Tidewater TDW
NYSE TDW
$93.12 +1.12 (+1.22%)
As of: Sep 9, 2026 · 3:59 PM EDT

Tidewater (TDW) Gross Margin (2009 - 2026)

Tidewater (TDW) recorded quarterly Gross Margin of 47.19% in Q2 2026, down 3.8% on a QoQ basis from 49.06% in Q1 2026, and down 379.0% YoY from 16.92% in Q2 2025.

Analysis

Tidewater (TDW) Gross Margin (2009 - 2026) Analysis & Trends

Tidewater (TDW) has reported Gross Margin for 18 consecutive years, with 47.19% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin fell 379.0% year-over-year to 47.19%; the trailing twelve-month figure through Jun 2026 stood at 48.37% (down 154.0% YoY), and the FY2025 full-year result was 49.69%, up 119.0% from the prior year.
  • Gross Margin was 47.19% for Q2 2026 at Tidewater, down from 49.06% in the prior quarter.
  • The five-year high for Gross Margin was 50.98% in Q2 2025, with the low at 35.2% in Q1 2022.
  • Historically, Gross Margin has averaged 45.55% across 5 years, with a median of 47.56% in 2023.
  • Annual changes were most pronounced in 2022 — Gross Margin soared 1177 bps — and 2026, when it plunged 379 bps.
  • Tracing TDW's Gross Margin over 5 years: stood at 38.15% in 2022, then increased by 25 bps to 47.61% in 2023, then increased by 6 bps to 50.63% in 2024, then dropped by 3 bps to 48.9% in 2025, then slipped by 3 bps to 47.19% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 47.19% in Q2 2026, 49.06% in Q1 2026, and 48.9% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Slb 85.35 Bn 82.46 Bn 4.63 Bn 51.63%
2 Baker Hughes 63.03 Bn 47.48 Bn 1.58 Bn 23.46%
3 Halliburton 30.89 Bn 28.89 Bn 2.10 Bn 36.80%
4 Weatherford International 6.88 Bn 5.75 Bn 662.00 Mn 59.91%
5 Kodiak Gas Services 6.31 Bn 6.18 Bn 246.76 Mn 63.09%
6 Tidewater 4.69 Bn 4.07 Bn 161.54 Mn 47.19%
7 USA Compression Partners 3.95 Bn 3.94 Bn 217.36 Mn 63.53%
8 National Energy Services Reunited 3.50 Bn 3.32 Bn 81.29 Mn 15.61%
9 Liberty Energy 3.36 Bn 2.80 Bn 208.34 Mn 17.53%
10 Select Water Solutions 2.55 Bn 2.61 Bn 76.84 Mn 19.41%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 47.19%
Mar 31, 2026 49.06%
Dec 31, 2025 48.90%
Sep 30, 2025 48.37%
Jun 30, 2025 50.98%
Mar 31, 2025 50.52%
Dec 31, 2024 50.63%
Sep 30, 2024 47.51%
Jun 30, 2024 47.97%
Mar 31, 2024 47.83%
Dec 31, 2023 47.61%
Sep 30, 2023 45.12%
Jun 30, 2023 44.98%
Mar 31, 2023 40.21%
Dec 31, 2022 38.15%
Sep 30, 2022 41.05%
Jun 30, 2022 38.66%
Mar 31, 2022 35.20%
Dec 31, 2021 32.32%
Sep 30, 2021 29.28%