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Side-by-side financial comparison of DAWSON GEOPHYSICAL CO (DWSN) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

DAWSON GEOPHYSICAL CO is the larger business by last-quarter revenue ($26.9M vs $22.7M, roughly 1.2× R F INDUSTRIES LTD). DAWSON GEOPHYSICAL CO runs the higher net margin — 2.1% vs 0.8%, a 1.3% gap on every dollar of revenue. On growth, DAWSON GEOPHYSICAL CO posted the faster year-over-year revenue change (72.3% vs 22.9%). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% 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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

DWSN vs RFIL — Head-to-Head

Bigger by revenue
DWSN
DWSN
1.2× larger
DWSN
$26.9M
$22.7M
RFIL
Growing faster (revenue YoY)
DWSN
DWSN
+49.4% gap
DWSN
72.3%
22.9%
RFIL
Higher net margin
DWSN
DWSN
1.3% more per $
DWSN
2.1%
0.8%
RFIL
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
5.4%
DWSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DWSN
DWSN
RFIL
RFIL
Revenue
$26.9M
$22.7M
Net Profit
$569.0K
$173.0K
Gross Margin
19.7%
36.8%
Operating Margin
3.1%
4.0%
Net Margin
2.1%
0.8%
Revenue YoY
72.3%
22.9%
Net Profit YoY
170.9%
172.7%
EPS (diluted)
$0.03
$0.01

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
RFIL
RFIL
Q4 25
$26.9M
$22.7M
Q3 25
$22.7M
$19.8M
Q2 25
$9.9M
$18.9M
Q1 25
$16.1M
$19.2M
Q4 24
$15.6M
$18.5M
Q3 24
$16.8M
Q2 24
$12.5M
$16.1M
Q1 24
$31.6M
$13.5M
Net Profit
DWSN
DWSN
RFIL
RFIL
Q4 25
$569.0K
$173.0K
Q3 25
$-1.2M
$392.0K
Q2 25
$-2.3M
$-245.0K
Q1 25
$992.0K
$-245.0K
Q4 24
$-802.0K
$-238.0K
Q3 24
$-705.0K
Q2 24
$-3.5M
$-4.3M
Q1 24
$5.8M
$-1.4M
Gross Margin
DWSN
DWSN
RFIL
RFIL
Q4 25
19.7%
36.8%
Q3 25
10.1%
34.0%
Q2 25
11.5%
31.5%
Q1 25
26.7%
29.8%
Q4 24
19.9%
31.3%
Q3 24
29.5%
Q2 24
1.0%
29.9%
Q1 24
30.5%
24.5%
Operating Margin
DWSN
DWSN
RFIL
RFIL
Q4 25
3.1%
4.0%
Q3 25
-5.2%
3.6%
Q2 25
-24.1%
0.6%
Q1 25
6.4%
0.3%
Q4 24
-5.3%
0.5%
Q3 24
-2.5%
Q2 24
-30.1%
-2.6%
Q1 24
18.4%
-15.5%
Net Margin
DWSN
DWSN
RFIL
RFIL
Q4 25
2.1%
0.8%
Q3 25
-5.1%
2.0%
Q2 25
-23.8%
-1.3%
Q1 25
6.2%
-1.3%
Q4 24
-5.1%
-1.3%
Q3 24
-4.2%
Q2 24
-28.3%
-26.7%
Q1 24
18.5%
-10.1%
EPS (diluted)
DWSN
DWSN
RFIL
RFIL
Q4 25
$0.03
$0.01
Q3 25
$-0.04
$0.04
Q2 25
$-0.08
$-0.02
Q1 25
$0.03
$-0.02
Q4 24
$-0.02
$-0.02
Q3 24
$-0.07
Q2 24
$-0.12
$-0.41
Q1 24
$0.19
$-0.13

Balance Sheet & Financial Strength

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

Metric
DWSN
DWSN
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$5.3M
$5.1M
Total DebtLower is stronger
$11.3M
Stockholders' EquityBook value
$15.8M
$35.2M
Total Assets
$56.0M
$73.0M
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DWSN
DWSN
RFIL
RFIL
Q4 25
$5.3M
$5.1M
Q3 25
$5.1M
$3.0M
Q2 25
$16.2M
$3.6M
Q1 25
$2.7M
$1.3M
Q4 24
$1.4M
$839.0K
Q3 24
$1.8M
Q2 24
$11.4M
$1.4M
Q1 24
$11.7M
$4.5M
Total Debt
DWSN
DWSN
RFIL
RFIL
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
RFIL
RFIL
Q4 25
$15.8M
$35.2M
Q3 25
$15.2M
$34.8M
Q2 25
$16.4M
$34.2M
Q1 25
$18.3M
$34.2M
Q4 24
$17.3M
$34.1M
Q3 24
$34.1M
Q2 24
$23.8M
$34.6M
Q1 24
$27.3M
$38.7M
Total Assets
DWSN
DWSN
RFIL
RFIL
Q4 25
$56.0M
$73.0M
Q3 25
$40.6M
$73.2M
Q2 25
$45.7M
$72.7M
Q1 25
$33.3M
$70.4M
Q4 24
$30.9M
$71.0M
Q3 24
$71.9M
Q2 24
$41.0M
$72.8M
Q1 24
$57.8M
$79.1M
Debt / Equity
DWSN
DWSN
RFIL
RFIL
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
RFIL
RFIL
Operating Cash FlowLast quarter
$2.1M
$2.1M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
3.67×
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DWSN
DWSN
RFIL
RFIL
Q4 25
$2.1M
$2.1M
Q3 25
$-4.7M
$-311.0K
Q2 25
$14.9M
$2.2M
Q1 25
$1.8M
$601.0K
Q4 24
$-5.4M
$-244.0K
Q3 24
$2.4M
Q2 24
$5.9M
$197.0K
Q1 24
$1.9M
$840.0K
Free Cash Flow
DWSN
DWSN
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$-10.2M
$-419.0K
Q2 25
$2.2M
Q1 25
$574.0K
Q4 24
$-5.7M
$-418.0K
Q3 24
$2.1M
Q2 24
$5.1M
$28.0K
Q1 24
$1.2M
$697.0K
FCF Margin
DWSN
DWSN
RFIL
RFIL
Q4 25
9.0%
Q3 25
-44.7%
-2.1%
Q2 25
11.4%
Q1 25
3.0%
Q4 24
-36.7%
-2.3%
Q3 24
12.6%
Q2 24
40.9%
0.2%
Q1 24
3.8%
5.2%
Capex Intensity
DWSN
DWSN
RFIL
RFIL
Q4 25
0.3%
Q3 25
23.9%
0.5%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
2.0%
0.9%
Q3 24
1.5%
Q2 24
6.4%
1.0%
Q1 24
2.2%
1.1%
Cash Conversion
DWSN
DWSN
RFIL
RFIL
Q4 25
3.67×
12.13×
Q3 25
-0.79×
Q2 25
Q1 25
1.77×
Q4 24
Q3 24
Q2 24
Q1 24
0.32×

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%

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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