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Side-by-side financial comparison of DAWSON GEOPHYSICAL CO (DWSN) and INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC). Click either name above to swap in a different company.

DAWSON GEOPHYSICAL CO is the larger business by last-quarter revenue ($26.9M vs $21.8M, roughly 1.2× INNOVATIVE SOLUTIONS & SUPPORT INC). INNOVATIVE SOLUTIONS & SUPPORT INC runs the higher net margin — 18.6% vs 2.1%, a 16.5% gap on every dollar of revenue. On growth, DAWSON GEOPHYSICAL CO posted the faster year-over-year revenue change (72.3% vs 36.6%). Over the past eight quarters, INNOVATIVE SOLUTIONS & SUPPORT INC's revenue compounded faster (42.5% 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.

Motorola Solutions, Inc., is an American technology company that provides safety and security products and services. Headquartered in Chicago, Illinois, the company provides critical communications, video security, and command center technologies, used by public safety agencies and enterprises. It was formed in 2011 by the division of Motorola, Inc., and is its legal successor; the former company's mobile phone division was spun off as Motorola Mobility, now part of Chinese technology company...

DWSN vs ISSC — Head-to-Head

Bigger by revenue
DWSN
DWSN
1.2× larger
DWSN
$26.9M
$21.8M
ISSC
Growing faster (revenue YoY)
DWSN
DWSN
+35.8% gap
DWSN
72.3%
36.6%
ISSC
Higher net margin
ISSC
ISSC
16.5% more per $
ISSC
18.6%
2.1%
DWSN
Faster 2-yr revenue CAGR
ISSC
ISSC
Annualised
ISSC
42.5%
5.4%
DWSN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DWSN
DWSN
ISSC
ISSC
Revenue
$26.9M
$21.8M
Net Profit
$569.0K
$4.1M
Gross Margin
19.7%
54.5%
Operating Margin
3.1%
28.9%
Net Margin
2.1%
18.6%
Revenue YoY
72.3%
36.6%
Net Profit YoY
170.9%
451.4%
EPS (diluted)
$0.03
$0.22

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
ISSC
ISSC
Q4 25
$26.9M
$21.8M
Q3 25
$22.7M
$22.2M
Q2 25
$9.9M
$24.1M
Q1 25
$16.1M
$21.9M
Q4 24
$15.6M
$16.0M
Q3 24
$15.4M
Q2 24
$12.5M
$11.8M
Q1 24
$31.6M
$10.7M
Net Profit
DWSN
DWSN
ISSC
ISSC
Q4 25
$569.0K
$4.1M
Q3 25
$-1.2M
$7.1M
Q2 25
$-2.3M
$2.4M
Q1 25
$992.0K
$5.3M
Q4 24
$-802.0K
$736.2K
Q3 24
$3.2M
Q2 24
$-3.5M
$1.6M
Q1 24
$5.8M
$1.2M
Gross Margin
DWSN
DWSN
ISSC
ISSC
Q4 25
19.7%
54.5%
Q3 25
10.1%
63.2%
Q2 25
11.5%
35.5%
Q1 25
26.7%
51.4%
Q4 24
19.9%
41.4%
Q3 24
55.4%
Q2 24
1.0%
53.4%
Q1 24
30.5%
52.0%
Operating Margin
DWSN
DWSN
ISSC
ISSC
Q4 25
3.1%
28.9%
Q3 25
-5.2%
37.0%
Q2 25
-24.1%
14.6%
Q1 25
6.4%
31.8%
Q4 24
-5.3%
8.4%
Q3 24
28.4%
Q2 24
-30.1%
17.3%
Q1 24
18.4%
15.3%
Net Margin
DWSN
DWSN
ISSC
ISSC
Q4 25
2.1%
18.6%
Q3 25
-5.1%
32.0%
Q2 25
-23.8%
10.1%
Q1 25
6.2%
24.3%
Q4 24
-5.1%
4.6%
Q3 24
20.7%
Q2 24
-28.3%
13.2%
Q1 24
18.5%
11.3%
EPS (diluted)
DWSN
DWSN
ISSC
ISSC
Q4 25
$0.03
$0.22
Q3 25
$-0.04
$0.40
Q2 25
$-0.08
$0.14
Q1 25
$0.03
$0.30
Q4 24
$-0.02
$0.04
Q3 24
$0.18
Q2 24
$-0.12
$0.09
Q1 24
$0.19
$0.07

Balance Sheet & Financial Strength

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

Metric
DWSN
DWSN
ISSC
ISSC
Cash + ST InvestmentsLiquidity on hand
$5.3M
$8.3M
Total DebtLower is stronger
$11.3M
$23.8M
Stockholders' EquityBook value
$15.8M
$68.7M
Total Assets
$56.0M
$109.9M
Debt / EquityLower = less leverage
0.72×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DWSN
DWSN
ISSC
ISSC
Q4 25
$5.3M
$8.3M
Q3 25
$5.1M
$2.7M
Q2 25
$16.2M
$601.8K
Q1 25
$2.7M
$1.2M
Q4 24
$1.4M
$604.6K
Q3 24
$539.0K
Q2 24
$11.4M
$521.0K
Q1 24
$11.7M
$574.1K
Total Debt
DWSN
DWSN
ISSC
ISSC
Q4 25
$11.3M
$23.8M
Q3 25
$6.5M
$24.4M
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
ISSC
ISSC
Q4 25
$15.8M
$68.7M
Q3 25
$15.2M
$64.6M
Q2 25
$16.4M
$56.8M
Q1 25
$18.3M
$53.5M
Q4 24
$17.3M
$47.8M
Q3 24
$46.6M
Q2 24
$23.8M
$43.2M
Q1 24
$27.3M
$41.4M
Total Assets
DWSN
DWSN
ISSC
ISSC
Q4 25
$56.0M
$109.9M
Q3 25
$40.6M
$103.4M
Q2 25
$45.7M
$91.8M
Q1 25
$33.3M
$89.9M
Q4 24
$30.9M
$81.3M
Q3 24
$82.4M
Q2 24
$41.0M
$59.8M
Q1 24
$57.8M
$57.6M
Debt / Equity
DWSN
DWSN
ISSC
ISSC
Q4 25
0.72×
0.35×
Q3 25
0.43×
0.38×
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
ISSC
ISSC
Operating Cash FlowLast quarter
$2.1M
$8.2M
Free Cash FlowOCF − Capex
$7.0M
FCF MarginFCF / Revenue
32.3%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
3.67×
2.01×
TTM Free Cash FlowTrailing 4 quarters
$12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DWSN
DWSN
ISSC
ISSC
Q4 25
$2.1M
$8.2M
Q3 25
$-4.7M
$3.0M
Q2 25
$14.9M
$7.2M
Q1 25
$1.8M
$1.3M
Q4 24
$-5.4M
$1.8M
Q3 24
$445.3K
Q2 24
$5.9M
$934.1K
Q1 24
$1.9M
$201.1K
Free Cash Flow
DWSN
DWSN
ISSC
ISSC
Q4 25
$7.0M
Q3 25
$-10.2M
$2.0M
Q2 25
$3.5M
Q1 25
$-267.7K
Q4 24
$-5.7M
$1.6M
Q3 24
$299.5K
Q2 24
$5.1M
$730.8K
Q1 24
$1.2M
$75.4K
FCF Margin
DWSN
DWSN
ISSC
ISSC
Q4 25
32.3%
Q3 25
-44.7%
8.8%
Q2 25
14.6%
Q1 25
-1.2%
Q4 24
-36.7%
9.9%
Q3 24
1.9%
Q2 24
40.9%
6.2%
Q1 24
3.8%
0.7%
Capex Intensity
DWSN
DWSN
ISSC
ISSC
Q4 25
5.1%
Q3 25
23.9%
4.5%
Q2 25
15.3%
Q1 25
7.1%
Q4 24
2.0%
1.6%
Q3 24
0.9%
Q2 24
6.4%
1.7%
Q1 24
2.2%
1.2%
Cash Conversion
DWSN
DWSN
ISSC
ISSC
Q4 25
3.67×
2.01×
Q3 25
0.42×
Q2 25
2.95×
Q1 25
1.77×
0.24×
Q4 24
2.50×
Q3 24
0.14×
Q2 24
0.60×
Q1 24
0.32×
0.17×

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%

ISSC
ISSC

Products$13.6M62%
Services$8.2M38%

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