Tidewater (TDW) Operating Expenses (2009 - 2026)
Tidewater's Operating Expenses came in at $279.76 million for Q2 2026, up 7.4% from $260.51 million a year earlier and up 4.7% from the prior quarter.
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Analysis
Tidewater (TDW) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tidewater reported Operating Expenses of $1.1 billion, up 4.3% year-over-year; for FY2025, it came in at $1.07 billion, up 3.5% from FY2024.
- Operating Expenses has increased in each of the last four years, with a five-year compound annual growth rate of 12.9% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $1.03 billion in FY2024 (+25.0%), $827.77 million in FY2023 (+33.3%), $620.98 million in FY2022 (+33.2%) and $466.05 million in FY2021 (-20.2%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q4 2017.
- Year-over-year, Operating Expenses has increased for four consecutive quarters, with growth averaging 5.8% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2022 (growth of 51.5%), and the weakest in Q2 2025 (a decline of 0.2%).
- Business Quant data shows TDW's Operating Expenses at $267.24 million (Q1 2026), $272.82 million (Q4 2025) and $278.46 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.31 Bn | 69.42 Bn | 1.40 Bn | 324.00 Mn |
| 2 | Baker Hughes | 54.50 Bn | 17.77 Bn | 1.58 Bn | 723.00 Mn |
| 3 | TechnipFMC | 26.69 Bn | 22.84 Bn | 684.70 Mn | 2.28 Bn |
| 4 | Halliburton | 26.49 Bn | 18.25 Bn | 804.00 Mn | 4.94 Bn |
| 5 | Nov | 6.70 Bn | 1.49 Bn | 521.00 Mn | 1.04 Bn |
| 6 | Noble | 6.66 Bn | 4.59 Bn | 239.27 Mn | 689.21 Mn |
| 7 | Transocean | 5.85 Bn | 3.56 Bn | 358.00 Mn | 812.00 Mn |
| 8 | Weatherford International | 5.65 Bn | 1.58 Bn | 333.00 Mn | 998.00 Mn |
| 9 | Valaris | 5.44 Bn | 3.06 Bn | 123.70 Mn | 498.70 Mn |
| 10 | Tidewater | 4.04 Bn | 1.86 Bn | 161.54 Mn | 279.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 279.76 Mn |
| Mar 31, 2026 | 267.24 Mn |
| Dec 31, 2025 | 272.82 Mn |
| Sep 30, 2025 | 278.46 Mn |
| Jun 30, 2025 | 260.51 Mn |
| Mar 31, 2025 | 258.40 Mn |
| Dec 31, 2024 | 263.71 Mn |
| Sep 30, 2024 | 270.41 Mn |
| Jun 30, 2024 | 261.10 Mn |
| Mar 31, 2024 | 239.27 Mn |
| Dec 31, 2023 | 239.56 Mn |
| Sep 30, 2023 | 243.59 Mn |
| Jun 30, 2023 | 176.01 Mn |
| Mar 31, 2023 | 168.61 Mn |
| Dec 31, 2022 | 173.63 Mn |
| Sep 30, 2022 | 172.70 Mn |
| Jun 30, 2022 | 161.61 Mn |
| Mar 31, 2022 | 113.04 Mn |
| Dec 31, 2021 | 132.17 Mn |
| Sep 30, 2021 | 113.97 Mn |
API Access
Tidewater Operating Expenses 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=operating-expenses&ticker=TDW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=TDW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();