BWMNNasdaqServices-Management Consulting Services
Bowman Consulting Group Ltd.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$42.79+0.02 (+0.05%)
Close on Oct 19, 2026
- Market cap
- $710.50M
- P/E (TTM)
- 107.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
53.4%+7.9 pts over 5 years
Operating margin
4.0%+2.5 pts over 5 years
Net margin
2.6%+1.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.9% | +23.3% | +32.1% | – | |
| Gross profit | +17.4% | +24.6% | +36.3% | – | |
| Operating income | – | +56.6% | +60.1% | – | |
| Net income | +323.5% | +36.9% | +67.0% | – | |
| EPS, diluted | +329.4% | +25.4% | +33.8% | – | |
| Free cash flow | +41.2% | +59.3% | +27.7% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -32.2% | 5.1% | |
| Return on assets | – | – | 2.4% | |
| Current ratio | – | 1.50 | 0.99 | |
| Debt to equity | – | 0.17 | 0.13 | |
| Net debt to EBITDA | – | 0.63× | 0.63× | |
| Capex to revenue | – | 0.8% | 0.5% | |
| Diluted shares | – | 5M | 17M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Bowman Consulting generated $85.74M from operations and spent $50.40M on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
$85.74M
Used
$50.40M
Capital expenditure$6.92M14%Dividends$00%Share buybacks$43.48M86%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.6%
×Asset turnover0.90×
×Equity multiplier2.14×
=Return on equity, FY20255.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.6% | 0.90× | 2.14× | 5.1% |
| FY2024 | 0.7% | 0.94× | 2.22× | 1.5% |
| FY2023 | -1.9% | 1.05× | 2.30× | -4.6% |
| FY2022 | 1.9% | 1.33× | 1.96× | 5.0% |
| FY2021 | 0.2% | 1.49× | 2.11× | 0.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$12.85M
- Cash generatingOperating cash flow above zero$35.83M
- Return on assets improvedROA up on the prior year0.8% → 2.5%
- Earnings backed by cashOperating cash flow above net income$35.83M vs $12.85M
- Less leverageLong-term debt to assets fell4.0% → 5.9%
- Better liquidityCurrent ratio rose1.31 → 0.99
- No dilutionShare count did not rise16M → 17M
- Gross margin improvedGross margin up on the prior year52.23% → 53.37%
- More efficientAsset turnover rose1.06 → 0.97