The Tidewater reports a gross margin of 48.1%, an operating margin of 18.4%, an EBITDA margin of 28.2%, and a net margin of 18.3%. Net margin expanded the most, by 3.7 percentage points, while EBITDA margin contracted the most, by 7.1 percentage points.
TDW margin history
Over the last 3 years, Tidewater's margins averaged 47.93% gross, 21.17% operating, 33.05% EBITDA, and 15.03% net. Currently, gross and net margins are above their three-year averages, while operating and EBITDA margins are below their three-year averages.
TDW margin expansion
The strongest improvement was in net margin, which increased by 3.7 percentage points, whereas gross margin contracted by 1.4 percentage points, operating margin by 4.2 percentage points, and EBITDA margin by 7.1 percentage points.
TDW Gross margin
Tidewater's gross margin averaged 47.93% over the last 3 years. Against its three-year average, Tidewater's gross margin is currently 48.1%, 0.2 percentage points above its three-year average. Over the last 3 years, Tidewater's gross margin peaked at 49.6% in Sep 2025 and reached a low of 44.5% in Dec 2023.
TDW Operating margin
Tidewater's operating margin averaged 21.17% across the past 3 years. Compared with its three-year average, Tidewater's current operating margin is 18.4% and is 2.8 percentage points below its three-year average. Over the last 3 years, Tidewater's operating margin peaked at 23.1% in Dec 2024 and reached a low of 18% in Dec 2023.
TDW EBITDA margin
Looking at the last 3 years, Tidewater had an average EBITDA margin of 33.05%. Tidewater's current EBITDA margin is 28.2% and is 4.9 percentage points below its three-year average. Looking back over the last 3 years, Tidewater's EBITDA margin reached 35.5% at its highest point in Sep 2024 and 28.2% at its lowest in Jun 2026.
TDW Net margin
Over the last 3 years, the average net margin for Tidewater was 15.03%. Compared with its three-year average, Tidewater's current net margin is 18.3% and is 3.3 percentage points above its three-year average. Tidewater's net margin ranged from a low of 9.6% in Dec 2023 to a high of 24.7% in Dec 2025.
TDW margin group comparison
With a gross margin of 48.1%, TDW ranks higher than the Energy sector and the industry average. In comparison with the Energy sector average of 42.5%, Tidewater's gross margin is 13% higher.
TDW margin peer comparison
Frequently asked questions
What is Tidewater's gross margin?
As of Jun 30, 2026, TDW has a gross margin of 48.1%.
What is Tidewater's operating margin?
For the period ending Jun 30, 2026, TDW recorded an operating margin of 18.4%.
What is Tidewater's EBITDA margin?
As of Jun 30, 2026, TDW has an EBITDA margin of 28.2%.
What is Tidewater's net margin?
As of Jun 30, 2026, TDW has a net margin of 18.3%.
What are the average margins of TDW?
Tidewater's gross, operating, EBITDA, and net margins averaged 47.9% gross, 21.2% operating, 33.1% EBITDA, and 15.0% net over the last 3 years.
What are the highest historical margins of TDW?
In the last 5 years, the highest margins reported by TDW were 49.6% gross in Sep 2025, 23.1% operating in Dec 2024, 35.5% EBITDA in Sep 2024, and 24.7% net in Dec 2025.
What are the lowest historical margins of TDW?
Over the last 5 years, Tidewater's lowest margins were 28.8% gross in Dec 2021, -25.6% operating in Dec 2021, -9.2% EBITDA in Dec 2021, and -34.8% net in Dec 2021.