← Back to All US Stocks

Dawson Geophysical Co (DWSN) Stock Fundamental Analysis & AI Rating 2026

DWSN Nasdaq Oil & Gas Field Exploration Services TX CIK: 0000799165
Updated This Month • Analysis: Mar 23, 2026 • SEC Data: 2025-09-30
Combined AI Rating
SELL
77% Confidence
STRONG AGREEMENT
SELL
75% Conf
SELL
79% Conf

📊 DWSN Key Takeaways

Revenue: $48.7M
Net Margin: -5.2%
Free Cash Flow: $5.8M
Current Ratio: 0.80x
Debt/Equity: 0.43x
EPS: $-0.08
AI Rating: SELL with 75% confidence
Dawson Geophysical Co (DWSN) receives a SELL rating with 77% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $48.7M, net profit margin of -5.2%, and return on equity (ROE) of -16.5%, Dawson Geophysical Co demonstrates mixed fundamentals in the Energy sector. Below is our complete DWSN stock analysis for 2026.

Is Dawson Geophysical Co (DWSN) a Good Investment?

Claude

Dawson Geophysical faces significant operational challenges with declining revenue (-23.4% YoY), persistent operating losses, and a current ratio of 0.80x indicating insufficient liquidity to cover short-term obligations. While positive free cash flow of $5.8M and moderate debt levels provide some cushion, the company's inability to achieve profitability combined with deteriorating operational metrics signals ongoing structural weakness in the business.

ChatGPT

Dawson Geophysical’s fundamentals are weak: revenue is contracting sharply, profitability remains negative, and returns on assets and equity are poor. While the company is still generating positive operating cash flow and free cash flow, that cash generation is being offset by weak liquidity and loss-making operations, which raises concern about the durability and quality of the recovery.

Why Buy Dawson Geophysical Co Stock? DWSN Key Strengths

Claude
  • + Positive free cash flow of $5.8M despite operating losses, indicating cash generation from operations
  • + Moderate leverage with Debt/Equity ratio of 0.43x, providing financial flexibility
  • + Solid cash position of $5.1M relative to company size
ChatGPT
  • + Positive operating cash flow of $11.89M and free cash flow of $5.77M provide near-term financial support
  • + Debt/equity of 0.43x suggests leverage is not excessive relative to equity
  • + EPS improved year over year, indicating some operating stabilization despite continued losses

DWSN Stock Risks: Dawson Geophysical Co Investment Risks

Claude
  • ! Revenue declining sharply at -23.4% YoY with persistent operating and net losses (-$2.5M each)
  • ! Liquidity crisis emerging with current ratio of 0.80x, indicating inability to cover short-term liabilities with current assets
  • ! Negative interest coverage of -54.5x demonstrates inability to service debt obligations from operating earnings
ChatGPT
  • ! Revenue declined 23.4% YoY, signaling weak demand and poor top-line momentum
  • ! Operating and net margins are negative, with ROE of -16.5% and ROA of -6.2%, showing persistent fundamental weakness
  • ! Current and quick ratios of 0.80x indicate tight liquidity, while negative interest coverage highlights earnings-based debt-servicing risk

Key Metrics to Watch

Claude
  • * Operating cash flow sustainability as revenue decline may eventually impact cash generation
  • * Current ratio trend and working capital management to assess liquidity deterioration
  • * Operating margin recovery path and revenue stabilization in oil & gas services sector
ChatGPT
  • * Revenue growth and operating margin trend
  • * Operating cash flow sustainability versus capital expenditures

Dawson Geophysical Co (DWSN) Financial Metrics & Key Ratios

Revenue
$48.7M
Net Income
$-2.5M
EPS (Diluted)
$-0.08
Free Cash Flow
$5.8M
Total Assets
$40.6M
Cash Position
$5.1M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

DWSN Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -5.2%
Net Margin -5.2%
ROE -16.5%
ROA -6.2%
FCF Margin 11.9%

DWSN vs Energy Sector: How Dawson Geophysical Co Compares

How Dawson Geophysical Co compares to Energy sector averages

Net Margin
DWSN -5.2%
vs
Sector Avg 12.0%
DWSN Sector
ROE
DWSN -16.5%
vs
Sector Avg 14.0%
DWSN Sector
Current Ratio
DWSN 0.8x
vs
Sector Avg 1.3x
DWSN Sector
Debt/Equity
DWSN 0.4x
vs
Sector Avg 0.6x
DWSN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Dawson Geophysical Co Stock Overvalued? DWSN Valuation Analysis 2026

Based on fundamental analysis, Dawson Geophysical Co shows some fundamental concerns relative to the Energy sector in 2026.

Return on Equity
-16.5%
Sector avg: 14%
Net Profit Margin
-5.2%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.43x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Dawson Geophysical Co Balance Sheet: DWSN Debt, Cash & Liquidity

Current Ratio
0.80x
Quick Ratio
0.80x
Debt/Equity
0.43x
Debt/Assets
0.0%
Interest Coverage
-54.54x
Long-term Debt
$6.5M

DWSN Revenue & Earnings Growth: 5-Year Financial Trend

DWSN 5-year financial data: Year 2021: Revenue $86.1M, Net Income -$13.2M, EPS $-0.56. Year 2022: Revenue $37.5M, Net Income -$29.1M, EPS $-1.23. Year 2023: Revenue $96.8M, Net Income -$18.6M, EPS $-0.75. Year 2024: Revenue $96.8M, Net Income -$12.1M, EPS $-0.45. Year 2025: Revenue $75.6M, Net Income -$4.1M, EPS $-0.13.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Dawson Geophysical Co's revenue has declined by 12% over the 5-year period, indicating business contraction. The most recent EPS of $-0.13 indicates the company is currently unprofitable.

DWSN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
11.9%
Free cash flow / Revenue

DWSN Quarterly Earnings & Performance

Quarterly financial performance data for Dawson Geophysical Co including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $14.4M $992.0K $-0.04
Q2 2025 $9.9M $992.0K $-0.04
Q1 2025 $16.1M $992.0K $0.03
Q3 2024 $14.4M -$413.0K $-0.11
Q2 2024 $12.5M -$413.0K $0.07
Q1 2024 $29.4M -$413.0K $-0.02
Q3 2023 $7.4M -$413.0K $-0.20
Q2 2023 $4.8M -$413.0K $-0.18

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Dawson Geophysical Co Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$11.9M
Cash generated from operations
Stock Buybacks
$71
Shares repurchased (TTM)
Capital Expenditures
$6.1M
Investment in assets
Dividends Paid
$9.9M
Returned to shareholders

DWSN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Dawson Geophysical Co (CIK: 0000799165)

📋 Recent SEC Filings

Date Form Document Action
Mar 31, 2026 10-K dwsn-20251231x10k.htm View →
Mar 31, 2026 8-K dwsn-20260330x8k.htm View →
Jan 5, 2026 4 xslF345X05/form4.xml View →
Nov 13, 2025 10-Q dwsn-20250930x10q.htm View →
Nov 12, 2025 8-K dwsn-20251112x8k.htm View →

Frequently Asked Questions about DWSN

What is the AI rating for DWSN?

Dawson Geophysical Co (DWSN) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 77% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are DWSN's key strengths?

Claude: Positive free cash flow of $5.8M despite operating losses, indicating cash generation from operations. Moderate leverage with Debt/Equity ratio of 0.43x, providing financial flexibility. ChatGPT: Positive operating cash flow of $11.89M and free cash flow of $5.77M provide near-term financial support. Debt/equity of 0.43x suggests leverage is not excessive relative to equity.

What are the risks of investing in DWSN?

Claude: Revenue declining sharply at -23.4% YoY with persistent operating and net losses (-$2.5M each). Liquidity crisis emerging with current ratio of 0.80x, indicating inability to cover short-term liabilities with current assets. ChatGPT: Revenue declined 23.4% YoY, signaling weak demand and poor top-line momentum. Operating and net margins are negative, with ROE of -16.5% and ROA of -6.2%, showing persistent fundamental weakness.

What is DWSN's revenue and growth?

Dawson Geophysical Co reported revenue of $48.7M.

Does DWSN pay dividends?

Dawson Geophysical Co pays dividends, with $9.9M distributed to shareholders in the trailing twelve months.

Where can I find DWSN SEC filings?

Official SEC filings for Dawson Geophysical Co (CIK: 0000799165) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is DWSN's EPS?

Dawson Geophysical Co has a diluted EPS of $-0.08.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is DWSN a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Dawson Geophysical Co has a SELL rating with 77% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is DWSN stock overvalued or undervalued?

Valuation metrics for DWSN: ROE of -16.5% (sector avg: 14%), net margin of -5.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy DWSN stock in 2026?

Our dual AI analysis gives Dawson Geophysical Co a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is DWSN's free cash flow?

Dawson Geophysical Co's operating cash flow is $11.9M, with capital expenditures of $6.1M. FCF margin is 11.9%.

How does DWSN compare to other Energy stocks?

Vs Energy sector averages: Net margin -5.2% (avg: 12%), ROE -16.5% (avg: 14%), current ratio 0.80 (avg: 1.3).

Top Rated Stocks
NSSC 92% MLI 92% MELI 92% MDXG 92% MANH 92% INVA 92% GGG 92% GCT 92% FTNT 92% FSLR 92%
Sector: All Energy Stocks →
Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 23, 2026 | Data as of: 2025-09-30 | Powered by Claude AI