The financials
Tidewater Inc. by the numbers
Tidewater Inc. (TDW) reported revenue of $342M in Q2 2026 (quarter ended June 30, 2026), up 0.3% from the same quarter a year earlier. That came with a gross margin of 100% and net income of $22M (6.3% of revenue). For the full year FY2025, revenue was $1.35B (+0.5% year on year) and net income $335M. Its largest segment in 2026-Q1 was Europe And Mediterranean at $87M, 26.9% of the disclosed total, just ahead of West Africa at 26.5%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $342M | $341M | +0.3% |
| Gross profit | $341M | $338M | +0.9% |
| Operating income | $63M | $81M | −23% |
| Net income | $22M | $73M | −70% |
| Diluted EPS | $0.43 | $1.46 | −71% |
| Operating | Revenue | Share |
|---|---|---|
| Europe And Mediterranean | $87M | 27% |
| West Africa | $86M | 27% |
| Americas1 | $59M | 18% |
| Asia Pacific1 | $47M | 14% |
| Middle East1 | $46M | 14% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $323.4M (-4.5%)
Europe And Mediterranean grew +11% year on yearWest Africa -19% year on year
Segment Latestquarter on quarteryear on year
- Europe And Mediterranean$86.9M$86.9MQoQ +3.8%year on year +11%+3.8%+11%
- West Africa$85.8M$85.8MQoQ +4.6%year on year -19%+4.6%-19%
- Americas1$58.5M$58.5MQoQ -24%year on year +6.7%-24%+6.7%
- Asia Pacific1$46.6M$46.6MQoQ -13%year on year -3.5%-13%-3.5%
- Middle East1$45.6M$45.6MQoQ +8.4%year on year +5.2%+8.4%+5.2%
Oil & Gas Equipment & Services
Ranks #6 of 27 by Smart Score