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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%
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 (below 1: weak)
Debt/Equity 0.51
P/E ratio 18.58
Fwd P/E (2.28) (negative: loss-making)
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% (at or above 10%: strong)
Next 5Y EPS Growth 41.80% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, 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 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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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.

Dawson Geophysical Company (DWSN) Latest News

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stockrow.com/DWSN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com