Tidewater IncTDW
What Tidewater Inc does.
Unless otherwise required by the context, the terms “we,” “us,” “our” and “the company” as used herein refer to Tidewater Inc. and its consolidated subsidiaries and predecessors.
We have provided marine and transportation services to the global offshore energy industry since our incorporation in 1956. Our mission includes providing services to our customers with the highest level of operational performance, while complying with laws and regulations, respecting the environment and local communities in which we work and supporting the safety of our people.
We offer a large, diversified fleet of offshore service vessels (OSV) and related support vessels (collectively, vessels), with 208 vessels serving customers in over 30 countries as of December 31, 2025. We believe our global operating footprint allows us to react quickly to changing local market conditions and to be responsive to the changing requirements of our customers. We manage our operations through five geographically aligned reporting segments:
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $397.0M | $371.0M | $647.7M | $1.0B | $1.3B | $1.4B |
| Net income | -$196.2M | -$129.0M | -$21.7M | $97.2M | $180.7M | $334.7M |
| Free cash flow | -$10.9M | $6.1M | $23.6M | $72.6M | $254.9M | $353.3M |
More on TDW.
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Figures from Tidewater Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.