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Drilling Tools International vs Dawson Geophysical

Drilling Tools International is the larger business, with $160m of revenue in fiscal 2025 against $75.6m for Dawson Geophysical (2.1 times as much). Drilling Tools International grew faster (3.4% against 2.0%). Drilling Tools International kept more of each dollar of sales as profit: a net margin of -2.4% against -2.6%.

Latest fiscal yearDrilling Tools InternationalDTI, 2025Dawson GeophysicalDWSN, 2025
Revenue $160m $75.6m
Revenue growth 3.4% 2.0%
Net income −$3.8m −$1.9m
Operating margin — -2.2%
Net margin -2.4% -2.6%
Return on equity -3.1% -11.7%
Free cash flow −$224,000 $7.1m
Cash $3.6m $4.9m
Total debt $45.8m $17.6m
Debt to equity — 111.1%
Dividend per share — —
Dividend yield — —
Share buybacks $1.3m —
Employees — 269
Market value $53.5m $54.7m
Price vs our value range — —
Moat score — 25 (Weak)
Insider trades, 12 months 0 buys, 13 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.