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DAWSON GEOPHYSICAL CO

DWSN Clue Score52
United States Fiscal year ends December CIK 0000799165
$2.59 +0.00% Close, 9 Oct 2026
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Price $2.59 +11.16% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue137.6Operating income−47.5Net income−38.3EPS, diluted−1.69Fiscal year 2017Revenue156.5 +13.7%Operating income−38.0Net income−31.8EPS, diluted−1.40Fiscal year 2018Revenue154.2 −1.5%Operating income−25.0Net income−24.4EPS, diluted−1.07Fiscal year 2019Revenue145.8 −5.4%Operating income−16.2Net income−15.2EPS, diluted−0.66Fiscal year 2020Revenue86.1 −40.9%Operating income−14.0Net income−13.2EPS, diluted−0.56Fiscal year 2021Revenue24.7 −71.3%Operating income−29.2Net income−29.1EPS, diluted−1.23Fiscal year 2022Revenue51.6 +109.1%Operating income−22.2Net income−18.6EPS, diluted−0.75Fiscal year 2023Revenue96.8 +87.6%Operating income−13.1Net income−12.1EPS, diluted−0.45Fiscal year 2024Revenue74.2 −23.4%Operating income−4.5Net income−4.1EPS, diluted−0.13Fiscal year 2025Revenue75.6 +2.0%Operating income−1.7Net income−1.9EPS, diluted−0.06
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 137.6 156.5 154.2 145.8 86.1 24.7 51.6 96.8 74.2 75.6
Growth +13.7% −1.5% −5.4% −40.9% −71.3% +109.1% +87.6% −23.4% +2.0%
Operating income −47.5 −38.0 −25.0 −16.2 −14.0 −29.2 −22.2 −13.1 −4.5 −1.7
Net income −38.3 −31.8 −24.4 −15.2 −13.2 −29.1 −18.6 −12.1 −4.1 −1.9
Growth
EPS, diluted −1.69 −1.40 −1.07 −0.66 −0.56 −1.23 −0.75 −0.45 −0.13 −0.06
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−34.5%Net margin−27.9%Free cash flow margin0.4%Fiscal year 2017Operating margin−24.3%Net margin−20.3%Free cash flow margin−9.8%Fiscal year 2018Operating margin−16.2%Net margin−15.8%Free cash flow margin−1.9%Fiscal year 2019Operating margin−11.1%Net margin−10.4%Free cash flow margin3.5%Fiscal year 2020Operating margin−16.3%Net margin−15.3%Free cash flow margin19.5%Fiscal year 2021Operating margin−118.4%Net margin−117.8%Free cash flow margin−67.0%Fiscal year 2022Operating margin−43.0%Net margin−36.1%Free cash flow margin−9.1%Fiscal year 2023Operating margin−13.5%Net margin−12.5%Free cash flow margin−3.0%Fiscal year 2024Operating margin−6.1%Net margin−5.6%Free cash flow margin−5.0%Fiscal year 2025Operating margin−2.2%Net margin−2.6%Free cash flow margin9.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −34.5% −24.3% −16.2% −11.1% −16.3% −118.4% −43.0% −13.5% −6.1% −2.2%
Net margin −27.9% −20.3% −15.8% −10.4% −15.3% −117.8% −36.1% −12.5% −5.6% −2.6%
Free cash flow margin 0.4% −9.8% −1.9% 3.5% 19.5% −67.0% −9.1% −3.0% −5.0% 9.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow8.7Capital expenditure−8.3Free cash flow0.5Fiscal year 2017Operating cash flow−6.7Capital expenditure−8.7Free cash flow−15.4 −3,232.0%Fiscal year 2018Operating cash flow12.9Capital expenditure−15.7Free cash flow−2.9Dividends paid−0.0Fiscal year 2019Operating cash flow9.5Capital expenditure−4.4Free cash flow5.1Fiscal year 2020Operating cash flow19.6Capital expenditure−2.8Free cash flow16.8 +230.3%Fiscal year 2021Operating cash flow−16.1Capital expenditure−0.5Free cash flow−16.6 −198.6%Fiscal year 2022Operating cash flow−3.3Capital expenditure−1.4Free cash flow−4.7Fiscal year 2023Operating cash flow0.8Capital expenditure−3.7Free cash flow−2.9Fiscal year 2024Operating cash flow−1.9Capital expenditure−1.9Free cash flow−3.7Dividends paid−9.9Fiscal year 2025Operating cash flow14.0Capital expenditure−6.8Free cash flow7.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 8.7 −6.7 12.9 9.5 19.6 −16.1 −3.3 0.8 −1.9 14.0
Capital expenditure −8.3 −8.7 −15.7 −4.4 −2.8 −0.5 −1.4 −3.7 −1.9 −6.8
Free cash flow 0.5 −15.4 −2.9 5.1 16.8 −16.6 −4.7 −2.9 −3.7 7.1
Growth −3,232.0% +230.3% −198.6%
Dividends paid n/a n/a −0.0 n/a n/a n/a n/a n/a −9.9 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash14.6Shareholders’ equity171.5Fiscal year 2017Cash22.0Shareholders’ equity141.3Fiscal year 2018Cash28.7Shareholders’ equity117.0Fiscal year 2019Cash26.3Shareholders’ equity103.2Fiscal year 2020Cash41.0Shareholders’ equity91.0Fiscal year 2021Cash25.4Shareholders’ equity62.5Fiscal year 2022Cash18.6Shareholders’ equity48.8Fiscal year 2023Cash10.8Shareholders’ equity31.4Fiscal year 2024Cash1.4Shareholders’ equity17.3Fiscal year 2025Cash4.9Shareholders’ equity15.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 14.6 22.0 28.7 26.3 41.0 25.4 18.6 10.8 1.4 4.9
Shareholders’ equity 171.5 141.3 117.0 103.2 91.0 62.5 48.8 31.4 17.3 15.8

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
137.6 156.5 154.2 145.8 86.1 24.7 51.6 96.8 74.2 75.6
Growth +13.7% −1.5% −5.4% −40.9% −71.3% +109.1% +87.6% −23.4% +2.0%
n/a 139.1 132.9 123.0 69.0 29.0 37.9 86.7 63.0 62.6
16.8 16.2 16.3 17.2 13.9 12.0 15.5 12.6 9.9 9.0
−47.5 −38.0 −25.0 −16.2 −14.0 −29.2 −22.2 −13.1 −4.5 −1.7
Growth
−44.3 −37.1 −25.2 −15.5 −13.2 −29.1 −18.5 −12.2 −4.1 −1.9
−6.0 −5.3 −0.8 −0.2 0.0 −0.0 0.1 −0.1 0.0 0.0
−38.3 −31.8 −24.4 −15.2 −13.2 −29.1 −18.6 −12.1 −4.1 −1.9
Growth
Per share
−1.69 −1.40 −1.07 −0.66 −0.56 −1.23 −0.75 −0.45 −0.13 −0.06
−1.69 −1.40 −1.07 −0.66 −0.56 −1.23 −0.75 −0.45 −0.13 −0.06
Growth
22.7 22.8 22.9 23.2 23.4 23.6 25.0 26.8 30.9 31.0
22.7 22.8 22.9 23.2 23.4 23.6 25.0 26.8 30.9 31.0
Growth +0.4% +0.6% +1.2% +0.9% +0.8% +5.9% +7.1% +15.4% +0.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 2.6% a year over five years.
  • The diluted share count rose 32.6% in five years, which is dilution.
  • Operating margin is up 14.1 points on five years ago, at -2.2%.
  • A net loss in 10 of 10 years on file.