Kodiak Gas Services vs Tidewater
Tidewater reported revenue of $1.4 billion in fiscal 2025, about the same as Kodiak Gas Services' $1.3 billion in fiscal 2025. Kodiak Gas Services' revenue grew 12.8% in its latest year, and Tidewater's grew 0.5%. Kodiak Gas Services had an operating margin of 26.0%, against 20.9% at Tidewater. Free cash flow was $284 million at Kodiak Gas Services and $353 million at Tidewater.
Side by side
| Kodiak Gas Services | Tidewater | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.3B | $1.4B |
| Revenue growth | 12.8% | 0.5% |
| Revenue growth a year, last 5 years | — | 27.8% |
| Gross margin | — | — |
| Operating margin | 26.0% | 20.9% |
| Net margin | 6.2% | 24.7% |
| Free cash flow | $284M | $353M |
| Free cash flow margin | 21.7% | 26.1% |
| Return on capital | 6.3% | 19.4% |
| Net debt to EBITDA | 4.2x | 0.3x |
| Dividends and buybacks | $264M | $90M |
| Change in diluted share count | 3.9% | −5.0% |
| Last close | $45.45 | $84.49 |
| P/E at the last close | 54.1× | 17.2× |
| Insider trades, last 12 months | bought $624,384, sold $674.2 million | sold $9.5 million |
| Piotroski F-score | 5 of 8 | 7 of 8 |
Amounts in each company's own currency, US$ 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
Kodiak Gas ServicesTidewater
Operating margin
Percent of revenue
Kodiak Gas ServicesTidewater
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Kodiak Gas ServicesTidewater
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 Kodiak Gas Services and Tidewater pages.