TIDEWATER INC
TDDWW · Industrials · FY2025 filings · · No moat ·
Doesn't clear the bar
The five investor questions
2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $371M to $1.4B, increasing; diluted EPS -3.14 to 6.64, increasing.
Median gross margin 1.4% over 5y, variable.
Median ROIC -3.9%, above the 12% hurdle in 20% of years.
Net debt/EBITDA 0.2x, interest coverage 4x.
Owner earnings changed trend unclear over up to the ten most recent annual observations.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- $194M
- $43.57
- $43.57
- Unavailable — no recent price
- No price data
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Among the current top-score group, the median current price is 238% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.
Score records captured Sep 4, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, CPRT, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, INTU, DECK, MORN, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE
Missing a usable price or zero-growth estimate: ANF.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
18 years of fundamentals
The business, in plain English
Across the filed record, revenue shrank from $1.4B (FY2009) to $1.4B (FY2025) — about −0.2% a year compounded over 16 years.
It earned 19.6% on invested capital in the latest filed year, FY2025. Across the full 17-year measurable filed record, median ROIC was 2.8%. Over the v3 recent window (10 measurable filed years), median ROIC was −3.9%. The Returns on Capital filter above scores it 7/100.
The balance sheet carried $655M of total debt in FY2025 against $460M of owner earnings — roughly 1.4 years of owner earnings to retire it all. Balance-Sheet Safety scores it 58/100.
Put together: Business Trend is the strongest of the five filters (85/100) and Pricing Power the weakest (0/100), which is how TDDWW lands at 35/100 — a None moat.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Exact FY and FY-1 financing invested-capital inputs are required.
The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Score history begins Sep 4, 2026 — the record builds forward from here.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
None yet — TDDWW has read No moat for every logged capture since Sep 4, 2026.
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for TDDWW.
Industrials context
#293 of 447 scored Industrials companies, ranked by Moat Score.
Nearest peers by Moat Score
- #291FTEK FUEL TECH, INC.35.2 out of 100, No moatNo moat
- #292FDXF FedEx Freight Holding Company, Inc.35.1 out of 100, No moatNo moat
- #294RRX REGAL REXNORD CORP34.8 out of 100, No moatNo moat
- #295BOOM DMC GLOBAL INC.34.5 out of 100, No moatNo moat
Compare TDDWW with its nearest peers →All Industrials companies on the Index →
Common questions about TDDWW
- Does TIDEWATER INC have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores TIDEWATER INC (TDDWW) 34.9 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 85, pricing power 0, returns on capital 7, balance-sheet safety 58, capital allocation 24.
- How has TDDWW's Moat Score changed over time?
- The record logs 1 reading since Sep 4, 2026; the latest reads 34.9 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.