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Side-by-side financial comparison of DAWSON GEOPHYSICAL CO (DWSN) and Primis Financial Corp. (FRST). Click either name above to swap in a different company.

Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $26.9M, roughly 1.7× DAWSON GEOPHYSICAL CO). Primis Financial Corp. runs the higher net margin — 16.0% vs 2.1%, a 13.9% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% 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.

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

DWSN vs FRST — Head-to-Head

Bigger by revenue
FRST
FRST
1.7× larger
FRST
$45.6M
$26.9M
DWSN
Higher net margin
FRST
FRST
13.9% more per $
FRST
16.0%
2.1%
DWSN
Faster 2-yr revenue CAGR
FRST
FRST
Annualised
FRST
13.0%
5.4%
DWSN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DWSN
DWSN
FRST
FRST
Revenue
$26.9M
$45.6M
Net Profit
$569.0K
$7.3M
Gross Margin
19.7%
Operating Margin
3.1%
Net Margin
2.1%
16.0%
Revenue YoY
72.3%
Net Profit YoY
170.9%
200.0%
EPS (diluted)
$0.03
$0.30

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
FRST
FRST
Q1 26
$45.6M
Q4 25
$26.9M
$80.9M
Q3 25
$22.7M
$41.0M
Q2 25
$9.9M
$43.2M
Q1 25
$16.1M
$58.7M
Q4 24
$15.6M
$38.8M
Q3 24
$37.3M
Q2 24
$12.5M
$35.7M
Net Profit
DWSN
DWSN
FRST
FRST
Q1 26
$7.3M
Q4 25
$569.0K
$29.5M
Q3 25
$-1.2M
$6.8M
Q2 25
$-2.3M
$2.4M
Q1 25
$992.0K
$22.6M
Q4 24
$-802.0K
$-26.2M
Q3 24
$1.2M
Q2 24
$-3.5M
$3.4M
Gross Margin
DWSN
DWSN
FRST
FRST
Q1 26
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%
Operating Margin
DWSN
DWSN
FRST
FRST
Q1 26
Q4 25
3.1%
44.8%
Q3 25
-5.2%
21.3%
Q2 25
-24.1%
6.9%
Q1 25
6.4%
41.9%
Q4 24
-5.3%
-123.0%
Q3 24
-3.1%
Q2 24
-30.1%
7.8%
Net Margin
DWSN
DWSN
FRST
FRST
Q1 26
16.0%
Q4 25
2.1%
36.5%
Q3 25
-5.1%
16.7%
Q2 25
-23.8%
5.6%
Q1 25
6.2%
38.6%
Q4 24
-5.1%
-100.3%
Q3 24
3.3%
Q2 24
-28.3%
9.6%
EPS (diluted)
DWSN
DWSN
FRST
FRST
Q1 26
$0.30
Q4 25
$0.03
$1.19
Q3 25
$-0.04
$0.28
Q2 25
$-0.08
$0.10
Q1 25
$0.03
$0.92
Q4 24
$-0.02
$-0.95
Q3 24
$0.05
Q2 24
$-0.12
$0.14

Balance Sheet & Financial Strength

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

Metric
DWSN
DWSN
FRST
FRST
Cash + ST InvestmentsLiquidity on hand
$5.3M
$159.9M
Total DebtLower is stronger
$11.3M
Stockholders' EquityBook value
$15.8M
$427.2M
Total Assets
$56.0M
$4.3B
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DWSN
DWSN
FRST
FRST
Q1 26
$159.9M
Q4 25
$5.3M
$143.6M
Q3 25
$5.1M
$63.9M
Q2 25
$16.2M
$94.1M
Q1 25
$2.7M
$57.0M
Q4 24
$1.4M
$64.5M
Q3 24
$77.3M
Q2 24
$11.4M
$66.6M
Total Debt
DWSN
DWSN
FRST
FRST
Q1 26
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
Stockholders' Equity
DWSN
DWSN
FRST
FRST
Q1 26
$427.2M
Q4 25
$15.8M
$422.9M
Q3 25
$15.2M
$382.2M
Q2 25
$16.4M
$376.4M
Q1 25
$18.3M
$375.6M
Q4 24
$17.3M
$351.8M
Q3 24
$381.0M
Q2 24
$23.8M
$376.0M
Total Assets
DWSN
DWSN
FRST
FRST
Q1 26
$4.3B
Q4 25
$56.0M
$4.0B
Q3 25
$40.6M
$4.0B
Q2 25
$45.7M
$3.9B
Q1 25
$33.3M
$3.7B
Q4 24
$30.9M
$3.7B
Q3 24
$4.0B
Q2 24
$41.0M
$4.0B
Debt / Equity
DWSN
DWSN
FRST
FRST
Q1 26
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×

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
FRST
FRST
Operating Cash FlowLast quarter
$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
DWSN
DWSN
FRST
FRST
Q1 26
Q4 25
$2.1M
$10.8M
Q3 25
$-4.7M
$-11.4M
Q2 25
$14.9M
$-41.0M
Q1 25
$1.8M
$34.4M
Q4 24
$-5.4M
$19.5M
Q3 24
$6.1M
Q2 24
$5.9M
$52.3M
Free Cash Flow
DWSN
DWSN
FRST
FRST
Q1 26
Q4 25
$9.0M
Q3 25
$-10.2M
Q2 25
Q1 25
Q4 24
$-5.7M
$18.3M
Q3 24
Q2 24
$5.1M
FCF Margin
DWSN
DWSN
FRST
FRST
Q1 26
Q4 25
11.2%
Q3 25
-44.7%
Q2 25
Q1 25
Q4 24
-36.7%
47.3%
Q3 24
Q2 24
40.9%
Capex Intensity
DWSN
DWSN
FRST
FRST
Q1 26
Q4 25
2.1%
Q3 25
23.9%
Q2 25
Q1 25
Q4 24
2.0%
3.1%
Q3 24
0.0%
Q2 24
6.4%
0.0%
Cash Conversion
DWSN
DWSN
FRST
FRST
Q1 26
Q4 25
3.67×
0.36×
Q3 25
-1.67×
Q2 25
-16.82×
Q1 25
1.77×
1.52×
Q4 24
Q3 24
4.93×
Q2 24
15.21×

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%

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

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