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Side-by-side financial comparison of Diversified Energy Co (DEC) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $336.8M, roughly 2.0× TIDEWATER INC). TIDEWATER INC runs the higher net margin — 65.3% vs 29.3%, a 36.0% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $147.8M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
DEC vs TDW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $336.8M |
| Net Profit | $195.5M | $219.9M |
| Gross Margin | — | — |
| Operating Margin | 37.6% | 19.0% |
| Net Margin | 29.3% | 65.3% |
| Revenue YoY | — | -2.4% |
| Net Profit YoY | — | 495.8% |
| EPS (diluted) | — | $4.37 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $666.5M | $336.8M | ||
| Q3 25 | $499.8M | $341.1M | ||
| Q2 25 | $600.3M | $341.4M | ||
| Q1 25 | — | $333.4M | ||
| Q4 24 | — | $345.1M | ||
| Q3 24 | — | $340.4M | ||
| Q2 24 | — | $339.2M | ||
| Q1 24 | — | $321.2M |
| Q4 25 | $195.5M | $219.9M | ||
| Q3 25 | $171.1M | $-806.0K | ||
| Q2 25 | $297.7M | $72.9M | ||
| Q1 25 | — | $42.7M | ||
| Q4 24 | — | $36.9M | ||
| Q3 24 | — | $46.4M | ||
| Q2 24 | — | $50.4M | ||
| Q1 24 | — | $47.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 37.6% | 19.0% | ||
| Q3 25 | 36.2% | 18.4% | ||
| Q2 25 | 48.5% | 23.7% | ||
| Q1 25 | — | 22.5% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 25.5% |
| Q4 25 | 29.3% | 65.3% | ||
| Q3 25 | 34.2% | -0.2% | ||
| Q2 25 | 49.6% | 21.4% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | — | 14.6% |
| Q4 25 | — | $4.37 | ||
| Q3 25 | $2.14 | $-0.02 | ||
| Q2 25 | $3.67 | $1.46 | ||
| Q1 25 | — | $0.83 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $0.87 | ||
| Q2 24 | — | $0.94 | ||
| Q1 24 | — | $0.89 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $578.8M |
| Total DebtLower is stronger | $2.7B | $670.1M |
| Stockholders' EquityBook value | $984.1M | $1.4B |
| Total Assets | $6.2B | $2.4B |
| Debt / EquityLower = less leverage | 2.76× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $578.8M | ||
| Q3 25 | — | $428.2M | ||
| Q2 25 | $23.7M | $369.4M | ||
| Q1 25 | — | $341.8M | ||
| Q4 24 | — | $324.9M | ||
| Q3 24 | — | $280.8M | ||
| Q2 24 | — | $315.9M | ||
| Q1 24 | — | $280.9M |
| Q4 25 | $2.7B | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $984.1M | $1.4B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $727.7M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $6.2B | $2.4B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $5.7B | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | 2.76× | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $464.6M | $153.0M |
| Free Cash FlowOCF − Capex | $280.0M | $147.8M |
| FCF MarginFCF / Revenue | 42.0% | 43.9% |
| Capex IntensityCapex / Revenue | 27.7% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.38× | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $153.0M | ||
| Q3 25 | — | $54.7M | ||
| Q2 25 | $264.1M | $85.4M | ||
| Q1 25 | — | $86.0M | ||
| Q4 24 | — | $100.0M | ||
| Q3 24 | — | $49.0M | ||
| Q2 24 | — | $78.6M | ||
| Q1 24 | — | $54.8M |
| Q4 25 | $280.0M | $147.8M | ||
| Q3 25 | — | $49.6M | ||
| Q2 25 | — | $80.2M | ||
| Q1 25 | — | $75.7M | ||
| Q4 24 | — | $95.5M | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $72.3M | ||
| Q1 24 | — | $43.8M |
| Q4 25 | 42.0% | 43.9% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.7% | ||
| Q4 24 | — | 27.7% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 13.6% |
| Q4 25 | 27.7% | 1.5% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | 2.38× | 0.70× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.89× | 1.17× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 1.56× | ||
| Q1 24 | — | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
