Bowman Consulting Group (BWMN) AI Stock Analysis

• Market Cap: $471.15M
• Dividend Yield: N/A
• Average Volume (3M): 76.77K
• Price to Earnings (P/E): 184.6
• Beta (1Y): 0.91
• Revenue Growth: 21.78%
• EPS Growth: N/A
• Country: US
• Employees: 2,300
• Sector: Industrials
• Sector Strength: 85
• Industry: Engineering & Construction
• EPS (TTM): 0.07
• Shares Outstanding: 17,233,068
• 10 Day Avg. Volume: 86,356
• 30 Day Avg. Volume: 76,774
• PEG Ratio: 0.00
• Price to Book (P/B): -6.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 28.91
• Enterprise Value/Market Cap: 0.32
• Enterprise Value/Revenue: 0.09
• Enterprise Value/Gross Profit: 0.70
• Enterprise Value/Ebitda: 1.63
• 1Y Price Target: $32.75
• Price Target Upside: 19.79% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 72 Outperform
• Price Target: $28.00 ▲(2.41%Upside)

Bowman Consulting Group is positioned well with strong revenue growth and effective cash management. Technical indicators suggest the stock is in an upward trend, but caution is advised due to potential overvaluation. The positive sentiment from the earnings call bolsters confidence, despite ongoing net loss challenges and margin pressures. The overall outlook is favorable, yet tempered by valuation concerns.

Positive Factors

Backlog Growth

The backlog at year-end stood at $399mn, representing a 30% year-over-year increase.

Earnings

Bowman reported a better-than-expected Q4: Adj. EBITDA of $17mn, which was 4% above consensus expectations.

Share Repurchase

Bowman repurchased $34.4mn in shares over 2024 and repurchased an additional $4.1mn after year end.

Negative Factors

Interest Rate Exposure

Revenue exposure to interest-rate sensitive buildings work is around 40%, which could pose risks for organic growth.

Market Uncertainty

The price objective was lowered to $30.50 from $36.50 to account for greater uncertainty in construction markets.

Bowman Consulting Group Business Overview & Revenue Model

Company Description

Bowman Consulting Group (BWMN) is a professional services firm that offers a range of engineering, surveying, environmental, and land planning services. The company serves various sectors including residential, commercial, energy, transportation, and water resources. With a focus on delivering high-quality solutions tailored to meet the specific needs of its clients, Bowman Consulting Group aims to support infrastructure and development projects across the United States.

How the Company Makes Money

Bowman Consulting Group makes money through fees charged for its professional services, which include engineering design, land surveying, environmental consulting, and land planning. The company's revenue streams are primarily driven by contracts with clients in sectors such as residential and commercial real estate development, energy, and infrastructure. Bowman Consulting Group benefits from long-term relationships and recurring business with a diverse client base, ranging from private developers to government agencies. Strategic partnerships and collaborations with other firms can also play a role in expanding its service offerings and client reach, thereby contributing to its earnings.

Bowman Consulting Group Financial Statement Overview

Summary

Bowman Consulting Group shows strong revenue growth and effective cash management, with a promising trajectory. The income statement highlights robust revenue growth but low net profit margins. The balance sheet is stable with moderate leverage, and cash flow is strong with effective cash conversion. Overall, the financial health is stable with positive growth prospects.

Income Statement

Bowman Consulting Group has demonstrated strong revenue growth, with a TTM (Trailing-Twelve-Months) revenue of $444.6M, significantly up from $261.7M in 2022. The gross profit margin remains robust at 49.1%, indicating effective cost management. However, the net profit margin is relatively low at 0.6%, and EBIT margins have been volatile, reflecting operational challenges.

Balance Sheet

The company's balance sheet shows a healthy equity ratio of 46.2%, indicating strong asset backing by equity. However, the debt-to-equity ratio is 0.46, which is moderate and suggests manageable leverage. Despite the stable stockholder's equity, slight increases in total debt may pose future risks.

Cash Flow

Bowman Consulting Group's cash flow is strong, with a TTM free cash flow of $29.5M, a healthy growth from previous years. The operating cash flow to net income ratio of 11.9 indicates effective cash conversion, and the free cash flow to net income ratio is 10.3, showcasing efficient cash management.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
444.59M	426.56M	346.26M	261.71M	149.97M	122.02M
	Gross Profit
218.44M	222.80M	176.03M	135.13M	75.44M	55.51M
	EBIT
1.75M	-2.00M	-656.00K	5.12M	160.00K	1.87M
	EBITDA
30.29M	25.97M	17.66M	17.29M	6.41M	4.04M
	Net Income Common Stockholders
2.85M	2.80M	-6.62M	5.00M	299.00K	990.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
10.70M	6.70M	20.69M	13.28M	20.62M	386.00K
	Total Assets
528.75M	505.88M	402.79M	255.76M	138.17M	63.64M
	Total Debt
112.24M	150.44M	140.69M	81.03M	28.01M	18.90M
	Net Debt
101.54M	143.74M	120.00M	67.75M	7.39M	18.51M
	Total Liabilities
284.63M	259.77M	239.50M	132.90M	59.76M	46.50M
	Stockholders Equity
244.12M	246.12M	163.28M	122.86M	78.41M	17.14M
Cash Flow		Free Cash Flow
29.48M	23.68M	9.63M	8.27M	3.81M	9.43M
	Operating Cash Flow
33.82M	24.30M	11.72M	9.17M	4.72M	10.77M
	Investing Cash Flow
-26.47M	-27.47M	-27.16M	-18.75M	-21.53M	-2.41M
	Financing Cash Flow
-8.32M	-10.82M	22.84M	2.25M	37.05M	-8.48M

Bowman Consulting Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BWMN, the sentiment is Positive. The current price of 27.34 is above the 20-day moving average (MA) of 26.22, above the 50-day MA of 24.22, and above the 200-day MA of 23.88, indicating a bullish trend. The MACD of 0.91 indicates Negative momentum. The RSI at 66.82 is Neutral, neither overbought nor oversold. The STOCH value of 67.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BWMN.

Bowman Consulting Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVEE	80 Outperform	$1.52B	47.15	3.79%	―	8.65%	-22.72%
WLDN	79 Outperform	$833.13M	34.04	10.78%	―	12.40%	81.98%
ORN	76 Outperform	$335.02M	138.17	2.25%	―	15.58%	―
AMRC	73 Outperform	$869.54M	16.29	5.64%	―	30.13%	-7.60%
BWMN	72 Outperform	$471.15M	184.60	1.25%	―	21.78%	―
Sector *	66 Neutral	$4.50B	12.26	5.40%	3.65%	4.17%	-12.02%
MTRX	56 Neutral	$343.47M	―	-14.26%	―	-0.29%	-6.77%

Bowman Consulting Group Corporate Events

Bowman Consulting Announces New Share Repurchase Program

On June 6, 2025, Bowman Consulting Group announced a new share repurchase program, allowing the company to buy back up to $25 million of its common stock over the next 12 months starting June 9, 2025. This program replaces the previous authorization and reflects Bowman’s strategic focus on organic and acquisitive growth. The repurchases will be based on market conditions and capital priorities, with no obligation to repurchase a specific amount, providing flexibility in execution.

The most recent analyst rating on (BWMN) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Bowman Consulting Group stock, see the BWMN Stock Forecast page.

Bowman Consulting Group Appoints New Chairman

On May 24, 2025, Bowman Consulting Group Ltd. held its annual meeting of stockholders, where Gary Bowman and Stephen Riddick were re-elected as directors for terms expiring in 2028. The Board of Directors decided to separate the roles of chairman and CEO, appointing James Laurito as the new chairman while Gary Bowman continues as CEO. This move aims to strengthen governance as the company transitions from an emerging growth company. Additionally, stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (BWMN) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Bowman Consulting Group stock, see the BWMN Stock Forecast page.

Bowman Consulting Appoints Virginia Grebbien as New Director

On April 3, 2025, Bowman Consulting Group Ltd. appointed Virginia L. Grebbien as a Class II director, filling a vacancy from a previous resignation. Grebbien, with over 30 years of experience in the water sector and a notable tenure at Parsons Corporation, will also serve on the Compensation and Nominating and Corporate Governance Committees starting May 23, 2025. Her extensive background in technology, natural resources, and public policy is expected to enhance Bowman’s strategic direction and governance, contributing to the company’s ongoing innovation and growth.