Tidewater Inc. (TDW) Financial Ratios
15 years of historical data (2011–2025) · Energy · Oil & Gas Equipment & Services
EV/EBITDA
↓
5.96
↓-41% vs avg
5yr avg: 10.04
30Y Low4.7·High93.1
P/FCF
↓
9.10
↓-79% vs avg
5yr avg: 42.53
30Y Low7.2·High158.4
P/B Ratio
↑
2.38
+12% vs avg
5yr avg: 2.13
30Y Low0.4·High12.7
ROE
↑
27.1%
↓+293% vs avg
5yr avg: 6.9%
30Y Low-168%·High27%
Debt/EBITDA
↓
1.19
↓-26% vs avg
5yr avg: 1.61
30Y Low1.2·High18.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TDW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Tidewater Inc. trades at 9.7x earnings, 54% below its 5-year average of 21.0x, sitting at the 25th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 37%. On a free-cash-flow basis, the stock trades at 9.1x P/FCF, 79% below the 5-year average of 42.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $2.5B | $2.9B | $3.8B | $1.6B | $439M | $349M | $737M | $509M | $540M | $685M |
| Enterprise Value | $3.3B | $2.6B | $3.2B | $4.3B | $1.6B | $458M | $391M | $807M | $576M | $556M | $2.0B |
| P/E Ratio → | 9.74 | 7.61 | 16.09 | 39.19 | — | — | — | — | — | — | — |
| P/S Ratio | 2.38 | 1.87 | 2.16 | 3.78 | 2.51 | 1.18 | 0.88 | 1.51 | 1.25 | 1.63 | 1.14 |
| P/B Ratio | 2.38 | 1.86 | 2.61 | 3.68 | 1.88 | 0.63 | 0.42 | 0.72 | 0.44 | 0.53 | 0.41 |
| P/FCF | 9.10 | 7.15 | 11.79 | 52.21 | 68.94 | 72.54 | — | — | — | — | 158.41 |
| P/OCF | 8.48 | 6.67 | 10.60 | 36.46 | 40.43 | 29.27 | 87.47 | — | 129.07 | — | 22.96 |
P/E links to full P/E history page with 30-year chart
TDW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Tidewater Inc.'s enterprise value stands at 6.0x EBITDA, 41% below its 5-year average of 10.0x. The Energy sector median is 7.8x, placing the stock at a 24% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.93 | 2.39 | 4.24 | 2.52 | 1.23 | 0.99 | 1.66 | 1.42 | 1.68 | 3.34 |
| EV / EBITDA | 5.96 | 4.71 | 6.88 | 13.75 | 14.80 | — | — | — | — | — | — |
| EV / EBIT | 11.35 | 8.98 | 10.63 | 22.82 | 109.60 | — | — | — | — | — | — |
| EV / FCF | — | 7.37 | 13.06 | 58.50 | 69.15 | 75.65 | — | — | — | — | 465.61 |
TDW Profitability
Margins and return-on-capital ratios measuring operating efficiency
Tidewater Inc. earns an operating margin of 21.4%, above the Energy sector average of 13.8%. Operating margins have expanded from 18.0% to 21.4% over the past 3 years, signaling improving operational efficiency. ROE of 27.1% indicates solid capital efficiency, compared to the sector median of 7.2%. ROIC of 15.2% represents solid returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.8% | 30.8% | 30.2% | 26.6% | 19.9% | -2.0% | 2.1% | 10.8% | 18.0% | — | 10.4% |
| Operating Margin | 21.4% | 21.4% | 23.1% | 18.0% | 4.1% | -25.6% | -47.0% | -17.8% | -26.4% | — | -96.1% |
| Net Profit Margin | 24.7% | 24.7% | 13.4% | 9.6% | -3.4% | -34.8% | -49.4% | -29.1% | -42.2% | -681.0% | -109.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.1% | 27.1% | 16.8% | 10.2% | -2.8% | -16.9% | -21.3% | -13.1% | -15.8% | -168.2% | -33.4% |
| ROA | 15.0% | 15.0% | 8.7% | 5.8% | -1.8% | -11.0% | -13.9% | -8.3% | -9.6% | -75.6% | -14.4% |
| ROIC | 15.2% | 15.2% | 16.0% | 11.5% | 2.5% | -9.0% | -14.3% | -5.7% | -7.2% | — | -13.0% |
| ROCE | 15.2% | 15.2% | 17.9% | 12.8% | 2.6% | -9.5% | -15.2% | -5.7% | -6.7% | — | -26.3% |
TDW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Tidewater Inc. carries a Debt/EBITDA ratio of 1.2x, which is manageable (54% below the sector average of 2.6x). Net debt stands at $76M ($655M total debt minus $579M cash). Interest coverage of 4.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.48 | 0.48 | 0.57 | 0.71 | 0.20 | 0.24 | 0.23 | 0.28 | 0.38 | 0.44 | 1.23 |
| Debt / EBITDA | 1.19 | 1.19 | 1.36 | 2.36 | 1.53 | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.06 | 0.28 | 0.44 | 0.01 | 0.03 | 0.05 | 0.07 | 0.06 | 0.02 | 0.80 |
| Net Debt / EBITDA | 0.14 | 0.14 | 0.67 | 1.48 | 0.04 | — | — | — | — | — | — |
| Debt / FCF | — | 0.22 | 1.27 | 6.29 | 0.21 | 3.11 | — | — | — | — | 307.20 |
| Interest Coverage | 4.39 | 4.39 | 4.15 | 3.87 | 0.87 | -6.94 | -7.18 | -2.90 | -4.04 | — | -7.58 |
TDW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Tidewater Inc.'s current ratio of 2.90x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.80x to 2.90x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.90 | 2.90 | 2.11 | 1.80 | 1.94 | 2.17 | 2.12 | 2.89 | 4.32 | 3.84 | 0.49 |
| Quick Ratio | 2.90 | 2.90 | 2.00 | 1.70 | 1.78 | 2.09 | 2.04 | 2.78 | 4.13 | 3.71 | 0.48 |
| Cash Ratio | 1.84 | 1.84 | 0.98 | 0.83 | 0.84 | 0.94 | 0.82 | 1.18 | 2.35 | 2.00 | 0.30 |
| Asset Turnover | — | 0.57 | 0.65 | 0.49 | 0.50 | 0.34 | 0.32 | 0.31 | 0.22 | 0.19 | 0.14 |
| Inventory Turnover | — | — | 27.37 | 23.21 | 16.82 | 30.03 | 24.50 | 19.85 | 11.30 | — | 17.64 |
| Days Sales Outstanding | — | 77.00 | 87.82 | 96.98 | 88.18 | 154.09 | 160.58 | 177.16 | 219.27 | 380.90 | 234.14 |
TDW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tidewater Inc. returns 2.8% to shareholders annually primarily through share buybacks. The earnings yield of 10.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.3% | 13.1% | 6.2% | 2.6% | — | — | — | — | — | — | — |
| FCF Yield | 11.0% | 14.0% | 8.5% | 1.9% | 1.5% | 1.4% | — | — | — | — | 0.6% |
| Buyback Yield | 2.8% | 3.6% | 3.1% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.8% | 3.6% | 3.1% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $50M | $53M | $53M | $44M | $41M | $40M | $38M | $27M | $22M | $18M |
Peer Comparison
Compare TDW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TDWYou | $3B | 9.7 | 6.0 | 9.1 | 30.8% | 21.4% | 27.1% | 15.2% | 1.2 |
 OII | $4B | 10.3 | 8.3 | 17.3 | 20.4% | 10.9% | 39.4% | 23.4% | 1.2 |
 SOLV | $13B | 8.5 | 6.4 | — | 53.5% | 26.2% | 38.9% | 16.9% | 1.9 |
 VTOL | $1B | 9.8 | 8.7 | 22.0 | 21.3% | 9.7% | 13.2% | 6.6% | 4.3 |
 SLB | $72B | 20.5 | 11.1 | 15.1 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $29B | 23.3 | 10.3 | 17.4 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 BKR | $58B | 22.5 | 12.9 | 22.8 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
 BOOM | $144M | -7.8 | 6.3 | 3.9 | 22.2% | 0.6% | -4.1% | 0.5% | 3.3 |
 ACDC | $1B | -2.6 | 7.8 | 56.0 | 3.7% | -6.9% | -37.7% | -4.6% | 4.0 |
 NINE | $487M | -9.0 | 17.0 | — | 10.7% | 0.1% | — | 0.1% | 7.7 |
 CVX | $346B | 26.2 | 10.4 | 20.9 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 15 years · Updated daily
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TDW — Frequently Asked Questions
Quick answers to the most common questions about buying TDW stock.
What is Tidewater Inc.'s P/E ratio?
Tidewater Inc.'s current P/E ratio is 9.7x. The historical average is 65.6x. This places it at the 25th percentile of its historical range.
What is Tidewater Inc.'s EV/EBITDA?
Tidewater Inc.'s current EV/EBITDA is 6.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 43.9x.
What is Tidewater Inc.'s ROE?
Tidewater Inc.'s return on equity (ROE) is 27.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -14.1%.
Is TDW stock overvalued?
Based on historical data, Tidewater Inc. is trading at a P/E of 9.7x. This is at the 25th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Tidewater Inc.'s profit margins?
Tidewater Inc. has 30.8% gross margin and 21.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Tidewater Inc. have?
Tidewater Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.