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Employees: 352
Size Tidewater Midstream & Infrastructure (TWM.TO) is a Canada Industrials company (Wholesale Distributors) with a market value of $337M, the 408th largest of 420 Canada companies the cockpit tracks. Shares closed at C$21.50 on 6 Nov 2026.
Performance Over six months the shares gained 43.1%, against -7.7% for the median peer and +5.2% for the Canada market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 15.5% over the last twelve months (peer median +10.0%); the operating margin is 5.5% (peer median 3.8%).
Valuation It trades at 5.5× forward earnings against a peer median of 10.2× (cheapest of 5).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.2 points above its cost of capital (5.6% WACC).
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.61B | C$1.32B | C$1.64B | C$2.21B | C$2.88B |
| Revenue growth | — | -20% | -26% | -23% | — |
| Gross profit | C$121M | -C$28.9M | C$99.9M | C$55.9M | C$144M |
| EBITDA | C$160M | C$19.0M | C$164M | C$108M | C$183M |
| Net income | -C$76.2M | -C$112M | -C$26.6M | -C$386M | C$8.50M |
| Free cash flow | C$33.6M | -C$11.8M | -C$133M | -C$234M | -C$159M |
| Capital expenditure | C$21.0M | C$22.6M | C$44.9M | C$293M | C$349M |
| Total debt | C$533M | C$575M | C$573M | C$774M | C$922M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TWM.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.9% | -8.0% | 6th lowest of 21 |
| 6-month return | +43.1% | -7.7% | 3rd highest of 21 |
| Distance from 52-week high | -19.1% | -18.2% | 10th lowest of 21 |
| Revenue growth (TTM) | +15.5% | +10.0% | 7th highest of 21 |
| Operating margin | 5.5% | 3.8% | 8th highest of 21 |
| Forward P/E | 5.5× | 10.2× | cheapest of 5 |
| Growth the price implies (Req g, 7 yrs) | -3.8% | -1.8% | 7th least demanding of 15 |
| Growth delivered (Del g) | +6.1% | +5.4% | 7th highest of 15 |
| Hurdle (Req g minus delivered) | -9.9 pp | -10.4 pp | 8th least demanding of 15 |
| ROIC minus cost of capital | +3.2 pp | +0.3 pp | 8th highest of 21 |
| EV / EBITDA | 6.5× | 8.1× | 4th cheapest of 13 |
| Net debt / EBITDA | 3.3× | 1.9× | 6th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tidewater Midstream & Infrastructure TWM.TO | Canada | $337M | +43% | +16% | 6% | 5.5× | -3.8% | +6.1% |
| Yashima Denki 3153.T | Japan | $339M | -15% | +13% | 10% | n/a | -10.6% | +4.7% |
| Aurora 2373.TW | Taiwan | $342M | -11% | -3% | 7% | n/a | -4.4% | -3.8% |
| Xinjiang International Industry 000159.SZ | China | $342M | -27% | +37% | 4% | n/a | n/a | n/a |
| Sato Sho-ji 8065.T | Japan | $331M | -10% | +5% | 3% | n/a | n/a | n/a |
| Teqnion TEQ.ST | Sweden | $330M | +21% | +12% | 11% | n/a | 2.4% | +22.3% |
| Test Rite International 2908.TW | Taiwan | $330M | +4% | -1% | 2% | n/a | 9.7% | -4.3% |
| CHS Inc 8 % Cum Red Pfd Registered CHSCP | United States | $316M | -8% | +11% | 1% | n/a | -11.0% | +0.4% |
| APAC Resources 1104.HK | Hong Kong | $313M | -35% | +197% | 54% | n/a | n/a | n/a |
| Kanaden 8081.T | Japan | $307M | 0% | +13% | 4% | n/a | -15.6% | +6.1% |
| Sanyo Trading 3176.T | Japan | $381M | +33% | +7% | 5% | 9.7× | -5.2% | +11.8% |
| Nanjing Business & Tourism 600250.SS | China | $388M | -24% | 0% | 9% | n/a | 12.7% | -4.9% |
| Shanghai Tianyong Engineering 603895.SS | China | $393M | -15% | +28% | 3% | n/a | n/a | n/a |
| Solum 248070.KS | South Korea | $398M | -42% | +16% | 4% | 10.7× | n/a | n/a |
| Bapcor BAP.AX | Australia | $399M | +66% | -3% | 2% | 27.6× | 7.2% | +1.8% |
| Meko MEKO.ST | Sweden | $406M | -5% | -1% | 2% | 9.7× | 2.2% | +9.4% |
| Kpp 9274.T | Japan | $411M | +13% | -1% | 2% | n/a | -0.7% | +8.6% |
| Fujian Haiqin Energy 600753.SS | China | $412M | -7% | +193% | 5% | n/a | n/a | n/a |
| Suzuden 7480.T | Japan | $271M | +97% | +26% | 6% | n/a | -6.2% | +0.3% |
| Sync-Tech System 7815.TWO | Taiwan | $270M | -45% | +9% | 25% | n/a | 9.8% | +22.1% |
| UNISOL 7128.T | Japan | $420M | +31% | -1% | 2% | n/a | -2.9% | +24.5% |