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Side-by-side financial comparison of StubHub Holdings, Inc. (STUB) and TIDEWATER INC (TDW). Click either name above to swap in a different company.

StubHub Holdings, Inc. is the larger business by last-quarter revenue ($468.1M vs $336.8M, roughly 1.4× TIDEWATER INC). TIDEWATER INC runs the higher net margin — 65.3% vs -276.6%, a 341.8% gap on every dollar of revenue. On growth, StubHub Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -2.4%). StubHub Holdings, Inc. produced more free cash flow last quarter ($180.3M vs $147.8M).

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

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.

STUB vs TDW — Head-to-Head

Bigger by revenue
STUB
STUB
1.4× larger
STUB
$468.1M
$336.8M
TDW
Growing faster (revenue YoY)
STUB
STUB
+10.3% gap
STUB
7.9%
-2.4%
TDW
Higher net margin
TDW
TDW
341.8% more per $
TDW
65.3%
-276.6%
STUB
More free cash flow
STUB
STUB
$32.5M more FCF
STUB
$180.3M
$147.8M
TDW

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
STUB
STUB
TDW
TDW
Revenue
$468.1M
$336.8M
Net Profit
$-1.3B
$219.9M
Gross Margin
Operating Margin
-292.3%
19.0%
Net Margin
-276.6%
65.3%
Revenue YoY
7.9%
-2.4%
Net Profit YoY
-3821.6%
495.8%
EPS (diluted)
$-4.27
$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.

Revenue
STUB
STUB
TDW
TDW
Q4 25
$336.8M
Q3 25
$468.1M
$341.1M
Q2 25
$341.4M
Q1 25
$333.4M
Q4 24
$345.1M
Q3 24
$433.8M
$340.4M
Q2 24
$339.2M
Q1 24
$321.2M
Net Profit
STUB
STUB
TDW
TDW
Q4 25
$219.9M
Q3 25
$-1.3B
$-806.0K
Q2 25
$72.9M
Q1 25
$42.7M
Q4 24
$36.9M
Q3 24
$-33.0M
$46.4M
Q2 24
$50.4M
Q1 24
$47.0M
Operating Margin
STUB
STUB
TDW
TDW
Q4 25
19.0%
Q3 25
-292.3%
18.4%
Q2 25
23.7%
Q1 25
22.5%
Q4 24
23.6%
Q3 24
2.8%
20.6%
Q2 24
23.0%
Q1 24
25.5%
Net Margin
STUB
STUB
TDW
TDW
Q4 25
65.3%
Q3 25
-276.6%
-0.2%
Q2 25
21.4%
Q1 25
12.8%
Q4 24
10.7%
Q3 24
-7.6%
13.6%
Q2 24
14.8%
Q1 24
14.6%
EPS (diluted)
STUB
STUB
TDW
TDW
Q4 25
$4.37
Q3 25
$-4.27
$-0.02
Q2 25
$1.46
Q1 25
$0.83
Q4 24
$0.70
Q3 24
$-0.15
$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
STUB
STUB
TDW
TDW
Cash + ST InvestmentsLiquidity on hand
$1.4B
$578.8M
Total DebtLower is stronger
$1.7B
$670.1M
Stockholders' EquityBook value
$1.7B
$1.4B
Total Assets
$5.6B
$2.4B
Debt / EquityLower = less leverage
0.98×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STUB
STUB
TDW
TDW
Q4 25
$578.8M
Q3 25
$1.4B
$428.2M
Q2 25
$369.4M
Q1 25
$341.8M
Q4 24
$324.9M
Q3 24
$1.1B
$280.8M
Q2 24
$315.9M
Q1 24
$280.9M
Total Debt
STUB
STUB
TDW
TDW
Q4 25
$670.1M
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
$647.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
STUB
STUB
TDW
TDW
Q4 25
$1.4B
Q3 25
$1.7B
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$815.9M
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
STUB
STUB
TDW
TDW
Q4 25
$2.4B
Q3 25
$5.6B
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.0B
Q2 24
$2.1B
Q1 24
$2.1B
Debt / Equity
STUB
STUB
TDW
TDW
Q4 25
0.49×
Q3 25
0.98×
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
STUB
STUB
TDW
TDW
Operating Cash FlowLast quarter
$181.4M
$153.0M
Free Cash FlowOCF − Capex
$180.3M
$147.8M
FCF MarginFCF / Revenue
38.5%
43.9%
Capex IntensityCapex / Revenue
0.2%
1.5%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$353.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STUB
STUB
TDW
TDW
Q4 25
$153.0M
Q3 25
$181.4M
$54.7M
Q2 25
$85.4M
Q1 25
$86.0M
Q4 24
$100.0M
Q3 24
$49.0M
Q2 24
$78.6M
Q1 24
$54.8M
Free Cash Flow
STUB
STUB
TDW
TDW
Q4 25
$147.8M
Q3 25
$180.3M
$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
FCF Margin
STUB
STUB
TDW
TDW
Q4 25
43.9%
Q3 25
38.5%
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%
Capex Intensity
STUB
STUB
TDW
TDW
Q4 25
1.5%
Q3 25
0.2%
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%
Cash Conversion
STUB
STUB
TDW
TDW
Q4 25
0.70×
Q3 25
Q2 25
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.

Revenue Breakdown by Segment

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

TDW
TDW

Segment breakdown not available.

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