Bowman Consulting Group (BWMN) AI Stock Analysis

• Market Cap: $595.38M
• Dividend Yield: N/A
• Average Volume (3M): 118.71K
• Price to Earnings (P/E): 36.0
• Beta (1Y): 1.18
• Revenue Growth: 16.73%
• EPS Growth: N/A
• Country: US
• Employees: 2,300
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.61
• Shares Outstanding: 17,373,129
• 10 Day Avg. Volume: 151,222
• 30 Day Avg. Volume: 118,707
• PEG Ratio: -1.05
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 0.92
• P/FCF Ratio: 16.60
• Enterprise Value/Market Cap: 1.46
• Enterprise Value/Revenue: 1.84
• Enterprise Value/Gross Profit: 3.57
• Enterprise Value/Ebitda: 20.35
• 1Y Price Target: $47.00
• Price Target Upside: 37.15% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 1.58
• Revenue Forecast (FY): $436.28M

• Rating: 59 Neutral
• Price Target: $36.00 ▲(5.05% Upside)

Bowman Consulting Group's overall stock score is driven by strong earnings call results, highlighting significant revenue growth and profitability improvements. However, financial performance is hindered by declining revenue and modest margins, while technical analysis indicates bearish trends. The stock's high P/E ratio suggests it is overvalued, impacting its valuation score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for Bowman's services and suggests the company is effectively expanding its market presence.

Backlog Expansion

An increasing backlog reflects strong future demand and provides revenue visibility, supporting long-term growth prospects.

Cash Flow Management

Strong cash flow generation enhances financial flexibility, allowing Bowman to invest in growth opportunities and manage debt effectively.

Negative Factors

Revenue Decline

A significant revenue decline can hinder profitability and growth, necessitating strategic adjustments to reverse the trend.

Low Return on Equity

Low returns on equity indicate inefficiencies in generating profits from shareholder investments, potentially affecting investor confidence.

SG&A Expense Increase

Rising SG&A expenses can pressure margins if not controlled, impacting overall profitability and operational efficiency.

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 its consulting services, which encompass engineering, planning, environmental assessments, and land surveying. The company charges clients on a fee-for-service basis, where fees are determined by the scope and complexity of projects. Key revenue streams include contracts with government agencies for public infrastructure projects, private sector projects in real estate and development, and specialized environmental consulting services. Additionally, Bowman may enter into strategic partnerships with other firms or government entities, which can enhance its service offerings and expand its project portfolio, further contributing to its earnings.

Bowman Consulting Group Financial Statement Overview

Summary

Bowman Consulting Group faces challenges with declining revenue and modest profitability margins, impacting its income statement score. The balance sheet is stable with a balanced debt-to-equity ratio, but returns on equity are low. The cash flow statement is a strong point, showing positive free cash flow growth and efficient cash conversion. Overall, the company needs to focus on reversing revenue declines and improving profitability to enhance its financial position.

Income Statement

Bowman Consulting Group's income statement shows a significant decline in revenue, with a TTM revenue growth rate of -75.5%. The gross profit margin remains relatively stable at around 51%, but the net profit margin is low at 2.37%. The EBIT and EBITDA margins are also modest, indicating limited operational efficiency. The company needs to address its revenue decline to improve profitability.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.45, indicating a balanced capital structure. The return on equity is low at 4.45%, suggesting limited returns for shareholders. The equity ratio is not explicitly calculated, but the company's equity position appears stable relative to its assets. Overall, the balance sheet is stable but shows room for improvement in generating shareholder returns.

Cash Flow

The cash flow statement shows positive free cash flow growth of 11.46% in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio is 0.23, and the free cash flow to net income ratio is 0.88, suggesting efficient cash conversion. The company demonstrates strong cash flow management, which is a positive aspect of its financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	474.28M	426.56M	346.26M	261.71M	149.97M	122.02M
Gross Profit	243.95M	222.80M	176.03M	135.13M	75.44M	55.51M
EBITDA	42.78M	25.97M	17.66M	17.29M	6.41M	4.04M
Net Income	16.48M	2.80M	-6.62M	5.00M	299.00K	990.00K
Balance Sheet
Total Assets	510.18M	505.88M	402.79M	255.76M	138.17M	63.64M
Cash, Cash Equivalents and Short-Term Investments	16.22M	6.70M	20.69M	13.28M	20.62M	386.00K
Total Debt	171.22M	150.44M	140.69M	81.03M	28.01M	18.90M
Total Liabilities	248.37M	259.77M	239.50M	132.90M	59.76M	46.50M
Stockholders Equity	261.81M	246.12M	163.28M	122.86M	78.41M	17.14M
Cash Flow
Free Cash Flow	34.48M	23.68M	9.63M	8.27M	3.81M	9.85M
Operating Cash Flow	38.39M	24.30M	11.72M	9.17M	4.72M	10.77M
Investing Cash Flow	-5.26M	-27.47M	-27.16M	-18.75M	-21.53M	-2.41M
Financing Cash Flow	-28.57M	-10.82M	22.84M	2.25M	37.05M	-8.48M

Bowman Consulting Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 34.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BWMN, the sentiment is Neutral. The current price of 34.27 is below the 20-day moving average (MA) of 37.22, below the 50-day MA of 40.47, and above the 200-day MA of 31.25, indicating a neutral trend. The MACD of -2.34 indicates Positive momentum. The RSI at 38.53 is Neutral, neither overbought nor oversold. The STOCH value of 28.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BWMN.

Bowman Consulting Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GLDD	76 Outperform	$820.75M	10.18	17.37%	―	12.53%	35.68%
LMB	68 Neutral	$775.74M	22.02	22.61%	―	16.56%	35.80%
ORN	64 Neutral	$371.08M	38.54	6.31%	―	7.02%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BWMN	59 Neutral	$595.38M	36.04	6.31%	―	16.73%	―
BBCP	56 Neutral	$315.54M	37.75	3.32%	―	-8.98%	-38.23%
MTRX	47 Neutral	$428.61M	-14.39	-16.33%	―	17.16%	24.10%

Bowman Consulting Group Corporate Events

Bowman Consulting Group Reports Strong Q3 2025 Results

Bowman Consulting Group Ltd., a national engineering services firm, provides infrastructure engineering, technical services, and project management solutions across the United States. In its third-quarter 2025 earnings report, Bowman announced a significant milestone, surpassing a $500 million annualized gross revenue pace for the first time. The company also highlighted its strategic acquisitions to enhance its power and data center practices. Key financial metrics for the third quarter of 2025 showed an 11% increase in gross contract revenue and net service billing compared to the same period in 2024. Net income rose significantly to $6.6 million from $0.8 million, while adjusted EBITDA increased by 7.6% to $18.3 million. For the first nine months of 2025, Bowman reported a 15% increase in gross contract revenue and a 14% increase in net service billing year-over-year. The company also turned a net income of $10.9 million compared to a net loss of $2.9 million in the previous year. Looking ahead, Bowman remains optimistic about its growth prospects, with guidance for 2026 projecting net revenue between $465 million and $480 million and an adjusted EBITDA margin of 17.0% to 17.5%. The company plans to continue leveraging innovation and strategic investments to enhance shareholder value.

Bowman Consulting Group Expands Credit Agreement for Growth

On October 30, 2025, Bowman Consulting Group Ltd. announced a Second Amendment to its Credit Agreement, increasing its revolving commitment to $210 million and allowing for the dissolution of inactive subsidiaries. This amendment, involving Bank of America, TD Bank, and PNC Bank, is expected to support Bowman’s strategic growth initiatives. Additionally, Bowman reported strong financial results for the third quarter of 2025, with significant revenue and net income growth compared to the previous year. The company also expanded its power and data center practices through acquisitions, enhancing its service offerings and positioning for future growth. Bowman’s financial guidance for 2025 and 2026 indicates continued confidence in scaling its operations and increasing shareholder value.

The most recent analyst rating on (BWMN) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Bowman Consulting Group stock, see the BWMN Stock Forecast page.

Bowman Consulting’s Record Earnings and Future Outlook

Bowman Consulting Group’s recent earnings call painted a picture of robust financial health, marked by record revenues and impressive organic growth across its segments. The company showcased a strong balance sheet and innovative investments, though concerns linger around cash flow variability and potential margin pressures due to rising labor costs. Adjustments in stock-based compensation suggest structural changes in employee incentives, adding another layer to the company’s evolving financial landscape.

Bowman Consulting Reports Record Q2 2025 Results

Bowman Consulting Group Ltd., a national engineering services and program management firm, provides infrastructure engineering, technical services, and project management solutions across various regulated markets in the United States.