8-K Announcements
6Material company update
May 14, 2026·SEC
Material company update
Mar 31, 2026·SEC
Material company update
Nov 12, 2025·SEC
Dawson Geophysical Company(DWSN)Earnings, Financials & Key Ratios
DWSN•NASDAQ
$6.32
Price updated Jul 7, 2026
AboutDawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries. Its seismic crews supply seismic data primarily to companies engaged in the exploration and development of oil and natural gas on land and in land-to-water transition areas. The company also serves the potash mining industry. Dawson Geophysical Company was founded in 1952 and is headquartered in Midland, Texas. Dawson Geophysical Company is a subsidiary of Wilks Brothers, LLC.Show more
- Revenue$76M+2.0%
- EBITDA$4M+237.5%
- Net Income-$2M+52.9%
- EPS (Diluted)-0.06+51.8%
- Gross Margin9.71%+33.5%
- EBITDA Margin5.3%+230.9%
- Operating Margin-2.2%+64.1%
- Net Margin-2.57%+53.8%
- ROE-11.73%+30.6%
DWSN Price & Volume
Dawson Geophysical Company (DWSN) stock price & volume — 10-year historical chart
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Cyclical Revenue Volatility Masks Structural Profitability Challenges
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Cyclical project-based revenue volatility
Key Thesis Takeaways
- Dawson Geophysical faces a precarious outlook defined by extreme revenue swings, evidenced by a 128.3% growth rate in 2026Q1 followed by historical periods of significant contraction.
- While the company achieved a 20.9% net margin in 2026Q1, the persistent accumulation of a $131.9M deficit suggests that recent profitability may be driven by non-recurring project timing rather than structural improvement.
- Investors should remain cautious as the firm navigates a tightening liquidity environment, characterized by a current ratio that has compressed to 1.01.
Verdict Logic
the company's reliance on debt to fund operations, evidenced by a debt-to-equity ratio of 0.94, combined with inconsistent cash generation, suggests high risk for long-term investors.
DWSN Growth Metrics
Dawson Geophysical Company (DWSN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-10.71%
5 Years-2.56%
3 Years13.57%
TTM64.11%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM152.69%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM153.18%
Return on Capital
10 Years-22.04%
5 Years-25.13%
3 Years-17.43%
Last Year-6.64%
DWSN Recent Earnings
Dawson Geophysical Company (DWSN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (50%)●Beat Revenue 1/12 qtrs (14%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.25+186.2%
$0.29
Rev
$37M+34.9%
$27M
Q2 2026
Mar 30, 2026Metric
Actual
Est
EPS
$0.02-66.7%
$0.06
Rev
$27M-40.1%
$45M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.04
—
Rev
$23M
—
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.08
—
Rev
$10M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.25vs $0.29+186.2% | $37Mvs $27M+34.9% |
| Q2 2026 | Mar 30, 2026 | $0.02vs $0.06-66.7% | $27Mvs $45M-40.1% |
| Q4 2025 | Nov 12, 2025 | $0.04 | $23M |
| Q3 2025 | Aug 12, 2025 | $0.08 | $10M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Dawson Geophysical Company (DWSN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $6.32 | $196.25M | -100.96 | 1.98% | -2.57% | -11.73% | — | |
| $46.97 | $2.08B | 13.73 | 10.5% | 14.77% | 20.25% | — | |
| $4.71 | $42.81M | 47.10 | -12.62% | 3.06% | 3.45% | — | |
| $28.66 | $4.31B | 13.11 | 64.75% | 25.3% | 15.28% | — | |
| $46.42 | $69.4B | 19.75 | -1.6% | 9.2% | 12.82% | — | |
| $33.79 | $28.23B | 22.53 | -3.31% | 6.95% | 14.59% | — |
Compare DWSN vs Peers
Dawson Geophysical Company (DWSN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DWSN SEC Filings & Documents
Dawson Geophysical Company (DWSN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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DWSN Frequently Asked Questions
Dawson Geophysical Company (DWSN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Dawson Geophysical Company's revenue?
Dawson Geophysical Company (DWSN) reported $96.2M in revenue for fiscal year 2025. This represents a 930% increase from $9.3M in 1996.
How fast is Dawson Geophysical Company growing?
Dawson Geophysical Company (DWSN) grew revenue by 2.0% over the past year. Growth has been modest.
Is DWSN profitable?
Yes, Dawson Geophysical Company (DWSN) is profitable, generating $4.7M in net income for fiscal year 2025 (-2.6% net margin).
Dividend & Returns
What is DWSN's return on equity?
Dawson Geophysical Company (DWSN) has a return on equity (ROE) of -11.7%. Negative ROE indicates the company is unprofitable.
What is Dawson Geophysical Company's free cash flow?
Dawson Geophysical Company (DWSN) generated $3.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.