TDW
EnergyTidewater Inc. · Oil & Gas Equipment & Services · $4B
What is Tidewater Inc.?
Tidewater Inc. is a global operator of offshore marine service vessels, supporting the energy industry across exploration, production, and renewable energy development. Headquartered in Houston, the company runs one of the largest fleets of its kind worldwide.
Tidewater generates revenue by chartering and operating marine vessels that serve offshore oil, gas, and wind energy clients. Its fleet transports supplies, equipment, and personnel to offshore drilling rigs and production platforms. The company also provides anchor handling, towing, subsea support, and geotechnical survey services. Clients include major oil and gas operators as well as windfarm developers, giving Tidewater exposure to both traditional energy and the growing offshore renewables market.
Tidewater was founded in 1980 and is headquartered in Houston, Texas.
- Platform supply vessels for deepwater drilling support
- Anchor handling tug supply vessels for rig towing
- Crew boats and utility vessels for personnel transport
- Offshore construction and subsea support services
- Geotechnical survey support for windfarm development
Is TDW a Good Stock to Buy?
UQS Score rates TDW as Good overall, reflecting a balanced profile across the five quality pillars.
Tidewater's strongest pillar is Quality, rated Strong — indicating the business generates returns and manages its operations at a level that stands out within the offshore services segment. Growth and Risk both register as Good, suggesting the company is expanding its earnings base while maintaining a manageable risk profile relative to sector peers.
The Moat pillar is rated Weak, which reflects the competitive and cyclical nature of the offshore vessel market, where pricing power can erode quickly during energy downturns.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does TDW pay dividends?
No — Tidewater Inc. does not currently pay a dividend.
Tidewater does not currently pay a dividend. For a capital-intensive marine services company operating in a cyclical industry, retaining cash supports fleet maintenance, vessel acquisitions, and debt management. Investors seeking income from this sector may need to look elsewhere, while those focused on capital appreciation may view the reinvestment approach as consistent with the company's growth orientation.
When does TDW report earnings?
Tidewater reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's recent results have reflected the broader recovery in offshore energy activity, with vessel utilization and day rates trending above the lows seen in prior energy cycles. Revenue momentum has been supported by demand from both traditional oil and gas clients and emerging offshore wind customers.
For the most recent quarter's results and guidance, visit Tidewater's investor relations page directly.
TDW Price History
+509.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Tidewater Inc.?
Based on Tidewater Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
TDW Long-term Outlook
Tidewater's Good Growth pillar suggests the business is on a trajectory of meaningful earnings expansion, driven by a tightening offshore vessel supply market and rising day rates. The Good Risk rating indicates the company's balance sheet and operational structure are reasonably positioned to weather sector volatility. However, the Weak Moat rating is a reminder that offshore marine services remain susceptible to competitive pricing pressure and commodity-driven demand swings.
Growth drivers
- Rising offshore energy capital expenditure from major oil producers
- Growing demand for vessel support in offshore wind development
- Constrained global supply of modern offshore service vessels
Key risks
- Cyclical oil price downturns reducing client drilling budgets
- Competitive vessel market limiting long-term pricing power
- Execution risk in integrating fleet expansions or acquisitions
TDW vs Peers
Tidewater operates in a competitive offshore and energy services landscape alongside companies with distinct business models and geographic focuses.
Liberty Energy focuses on onshore hydraulic fracturing services in North America, making it more exposed to US shale activity than Tidewater's globally diversified offshore fleet.
Enerflex provides natural gas compression and processing infrastructure, competing in energy services but with a different asset base and revenue model than marine vessel operations.
Solaris Energy Infrastructure centers on power and energy logistics solutions, representing a different niche within the broader energy services sector compared to Tidewater's marine focus.
Frequently Asked Questions
What does Tidewater do?
Tidewater operates a global fleet of offshore marine service vessels that support oil, gas, and wind energy clients. Its services include transporting supplies and personnel to offshore rigs, anchor handling, towing, subsea support, and geotechnical surveys for windfarm construction.
Does TDW pay dividends?
Tidewater does not currently pay a dividend. The company retains capital to support fleet operations, vessel investments, and balance sheet management — a common approach for capital-intensive businesses in cyclical industries.
When does TDW report earnings?
Tidewater reports financial results on a quarterly basis, in line with standard US-listed company practice. For the exact timing of upcoming earnings releases, check Tidewater's official investor relations page.
Is TDW a good stock to buy?
UQS Score rates TDW as Good overall. The Quality pillar is Strong, and both Growth and Risk are rated Good. The Moat pillar is Weak, reflecting competitive pressures in offshore marine services. The complete pillar breakdown is available to Pro members on uqs-score.com.
Is TDW overvalued?
TDW's Valuation pillar is rated Good, suggesting the stock is not trading at a significant premium relative to its fundamentals when assessed through the UQS framework. Full valuation metrics are available in the Pro analysis.
How does TDW compare to its competitors?
Tidewater's globally diversified offshore marine fleet sets it apart from peers like Liberty Energy, which focuses on onshore North American services, and Enerflex, which centers on gas compression infrastructure. Each company serves different segments of the broader energy services market.
What is TDW's market cap bracket?
Tidewater is classified as a mid-cap company. This places it in a segment of the market that often balances growth potential with greater operational scale than smaller peers, though with less financial depth than large-cap energy majors.
Who founded Tidewater?
Tidewater was founded in 1980. Detailed founding history, including key executives involved in the company's establishment, is widely available through public corporate records and the company's official history.
Is TDW a long-term quality investment?
As a long-term quality indicator, TDW's Strong Quality pillar and Good Risk rating suggest the business has operational characteristics that can support durability over time. The Weak Moat rating is worth monitoring, as competitive dynamics in offshore services can shift with energy cycles.
What is the main competitive advantage of Tidewater?
Tidewater's primary advantage lies in the scale and global reach of its offshore vessel fleet, along with its exposure to both traditional energy and the growing offshore wind sector. However, the UQS Moat pillar rates this advantage as Weak given the competitive nature of vessel chartering markets.
What sector does TDW belong to?
Tidewater operates in the Energy sector, specifically within offshore marine services. The company provides support infrastructure for upstream oil and gas exploration and production, as well as for offshore renewable energy development.
Is TDW a growth stock or value stock?
Based on UQS pillar labels, TDW shows characteristics of both — the Growth pillar is rated Good, indicating meaningful earnings expansion potential, while the Valuation pillar is also rated Good, suggesting the stock is not priced at a steep premium relative to fundamentals.
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Pro Analysis
TDW — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 56.1 | 68.7 | 26.0 | 51.4 | 75.4 | 72.1 | -0.5 |
| May 14, 2026 | 56.6 | 69.3 | 26.0 | 51.4 | 75.4 | 74.4 | +0.1 |
| May 12, 2026 | 56.5 | 69.2 | 26.0 | 51.4 | 75.4 | 74.0 | -1.1 |
| May 7, 2026 | 57.6 | 73.2 | 26.0 | 51.4 | 75.4 | 74.5 | +0.3 |
| May 6, 2026 | 57.3 | 73.2 | 26.0 | 51.4 | 75.4 | 72.5 | -0.6 |
| May 3, 2026 | 57.9 | 73.2 | 26.0 | 52.4 | 75.4 | 75.0 | +0.1 |
| May 2, 2026 | 57.8 | 73.2 | 26.0 | 52.4 | 75.4 | 74.8 | 0.0 |
| Apr 26, 2026 | 57.8 | 73.2 | 26.0 | 52.5 | 75.4 | 74.9 | -0.2 |
| Apr 22, 2026 | 58.0 | 73.2 | 26.0 | 52.5 | 75.4 | 75.8 | -5.1 |
| Apr 19, 2026 | 63.1 | 86.1 | 26.0 | 61.7 | 75.4 | 75.8 | +0.2 |
TDW — Pillar Breakdown
Quality
— 69.5/100 (25%)Tidewater Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 51.7/100 (20%)Tidewater Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 75.4/100 (15%)Tidewater Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 76.5/100 (15%)Tidewater Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 26/100 (25%)Tidewater Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for TDW.
Score Composition
Financial Data
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How is the TDW UQS Score Calculated?
The UQS (Unified Quality Score) for Tidewater Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Tidewater Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Tidewater Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.