Saturday 17 October 2026
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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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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | 22.14 | 23.50 |
Analyst estimates 2026–2028 Powerpack |
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| 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.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Bowhead Specialty Holdings Inc. vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier
| 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% |
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.