TDW
Tidewater Inc.
TDW's fundamentals are mixed, but it looks cheap: trading at 15x earnings, below its usual 19x. Analysts expect strong earnings growth.
TDW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Healthy |
TDW's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
TDW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $68.11 | -13% |
| Forward | 14x | $77.86 | — |
| Current | 15x | $77.86 | — |
| Fair | 19x | $98.83 | +27% |
| Expensive | 50x | $264 | +239% |
Historical ranges are pointers, not guarantees.
TDW's PE is in its cheap range at 15x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
TDW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for TDW, with profitability improving.
TDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.63 | +6.8% |
| Q3 2026 | $5.27 | +77% |
| Q2 2026 | $4.90 | +27% |
| Q1 2026 | $5.93 | +78% |
| Q4 2025 | $6.64 | +95% |
| Q3 2025 | $2.97 | -13% |
| Q2 2025 | $3.86 | +27% |
| Q1 2025 | $3.34 | +33% |
| Q4 2024 | $3.40 | +85% |
TDW earned $5.27 per share over the past year, up 77% from the year before.
TDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $360.4M | +5.7% |
| Q2 2026 | $342.3M | +0.3% |
| Q1 2026 | $326.2M | -2.2% |
| Q4 2025 | $336.8M | -2.4% |
| Q3 2025 | $341.1M | +0.2% |
| Q2 2025 | $341.4M | +0.6% |
| Q1 2025 | $333.4M | +3.8% |
| Q4 2024 | $345.1M | +14% |
TDW's revenue grew through 2024 and has held roughly level since: $360M last quarter, up 5.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -4.4 points |
| Q2 2026 | 18% | -5.4 points |
| Q1 2026 | 18% | -4.4 points |
| Q4 2025 | 19% | -4.6 points |
| Q3 2025 | 18% | -2.2 points |
| Q2 2025 | 24% | +0.7 points |
| Q1 2025 | 23% | -3 points |
| Q4 2024 | 24% | +2.7 points |
TDW's operating margin was 14% last quarter, down 4.4 points from the same quarter a year ago.
TDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $65.8M | +33% |
| Q2 2026 | $52.1M | -35% |
| Q1 2026 | $4.3M | -94% |
| Q4 2025 | $147.8M | +70% |
| Q3 2025 | $49.6M | +14% |
| Q2 2025 | $80.2M | +11% |
| Q1 2025 | $75.7M | +73% |
| Q4 2024 | $86.8M | +123% |
TDW generated $270M in free cash flow over the past year, down 7.6% from the year before.
TDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -28K shares |
| 1 year | +1.2% | +601K shares |
| 3 years | -3.7% | -1.9M shares |
| 5 years | +24% | +9.7M shares |
TDW has 50M diluted shares, up 1.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $7.9M |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $50.8M |
| Q1 2025 | $39.3M |
| Q4 2024 | $44.1M |
TDW spent $8M buying back its own shares over the past year, down 94% from the year before.
TDW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Healthy |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.6x | Very low |
TDW's net debt is about a year of its operating earnings (EBITDA), up from less than a year a year ago.
TDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.8 | Neutral |
| Stochastic | 28.3 | Neutral |
TDW's weekly RSI is 48 (neutral) and its Stochastic is 28 (neutral).
TDW PE vs Energy Sector
| Metric | TDW | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 13% above |
| PE % | 30 | 61 | 31 pts below |
TDW is trading at 15x earnings, a 13% premium to the Energy sector's median of 13x.
TDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $81.7 | 4.7% below |
| 20 week MA | $83.2 | 6.4% below |
| 50 week MA | $75.9 | 2.6% above |
| 100 week MA | $62.6 | 24% above |
| 200 week MA | $65.2 | 19% above |
TDW has slipped below its 8- and 20-week averages, though it's still 19% above its 200-week average.
TDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.2 | $8.71 | -55% |
| 2021 | $8.71 | $10.7 | +23% |
| 2022 | $10.7 | $34.9 | +225% |
| 2023 | $34.9 | $72.1 | +107% |
| 2024 | $72.1 | $51.5 | -29% |
| 2025 | $51.5 | $50.3 | -2.2% |
| 2026 YTD | $50.3 | $77.9 | +55% |
TDW's yearly returns have swung widely, from +225% in 2022 to −55% in 2020. It's up 55% so far in 2026.