DWSNNasdaqOil & Gas Field Exploration ServicesFiscal year ends December 31
DAWSON GEOPHYSICAL CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$2.12−0.11 (-4.93%)
Close on Oct 19, 2026
- Market cap
- $65.83M
- P/E (TTM)
- 17.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2008 to 2025
Gross margin
17.2%−2.7 pts over 5 years
Operating margin
-2.2%+14.1 pts over 5 years
Net margin
-2.6%+12.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.0% | +13.6% | -2.6% | – | |
| Gross profit | +16.9% | +36.8% | -5.3% | – | |
| Free cash flow | – | – | -15.7% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -13.6% | -11.7% | |
| Return on assets | – | -11.4% | -4.5% | |
| Current ratio | 5.05 | 7.87 | 0.81 | |
| Debt to equity | – | 0.00 | 1.11 | |
| Net debt to EBITDA | – | -14.40× | 3.16× | |
| Interest coverage | -182.6× | -168.6× | -3.1× | |
| Capex to revenue | 6.0% | 3.3% | 9.0% | |
| Diluted shares | 23M | 23M | 31M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Dawson Geophysical generated $35.98M from operations and spent $24.21M on capital expenditure, dividends and share buybacks. 59% of that went back into the business.
Generated
$35.98M
Used
$24.21M
Capital expenditure$14.35M59%Dividends$9.86M41%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.6%
×Asset turnover1.74×
×Equity multiplier2.63×
=Return on equity, FY2025-11.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.6% | 1.74× | 2.63× | -11.7% |
| FY2024 | -5.6% | 1.68× | 1.81× | -16.9% |
| FY2023 | -12.5% | 1.53× | 1.57× | -30.3% |
| FY2022 | -36.1% | 0.72× | 1.28× | -33.5% |
| FY2021 | -117.8% | 0.28× | 1.16× | -37.9% |
| FY2020 | -15.3% | 0.75× | 1.19× | -13.6% |
| FY2019 | -10.4% | 1.05× | 1.26× | -13.8% |
| FY2018 | -15.8% | 0.97× | 1.23× | -18.9% |
| FY2017 | -20.3% | 0.88× | 1.14× | -20.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$1.94M
- Cash generatingOperating cash flow above zero$13.98M
- Return on assets improvedROA up on the prior year-7.2% → -6.3%
- Earnings backed by cashOperating cash flow above net income$13.98M vs -$1.94M
- Less leverageLong-term debt to assets fell4.9% → 20.2%
- Better liquidityCurrent ratio rose1.46 → 0.81
- No dilutionShare count did not rise31M → 31M
- Gross margin improvedGross margin up on the prior year15.01% → 17.21%
- More efficientAsset turnover rose1.29 → 2.45