-45.65% | Revisions=-50% | Analysts=5
EPS current Year (2026-12-31): EPS=2.79 | Chg30d=-17.23% | Revisions=-57% | GrowthEPS=-17.0% | GrowthRev=+7.3%
EPS next Year (2027-12-31): EPS=6.01 | Chg30d=-3.97% | Revisions=+38% | GrowthEPS=+115.9% | GrowthRev=+16.6%
[Analyst] Revisions Ratio: -27% (up=4, down=8)