Hornbeck Offshore Services vs Tidewater
Hornbeck Offshore Services and Tidewater are similar in size: $1.29bn and $1.35bn of revenue in their latest fiscal years. Tidewater grew faster (0.5% against -4.9%). Tidewater kept more of each dollar of sales as profit: a net margin of 24.7% against 2.4%. Hornbeck Offshore Services carries less debt relative to equity (19.9% against 49.1%).
| Latest fiscal year | Hornbeck Offshore ServicesHOS, 2025 | TidewaterTDW, 2025 |
|---|---|---|
| Revenue | $1.29bn | $1.35bn |
| Revenue growth | -4.9% | 0.5% |
| Net income | $30.8m | $335m |
| Operating margin | 5.0% | 20.9% |
| Net margin | 2.4% | 24.7% |
| Return on equity | 2.0% | 27.0% |
| Free cash flow | $120m | $353m |
| Cash | $418m | $579m |
| Total debt | $315m | $670m |
| Debt to equity | 19.9% | 49.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $90.1m |
| Employees | 2,212 | — |
| Market value | $937m | $3.89bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 32 (Weak) | 28 (Weak) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 12 sales |