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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |