Tidewater vs Cactus
Tidewater reported revenue of $1.4 billion in fiscal 2025, 1.3 times Cactus' $1.1 billion in fiscal 2025. Tidewater's revenue grew 0.5% in its latest year, and Cactus' fell 4.5%. Tidewater had an operating margin of 20.9%, against 23.2% at Cactus.
Side by side
| Tidewater | Cactus | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.4B | $1.1B |
| Revenue growth | 0.5% | −4.5% |
| Revenue growth a year, last 5 years | 27.8% | 25.4% |
| Gross margin | — | 37.0% |
| Operating margin | 20.9% | 23.2% |
| Net margin | 24.7% | 15.4% |
| Free cash flow | $353M | — |
| Free cash flow margin | 26.1% | — |
| Return on capital | 19.4% | 17.1% |
| Net debt to EBITDA | 0.3x | −0.3x |
| Dividends and buybacks | $90M | $43M |
| Change in diluted share count | −5.0% | — |
| Last close | $84.49 | $64.34 |
| P/E at the last close | 17.2× | — |
| Insider trades, last 12 months | sold $9.5 million | sold $35.7 million |
| Piotroski F-score | 7 of 8 | — |
Amounts in each company's own currency, US$ 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
TidewaterCactus
Operating margin
Percent of revenue
TidewaterCactus
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
TidewaterCactus