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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
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.
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.
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.
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.
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.
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.
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.
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.
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
Earnings & Revenue
Bowman Consulting Group Ltd. generated $490.0M in revenue in fiscal year 2025. This represents an increase of 14.9% from the prior year.
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.
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.
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
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.
Bowman Consulting Group Ltd. held $11.1M in cash against $57.6M in long-term debt as of fiscal year 2025.
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
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.
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.
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.
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
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.
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
What is Bowman Consulting Group Ltd.'s annual revenue?
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.
How fast is Bowman Consulting Group Ltd.'s revenue growing?
Bowman Consulting Group Ltd. (BWMN) revenue grew by 14.9% year-over-year, from $426.6M to $490.0M in fiscal year 2025.
Is Bowman Consulting Group Ltd. profitable?
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%.
What is Bowman Consulting Group Ltd.'s EBITDA?
Bowman Consulting Group Ltd. (BWMN) had EBITDA of $36.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bowman Consulting Group Ltd. have?
As of fiscal year 2025, Bowman Consulting Group Ltd. (BWMN) had $11.1M in cash and equivalents against $57.6M in long-term debt.
What is Bowman Consulting Group Ltd.'s gross margin?
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.
What is Bowman Consulting Group Ltd.'s operating margin?
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.
What is Bowman Consulting Group Ltd.'s net profit margin?
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.
What is Bowman Consulting Group Ltd.'s return on equity (ROE)?
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.
What is Bowman Consulting Group Ltd.'s free cash flow?
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.
What is Bowman Consulting Group Ltd.'s operating cash flow?
Bowman Consulting Group Ltd. (BWMN) generated $35.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bowman Consulting Group Ltd.'s total assets?
Bowman Consulting Group Ltd. (BWMN) had $579.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bowman Consulting Group Ltd.'s capital expenditures?
Bowman Consulting Group Ltd. (BWMN) invested $2.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Bowman Consulting Group Ltd.'s current ratio?
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.
What is Bowman Consulting Group Ltd.'s debt-to-equity ratio?
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.
What is Bowman Consulting Group Ltd.'s return on assets (ROA)?
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.
What is Bowman Consulting Group Ltd.'s Altman Z-Score?
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.
What is Bowman Consulting Group Ltd.'s Piotroski F-Score?
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.
Are Bowman Consulting Group Ltd.'s earnings high quality?
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.
How financially healthy is Bowman Consulting Group Ltd.?
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.