Dawson Geophysical's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Dawson Geophysical (DWSN) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Dawson Geophysical vs Its Competitors
- TTM: Trailing 12-month revenue of 104M vs 74,548M combined for its competitors (0.1% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-31.3% annualized vs trailing 12 months), vs holding steady (-0.9%) for its tracked peer group.
- Growth: Dawson Geophysical generated 81.8% revenue growth year over year in Q2 2026, vs -25.7% for its competitors combined.
- Profitability: Its -19.2% net margin compares with 7.8% for the peer group.
- Scale: Dawson Geophysical ranks #93 of 133 companies by market capitalization in the Oil And Gas Production industry, holding 0.0% of industry market cap.
- Peer revenue share: Dawson Geophysical accounted for 0.1% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.39M compares with $0.40M for the peer group (1.0x).
- Structure: Dawson Geophysical operates in the following segments: United States Operations Segment, Canada Operations Segment.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
DWSN Sales vs. its Competitors, Q2 2026
Dawson Geophysical reported revenue growth of 81.83 % year on year in Q2 2026, above its competitors' combined revenue change of -25.71 %.
With a net margin of -19.21 %, Dawson Geophysical reported lower profitability than its competitors (7.84 %).
Dawson Geophysical generated 0.10 % of the combined sales of its peer group, up from 0.04 % a year earlier.
API endpoints for this dataset
Dawson Geophysical vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Dawson Geophysical reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Dawson Geophysical and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Dawson Geophysical Company | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Dawson Geophysical's competitor groups requires a Commercial License.
For context: the Oil And Gas Production industry grew revenue 3.2% year over year, combined, vs 81.8% for Dawson Geophysical. Dawson Geophysical's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Dawson Geophysical's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Dawson Geophysical Company | Yes | Yes | Yes | No |
| Competitors combined (10) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 62.50 % (5 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
DWSN Stock Performance relative to its Competitors
DWSN Stock Performance relative to High-Confidence Competitors
DWSN Stock Performance relative to Similar-Size Competitors
DWSN Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Oceaneering International Inc | 282.9% | Outperformed |
| 2 | Noble Corporation Plc | 282.9% | Outperformed |
| 3 | Slb Limited | 282.9% | Outperformed |
| 4 | Weatherford International Plc | 282.9% | Outperformed |
| 5 | Halliburton Company | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Dawson Geophysical's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Dawson Geophysical's Comment on Competition and Industry Peers
Publicly Traded Peers of Dawson Geophysical Company
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Dawson Geophysical Company |
49.68 | 104.31 |
 Slb Limited |
75,418.86 | 36,886.00 |
 Halliburton Company |
26,524.16 | 22,476.00 |
 Noble Corporation Plc |
6,564.73 | 2,998.55 |
 Weatherford International Plc |
6,173.10 | 4,731.00 |
 Oceaneering International Inc |
3,513.05 | 2,913.74 |
| SUBTOTAL | 122,188.38 | 103,660.56 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Dawson Geophysical Company versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Dawson Geophysical's Competitors Named by the Company
Competitive relationships identified from Dawson Geophysical reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Echo Seismic Ltd. | Company report | 85% |
| Paragon Geophysical Services, Inc. | Company report | 85% |
| SAExploration Holdings, Inc. | Company report | 85% |
| Breckenridge Geophysical Inc. | Company report | 85% |
| Core Laboratories Inc | Company report | 85% |
| Rpc inc | Company report | 85% |
| Slb Limited | Company report | 85% |
| Halliburton Company | Company report | 85% |
| Baker Hughes Company | Company report | 85% |
| Weatherford International Plc | Company report | 85% |
| Noble Corporation Plc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Dawson Geophysical's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Dawson Geophysical's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Dawson Geophysical Company | United States Operations Segment 95.34 % |
| Slb Limited | Production Systems 42.33 % |
| Halliburton Company | Completion and Production 54.16 % |
| Weatherford International Plc | Well Construction And Completion 38.69 % |
| Oceaneering International Inc | Subsea Robotics 29.70 % |
| Expro Group Holdings N v | NLA 34.87 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Dawson Geophysical's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Dawson Geophysical Company | 50 | 387,758 | 13,520 |
| Slb Limited | 75,419 | 338,404 | 28,541 |
| Halliburton Company | 26,524 | 468,250 | 41,750 |
| Noble Corporation Plc | 6,565 | 666,345 | 11,923 |
| Weatherford International Plc | 6,173 | 283,293 | 24,551 |
| Oceaneering International Inc | 3,513 | 262,499 | 29,726 |
| PEERS TOTAL | 122,139 | 396,171 | 33,494 |
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Dawson Geophysical's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Slb Limited | Middle East 29.71 % |
| Halliburton Company | North America 37.87 % |
| Weatherford International Plc | Non-US 77.99 % |
| Oceaneering International Inc | UNITED STATES 41.97 % |
| Rpc inc | US 97.83 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Dawson Geophysical's Position in Industry Market Structure
Market-capitalization share and concentration across all 112 companies in Dawson Geophysical's industry classification, broader than the peer set above. Market cap in millions of $.Dawson Geophysical ranks #93 of 112 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 786, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Shell Plc | 296,872 | 18.56 % |
| 2 | Totalenergies Se | 210,996 | 13.19 % |
| 3 | Petrobras Petroleo Brasileiro Sa | 136,565 | 8.54 % |
| 4 | Canadian Natural Resources Limited | 105,894 | 6.62 % |
| 5 | Eni Spa | 1,234 | 5.2% |
| 6 | Eog Resources Inc | 1,234 | 5.2% |
| 7 | Slb Limited | 1,234 | 5.2% |
| 8 | Occidental Petroleum Corporation | 1,234 | 5.2% |
| 9 | Diamondback Energy Inc | 1,234 | 5.2% |
| 10 | Cenovus Energy Inc | 1,234 | 5.2% |
| 93 | Dawson Geophysical Company | 50 | 0.00 % |
Market cap and industry share for the rest of Dawson Geophysical's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-09.
Dawson Geophysical's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 88 | Evolution Petroleum Corp | 121 | -20.53 % |
| 89 | Blue Dolphin Energy Co | 115 | 437.09 % |
| 90 | Empire Petroleum Corporation | 101 | -17.25 % |
| 91 | Aleanna Inc | 83 | -38.75 % |
| 92 | North European Oil Royalty Trust | 1,234 | 12.3% |
| 93 | Dawson Geophysical Company | 50 | -25.00 % |
| 94 | Laredo Oil Inc | 1,234 | 12.3% |
| 95 | Abundia Global Impact Group Inc | 1,234 | 12.3% |
| 96 | Indonesia Energy Corporation Limited | 1,234 | 12.3% |
| 97 | Spindletop Oil and Gas Co | 1,234 | 12.3% |
| 98 | Battalion Oil Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Dawson Geophysical's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-09. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Dawson Geophysical's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil And Gas Production industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (246 companies). See the full Oil And Gas Production industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 22.31 % | 26.14 % (avg) | -3.8 pp |
| Operating Margin | 4.59 % | industry median | -6.5 pp |
| EBITDA Margin | 10.83 % | 18.57 % (avg) | -7.7 pp |
| Capital Intensity (Capex / Revenue) | 7.48 % | 27.52 % (avg) | -20.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Dawson Geophysical's Valuation vs Competitive Position
Valuation multiples vs the Oil And Gas Production industry average (246 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Oil And Gas Production industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 31.9x | 16.3x | +15.6x |
| EV / EBITDA | 11.3x | 9.1x | +2.2x |
| P/B | 6.3x | 1.9x | +4.4x |
| Return on Equity | 19.56 % | industry aggregate | 7.49 % |
| Return on Invested Capital | 9.14 % | 0.95 % (avg) | 8.19 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Dawson Geophysical's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 17.79 % | -2.09 % | -5.44 % | -40.94 % | -71.32 % | 158.39 % | -23.43 % | 1.98 % |
| Operating Margin | -23.78 % | -16.23 % | -11.14 % | -16.25 % | -118.36 % | -13.76 % | -6.13 % | -2.20 % |
| Return on Invested Capital | -12.39 % | -9.41 % | -7.17 % | -6.72 % | -18.72 % | -19.85 % | -9.74 % | -4.12 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Dawson Geophysical's Strategic Group Map
Dawson Geophysical is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Dawson Geophysical's trailing-12-month revenue growth of 86.3% and operating margin of 4.6% compares with an average of 82.5% growth and 18.1% margin across its 8 closest peers by combined growth, margin and ROIC -- Dawson Geophysical sits above that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Dawson Geophysical's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Dawson Geophysical falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue -2.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Dawson Geophysical's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 786 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 7.48 % vs industry average 27.52 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Dawson Geophysical's dedicated Suppliers and Customers pages, not here.
Dawson Geophysical's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Dawson Geophysical falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Dawson Geophysical's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 7.5 points above the industry aggregate.
Weaknesses
- Operating margin 6.5 points below the industry median.
- Latest-quarter revenue run-rate is decelerating (-31.3% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Dawson Geophysical's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Dawson Geophysical Company | 0.18 | 0.88 | 0.79 |
| Slb Limited | 0.19 | 1.37 | 0.38 |
| Halliburton Company | 0.35 | 2.04 | 0.66 |
| Noble Corporation Plc | 0.69 | 1.83 | 0.43 |
| Weatherford International Plc | 0.71 | 2.21 | 0.82 |
| Oceaneering International Inc | 0.48 | 2.11 | 0.43 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Dawson Geophysical's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Dawson Geophysical Company | Q2 2026 | +81.8 % | - |
| Slb Limited | Q3 2026 | +5.8 % | -5.0 % |
| Halliburton Company | Q3 2026 | +1.8 % | +1,985.0 % |
| Noble Corporation Plc | Q3 2026 | -8.7 % | - |
| Weatherford International Plc | Q3 2026 | -5.6 % | +37.9 % |
| Oceaneering International Inc | Q3 2026 | +5.6 % | -26.2 % |
| PEERS TOTAL | +6.8 % | -6.2 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Dawson Geophysical's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Dawson Geophysical Company | Q2 2026 | +75.6 % | -67.9 % |
| Slb Limited | Q3 2026 | +93.4 % | +15.0 % |
| Halliburton Company | Q3 2026 | - | +1.9 % |
| Noble Corporation Plc | Q3 2026 | -70.1 % | +39.5 % |
| Weatherford International Plc | Q3 2026 | +39.8 % | +2.3 % |
| Oceaneering International Inc | Q3 2026 | +4.9 % | -12.8 % |
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Dawson Geophysical's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Dawson Geophysical Company | 6.73% | 10.78% | 19.56% |
| Slb Limited | 5.63% | 7.16% | 11.40% |
| Halliburton Company | 7.85% | 9.85% | 18.41% |
| Noble Corporation Plc | 0.73% | 0.81% | 1.20% |
| Weatherford International Plc | 7.92% | 10.76% | 22.66% |
| Oceaneering International Inc | 12.25% | 16.20% | 28.79% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Dawson Geophysical's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Dawson Geophysical Company | 13.53 | 0.48 |
| Slb Limited | 24.22 | 2.04 |
| Halliburton Company | 13.39 | 1.18 |
| Noble Corporation Plc | 124.61 | 2.19 |
| Weatherford International Plc | 15.69 | 1.30 |
| Oceaneering International Inc | 10.63 | 1.21 |
| PEERS AVERAGE | 13.95 | 1.18 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.