Tidewater (TDW) Gross Margin (2009 - 2026)
Tidewater (TDW) reported Gross Margin of 47.19% for Q2 2026, down 3.79 percentage points from 50.98% a year earlier and down 1.86 percentage points from the prior quarter.
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Analysis
Tidewater (TDW) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tidewater's Gross Margin came in at 48.37%, down 1.54 percentage points year-over-year; for FY2025, it was 49.69%, up 1.19 percentage points from FY2024.
- Gross Margin has increased for four consecutive years, with a five-year change of +17.39 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 48.50% in FY2024 (+3.60 pp), 44.90% in FY2023 (+6.24 pp), 38.66% in FY2022 (+9.22 pp) and 29.44% in FY2021 (-2.87 pp).
- The Q2 2026 figure ranks as the lowest quarterly Gross Margin since Q3 2023.
- Year over year, Gross Margin has now declined in each of the last three quarters, with an average year-over-year change of +0.62 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2022 (a gain of 11.77 percentage points); the low point was Q2 2026 (a drop of 3.79 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 49.06% (Q1 2026), 48.90% (Q4 2025) and 48.37% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 74.63 Bn | 71.08 Bn | 1.57 Bn | 16.57% |
| 2 | Baker Hughes | 47.66 Bn | 9.39 Bn | 1.96 Bn | 24.39% |
| 3 | Halliburton | 26.71 Bn | 18.61 Bn | 840.00 Mn | 14.73% |
| 4 | TechnipFMC | 24.95 Bn | 20.92 Bn | 728.70 Mn | 25.16% |
| 5 | Noble | 6.61 Bn | 4.69 Bn | 228.22 Mn | 31.32% |
| 6 | Nov | 6.34 Bn | 1.22 Bn | 439.00 Mn | 19.72% |
| 7 | Weatherford International | 6.11 Bn | 1.85 Bn | 374.00 Mn | 32.72% |
| 8 | Transocean | 5.94 Bn | 3.98 Bn | 348.00 Mn | 37.14% |
| 9 | Valaris | 5.60 Bn | 3.35 Bn | 176.30 Mn | 29.70% |
| 10 | Tidewater | 3.51 Bn | 1.34 Bn | 161.54 Mn | 47.19% |
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% |
API Access
Tidewater Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TDW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TDW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TDW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();