Bowman Consulting Group (BWMN) AI Stock Analysis

• Market Cap: $535.78M
• Dividend Yield: N/A
• Average Volume (3M): 94.96K
• Price to Earnings (P/E): 205.7
• Beta (1Y): 0.88
• Revenue Growth: 21.78%
• EPS Growth: N/A
• Country: US
• Employees: 2,300
• Sector: Industrials
• Sector Strength: 92
• Industry: Engineering & Construction
• EPS (TTM): 0.07
• Shares Outstanding: 17,233,068
• 10 Day Avg. Volume: 91,115
• 30 Day Avg. Volume: 94,963
• 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: 0.28
• Enterprise Value/Revenue: 0.09
• Enterprise Value/Gross Profit: 0.70
• Enterprise Value/Ebitda: 1.63
• 1Y Price Target: $32.67
• Price Target Upside: 5.08% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 72 Outperform
• Price Target: $28.00 ▼(-9.94%Downside)

Bowman Consulting Group demonstrates strong financial performance and positive earnings call sentiment, contributing significantly to the overall score. Technical analysis indicates overbought conditions, and valuation concerns due to a high P/E ratio moderate the overall outlook.

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 Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals. The company also provides construction management services, including constructability review, value engineering, budgeting and cost estimating, interagency and utility coordination, onsite observation and report evaluation, public communication and outreach, and resident engineer services, as well as bid solicitation, documentation, and preparation services; and environmental consulting services consisting of wetlands and waters of the U.S. delineations, natural resources inventories, wildlife and vegetation surveys, threatened and endangered species surveys, endangered species conservation and management, wetland creation and enhancement design, NEPA documentation, section 404/401 permitting and compliance, NPDES permitting, and phase I environmental site assessment. In addition, it offers landscape architecture, land procurement and right-of-way acquisition, structural engineering, surveying and geospatial engineering, and transportation and water resources engineering services, as well as mechanical, electrical, and plumbing engineering services. Bowman Consulting Group Ltd. was incorporated in 1995 and is headquartered in Reston, Virginia.

How the Company Makes Money

Bowman Consulting Group generates revenue primarily through fee-based services offered in engineering, land surveying, and consulting. The company's revenue streams are driven by project-based contracts with clients across various industries, including real estate development, infrastructure, energy, and public sector projects. Revenue is earned by providing expertise and delivering services such as site planning, civil engineering design, environmental assessments, and land surveying. Bowman may also form strategic partnerships with other firms to enhance service offerings and expand market reach, 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
EBITDA	30.29M	25.97M	17.66M	17.29M	6.41M	4.04M
Net Income	2.85M	2.80M	-6.62M	5.00M	299.00K	990.00K
Balance Sheet
Total Assets	528.75M	505.88M	402.79M	255.76M	138.17M	63.64M
Cash, Cash Equivalents and Short-Term Investments	10.70M	6.70M	20.69M	13.28M	20.62M	386.00K
Total Debt	112.24M	150.44M	140.69M	81.03M	28.01M	18.90M
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: 31.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 31.09 is above the 20-day moving average (MA) of 28.65, above the 50-day MA of 26.56, and above the 200-day MA of 24.32, indicating a bullish trend. The MACD of 1.14 indicates Negative momentum. The RSI at 69.63 is Neutral, neither overbought nor oversold. The STOCH value of 80.96 is Negative, 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	$1.57B	47.34	3.79%	―	8.65%	-22.72%
WLDN	74 Outperform	$1.05B	43.78	10.78%	―	12.40%	81.98%
BWMN	72 Outperform	$535.78M	205.67	1.25%	―	21.78%	―
AMRC	71 Outperform	$864.80M	17.50	5.64%	―	30.13%	-7.60%
ORN	70 Outperform	$342.14M	139.97	2.25%	―	15.58%	―
Sector *	65 Neutral	$10.89B	15.56	5.22%	1.87%	3.09%	-26.84%
MTRX	63 Neutral	$369.15M	―	-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.