Saturday 17 October 2026 Export DWSN’s income statement to Excel — free account

Dawson Geophysical Company

DWSN Energy Oil & Gas Equipment & Services

In the quarter to June 2026, revenue grew 81.8%, EPS fell 37.5%, free cash flow fell 56.2% and total debt rose 799.3%, each against the same quarter a year earlier.

2.23 0.01 −0.45%

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Market cap: $69.6M
P/E: 18.6×
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 Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 1.17%

Capital & Financial Ratios $m

Market Cap 69.56

Revenue 104.31

Net Income 3.64

Free Cash Flow (4.21)

Net Debt 4.01

Current Ratio 0.87

Debt/Equity 0.51

P/E ratio 18.58

Fwd P/E (2.28)

P/S ratio 0.66

P/B ratio 3.46

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 51.85%

Next 5Y EPS Growth 41.80%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 41.69%

10-year low 10-year high

P/B against its own 10 years 90.86%

10-year low 10-year high

EV/Sales against its own 10 years 77.77%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

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%)

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.

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)	(0.86)
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2.76	3.52	3.04	1.90	0.84	1.83	1.08	1.28	1.27	1.08	Analyst estimates 2026–2028 Powerpack
	High	8.57	8.14	8.40	4.28	2.93	4.47	2.69	2.65	2.22	5.54
People
People	Employees	814	851	582	455	219	190	226	281	233	269
	Revenue/emp, $m	0.17	0.18	0.26	0.32	0.39	0.13	0.23	0.34	0.32	0.28
Income, $m
Income, $m	Revenue	138	157	154	146	86	25	52	97	74	76
	Gross margin, %	9.89	11.15	13.76	15.61	19.86	(17.50)	9.85	10.52	15.01	17.21
	EBT	(44)	(37)	(25)	(15)	(13)	(29)	(19)	(12)	(4)	(2)
	EBT margin, %	(32.18)	(23.70)	(16.35)	(10.60)	(15.30)	(117.91)	(35.91)	(12.64)	(5.55)	(2.56)
	Net income	(38)	(32)	(24)	(15)	(13)	(29)	(19)	(12)	(4)	(2)
	Depreciation	44	39	30	22	17	13	12	8	6	6
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
	Earnings	(1.75)	(1.37)	(1.07)	(0.66)	(0.56)	(1.23)	(0.86)	(0.45)	(0.13)	(0.06)
	Cash flow	0.39	(0.29)	0.56	0.41	0.84	(0.68)	(0.13)	0.03	(0.06)	0.45
	Capex	(0.28)	(0.32)	(0.67)	(0.18)	(0.10)	0.00	(0.04)	(0.13)	(0.04)	(0.21)
	Free cash flow	0.11	(0.62)	(0.11)	0.23	0.74	(0.68)	(0.17)	(0.10)	(0.10)	0.25
	Book value	7.53	6.20	5.11	4.45	3.89	2.65	1.95	1.18	0.56	0.51
	Shares, m	23	23	23	23	23	24	25	27	31	31
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	1.25	0.70	0.50	0.38	0.58	2.21	0.96	0.48	0.56	0.64
	P/B	1.01	0.78	0.66	0.54	0.54	0.88	1.01	1.48	2.39	3.06
	EV/Sales	0.85	0.49	0.29	0.15	0.04	0.97	0.50	0.33	0.56	0.72
	EV/FCF	48.76	(5.45)	(18.15)	4.11	0.18	(1.49)	(5.92)	(11.82)	(12.98)	7.15
Cash, $m
Cash, $m	Operating cash flow	9	(7)	13	9	20	(16)	(3)	1	(2)	14
	Capex	(6)	(7)	(15)	(4)	(2)	0	(1)	(4)	(1)	(6)
	Free cash flow	2	(14)	(2)	5	17	(16)	(4)	(3)	(3)	8
Balance, $m
Balance, $m	Working capital	61	59	50	47	51	35	28	15	5	(5)
	Total debt	2	5	6	0	0	0	0	1	2	11
	Net debt	(55)	(33)	(33)	(34)	(46)	(31)	(24)	(15)	0	6
	Shareholders’ equity	171	141	117	103	91	62	49	31	17	16
Returns, %
Returns, %	ROA	(17.61)	(17.88)	(15.32)	(10.93)	(11.43)	(32.79)	(26.13)	(19.25)	(9.32)	(4.47)
	ROIC	(25.58)	(22.00)	(18.67)	(14.58)	(19.66)	(57.37)	(55.19)	(48.96)	(16.33)	(4.76)
	ROE	(20.14)	(20.37)	(18.90)	(13.82)	(13.59)	(37.92)	(33.51)	(30.28)	(16.91)	(11.73)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RNGR Ranger Energy Services, Inc.	$337.9M	23.6×	9.2×	+25.53% (above 0%: growing)	−12.12% (below 0%: shrinking)	+33.55% (above 0%: growing)	19.15%	6.69%	Compare
SND Smart Sand	$214.5M	18.8×	10.4×	+34.14% (above 0%: growing)	−52.73% (below 0%: shrinking)	+80.86% (above 0%: growing)	17.23%	8.74%	Compare
OMSE OMS Energy Technologies Inc.	$166.0M	—	—	—	—	+204.37% (above 0%: growing)	—	—	Compare
KLXE KLX Energy Services Holdings, Inc.	$139.5M	— (loss-making)	— (loss-making)	+5.22% (above 0%: growing)	n/m	−48.75% (below 0%: shrinking)	21.76%	1.26%	Compare
LSE Leishen Energy Holding Co., Ltd.	$77.1M	—	—	—	—	−89.33% (below 0%: shrinking)	—	—	Compare
DWSN Dawson Geophysical Company	$69.6M	18.6×	— (loss-making)	+81.83% (above 0%: growing)	n/m	−56.16% (below 0%: shrinking)	14.56%	(16.91%)
GEOS Geospace Technologies Corporation	$59.9M	— (loss-making)	— (loss-making)	−36.38% (below 0%: shrinking)	n/m	−251.34% (below 0%: shrinking)	3.14%	(64.15%)	Compare
DTI Drilling Tools International Corp.	$58.9M	— (loss-making)	— (loss-making)	−3.42% (below 0%: shrinking)	n/m	−13.33% (below 0%: shrinking)	71.34%	0.91%	Compare
STAK STAK Inc.	$16.1M	—	—	—	—	+128.97% (above 0%: growing)	—	—	Compare
Median of peers	$108.3M	—	—	+5.22%	—	+10.11%	19.15%	1.26%

All 46 Oil & Gas Equipment & Services stocks →

Dawson Geophysical Company (DWSN) key facts

Dawson Geophysical Company (DWSN) is an Oil & Gas Equipment & Services company in the Energy sector, listed on Nasdaq.
As of October 16, 2026, DWSN traded at $2.23, a market capitalization of $69.6 million.
Dawson Geophysical Company does not currently pay a dividend.
Return on equity was −11.7% and debt-to-equity 0.51.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −1.62 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.