West Africa was Tidewater’s largest segment in fiscal 2025, bringing in $1.45B of $5.36B (27%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2017 | FY 2018 | FY 2019 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Africa/Europe | — | — | — | — | |||||||||||
| Sub-Saharan Africa/Europe | — | — | — | — | |||||||||||
| West Africa | $761.40M | $1.10B | $1.52B | $1.45B | |||||||||||
| Europe & Mediterranean | $518.31M | $920.87M | $1.33B | $1.37B | |||||||||||
| Americas | $587.48M | $948.82M | $1.05B | $1.08B | |||||||||||
| Asia Pacific | $256.92M | $488.94M | $841.31M | $758.99M | |||||||||||
| Middle East | $441.50M | $541.50M | $608.75M | $690.29M | |||||||||||
| Asia/Pacific | — | — | — | — | |||||||||||
| Middle East/North Africa | — | — | — | — | |||||||||||
| Middle East/N. Africa | — | — | — | — | |||||||||||
| Middle East & Asia Pacific | — | — | — | — | |||||||||||
| Middle East/Asia Pacific | — | — | — | — | |||||||||||
| Europe/Mediterranean | — | — | — | — | |||||||||||
| Total | $2.57B | $4.00B | $5.35B | $5.36B |
Tidewater brought in $5.36B from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 0.1% from $5.35B in fiscal 2024. West Africa was the largest at $1.45B (27.1%), ahead of Europe & Mediterranean at $1.37B (25.7%) and Americas at $1.08B (20.2%). The other two segments brought in $1.45B combined.
Compared with fiscal 2024, Middle East grew fastest, up 13.4% to $690.29M, while Asia Pacific fell the most, down 9.8% to $758.99M. From fiscal 2022 to 2025, combined revenue from these segments grew from $2.57B to $5.36B, a compound annual growth rate of 27.8%. West Africa's share of the total fell from 29.7% to 27.1%.
Other Countries was Tidewater’s largest region in fiscal 2025, bringing in $2.45B of $5.41B (45%).
| Geography | FY 2024 | FY 2025 |
|---|---|---|
| Other Countries | $2.40B | $2.45B |
| Angola | $578.26M | $623.38M |
| United Kingdom | $588.70M | $596.02M |
| Saudi Arabia | $517.33M | $535.13M |
| Australia | $523.15M | $433.88M |
| Norway | $448.67M | $469.78M |
| United States | $326.19M | $298.46M |
| Total | $5.38B | $5.41B |
Tidewater brought in $5.41B from its seven regions in fiscal 2025, the year ended December 31, 2025. That was up 0.5% from $5.38B in fiscal 2024. Other Countries was the largest at $2.45B (45.4%), ahead of Angola at $623.38M (11.5%) and United Kingdom at $596.02M (11.0%). The other four regions brought in $1.74B combined.
Compared with fiscal 2024, Angola grew fastest, up 7.8% to $623.38M, while Australia fell the most, down 17.1% to $433.88M.
Vessel was Tidewater’s largest product and service line in fiscal 2025, bringing in $1.45B of $1.51B (96%).
| Product and Service | FY 2016 | FY 2017 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Worldwide Fleet | — | — | — | — | |||||||
| Vessel | $761.40M | $1.10B | $1.52B | $1.45B | |||||||
| Vessel Revenues | — | — | — | — | |||||||
| Service | — | — | — | — | |||||||
| Product & Service, Other | $25.12M | $43.97M | $32.79M | $55.42M | |||||||
| Other Operating Revenues | — | — | — | — | |||||||
| Total | $786.52M | $1.14B | $1.55B | $1.51B |
Tidewater brought in $1.51B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That is less than the $5.41B it reports by geography, so these lines do not cover all of its revenue. Vessel was the largest at $1.45B (96.3%), ahead of Product & Service, Other at $55.42M (3.7%).
Compared with fiscal 2024, Product & Service, Other grew 69.0% to $55.42M, while Vessel fell 4.6% to $1.45B.
Tidewater (TDW) reports its revenue by segment, by geography and by product and service. In fiscal 2025, West Africa was its largest segment, bringing in $1.45B (27.1% of the total), followed by Europe & Mediterranean at $1.37B (25.7%).
West Africa was Tidewater's largest segment in fiscal 2025, bringing in $1.45B, or 27.1% of the $5.36B total across its five segments.
Other Countries was Tidewater's largest region in fiscal 2025, bringing in $2.45B, or 45.4% of the $5.41B total across its seven regions.
Vessel was Tidewater's largest product and service line in fiscal 2025, bringing in $1.45B, or 96.3% of the $1.51B total across its two product and service lines.
Among Tidewater's segments that make up at least 2% of revenue, Middle East grew fastest in fiscal 2025, up 13.4% from $608.75M to $690.29M.
Every figure comes from Tidewater's annual financial filings, as reported. Each line keeps the name Tidewater gives it, and years follow its fiscal calendar.
Tidewater's revenue by segment goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.