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Bowman Consulting Group Ltd. Financials

BWMN
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Bowman Consulting Group Ltd. (BWMN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 44 / 100
Financial Profile 44/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
31

Bowman Consulting Group Ltd. has an operating margin of 4.0%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 31/100, indicating healthy but not exceptional operating efficiency. This is up from -0.5% the prior year.

Growth
58

Bowman Consulting Group Ltd.'s revenue grew 14.9% year-over-year to $490.0M, a solid pace of expansion. This earns a growth score of 58/100.

Leverage
98

Bowman Consulting Group Ltd. carries a low D/E ratio of 0.22, meaning only $0.22 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
15

Bowman Consulting Group Ltd.'s current ratio of 0.99 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 15/100, which could limit financial flexibility.

Cash Flow
42

Bowman Consulting Group Ltd. has a free cash flow margin of 6.8%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
22

Bowman Consulting Group Ltd. generates a 4.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is up from 1.2% the prior year.

Altman Z-Score Grey Zone
1.88

Bowman Consulting Group Ltd. scores 1.88, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($507.7M) relative to total liabilities ($318.6M). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Strong
7/9

Bowman Consulting Group Ltd. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.79x

For every $1 of reported earnings, Bowman Consulting Group Ltd. generates $2.79 in operating cash flow ($35.8M OCF vs $12.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$490.0M
YoY+14.9%
5Y CAGR+32.1%

Bowman Consulting Group Ltd. generated $490.0M in revenue in fiscal year 2025. This represents an increase of 14.9% from the prior year.

EBITDA
$36.9M
YoY+195.8%
5Y CAGR+56.7%

Bowman Consulting Group Ltd.'s EBITDA was $36.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 195.8% from the prior year.

Net Income
$12.8M
YoY+323.5%
5Y CAGR+67.0%

Bowman Consulting Group Ltd. reported $12.8M in net income in fiscal year 2025. This represents an increase of 323.5% from the prior year.

EPS (Diluted)
$0.73
YoY+329.4%
5Y CAGR+33.8%

Bowman Consulting Group Ltd. earned $0.73 per diluted share (EPS) in fiscal year 2025. This represents an increase of 329.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$33.4M
YoY+41.2%
5Y CAGR+27.7%

Bowman Consulting Group Ltd. generated $33.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 41.2% from the prior year.

Cash & Debt
$11.1M
YoY+65.2%
5Y CAGR+95.7%

Bowman Consulting Group Ltd. held $11.1M in cash against $57.6M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
17M
YoY-1.1%
5Y CAGR+24.5%

Bowman Consulting Group Ltd. had 17M shares outstanding in fiscal year 2025. This represents a decrease of 1.1% from the prior year.

Margins & Returns

Gross Margin
53.4%
YoY+1.1pp
5Y CAGR+7.9pp

Bowman Consulting Group Ltd.'s gross margin was 53.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.

Operating Margin
4.0%
YoY+4.5pp
5Y CAGR+2.5pp

Bowman Consulting Group Ltd.'s operating margin was 4.0% in fiscal year 2025, reflecting core business profitability. This is up 4.5 percentage points from the prior year.

Net Margin
2.6%
YoY+1.9pp
5Y CAGR+1.8pp

Bowman Consulting Group Ltd.'s net profit margin was 2.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.

Return on Equity
4.9%
YoY+3.7pp
5Y CAGR-0.9pp

Bowman Consulting Group Ltd.'s ROE was 4.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$18.8M
YoY-19.5%
5Y CAGR+71.7%

Bowman Consulting Group Ltd. spent $18.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 19.5% from the prior year.

Capital Expenditures
$2.4M
YoY+282.3%
5Y CAGR+21.0%

Bowman Consulting Group Ltd. invested $2.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 282.3% from the prior year.

BWMN Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $129.0M+2.3% $126.0M+3.2% $122.1M+8.1% $112.9M-0.3% $113.2M-0.6% $113.9M+9.0% $104.5M+10.1% $94.9M
Cost of Revenue $58.0M-1.9% $59.1M+4.6% $56.5M+3.1% $54.8M+3.5% $53.0M-2.4% $54.3M+9.4% $49.6M+5.8% $46.9M
Gross Profit $70.9M+6.0% $66.9M+2.1% $65.6M+12.9% $58.1M-3.6% $60.3M+1.0% $59.6M+8.7% $54.9M+14.3% $48.0M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $59.6M+8.1% $55.2M+10.9% $49.8M-1.4% $50.5M-2.3% $51.7M-0.4% $51.9M+5.6% $49.2M+9.9% $44.7M
Operating Income $4.2M-20.8% $5.3M-41.5% $9.0M+696.8% $1.1M-19.6% $1.4M+226.1% $433K+135.1% -$1.2M+52.7% -$2.6M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax -$515K+84.6% -$3.3M-339.0% $1.4M+81.9% $769K+114.1% -$5.4M-184.7% -$1.9M-61.9% -$1.2M+65.8% -$3.5M
Net Income $2.0M-70.3% $6.6M+10.1% $6.0M+444.6% -$1.7M-129.5% $5.9M+665.6% $771K+137.0% -$2.1M-33.6% -$1.6M
EPS (Diluted) N/A $0.37+8.8% $0.34+409.1% $-0.11 N/A $0.04+130.8% $-0.13-18.2% $-0.11

BWMN Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $579.7M+13.6% $510.2M-5.2% $538.2M+1.8% $528.7M+4.5% $505.9M+1.8% $497.0M+7.2% $463.4M+10.2% $420.5M
Current Assets $213.0M-1.8% $216.9M+10.2% $196.7M+4.1% $188.9M+7.0% $176.6M+2.1% $172.9M-1.4% $175.4M+7.7% $162.9M
Cash & Equivalents $11.1M-31.8% $16.2M+4.4% $15.5M+45.2% $10.7M+59.7% $6.7M-42.6% $11.7M-49.6% $23.1M+98.3% $11.7M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $130.6M+5.8% $123.5M+9.1% $113.1M+5.4% $107.4M+2.1% $105.1M-0.3% $105.4M+6.1% $99.4M+3.5% $96.0M
Goodwill $173.6M+26.4% $137.3M+1.0% $135.9M0.0% $135.9M+0.9% $134.7M+0.4% $134.1M+8.5% $123.6M+20.5% $102.5M
Total Liabilities $318.6M+28.3% $248.4M-13.9% $288.6M+1.4% $284.6M+9.6% $259.8M+2.4% $253.8M+11.4% $227.8M-10.1% $253.3M
Current Liabilities $214.7M+28.6% $167.0M+7.4% $155.6M+3.3% $150.6M+11.6% $135.0M+11.7% $120.8M-13.3% $139.3M+3.4% $134.7M
Long-Term Debt $57.6M+93.4% $29.8M-7.0% $32.0M-12.1% $36.4M-4.5% $38.1M+4.9% $36.4M-6.3% $38.8M+44.9% $26.8M
Total Equity $261.1M-0.3% $261.8M+4.9% $249.6M+2.3% $244.1M-0.8% $246.1M+1.2% $243.2M+3.2% $235.6M+40.9% $167.3M
Retained Earnings -$10.5M+15.7% -$12.5M+34.6% -$19.1M+23.9% -$25.1M-7.5% -$23.4M+20.2% -$29.3M+2.6% -$30.1M-7.4% -$28.0M

BWMN Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $9.4M-8.1% $10.2M+139.0% $4.3M-64.6% $12.0M+1.0% $11.9M+75.4% $6.8M+121.4% $3.1M+21.8% $2.5M
Capital Expenditures $1.2M+2035.1% $57K-25.0% $76K-92.7% $1.0M+640.4% -$193K-188.1% $219K-35.2% $338K+29.0% $262K
Free Cash Flow $8.1M-19.6% $10.1M+142.0% $4.2M-61.9% $11.0M-6.3% $11.7M+78.3% $6.6M+140.8% $2.7M+21.0% $2.3M
Investing Cash Flow -$34.3M-8473.9% $410K+540.9% -$93K+94.7% -$1.7M+54.5% -$3.8M-25.4% -$3.1M+82.9% -$17.8M-551.4% -$2.7M
Financing Cash Flow $19.8M+300.1% -$9.9M-1569.9% $674K+110.7% -$6.3M+51.8% -$13.1M+14.3% -$15.2M-158.0% $26.2M+398.4% -$8.8M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $9.3M $0-100.0% $5.4M+30.5% $4.1M-56.3% $9.4M-20.8% $11.9M+469.4% $2.1M $0

BWMN Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 55.0%+1.9pp 53.1%-0.6pp 53.7%+2.3pp 51.4%-1.8pp 53.2%+0.9pp 52.4%-0.2pp 52.5%+1.9pp 50.6%
Operating Margin 3.3%-1.0pp 4.2%-3.2pp 7.4%+6.4pp 1.0%-0.2pp 1.3%+0.9pp 0.4%+1.6pp -1.2%+1.6pp -2.8%
Net Margin 1.5%-3.7pp 5.3%+0.3pp 4.9%+6.5pp -1.5%-6.8pp 5.2%+4.5pp 0.7%+2.7pp -2.0%-0.3pp -1.6%
Return on Equity 0.8%-1.8pp 2.5%+0.1pp 2.4%+3.1pp -0.7%-3.1pp 2.4%+2.1pp 0.3%+1.2pp -0.9%+0.0pp -0.9%
Return on Assets 0.3%-1.0pp 1.3%+0.2pp 1.1%+1.4pp -0.3%-1.5pp 1.2%+1.0pp 0.2%+0.6pp -0.4%-0.1pp -0.4%
Current Ratio 0.99-0.3 1.30+0.0 1.260.0 1.25-0.1 1.31-0.1 1.43+0.2 1.26+0.1 1.21
Debt-to-Equity 0.22+0.1 0.11-0.0 0.13-0.0 0.150.0 0.150.0 0.15-0.0 0.160.0 0.16
FCF Margin 6.3%-1.7pp 8.0%+4.6pp 3.4%-6.3pp 9.7%-0.6pp 10.4%+4.6pp 5.8%+3.2pp 2.6%+0.2pp 2.4%

Note: The current ratio is below 1.0 (0.99), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Bowman Consulting Group Ltd. (BWMN) reported $490.0M in total revenue for fiscal year 2025. This represents a 14.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Bowman Consulting Group Ltd. (BWMN) revenue grew by 14.9% year-over-year, from $426.6M to $490.0M in fiscal year 2025.

Yes, Bowman Consulting Group Ltd. (BWMN) reported a net income of $12.8M in fiscal year 2025, with a net profit margin of 2.6%.

Bowman Consulting Group Ltd. (BWMN) reported diluted earnings per share of $0.73 for fiscal year 2025. This represents a 329.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bowman Consulting Group Ltd. (BWMN) had EBITDA of $36.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Bowman Consulting Group Ltd. (BWMN) had $11.1M in cash and equivalents against $57.6M in long-term debt.

Bowman Consulting Group Ltd. (BWMN) had a gross margin of 53.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Bowman Consulting Group Ltd. (BWMN) had an operating margin of 4.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Bowman Consulting Group Ltd. (BWMN) had a net profit margin of 2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Bowman Consulting Group Ltd. (BWMN) has a return on equity of 4.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Bowman Consulting Group Ltd. (BWMN) generated $33.4M in free cash flow during fiscal year 2025. This represents a 41.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Bowman Consulting Group Ltd. (BWMN) generated $35.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Bowman Consulting Group Ltd. (BWMN) had $579.7M in total assets as of fiscal year 2025, including both current and long-term assets.

Bowman Consulting Group Ltd. (BWMN) invested $2.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Bowman Consulting Group Ltd. (BWMN) spent $18.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Bowman Consulting Group Ltd. (BWMN) had 17M shares outstanding as of fiscal year 2025.

Bowman Consulting Group Ltd. (BWMN) had a current ratio of 0.99 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Bowman Consulting Group Ltd. (BWMN) had a debt-to-equity ratio of 0.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Bowman Consulting Group Ltd. (BWMN) had a return on assets of 2.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Bowman Consulting Group Ltd. (BWMN) has an Altman Z-Score of 1.88, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Bowman Consulting Group Ltd. (BWMN) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Bowman Consulting Group Ltd. (BWMN) has an earnings quality ratio of 2.79x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Bowman Consulting Group Ltd. (BWMN) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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