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Companies / Energy / Tidewater Inc.
TDW

Tidewater Inc.

EnergyTransportation & Utilities
Ticker TDWHOUSTON, TXFiscal year ends DecemberBook value per share $27.86Diluted shares 50.0M

Tidewater Inc. (NYSE: TDW) provides offshore vessel and marine transportation services to the global energy industry, supporting oil and gas exploration, development, production, maintenance and abandonment, as well as offshore windfarm construction and maintenance. Its fleet includes anchor-handling towing supply… From the company’s description.

Over the twelve months to Jun 30, 2026, Tidewater Inc. reported revenue of $1.35B, down 1.0% from a year earlier, and net income of $245.49M. Its operating margin was 18.4%, and operations generated $293.92M in cash. In fiscal 2025, it reported revenue of $1.35B, up 0.5% from fiscal 2024, and net income of $333.45M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.35BFY2025
+0.5% year over year
Last 12 mo $1.35B
20.89%FY2025
−2.2 percentage points
Last 12 mo 18.43%
$333.45MFY2025
+86.0% year over year
Last 12 mo $245.49M
24.51%FY2025
+8.3 percentage points
Last 12 mo 17.72%
Cash & financing
$379.11MFY2025
+38.4% year over year
Last 12 mo $293.92M
$353.35MFY2025
+43.5% year over year
Last 12 mo $253.85M
0.48FY2025
Was 0.57× a year earlier
Last 12 mo 0.47
50.4MFY2025
−5.0% year over year
Last 12 mo 50.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Tidewater Inc. does

In the company’s own words

Tidewater Inc. (NYSE: TDW) provides offshore vessel and marine transportation services to the global energy industry, supporting oil and gas exploration, development, production, maintenance and abandonment, as well as offshore windfarm construction and maintenance. Its fleet includes anchor-handling towing supply vessels, platform supply vessels and specialty vessels that transport supplies and personnel, tow and position drilling units, and support offshore construction, subsea, seismic, pipe-laying and cable-laying work. Customers include international and independent oil and gas companies, national oil companies, drilling contractors and offshore construction and windfarm companies. Tidewater manages its operations through five geographic reporting segments: Americas, Asia Pacific, Middle East, Europe/Mediterranean and West Africa. At December 31, 2025, it operated 208 vessels serving customers in more than 30 countries and employed approximately 7,300 people worldwide. Platform supply vessels generated 72.3% of vessel revenue in 2025, while anchor-handling towing supply vessels contributed 24.2%. Founded in 1956, the company expanded its fleet through the 2023 acquisition of 37 Solstad platform supply vessels. Its website is www.tdw.com.

Company details
Sector
Energy
Industry (SIC)
Transportation & Utilities
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
98222
SIC
4400

Financial performance, year by year

Fiscal 2011–2025 · USD
$-864.56M$-220.91M$422.75M$1.07B$1.71B20112012201320142015201620182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Tidewater Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

360
funds hold it
1 of 35
superinvestors hold it
$2.02B
held by funds, at market
55.8%
of shares held by funds
1
bond issues held by funds

Superinvestors in Tidewater Inc. · what they did last quarter

Tweedy BrowneINCREASED +14.0%
Tweedy, Browne
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Tidewater Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.17%of fund net assets
Neuberger Genesis Fund
NBGNX · NEUBERGER BERMAN EQUITY FUNDS
—of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.10%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Tidewater Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Tidewater Inc.’s debt, $251.63M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 9.13%, maturing 2030 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Tidewater Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Tidewater Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Tidewater Inc.'s last four quarterly filings that the numbers alone won't show?”
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