Tidewater earns strong margins of 22% with free cash flow at 129% of net income and a Piotroski financial health score of 8 out of 9, but revenue has declined 43% year-over-year and the company has missed earnings estimates in 2 of the last 4 quarters — including an 82% miss in the most recent quarter — while the stock price has essentially reached the analyst target.
Thesis pillars
- Strong Cash Conversion Quality→Stable
- Revenue Decline Concern↑Improving
- Platform Supply Vessel Concentration↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Mar 2, 2026· older than 90 days
Tidewater Inc. (TDW) Stock Analysis
Temporary headwind edge
Energy · Oil & Gas Equipment & Services
Sell if holding. At $77.44, A.R:R 0.8:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.3%; Concentration risk — Product: PSVs (72.3%).
Tidewater provides offshore vessel services to the global oil and gas and offshore wind industries, operating 208 vessels across five geographic segments—Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. Revenue comes primarily from PSV time-charter day... Read more
Sell if holding. At $77.44, A.R:R 0.8:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.3%; Concentration risk — Product: PSVs (72.3%). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.7/10, moderate confidence.
Passes 3/7 gates (clean insider activity, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and earnings proximity 5d<=7d. Suitability: aggressive.
Recent developments
No fresh coverage since Oct 15, 2026
Recent Developments — Tidewater Inc.
Latest news
- NEWS Black Bear highlights Tidewater outlook for Tidewater stock - ad-hoc-news.de — ad-hoc-news.de Oct 15, 2026 neutral
- NEWS Tidewater Inc (TDW) Stock Down 4.8% but Still Overvalued -- GF S - GuruFocus — GuruFocus Oct 15, 2026 negative
- NEWS Tightening Fleet Supply Positioned Tidewater (TDW) for Multi-Year Offshore Energy Expansion - Yahoo Finance — Yahoo Finance Oct 14, 2026 positive
- NEWS Tidewater (TDW) After Its Acquisition Led Fleet Expansion Still Looks Undervalued - Simply Wall Street — Simply Wall Street Oct 14, 2026 positive
- NEWS TDW|Tidewater Inc|Price:75.367|Chg%:+1.887 - TradingKey — TradingKey Jul 30, 2026 neutral
Latest item Oct 15, 2026 · Generated 2026-11-04T11:49:38Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductPSVs72%10-K Item 1: 'our PSVs contributed approximately 72.3% of our vessel revenue.'
- MEDIUMCustomertop-10 customers48%10-K Item 1: 'our ten largest customers accounted for approximately 47.9% of our total revenues.'
Material Events(8-K, last 90d)
- 2026-03-19Item 5.02LOWDirector Darron M. Anderson notified the Board on March 17, 2026 of his intent not to stand for reelection at the 2026 Annual Meeting. No disagreement cited. Board size will reduce from 8 to 7 directors.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $77.44, A.R:R 0.8:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.3%; Concentration risk — Product: PSVs (72.3%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $73.50. Score 5.7/10, moderate confidence.
Analyst target: $83.08 (+7.3% upside). Prior stop was $73.50. Stop-loss: $73.50.
Concentration risk — Product: PSVs (72.3%); Thin upside margin: 7.3%; Earnings in 5 days (event risk).
Tidewater Inc. trades at a P/E of 15.8 (forward 12.7). TrendMatrix value score: 7.9/10. Verdict: Sell.
14 analysts rate TDW, with a consensus score of 3.7/5. 8 analysts publish price targets averaging $96.
What does Tidewater Inc. do?Tidewater provides offshore vessel services to the global oil and gas and offshore wind industries, operating 208...
Tidewater provides offshore vessel services to the global oil and gas and offshore wind industries, operating 208 vessels across five geographic segments—Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. Revenue comes primarily from PSV time-charter day rates (72.3% of 2025 vessel revenue), with the ten largest customers representing 47.9% of total revenues.