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NYSE · Consumer discretionary

Tidewater Inc (TDW)

Tidewater Inc brought in $1.3B of revenue over the twelve months to June 30, 2026, down 1.0% from a year earlier. Net income was $246.9M, a net margin of 18.3%. Operating cash flow minus capital spending left $353.3M of free cash flow in fiscal 2025. At June 30, 2026 it held $613.5M in cash against $653.2M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 3, 2026.

Watch TDW in 60 seconds
Price
$83.27
-1.74% on the day · September 28, 2026
52-week range $46.65 to $101.58
Market cap
$4.1B
Revenue (last 12 months)
$1.3B
-1.0% year on year
Net margin
18.3%
P/E
12.5
on FY2025 diluted EPS

What Tidewater Inc does

Tidewater Inc is registered with the SEC under industry code SIC 4400 (Water Transportation). Its shares trade on NYSE under the ticker TDW.

Revenue and profit by year

Revenue
FY18: $406.5M $406.5M FY18FY19: $486.5M $486.5M FY19FY20: $397M $397M FY20FY21: $371M $371M FY21FY22: $647.7M $647.7M FY22FY23: $1B $1B FY23FY24: $1.3B $1.3B FY24FY25: $1.4B $1.4B FY25
Net income
FY18: -$171.5M -$171.5M FY18FY19: -$141.7M -$141.7M FY19FY20: -$196.2M -$196.2M FY20FY21: -$129M -$129M FY21FY22: -$21.7M -$21.7M FY22FY23: $97.2M $97.2M FY23FY24: $180.7M $180.7M FY24FY25: $334.7M $334.7M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$1.4B$282.6M$334.7M$6.64$353.3M
2024$1.3B$311.3M$180.7M$3.40$254.9M
2023$1B$182.2M$97.2M$1.84$72.6M
2022$647.7M$26.7M-$21.7M-$0.49$23.6M
2021$371M-$95M-$129M-$3.14$6.1M
2020$397M-$186.8M-$196.2M-$4.86-$10.9M

Full financial statements: income, balance sheet and cash flow

Next report expected around November 9, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 10, 2025. Not a date the company has announced. See the report calendar

Where TDW ranks in Consumer discretionary

Revenue$1.4B
#435 of 1065 in Consumer discretionary · Top 41%
Revenue growth+0.5%
#591 of 950 in Consumer discretionary · Bottom 38%
Net margin24.7%
#46 of 966 in Consumer discretionary · Top 5%
Free cash flow margin26.1%
#35 of 850 in Consumer discretionary · Top 4%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Dividends

Tidewater Inc declared $0.75 per share in fiscal 2015. It paid out $35.4M in cash dividends.

Fiscal yearPer sharePaid outOf profit
2015$0.75$35.4Mn/a
2014$1.00$48.8Mn/a
2013$1.00$49.8Mn/a
2012$1.00$49.6Mn/a
2011$1.00$51.3Mn/a
2010$1.00$51.5Mn/a

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Tidewater Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 25, 2026
    Material agreement8-KTidewater entered into a guarantee agreement to cover the loan obligations of its Brazilian subsidiary.
  2. August 31, 2026
  3. August 11, 2026
  4. August 3, 2026
  5. August 3, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue was flat at $342.3M versus the same quarter last year; diluted EPS $0.43 versus $1.46.
  6. July 6, 2026
  7. June 25, 2026
  8. June 18, 2026
  9. May 15, 2026
  10. May 4, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 18, 2026. Insider transactions on SEC

What is TDW worth? A DCF from its reported cash flow

Insider trades

What the people running Tidewater Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $6.4M worth of shares in the last 90 days and bought none on the open market. 30% of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$6.4M
last 90 days
Net sold
68,305
$6.4M
DateInsiderWhatSharesPriceValueFiling
September 16, 2026 Robotti RobertDirector Gave as a giftindirect 1,951 - - Form 4
September 16, 2026 Robotti RobertDirector Soldindirect 6,695 $89.85 $601.5K Form 4
September 16, 2026 Robotti RobertDirector Soldindirect 3,605 $89.85 $323.9K Form 4
September 16, 2026 Robotti RobertDirector Other changeindirect 1,951 - - Form 4
September 16, 2026 Robotti RobertDirector Soldindirect 6,695 $89.85 $601.5K Form 4
September 16, 2026 Robotti RobertDirector Soldindirect 3,605 $89.85 $323.9K Form 4
September 2, 2026 Traub KennethDirector Sold 10,000 $99.00 $990K Form 4
September 2, 2026 Hudson Daniel A.EVP, CLO & Corporate Secretary Soldpre-planned (10b5-1) 15,000 $99.08 $1.5M Form 4
August 20, 2026 Hudson Daniel A.EVP, CLO & Corporate Secretary Gave as a gift 200 - - Form 4
August 12, 2026 Rubio Samuel REVP, CFO & CAO Soldindirect 17,705 $91.56 $1.6M Form 4
August 10, 2026 Hudson Daniel A.EVP, CLO & Corporate Secretary Soldpre-planned (10b5-1) 5,000 $89.01 $445.1K Form 4
June 16, 2026 Robotti RobertDirector Received as payindirect 1,760 $70.99 $124.9K Form 4
June 16, 2026 Traub KennethDirector Received as pay 1,760 - - Form 4
June 16, 2026 Raspino LouisDirector Received as pay 1,760 - - Form 4
June 16, 2026 Fagerstal DickDirector Received as pay 1,760 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns TDW

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
T. Rowe Price Associates, Inc.13G, passive 6.5% 3,207,143 May 15, 2026
Neuberger Berman Group LLC13G, passive with 1 related filers 5.8% 3,036,229 February 4, 2025
Vanguard Portfolio Management13G, passive 5.38% 2,668,836 April 29, 2026
Robotti Robert13D, may seek influence with 8 related filers 5% 2,599,480 December 20, 2024

Latest filings below 5%: The Vanguard Group 0% (March 27, 2026); Fmr LLC 4.7% (February 12, 2025); Robert E. Robotti 4.7% (May 21, 2024).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

10 insiders reported holding 2,992,979 shares in total, about $249.2M at the last price.

HolderSharesAs of
Robotti RobertDirector 2,202,6902,202,690 held indirectly September 16, 2026
Kneen QuintinDIRECTOR, PRESIDENT & CEO, Director 358,870 March 23, 2026
Rubio Samuel REVP, CFO & CAO 100,78333,214 held indirectly August 12, 2026
Fagerstal DickDirector 75,592 June 16, 2026
Traub KennethDirector 63,521 September 2, 2026
Zabrocky Lois KDirector 54,051 June 16, 2026
Raspino LouisDirector 48,551 June 16, 2026
Hudson Daniel A.EVP, CLO & Corporate Secretary 33,029 September 2, 2026
Middleton Piers DayerEVP & Chief Operating Officer 29,351 March 23, 2026
Cougle MelissaDirector 26,541 June 16, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about TDW

What does Tidewater Inc do?

Tidewater Inc is registered with the SEC under industry code SIC 4400 (Water Transportation). Its shares trade on NYSE under the ticker TDW.

Is Tidewater Inc profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $246.9M on revenue of $1.3B, a net margin of 18.3%.

How much revenue does Tidewater Inc make?

Over the twelve months to June 30, 2026 Tidewater Inc reported revenue of $1.3B. That is 1.0% less than a year earlier.

When did Tidewater Inc last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 3, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the material agreement from September 25, 2026.

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Where the numbers come from

Financial figures are the values Tidewater Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.