Innovex International vs Tidewater
Tidewater reported revenue of $1.4 billion in fiscal 2025, 1.4 times Innovex International's $978 million in fiscal 2025. Innovex International's revenue grew 48.0% in its latest year, and Tidewater's grew 0.5%. Innovex International had an operating margin of 13.6%, against 20.9% at Tidewater.
Side by side
| Innovex International | Tidewater | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $978M | $1.4B |
| Revenue growth | 48.0% | 0.5% |
| Revenue growth a year, last 5 years | 21.8% | 27.8% |
| Gross margin | 31.0% | — |
| Operating margin | 13.6% | 20.9% |
| Net margin | 8.5% | 24.7% |
| Free cash flow | — | $353M |
| Free cash flow margin | — | 26.1% |
| Return on capital | — | 19.4% |
| Net debt to EBITDA | −0.9x | 0.3x |
| Dividends and buybacks | $9M | $90M |
| Change in diluted share count | 37.0% | −5.0% |
| Last close | $30.66 | $84.49 |
| P/E at the last close | 34.4× | 17.2× |
| Insider trades, last 12 months | sold $308.5 million | sold $9.5 million |
| Piotroski F-score | 5 of 9 | 7 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Innovex InternationalTidewater
Operating margin
Percent of revenue
Innovex InternationalTidewater
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Innovex InternationalTidewater
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Innovex International and Tidewater pages.