Bowman Consulting Group Ltd.
NASDAQ•BWMN
CEO: Mr. Gary P. Bowman
Sector: Industrials
Industry: Engineering & Construction
Listing Date: 2021-05-07
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. The company was incorporated in 1995 and is headquartered in Reston, Virginia.
Contact Information
Market Cap
$595.67M
P/E (TTM)
33.7
42.4
Dividend Yield
--
52W High
$45.83
52W Low
$17.90
52W Range
3.8
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 3.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2024
Financial Dashboard
Q3 2025 Data
Revenue
$126.03M+10.62%
4-Quarter Trend
EPS
$0.38+775.58%
4-Quarter Trend
FCF
$10.12M+53.93%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Revenue Growth Strong Gross contract revenue reached $361.1M for nine months, marking 15.3% growth over prior year period.
Net Income Rebounds Swung to $10.9M net income for nine months, reversing prior $2.9M net loss, showing strong profitability turnaround.
Adjusted EBITDA Rises Adjusted EBITDA grew 24.7% to $53.0M for nine months, reflecting improved operational efficiency and margin expansion.
Backlog Expansion Continues Backlog increased 12.2% to $447.7M as of September 30, 2025, signaling future revenue visibility.
Risk Factors
Variable Consideration Risk Contracts contain variable consideration; estimates impact revenue recognition, requiring management judgment on unpriced claims.
Credit Facility Covenants Must maintain fixed charge coverage and leverage ratios under the Revolving Credit Facility agreements.
EGC Status Ending Company loses Emerging Growth Company status December 31, 2026, requiring full public company compliance.
Reliance on Estimates Financial results rely on estimates for contract progress, contingent consideration, and expected credit losses.
Outlook
Post-Period Acquisitions Completed three acquisitions post-period for $7.4M consideration, expanding geographic regions and service lines immediately.
Credit Facility Expansion Revolving Credit Facility increased to $210.0M via Second Amendment, expanding banking syndicate post-period.
Focus on Workforce Revenue Strategic focus remains on increasing revenue derived from own workforce over pass-through costs for better margins.
Natural Resources Growth Expected Expect continued growth in natural resources and imaging markets driven by recent and future acquisitions.
Peer Comparison
Revenue (TTM)
RYI$4.47B
$1.48B
GLDD$834.60M
Gross Margin (Latest Quarter)
57.9%
47.6%
32.5%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| GLDD | $852.71M | 10.4 | 16.8% | 42.0% |
| GNK | $763.24M | 49.6 | 1.7% | 9.5% |
| NPK | $708.95M | 17.0 | 11.4% | 5.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+3.6%
Moderate Growth
4Q Net Income CAGR
+3.9%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $126.03M+10.6%|EPS: $0.38+775.6%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 7, 2025|Revenue: $122.09M+16.8%|EPS: $0.35-369.2%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 7, 2025|Revenue: $112.93M+19.0%|EPS: $-0.11+0.0%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 12, 2025|Revenue: $426.56M+23.2%|EPS: $0.18+134.0%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 7, 2024|Revenue: $113.93M+20.6%|EPS: $0.04-46.4%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 7, 2024|Revenue: $104.50M+26.3%|EPS: $-0.13+151.9%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 7, 2024|Revenue: $94.91M+24.7%|EPS: $-0.11-377.1%MissForm 10-K/A - FY 2023
Period End: Dec 31, 2023|Filed: Mar 21, 2024|Revenue: $346.26M+32.3%|EPS: $-0.53-235.9%Miss