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Side-by-side financial comparison of DAWSON GEOPHYSICAL CO (DWSN) and FIRST CAPITAL INC (FCAP). 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× FIRST CAPITAL INC). FIRST CAPITAL INC runs the higher net margin — 36.2% vs 2.1%, a 34.1% gap on every dollar of revenue. On growth, DAWSON GEOPHYSICAL CO posted the faster year-over-year revenue change (72.3% vs 19.0%). Over the past eight quarters, FIRST CAPITAL INC's revenue compounded faster (13.4% CAGR vs 5.4%).

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.

Capital First Ltd, formerly known as Future Capital Holdings, was an Indian non-bank financial institution which provided debt financing. In December 2018, it was merged into IDFC Bank to form IDFC First Bank. The company was listed on the NSE and BSE prior to the merger.

DWSN vs FCAP — Head-to-Head

Bigger by revenue
DWSN
DWSN
2.0× larger
DWSN
$26.9M
$13.5M
FCAP
Growing faster (revenue YoY)
DWSN
DWSN
+53.4% gap
DWSN
72.3%
19.0%
FCAP
Higher net margin
FCAP
FCAP
34.1% more per $
FCAP
36.2%
2.1%
DWSN
Faster 2-yr revenue CAGR
FCAP
FCAP
Annualised
FCAP
13.4%
5.4%
DWSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DWSN
DWSN
FCAP
FCAP
Revenue
$26.9M
$13.5M
Net Profit
$569.0K
$4.9M
Gross Margin
19.7%
Operating Margin
3.1%
Net Margin
2.1%
36.2%
Revenue YoY
72.3%
19.0%
Net Profit YoY
170.9%
49.6%
EPS (diluted)
$0.03
$1.45

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
DWSN
DWSN
FCAP
FCAP
Q4 25
$26.9M
$13.5M
Q3 25
$22.7M
$13.3M
Q2 25
$9.9M
$12.4M
Q1 25
$16.1M
$11.4M
Q4 24
$15.6M
$11.3M
Q3 24
$10.9M
Q2 24
$12.5M
$10.7M
Q1 24
$31.6M
$10.5M
Net Profit
DWSN
DWSN
FCAP
FCAP
Q4 25
$569.0K
$4.9M
Q3 25
$-1.2M
$4.5M
Q2 25
$-2.3M
$3.8M
Q1 25
$992.0K
$3.2M
Q4 24
$-802.0K
$3.3M
Q3 24
$2.9M
Q2 24
$-3.5M
$2.8M
Q1 24
$5.8M
$3.0M
Gross Margin
DWSN
DWSN
FCAP
FCAP
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
DWSN
DWSN
FCAP
FCAP
Q4 25
3.1%
Q3 25
-5.2%
41.8%
Q2 25
-24.1%
37.2%
Q1 25
6.4%
34.2%
Q4 24
-5.3%
34.8%
Q3 24
31.5%
Q2 24
-30.1%
31.1%
Q1 24
18.4%
33.0%
Net Margin
DWSN
DWSN
FCAP
FCAP
Q4 25
2.1%
36.2%
Q3 25
-5.1%
33.8%
Q2 25
-23.8%
30.4%
Q1 25
6.2%
28.3%
Q4 24
-5.1%
28.8%
Q3 24
26.5%
Q2 24
-28.3%
26.5%
Q1 24
18.5%
28.1%
EPS (diluted)
DWSN
DWSN
FCAP
FCAP
Q4 25
$0.03
$1.45
Q3 25
$-0.04
$1.34
Q2 25
$-0.08
$1.13
Q1 25
$0.03
$0.97
Q4 24
$-0.02
$0.97
Q3 24
$0.87
Q2 24
$-0.12
$0.85
Q1 24
$0.19
$0.88

Balance Sheet & Financial Strength

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

Metric
DWSN
DWSN
FCAP
FCAP
Cash + ST InvestmentsLiquidity on hand
$5.3M
Total DebtLower is stronger
$11.3M
Stockholders' EquityBook value
$15.8M
$137.8M
Total Assets
$56.0M
$1.3B
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DWSN
DWSN
FCAP
FCAP
Q4 25
$5.3M
Q3 25
$5.1M
Q2 25
$16.2M
Q1 25
$2.7M
Q4 24
$1.4M
Q3 24
Q2 24
$11.4M
Q1 24
$11.7M
Total Debt
DWSN
DWSN
FCAP
FCAP
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
$1.5M
Stockholders' Equity
DWSN
DWSN
FCAP
FCAP
Q4 25
$15.8M
$137.8M
Q3 25
$15.2M
$132.4M
Q2 25
$16.4M
$123.2M
Q1 25
$18.3M
$120.1M
Q4 24
$17.3M
$114.6M
Q3 24
$116.8M
Q2 24
$23.8M
$107.8M
Q1 24
$27.3M
$105.7M
Total Assets
DWSN
DWSN
FCAP
FCAP
Q4 25
$56.0M
$1.3B
Q3 25
$40.6M
$1.2B
Q2 25
$45.7M
$1.2B
Q1 25
$33.3M
$1.2B
Q4 24
$30.9M
$1.2B
Q3 24
$1.2B
Q2 24
$41.0M
$1.2B
Q1 24
$57.8M
$1.2B
Debt / Equity
DWSN
DWSN
FCAP
FCAP
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
0.06×

Cash Flow & Capital Efficiency

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

Metric
DWSN
DWSN
FCAP
FCAP
Operating Cash FlowLast quarter
$2.1M
$21.3M
Free Cash FlowOCF − Capex
$19.9M
FCF MarginFCF / Revenue
147.7%
Capex IntensityCapex / Revenue
10.0%
Cash ConversionOCF / Net Profit
3.67×
4.36×
TTM Free Cash FlowTrailing 4 quarters
$35.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DWSN
DWSN
FCAP
FCAP
Q4 25
$2.1M
$21.3M
Q3 25
$-4.7M
$7.9M
Q2 25
$14.9M
$3.7M
Q1 25
$1.8M
$4.4M
Q4 24
$-5.4M
$22.3M
Q3 24
$7.6M
Q2 24
$5.9M
$3.5M
Q1 24
$1.9M
$7.2M
Free Cash Flow
DWSN
DWSN
FCAP
FCAP
Q4 25
$19.9M
Q3 25
$-10.2M
$7.8M
Q2 25
$3.5M
Q1 25
$4.2M
Q4 24
$-5.7M
$21.6M
Q3 24
$7.5M
Q2 24
$5.1M
$3.3M
Q1 24
$1.2M
$7.1M
FCF Margin
DWSN
DWSN
FCAP
FCAP
Q4 25
147.7%
Q3 25
-44.7%
58.6%
Q2 25
27.8%
Q1 25
36.5%
Q4 24
-36.7%
190.7%
Q3 24
68.6%
Q2 24
40.9%
31.2%
Q1 24
3.8%
67.2%
Capex Intensity
DWSN
DWSN
FCAP
FCAP
Q4 25
10.0%
Q3 25
23.9%
1.2%
Q2 25
2.2%
Q1 25
1.9%
Q4 24
2.0%
6.3%
Q3 24
0.8%
Q2 24
6.4%
1.4%
Q1 24
2.2%
1.5%
Cash Conversion
DWSN
DWSN
FCAP
FCAP
Q4 25
3.67×
4.36×
Q3 25
1.77×
Q2 25
0.99×
Q1 25
1.77×
1.36×
Q4 24
6.84×
Q3 24
2.62×
Q2 24
1.23×
Q1 24
0.32×
2.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DWSN
DWSN

Fee Revenue$22.9M85%
Other$4.0M15%

FCAP
FCAP

Segment breakdown not available.

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