Dawson Geophysical vs Natural GAS Services Group
Natural GAS Services Group is the larger business, with $172m of revenue in fiscal 2025 against $75.6m for Dawson Geophysical (2.3 times as much). Natural GAS Services Group grew faster (9.9% against 2.0%). Natural GAS Services Group kept more of each dollar of sales as profit: a net margin of 11.6% against -2.6%. Natural GAS Services Group carries less debt relative to equity (83.7% against 111.1%).
| Latest fiscal year | Dawson GeophysicalDWSN, 2025 | Natural GAS Services GroupNGS, 2025 |
|---|---|---|
| Revenue | $75.6m | $172m |
| Revenue growth | 2.0% | 9.9% |
| Net income | −$1.9m | $19.9m |
| Operating margin | -2.2% | 21.6% |
| Net margin | -2.6% | 11.6% |
| Return on equity | -11.7% | 7.5% |
| Free cash flow | $7.1m | −$58.6m |
| Cash | $4.9m | $0 |
| Total debt | $17.6m | $230m |
| Debt to equity | 111.1% | 83.7% |
| Dividend per share | — | — |
| Dividend yield | — | 1.5% |
| Share buybacks | — | — |
| Employees | 269 | — |
| Market value | $54.7m | $400m |
| Price vs our value range | — | — |
| Moat score | 25 (Weak) | 25 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 2 buys, 13 sales |