Tidewater Inc. (TDW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TDW Revenue Growth
Revenue Breakdown (FY 2025)
TDW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
TDW Revenue Analysis (2014–2025)
As of May 8, 2026, Tidewater Inc. (TDW) generated trailing twelve-month (TTM) revenue of $1.35 billion, reflecting slight decline in growth of -2.2% year-over-year. The most recent quarter (Q1 2026) recorded $326.2 million in revenue, down 3.1% sequentially.
Looking at the longer-term picture, TDW's 5-year compound annual growth rate (CAGR) stands at +27.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.50 billion in 2014.
Revenue diversification analysis shows TDW's business is primarily driven by Vessel (99%), and Product and Service, Other (1%). With over half of revenue concentrated in Vessel, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including OII (+2.4% YoY), SOLV (-0.6% YoY), and VTOL (+5.9% YoY), TDW has underperformed the peer group in terms of revenue growth. Compare TDW vs OII →
TDW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TDWCurrent | $1.3B | -2.2% | +27.8% | 21.4% | |
 OII | $2.8B | +2.4% | +8.8% | 10.9% | |
 SOLV | $8.3B | -0.6% | - | 26.2% | |
 VTOL | $1.5B | +5.9% | +5.5% | 9.7% | |
 SLB | $35.7B | -1.6% | +8.6% | 15.3% | |
 HAL | $22.2B | -1.7% | +9.0% | 10.2% |
TDW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.35B | +0.5% | $416.3M | 30.8% | $290.2M | 21.4% |
| 2024 | $1.35B | +33.3% | $406.4M | 30.2% | $311.3M | 23.1% |
| 2023 | $1.01B | +55.9% | $268.8M | 26.6% | $182.2M | 18.0% |
| 2022 | $647.7M | +74.6% | $129.1M | 19.9% | $26.7M | 4.1% |
| 2021 | $371.0M | -6.5% | $-7,556,000 | -2.0% | $-95,016,000 | -25.6% |
| 2020 | $397.0M | -18.4% | $8.1M | 2.1% | $-186,802,000 | -47.0% |
| 2019 | $486.5M | +19.7% | $52.6M | 10.8% | $-86,604,000 | -17.8% |
| 2018 | $406.5M | +23.1% | $73.1M | 18.0% | $-107,497,000 | -26.4% |
| 2017 | $330.1M | -45.1% | $0 | - | $0 | - |
| 2016 | $601.6M | -38.6% | $62.4M | 10.4% | $-577,853,000 | -96.1% |
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Start ComparisonTDW — Frequently Asked Questions
Quick answers to the most common questions about buying TDW stock.
Is TDW's revenue growth accelerating or slowing?
TDW revenue growth slowed to -2.2%, below the 5-year CAGR of +27.8%. TTM revenue is $1.3B. The deceleration marks a shift from historical growth rates.
What is TDW's long-term revenue growth rate?
Tidewater Inc.'s 5-year revenue CAGR of +27.8% reflects the variable expansion pattern. Current YoY growth of -2.2% is near this long-term average.
How is TDW's revenue distributed by segment?
TDW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.