TDW (Tidewater) ROCE %: 11.16% (As of Mar. 2026)

What is Tidewater ROCE %?

Tidewater TDW -0.91% 79 ROCE % is 11.16% as of Mar. 2026. GuruFocus rates TDW with a GF Score™ of 79/100 and a GF Value™ of $83.59 (Modestly Undervalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tidewater's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.16%.

Tidewater (NYSE:TDW) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tidewater ROCE % Related Terms

Tidewater ROCE % Historical Data

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The historical data trend for Tidewater's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tidewater ROCE % Chart

Tidewater Annual Data

Trend

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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-10.79

1.46

13.21

17.40

15.01

Tidewater Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															19.53	21.90	8.32	14.18	11.16

79GF Score

Tidewater Inc TDW

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Tidewater ROCE % Calculation

Tidewater's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	286.335	/	( ( (2074.904 - 331.613)	+	(2386.911 - 315.237) )	/ 2 )
	=	286.335	/	( (1743.291	+	2071.674)	/ 2 )
	=	286.335	/	1907.4825
	=	15.01 %

Tidewater's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	231.08	/	( ( (2386.911 - 315.237)	+	(2340.67 - 269.925) )	/ 2 )
	=	231.08	/	( ( 2071.674	+	2070.745 )	/ 2 )
	=	231.08	/	2071.2095
	=	11.16 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 11.16% mean?

Tidewater (TDW) has a ROCE % of 11.16% as of Mar. 2026.

Is Tidewater's ROCE % too high?

Tidewater's current ROCE % is 11.16%. The Oil & Gas industry median ROCE % is 6.79. Tidewater's value of 11.16% is 64.4% above this industry median. Overall, Tidewater has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Tidewater's ROCE % compare to OII and USAC?

Tidewater's ROCE % of 11.16% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Tidewater's value of 11.16% is 64.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tidewater's current ROCE % of 11.16% is 64.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tidewater's current ROCE % is 11.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tidewater stock overvalued right now?

Based on GuruFocus' analysis, Tidewater (TDW) is currently considered Modestly Undervalued. The stock's GF Value™ is $83.59, compared to a current price of $65.16 — trading 22% below its estimated fair value. The current ROCE % is 11.16% and 64.4% above the Oil & Gas industry median of 6.79. Tidewater's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Tidewater (TDW), the current ROCE % is 11.16% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tidewater (TDW) Overvalued in 2026?

Based on GuruFocus' analysis, Tidewater stock appears to be undervalued. The current stock price of $65.16 is trading 22% below its estimated GF Value™ of $83.59. GuruFocus considers Tidewater to be Modestly Undervalued.

Key valuation signals for TDW:

ROCE %: 11.16%
GF Value™: $83.59 vs. price of $65.16 (22% below fair value)
GF Score™: 79/100 with 3 warning signs
Industry Position: 64.4% above the Oil & Gas median

No single metric tells the full story. See the TDW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tidewater Business Description

Industry Energy Oil & Gas

Comparable Companies OII USAC WHD SEI LBRT NESR WTTR NEXT AESI LB SLB BKR HAL MIL:TEN FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT SHSE:601808

Other Exchanges TDW:Mexico TD9:Germany

Address 842 West Sam Houston Parkway North, Suite 400, Houston, TX, USA, 77024

Website https://www.tdw.com

Tidewater Inc provides marine and transportation services to the offshore energy industry. The company's vessels and associated services support all phases of offshore crude oil and natural gas (also referred to as oil and gas) exploration activities, field development, production, and maintenance, as well as windfarm development and maintenance. Its services include towing and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workovers, production activities, field abandonment, dismantlement, and restoration activities; and Others. The group manages its business through five segments, including the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa.

79GF Score

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$65.16

Price

$83.59

GF Value

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