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Dawson Geophysical Company (DWSN) 10-Year Financial Performance & Capital Metrics

DWSN • • Industrial / General
EnergyOilfield ServicesSeismic & Reservoir ServicesSeismic Data Acquisition
AboutDawson Geophysical Company provides onshore seismic data acquisition and processing services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries. Its seismic crews supply seismic data primarily to companies engaged in the exploration and development of oil and natural gas on land and in land-to-water transition areas. The company also serves the potash mining industry. Dawson Geophysical Company was founded in 1952 and is headquartered in Midland, Texas. Dawson Geophysical Company is a subsidiary of Wilks Brothers, LLC.Show more
  • Revenue $74M -23.4%
  • EBITDA $1M +125.9%
  • Net Income -$4M +66.1%
  • EPS (Diluted) -0.13 +71.1%
  • Gross Margin 7.28% +315.3%
  • EBITDA Margin 1.6% +133.9%
  • Operating Margin -6.13% +54.5%
  • Net Margin -5.55% +55.7%
  • ROE -16.91% +44.1%
  • ROIC -15.66% +54.4%
  • Debt/Equity 0.33 +68.6%
  • Interest Coverage -28.61 +77.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient asset utilization: 2.4x turnover

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Sales declining 12.6% over 5 years
  • ✗Shares diluted 15.4% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-6.42%
5Y-12.64%
3Y44.27%
TTM-22.3%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM38.93%

EPS CAGR

10Y-
5Y-
3Y-
TTM40.61%

ROCE

10Y Avg-23.2%
5Y Avg-26.53%
3Y Avg-27.67%
Latest-16.04%

Peer Comparison

Seismic Data Acquisition
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DWSNDawson Geophysical Company59.61M1.92-14.77-23.43%-5.15%-21.81%0.33
GEOSGeospace Technologies Corporation295.89M22.96-45.928.91%-11.7%-10.07%0.00

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+234.69M133.33M157.15M154.16M145.77M86.1M24.7M51.63M96.85M74.15M
Revenue Growth %0.63%-0.43%0.18%-0.02%-0.05%-0.41%-0.71%1.09%0.88%-0.23%
Cost of Goods Sold+47.07M44.28M39.23M29.96M21.83M17.17M12.86M58.38M95.15M68.76M
COGS % of Revenue0.2%0.33%0.25%0.19%0.15%0.2%0.52%1.13%0.98%0.93%
Gross Profit+187.61M89.05M117.91M124.2M123.95M68.93M11.83M-6.75M1.7M5.4M
Gross Margin %0.8%0.67%0.75%0.81%0.85%0.8%0.48%-0.13%0.02%0.07%
Gross Profit Growth %3.37%-0.53%0.32%0.05%-0%-0.44%-0.83%-1.57%1.25%2.18%
Operating Expenses+228.29M138.48M155.35M149.22M140.19M82.92M41.06M15.46M14.77M9.95M
OpEx % of Revenue0.97%1.04%0.99%0.97%0.96%0.96%1.66%0.3%0.15%0.13%
Selling, General & Admin22.73M16.82M16.19M16.29M17.17M13.92M12.05M15.46M14.77M9.95M
SG&A % of Revenue0.1%0.13%0.1%0.11%0.12%0.16%0.49%0.3%0.15%0.13%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses1.1M3.11M712K-170K123.02M69M29.02M000
Operating Income+-40.68M-49.44M-37.44M-25.03M-16.25M-13.99M-29.23M-22.2M-13.07M-4.55M
Operating Margin %-0.17%-0.37%-0.24%-0.16%-0.11%-0.16%-1.18%-0.43%-0.13%-0.06%
Operating Income Growth %-2.34%-0.22%0.24%0.33%0.35%0.14%-1.09%0.24%0.41%0.65%
EBITDA+6.39M-5.15M1.79M4.93M6.78M3.18M-16.37M-10.37M-4.58M1.19M
EBITDA Margin %0.03%-0.04%0.01%0.03%0.05%0.04%-0.66%-0.2%-0.05%0.02%
EBITDA Growth %-0.48%-1.81%1.35%1.75%0.37%-0.53%-6.14%0.37%0.56%1.26%
D&A (Non-Cash Add-back)47.07M44.28M39.23M29.96M23.03M17.17M12.86M11.83M8.49M5.74M
EBIT-39.42M-45.98M-36.95M-24.8M-15.02M-13.09M-29.1M-18.51M-12.14M-3.95M
Net Interest Income+-450K87K148K-8K113K319K199K286K473K149K
Interest Income159K347K306K400K548K402K220K316K576K308K
Interest Expense609K260K158K408K435K83K21K31K103K159K
Other Income/Expense648K1.25M860K-178K794K820K113K3.66M827K437K
Pretax Income+-40.03M-46.24M-36.58M-25.2M-15.45M-13.17M-29.12M-18.54M-12.24M-4.11M
Pretax Margin %-0.17%-0.35%-0.23%-0.16%-0.11%-0.15%-1.18%-0.36%-0.13%-0.06%
Income Tax+-13.76M-6.45M-5.31M-798K-239K24K-26K107K-96K7K
Effective Tax Rate %0.66%0.86%0.85%0.97%0.98%1%1%1.01%0.99%1%
Net Income+-26.28M-39.79M-31.27M-24.41M-15.21M-13.2M-29.09M-18.64M-12.15M-4.12M
Net Margin %-0.11%-0.3%-0.2%-0.16%-0.1%-0.15%-1.18%-0.36%-0.13%-0.06%
Net Income Growth %-2%-0.51%0.21%0.22%0.38%0.13%-1.2%0.36%0.35%0.66%
Net Income (Continuing)-26.28M-38.33M-31.79M-24.41M-15.21M-13.2M-29.09M-18.64M-12.15M-4.12M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-1.21-1.75-1.37-1.07-0.66-0.56-1.23-0.75-0.45-0.13
EPS Growth %-0.17%-0.45%0.22%0.22%0.38%0.15%-1.2%0.39%0.4%0.71%
EPS (Basic)-1.21-1.75-1.38-1.07-0.66-0.56-1.23-0.75-0.45-0.13
Diluted Shares Outstanding21.72M22.69M22.78M22.91M23.18M23.38M23.57M24.97M26.75M30.88M
Basic Shares Outstanding21.72M22.69M22.71M22.81M23.18M23.38M23.57M24.97M26.75M30.88M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+99.86M75.73M77.11M77.03M65.62M58.59M42.86M43.83M33.11M14.54M
Cash & Short-Term Investments58.01M54.87M38.6M39.31M28.62M41.54M25.64M18.87M16.04M1.39M
Cash Only37.01M14.62M22.01M28.73M26.27M40.95M25.38M18.6M15.77M1.39M
Short-Term Investments21M40.25M16.58M10.58M2.35M583K265K265K265K0
Accounts Receivable35.7M16.03M33.16M25.4M24.42M7.34M8.9M13.4M12.73M10.36M
Days Sales Outstanding55.5243.8977.0160.1561.1531.13131.6294.774851
Inventory00001.39M0-8.9M00391K
Days Inventory Outstanding----23.31----2.08
Other Current Assets00695K03.61M5M16.12M9.28M1.14M634K
Total Non-Current Assets+147.93M111.94M88.13M73.66M61.99M44.79M31.18M24.85M25.08M16.33M
Property, Plant & Equipment147.57M110.92M86.57M71.54M60.15M44.39M30.78M24.48M19.72M15.98M
Fixed Asset Turnover1.59x1.20x1.82x2.15x2.42x1.94x0.80x2.11x4.91x4.64x
Goodwill-360.64M-486.51M00000000
Intangible Assets361M487M494K379K385K393K395K369K377K348K
Long-Term Investments0-487K-494K-379K1.39M00000
Other Non-Current Assets0487K1.33M1.83M00-3.02M04.32M0
Total Assets+247.79M187.67M165.24M150.69M127.61M103.38M74.04M68.67M58.19M30.87M
Asset Turnover0.95x0.71x0.95x1.02x1.14x0.83x0.33x0.75x1.66x2.40x
Asset Growth %0%-0.24%-0.12%-0.09%-0.15%-0.19%-0.28%-0.07%-0.15%-0.47%
Total Current Liabilities+28.81M15M17.81M27.29M18.26M7.44M7.59M16.19M22.42M9.93M
Accounts Payable8.4M5.62M5.93M5.43M3.95M1.6M2.58M4.14M3.88M3.38M
Days Payables Outstanding65.1446.355.1966.1266.0934.0773.2125.8914.917.95
Short-Term Debt8.59M2.36M2.71M6.68M5.26M40K265K205K910K168K
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K01000K1000K
Other Current Liabilities4.58M2.94M6.31M3.64M2.4M01.34M7.38M709K0
Current Ratio3.47x5.05x4.33x2.82x3.59x7.87x5.65x2.71x1.48x1.46x
Quick Ratio3.47x5.05x4.33x2.82x3.52x7.87x6.82x2.71x1.48x1.42x
Cash Conversion Cycle----18.37----35.13
Total Non-Current Liabilities+9.26M1.78M6.18M6.38M6.19M4.96M3.97M3.68M4.34M3.66M
Long-Term Debt2.11M05.15M6.1M000000
Capital Lease Obligations00005.94M4.94M3.95M3.54M3.65M3.64M
Deferred Tax Liabilities5.32M146K874K134K019K20K0688K16K
Other Non-Current Liabilities1.83M1.64M150K150K246K19K0137K15K0
Total Liabilities38.07M16.78M23.99M33.67M24.44M12.4M11.56M19.87M26.76M13.59M
Total Debt+10.69M2.36M7.87M12.78M12.4M6.15M5.21M4.93M6.23M5.78M
Net Debt-26.32M-12.27M-14.15M-15.95M-13.87M-34.81M-20.16M-13.67M-9.54M4.39M
Debt / Equity0.05x0.01x0.06x0.11x0.12x0.07x0.08x0.10x0.20x0.33x
Debt / EBITDA1.67x-4.38x2.59x1.83x1.93x---4.87x
Net Debt / EBITDA-4.12x--7.88x-3.23x-2.05x-10.94x---3.70x
Interest Coverage-66.80x-190.14x-236.96x-61.34x-37.35x-168.58x-1391.90x-716.16x-126.89x-28.61x
Total Equity+209.72M170.88M141.25M117.02M103.17M90.97M62.48M48.8M31.43M17.28M
Equity Growth %0.08%-0.19%-0.17%-0.17%-0.12%-0.12%-0.31%-0.22%-0.36%-0.45%
Book Value per Share9.657.536.205.114.453.892.651.951.180.56
Total Shareholders' Equity209.72M170.88M141.25M117.02M103.17M90.97M62.48M48.8M31.43M17.28M
Common Stock216K217K218K230K233K235K237K238K308K310K
Retained Earnings69.06M29.27M-2.02M-34.52M-49.73M-62.93M-92.02M-112.47M-123.64M-137.62M
Treasury Stock0000000000
Accumulated OCI-1.82M-1.6M-780K-1.96M-1.57M-1.2M-1.01M5.62M-1.91M-2.48M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+20.61M8.74M-6.7M12.87M9.48M19.64M-16.05M-3.27M814K-1.87M
Operating CF Margin %0.09%0.07%-0.04%0.08%0.07%0.23%-0.65%-0.06%0.01%-0.03%
Operating CF Growth %0.14%-0.58%-1.77%2.92%-0.26%1.07%-1.82%0.8%1.25%-3.29%
Net Income-26.28M-39.79M-31.27M-24.41M-15.21M-13.2M-29.09M-18.64M-12.15M-4.12M
Depreciation & Amortization47.07M44.28M39.23M29.96M21.83M17.17M12.86M11.83M8.49M5.74M
Stock-Based Compensation1.16M879K976K1.37M1.21M703K479K000
Deferred Taxes-14.05M-6.05M763K-757K-23K10K1K116K-121K1K
Other Non-Cash Items2.16M-2.44M-3.29M16K976K2.69M590K1.94M1.14M1.19M
Working Capital Changes10.55M11.87M-13.12M6.69M708K12.26M-892K1.49M3.45M-4.67M
Change in Receivables15.88M19.67M-16.7M6.74M1.12M16.87M-1.27M-145K-2.77M2.54M
Change in Inventory-2.83M-482K1.86M-3.44M0-625K-168K000
Change in Payables-3.13M-4.33M1.18M-798K-579K-2.28M983K802K138K-128K
Cash from Investing+15.79M-22.73M16.79M-8.6M4.18M-512K264K-1.09M-4.5M-735K
Capital Expenditures-6.85M-8.25M-8.68M-15.74M-4.4M-2.85M-505K-1.43M-3.72M-1.86M
CapEx % of Revenue0.03%0.06%0.06%0.1%0.03%0.03%0.02%0.03%0.04%0.03%
Acquisitions----------
Investments----------
Other Investing2.5M1.56B9.56M-14.6M348K-2.28M451K340K217K865K
Cash from Financing+-13.61M-8.48M-3.42M2.52M-11.26M-4.53M95K-2.15M-4.2M-11.56M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid000-1K00000-9.86M
Share Repurchases----------
Other Financing-551K-149K-158K-121K-236K00-963K-3.06M-76K
Net Change in Cash----------
Free Cash Flow+13.77M491K-15.38M-2.87M5.08M16.79M-16.55M-4.7M-2.91M-3.73M
FCF Margin %0.06%0%-0.1%-0.02%0.03%0.2%-0.67%-0.09%-0.03%-0.05%
FCF Growth %-0.03%-0.96%-32.32%0.81%2.77%2.3%-1.99%0.72%0.38%-0.28%
FCF per Share0.630.02-0.68-0.130.220.72-0.70-0.19-0.11-0.12
FCF Conversion (FCF/Net Income)-0.78x-0.22x0.21x-0.53x-0.62x-1.49x0.55x0.18x-0.07x0.45x
Interest Paid620K260K0408K440K92K20K31K98K159K
Taxes Paid692K33K014K40K87K81K0059K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-13.01%-20.91%-20.03%-18.9%-13.82%-13.59%-37.92%-33.51%-30.28%-16.91%
Return on Invested Capital (ROIC)-16.35%-21.68%-19.66%-16.45%-12.8%-14.43%-44.52%-43%-34.38%-15.66%
Gross Margin79.94%66.79%75.03%80.57%85.03%80.05%47.91%-13.07%1.75%7.28%
Net Margin-11.2%-29.84%-19.9%-15.83%-10.44%-15.33%-117.8%-36.11%-12.54%-5.55%
Debt / Equity0.05x0.01x0.06x0.11x0.12x0.07x0.08x0.10x0.20x0.33x
Interest Coverage-66.80x-190.14x-236.96x-61.34x-37.35x-168.58x-1391.90x-716.16x-126.89x-28.61x
FCF Conversion-0.78x-0.22x0.21x-0.53x-0.62x-1.49x0.55x0.18x-0.07x0.45x
Revenue Growth63.05%-43.19%17.86%-1.9%-5.44%-40.94%-71.32%109.07%87.58%-23.43%

Revenue by Segment

2015201620172018201920202021202220232024
Fee Revenue--------61.45M53.48M
Fee Revenue Growth----------12.97%
Reimbursable Revenue--------35.4M20.68M
Reimbursable Revenue Growth----------41.59%

Revenue by Geography

2015201620172018201920202021202220232024
United States------17.77M22.2M--
United States Growth-------24.93%--
Canada------6.92M15.28M--
Canada Growth-------120.68%--
U222.15M122.52M135.06M137.1M129.45M73.98M----
U Growth--44.85%10.23%1.51%-5.58%-42.85%----
C12.53M10.81M22.09M17.05M16.32M12.12M----
C Growth--13.75%104.39%-22.79%-4.30%-25.76%----

Frequently Asked Questions

Growth & Financials

Dawson Geophysical Company (DWSN) reported $64.3M in revenue for fiscal year 2024. This represents a 57% decrease from $151.0M in 2011.

Dawson Geophysical Company (DWSN) saw revenue decline by 23.4% over the past year.

Dawson Geophysical Company (DWSN) reported a net loss of $3.3M for fiscal year 2024.

Dividend & Returns

Yes, Dawson Geophysical Company (DWSN) pays a dividend with a yield of 16.63%. This makes it attractive for income-focused investors.

Dawson Geophysical Company (DWSN) has a return on equity (ROE) of -16.9%. Negative ROE indicates the company is unprofitable.

Dawson Geophysical Company (DWSN) generated $0.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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