Dawson Geophysical Company (DWSN) Key Metrics
DWSN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $69.3M
- Enterprise value
- $106.2M
- P/E (TTM)
- 18.6
- Forward P/E
- 3.8
- PEG ratio
- 12.17
- Price / sales
- 0.7 10-yr median 0.6
- Price / book
- 4.6 10-yr median 0.9
- EV / EBITDA
- 8.7 10-yr median 12.4
- Dividend yield
- —
- Beta
- 0.11
DWSN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDWSN valuation Price multiples at each fiscal year-end price.
DWSN returns How much profit the business earns on the capital it uses.
DWSN per-share figures Results divided by the shares outstanding at year-end.
DWSN financial health Debt, liquidity and how easily interest is covered.
DWSN efficiency & capital use Working capital cycle and where the cash goes.
DWSN valuation history
DWSN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DWSN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DWSN cash returned to shareholders
DWSN price vs earnings per share
DWSN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $48.4M | $41.4M | $49.0M | $48.9M | $54.7M | $49.6M | $55.6M | $77.4M | $107.8M | $173.8M |
| Enterprise value | $63.8M | $45.8M | $39.2M | $35.0M | $34.3M | $14.2M | $39.4M | $50.9M | $77.1M | $121.2M |
| Price / sales | 0.6 | 0.6 | 0.5 | 0.9 | 2.2 | 0.6 | 0.4 | 0.5 | 0.7 | 1.3 |
| Price / book | 3.1 | 2.4 | 1.6 | 1.0 | 0.9 | 0.5 | 0.5 | 0.7 | 0.8 | 1.0 |
| Price / free cash flow | 6.8 | — | — | — | — | 3.0 | 10.9 | — | — | 353.9 |
| Price / operating cash flow | 3.5 | — | 60.1 | — | — | 2.5 | 5.9 | 6.0 | — | 19.9 |
| EV / sales | 0.8 | 0.6 | 0.4 | 0.7 | 1.4 | 0.2 | 0.3 | 0.3 | 0.5 | 0.9 |
| EV / EBITDA | 14.9 | 25.7 | — | — | — | 3.5 | 5.8 | 9.9 | 33.7 | — |
| EV / free cash flow | 8.9 | — | — | — | — | 0.8 | 7.8 | — | — | 246.9 |
| Earnings yield | −4.0% | −10.0% | −24.8% | −38.1% | −53.2% | −26.6% | −27.3% | −31.5% | −29.0% | −22.9% |
| Free cash flow yield | 14.8% | −9.0% | −5.9% | −9.6% | −30.3% | 33.9% | 9.1% | −3.7% | −14.3% | 0.3% |
| Dividend yield | 0.0% | 23.8% | 0.0% | 0.2% | 0.3% | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.0% | 24.0% | 0.0% | 0.3% | 0.4% | 0.1% | 0.4% | 0.2% | 0.1% | 0.0% |
| Share price at fiscal year-end | $1.56 | $1.34 | $1.83 | $1.96 | $2.32 | $2.12 | $2.40 | $3.38 | $4.73 | $7.66 |
| Per share | ||||||||||
| Revenue per share | $2.44 | $2.40 | $3.62 | $2.07 | $1.05 | $3.68 | $6.29 | $6.73 | $6.90 | $5.88 |
| Earnings per share | −$0.06 | −$0.13 | −$0.45 | −$0.75 | −$1.23 | −$0.56 | −$0.66 | −$1.07 | −$1.37 | −$1.75 |
| Operating cash flow per share | $0.45 | −$0.06 | $0.03 | −$0.13 | −$0.68 | $0.84 | $0.41 | $0.56 | −$0.29 | $0.39 |
| Free cash flow per share | $0.23 | −$0.12 | −$0.11 | −$0.19 | −$0.70 | $0.72 | $0.22 | −$0.13 | −$0.68 | $0.02 |
| Cash per share | $0.17 | $0.04 | $0.60 | $0.76 | $1.09 | $1.78 | $1.23 | $1.72 | $1.69 | $2.42 |
| Book value per share | $0.51 | $0.56 | $1.18 | $1.95 | $2.65 | $3.89 | $4.45 | $5.11 | $6.20 | $7.53 |
| Tangible book value per share | $0.50 | $0.55 | $1.16 | $1.94 | $2.63 | $3.87 | $4.43 | $5.09 | $6.18 | $7.51 |
| Dividends per share | $0.00 | $0.32 | $0.00 | $0.00 | $0.01 | — | $0.00 | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.22 | $0.06 | $0.14 | $0.06 | $0.02 | $0.12 | $0.19 | $0.69 | $0.38 | $0.36 |
| Debt per share | $0.67 | $0.19 | $0.23 | $0.20 | $0.22 | $0.26 | $0.54 | $0.56 | $0.35 | $0.10 |
| Shares outstanding | 31.0M | 30.9M | 26.8M | 25.0M | 23.6M | 23.4M | 23.2M | 22.9M | 22.8M | 22.7M |
| Change in shares outstanding | +0.4% | +15.4% | +7.1% | +5.9% | +0.8% | +0.9% | +1.2% | +0.6% | +0.4% | +4.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −11.7% | −16.9% | −30.3% | −33.5% | −37.9% | −13.6% | −13.8% | −18.9% | −20.0% | −20.9% |
| Return on invested capital (ROIC) | −5.0% | −16.6% | −36.6% | −45.6% | −47.3% | −15.5% | −14.5% | −19.7% | −25.8% | −27.8% |
| Return on assets (ROA) | −4.5% | −9.2% | −19.1% | −26.1% | −32.8% | −11.4% | −10.9% | −15.5% | −17.7% | −18.3% |
| Return on tangible assets | −3.5% | −13.5% | −21.0% | −27.3% | −39.5% | −12.8% | −12.0% | −16.2% | −19.0% | −21.3% |
| Free cash flow margin | 9.4% | −5.0% | −3.0% | −9.1% | −67.0% | 19.5% | 3.5% | −1.9% | −9.8% | 0.4% |
| Financial health | ||||||||||
| Total debt | $20.7M | $5.8M | $6.2M | $4.9M | $5.2M | $6.1M | $12.4M | $12.8M | $7.9M | $2.4M |
| Cash & short-term investments | $5.3M | $1.4M | $16.0M | $18.9M | $25.6M | $41.5M | $28.6M | $39.3M | $38.6M | $54.9M |
| Net debt | $15.4M | $4.4M | −$9.8M | −$13.9M | −$20.4M | −$35.4M | −$16.2M | −$26.5M | −$30.7M | −$52.5M |
| Debt / equity | 1.31 | 0.33 | 0.20 | 0.10 | 0.08 | 0.07 | 0.12 | 0.11 | 0.06 | 0.01 |
| Debt / assets | 0.37 | 0.19 | 0.11 | 0.07 | 0.07 | 0.06 | 0.10 | 0.08 | 0.05 | 0.01 |
| Net debt / EBITDA | 3.60 | 2.46 | — | — | — | −8.66 | −2.38 | −5.14 | −13.43 | — |
| Current ratio | 0.81 | 1.46 | 1.48 | 2.71 | 5.65 | 7.87 | 3.59 | 2.82 | 4.33 | 5.05 |
| Quick ratio | 0.81 | 1.42 | 1.48 | 2.40 | 6.82 | 8.86 | 3.52 | 2.82 | 4.33 | 5.05 |
| Interest coverage | -3.1 | -28.6 | -126.9 | -716.2 | — | -168.6 | -37.3 | -61.3 | -237.0 | -190.1 |
| Working capital | −$5.0M | $4.6M | $10.7M | $27.6M | $35.3M | $51.1M | $47.4M | $49.7M | $59.3M | $60.7M |
| Invested capital | $31.2M | $21.7M | $21.6M | $34.9M | $42.0M | $55.6M | $86.9M | $90.5M | $110.5M | $118.4M |
| Tangible asset value | $15.4M | $16.9M | $31.1M | $48.4M | $62.1M | $90.6M | $102.8M | $116.6M | $140.8M | $170.4M |
| Net current asset value | −$18.4M | $952,000 | $6.3M | $24.0M | $31.3M | $46.2M | $41.2M | $43.4M | $53.1M | $58.9M |
| Graham net-net per share | −$0.81 | −$0.14 | −$0.04 | $0.46 | $0.69 | $1.32 | $1.00 | $1.08 | $1.73 | $2.21 |
| Capital allocation | ||||||||||
| Dividends paid | $0 | $9.9M | $0 | $79,000 | $150,000 | — | $0 | $1,000 | $1,000 | $1,000 |
| Share buybacks (net) | — | $76,000 | — | $79,000 | $75,000 | $70,000 | $236,000 | $121,000 | $158,000 | $72,000 |
| Dividends + buybacks / free cash flow | 0.0% | — | — | — | — | 0.4% | 4.6% | — | — | 14.9% |
| Capex / revenue | 9.0% | 2.5% | 3.8% | 2.8% | 2.0% | 3.3% | 3.0% | 10.2% | 5.5% | 6.2% |
| Capex / operating cash flow | 48.9% | — | 457.1% | — | — | 14.5% | 46.4% | 122.3% | — | 94.4% |
| Capex / depreciation | 1.20 | 0.33 | 0.44 | 0.12 | 0.04 | 0.17 | 0.20 | 0.53 | 0.22 | 0.19 |
| Stock-based compensation / revenue | 0.2% | 0.6% | 5.8% | 0.8% | 1.9% | 0.8% | 0.8% | 0.9% | 0.6% | 0.7% |
| SG&A / revenue | 11.9% | 13.4% | 15.2% | 29.9% | 48.8% | 16.2% | 11.8% | 10.6% | 10.3% | 12.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 56.9 | 56.8 | 49.3 | 78.9 | 120.1 | 67.3 | 62.4 | 69.3 | 57.1 | 70.8 |
| Days of inventory on hand | — | 1.0 | 9.6 | -12.2 | -230.5 | -63.2 | 23.3 | — | — | 0.0 |
| Days payables outstanding | 34.6 | 19.3 | 15.4 | 21.0 | 59.3 | 59.0 | 78.4 | 69.2 | 53.7 | 57.8 |
| Cash conversion cycle (days) | 22.3 | 38.6 | 43.5 | 45.6 | -169.8 | -54.9 | 7.3 | 0.1 | 3.4 | 13.0 |
| Receivables turnover | 6.41 | 6.42 | 7.41 | 4.63 | 3.04 | 5.42 | 5.85 | 5.27 | 6.39 | 5.15 |
| Payables turnover | 10.54 | 18.93 | 23.72 | 17.37 | 6.15 | 6.18 | 4.65 | 5.27 | 6.79 | 6.32 |
| Inventory turnover | — | 351.70 | 38.06 | — | — | — | 15.66 | — | — | 44,283,000.00 |
| Asset turnover | 1.74 | 1.67 | 1.53 | 0.72 | 0.28 | 0.75 | 1.05 | 0.98 | 0.89 | 0.61 |
| Average receivables | $11.8M | $11.5M | $13.1M | $11.2M | $8.1M | $15.9M | $24.9M | $29.3M | $24.6M | $25.9M |
| Average payables | $6.5M | $3.6M | $4.0M | $3.4M | $2.1M | $2.8M | $4.7M | $5.7M | $5.8M | $7.0M |
| Average inventory | — | $195,500 | $2.5M | −$2.0M | −$8.1M | −$3.0M | $1.4M | — | $0 | $1 |
| Intangibles / total assets | 0.6% | 1.1% | 0.6% | 0.5% | 0.5% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% |
Computed from DWSN's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DWSN valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 18.6 and the forward P/E is 3.8. Dawson Geophysical earned a return on equity of −11.7% and a return on invested capital of −5.0% in fiscal 2025. It ended the year with $20.7 million of debt and $5.3 million in cash and short-term investments, net debt of $15.4 million. The share count rose 36.7% from 22.7M to 31.0M over 9 years.
See the DWSN income statement, the DWSN chart for price history, or the DWSN stock overview for the latest quote and news.
DWSN key metrics FAQ
What is Dawson Geophysical's P/E ratio?
Dawson Geophysical's trailing P/E ratio is 18.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 3.8. At the end of fiscal 2025 it was —.
What is Dawson Geophysical's EV/EBITDA?
Dawson Geophysical's enterprise value was 14.9 times EBITDA at the end of fiscal 2025 (enterprise value $63.8 million, EBITDA $4.3 million); the current EV/EBITDA is 8.7.
What is Dawson Geophysical's return on equity?
Dawson Geophysical's return on equity (ROE) was −11.7% in fiscal 2025: net income of -$1.9 million on average shareholders' equity of $16.5 million.
What is Dawson Geophysical's ROIC?
Dawson Geophysical's return on invested capital was −5.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Dawson Geophysical have?
Dawson Geophysical had total debt of $20.7 million at the end of fiscal 2025, a debt-to-equity ratio of 1.31 and $15.4 million of net debt (3.60 times EBITDA).
Does Dawson Geophysical pay a dividend?
Dawson Geophysical did not pay a dividend in fiscal 2025.
What is Dawson Geophysical's free cash flow yield?
Dawson Geophysical generated $7.1 million of free cash flow in fiscal 2025, a free cash flow yield of 14.8% on its market value at year-end ($48.4 million).
What is Dawson Geophysical's current ratio?
Dawson Geophysical's current ratio was 0.81 at the end of fiscal 2025: current assets were 0.81 times current liabilities.