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Side-by-side financial comparison of DAWSON GEOPHYSICAL CO (DWSN) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.

Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $26.9M, roughly 1.8× DAWSON GEOPHYSICAL CO). DAWSON GEOPHYSICAL CO runs the higher net margin — 2.1% vs -2.1%, a 4.3% gap on every dollar of revenue. On growth, DAWSON GEOPHYSICAL CO posted the faster year-over-year revenue change (72.3% vs 32.3%).

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.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

DWSN vs QIPT — Head-to-Head

Bigger by revenue
QIPT
QIPT
1.8× larger
QIPT
$49.0M
$26.9M
DWSN
Growing faster (revenue YoY)
DWSN
DWSN
+40.1% gap
DWSN
72.3%
32.3%
QIPT
Higher net margin
DWSN
DWSN
4.3% more per $
DWSN
2.1%
-2.1%
QIPT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DWSN
DWSN
QIPT
QIPT
Revenue
$26.9M
$49.0M
Net Profit
$569.0K
$-1.1M
Gross Margin
19.7%
53.5%
Operating Margin
3.1%
2.1%
Net Margin
2.1%
-2.1%
Revenue YoY
72.3%
32.3%
Net Profit YoY
170.9%
2.9%
EPS (diluted)
$0.03
$-0.02

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
QIPT
QIPT
Q4 25
$26.9M
$49.0M
Q3 25
$22.7M
$39.8M
Q2 25
$9.9M
$35.1M
Q1 25
$16.1M
$33.3M
Q4 24
$15.6M
$37.1M
Q2 24
$12.5M
Q1 24
$31.6M
Q4 23
$24.3M
Net Profit
DWSN
DWSN
QIPT
QIPT
Q4 25
$569.0K
$-1.1M
Q3 25
$-1.2M
$-3.5M
Q2 25
$-2.3M
$-3.0M
Q1 25
$992.0K
$-3.0M
Q4 24
$-802.0K
$-1.1M
Q2 24
$-3.5M
Q1 24
$5.8M
Q4 23
$-2.1M
Gross Margin
DWSN
DWSN
QIPT
QIPT
Q4 25
19.7%
53.5%
Q3 25
10.1%
48.7%
Q2 25
11.5%
57.6%
Q1 25
26.7%
54.6%
Q4 24
19.9%
52.1%
Q2 24
1.0%
Q1 24
30.5%
Q4 23
22.4%
Operating Margin
DWSN
DWSN
QIPT
QIPT
Q4 25
3.1%
2.1%
Q3 25
-5.2%
-3.6%
Q2 25
-24.1%
-5.2%
Q1 25
6.4%
-3.0%
Q4 24
-5.3%
1.2%
Q2 24
-30.1%
Q1 24
18.4%
Q4 23
-8.4%
Net Margin
DWSN
DWSN
QIPT
QIPT
Q4 25
2.1%
-2.1%
Q3 25
-5.1%
-8.9%
Q2 25
-23.8%
-8.6%
Q1 25
6.2%
-9.1%
Q4 24
-5.1%
-2.9%
Q2 24
-28.3%
Q1 24
18.5%
Q4 23
-8.7%
EPS (diluted)
DWSN
DWSN
QIPT
QIPT
Q4 25
$0.03
$-0.02
Q3 25
$-0.04
$-0.07
Q2 25
$-0.08
$-0.07
Q1 25
$0.03
$-0.07
Q4 24
$-0.02
$-0.03
Q2 24
$-0.12
Q1 24
$0.19
Q4 23
$-0.05

Balance Sheet & Financial Strength

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

Metric
DWSN
DWSN
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$5.3M
$10.5M
Total DebtLower is stronger
$11.3M
$84.0M
Stockholders' EquityBook value
$15.8M
$113.0M
Total Assets
$56.0M
$280.7M
Debt / EquityLower = less leverage
0.72×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DWSN
DWSN
QIPT
QIPT
Q4 25
$5.3M
$10.5M
Q3 25
$5.1M
$12.9M
Q2 25
$16.2M
$11.3M
Q1 25
$2.7M
$17.1M
Q4 24
$1.4M
$15.5M
Q2 24
$11.4M
Q1 24
$11.7M
Q4 23
$11.0M
Total Debt
DWSN
DWSN
QIPT
QIPT
Q4 25
$11.3M
$84.0M
Q3 25
$6.5M
$87.6M
Q2 25
$1.1M
$66.0M
Q1 25
$1.3M
$71.5M
Q4 24
$1.5M
$70.6M
Q2 24
$1.4M
Q1 24
$1.5M
Q4 23
$1.3M
Stockholders' Equity
DWSN
DWSN
QIPT
QIPT
Q4 25
$15.8M
$113.0M
Q3 25
$15.2M
$112.1M
Q2 25
$16.4M
$102.5M
Q1 25
$18.3M
$103.6M
Q4 24
$17.3M
$106.3M
Q2 24
$23.8M
Q1 24
$27.3M
Q4 23
$31.4M
Total Assets
DWSN
DWSN
QIPT
QIPT
Q4 25
$56.0M
$280.7M
Q3 25
$40.6M
$283.3M
Q2 25
$45.7M
$236.1M
Q1 25
$33.3M
$244.6M
Q4 24
$30.9M
$242.8M
Q2 24
$41.0M
Q1 24
$57.8M
Q4 23
$57.5M
Debt / Equity
DWSN
DWSN
QIPT
QIPT
Q4 25
0.72×
0.74×
Q3 25
0.43×
0.78×
Q2 25
0.07×
0.64×
Q1 25
0.07×
0.69×
Q4 24
0.09×
0.66×
Q2 24
0.06×
Q1 24
0.06×
Q4 23
0.04×

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
QIPT
QIPT
Operating Cash FlowLast quarter
$2.1M
$8.9M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
3.67×
TTM Free Cash FlowTrailing 4 quarters
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DWSN
DWSN
QIPT
QIPT
Q4 25
$2.1M
$8.9M
Q3 25
$-4.7M
$9.8M
Q2 25
$14.9M
$9.7M
Q1 25
$1.8M
$8.9M
Q4 24
$-5.4M
$9.3M
Q2 24
$5.9M
Q1 24
$1.9M
Q4 23
$-1.6M
Free Cash Flow
DWSN
DWSN
QIPT
QIPT
Q4 25
$6.9M
Q3 25
$-10.2M
$8.0M
Q2 25
$4.4M
Q1 25
$7.3M
Q4 24
$-5.7M
$5.6M
Q2 24
$5.1M
Q1 24
$1.2M
Q4 23
$-2.7M
FCF Margin
DWSN
DWSN
QIPT
QIPT
Q4 25
14.0%
Q3 25
-44.7%
20.0%
Q2 25
12.6%
Q1 25
22.0%
Q4 24
-36.7%
15.2%
Q2 24
40.9%
Q1 24
3.8%
Q4 23
-11.3%
Capex Intensity
DWSN
DWSN
QIPT
QIPT
Q4 25
4.2%
Q3 25
23.9%
4.6%
Q2 25
14.9%
Q1 25
4.8%
Q4 24
2.0%
9.9%
Q2 24
6.4%
Q1 24
2.2%
Q4 23
4.5%
Cash Conversion
DWSN
DWSN
QIPT
QIPT
Q4 25
3.67×
Q3 25
Q2 25
Q1 25
1.77×
Q4 24
Q2 24
Q1 24
0.32×
Q4 23

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%

QIPT
QIPT

Segment breakdown not available.

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