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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) 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 $18.9M, roughly 1.4× Bluerock Homes Trust, Inc.). DAWSON GEOPHYSICAL CO runs the higher net margin — 2.1% vs -50.1%, a 52.3% gap on every dollar of revenue. On growth, DAWSON GEOPHYSICAL CO posted the faster year-over-year revenue change (72.3% vs 35.9%). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% CAGR vs 5.4%).

Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.

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.

BHM vs DWSN — Head-to-Head

Bigger by revenue
DWSN
DWSN
1.4× larger
DWSN
$26.9M
$18.9M
BHM
Growing faster (revenue YoY)
DWSN
DWSN
+36.4% gap
DWSN
72.3%
35.9%
BHM
Higher net margin
DWSN
DWSN
52.3% more per $
DWSN
2.1%
-50.1%
BHM
Faster 2-yr revenue CAGR
BHM
BHM
Annualised
BHM
30.1%
5.4%
DWSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHM
BHM
DWSN
DWSN
Revenue
$18.9M
$26.9M
Net Profit
$-9.5M
$569.0K
Gross Margin
19.7%
Operating Margin
-48.8%
3.1%
Net Margin
-50.1%
2.1%
Revenue YoY
35.9%
72.3%
Net Profit YoY
-29.9%
170.9%
EPS (diluted)
$-0.75
$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
BHM
BHM
DWSN
DWSN
Q4 25
$18.9M
$26.9M
Q3 25
$16.6M
$22.7M
Q2 25
$16.8M
$9.9M
Q1 25
$16.4M
$16.1M
Q4 24
$13.9M
$15.6M
Q3 24
$12.7M
Q2 24
$12.5M
$12.5M
Q1 24
$11.2M
$31.6M
Net Profit
BHM
BHM
DWSN
DWSN
Q4 25
$-9.5M
$569.0K
Q3 25
$-10.0M
$-1.2M
Q2 25
$-5.8M
$-2.3M
Q1 25
$-7.3M
$992.0K
Q4 24
$-7.3M
$-802.0K
Q3 24
$3.5M
Q2 24
$-5.2M
$-3.5M
Q1 24
$-3.2M
$5.8M
Gross Margin
BHM
BHM
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
BHM
BHM
DWSN
DWSN
Q4 25
-48.8%
3.1%
Q3 25
-57.6%
-5.2%
Q2 25
-30.9%
-24.1%
Q1 25
-42.6%
6.4%
Q4 24
-52.8%
-5.3%
Q3 24
27.9%
Q2 24
-41.3%
-30.1%
Q1 24
-28.4%
18.4%
Net Margin
BHM
BHM
DWSN
DWSN
Q4 25
-50.1%
2.1%
Q3 25
-60.0%
-5.1%
Q2 25
-34.7%
-23.8%
Q1 25
-44.7%
6.2%
Q4 24
-52.8%
-5.1%
Q3 24
27.9%
Q2 24
-41.3%
-28.3%
Q1 24
-28.4%
18.5%
EPS (diluted)
BHM
BHM
DWSN
DWSN
Q4 25
$-0.75
$0.03
Q3 25
$-0.94
$-0.04
Q2 25
$-0.66
$-0.08
Q1 25
$-0.67
$0.03
Q4 24
$-0.65
$-0.02
Q3 24
$0.24
Q2 24
$-0.42
$-0.12
Q1 24
$-0.27
$0.19

Balance Sheet & Financial Strength

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

Metric
BHM
BHM
DWSN
DWSN
Cash + ST InvestmentsLiquidity on hand
$169.6M
$5.3M
Total DebtLower is stronger
$428.4M
$11.3M
Stockholders' EquityBook value
$128.7M
$15.8M
Total Assets
$1.2B
$56.0M
Debt / EquityLower = less leverage
3.33×
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHM
BHM
DWSN
DWSN
Q4 25
$169.6M
$5.3M
Q3 25
$2.1M
$5.1M
Q2 25
$4.2M
$16.2M
Q1 25
$3.0M
$2.7M
Q4 24
$115.2M
$1.4M
Q3 24
$155.1M
Q2 24
$116.0M
$11.4M
Q1 24
$92.3M
$11.7M
Total Debt
BHM
BHM
DWSN
DWSN
Q4 25
$428.4M
$11.3M
Q3 25
$415.9M
$6.5M
Q2 25
$338.6M
$1.1M
Q1 25
$336.5M
$1.3M
Q4 24
$373.8M
$1.5M
Q3 24
$122.5M
Q2 24
$119.7M
$1.4M
Q1 24
$120.2M
$1.5M
Stockholders' Equity
BHM
BHM
DWSN
DWSN
Q4 25
$128.7M
$15.8M
Q3 25
$131.7M
$15.2M
Q2 25
$135.3M
$16.4M
Q1 25
$137.1M
$18.3M
Q4 24
$139.1M
$17.3M
Q3 24
$142.9M
Q2 24
$142.5M
$23.8M
Q1 24
$144.5M
$27.3M
Total Assets
BHM
BHM
DWSN
DWSN
Q4 25
$1.2B
$56.0M
Q3 25
$222.1M
$40.6M
Q2 25
$220.3M
$45.7M
Q1 25
$186.2M
$33.3M
Q4 24
$967.0M
$30.9M
Q3 24
$800.8M
Q2 24
$756.2M
$41.0M
Q1 24
$727.4M
$57.8M
Debt / Equity
BHM
BHM
DWSN
DWSN
Q4 25
3.33×
0.72×
Q3 25
3.16×
0.43×
Q2 25
2.50×
0.07×
Q1 25
2.45×
0.07×
Q4 24
2.69×
0.09×
Q3 24
0.86×
Q2 24
0.84×
0.06×
Q1 24
0.83×
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
BHM
BHM
DWSN
DWSN
Operating Cash FlowLast quarter
$27.8M
$2.1M
Free Cash FlowOCF − Capex
$10.4M
FCF MarginFCF / Revenue
55.0%
Capex IntensityCapex / Revenue
91.8%
Cash ConversionOCF / Net Profit
3.67×
TTM Free Cash FlowTrailing 4 quarters
$25.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHM
BHM
DWSN
DWSN
Q4 25
$27.8M
$2.1M
Q3 25
$13.4M
$-4.7M
Q2 25
$13.9M
$14.9M
Q1 25
$951.0K
$1.8M
Q4 24
$9.1M
$-5.4M
Q3 24
$1.7M
Q2 24
$1.3M
$5.9M
Q1 24
$1.1M
$1.9M
Free Cash Flow
BHM
BHM
DWSN
DWSN
Q4 25
$10.4M
Q3 25
$8.7M
$-10.2M
Q2 25
$8.8M
Q1 25
$-2.9M
Q4 24
$-253.0K
$-5.7M
Q3 24
$-601.0K
Q2 24
$-654.0K
$5.1M
Q1 24
$-630.0K
$1.2M
FCF Margin
BHM
BHM
DWSN
DWSN
Q4 25
55.0%
Q3 25
52.4%
-44.7%
Q2 25
52.2%
Q1 25
-17.6%
Q4 24
-1.8%
-36.7%
Q3 24
-4.7%
Q2 24
-5.2%
40.9%
Q1 24
-5.6%
3.8%
Capex Intensity
BHM
BHM
DWSN
DWSN
Q4 25
91.8%
Q3 25
28.5%
23.9%
Q2 25
30.3%
Q1 25
23.4%
Q4 24
66.9%
2.0%
Q3 24
18.0%
Q2 24
15.3%
6.4%
Q1 24
15.5%
2.2%
Cash Conversion
BHM
BHM
DWSN
DWSN
Q4 25
3.67×
Q3 25
Q2 25
Q1 25
1.77×
Q4 24
Q3 24
0.47×
Q2 24
Q1 24
0.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHM
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

DWSN
DWSN

Fee Revenue$22.9M85%
Other$4.0M15%

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