Demonstrações financeiras detalhadas de Dawson Geophysical Company (DWSN): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Dawson Geophysical Company registou receitas de $75.6M no último exercício, com um CAGR de 5 anos de -2.6%.
Margens dos últimos 12 meses: margem bruta 26.6%, margem operacional 5.3%, margem líquida 3.5%. O fluxo de caixa livre cresceu a CAGR de -15.7% em 5 anos.
Ao preço atual de $3.23, DWSN negocia a um P/L de 29.00 e um ROE de 19.56%. A capitalização de mercado é de $100M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $133.3M | $157.1M | $154.2M | $145.8M | $86.1M | $24.7M | $51.6M | $96.8M | $74.2M | $75.6M |
| Custo da Receita | $44.3M | $39.2M | $30.0M | $21.8M | $17.2M | $12.9M | $58.4M | $95.1M | $68.8M | $68.3M |
| Lucro Bruto | $89.0M | $117.9M | $124.2M | $123.9M | $68.9M | $11.8M | -$6.7M | $1.7M | $5.4M | $7.3M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $16.8M | $16.2M | $16.3M | $17.2M | $13.9M | $12.0M | $15.5M | $14.8M | $9.9M | $9.0M |
| Despesas Operacionais | $138.5M | $155.4M | $149.2M | $140.2M | $82.9M | $41.1M | $15.5M | $14.8M | $9.9M | $9.0M |
| Lucro Operacional | -$49.4M | -$37.4M | -$25.0M | -$16.2M | -$14.0M | -$29.2M | -$22.2M | -$13.1M | -$4.5M | -$1.7M |
| EBITDA | -$1.7M | $2.3M | $5.2M | $8.0M | $4.1M | -$16.2M | -$6.7M | -$3.6M | $1.8M | $4.3M |
| Despesas com Juros | $260000 | $158000 | $408000 | $435000 | $83000 | $21000 | $31000 | $103000 | $159000 | $536000 |
| Lucro Antes de Impostos | -$46.2M | -$36.6M | -$25.2M | -$15.5M | -$13.2M | -$29.1M | -$18.5M | -$12.2M | -$4.1M | -$1.9M |
| Imposto | -$6.4M | -$5.3M | -$798000 | -$239000 | $24000 | -$26000 | $107000 | -$96000 | $7000 | $6000 |
| Lucro Líquido | -$39.8M | -$31.3M | -$24.4M | -$15.2M | -$13.2M | -$29.1M | -$18.6M | -$12.1M | -$4.1M | -$1.9M |
| LPA | $-1.75 | $-1.38 | $-1.07 | $-0.66 | $-0.56 | $-1.23 | $-0.75 | $-0.45 | $-0.13 | $-0.06 |
| LPA Diluído | $-1.75 | $-1.37 | $-1.07 | $-0.66 | $-0.56 | $-1.23 | $-0.75 | $-0.45 | $-0.13 | $-0.06 |
| Ações em Circulação (Diluídas) | $22.7M | $22.8M | $22.9M | $23.2M | $23.4M | $23.6M | $25.0M | $26.8M | $30.9M | $31.0M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $22.7M | $26.9M | $36.7M | $17.9M |
| Lucro Bruto | $938000 | $3.4M | $11.1M | $12.3M |
| Lucro Operacional | -$1.2M | $845000 | $8.8M | -$3.0M |
| EBITDA | $277000 | $2.8M | $10.2M | -$3.0M |
| Lucro Líquido | -$1.2M | $569000 | $7.7M | -$3.4M |
| LPA | $-0.04 | $0.02 | $0.25 | $-0.11 |
| LPA Diluído | $-0.04 | $0.02 | $0.25 | $-0.11 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $14.6M | $22.0M | $28.7M | $26.3M | $41.0M | $25.4M | $18.6M | $15.8M | $1.4M | $4.9M |
| Investimentos de Curto Prazo | $40.2M | $16.6M | $10.6M | $2.4M | $583000 | $265000 | $265000 | $265000 | 0 | $370000 |
| Contas a Receber | $16.0M | $33.2M | $25.4M | $24.4M | $7.3M | $8.9M | $13.4M | $12.7M | $10.4M | $13.2M |
| Estoque | 0 | 0 | 0 | $1.4M | 0 | -$8.9M | 0 | 0 | $391000 | 0 |
| Ativos Circulantes | $75.7M | $77.1M | $77.0M | $65.6M | $58.6M | $42.9M | $43.8M | $33.1M | $14.5M | $21.8M |
| Imobilizado | $110.9M | $86.6M | $71.5M | $60.2M | $44.4M | $30.8M | $24.5M | $19.7M | $16.0M | $257.1M |
| Ágio | -$486.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | $487.0M | $494000 | $379000 | $385000 | $393000 | $395000 | $369000 | $377000 | $348000 | $364000 |
| Ativos Totais | $187.7M | $165.2M | $150.7M | $127.6M | $103.4M | $74.0M | $68.7M | $58.2M | $30.9M | $56.0M |
| Contas a Pagar | $5.6M | $5.9M | $5.4M | $4.0M | $1.6M | $2.6M | $4.1M | $3.9M | $3.4M | $9.6M |
| Dívida de Curto Prazo | $2.4M | $2.7M | $6.7M | $5.3M | $40000 | $265000 | $205000 | $910000 | $168000 | $5.1M |
| Passivos Circulantes | $15.0M | $17.8M | $27.3M | $18.3M | $7.4M | $7.6M | $16.2M | $22.4M | $9.9M | $26.8M |
| Dívida de Longo Prazo | 0 | $5.2M | $6.1M | 0 | 0 | 0 | 0 | 0 | 0 | $9.9M |
| Passivos Totais | $16.8M | $24.0M | $33.7M | $24.4M | $12.4M | $11.6M | $19.9M | $26.8M | $13.6M | $40.2M |
| Reservas | $29.3M | -$2.0M | -$34.5M | -$49.7M | -$62.9M | -$92.0M | -$112.5M | -$123.6M | -$137.6M | -$139.6M |
| Patrimônio Líquido | $170.9M | $141.3M | $117.0M | $103.2M | $91.0M | $62.5M | $48.8M | $31.4M | $17.3M | $15.8M |
| Dívida Total | $2.4M | $7.9M | $12.8M | $12.4M | $6.1M | $5.2M | $4.9M | $6.2M | $5.8M | $20.7M |
| Dívida Líquida | -$52.5M | -$30.7M | -$26.5M | -$16.2M | -$35.4M | -$20.4M | -$13.9M | -$9.8M | $4.4M | $15.4M |
| Capital de Giro | $60.7M | $59.3M | $49.7M | $47.4M | $51.1M | $35.3M | $27.6M | $10.7M | $4.6M | -$5.0M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $5.1M | $4.9M | $1.4M | $5.8M |
| Ativos Totais | $40.6M | $56.0M | $64.4M | $55.3M |
| Passivos Totais | $25.4M | $40.2M | $41.1M | $35.3M |
| Patrimônio Líquido | $15.2M | $15.8M | $23.3M | $20.0M |
| Dívida Total | $13.5M | $20.7M | $22.0M | $20.0M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$39.8M | -$31.3M | -$24.4M | -$15.2M | -$13.2M | -$29.1M | -$18.6M | -$12.1M | -$4.1M | -$1.9M |
| Depreciação e Amortização | $44.3M | $39.2M | $30.0M | $21.8M | $17.2M | $12.9M | $11.8M | $8.5M | $5.7M | $5.7M |
| Compensação em Ações | $879000 | $976000 | $1.4M | $1.2M | $703000 | $479000 | 0 | 0 | 0 | $130000 |
| Variação Capital de Giro | $11.9M | -$13.1M | $6.7M | $708000 | $12.3M | -$892000 | $1.5M | $3.5M | -$4.7M | $9.4M |
| Fluxo de Caixa Operacional | $8.7M | -$6.7M | $12.9M | $9.5M | $19.6M | -$16.1M | -$3.3M | $814000 | -$1.9M | $14.0M |
| CapEx | -$8.3M | -$8.7M | -$15.7M | -$4.4M | -$2.8M | -$505000 | -$1.4M | -$3.7M | -$1.9M | -$6.8M |
| Aquisições | -$1.55B | -$7.8M | $15.7M | 0 | $2.8M | $451000 | 0 | 0 | 0 | 0 |
| Recompra de Ações | -$72000 | -$158000 | -$121000 | 0 | -$70000 | -$75000 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | -$1000 | 0 | 0 | 0 | 0 | 0 | -$9.9M | 0 |
| Fluxo de Caixa Livre | $491000 | -$15.4M | -$2.9M | $5.1M | $16.8M | -$16.6M | -$4.7M | -$2.9M | -$3.7M | $7.1M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | -$4.7M | $2.1M | -$465000 | $6.5M |
| CapEx | -$5.4M | -$713999 | -$1.4M | -$219000 |
| Fluxo de Caixa Livre | -$10.2M | $1.4M | -$1.9M | $6.2M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | 0 | 0 | $47000 | $69000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +17.9% | -1.9% | -5.4% | -40.9% | -71.3% | +109.1% | +87.6% | -23.4% | +2.0% |
| Crescimento Lucro Líquido (anual) | | +21.4% | +21.9% | +37.7% | +13.3% | -120.5% | +35.9% | +34.9% | +66.1% | +52.9% |
| Crescimento LPA (anual) | | +21.1% | +22.5% | +38.3% | +15.2% | -119.6% | +39.0% | +40.0% | +71.1% | +51.8% |
| Variação de Ações (anual) | | +0.4% | +0.6% | +1.2% | +0.9% | +0.8% | +5.9% | +7.1% | +15.4% | +0.4% |
| Crescimento FCF (anual) | | -3232.0% | +81.3% | +276.9% | +230.3% | -198.6% | +71.6% | +38.1% | -28.3% | +291.5% |
| Margem Bruta | 66.8% | 75.0% | 80.6% | 85.0% | 80.1% | 47.9% | -13.1% | 1.8% | 7.3% | 9.7% |
| Margem Operacional | -37.1% | -23.8% | -16.2% | -11.1% | -16.3% | -118.4% | -43.0% | -13.5% | -6.1% | -2.2% |
| Margem EBITDA | -1.3% | 1.5% | 3.3% | 5.5% | 4.7% | -65.7% | -12.9% | -3.8% | 2.4% | 5.6% |
| Margem Líquida | -29.8% | -19.9% | -15.8% | -10.4% | -15.3% | -117.8% | -36.1% | -12.5% | -5.6% | -2.6% |
| Margem FCF | 0.4% | -9.8% | -1.9% | 3.5% | 19.5% | -67.0% | -9.1% | -3.0% | -5.0% | 9.4% |
| Taxa Efetiva de Imposto | 13.9% | 14.5% | 3.2% | 1.5% | -0.2% | 0.1% | -0.6% | 0.8% | -0.2% | -0.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.02 | $-0.68 | $-0.13 | $0.22 | $0.72 | $-0.70 | $-0.19 | $-0.11 | $-0.12 | $0.23 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.00 |
| Ações em Circulação (Básicas) | $22.7M | $22.7M | $22.8M | $23.2M | $23.4M | $23.6M | $25.0M | $26.8M | $30.9M | $31.0M |
O que olhar em empresas de Energy
- FCF yield (>8%) — Caixa gerada / capitalização. Em energia o FCF importa mais que LPA.
- ROIC médio 5a (≥10%) — Incluir anos bons e maus para filtrar as realmente disciplinadas.
- FCF positivo em 8 dos últimos 10 anos (≥8/10) — Nomes disciplinados (XOM, CVX, EOG) sobrevivem crashes de 2014-16 e 2020.
- Cobertura do dividendo (FCF / div) (≥1,2x) — Dividendo coberto por FCF, não por dívida. <1x = corte provável.
- Dívida Líquida / EBITDA (<2x em pico) — Olhar com EBITDA em vale, não em pico.
- Capex / Receita (10-20% saudável) — Energia precisa de reinvestimento agressivo para manter reservas.
Rentabilidade
| Retorno sobre patrimônio | 19.56% |
| Retorno sobre capital investido | 13.53% |
| Retorno sobre ativos | 6.57% |
| Margem bruta | 26.57% |
| Margem operacional | 5.25% |
| Margem líquida | 3.49% |
Saúde financeira
| Dívida / Patrimônio | 1.00 |
| Liquidez corrente | 0.87 |
| Piotroski F-Score | 4 |
| Altman Z-Score | -1.62 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -4.38 | -3.43 | -3.16 | -3.64 | -3.79 | -1.89 | -2.61 | -4.07 | -10.31 | -24.92 |
| P/VP | 1.02 | 0.76 | 0.66 | 0.54 | 0.54 | 0.88 | 1.00 | 1.56 | 2.39 | 3.06 |
| P/V | 1.30 | 0.68 | 0.50 | 0.38 | 0.58 | 2.21 | 0.95 | 0.51 | 0.56 | 0.64 |
| Margem Bruta | 66.8% | 75.0% | 80.6% | 85.0% | 80.1% | 47.9% | -13.1% | 1.8% | 7.3% | 9.7% |
| Margem Operacional | -37.1% | -23.8% | -16.2% | -11.1% | -16.3% | -118.4% | -43.0% | -13.5% | -6.1% | -2.2% |
| Margem Líquida | -29.8% | -19.9% | -15.8% | -10.4% | -15.3% | -117.8% | -36.1% | -12.5% | -5.6% | -2.6% |