Saturday 17 October 2026 Export BOW’s income statement to Excel — free account

Bowhead Specialty Holdings Inc.

BOW Financial Insurance Property & Casualty

Bowhead Specialty Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $551.6 million, up 29.6% from fiscal 2024. In the quarter to June 2026, revenue grew 23.0%, EPS grew 33.3% and free cash flow fell 13.9%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for three.

34.19 0.18 +0.53%

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Market cap: $1.1B
P/E: 18.5×
Fwd P/E: 12.9×
Dividend yield: —
F-score: 3/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 33.56%

Capital & Financial Ratios $m

Market Cap 1,120.00

Revenue 615.16

Net Income 62.17

Free Cash Flow 328.81

Net Debt (18.25)

Current Ratio 0.48

Debt/Equity 0.31

P/E ratio 18.48

Fwd P/E 12.90

P/S ratio 1.83

P/B ratio 2.38

Past 5Y EPS Growth —

This Y EPS Growth 21.59%

Next Y EPS Growth 21.20%

Next Y revenue growth (68.34%)

Next 5Y EPS Growth 19.61%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	120	222	234	165
Receivables	296	472	679	820
Inventory	—	—	—	—
Other	—	—	—	—
	416	694	913	985

	2023	2024	2025	Q'26
Payables	816	1,256	1,748	2,032
ST’ Debt	—	—	—	—
Other	—	—	—	—
	831	1,274	1,767	2,044

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	43.26%
Cash Flow	—	—	22.22%
Earnings	—	—	68.43%
Book Value	—	—	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	156	164	—	—	—
’25	123	133	144	152	552
’24	91	99	117	119	426
’23	—	65	76	—	283

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	65	94	—	—	—
’25	48	109	115	60	332
’24	42	72	119	61	294
’23	—	87	88	61	236

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	64	93	—	—	—
’25	46	107	113	59	326
’24	41	71	118	61	291
’23	—	85	87	60	232

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.48	0.48	—	—	—
’25	0.34	0.36	0.45	0.44	1.59
’24	0.29	0.20	0.36	0.41	1.29
’23	—	0.27	0.36	—	1.04

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	—	22.14	23.50	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	—	37.81	42.29
People
People	Employees	—	—	—	—	—	—	—	216	249	296
	Revenue/emp, $m	—	—	—	—	—	—	0.00	1.31	1.71	1.86
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	188	283	426	552
	Gross margin, %	—	—	—	—	—	—	32.33	33.94	33.93	31.73
	EBT	—	—	—	—	—	—	15	32	51	67
	EBT margin, %	—	—	—	—	—	—	7.81	11.33	11.87	12.20
	Net income	—	—	—	—	—	—	11	25	38	54
	Depreciation	—	—	—	—	—	—	1	(1)	0	1
Per share, $
Per share, $	Revenue	—	—	—	—	—	—	7.82	11.81	14.55	16.85
	Earnings	—	—	—	—	—	—	0.47	1.04	1.29	1.59
	Cash flow	—	—	—	—	—	—	7.57	9.84	10.06	10.13
	Capex	—	—	—	—	—	—	(0.17)	(0.16)	(0.11)	(0.17)
	Free cash flow	—	—	—	—	—	—	7.40	9.68	9.95	9.96
	Book value	—	—	—	—	—	—	0.00	8.00	12.65	13.69
	Shares, m	—	—	—	—	—	—	24	24	29	33
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	22.25	22.25	28.14	17.95
	P/S	—	—	—	—	—	—	0.00	0.00	2.44	1.69
	P/B	—	—	—	—	—	—	2.97	2.97	2.81	2.08
	EV/Sales	—	—	—	—	—	—	0.00	0.00	1.92	1.54
	EV/FCF	—	—	—	—	—	—	1.65	1.65	2.81	2.60
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	—	—	182	236	294	332
	Capex	—	—	—	—	—	—	(4)	(4)	(3)	(6)
	Free cash flow	—	—	—	—	—	—	178	232	291	326
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	—	—	(415)	(580)	(855)
	Total debt	—	—	—	—	—	—	—	—	—	146
	Net debt	—	—	—	—	—	—	—	(120)	(222)	(87)
	Shareholders’ equity	—	—	—	—	—	—	—	192	370	448
Returns, %
Returns, %	ROA	—	—	—	—	—	—	0.00	4.87	2.85	2.67
	ROIC	—	—	—	—	—	—	0.00	28.29	23.35	12.60
	ROE	—	—	—	—	—	—	0.00	0.00	13.60	13.14

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
STC Stewart Information Services Corporation	$1.6B	11.5×	12.3×	+24.52% (above 0%: growing)	+7.08% (above 0%: growing)	−12.37% (below 0%: shrinking)	64.98%	9.41%	Compare
SAFT Safety Insurance Group, Inc.	$1.5B	22.4×	— (loss-making)	+2.95% (above 0%: growing)	+21.03% (above 0%: growing)	+16.88% (above 0%: growing)	14.33%	13.69%	Compare
UFCS United Fire Group, Inc	$1.4B	10.5×	10.8×	+14.38% (above 0%: growing)	+48.28% (above 0%: growing)	−34.70% (below 0%: shrinking)	33.66%	11.76%	Compare
UVE UNIVERSAL INSURANCE HOLDINGS INC	$1.3B	6.0×	8.1×	+6.72% (above 0%: growing)	+71.20% (above 0%: growing)	−4.81% (below 0%: shrinking)	26.79%	19.11%	Compare
ASIC Ategrity Specialty Insurance Company Holdings	$1.3B	12.3×	10.2×	+45.89% (above 0%: growing)	+75.00% (above 0%: growing)	+47.83% (above 0%: growing)	31.87%	31.28%	Compare
TRUP Trupanion, Inc.	$1.2B	52.1×	40.6×	+11.14% (above 0%: growing)	−27.27% (below 0%: shrinking)	+59.01% (above 0%: growing)	16.58%	1.62%	Compare
BOW Bowhead Specialty Holdings Inc.	$1.1B	18.5×	12.9×	+22.96% (above 0%: growing)	+33.33% (above 0%: growing)	−13.86% (below 0%: shrinking)	29.19%	13.09%
HRTG Heritage Insurance Holdings, Inc.	$1.1B	5.1×	5.1×	+2.96% (above 0%: growing)	+32.90% (above 0%: growing)	+237.57% (above 0%: growing)	50.25%	39.15%	Compare
HIPO Hippo Holdings Inc.	$930.5M	7.4×	70.4×	+23.36% (above 0%: growing)	+660.00% (above 0%: growing)	+86.85% (above 0%: growing)	100.00%	8.02%	Compare
Median of peers	$1.3B	11.0×	10.8×	+12.76%	+40.59%	+32.36%	32.77%	12.73%

All 45 Insurance Property & Casualty stocks →

Bowhead Specialty Holdings Inc. (BOW) key facts

Strength: Bowhead Specialty Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $551.6 million, up 29.6% from fiscal 2024.
Bowhead Specialty Holdings Inc. (BOW) is an Insurance Property & Casualty company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, BOW traded at $34.19, a market capitalization of $1.1 billion.
Return on equity was 13.1% and debt-to-equity 0.31.
Its Piotroski F-score is 3 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.