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Dawson Geophysical Company

DWSN Energy Oil & Gas Equipment & Services

Dawson Geophysical Company’s revenue for fiscal 2025 (year ended December 2025) was $75.6 million, up 1.98% from fiscal 2024.

Revenue
+81.8%
EPS
−37.5%
Free cash flow
−56.2%
Total debt
+799.3%

Quarter to June 2026, against a year earlier

1.62 0.04 +2.53%
Market cap
$49.1M
P/E
13.5×
Fwd P/E
−2.3×
Dividend yield
0.00%
F-score
5/9
Altman Z
−1.62
Beneish M
−4.25
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.17%

Capital & Financial Ratios $m

Size
Market Cap 49.06
Revenue ttm 104.31
Net income ttm 3.64
Free cash flow ttm (4.21)
Net debt Q 4.01
Valuation
P/E 13.50
Forward P/E (2.28) (negative: loss-making)
Price / sales 0.48
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.51
Financial health
Current ratio Q 0.87 (below 1: weak)
Debt / equity Q 0.51
Interest coverage Q (7.11)
Growth
Revenue growth Q +81.83% (above 0%: growing)
Operating income growth Q −27.75% (below 0%: shrinking)
EPS, this year —
EPS, next year A —
Revenue, next year A +51.85% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +41.80% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.5×; over the ten years it ranged from −0.1× in 2020 to 1.8× in 2026.
P/S against its own 10 years 23.40%
10-year low 10-year high
P/B against its own 10 years 84.78%
10-year low 10-year high
EV/Sales against its own 10 years 54.18%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 16 1 5 6
Receivables 13 10 9 7
Inventory — — — —
Other — — — —
37 15 22 21
2023 2024 2025 Q'26
Payables 4 3 10 7
ST’ Debt — — — —
Other — — — —
22 10 27 23

Compound Annual Growth %

10y 5y 3y
Sales (10.71%) (2.56%) 13.57%
Cash Flow (3.81%) (6.58%) 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (22.78%) (29.53%) (31.32%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY19 Estimate −0.41 Actual −0.49

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY18 −0.25 −0.23 Beat by 0.02
Q4 FY18 −0.20 −0.51 Miss by 0.31
Q1 FY19 −0.25 −0.01 Beat by 0.24
Q2 FY19 −0.41 −0.49 Miss by 0.08

EPS $

Mar Jun Sep Dec Year
’26 0.25 (0.11) — — —
’25 0.03 (0.08) (0.04) 0.02 (0.06)
’24 0.19 (0.12) (0.18) (0.03) (0.13)
’23 (0.02) (0.18) (0.20) (0.07) (0.45)
’22 (0.06) (0.32) (0.32) (0.12) (0.75)
’21 (0.22) (0.38) (0.33) (0.30) (1.23)
’20 0.04 0.06 (0.33) (0.33) (0.56)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 37 18 — — —
’25 16 10 23 27 76
’24 32 13 14 16 74
’23 29 20 23 24 97
’22 22 5 7 18 52
’21 12 0 2 11 25
’20 39 29 9 9 86
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 0 6 — — —
’25 2 15 (5) 2 14
’24 2 6 (4) (5) (2)
’23 (2) 8 (3) (2) 1
’22 (9) 11 (3) (2) (3)
’21 0 (1) (4) (11) (16)
’20 0 9 15 (5) 20
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) 6 — — —
’25 2 14 (10) 1 8
’24 1 5 (4) (6) (3)
’23 (3) 7 (4) (3) (3)
’22 (9) 11 (4) (2) (4)
’21 0 (1) (4) (11) (16)
’20 (2) 8 15 (5) 17
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 138 157 154 146 86 25 52 97 74 76 104 (6.4%) — — — —
Gross margin, % 9.89 11.15 13.76 15.61 19.86 (17.50) 9.85 10.52 15.01 17.21 22.31 +7.3 pt
EBT (44) (37) (25) (15) (13) (29) (19) (12) (4) (2) 4 (29.4%)
EBT margin, % (32.18) (23.70) (16.35) (10.60) (15.30) (117.91) (35.91) (12.64) (5.55) (2.56) 3.52 +29.6 pt
Net income (38) (32) (24) (15) (13) (29) (19) (12) (4) (2) 4 (28.2%)
Per share, $
Per share, $ Revenue 6.07 6.87 6.73 6.29 3.68 1.05 2.07 3.62 2.40 2.44 3.36 (9.6%)
Earnings (1.75) (1.37) (1.07) (0.66) (0.56) (1.23) (0.75) (0.45) (0.13) (0.06) 0.12 (31.3%)
Cash flow 0.39 (0.29) 0.56 0.41 0.84 (0.68) (0.13) 0.03 (0.06) 0.45 0.11 +1.8%
Capex (0.28) (0.32) (0.67) (0.18) (0.10) 0.00 (0.04) (0.13) (0.04) (0.21) (0.24) (3.4%)
Free cash flow 0.11 (0.62) (0.11) 0.23 0.74 (0.68) (0.17) (0.10) (0.10) 0.25 (0.14) +9.7%
Book value 7.53 6.20 5.11 4.45 3.89 2.65 1.95 1.18 0.56 0.51 0.65 (25.9%)
Shares, m 23 23 23 23 23 24 25 27 31 31 31 +3.5%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.50 0.0
P/S 1.25 0.70 0.50 0.38 0.58 2.21 0.96 0.48 0.56 0.64 0.48 0.8
P/B 1.01 0.78 0.66 0.54 0.54 0.88 1.01 1.48 2.39 3.06 2.51 1.2
EV/Sales 0.85 0.49 0.29 0.15 0.04 0.97 0.50 0.33 0.56 0.72 0.52 0.5
EV/FCF 48.76 (5.45) (18.15) 4.11 0.18 (1.49) (5.92) (11.82) (12.98) 7.15 (12.91) 0.4
Cash, $m
Cash, $m Operating cash flow 9 (7) 13 9 20 (16) (3) 1 (2) 14 3 +5.4%
Capex (6) (7) (15) (4) (2) 0 (1) (4) (1) (6) (8) +0.1%
Free cash flow 2 (14) (2) 5 17 (16) (4) (3) (3) 8 (4) +13.6%
Balance, $m
Balance, $m Working capital 61 59 50 47 51 35 28 15 5 (5) (3) n/m
Net debt (55) (33) (33) (34) (46) (31) (24) (15) 0 6 4 n/m
Shareholders’ equity 171 141 117 103 91 62 49 31 17 16 20 (23.2%)
Returns, %
Returns, % ROA (17.61) (17.88) (15.32) (10.93) (11.43) (32.79) (26.13) (19.25) (9.32) (4.47) 7.20 +13.1 pt
ROIC (25.58) (22.00) (18.67) (14.58) (19.66) (57.37) (55.19) (48.96) (16.33) (4.76) 12.43 +20.8 pt
ROE (20.14) (20.37) (18.90) (13.82) (13.59) (37.92) (33.51) (30.28) (16.91) (11.73) 19.96 +8.4 pt
People
People Employees 814 851 582 455 219 190 226 281 233 269 — (11.6%)
Revenue/emp, $m 0.17 0.18 0.26 0.32 0.39 0.13 0.23 0.34 0.32 0.28 — +5.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Dawson Geophysical Company vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OMSE OMS Energy Technologies Inc. $168.1M — — — — +204.37% (above 0%: growing) — — Compare
SND Smart Sand $165.8M 14.6× 10.4× +34.14% (above 0%: growing) −52.73% (below 0%: shrinking) +80.86% (above 0%: growing) 17.23% 8.74% Compare
KLXE KLX Energy Services Holdings, Inc. $101.3M — (loss-making) — (loss-making) +5.22% (above 0%: growing) n/m −48.75% (below 0%: shrinking) 21.76% 1.26% Compare
NINE Nine Energy Service, Inc. $94.7M 8.7× 1.7× −3.70% (below 0%: shrinking) n/m −515.61% (below 0%: shrinking) 14.06% (2.04%) Compare
LSE Leishen Energy Holding Co., Ltd. $74.2M — — — — −89.33% (below 0%: shrinking) — — Compare
DTI Drilling Tools International Corp. $49.7M — (loss-making) — (loss-making) −3.42% (below 0%: shrinking) n/m −13.33% (below 0%: shrinking) 71.34% 0.91% Compare
DWSN Dawson Geophysical Company $49.1M 13.5× — (loss-making) +81.83% (above 0%: growing) n/m −56.16% (below 0%: shrinking) 14.56% (16.91%)
GEOS Geospace Technologies Corporation $46.6M — (loss-making) — (loss-making) −36.38% (below 0%: shrinking) n/m −251.34% (below 0%: shrinking) 3.14% (64.15%) Compare
STAK STAK Inc. $16.1M — — — — +128.97% (above 0%: growing) — — Compare
Median of peers $84.5M — — −3.42% — −31.04% 17.23% 0.91%

All 48 Oil & Gas Equipment & Services stocks →

Pay and ownership Proxy statement filed 30 April 2025

Chief executive’s pay

Year Total pay Actually paid $100 invested
2024 365.73k 365.73k 69.00
2023 1.65m 1.65m 79.00
2022 395.62k 367.30k 84.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Dawson Geophysical Company (DWSN) Latest News

24 Aug

Impact 3 ·

13 Aug

Impact 3 ·

14 May

Impact 4 · · PR Newswire

31 Mar

Impact 4 · · MarketBeat
Impact 4 · · Moby

30 Mar

Impact 4 · · PR Newswire
Impact 3 · · Simply Wall St.

12 Nov

Impact 3 · · Associated Press Finance
Impact 3 · · PR Newswire
Impact 3 ·

12 Aug

Impact 4 · · PR Newswire
Impact 3 ·
Impact 3 · · PR Newswire

11 Aug

Impact 4 ·

13 May

Impact 3 ·
Impact 3 ·
Impact 3 · · PR Newswire

28 Mar

Impact 4 · · PR Newswire

4 Feb

Impact 3 · · Simply Wall St.

15 Nov

Impact 3 · · Simply Wall St.

29 Jun

Impact 3 · · Simply Wall St.

3 Apr

Impact 3 · · Simply Wall St.

1 Apr

Impact 4 · · PR Newswire

21 Jan

Impact 4 · · Simply Wall St.

9 Nov

Impact 4 · · PR Newswire
Impact 3 · · GuruFocus.com

31 Jul

Impact 4 · · PR Newswire

15 May

Impact 4 · · PR Newswire
stockrow.com/DWSN · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com