Tidewater (TDW) Operating Margin (2009 - 2026)
Tidewater (TDW) posted Operating Margin of 18.08% for Q1 2026, down 4.81% on a QoQ basis from 19.0% in Q4 2025, and down 443.0% year-over-year from 5.27% in Q1 2025.
Tidewater (TDW) Operating Margin (2009 - 2026) Analysis & Trends
Tidewater's Operating Margin history runs 18 years deep, the most recent figure standing at 18.08% for Q1 2026.
- Quarterly Operating Margin fell 443.0% year-over-year to 18.08% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.81% (down 261.0% YoY) and the FY2025 annual result came in at 20.89%, down 224.0% from the prior year.
- Operating Margin was 18.08% for Q1 2026 at Tidewater, down from 19.0% in the prior quarter.
- Across five years, Operating Margin topped out at 25.5% in Q1 2024 and bottomed at 6.91% in Q1 2022.
- A 5-year average of 16.22% and a median of 18.6% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 3328 bps — and 2025, when it sank 459 bps.
- Tidewater's Operating Margin stood at 7.02% in 2022, then jumped by 197 bps to 20.85% in 2023, then rose by 13 bps to 23.58% in 2024, then slipped by 19 bps to 19.0% in 2025, then declined by 5 bps to 18.08% in 2026.
- Business Quant data shows TDW's Operating Margin at 18.08% in Q1 2026, 19.0% in Q4 2025, and 18.37% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 58.70% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 48.92% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 14.51% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 12.57% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 5.80% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 9.68% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 54.06% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 8.35% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 30.89% |
| 10 | Tidewater | 3.87 Bn | 3.32 Bn | 160.04 Mn | 18.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.08% |
| Dec 31, 2025 | 19.00% |
| Sep 30, 2025 | 18.37% |
| Jun 30, 2025 | 23.70% |
| Mar 31, 2025 | 22.51% |
| Dec 31, 2024 | 23.58% |
| Sep 30, 2024 | 20.55% |
| Jun 30, 2024 | 23.03% |
| Mar 31, 2024 | 25.50% |
| Dec 31, 2023 | 20.85% |
| Sep 30, 2023 | 18.60% |
| Jun 30, 2023 | 18.12% |
| Mar 31, 2023 | 12.69% |
| Dec 31, 2022 | 7.02% |
| Sep 30, 2022 | 9.94% |
| Jun 30, 2022 | 1.13% |
| Mar 31, 2022 | -6.91% |
| Dec 31, 2021 | -25.66% |
| Sep 30, 2021 | -23.34% |
| Jun 30, 2021 | -22.41% |