# TIDEWATER INC (TDW) · Edgar & Edgarette company card

> Tidewater (TDW) grew revenue 0.5% in FY2025 to $1.4 billion, operating margin 20.9% against a 18.9% median for water transportation, equity 57.2% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 98222 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/TDW) · [JSON](https://www.pops4.com/boards/company/TDW.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.4B |
| Revenue growth, 1 year | 0.5% |
| Revenue growth per year | 38.2% |
| Operating margin | 20.9% (prior year 23.1%) |
| Net margin | 24.7% |
| Operating cash flow | $379M |
| Capital spending | $26M |
| Free cash flow | $353M |
| Cash | $579M |
| Long-term debt | $670M |
| Total assets | $2.4B |
| Total equity | $1.4B |
| Equity ÷ assets | 57.2% |
| Return on equity | 24.5% |
| Dividend per share | $0.75 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: 3.43 (safe zone)
- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: Sound ship · one warning sign · revenue is hard to predict: its 80% range is ±26%
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $1.4B (FY2025), total debt $670.1M. Experience: revenue up 0.5% on the year, up 38.2% a year over 4 years; operating margin 20.9%, down from 23.1%. Soundness: equity 57.2% of assets, return on equity 24.5%, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.2B and $2.0B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $944.2M to $2.4B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, water transportation): operating margin 20.9% against a 18.9% median; growth 0.5% against 1.8%.

Range logged 2026-09-28, receipt cf8a989de0e766e0, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-06-18 ([filing](https://www.sec.gov/Archives/edgar/data/98222/000110465926075757/0001104659-26-075757-index.htm))

## Recent filings

- 8-K · filed 2026-10-05 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation · [filing](https://www.sec.gov/Archives/edgar/data/98222/000110465926113492/0001104659-26-113492-index.htm)
- 8-K · filed 2026-09-25 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/98222/000110465926111052/0001104659-26-111052-index.htm)
- 8-K · filed 2026-08-31 · 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/98222/000110465926103962/0001104659-26-103962-index.htm)
- 8-K · filed 2026-08-03 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/98222/000143774926025451/0001437749-26-025451-index.htm)
- 10-Q · filed 2026-08-03 · [filing](https://www.sec.gov/Archives/edgar/data/98222/000143774926025450/0001437749-26-025450-index.htm)
- 8-K · filed 2026-07-06 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/98222/000143774926022594/0001437749-26-022594-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000098222.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=98222

## Cite

POPS4, Edgar & Edgarette: TIDEWATER INC (TDW) company card, from the company's own SEC filings, accessed 2026-11-02, https://www.pops4.com/boards/company/TDW. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.