Tidewater Inc. (TDW) Stock Price & Analysis
Tidewater Inc. (TDW) closed at USD 79.61 on Thursday, October 22, 2026, down 2.10% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 81.32; the Oct 22, 2026 session ranged USD 75.84–80.96 on volume of 533,988 shares. Market capitalization is $3.96B, with a 52-week range of USD 47.6–101.58 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:36 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TDW.md
Key facts (TDW)
- Last four reported quarters (through Jun 30, 2026): revenue $1.35B, net income $247M (18.3% margin), free cash flow $271M (SEC filings).
- Valuation: P/E 16.0x (avg 21.0x at the last 3 fiscal year-ends), EV/EBITDA 8.7x, net debt $39.7M.
- Earnings quality: non-operating income -$87.6M vs operating income $248M over the last four quarters; P/E excluding non-operating income ≈11.8x (estimate: non-operating income taxed at the company's 0% effective rate).
- 3 of 80 tracked superinvestors hold TDW (13F, Q2 2026): 0 new, 2 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $5.5M; 3 not under a Rule 10b5-1 plan ($3.5M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.38 on a 1–5 scale) (8 analysts), mean target USD 94.88 (range 68–120).
- Total return with dividends: 1Y +54.8% vs S&P 500 +14.9%; 5Y +537.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD 0.72, revenue estimate $361M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TDW)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $371M | $648M | $1.01B | $1.35B | $1.35B | $1.35B |
| Operating income | -$95.0M | $26.7M | $182M | $311M | $283M | $248M |
| Net income | -$129M | -$21.7M | $97.2M | $181M | $335M | $247M |
| EPS (diluted) | -$3.14 | -$0.49 | $1.84 | $3.40 | $6.64 | — |
| Free cash flow | $6.1M | $23.6M | $72.6M | $255M | $353M | $271M |
| Operating margin | -25.6% | 4.1% | 18.0% | 23.1% | 20.9% | 18.4% |
| Net margin | -34.8% | -3.4% | 9.6% | 13.4% | 24.7% | 18.3% |
| Revenue growth | -6.5% | +74.6% | +55.9% | +33.3% | +0.5% | — |
| Cash + short-term investments | $149M | $164M | $274M | $325M | $579M | — |
| Total debt | $168M | $169M | $734M | $648M | $670M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TDW)
P/E 16.0x · P/E ex non-operating (est.) ≈11.8x · P/S 2.9x · EV/EBITDA 8.7x · EV/Sales 3.0x · P/FCF 14.6x · P/B 2.8x · FCF yield 6.85% · Earnings yield 6.23% · Buyback yield (TTM) 0.00% · Net debt $39.7M · EV $4.00B
P/E at fiscal year-ends: Dec 2025 7.6x, Dec 2024 16.1x, Dec 2023 39.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (TDW)
3 of 80 tracked investors hold TDW. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Third Avenue Management | 9.95% | $62.2M | Added +1.4% | |
| Tweedy Browne | 0.15% | $2.0M | Added +14.0% | |
| First Pacific Advisors | 0.06% | $5.1M | Reduced -7.4% |
Insider sales (SEC Form 4, open-market, last ~7 months) (TDW)
2 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-16 | Robotti Robert | Director | 10,300 | $925K | 0.5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-02 | Traub Kenneth | Director | 10,000 | $990K | 13.6% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-09-02 | Hudson Daniel A. | EVP, CLO & Corporate Secretary | 15,000 | $1.5M | 31.2% | Yes (adopted March 17, 2026) | Too little history (no open-market trades in 2023) |
| 2026-08-12 | Rubio Samuel R | EVP, CFO & CAO | 17,705 | $1.6M | 26.2% | No | Too little history (no open-market trades in 2025) |
| 2026-08-10 | Hudson Daniel A. | EVP, CLO & Corporate Secretary | 5,000 | $445K | 9.4% | Yes (adopted March 17, 2026) | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (TDW)
Consensus Buy (mean 2.38 on a 1–5 scale), 8 analysts; mean target USD 94.88 (low 68, high 120).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | BTIG | Reiterated | Buy | $120 |
| 2026-09-01 | BTIG | Upgrade | Neutral → Buy | $120 |
| 2026-08-13 | Barclays | Target raised | Equal-Weight | $86 → $91 |
Total return (dividends reinvested) (TDW)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +54.8% | +537.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +55.1% | +44.7% |
| Volatility (annualized) | 48.4% | 49.6% |
| Max drawdown | -29.1% (Apr 2026→Jun 2026) | -67.8% (Apr 2024→Apr 2025) |
Companies that name TDW in their SEC reports
| Relationship to TDW | Company | Filing | Sentence |
|---|---|---|---|
| partner | GENESIS ENERGY LP (GEL) | 10-K Feb 18, 2026 | “Even though (i) the Tidewater case did not involve a publicly traded partnership and it was not decided under Section 7704 of the Internal Revenue Code relating to "qualifying income," (ii) some experienced practitioners believe the decision was not well reasoned, (iii) the IRS stated in an Action on Decision (AOD 2010-01) that it disagrees with and will not acquiesce to the Fifth Circuit's marine time charter ana…” |
TDW company outlook (results filed Aug 3, 2026)
- “Quintin Kneen, Tidewater's President and Chief Executive Officer, commented, "The second quarter of 2026 came in nicely above our expectations, driven by both revenue outperformance and lower-than-expected operating expenses.”
- “Gross margin of 46.9% came in well ahead of our expectations due to the increase in revenue and lower than anticipated operating expenses, but was down modestly from the first quarter due to costs associated with the conflict in the Middle East.”
Quoted word-for-word from the SEC 8-K results press release.
TDW analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.72 | $1.32 | -45.7% | $360.9M | 5 |
| Next quarter (ends Dec 2026) | $1.50 | $1.47 | +2.2% | $422.0M | 5 |
| Current fiscal year (ends Dec 2026) | $2.79 | $3.37 | -17.2% | $1.45B | 7 |
| Next fiscal year (ends Dec 2027) | $6.01 | $6.26 | -4.0% | $1.69B | 7 |
TDW options: expected move
Options price a move of about ±12.9% (±$10.25) by Nov 20, 2026, which includes earnings on Nov 9, 2026. Over the last 8 reports the stock moved ±11.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 57.2% | ±12.9% |
| Dec 18, 2026 | 56 | 49.4% | ±15.5% |
| Jan 15, 2027 | 84 | 46.7% | ±17.9% |
| Apr 16, 2027 | 175 | 44.6% | ±24.4% |
| May 21, 2027 | 210 | 46.2% | ±27.7% |
| Jun 17, 2027 | 237 | 45.1% | ±28.7% |
30-day implied volatility 54.3% vs 35.2% realized over the last 30 trading days. Put/call ratio (volume) 1.77. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:36 UTC)
| Price | USD 79.61 |
|---|---|
| Change | ▼ 2.10% (down) |
| Previous Close | USD 81.32 |
| Open | USD 81 |
| Day Range | USD 75.84 – 80.96 |
| 52-Week Range | USD 47.6 – 101.58 |
| Volume | 533,988 shares |
| Market Cap | $3.96B |
| Exchange | NYQ |
Technical Analysis (TDW)
Nexqual's technical model rates TDW "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 08:36 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 35.94 (neutral) |
| vs SMA50 | Below (USD 88.18) |
| MACD | -1.79 (negative) |
Analyst Ratings (TDW)
Wall Street analysts rate TDW "Buy" based on 8 analysts, with a mean price target of USD 94.88 (range USD 68–120), per Nexqual as of October 23, 2026 at 08:36 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 94.88 |
| High Target | USD 120 |
| Low Target | USD 68 |
| Buy / Hold / Sell | 4 / 3 / 1 |
Earnings (TDW)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD 0.72 |
| Revenue Estimate | $360.90M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.44 vs est 0.43 ▲ beat |
| 2026-03-31 | USD 0.13 vs est 0.7 ▼ miss |
| 2025-12-31 | USD 0.45 vs est 0.77 ▼ miss |
| 2025-09-30 | USD 0.61 vs est 0.51 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Financials & Fundamentals (TDW)
| Total Revenue | $1.35B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +0.30% |
| Gross Margin | +48.09% |
| Operating Margin | +17.27% |
| Profit Margin | +18.34% |
| ROE | +19.45% |
| Debt / Equity | 0.47 |
| Current Ratio | 3.58 |
| Total Cash | $613.54M |
| Total Debt | $653.20M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $271.18M (20.1% of revenue) |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Financial Health Score (TDW)
Nexqual rates Tidewater Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 08:36 UTC.
| Growth | Mixed — Revenue +0.5% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 48%, operating 17% (last 12 months) |
| Balance Sheet | Strong — $614M cash and investments vs $653M debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $271M (last 4 quarters to Jun 2026, SEC), 20% margin |
| Efficiency | Solid — ROE 19%, ROA 7.0% |
Ownership (TDW)
| Insider Ownership | +1.69% |
|---|---|
| Institutional Ownership | +118.31% |
| Shares Outstanding | 49.76M |
| Float | 45.99M |
| Short % of Float | +15.02% |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Leadership (TDW)
Tidewater Inc. is led by Quintin V. Kneen, President, CEO & Director, per Nexqual as of October 23, 2026 at 08:36 UTC.
| President, CEO & Director | Quintin V. Kneen |
|---|---|
| Executive VP & CFO | Samuel R. Rubio |
| Executive VP & Chief Operating Officer | Piers Dayer Middleton |
| Senior Vice President of Strategy, Corporate Development & IR | West P. Gotcher |
| Senior Vice President of Human Resources | Lisa M. Ortega |
Major Backers & Investors (TDW)
Notable institutional backers of Tidewater Inc. include Price (T.Rowe) Associates Inc, Robotti Robert, Neuberger Berman Group, LLC, according to Nexqual as of October 23, 2026 at 08:36 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 7.4% |
| Robotti Robert | 5.84% |
| Neuberger Berman Group, LLC | 5.63% |
| Baillie Gifford | 3.36% |
| American Century Companies Inc | 3.25% |
| T. Rowe Price | 2.48% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 15.18% |
| Vanguard Group | 9.48% |
| Dimensional Fund Advisors | 4.18% |
| State Street | 4.08% |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
From Tidewater Inc.'s Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- We will pay the Wilson Sellers an aggregate cash purchase price of $500.0 million on a debt free, cash free basis, subject to adjustments, including a reduction for the assumption of the Wilson Companies' debt which was approximately $261.0 million as of September 30, 2025.
- We believe our global operating footprint allows us to react quickly to changing local market conditions and to be responsive to the changing requirements of our customers.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes to applicable laws or regulations, including any developing laws and regulations, may increase our compliance costs and operational risk.
- Changes and developments in U.S. and international tax laws and policies could adversely affect our financial results.
- Changes in environmental regulations and evolving environmental expectations may reduce demand for hydrocarbons, increase our compliance costs, harm our reputation and adversely affect our financial results.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| WHD | Cactus, Inc. Class A Common Sto | USD 60.38 | ▼ 5.91% |
| OII | Oceaneering International, Inc. | USD 36.62 | ▼ 16.94% |
| KGS | Kodiak Gas Services, Inc. | USD 44.07 | ▼ 10.1% |
| WBI | WaterBridge Infrastructure LLC | USD 28.33 | ▼ 5.5% |
| AROC | Archrock, Inc. | USD 28.39 | ▼ 4.64% |
| EFXT | Enerflex Ltd | USD 22.89 | ▼ 7.29% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:36 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt