13 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 2.6% per year over the past 5 years.
Operating margin has expanded, at -2.2% in the latest year.
Free cash flow has declined 15.7% per year over the past 5 years.
Financial health
Operating income covered interest expense -3.1× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$76M
-$2M
17.2%
-2.2%
-12.3%
-3.5%
$7M
—
$5M
2024
$74M
-$4M
15.0%
-6.1%
-23.8%
-13.3%
-$4M
—
$1M
2023
$97M
-$12M
10.5%
-13.5%
-38.6%
-21.1%
-$3M
—
$11M
2022
$52M
-$19M
9.8%
-43.0%
-38.2%
-27.2%
-$5M
—
$19M
2021
$25M
-$29M
0.0%
-118.4%
-46.6%
-39.3%
-$17M
—
$25M
2020
$86M
-$13M
0.0%
-16.3%
-14.5%
-12.8%
$17M
—
$41M
2019
$146M
-$15M
0.0%
-11.1%
-14.7%
-11.9%
$5M
—
$26M
2018
—
-$24M
—
—
-20.9%
-16.2%
-$3M
—
$29M
2017
—
-$32M
—
—
-22.5%
-18.9%
-$15M
—
$22M
2016
—
-$38M
—
—
-22.4%
-20.4%
$491000
—
$15M
2015
—
-$26M
—
—
-12.5%
-10.6%
$14M
—
$37M
2014
—
-$13M
—
—
-6.3%
-4.9%
—
—
$23M
2013
—
$10M
—
—
4.9%
9.6%
—
—
$52M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$18M
-$3M
14.6%
-16.9%
-17.2%
-6.2%
$6M
$15M
$6M
Mar '26
$37M
$8M
35.6%
22.2%
32.8%
11.9%
-$2M
$16M
$1M
Dec '25
$27M
$569000
19.7%
3.1%
3.6%
1.0%
$1M
—
$5M
Sep '25
$23M
-$1M
10.1%
-5.2%
-7.6%
-2.8%
-$10M
—
$5M
Jun '25
$10M
-$2M
11.5%
-24.1%
-14.3%
-5.1%
—
—
$16M
Mar '25
$16M
$992000
26.7%
6.4%
5.4%
3.0%
—
—
$3M
Dec '24
$16M
-$802000
19.9%
-5.3%
-4.6%
-2.6%
-$6M
—
$1M
Sep '24
$14M
-$6M
-12.0%
-39.9%
-30.8%
-18.6%
-$4M
—
$7M
Jun '24
$13M
-$4M
1.0%
-30.1%
-14.9%
-8.7%
$5M
—
$11M
Mar '24
$32M
$6M
30.5%
18.4%
21.4%
10.1%
$1M
—
$11M
Dec '23
$24M
-$2M
22.4%
-8.4%
-6.7%
-3.7%
-$3M
—
$11M
Sep '23
$23M
-$5M
-5.2%
-24.8%
-15.6%
-9.8%
-$4M
—
$14M
Jun '23
$20M
-$4M
1.5%
-23.6%
-15.3%
-7.3%
$7M
—
$18M
Mar '23
$29M
-$413000
19.1%
-1.9%
-1.2%
-0.6%
-$3M
—
$11M
Dec '22
$18M
-$3M
0.0%
-33.4%
-5.7%
-4.0%
-$2M
—
$19M
Sep '22
$7M
-$7M
0.0%
-95.0%
-13.5%
-11.8%
-$4M
—
$19M
Jun '22
$5M
-$8M
0.0%
-164.9%
-11.9%
-12.2%
$11M
—
$25M
Mar '22
$22M
-$1M
0.0%
-6.6%
-2.0%
-1.9%
-$9M
—
$14M
Dec '21
$11M
-$7M
0.0%
-62.4%
-11.2%
-9.4%
-$11M
—
$25M
Sep '21
$2M
-$8M
0.0%
-405.1%
-11.4%
-10.0%
—
—
$36M
Valuation over time
How the market has priced DWSN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 0.9× (Mar '23) to 0.7× (Nov '26).
The dividend yield has fallen from 23.9% (Dec '24) to 16.0% (Nov '25).
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is DWSN growing its revenue and profit?
Over the past 5 years, DAWSON GEOPHYSICAL CO's revenue has declined 2.6% per year. These are computed facts, not advice.
How much debt does DWSN have?
As of FY2025, DAWSON GEOPHYSICAL CO reported — of total debt against $5M of cash; operating income covered interest expense -3.1×.
What is DWSN's profit margin?
In FY2025, gross margin was 17.2%, operating margin -2.2%, and net margin -2.6%.
What is DWSN's P/E ratio?
DAWSON GEOPHYSICAL CO's P/E (TTM) is 14.43 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DWSN stock page. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.