Saturday 17 October 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. In the quarter to June 2026, revenue grew 19.7%, EPS fell 57.1%, free cash flow fell 457.9% and total debt rose 103.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
42.79
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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 | — | — | — | — | — | 12.60 | 10.76 | 20.03 | 19.93 | 17.90 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 22.82 | 22.46 | 36.74 | 42.90 | 45.83 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 750 | 1,000 | 1,600 | 2,000 | 2,200 | 2,300 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.16 | 0.15 | 0.16 | 0.17 | 0.19 | 0.21 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 114 | 122 | 150 | 262 | 346 | 427 | 490 | ||||
| Gross margin, % | — | — | — | 47.80 | 45.49 | 50.30 | 51.63 | 50.84 | 52.23 | 53.37 | |||||
| EBT | — | — | — | 3 | 2 | (1) | 2 | (6) | (9) | 11 | |||||
| EBT margin, % | — | — | — | 2.25 | 1.62 | (0.85) | 0.66 | (1.86) | (2.10) | 2.28 | |||||
| Net income | — | 0 | — | 1 | 1 | 0 | 5 | (7) | 3 | 13 | |||||
| Depreciation | — | — | — | 1 | 2 | 6 | 13 | 19 | 29 | 29 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | 11.35 | 22.60 | 19.93 | 24.04 | 27.72 | 27.08 | 29.85 | ||||
| Earnings | — | — | — | 0.15 | 0.18 | 0.03 | 0.39 | (0.53) | 0.18 | 0.74 | |||||
| Cash flow | — | — | — | 0.82 | 1.99 | 0.63 | 0.84 | 0.94 | 1.54 | 2.18 | |||||
| Capex | — | — | — | 0.00 | (0.15) | (0.10) | (0.08) | (0.13) | (0.20) | (0.11) | |||||
| Free cash flow | — | — | — | 0.82 | 1.84 | 0.52 | 0.76 | 0.80 | 1.35 | 2.08 | |||||
| Book value | — | — | — | 1.33 | 3.17 | 10.42 | 11.28 | 13.07 | 15.62 | 15.91 | |||||
| Shares, m | — | — | — | 10 | 5 | 8 | 11 | 12 | 16 | 16 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 50.52 | 50.52 | 303.57 | 53.95 | 0.00 | 178.21 | 45.23 | ||||
| P/S | — | — | — | 0.57 | 0.57 | 1.07 | 0.85 | 1.25 | 0.92 | 1.11 | |||||
| P/B | — | — | — | 3.87 | 3.87 | 2.04 | 1.82 | 2.64 | 1.60 | 2.08 | |||||
| EV/Sales | — | — | — | 0.71 | 0.71 | 1.12 | 1.00 | 1.40 | 1.08 | 1.40 | |||||
| EV/FCF | — | — | — | 7.94 | 7.94 | 42.47 | 31.66 | 48.25 | 19.10 | 20.07 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 8 | 11 | 5 | 9 | 12 | 24 | 36 | ||||
| Capex | — | — | — | (3) | (1) | (1) | (1) | (2) | (3) | (2) | |||||
| Free cash flow | — | — | — | 8 | 10 | 4 | 8 | 10 | 21 | 34 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | 10 | 12 | 42 | 33 | 28 | 42 | (2) | ||||
| Total debt | — | — | — | 13 | 14 | 28 | 53 | 73 | 75 | 153 | |||||
| Net debt | — | — | — | 12 | 13 | 7 | 40 | 53 | 68 | 142 | |||||
| Shareholders’ equity | — | — | — | 13 | 17 | 78 | 123 | 163 | 246 | 261 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | 4.34 | 1.42 | 0.24 | 2.14 | (2.01) | 0.62 | 2.25 | ||||
| ROIC | — | — | — | 0.00 | 3.82 | 0.12 | 1.97 | (0.19) | (0.40) | 3.05 | |||||
| ROE | — | — | — | (53.46) | (30.43) | 0.51 | 4.20 | (4.63) | 1.37 | 4.82 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| CDLR Cadeler A/S Sponsored ADR | $2.1B | — (loss-making) | — | +122.12% (above 0%: growing) | n/m | +99.04% (above 0%: growing) | 21.46% | 6.24% | Compare |
| WLDN Willdan Group, Inc. | $1.1B | 16.4× | 25.9× | +33.18% (above 0%: growing) | +51.40% (above 0%: growing) | +82.02% (above 0%: growing) | 37.85% | 8.54% | Compare |
| AMRC Ameresco, Inc. | $1.1B | 36.8× | 27.6× | +9.14% (above 0%: growing) | −25.00% (below 0%: shrinking) | −81.22% (below 0%: shrinking) | 17.71% | 8.57% | Compare |
| CDNL Cardinal Infrastructure Group Inc. | $755.8M | — | — | — | — | −728.05% (below 0%: shrinking) | 15.88% | 6.82% | Compare |
| BWMN Bowman Consulting Group Ltd. | $741.7M | 102× | 37.7× | +19.69% (above 0%: growing) | −57.14% (below 0%: shrinking) | −457.88% (below 0%: shrinking) | 53.20% | 5.57% | |
| BBCP CONCRETE PUMPING HOLDINGS, INC. | $459.6M | 53.4× | 61.4× | +12.63% (above 0%: growing) | +28.57% (above 0%: growing) | −28.85% (below 0%: shrinking) | 38.74% | 12.92% | Compare |
| ORN Orion Group Holdings, Inc. | $355.1M | 89.8× | 41.8× | +8.08% (above 0%: growing) | n/m | −140.87% (below 0%: shrinking) | 10.33% | (0.59%) | Compare |
| PHOE Phoenix Asia Holdings Limited | $351.2M | — | — | — | — | −1,148.32% (below 0%: shrinking) | — | — | Compare |
| MTRX Matrix Service Company | $286.9M | — (loss-making) | 19.5× | +13.01% (above 0%: growing) | n/m | −125.30% (below 0%: shrinking) | 7.97% | (0.36%) | Compare |
| Median of peers | $607.7M | 45.1× | 27.6× | +12.82% | +28.57% | −103.26% | 17.71% | 6.82% |
Bowman Consulting Group Ltd. (BWMN) key facts
- Strength: Bowman Consulting Group Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $490.0 million, up 14.9% from fiscal 2024.
- Bowman Consulting Group Ltd. (BWMN) is an Engineering & Construction company in the Industrials sector, listed on Nasdaq.
- As of October 16, 2026, BWMN traded at $42.79, a market capitalization of $741.7 million.
- Return on equity was 4.82% and debt-to-equity 0.75.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.95 (grey zone) for fiscal 2025.
Bowman Consulting Group Ltd. (BWMN) Latest News
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