NASDAQ : BWMN
Bowman Consulting Group Ltd. — Financial statements
Industrials · Engineering & Construction · United States
Last price 42.9 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 743.69M
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Financial statements
Bowman Consulting Group Ltd. (BWMN) reported revenue of 527.60M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 527.60M | 490.02M | 426.56M | 346.26M | 261.71M | 149.97M |
| Cost of Revenue | 246.09M | 228.48M | 203.76M | 170.22M | 126.59M | 74.53M |
| Gross Profit | 281.51M | 261.54M | 222.80M | 176.03M | 135.13M | 75.44M |
| Selling, General & Admin | 234.88M | 215.06M | 197.45M | 158.38M | 117.84M | 69.03M |
| Operating Expenses | 265.59M | 242.62M | 225.28M | 177.10M | 130.09M | 75.40M |
| Operating Income | 15.92M | 18.92M | -2.48M | -1.07M | 5.04M | 38.00K |
| Interest Expense | -11.67M | -9.25M | -7.95M | -5.34M | -2.46M | -918.00K |
| Other Non Operating Income (Expenses) | 597.00K | 1.22M | 3.29M | 2.51M | 588.00K | 182.00K |
| EBT Excluding Unusual Items | 4.85M | 10.89M | -7.14M | -3.90M | 3.17M | -698.00K |
| Merger & Restructuring Charges | -1.18M | -1.18M | -3.85M | -3.26M | -1.51M | -704.00K |
| Gain (Loss) on Sale of Assets | 1.80M | 740.00K | 477.00K | 411.00K | 82.00K | 122.00K |
| Other Unusual Items | -1.70M | 710.00K | 1.56M | 299.00K | ||
| Pretax Income | 3.76M | 11.16M | -8.95M | -6.45M | 1.74M | -1.28M |
| Income Tax Expense | -3.61M | -1.69M | -11.98M | 177.00K | -3.27M | -1.58M |
| Net Income | 7.38M | 12.85M | 3.03M | -6.62M | 5.00M | 299.00K |
| Preferred Dividends & Other Adjustments | 403.00K | 621.00K | 230.00K | 783.00K | 56.00K | |
| Net Income to Common | 6.97M | 12.23M | 2.80M | -6.62M | 4.22M | 243.00K |
| Shares Outstanding (Basic) | 16.46M | 16.41M | 15.75M | 12.49M | 10.89M | 7.53M |
| Shares Outstanding (Diluted) | 16.67M | 16.75M | 16.13M | 12.49M | 11.68M | 7.64M |
| EPS (Basic) | 0.42 | 0.74 | 0.18 | -0.53 | 0.39 | 0.03 |
| EPS (Diluted) | 0.42 | 0.73 | 0.17 | -0.53 | 0.37 | 0.03 |
| Free Cash Flow | 12.56M | 33.43M | 23.68M | 9.63M | 8.27M | 3.81M |
| Free Cash Flow Per Share | 0.75 | 2.00 | 1.47 | 0.77 | 0.71 | 0.50 |
| Gross Margin | 53.36% | 53.37% | 52.23% | 50.84% | 51.63% | 50.30% |
| Operating Margin | 3.02% | 3.86% | -0.58% | -0.31% | 1.93% | 0.03% |
| Profit Margin | 1.32% | 2.50% | 0.66% | -1.91% | 1.61% | 0.16% |
| Free Cash Flow Margin | 2.38% | 6.82% | 5.55% | 2.78% | 3.16% | 2.54% |
| EBITDA | 46.62M | 46.46M | 25.97M | 17.66M | 17.29M | 6.41M |
| EBITDA Margin | 8.84% | 9.48% | 6.09% | 5.10% | 6.61% | 4.27% |
| D&A For EBITDA | 30.70M | 27.54M | 28.45M | 18.72M | 12.25M | 6.37M |
| EBIT | 15.92M | 18.92M | -2.48M | -1.07M | 5.04M | 38.00K |
| EBIT Margin | 3.02% | 3.86% | -0.58% | -0.31% | 1.93% | 0.03% |
| Advertising Expenses | 300.00K | 300.00K | 200.00K | 200.00K | 100.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.49M | 11.07M | 6.70M | 20.69M | 13.28M | 20.62M |
| Cash & Short-Term Investments | 10.49M | 11.07M | 6.70M | 20.69M | 13.28M | 20.62M |
| Accounts Receivable | 207.35M | 184.15M | 148.47M | 121.08M | 80.76M | 47.68M |
| Receivables | 207.61M | 184.16M | 150.36M | 122.28M | 81.78M | 48.94M |
| Prepaid Expenses | 17.41M | 17.73M | 19.56M | 11.81M | 7.07M | 4.75M |
| Other Current Assets | 100.00K | |||||
| Total Current Assets | 235.50M | 212.96M | 176.62M | 154.78M | 102.13M | 74.41M |
| Property, Plant & Equipment | 117.52M | 95.03M | 84.10M | 68.34M | 55.37M | 20.20M |
| Goodwill | 174.52M | 173.58M | 134.65M | 96.39M | 53.21M | 28.47M |
| Other Intangible Assets | 83.34M | 88.58M | 65.41M | 46.29M | 27.95M | 12.29M |
| Long-Term Deferred Tax Assets | 5.60M | 5.82M | 42.04M | 33.78M | 13.76M | |
| Other Long-Term Assets | 1.81M | 1.71M | 1.52M | 1.18M | 1.02M | 681.00K |
| Total Assets | 620.06M | 579.68M | 505.88M | 402.79M | 255.76M | 138.17M |
| Accounts Payable | 59.54M | 59.72M | 51.32M | 44.00M | 40.05M | 17.92M |
| Accrued Expenses | 312.00K | 308.00K | 392.00K | 239.00K | ||
| Short-Term Debt | 136.16M | 95.35M | 37.00M | 45.29M | ||
| Current Portion of Long-Term Debt | 22.04M | 22.70M | 17.07M | 13.99M | 10.17M | 4.45M |
| Current Portion of Leases | 29.16M | 25.69M | 21.37M | 15.60M | 12.25M | 5.14M |
| Current Unearned Revenue | 14.18M | 10.96M | 7.91M | 7.48M | 6.37M | 4.62M |
| Other Current Liabilities | 724.00K | |||||
| Total Current Liabilities | 261.08M | 214.73M | 134.98M | 126.76M | 69.08M | 32.85M |
| Long-Term Debt | 22.69M | 34.31M | 19.99M | 13.74M | 16.28M | 8.41M |
| Long-Term Leases | 74.53M | 64.15M | 55.00M | 52.07M | 42.34M | 10.02M |
| Pension & Post-Retirement Benefits | 4.63M | 4.73M | 4.72M | 4.65M | 4.85M | |
| Long-Term Deferred Tax Liabilities | 279.00K | 279.00K | 4.29M | |||
| Other Long-Term Liabilities | 359.00K | 377.00K | 45.08M | 42.29M | 356.00K | 4.19M |
| Total Liabilities | 363.57M | 318.58M | 259.77M | 239.50M | 132.90M | 59.76M |
| Common Stock | 225.00K | 220.00K | 213.00K | 177.00K | 159.00K | 137.00K |
| Additional Paid-In Capital | 366.64M | 355.46M | 329.07M | 215.42M | 162.92M | 120.84M |
| Retained Earnings | -11.74M | -10.54M | -23.39M | -26.42M | -19.80M | -24.80M |
| Treasury Stock | -99.47M | -84.93M | -60.90M | -26.41M | -20.83M | -17.49M |
| Comprehensive Income & Other | 842.00K | 895.00K | 1.12M | 514.00K | 405.00K | -277.00K |
| Shareholders' Equity | 256.49M | 261.11M | 246.12M | 163.28M | 122.86M | 78.41M |
| Total Liabilities & Equity | 620.06M | 579.68M | 505.88M | 402.79M | 255.76M | 138.17M |
| Total Debt | 284.58M | 242.19M | 150.44M | 140.69M | 81.03M | 28.01M |
| Net Cash (Debt) | -274.10M | -231.13M | -143.74M | -120.00M | -67.75M | -7.39M |
| Net Cash Per Share | -16.44 | -13.80 | -8.91 | -9.61 | -5.80 | -0.97 |
| Filing Date Shares Outstanding | 17.34M | 17.12M | 17.26M | 15.23M | 13.59M | 12.58M |
| Total Common Shares Outstanding | 17.23M | 17.19M | 17.38M | 15.09M | 13.56M | 11.49M |
| Working Capital | -25.58M | -1.78M | 41.64M | 28.02M | 33.05M | 41.55M |
| Book Value Per Share | 14.88 | 15.19 | 14.16 | 10.82 | 9.06 | 6.82 |
| Tangible Book Value | -1.37M | -1.05M | 46.05M | 20.59M | 41.70M | 37.66M |
| Tangible Book Value Per Share | -0.08 | -0.06 | 2.65 | 1.36 | 3.08 | 3.28 |
| Machinery | 28.67M | 25.10M | 24.05M | 12.66M | 10.62M | 8.34M |
| Leasehold Improvements | 9.81M | 9.71M | 9.47M | 8.87M | 7.73M | 6.89M |
| Order Backlog | 479.00M | 399.00M | 306.00M | 243.00M | 167.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.38M | 12.85M | 3.03M | -6.62M | 5.00M | 299.00K |
| Depreciation & Amortization | 45.15M | 41.99M | 41.66M | 29.91M | 20.39M | 6.37M |
| Other Amortization | 899.00K | 1.10M | 483.00K | 642.00K | 258.00K | |
| Loss (Gain) From Sale of Assets | -1.93M | -909.00K | -477.00K | -411.00K | -82.00K | -122.00K |
| Stock-Based Compensation | 18.64M | 18.75M | 25.73M | 24.74M | 15.10M | 8.22M |
| Provision & Write-off of Bad Debts | 1.73M | 1.65M | 1.55M | 515.00K | 742.00K | 496.00K |
| Other Operating Activities | 34.46M | 22.05M | -33.22M | -36.72M | -26.19M | -2.18M |
| Change in Accounts Receivable | -38.93M | -31.92M | -13.35M | -24.43M | -18.35M | -9.19M |
| Change in Accounts Payable | -40.03M | -33.67M | 7.65M | 27.73M | 15.80M | 3.30M |
| Change in Unearned Revenue | -1.53M | 723.00K | -3.05M | -3.78M | -1.37M | -192.00K |
| Change in Other Net Operating Assets | -2.60M | 3.23M | -5.70M | 143.00K | -2.13M | -2.28M |
| Operating Cash Flow | 23.24M | 35.83M | 24.30M | 11.72M | 9.17M | 4.72M |
| Capital Expenditures | -10.68M | -2.39M | -626.00K | -2.09M | -902.00K | -905.00K |
| Sale of Property, Plant & Equipment | 1.81M | 1.03M | 478.00K | 411.00K | 35.00K | 127.00K |
| Cash Acquisitions | -34.56M | -35.21M | -24.45M | -25.69M | -18.04M | -20.34M |
| Sale (Purchase) of Intangibles | -990.00K | -370.00K | -2.92M | |||
| Other Investing Activities | 443.00K | 1.18M | 57.00K | 213.00K | 148.00K | -411.00K |
| Investing Cash Flow | -43.98M | -35.76M | -27.47M | -27.16M | -18.75M | -21.53M |
| Short-Term Debt Issued | 58.35M | 45.29M | ||||
| Long-Term Debt Issued | 10.78M | |||||
| Total Debt Issued | 76.64M | 58.35M | 10.78M | 45.29M | ||
| Short-Term Debt Repaid | -8.29M | -3.48M | ||||
| Long-Term Debt Repaid | -30.43M | -25.62M | -18.45M | -11.36M | -6.47M | |
| Total Debt Repaid | -37.17M | -30.43M | -33.91M | -18.45M | -11.36M | -9.95M |
| Net Debt Issued (Repaid) | 39.48M | 27.91M | -23.13M | 26.84M | -11.36M | -9.95M |
| Issuance of Common Stock | 1.87M | 1.80M | 49.10M | 1.58M | 16.95M | 47.66M |
| Repurchase of Common Stock | -25.22M | -24.03M | -34.49M | -5.58M | -3.34M | -582.00K |
| Other Financing Activities | -437.00K | -1.38M | -2.30M | -77.00K | ||
| Financing Cash Flow | 15.69M | 4.30M | -10.82M | 22.84M | 2.25M | 37.05M |
| Net Cash Flow | -5.05M | 4.37M | -13.99M | 7.41M | -7.34M | 20.23M |
| Free Cash Flow | 12.56M | 33.43M | 23.68M | 9.63M | 8.27M | 3.81M |
| Free Cash Flow Margin | 2.38% | 6.82% | 5.55% | 2.78% | 3.16% | 2.54% |
| Free Cash Flow Per Share | 0.75 | 2.00 | 1.47 | 0.77 | 0.71 | 0.50 |
| Levered Free Cash Flow | 29.11M | 44.69M | 29.74M | 9.41M | 24.79M | 2.56M |
| Unlevered Free Cash Flow | 35.51M | 49.38M | 34.23M | 12.11M | 26.07M | 3.14M |
| Cash Interest Paid | 9.99M | 7.71M | 6.55M | 4.21M | 1.90M | 887.00K |
| Cash Income Tax Paid | 2.13M | 702.00K | 8.45M | 1.13M | 400.00K | 1.92M |
| Change in Working Capital | -83.08M | -61.65M | -14.46M | -332.00K | -6.05M | -8.37M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 743.69M | 573.66M | 437.37M | 520.32M | 295.39M | 240.31M |
| Enterprise Value | 1.02B | 728.66M | 569.39M | 616.92M | 314.69M | 221.65M |
| Last Close Price | 42.90 | 33.02 | 24.95 | 35.52 | 21.85 | 21.25 |
| PE Ratio | 101.28 | 46.91 | 155.98 | 69.96 | 988.94 | |
| Forward PE | 28.20 | 34.67 | 98.15 | 78.64 | 35.24 | 62.48 |
| PS Ratio | 1.41 | 1.17 | 1.02 | 1.50 | 1.13 | 1.60 |
| PB Ratio | 2.88 | 2.20 | 1.78 | 3.19 | 2.40 | 3.06 |
| P/TBV Ratio | 9.50 | 25.27 | 7.08 | 6.38 | ||
| P/FCF Ratio | 59.22 | 17.16 | 18.47 | 54.04 | 35.73 | 63.04 |
| P/OCF Ratio | 32.00 | 16.01 | 18.00 | 44.39 | 32.21 | 50.95 |
| PEG Ratio | 1.79 | 5.69 | ||||
| EV/Sales Ratio | 1.93 | 1.49 | 1.33 | 1.78 | 1.20 | 1.48 |
| EV/EBITDA Ratio | 21.83 | 15.68 | 21.93 | 34.94 | 18.20 | 34.58 |
| EV/EBIT Ratio | 63.93 | 38.51 | 62.46 | 5,832.80 | ||
| EV/FCF Ratio | 81.04 | 21.79 | 24.05 | 64.07 | 38.06 | 58.14 |
| Debt / Equity Ratio | 1.11 | 0.93 | 0.61 | 0.86 | 0.66 | 0.36 |
| Debt / EBITDA Ratio | 6.03 | 5.21 | 5.79 | 7.96 | 4.60 | 4.37 |
| Debt / FCF Ratio | 22.66 | 7.24 | 6.35 | 14.61 | 9.80 | 7.35 |
| Net Debt / Equity Ratio | 1.07 | 0.89 | 0.58 | 0.73 | 0.55 | 0.09 |
| Net Debt / EBITDA Ratio | 5.88 | 4.97 | 5.54 | 6.80 | 3.92 | 1.15 |
| Net Debt / FCF Ratio | 21.82 | 6.91 | 6.07 | 12.46 | 8.19 | 1.94 |
| Asset Turnover | 0.91 | 0.90 | 0.94 | 1.05 | 1.33 | 1.49 |
| Quick Ratio | 0.83 | 0.91 | 1.15 | 1.12 | 1.36 | 2.08 |
| Current Ratio | 0.90 | 0.99 | 1.31 | 1.22 | 1.48 | 2.27 |
| Return on Equity (ROE) | 2.92% | 5.07% | 1.48% | -4.63% | 4.97% | 0.63% |
| Return on Assets (ROA) | 1.72% | 2.18% | -0.34% | -0.20% | 1.60% | 0.02% |
| Return on Invested Capital (ROIC) | 3.12% | 4.29% | -0.74% | -0.45% | 3.65% | 0.06% |
| Return on Capital Employed (ROCE) | 4.40% | 5.20% | -0.70% | -0.40% | 2.70% | 0.00% |
| Earnings Yield | 0.99% | 2.24% | 0.69% | -1.27% | 1.69% | 0.12% |
| FCF Yield | 1.69% | 5.83% | 5.41% | 1.85% | 2.80% | 1.59% |
| Buyback Yield / Dilution | 1.31% | -3.81% | -29.15% | -6.91% | -53.02% | -41.08% |