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Side-by-side financial comparison of Assertio Holdings, Inc. (ASRT) and DAWSON GEOPHYSICAL CO (DWSN). Click either name above to swap in a different company.

DAWSON GEOPHYSICAL CO is the larger business by last-quarter revenue ($26.9M vs $13.5M, roughly 2.0× Assertio Holdings, Inc.). On growth, DAWSON GEOPHYSICAL CO posted the faster year-over-year revenue change (72.3% vs -57.9%). Over the past eight quarters, DAWSON GEOPHYSICAL CO's revenue compounded faster (5.4% CAGR vs -35.4%).

Assertio Therapeutics, Inc. is an American specialty pharmaceutical company. It mainly markets products for treatment in neurology, pain and diseases of the central nervous system. Depomed was founded in 1995 and is headquartered in Newark, California. It is a publicly traded company on NASDAQ, with several products approved by the United States Food and Drug Administration (FDA). On August 15, 2018, the company announced its name change from Depomed, Inc., to Assertio Therapeutics, Inc. As o...

Dawson Geophysical Co is a North American geophysical services provider specializing in seismic data acquisition, processing and analysis. It primarily serves the oil and gas exploration and production sector, supporting clients to assess subsurface energy reserves across major onshore resource basins in the U.S. and Canada.

ASRT vs DWSN — Head-to-Head

Bigger by revenue
DWSN
DWSN
2.0× larger
DWSN
$26.9M
$13.5M
ASRT
Growing faster (revenue YoY)
DWSN
DWSN
+130.3% gap
DWSN
72.3%
-57.9%
ASRT
Faster 2-yr revenue CAGR
DWSN
DWSN
Annualised
DWSN
5.4%
-35.4%
ASRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASRT
ASRT
DWSN
DWSN
Revenue
$13.5M
$26.9M
Net Profit
$569.0K
Gross Margin
19.7%
Operating Margin
-86.7%
3.1%
Net Margin
2.1%
Revenue YoY
-57.9%
72.3%
Net Profit YoY
170.9%
EPS (diluted)
$-4.54
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASRT
ASRT
DWSN
DWSN
Q4 25
$13.5M
$26.9M
Q3 25
$49.5M
$22.7M
Q2 25
$29.2M
$9.9M
Q1 25
$26.5M
$16.1M
Q4 24
$32.2M
$15.6M
Q3 24
$29.2M
Q2 24
$31.1M
$12.5M
Q1 24
$32.4M
$31.6M
Net Profit
ASRT
ASRT
DWSN
DWSN
Q4 25
$569.0K
Q3 25
$11.4M
$-1.2M
Q2 25
$-16.4M
$-2.3M
Q1 25
$-13.5M
$992.0K
Q4 24
$-802.0K
Q3 24
$-2.9M
Q2 24
$-3.7M
$-3.5M
Q1 24
$-4.5M
$5.8M
Gross Margin
ASRT
ASRT
DWSN
DWSN
Q4 25
19.7%
Q3 25
10.1%
Q2 25
11.5%
Q1 25
26.7%
Q4 24
19.9%
Q3 24
Q2 24
1.0%
Q1 24
30.5%
Operating Margin
ASRT
ASRT
DWSN
DWSN
Q4 25
-86.7%
3.1%
Q3 25
23.2%
-5.2%
Q2 25
-27.5%
-24.1%
Q1 25
-50.0%
6.4%
Q4 24
-41.9%
-5.3%
Q3 24
-10.4%
Q2 24
-11.6%
-30.1%
Q1 24
-13.4%
18.4%
Net Margin
ASRT
ASRT
DWSN
DWSN
Q4 25
2.1%
Q3 25
23.1%
-5.1%
Q2 25
-56.0%
-23.8%
Q1 25
-51.1%
6.2%
Q4 24
-5.1%
Q3 24
-10.0%
Q2 24
-11.8%
-28.3%
Q1 24
-13.9%
18.5%
EPS (diluted)
ASRT
ASRT
DWSN
DWSN
Q4 25
$-4.54
$0.03
Q3 25
$0.11
$-0.04
Q2 25
$-0.17
$-0.08
Q1 25
$-0.14
$0.03
Q4 24
$-3.28
$-0.02
Q3 24
$-0.03
Q2 24
$-0.04
$-0.12
Q1 24
$-0.05
$0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASRT
ASRT
DWSN
DWSN
Cash + ST InvestmentsLiquidity on hand
$63.4M
$5.3M
Total DebtLower is stronger
$11.3M
Stockholders' EquityBook value
$94.0M
$15.8M
Total Assets
$267.0M
$56.0M
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASRT
ASRT
DWSN
DWSN
Q4 25
$63.4M
$5.3M
Q3 25
$93.4M
$5.1M
Q2 25
$98.2M
$16.2M
Q1 25
$87.3M
$2.7M
Q4 24
$100.1M
$1.4M
Q3 24
$88.6M
Q2 24
$88.4M
$11.4M
Q1 24
$80.7M
$11.7M
Total Debt
ASRT
ASRT
DWSN
DWSN
Q4 25
$11.3M
Q3 25
$6.5M
Q2 25
$1.1M
Q1 25
$1.3M
Q4 24
$1.5M
Q3 24
Q2 24
$1.4M
Q1 24
$38.6M
$1.5M
Stockholders' Equity
ASRT
ASRT
DWSN
DWSN
Q4 25
$94.0M
$15.8M
Q3 25
$105.8M
$15.2M
Q2 25
$93.3M
$16.4M
Q1 25
$108.5M
$18.3M
Q4 24
$121.1M
$17.3M
Q3 24
$130.5M
Q2 24
$132.2M
$23.8M
Q1 24
$134.5M
$27.3M
Total Assets
ASRT
ASRT
DWSN
DWSN
Q4 25
$267.0M
$56.0M
Q3 25
$319.8M
$40.6M
Q2 25
$273.8M
$45.7M
Q1 25
$286.4M
$33.3M
Q4 24
$284.7M
$30.9M
Q3 24
$276.0M
Q2 24
$279.4M
$41.0M
Q1 24
$282.0M
$57.8M
Debt / Equity
ASRT
ASRT
DWSN
DWSN
Q4 25
0.72×
Q3 25
0.43×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.09×
Q3 24
Q2 24
0.06×
Q1 24
0.29×
0.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASRT
ASRT
DWSN
DWSN
Operating Cash FlowLast quarter
$-30.0M
$2.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASRT
ASRT
DWSN
DWSN
Q4 25
$-30.0M
$2.1M
Q3 25
$-4.8M
$-4.7M
Q2 25
$19.1M
$14.9M
Q1 25
$-12.5M
$1.8M
Q4 24
$11.5M
$-5.4M
Q3 24
$-35.0K
Q2 24
$7.4M
$5.9M
Q1 24
$7.5M
$1.9M
Free Cash Flow
ASRT
ASRT
DWSN
DWSN
Q4 25
Q3 25
$-10.2M
Q2 25
Q1 25
Q4 24
$-5.7M
Q3 24
Q2 24
$5.1M
Q1 24
$1.2M
FCF Margin
ASRT
ASRT
DWSN
DWSN
Q4 25
Q3 25
-44.7%
Q2 25
Q1 25
Q4 24
-36.7%
Q3 24
Q2 24
40.9%
Q1 24
3.8%
Capex Intensity
ASRT
ASRT
DWSN
DWSN
Q4 25
Q3 25
23.9%
Q2 25
Q1 25
Q4 24
2.0%
Q3 24
0.0%
Q2 24
6.4%
Q1 24
2.2%
Cash Conversion
ASRT
ASRT
DWSN
DWSN
Q4 25
3.67×
Q3 25
-0.42×
Q2 25
Q1 25
1.77×
Q4 24
Q3 24
Q2 24
Q1 24
0.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASRT
ASRT

Products$12.8M95%
Other$719.0K5%

DWSN
DWSN

Fee Revenue$22.9M85%
Other$4.0M15%

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