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Friday 6 November 2026
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Bowman Consulting Group Ltd.
BWMN Industrials Engineering & Construction
Bowman Consulting Group Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $490.0 million, up 14.9% from fiscal 2024.
- Revenue
- +18.0%
- EPS
- −131.6%
- Free cash flow
- −457.9%
- Total debt
- +106.4%
Quarter to September 2026, against a year earlier
42.99
0.06
+0.14%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 114 | 122 | 150 | 262 | 346 | 427 | 490 | 550 | +27.6% | 594 | 701 | — | +19.6% | |
| Gross margin, % | — | — | — | 47.80 | 45.49 | 50.30 | 51.63 | 50.84 | 52.23 | 53.37 | 52.98 | +5.6 pt | ||||||
| EBT | — | — | — | 3 | 2 | (1) | 2 | (6) | (9) | 11 | (1) | +27.8% | ||||||
| EBT margin, % | — | — | — | 2.25 | 1.62 | (0.85) | 0.66 | (1.86) | (2.10) | 2.28 | (0.14) | 0.0 pt | ||||||
| Net income | — | 0 | — | 1 | 1 | 0 | 5 | (7) | 3 | 13 | (1) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 11.35 | 22.60 | 19.93 | 24.04 | 27.72 | 27.08 | 29.85 | 33.37 | +17.5% | |||||
| Earnings | — | — | — | 0.15 | 0.18 | 0.03 | 0.39 | (0.53) | 0.18 | 0.74 | (0.08) | +30.5% | ||||||
| Cash flow | — | — | — | 0.82 | 1.99 | 0.63 | 0.84 | 0.94 | 1.54 | 2.18 | 1.13 | +17.7% | ||||||
| Capex | — | — | — | 0.00 | (0.15) | (0.10) | (0.08) | (0.13) | (0.20) | (0.11) | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | 0.82 | 1.84 | 0.52 | 0.76 | 0.80 | 1.35 | 2.08 | 1.13 | +16.7% | ||||||
| Book value | — | — | — | 1.33 | 3.17 | 10.42 | 11.28 | 13.07 | 15.62 | 15.91 | 16.00 | +51.2% | ||||||
| Shares, m | — | — | — | 10 | 5 | 8 | 11 | 12 | 16 | 16 | 16 | +8.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 50.52 | 50.52 | 303.57 | 53.95 | 0.00 | 178.21 | 45.23 | 0.00 | 97.4 | |||||
| P/S | — | — | — | 0.57 | 0.57 | 1.07 | 0.85 | 1.25 | 0.92 | 1.11 | 1.29 | 0.9 | ||||||
| P/B | — | — | — | 3.87 | 3.87 | 2.04 | 1.82 | 2.64 | 1.60 | 2.08 | 2.69 | 2.6 | ||||||
| EV/Sales | — | — | — | 0.71 | 0.71 | 1.12 | 1.00 | 1.40 | 1.08 | 1.40 | 1.63 | 1.1 | ||||||
| EV/FCF | — | — | — | 7.94 | 7.94 | 42.47 | 31.66 | 48.25 | 19.10 | 20.07 | 102.41 | 25.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 8 | 11 | 5 | 9 | 12 | 24 | 36 | 19 | +27.8% | |||||
| Capex | — | — | — | (3) | (1) | (1) | (1) | (2) | (3) | (2) | (10) | (10.5%) | ||||||
| Free cash flow | — | — | — | 8 | 10 | 4 | 8 | 10 | 21 | 34 | 19 | +26.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 10 | 12 | 42 | 33 | 28 | 42 | (2) | (25) | n/m | |||||
| Net debt | — | — | — | 12 | 13 | 7 | 40 | 53 | 68 | 142 | 188 | +50.6% | ||||||
| Shareholders’ equity | — | — | — | 13 | 17 | 78 | 123 | 163 | 246 | 261 | 264 | +64.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 4.34 | 1.42 | 0.24 | 2.14 | (2.01) | 0.62 | 2.25 | (0.23) | (2.1) pt | |||||
| ROIC | — | — | — | 0.00 | 3.82 | 0.12 | 1.97 | (0.19) | (0.40) | 3.05 | 2.19 | +3.1 pt | ||||||
| ROE | — | — | — | (53.46) | (30.43) | 0.51 | 4.20 | (4.63) | 1.37 | 4.82 | (0.51) | +58.3 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 750 | 1,000 | 1,600 | 2,000 | 2,200 | 2,300 | — | +25.1% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.16 | 0.15 | 0.16 | 0.17 | 0.19 | 0.21 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
Bowman Consulting Group Ltd. vs peers in Engineering & Construction (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 |
|---|---|---|---|---|---|---|---|---|---|
| WLDN Willdan Group, Inc. | $1.1B | 16.0× | 20.2× | +33.18% (above 0%: growing) | +51.40% (above 0%: growing) | +82.02% (above 0%: growing) | 37.85% | 8.54% | Compare |
| AMRC Ameresco, Inc. | $1.0B | 36.1× | 18.5× | +9.14% (above 0%: growing) | −25.00% (below 0%: shrinking) | −81.22% (below 0%: shrinking) | 17.71% | 8.57% | Compare |
| BWMN Bowman Consulting Group Ltd. | $745.4M | 102× | 58.6× | +19.69% (above 0%: growing) | n/m | −457.88% (below 0%: shrinking) | 53.20% | 5.57% | |
| CDNL Cardinal Infrastructure Group Inc. | $597.5M | — | — | — | — | −728.05% (below 0%: shrinking) | 15.88% | 6.82% | Compare |
| ITG ITG Inc. | $525.2M | — | — | — | — | — | 17.81% | 5.58% | Compare |
| BBCP CONCRETE PUMPING HOLDINGS, INC. | $479.8M | 56.4× | 51.2× | +12.63% (above 0%: growing) | +28.57% (above 0%: growing) | −28.85% (below 0%: shrinking) | 38.74% | 12.92% | Compare |
| PHOE Phoenix Asia Holdings Limited | $396.2M | — | — | — | — | −1,148.32% (below 0%: shrinking) | — | — | Compare |
| ORN Orion Group Holdings, Inc. | $280.1M | 45.9× | 35.0× | +13.80% (above 0%: growing) | +68.88% (above 0%: growing) | −141.07% (below 0%: shrinking) | 12.94% | 3.33% | Compare |
| OPAL OPAL Fuels Inc. | $239.3M | — (loss-making) | 5.8× | +3.66% (above 0%: growing) | n/m | +43.29% (above 0%: growing) | 29.34% | (3.61%) | Compare |
| Median of peers | $502.5M | 41.0× | 20.2× | +12.63% | +39.99% | −81.22% | 17.81% | 6.82% |
Pay and ownership Proxy statement filed 28 April 2026
Ownership
Directors and executive officers, together
17.50%
FMR LLC
15.90%
Gary Bowman
13.30%
BlackRock, Inc.
8.80%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement