Tidewater (TDW) Operating Margin (2009 - 2026)
Tidewater's (TDW) quarterly Operating Margin came in at 18.08% in Q1 2026, down 443.0% YoY from 5.27% in Q1 2025, and down 4.81% on a QoQ basis from 19.0% in Q4 2025.
Tidewater (TDW) Operating Margin (2009 - 2026) Analysis & Trends
Tidewater (TDW) has 18 years of Operating Margin data on file, last reported at 18.08% in 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 eased to 18.08% in Q1 2026, from 19.0% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 25.5% in Q1 2024 to a low of 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 slumped 459 bps.
- Tracing TDW's Operating Margin over 5 years: stood at 7.02% in 2022, then surged by 197 bps to 20.85% in 2023, then grew by 13 bps to 23.58% in 2024, then retreated by 19 bps to 19.0% in 2025, then slipped by 5 bps to 18.08% in 2026.
- The last three Operating Margin figures came in at 18.08% (Q1 2026), 19.0% (Q4 2025), and 18.37% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 48.02% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 12.74% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | 16.32% |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | -31.83% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 13.62% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 12.28% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 9.68% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 31.76% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 55.10% |
| 10 | Tidewater | 4.76 Bn | 4.15 Bn | 161.54 Mn | 18.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.27% |
| 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% |