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Dawson Geophysical Co (DWSN) stock

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NASDAQ: DWSN Nasdaq Oil & Gas Equipment & Services Next results ~November 11, 2026

B+ Fundamentals grade

Dawson Geophysical Co is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$9.5

Revenue-to-maturity cash-flow model

Base case. Range ~$7.6–$12 across our lower- and higher-growth cases (25%–35% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Dawson Geophysical Co valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds20 adding, 12 cuttingOf 4 active managers that changed their stake, 2 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Dawson Geophysical files

Where Dawson Geophysical Co stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $104m, up 86.3% on a year earlier, faster than the 64.1% growth a quarter earlier. That growth ranks 1 of 27 among the oil & gas equipment & services companies we cover. Free-cash-flow margin fell to -4.3% from 1.7% a year earlier. Operating margin widened to 4.6% from -14.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 2 of our 7 financial-health checks. Our revenue-to-maturity cash-flow model value is $8.77 a share.

Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 11, 2026 (estimated)

Dawson Geophysical Co's trailing-twelve-month revenue grew 86.3% year on year, with a free-cash-flow margin of -4.3%. Where it stands out: revenue growth of 86.3% ranks 1 of 35 oil & gas equipment & services companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 86.3% (+22.2pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 86.3% over the last 12 months, against a median of 3.7% for oil & gas equipment & services companies we cover.
  • Growth speeding up. The growth rate is 22.2 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 18.7 points on a year ago.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Burning cash. Free cash flow was -4.3% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 115% and a beta of 1.7 against the S&P 500.
  • Weak cash conversion. Free cash flow was -122% of net income over the last 12 months.

Latest results: FY2026 Q2

Filed August 14, 2026
Revenue
$18m, up 81.8% on a year earlier
Share reaction
-26.9% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
Guidance given
capital budget $3m (2026)

Dawson Geophysical's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.9%
  • 1 week-13.7%
  • 1 month-36.2%
  • This year+9.6%
  • 1 year-14.6%
  • 5 years-11.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$104M
Operating margin
4.6%
Net margin
3.5%
EPS (TTM, diluted)
$0.12

Growth

Revenue growth
+86.3%
Change in growth rate
+22.2 pts
Share count change
+0.2%

Cash

Free cash flow (TTM)
-$4.5M
FCF margin
-4.3%
Stock pay % of revenue
0.1%

Earnings

Last results
August 13, 2026
Next results (est.)
November 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Dawson Geophysical Co valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Dawson Geophysical Co as an operating company, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.72 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$9.5 ~$7.6–$12 Left out: out of range vs price (5.54x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$2.1 ~$1.8–$3.5 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$1.5 ~$2.3–$6.3 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$1.9 ~$1.5–$2.1 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Dawson Geophysical Co with Oil & Gas Equipment & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$2.81$6.54$4.04$2.89$2.05$1.81$1.98$1.67$1.56$1.34$1.56$1.71
Market value$58m$148m$92m$66m$48m$42m$47m$42m$42m$41m$48m$53m
+ Net debt (− = net cash)−$26m−$12m−$14m−$16m−$22m−$41m−$25m−$18m−$8m$1m$13m$12m
Enterprise value$32m$136m$78m$50m$25m$2m$22m$24m$34m$43m$61m$65m
Multiples
Price / sales 0.2x1.1x0.6x0.4x0.3x0.5x1.9x0.8x0.4x0.6x0.6x0.5x
Price / earnings ———————————14.6x
Price / free cash flow 4.2xn/m——9.3x2.5x————6.8x—
EV / EBITDA 5.0x—61.3x10.2x4.5x0.5x———35.8x15.2x5.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

25 /100

Weak moat

How hard Dawson Geophysical's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -18.5% of total assets over 10 years.

  • Pricing power 0 / 20

    Gross margin has been a median 15.3%, moving by 12.8 percentage points (standard deviation) across 7 years.

  • Durability 10 / 20

    Operating margin has been a median -14.1%; its worst year was -105.6%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 3 of 6 years, at a median 0.3% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 32.8% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Dawson Geophysical Co: too few analysts cover it.

Management guidance

Earnings release, August 13, 2026
  • capital budget 2026 about $3m
    “The Company's Board of Directors approved a capital budget of $3 million for 2026, including the final payment under the single node purchase of $0.9 million, which was made in January 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Positioning

Short interest
2.0%
of tradable shares
Days to cover
1.3
at average volume
Short interest, 1 month
−55%
to October 15, 2026
Held by institutions
86%
of shares
Held by insiders
1.2%
of shares
Employees
269
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −13.2%

$1.97 on October 31, 2025 to $1.71

ThenNowEffect
Revenue (last 12 months) $56m $104m +86.3%
P/S multiple 1.1x 0.5x −53.3%
Share count 31m 31m −0.2%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +19.9%

$1.43 on November 3, 2023 to $1.71

ThenNowEffect
Revenue (last 12 months) $75m $104m +39.9%
P/S multiple 0.5x 0.5x +6.3%
Share count 25m 31m −19.3%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DWSN+9%−16%−7%−14%+16%+10%
Industry peers (median)−1%+49%−6%−5%−1%+19%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DWSN50%33%58%50%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DWSN−45%−58%−43%−36%−56%−77%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 90% from December 20, 2016 to April 1, 2020. Getting back needed a 876% gain, reached on July 10, 2026, 2291 days after the low.

Price behaviour

52-week range
$1.56 – $7.57
From 52-week high
−77.4%
vs 50-day average
−38.9%
vs 200-day average
−51.0%
Volatility (1 year)
115%
Beta vs S&P 500
1.69

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±10.8%
After a week
6 up, 6 down
typical move ±15.8%
After a month
6 up, 6 down
typical move ±21.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 13, 2026 −26.9% +0.5% −31.5% −26.5%
May 14, 2026 +14.7% −0.4% +22.6% +31.4%
March 31, 2026 +5.3% +3.7% +3.0% +25.4%
November 12, 2025 −4.3% −1.6% −9.0% −16.2%
August 12, 2025 +0.7% +1.4% +0.7% +20.7%
May 13, 2025 +5.9% +0.8% +14.4% +16.1%
March 28, 2025 −4.7% −1.4% −9.3% −3.1%
November 12, 2024 −14.8% −0.3% −14.2% −15.4%
August 12, 2024 −16.6% +1.7% −24.1% −23.1%
May 13, 2024 +12.1% +0.5% +35.7% +45.0%
April 1, 2024 +21.1% −0.8% +19.7% +30.3%
November 9, 2023 +2.4% +0.8% −5.5% −5.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Dawson Geophysical Co in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Dawson Geophysical Co
$40M $60M $80M $100M $120M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $90.1M Revenue (TTM), FY23 Q4: $96.8M Revenue (TTM), FY24 Q1: $99M Revenue (TTM), FY24 Q2: $91.3M Revenue (TTM), FY24 Q3: $82.8M Revenue (TTM), FY24 Q4: $74.2M Revenue (TTM), FY25 Q1: $58.6M Revenue (TTM), FY25 Q2: $56M Revenue (TTM), FY25 Q3: $64.3M Revenue (TTM), FY25 Q4: $75.6M Revenue (TTM), FY26 Q1: $96.2M Revenue (TTM), FY26 Q2: $104.3M $104.3M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $90.1M
FY23 Q4 $96.8M
FY24 Q1 $99M
FY24 Q2 $91.3M
FY24 Q3 $82.8M
FY24 Q4 $74.2M
FY25 Q1 $58.6M
FY25 Q2 $56M
FY25 Q3 $64.3M
FY25 Q4 $75.6M
FY26 Q1 $96.2M
FY26 Q2 $104.3M
Revenue growth, TTM YoY Dawson Geophysical Co
-50% 0% 50% 100% 150% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 100.3% Revenue growth, TTM YoY, FY23 Q4: 87.6% Revenue growth, TTM YoY, FY24 Q1: 67.5% Revenue growth, TTM YoY, FY24 Q2: 22.5% Revenue growth, TTM YoY, FY24 Q3: -8.1% Revenue growth, TTM YoY, FY24 Q4: -23.4% Revenue growth, TTM YoY, FY25 Q1: -40.8% Revenue growth, TTM YoY, FY25 Q2: -38.7% Revenue growth, TTM YoY, FY25 Q3: -22.3% Revenue growth, TTM YoY, FY25 Q4: 2.0% Revenue growth, TTM YoY, FY26 Q1: 64.1% Revenue growth, TTM YoY, FY26 Q2: 86.3% 86.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 100.3%
FY23 Q4 87.6%
FY24 Q1 67.5%
FY24 Q2 22.5%
FY24 Q3 -8.1%
FY24 Q4 -23.4%
FY25 Q1 -40.8%
FY25 Q2 -38.7%
FY25 Q3 -22.3%
FY25 Q4 2.0%
FY26 Q1 64.1%
FY26 Q2 86.3%
Operating margin (TTM) Dawson Geophysical Co
-20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -18.7% Operating margin (TTM), FY23 Q4: -13.5% Operating margin (TTM), FY24 Q1: -6.8% Operating margin (TTM), FY24 Q2: -6.2% Operating margin (TTM), FY24 Q3: -6.9% Operating margin (TTM), FY24 Q4: -6.1% Operating margin (TTM), FY25 Q1: -15.9% Operating margin (TTM), FY25 Q2: -14.1% Operating margin (TTM), FY25 Q3: -5.2% Operating margin (TTM), FY25 Q4: -2.2% Operating margin (TTM), FY26 Q1: 5.7% Operating margin (TTM), FY26 Q2: 4.6% 4.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -18.7%
FY23 Q4 -13.5%
FY24 Q1 -6.8%
FY24 Q2 -6.2%
FY24 Q3 -6.9%
FY24 Q4 -6.1%
FY25 Q1 -15.9%
FY25 Q2 -14.1%
FY25 Q3 -5.2%
FY25 Q4 -2.2%
FY26 Q1 5.7%
FY26 Q2 4.6%
FCF margin (TTM) Dawson Geophysical Co
-40% -20% 0% 20% FY20 Q4 FY23 Q1 FY23 Q4 FY26 Q2 FCF margin (TTM), FY20 Q4: 19.5% FCF margin (TTM), FY22 Q3: -29.8% FCF margin (TTM), FY22 Q4: -9.1% FCF margin (TTM), FY23 Q1: 1.8% FCF margin (TTM), FY23 Q2: -3.4% FCF margin (TTM), FY23 Q3: -2.9% FCF margin (TTM), FY23 Q4: -3.0% FCF margin (TTM), FY24 Q1: 1.7% FCF margin (TTM), FY24 Q2: -0.4% FCF margin (TTM), FY24 Q3: -0.9% FCF margin (TTM), FY24 Q4: -5.0% FCF margin (TTM), FY26 Q2: -4.3% -4.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY20 Q4 19.5%
FY22 Q3 -29.8%
FY22 Q4 -9.1%
FY23 Q1 1.8%
FY23 Q2 -3.4%
FY23 Q3 -2.9%
FY23 Q4 -3.0%
FY24 Q1 1.7%
FY24 Q2 -0.4%
FY24 Q3 -0.9%
FY24 Q4 -5.0%
FY26 Q2 -4.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-QT. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2013 Sept 2013 2014 Sept 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 305 262 235 138 157 154 146 86 25 52 97 74 76 104
Gross profit — — — — 17 21 23 17 −4 14 10 11 13 23
EBITDA 57 22 6 −3 1 5 6 3 −16 −10 −5 1 4 12
Operating income 20 −18 −41 −47 −38 −25 −16 −14 −29 −22 −13 −5 −2 5
Net income 10 −13 −26 −38 −32 −24 −15 −13 −29 −19 −12 −4 −2 4
Diluted EPS $0.74 −$0.90 −$1.21 −$1.69 −$1.40 −$1.07 −$0.66 −$0.56 −$1.23 −$0.75 −$0.45 −$0.13 −$0.06 $0.12
Growth (year on year)
Revenue — −14.3% −10.3% −41.4% +13.7% −1.5% −5.4% −40.9% −71.3% +109.1% +87.6% −23.4% +2.0% +86.3%
EBITDA — −61.1% −71.3% −150.2% — — +13.1% −43.0% −614.4% — — — — —
Operating income — −188.7% — — — — — — — — — — — —
Net income — −220.4% — — — — — — — — — — — —
Diluted EPS — −221.6% — — — — — — — — — — — —
Margins
Gross margin — — — — 11.2% 13.8% 15.6% 19.9% −17.5% 26.6% 10.5% 15.0% 17.2% 22.3%
EBITDA margin 18.8% 8.5% 2.7% −2.3% 0.8% 3.2% 3.8% 3.7% −66.3% −20.1% −4.7% 1.6% 5.3% 11.5%
Operating margin 6.6% −6.8% −17.3% −34.5% −24.3% −16.2% −11.1% −16.3% −118.4% −43.0% −13.5% −6.1% −2.2% 4.6%
Net margin 3.4% −4.8% −11.2% −27.9% −20.3% −15.8% −10.4% −15.3% −117.8% −36.1% −12.5% −5.6% −2.6% 3.5%
Free-cash-flow margin 7.2% −9.5% 5.9% 0.4% −9.8% −1.9% 3.5% 19.5% −67.0% −9.1% −3.0% −5.0% 9.4% −4.3%
Cash flow
Cash from operations 71 10 21 9 −7 13 9 20 −16 −3 1 −2 14 3
Capital spending 48 35 7 8 9 16 4 3 1 1 4 2 7 8
Free cash flow 22 −25 14 0 −15 −3 5 17 −17 −5 −3 −4 7 −4
Stock-based pay 2 1 1 1 1 1 1 1 0 0 — 0 0 0
Free cash flow after stock pay 20 −26 13 −0 −16 −4 4 16 −17 −5 — −4 7 −5
Balance sheet
Cash — — 37 15 22 29 26 41 25 19 11 1 5 6
Total debt 18 22 11 2 8 13 4 0 0 0 3 3 18 17
Net debt (negative = net cash) — — −26 −12 −14 −16 −22 −41 −25 −18 −8 1 13 12
Diluted shares 14m 14m 21m 23m 23m 23m 23m 23m 24m 25m 27m 31m 31m 31m
Returned to shareholders
Dividends — 2 — — — 0 — — — — — 10 — —
Total returned — 2 — — — 0 — — — — — 10 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · June 30, 2026
What it owns · $55m
Short-term assets $21mLonger-term assets $35m
What it owes, and who funded it · $55m
Short-term liabilities $23mLonger-term liabilities $12mShareholders' equity $20m
  • Short-term assets cover short-term liabilities $21m of assets due within a year against $23m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $21m short-term assets against $12m of longer-dated liabilities.
  • More cash than debt $6m of cash against $10m of debt.
  • Debt below 40% of shareholders' equity Debt is 51% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 0% to 51% over five years.
  • A year's operating cash flow covers at least 20% of debt $3m of operating cash flow against $10m of debt.
  • Operating profit covers interest at least five times over Operating income of $5m against $1m of interest.

From Dawson Geophysical Co's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+0.2%
year over year
Days sales outstanding
26 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas equipment & services
Last 12 months unless stated DWSN DTI OMSE NGS LSE STAK Median
Revenue, last 12 months $104m $153m $156m $189m $48m $28m $1.2bn
Revenue growth, last 12 months 86.3% −5.5% −23.4% 15.4% −30.0% 13.2% 3.7%
Revenue growth, 3-year average 11.8% 0.3% — 24.5% — — 2.0%
Revenue growth, latest quarter 81.8% −3.4% — 24.2% — — 7.3%
Gross margin 22.3% — 30.3% — 17.6% 26.4% 21.1%
Operating margin 4.6% 7.2% 22.4% 21.6% −3.4% 3.8% 7.3%
Operating margin, 3-year average −5.3% 15.1% — 20.6% — — 7.2%
Net margin 3.5% −2.0% 20.7% 10.8% 2.6% 1.5% 2.6%
Cash from operations / revenue 3.2% 6.4% 34.7% 41.8% −7.3% −9.7% 11.7%
Free-cash-flow margin −4.3% −6.3% 34.0% −16.5% −7.6% −9.9% 2.0%
Free-cash-flow margin, 3-year average −0.3% −9.7% — −24.3% — — 4.0%
Stock pay / revenue 0.1% 1.9% — 1.5% — 15.7% 1.1%
Change in share count 0.2% 1.1% 11.1% 1.2% 7.6% 77.4% 1.0%

Median of all 35 companies we cover in oil & gas equipment & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

35 oil & gas equipment & services companies
Measure Company Peer median Rank
Revenue growth Growth 86.3% 3.7% 1 of 35
Change in growth rate Growth +22.2pp +1.5pp 1 of 34
Gross margin Profitability 22.3% 21.5% 10 of 21
Operating margin Profitability 4.6% 7.2% 19 of 32
Net margin Profitability 3.5% 2.6% 15 of 35
Free-cash-flow margin Cash generation -4.3% 2.0% 25 of 35
Stock pay as % of revenue Cash generation 0.1% 1.1% 2 of 32
Long-term debt as % of assets Balance sheet 18.3% 22.6% 13 of 32
Change in share count Balance sheet 0.2% 1.0% 13 of 31
Days sales outstanding Balance sheet 26 days 74 days 2 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
United States Operations $59.8M 79.1% ▼ 2.3%
Canada Operations $15.8M 20.9% ▲ 22.2%
Products and services
Line of business Revenue Share YoY
Fee Revenue $61.9M 81.8% ▲ 15.7%
Reimbursable Revenue $13.7M 18.2% ▼ 33.5%

From Dawson Geophysical Co's 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$12.6M
Institutions reporting
40
Shares held vs prior quarter
▲ 3.3%
Positions opened / closed
12 / 5

Top buyers and sellers, Q2 2026: 20 institutions bought and 12 sold ; the biggest buyer was Marshall Wace, LLP (+46K shares) and the biggest seller Grace & White Inc (−76K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Grace & White Inc $4.2M 703K 33.3% ▼ 9.8%
Rbf Capital, LLC $2.5M 424K 20.1% 0.0%
Vanguard Capital Management LLC $931,849 157K 7.4% ▲ 38.5%
Gabelli Funds LLC $862,488 145K 6.9% 0.0%
Marshall Wace, LLP $515,575 87K 4.1% ▲ 111.6%
Geode Capital Management, LLC $496,925 84K 4.0% ▲ 3.0%
Hillsdale Investment Management Inc. $323,160 54K 2.6% ▲ 58.1%
Us Bancorp $317,451 53K 2.5% 0.0%
Citadel Advisors LLC $238,657 40K 1.9% New
Pinnacle Associates Ltd $227,858 38K 1.8% ▼ 5.0%
Gsa Capital Partners LLP $209,000 35K 1.7% ▲ 20.3%
Two Sigma Investments, LP $202,055 34K 1.6% ▼ 1.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Dawson Geophysical Co's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 13, 2026
  • May 14, 2026
  • March 31, 2026
  • November 12, 2025
  • August 12, 2025
  • May 13, 2025

Recent SEC filings

Data status

When each part of this page on Dawson Geophysical Co was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Dawson Geophysical Co in brief

What does Dawson Geophysical Co do?
Dawson Geophysical Co is a US-listed company in the oil & gas equipment & services industry. Its financial year ends in December.
What is Dawson Geophysical Co's stock ticker?
Dawson Geophysical Co trades under the ticker DWSN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Dawson Geophysical Co's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Dawson Geophysical Co reported revenue of $104M, 86.3% higher than a year earlier, according to its SEC filings.
What is Dawson Geophysical Co's free cash flow?
Dawson Geophysical Co's free-cash-flow margin is -4.3% of revenue over the trailing twelve months, ranking 25 of the 35 oil & gas equipment & services companies we cover.
Who are Dawson Geophysical Co's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Grace & White Inc, Rbf Capital, LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Dawson Geophysical Co's market cap?
On November 2, 2026, Dawson Geophysical Co's market capitalisation was about $53.1M, with a price-to-earnings ratio of 14.6 and net debt of $11.6M. Market figures come from third-party market data and may be delayed.
How much debt does Dawson Geophysical Co have?
Dawson Geophysical Co's debt-to-equity ratio is 50.6%, from its latest balance sheet (0.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Dawson Geophysical Co's competitors?
In our Oil & Gas Equipment & Services peer group, the companies closest to Dawson Geophysical Co are Drilling Tools International Corp, OMS Energy Technologies Inc., Natural GAS Services Group Inc, Leishen Energy Holding Co., Ltd. and Stak Inc. The side-by-side comparison below sets their revenue, margins and growth against Dawson Geophysical Co's.
When is Dawson Geophysical Co's next earnings date?
Around November 11, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Dawson Geophysical Co announces its own schedule.