A Business at a Glance
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DAWSON GEOPHYSICAL CO
DWSN
$158M
Mkt Cap
$4.98
+4.62%
DAWSON GEOPHYSICAL CO (DWSN) has a 5-year average return on invested capital (ROIC) of -30.4%. This is below average and may indicate limited pricing power.
DAWSON GEOPHYSICAL CO (DWSN) has a market capitalization of $155M. It is classified as a small-cap stock.
Yes, DAWSON GEOPHYSICAL CO (DWSN) pays a dividend with a trailing twelve-month yield of 6.25%.
DAWSON GEOPHYSICAL CO (DWSN) operates in the Oil & Gas Field Exploration Services industry, within the Energy sector.
DAWSON GEOPHYSICAL CO (DWSN) reported annual revenue of $74 million in its most recent fiscal year, based on SEC EDGAR filings.
DAWSON GEOPHYSICAL CO (DWSN) has a net profit margin of -5.6%. The company is currently unprofitable.
DAWSON GEOPHYSICAL CO (DWSN) generated $-4 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Item 1. BUSINESS Dawson Geophysical Company, a Texas corporation (the “Company”), is a leading provider of North American onshore seismic data acquisition services with operations throughout the continental United States (“U.S.”) and Canada. We acquire and process 2-D, 3-D and multi-component seismic data for our clients, ranging from major oil and gas companies to independent oil and gas operators, providers of multi-client data libraries and carbon capture sequestration projects. Our principal business office is located at 508 West Wall, Suite 800, Midland, Texas 79701 (Telephone: 432-684-3000), and our internet address is www.dawson3d.com. We make available free of charge on our website our annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K as soon as reasonably practicable after filing or furnishing such information with the Securities and Exchange Commission (“SEC”).
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 76M | 74M | 97M | 52M | 25M | 86M |
| Net Income | -1.9M | -4.1M | -12M | -19M | -29M | -13M |
| EPS | $-0.06 | $-0.13 | $-0.45 | $-0.75 | $-1.23 | $-0.56 |
| Free Cash Flow | 0 | -3.7M | -2.9M | -4.7M | -17M | 17M |
| ROIC | -4.7% | -16.0% | -37.1% | -38.0% | -46.6% | -14.5% |
| Gross Margin | - | 15.0% | 10.5% | 9.8% | -17.5% | 19.9% |
| Debt/Equity | 1.11 | 0.20 | 0.13 | 0.02 | 0.01 | 0.00 |
| Dividends/Share | $0.00 | $0.31 | - | - | - | - |
| Operating Income | -1.7M | -4.5M | -13M | -22M | -29M | -14M |
| Operating Margin | -2.2% | -6.1% | -13.5% | -43.0% | -118.4% | -16.3% |
| ROE | -12.3% | -16.9% | -38.6% | -38.2% | -46.6% | -13.6% |
| Shares Outstanding | 31M | 32M | 27M | 25M | 24M | 24M |
| Metric | 2020 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 305M | 262M | 235M | 138M | 157M | 154M | 146M | 86M | 25M | 52M | 97M | 74M | 76M |
| Gross Margin | 64.7% | 61.2% | 42.4% | 54.5% | 11.2% | 13.8% | 15.6% | 19.9% | -17.5% | 9.8% | 10.5% | 15.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 13M | 12M | 23M | 17M | 16M | 16M | 17M | 14M | 12M | 15M | 13M | 9.5M | 9.0M |
| EBIT | 20M | -14M | -41M | -47M | -38M | -25M | -16M | -14M | -29M | -22M | -13M | -4.5M | -1.7M |
| Op. Margin | 6.6% | -5.2% | -17.3% | -34.5% | -24.3% | -16.2% | -11.1% | -16.3% | -118.4% | -43.0% | -13.5% | -6.1% | -2.2% |
| Net Income | 10M | -9.5M | -26M | -40M | -31M | -24M | -15M | -13M | -29M | -19M | -12M | -4.1M | -1.9M |
| Net Margin | 3.4% | -3.6% | -11.2% | -28.9% | -20.0% | -15.8% | -10.4% | -15.3% | -117.8% | -36.1% | -12.5% | -5.6% | -2.6% |
| Non-Recurring | -657K | 242K | -815K | 167K | 1.7M | -16K | 86K | 240K | 0 | 0 | 2.2M | 486K | 486K |
| Returns on Capital | |||||||||||||
| ROIC | 19.7% | -15.9% | -12.5% | -20.6% | -19.5% | -18.1% | -13.4% | -14.5% | -46.6% | -38.0% | -37.1% | -16.0% | -4.7% |
| ROE | 14.1% | N/A | -13.0% | -20.9% | -20.0% | -18.9% | -13.8% | -13.6% | -46.6% | -38.2% | -38.6% | -16.9% | -12.3% |
| ROA | 8.6% | -10.4% | -15.8% | -18.3% | -17.6% | -15.3% | -10.9% | -11.4% | -39.3% | -27.2% | -21.1% | -9.3% | -3.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 71M | 9.3M | 21M | 8.7M | -6.7M | 13M | 9.5M | 20M | -16M | -3.3M | 814K | -1.9M | 14M |
| Free Cash Flow | 22M | -26M | 14M | 491K | -15M | -2.9M | 5.1M | 17M | -17M | -4.7M | -2.9M | -3.7M | 0 |
| Owner Earnings | 32M | -11M | -28M | -36M | -47M | -18M | -14M | 1.8M | -29M | -16M | -8.1M | -8.1M | 8.2M |
| CapEx | 48M | 35M | 6.8M | 8.3M | 8.7M | 16M | 4.4M | 2.8M | 505K | 1.4M | 3.7M | 1.9M | 0 |
| Maint. CapEx | 37M | 19M | 47M | 44M | 39M | 30M | 22M | 17M | 13M | 12M | 8.5M | 5.7M | 5.7M |
| Growth CapEx | 11M | 16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 37M | 19M | 47M | 44M | 39M | 30M | 22M | 17M | 13M | 12M | 8.5M | 5.7M | 5.7M |
| CapEx/OCF | 8.0% | 337.7% | 33.2% | 94.4% | N/A | 122.3% | 46.4% | 14.5% | N/A | N/A | 457.1% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 1.9M | 0 | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 9.9M | 0 |
| Dividend Yield | 0.0% | 2.3% | N/A | N/A | N/A | 0.0% | N/A | N/A | N/A | N/A | N/A | 19.6% | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.8M | 688K | 1.2M | 879K | 976K | 1.4M | 1.2M | 703K | 479K | 413K | 413K | 473K | 130K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -36M | -50K | -46M | -50M | -31M | -27M | -24M | -41M | -25M | -18M | -7.0M | 2.1M | 12M |
| Cash & Equiv. | 52M | 15M | 37M | 15M | 22M | 29M | 26M | 41M | 25M | 19M | 11M | 1.4M | 5.3M |
| Long-Term Debt | 8.4M | 7.3M | 9.5M | 2.4M | 5.2M | 6.1M | 96K | 44K | 8K | 207K | 1.3M | 1.5M | 11M |
| Debt/Equity | 0.24 | N/A | 0.09 | 0.03 | 0.06 | 0.11 | 0.04 | 0.00 | 0.01 | 0.02 | 0.13 | 0.20 | 1.11 |
| Interest Coverage | 30.6 | -20.0 | -66.8 | -182.6 | -240.3 | -61.3 | -37.3 | -168.6 | -1391.9 | -716.2 | -126.9 | -28.6 | -28.6 |
| Equity | 69M | N/A | 210M | 171M | 141M | 117M | 103M | 91M | 62M | 49M | 31M | 17M | 16M |
| Total Assets | 98M | 85M | 248M | 188M | 168M | 151M | 128M | 103M | 74M | 69M | 58M | 31M | 56M |
| Total Liabilities | 29M | N/A | 38M | 16M | 27M | 34M | 24M | 12M | 12M | 20M | 26M | 14M | 40M |
| Intangibles | N/A | N/A | 361K | 487K | 494K | 379K | 385K | 393K | 395K | 369K | 377K | 348K | 364K |
| Retained Earnings | 42M | 101M | 69M | 22M | -10M | -35M | -50M | -63M | -92M | -112M | -124M | -138M | -140M |
| Working Capital | 18M | 12M | 71M | 61M | 59M | 50M | 47M | 51M | 35M | 28M | 15M | 4.6M | -5.0M |
| Current Assets | 35M | 35M | 100M | 76M | 80M | 77M | 66M | 59M | 43M | 44M | 37M | 15M | 22M |
| Current Liabilities | 17M | 22M | 29M | 15M | 20M | 27M | 18M | 7.4M | 7.6M | 16M | 22M | 9.9M | 27M |
| Per Share Data | |||||||||||||
| EPS | 0.74 | -1.30 | -1.27 | -1.69 | -1.40 | -1.07 | -0.66 | -0.56 | -1.23 | -0.75 | -0.45 | -0.13 | -0.06 |
| Owner EPS | 2.27 | -1.44 | -1.33 | -1.55 | -2.10 | -0.81 | -0.59 | 0.07 | -1.24 | -0.62 | -0.30 | -0.25 | 0.26 |
| Book Value | 4.95 | N/A | 10.14 | 7.28 | 6.33 | 5.13 | 4.48 | 3.86 | 2.64 | 1.96 | 1.16 | 0.55 | 0.51 |
| Cash Flow/Share | 5.05 | 1.26 | 1.00 | 0.37 | -0.30 | 0.56 | 0.41 | 0.83 | -0.68 | -0.13 | 0.03 | -0.06 | 0.12 |
| Dividends/Share | 0.00 | 0.26 | N/A | N/A | N/A | 0.00 | N/A | N/A | N/A | N/A | N/A | 0.31 | 0.00 |
| Shares Out. | 14.0M | 7.3M | 20.7M | 23.5M | 22.3M | 22.8M | 23.1M | 23.6M | 23.7M | 24.9M | 27.0M | 31.7M | 31.1M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -79.7 |
| P/FCF | 11.5 | N/A | 4.5 | 323.7 | N/A | N/A | 9.1 | 2.5 | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 2.0 | 0.4 | 0.3 | 0.9 | 0.7 | 0.6 | 0.5 | 0.5 | 0.7 | 0.9 | 1.3 | 2.6 | 9.8 |
| Price/Sales | 1.2 | 0.6 | 0.4 | 0.9 | 0.6 | 0.8 | 0.4 | 0.4 | 2.0 | 0.8 | 0.4 | 0.7 | 2.0 |
| FCF Yield | 15.9% | -34.0% | 21.1% | 0.3% | -16.3% | -4.2% | 10.9% | 39.6% | -35.6% | -11.1% | -6.9% | -8.3% | N/A |
| Market Cap | 139M | 77M | 65M | 153M | 94M | 68M | 46M | 42M | 46M | 42M | 42M | 45M | 155M |
| Avg. Price | 20.35 | 11.55 | 3.92 | 5.01 | 4.26 | 5.19 | 2.27 | 1.50 | 2.11 | 1.62 | 1.55 | 1.59 | 4.98 |
| Year-End Price | 18.20 | 5.20 | 3.01 | 6.75 | 4.13 | 2.99 | 2.02 | 1.80 | 1.96 | 1.71 | 1.57 | 1.42 | 4.98 |
DAWSON GEOPHYSICAL CO passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 7.5%. Total shareholder yield (dividends) is 6.2%. At current prices, the estimated annualized return to fair value is +8.6%.
DAWSON GEOPHYSICAL CO (DWSN) has a debt-to-equity ratio of 0.20. This indicates a conservatively financed balance sheet.
DAWSON GEOPHYSICAL CO (DWSN) reported earnings per share (EPS) of $-0.13 in its most recent fiscal year.
DAWSON GEOPHYSICAL CO (DWSN) has a return on equity (ROE) of -16.9%. A negative ROE may indicate losses or negative equity.
DAWSON GEOPHYSICAL CO (DWSN) has a 5-year average gross margin of 7.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for DAWSON GEOPHYSICAL CO (DWSN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
DAWSON GEOPHYSICAL CO (DWSN) has a book value per share of $0.55, based on its most recent annual SEC filing.
No recent press releases.