# Tidewater Inc: overview

TDW · NYSE · CIK 98222 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/tdw.md) · [Financials](/companies/tdw/financials.md) · [Filings](/companies/tdw/filings.md) · [Insiders](/companies/tdw/insiders.md)

Latest reported revenue: [$342.3m](/filings/0001437749-26-025450.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 3, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001437749-26-025450).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [340](/filings/0001437749-25-034124.md) | [345 d](/filings/0001437749-26-006391.md) | [333](/filings/0001437749-26-014662.md) | [341](/filings/0001437749-26-025450.md) | [341](/filings/0001437749-25-034124.md) | [337 d](/filings/0001437749-26-006391.md) | [326](/filings/0001437749-26-014662.md) | [342](/filings/0001437749-26-025450.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [20.6%](/filings/0001437749-25-034124.md) | [23.6% d](/filings/0001437749-26-006391.md) | [22.5%](/filings/0001437749-26-014662.md) | [23.7%](/filings/0001437749-26-025450.md) | [18.4%](/filings/0001437749-25-034124.md) | [19.0% d](/filings/0001437749-26-006391.md) | [18.1%](/filings/0001437749-26-014662.md) | [18.3%](/filings/0001437749-26-025450.md) |
| Net margin | % | [13.6%](/filings/0001437749-25-034124.md) | [10.7% d](/filings/0001437749-26-006391.md) | [12.8%](/filings/0001437749-26-014662.md) | [21.4%](/filings/0001437749-26-025450.md) | [(0.2%)](/filings/0001437749-25-034124.md) | [65.3% d](/filings/0001437749-26-006391.md) | [1.9%](/filings/0001437749-26-014662.md) | [6.3%](/filings/0001437749-26-025450.md) |
| Diluted EPS | $ per share | [0.87](/filings/0001437749-25-034124.md) | not reported | [0.83](/filings/0001437749-26-014662.md) | [1.46](/filings/0001437749-26-025450.md) | [(0.02)](/filings/0001437749-25-034124.md) | not reported | [0.12](/filings/0001437749-26-014662.md) | [0.43](/filings/0001437749-26-025450.md) |
| Free cash flow | $m | [43.3 d](/filings/0001437749-25-034124.md) | [95.5 d](/filings/0001437749-26-006391.md) | [70.1](/filings/0001437749-26-014662.md) | [68.4 d](/filings/0001437749-26-025450.md) | [67.0 d](/filings/0001437749-25-034124.md) | [148 d](/filings/0001437749-26-006391.md) | [4.3](/filings/0001437749-26-014662.md) | [52.1 d](/filings/0001437749-26-025450.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [371](/filings/0001437749-24-006108.md) | [648](/filings/0001437749-25-005487.md) | [1,010](/filings/0001437749-26-006391.md) | [1,346](/filings/0001437749-26-006391.md) | [1,353](/filings/0001437749-26-006391.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(25.6%)](/filings/0001437749-24-006108.md) | [4.1%](/filings/0001437749-25-005487.md) | [18.0%](/filings/0001437749-26-006391.md) | [23.1%](/filings/0001437749-26-006391.md) | [20.9%](/filings/0001437749-26-006391.md) |
| Net margin | % | [(34.8%)](/filings/0001437749-24-006108.md) | [(3.4%)](/filings/0001437749-25-005487.md) | [9.6%](/filings/0001437749-26-006391.md) | [13.4%](/filings/0001437749-26-006391.md) | [24.7%](/filings/0001437749-26-006391.md) |
| Diluted EPS | $ per share | [(3.14)](/filings/0001437749-24-006108.md) | [(0.49)](/filings/0001437749-25-005487.md) | [1.84](/filings/0001437749-26-006391.md) | [3.40](/filings/0001437749-26-006391.md) | [6.64](/filings/0001437749-26-006391.md) |
| Free cash flow | $m | [6.1](/filings/0001437749-24-006108.md) | [23.6](/filings/0001437749-25-005487.md) | [72.6](/filings/0001437749-26-006391.md) | [255](/filings/0001437749-26-006391.md) | [353](/filings/0001437749-26-006391.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/tdw/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $503.2m | 7,552,159 |  | Added +307,421 |
| [ROBOTTI ROBERT](/funds/1105838.md) | 2026-06-30 | $193.7m | 2,906,380 |  | Reduced −14,309 |
| [NEUBERGER BERMAN GROUP LLC](/funds/1465109.md) | 2026-06-30 | $186.8m | 2,803,406 |  | Reduced −467,965 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $184.0m | 2,762,204 |  | Added +135,559 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $138.7m | 2,081,880 |  | Added +243,111 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $135.3m | 2,030,982 |  | Added +82,557 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $130.1m | 1,953,287 |  | Added +10,416 |
| [BAILLIE GIFFORD & CO](/funds/1088875.md) | 2026-06-30 | $111.3m | 1,670,774 |  | Added +1,015,381 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $107.8m | 1,617,736 |  | Added +282,494 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $98.3m | 1,475,804 |  | Added +147,189 |

## Recent filings

[All 1,627 filings](/companies/tdw/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-05 | 11:00 ET | [8-K](/filings/0001104659-26-113492.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation | 0001104659-26-113492 |
| 2026-09-25 | 21:29 ET | [8-K](/filings/0001104659-26-111052.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-111052 |
| 2026-08-31 | 21:23 ET | [8-K](/filings/0001104659-26-103962.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-103962 |
| 2026-08-03 | 20:28 ET | [8-K](/filings/0001437749-26-025451.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-025451 |
| 2026-08-03 | 20:28 ET | [10-Q](/filings/0001437749-26-025450.md) | Quarterly report, period 2026-06-30 | 0001437749-26-025450 |
| 2026-07-06 | 21:44 ET | [8-K](/filings/0001437749-26-022594.md) | 8.01 Other events | 0001437749-26-022594 |
| 2026-06-18 | 20:23 ET | [8-K](/filings/0001104659-26-075757.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001104659-26-075757 |
| 2026-05-04 | 20:27 ET | [8-K](/filings/0001437749-26-014666.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-014666 |
| 2026-05-04 | 20:24 ET | [10-Q](/filings/0001437749-26-014662.md) | Quarterly report, period 2026-03-31 | 0001437749-26-014662 |
| 2026-04-28 | 20:52 ET | [DEF 14A](/filings/0001104659-26-050441.md) | Proxy statement, period 2026-06-16 | 0001104659-26-050441 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-006391.md), filed Mar 2, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/9928a969-7b76-41d8-a0d7-59118d510f64)

## About the filer

- CIK: 98222
- Tickers: TDW, TDDWW, TDGMW
- Exchange: NYSE
- SIC code: 4400 Water Transportation
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:20 ET. No prices; not investment advice.