Ameresco, Inc. (AMRC) vs Bowman Consulting Group Ltd. (BWMN)

Ameresco, Inc. and Bowman Consulting Group Ltd. are both Engineering & Construction companies. Ameresco, Inc. is the larger, with a market value of $1.2B against $737.7M — 1.6× the size. Ameresco, Inc. trades at the lower P/E: 40.5× against 101×. Bowman Consulting Group Ltd. grew revenue faster over the last twelve months: 14.2% against 8.89%. Ameresco, Inc. has the higher net margin (1.40% vs 1.32%) and the higher return on invested capital (2.76% vs 2.52%). Across the 21 metrics below, Bowman Consulting Group Ltd. leads on 11 and Ameresco, Inc. on 10.

Valuation

Metric AMRC BWMN Engineering & Construction median
P/E 40.53 101.36 28.59
P/S 0.56 1.33 1.15
P/B 0.84 2.73 3.96
Price to free cash flow n/m 52.30 25.24
EV/EBITDA 11.14 17.90 14.87
EV/Sales 1.42 1.67 1.42
Earnings yield 2.47% 0.99% 2.47%
Free cash flow yield (9.20%) 1.91% 1.91%

Profitability

Metric AMRC BWMN Engineering & Construction median
Gross margin 16.13% 53.36% 18.76%
Operating margin 6.72% 3.36% 6.26%
Net margin 1.40% 1.32% 2.23%
Free cash flow margin (5.13%) 2.54% 1.83%
Return on equity 2.34% 2.75% 7.90%
Return on assets 0.62% 1.20% 0.87%
Return on invested capital 2.76% 2.52% 2.52%

Growth

Metric AMRC BWMN Engineering & Construction median
Revenue growth (TTM) 8.89% 14.16% 16.67%
EPS growth (last fiscal year) (22.43%) 329.41% —
Revenue growth, 5-year CAGR 13.36% 32.06% 11.76%
Net income growth, 5-year CAGR (3.91%) 67.23% 0.00%

Health

Metric AMRC BWMN Engineering & Construction median
Debt to equity 1.45 0.75 0.40
Current ratio 1.67 0.90 1.39
Net debt to EBITDA 7.35 2.95 0.38

Dividend

Metric AMRC BWMN Engineering & Construction median
Dividend yield — — 0.65%
Payout ratio 0.00 0.00 0.00

Size

Metric AMRC BWMN Engineering & Construction median
Market cap 1.15b 737.72m 1.31b

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