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Side-by-side financial comparison of DAWSON GEOPHYSICAL CO (DWSN) and NAPCO SECURITY TECHNOLOGIES, INC (NSSC). Click either name above to swap in a different company.

NAPCO SECURITY TECHNOLOGIES, INC is the larger business by last-quarter revenue ($48.2M vs $26.9M, roughly 1.8× DAWSON GEOPHYSICAL CO). NAPCO SECURITY TECHNOLOGIES, INC runs the higher net margin — 28.0% vs 2.1%, a 25.9% gap on every dollar of revenue. On growth, DAWSON GEOPHYSICAL CO posted the faster year-over-year revenue change (72.3% vs 12.2%). Over the past eight quarters, DAWSON GEOPHYSICAL CO's revenue compounded faster (5.4% CAGR vs -1.1%).

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.

Napco Security Technologies, Inc. was set up in 1969 and now is based in Amityville, New York. The company focuses on security products, such as electronic locking devices, alarm systems, and building access control systems. The company was formerly known as Napco Security Systems, Inc.

DWSN vs NSSC — Head-to-Head

Bigger by revenue
NSSC
NSSC
1.8× larger
NSSC
$48.2M
$26.9M
DWSN
Growing faster (revenue YoY)
DWSN
DWSN
+60.1% gap
DWSN
72.3%
12.2%
NSSC
Higher net margin
NSSC
NSSC
25.9% more per $
NSSC
28.0%
2.1%
DWSN
Faster 2-yr revenue CAGR
DWSN
DWSN
Annualised
DWSN
5.4%
-1.1%
NSSC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
DWSN
DWSN
NSSC
NSSC
Revenue
$26.9M
$48.2M
Net Profit
$569.0K
$13.5M
Gross Margin
19.7%
58.6%
Operating Margin
3.1%
30.6%
Net Margin
2.1%
28.0%
Revenue YoY
72.3%
12.2%
Net Profit YoY
170.9%
29.0%
EPS (diluted)
$0.03
$0.38

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
NSSC
NSSC
Q4 25
$26.9M
$48.2M
Q3 25
$22.7M
$49.2M
Q2 25
$9.9M
$50.7M
Q1 25
$16.1M
$44.0M
Q4 24
$15.6M
$42.9M
Q3 24
$44.0M
Q2 24
$12.5M
$50.3M
Q1 24
$31.6M
$49.3M
Net Profit
DWSN
DWSN
NSSC
NSSC
Q4 25
$569.0K
$13.5M
Q3 25
$-1.2M
$12.2M
Q2 25
$-2.3M
$11.6M
Q1 25
$992.0K
$10.1M
Q4 24
$-802.0K
$10.5M
Q3 24
$11.2M
Q2 24
$-3.5M
$13.5M
Q1 24
$5.8M
$13.2M
Gross Margin
DWSN
DWSN
NSSC
NSSC
Q4 25
19.7%
58.6%
Q3 25
10.1%
56.6%
Q2 25
11.5%
52.8%
Q1 25
26.7%
57.2%
Q4 24
19.9%
57.0%
Q3 24
55.9%
Q2 24
1.0%
55.3%
Q1 24
30.5%
53.8%
Operating Margin
DWSN
DWSN
NSSC
NSSC
Q4 25
3.1%
30.6%
Q3 25
-5.2%
27.7%
Q2 25
-24.1%
23.8%
Q1 25
6.4%
25.4%
Q4 24
-5.3%
26.0%
Q3 24
26.9%
Q2 24
-30.1%
27.7%
Q1 24
18.4%
29.4%
Net Margin
DWSN
DWSN
NSSC
NSSC
Q4 25
2.1%
28.0%
Q3 25
-5.1%
24.7%
Q2 25
-23.8%
22.9%
Q1 25
6.2%
23.0%
Q4 24
-5.1%
24.4%
Q3 24
25.4%
Q2 24
-28.3%
26.9%
Q1 24
18.5%
26.8%
EPS (diluted)
DWSN
DWSN
NSSC
NSSC
Q4 25
$0.03
$0.38
Q3 25
$-0.04
$0.34
Q2 25
$-0.08
$0.33
Q1 25
$0.03
$0.28
Q4 24
$-0.02
$0.28
Q3 24
$0.30
Q2 24
$-0.12
$0.36
Q1 24
$0.19
$0.36

Balance Sheet & Financial Strength

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

Metric
DWSN
DWSN
NSSC
NSSC
Cash + ST InvestmentsLiquidity on hand
$5.3M
$115.4M
Total DebtLower is stronger
$11.3M
Stockholders' EquityBook value
$15.8M
$184.8M
Total Assets
$56.0M
$212.8M
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DWSN
DWSN
NSSC
NSSC
Q4 25
$5.3M
$115.4M
Q3 25
$5.1M
$105.8M
Q2 25
$16.2M
$99.2M
Q1 25
$2.7M
$89.3M
Q4 24
$1.4M
$99.2M
Q3 24
$91.3M
Q2 24
$11.4M
$70.7M
Q1 24
$11.7M
$60.9M
Total Debt
DWSN
DWSN
NSSC
NSSC
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
NSSC
NSSC
Q4 25
$15.8M
$184.8M
Q3 25
$15.2M
$176.1M
Q2 25
$16.4M
$168.6M
Q1 25
$18.3M
$161.5M
Q4 24
$17.3M
$174.2M
Q3 24
$178.6M
Q2 24
$23.8M
$178.9M
Q1 24
$27.3M
$168.2M
Total Assets
DWSN
DWSN
NSSC
NSSC
Q4 25
$56.0M
$212.8M
Q3 25
$40.6M
$206.0M
Q2 25
$45.7M
$198.1M
Q1 25
$33.3M
$190.9M
Q4 24
$30.9M
$202.7M
Q3 24
$209.9M
Q2 24
$41.0M
$207.8M
Q1 24
$57.8M
$194.8M
Debt / Equity
DWSN
DWSN
NSSC
NSSC
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
NSSC
NSSC
Operating Cash FlowLast quarter
$2.1M
$15.1M
Free Cash FlowOCF − Capex
$14.5M
FCF MarginFCF / Revenue
30.1%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
3.67×
1.12×
TTM Free Cash FlowTrailing 4 quarters
$53.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DWSN
DWSN
NSSC
NSSC
Q4 25
$2.1M
$15.1M
Q3 25
$-4.7M
$11.6M
Q2 25
$14.9M
$14.6M
Q1 25
$1.8M
$13.4M
Q4 24
$-5.4M
$13.5M
Q3 24
$12.0M
Q2 24
$5.9M
$14.3M
Q1 24
$1.9M
$12.3M
Free Cash Flow
DWSN
DWSN
NSSC
NSSC
Q4 25
$14.5M
Q3 25
$-10.2M
$11.4M
Q2 25
$14.4M
Q1 25
$13.3M
Q4 24
$-5.7M
$12.4M
Q3 24
$11.3M
Q2 24
$5.1M
$13.8M
Q1 24
$1.2M
$12.0M
FCF Margin
DWSN
DWSN
NSSC
NSSC
Q4 25
30.1%
Q3 25
-44.7%
23.3%
Q2 25
28.4%
Q1 25
30.3%
Q4 24
-36.7%
28.8%
Q3 24
25.8%
Q2 24
40.9%
27.4%
Q1 24
3.8%
24.3%
Capex Intensity
DWSN
DWSN
NSSC
NSSC
Q4 25
1.2%
Q3 25
23.9%
0.4%
Q2 25
0.5%
Q1 25
0.1%
Q4 24
2.0%
2.6%
Q3 24
1.5%
Q2 24
6.4%
1.1%
Q1 24
2.2%
0.7%
Cash Conversion
DWSN
DWSN
NSSC
NSSC
Q4 25
3.67×
1.12×
Q3 25
0.96×
Q2 25
1.26×
Q1 25
1.77×
1.32×
Q4 24
1.29×
Q3 24
1.08×
Q2 24
1.06×
Q1 24
0.32×
0.94×

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%

NSSC
NSSC

Segment breakdown not available.

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