Dawson Geophysical Company (DWSN) is a Energy stock trading at $3.39 (as of 2026-09-02), with a market capitalization of $106.21M and a trailing P/E of 29.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Dawson 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.
Dawson Geophysical acquires and processes 2-D and 3-D seismic surveys for onshore oil and gas explorers in the US and Canada, charging a service fee per line plus pass-through costs. Most revenue is fee-based, and the thin margin profile means profitability hinges on keeping crews deployed across a handful of active basins.
Dawson earns a narrow service fee on each seismic survey while the bulk of project costs (fuel, crew wages, transport) flow through as zero-margin reimbursable revenue, so profit is entirely the spread between the fee charged and crew operating costs.
| Fee Revenue | $0.0B |
| Reimbursable Revenue | $0.0B |
Business quality (Mixed): Mixed: the business is cyclical, asset-light on paper but crew-heavy in practice, with thin gross margins and no meaningful pricing power against larger seismic firms.
Valuation: At 10× earnings, DWSN trades 38% below the Petroleum & Natural Gas average (16×). Note: the low multiple may reflect one-time earnings items.
| Price | $3.39 |
| Market Cap | $106.21M |
| P/E Ratio | 29.2 |
| EV / EBITDA | 9.6 |
| Price / Book | 5.30 |
| Price / Sales | 1.02 |
| FCF Yield | 6.7% |
| DCF Value (model) | $0.24 |
| DCF Upside vs Price | -92.9% |
| Revenue (TTM) | $75.63M |
| Net Margin | -2.6% |
| Revenue Growth (YoY) | 81.8% |
| EPS Growth (YoY) | 37.5% |
| FCF Growth (YoY) | -69.8% |
| Altman Z-Score | -0.76 (distress) |
| Stock P/E | 29.2 |
| Sector P/E (Energy) | 16.1 |
| Industry P/E (Petroleum & Natural Gas) | 15.4 |
| vs Sector | 81.7% |
| vs Industry | 89.7% |
| Top Institutional Holder | BlackRock Fund Advisors ($5.49M) |
| Institutional Holders Tracked | 10 |
| Sector | Energy |
| Industry | Petroleum & Natural Gas |
| CEO | Anthony Clark |
| Employees | 233 |
| Country | US |
| IPO Date | 1994-04-05 |
Data as of 2026-09-02.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.