Kodiak Gas Services vs Tidewater
Kodiak Gas Services and Tidewater are similar in size: $1.31bn and $1.35bn of revenue in their latest fiscal years. Kodiak Gas Services grew faster (12.8% against 0.5%). Tidewater kept more of each dollar of sales as profit: a net margin of 24.7% against 6.2%. Tidewater carries less debt relative to equity (49.1% against 216.6%).
| Latest fiscal year | Kodiak Gas ServicesKGS, 2025 | TidewaterTDW, 2025 |
|---|---|---|
| Revenue | $1.31bn | $1.35bn |
| Revenue growth | 12.8% | 0.5% |
| Net income | $80.5m | $335m |
| Operating margin | 26.0% | 20.9% |
| Net margin | 6.2% | 24.7% |
| Return on equity | 6.2% | 27.0% |
| Free cash flow | $284m | $353m |
| Cash | $3.2m | $579m |
| Total debt | $2.61bn | $670m |
| Debt to equity | 216.6% | 49.1% |
| Dividend per share | $1.80 | — |
| Dividend yield | 3.9% | — |
| Share buybacks | $104m | $90.1m |
| Employees | 1,300 | — |
| Market value | $4.75bn | $3.89bn |
| Price vs our value range | — | Below our value range |
| Moat score | — | 28 (Weak) |
| Insider trades, 12 months | 3 buys, 21 sales | 0 buys, 12 sales |