Tidewater (TDW) Gross Margin (2009 - 2026)
Tidewater (TDW) posted Gross Margin of 49.06% for Q1 2026, up 148.88% on a QoQ basis from 100.36% in Q4 2025, and down 147.0% year-over-year from 104.38% in Q1 2025.
Tidewater (TDW) Gross Margin (2009 - 2026) Analysis & Trends
Tidewater's Gross Margin history runs 18 years deep, the most recent figure standing at 49.06% for Q1 2026.
- Quarterly Gross Margin fell 147.0% year-over-year to 49.06% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 37.18% (down 1198.0% YoY) and the FY2025 annual result came in at 49.69%, up 119.0% from the prior year.
- Gross Margin was 49.06% for Q1 2026 at Tidewater, up from 100.36% in the prior quarter.
- Across five years, Gross Margin topped out at 249.76% in Q4 2022 and bottomed at 100.36% in Q4 2025.
- A 5-year average of 79.45% and a median of 50.63% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin soared 14998 bps — and 2024, when it sank 17943 bps.
- Tidewater's Gross Margin stood at 249.76% in 2022, then retreated by 8 bps to 230.05% in 2023, then sank by 78 bps to 50.63% in 2024, then tumbled by 298 bps to 100.36% in 2025, then soared by 149 bps to 49.06% in 2026.
- Business Quant data shows TDW's Gross Margin at 49.06% in Q1 2026, 100.36% in Q4 2025, and 99.63% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 61.69% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 33.87% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 65.69% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 37.69% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 18.47% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 70.23% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 66.20% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 18.38% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 64.46% |
| 10 | Tidewater | 3.87 Bn | 3.32 Bn | 160.04 Mn | 49.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 49.06% |
| Dec 31, 2025 | -100.36% |
| Sep 30, 2025 | 99.63% |
| Jun 30, 2025 | 99.09% |
| 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 | 230.05% |
| Sep 30, 2023 | 45.12% |
| Jun 30, 2023 | 99.83% |
| Mar 31, 2023 | 99.40% |
| Dec 31, 2022 | 249.76% |
| Sep 30, 2022 | 99.69% |
| Jun 30, 2022 | 99.70% |
| Mar 31, 2022 | 35.20% |
| Dec 31, 2021 | 99.78% |
| Sep 30, 2021 | 29.28% |
| Jun 30, 2021 | 28.56% |