(BWMN) Bowman Consulting - Overview

Sector: Industrials | Industry: Engineering & Construction | Exchange: NASDAQ (USA) | Market Cap: 540m USD | Total Return: 24.6% in 12m

Civil Engineering, Surveying, Program Management, Technical Consulting
Total Rating 27
Safety 42
Buy Signal -1.06
Engineering & Construction
Industry Rotation: -5.6
Market Cap: 540M
Avg Turnover: 4.13M
Risk 3d forecast
Volatility44.8%
VaR 5th Pctl7.79%
VaR vs Median5.67%
Reward TTM
Sharpe Ratio0.65
Rel. Str. IBD26.6
Rel. Str. Peer Group36.4
Character TTM
Beta1.352
Beta Downside1.736
Hurst Exponent0.460
Drawdowns 3y
Max DD56.21%
CAGR/Max DD0.08
CAGR/Mean DD0.19
EPS (Earnings per Share) EPS (Earnings per Share) of BWMN over the last years for every Quarter: "2021-03": 0.17, "2021-06": 0.14, "2021-09": 0.03, "2021-12": -0.07, "2022-03": 0.12, "2022-06": -0.03, "2022-09": 0.25, "2022-12": 0.03, "2023-03": 0.04, "2023-06": -0.05, "2023-09": 0.08, "2023-12": -0.59, "2024-03": -0.11, "2024-06": -0.03, "2024-09": 0.3, "2024-12": 0.33, "2025-03": -0.11, "2025-06": 0.34, "2025-09": 0.61, "2025-12": 0.45, "2026-03": 0.14,
Last SUE: -0.92
Qual. Beats: -1
Revenue Revenue of BWMN over the last years for every Quarter: 2021-03: 31.802, 2021-06: 36.524, 2021-09: 39.715, 2021-12: 41.929, 2022-03: 52.461, 2022-06: 62.399, 2022-09: 71.246, 2022-12: 75.609, 2023-03: 76.1, 2023-06: 82.755, 2023-09: 94.434, 2023-12: 92.966, 2024-03: 94.907, 2024-06: 104.501, 2024-09: 113.932, 2024-12: 113.223, 2025-03: 112.931, 2025-06: 122.09, 2025-09: 126.033, 2025-12: 128.963, 2026-03: 126.479,
Rev. CAGR: 19.82%
Rev. Trend: 99.1%
Last SUE: -0.89
Qual. Beats: -1

Warnings

High Debt/EBITDA (6.7) with thin interest coverage (1.6)

Altman Z'' -0.05 < 1.0 - financial distress zone

Below Avwap Earnings

Tailwinds

No distinct edge detected

Description: BWMN Bowman Consulting

Bowman Consulting Group Ltd. (BWMN) is a professional services firm providing multi-disciplinary engineering, technical consulting, and program management across the United States. Founded in 1995 and based in Reston, Virginia, the company serves diverse end markets including transportation, energy, utilities, and digital infrastructure.

The company operates within the broader engineering and construction (E&C) sector, utilizing a fee-for-service business model that scales through both organic project wins and strategic acquisitions. Unlike traditional construction firms, BWMN focuses on the high-margin planning and design phases, offering specialized services such as geospatial imaging, LiDAR mapping, and environmental compliance.

Its portfolio extends to mission-critical infrastructure, including data center design, grid resiliency planning, and LNG pipeline systems. The firm integrates digital delivery tools, such as AI-enabled feasibility studies and digital twin technology, to provide predictive lifecycle cost analysis for complex infrastructure assets.

Analyzing the underlying financial metrics on ValueRay can help clarify how these service offerings translate into long-term shareholder value.

Headlines to Watch Out For
  • Public sector infrastructure spending increases drive long-term engineering service contract growth
  • Strategic acquisitions accelerate geographic expansion and diversify technical service capabilities
  • Grid modernization and renewable energy projects fuel utility sector revenue expansion
  • Higher interest rates reduce private sector demand for land development services
  • Tight labor markets for specialized engineers increase operating costs and margin pressure
Piotroski VR-10 (Strict) 4.0
Net Income: 10.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.19 > 1.0
NWC/Revenue: -3.15% < 20% (prev 8.63%; Δ -11.78% < -1%)
CFO/TA 0.06 > 3% & CFO 35.4m > Net Income 10.6m
Net Debt (331.8m) to EBITDA (49.6m): 6.69 < 3
Current Ratio: 0.93 > 1.5 & < 3
Outstanding Shares: last quarter (16.5m) vs 12m ago 0.60% < -2%
Gross Margin: 46.34% > 18% (prev 0.52%; Δ 4.58k% > 0.5%)
Asset Turnover: 90.04% > 50% (prev 84.08%; Δ 5.96% > 0%)
Interest Coverage Ratio: 1.61 > 6 (EBITDA TTM 49.6m / Interest Expense TTM 12.5m)
Altman Z'' -0.05
A: -0.03 (Total Current Assets 222.1m - Total Current Liabilities 237.9m) / Total Assets 589.8m
B: -0.02 (Retained Earnings -14.2m / Total Assets 589.8m)
C: 0.04 (EBIT TTM 20.2m / Avg Total Assets 559.3m)
D: -0.04 (Book Value of Equity -13.1m / Total Liabilities 338.9m)
Altman-Z'' = -0.05 = B
Beneish M -3.09
DSRI: 0.76 (Receivables 135.9m/158.8m, Revenue 503.6m/444.6m)
GMI: 1.13 (GM 46.34% / 52.38%)
AQI: 0.94 (AQ_t 0.46 / AQ_t-1 0.48)
SGI: 1.13 (Revenue 503.6m / 444.6m)
TATA: -0.04 (NI 10.6m - CFO 35.4m) / TA 589.8m)
Beneish M = -3.09 (Cap -4..+1) = AA
What is the price of BWMN shares?

As of May 25, 2026, the stock is trading at USD 31.73 with a total of 99,786 shares traded.
Over the past week, the price has changed by +1.83%, over one month by -0.41%, over three months by -2.13% and over the past year by +24.58%.

Is BWMN a buy, sell or hold?

Bowman Consulting has received a consensus analysts rating of 4.83. Therefore, it is recommended to buy BWMN.

  • StrongBuy: 5
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the BWMN price?
Analysts Target Price 48.3 52.3%
Bowman Consulting (BWMN) - Fundamental Data Overview as of 22 May 2026
Market Cap USD = 539.9m (539.9m USD * 1.0 USD.USD)
P/E Trailing = 49.7339
P/E Forward = 35.5872
P/S = 1.0721
P/B = 2.1611
Revenue TTM = 503.6m USD
EBIT TTM = 20.2m USD
EBITDA TTM = 49.6m USD
Long Term Debt = 29.3m USD (from longTermDebt, last quarter)
Short Term Debt = 155.8m USD (from shortTermDebt, last quarter)
Debt = 343.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 92.4m
Net Debt = 331.8m USD (calculated: Debt 343.8m - CCE 12.0m)
Enterprise Value = 871.6m USD (539.9m + Debt 343.8m - CCE 12.0m)
Interest Coverage Ratio = 1.61 (Ebit TTM 20.2m / Interest Expense TTM 12.5m)
EV/FCF = 27.44x (Enterprise Value 871.6m / FCF TTM 31.8m)
FCF Yield = 3.64% (FCF TTM 31.8m / Enterprise Value 871.6m)
FCF Margin = 6.31% (FCF TTM 31.8m / Revenue TTM 503.6m)
Net Margin = 2.10% (Net Income TTM 10.6m / Revenue TTM 503.6m)
Gross Margin = 46.34% ((Revenue TTM 503.6m - Cost of Revenue TTM 270.2m) / Revenue TTM)
Gross Margin QoQ = 45.45% (prev 38.98%)
Tobins Q-Ratio = 1.48 (Enterprise Value 871.6m / Total Assets 589.8m)
Interest Expense / Debt = 3.64% (Interest Expense 12.5m / Debt 343.8m)
Taxrate = 21.0% (US default 21%)
NOPAT = 15.9m (EBIT 20.2m * (1 - 21.00%))
Current Ratio = 0.93 (Total Current Assets 222.1m / Total Current Liabilities 237.9m)
Debt / Equity = 1.37 (Debt 343.8m / totalStockholderEquity, last quarter 250.9m)
Debt / EBITDA = 6.69 (Net Debt 331.8m / EBITDA 49.6m)
Debt / FCF = 10.45 (Net Debt 331.8m / FCF TTM 31.8m)
Total Stockholder Equity = 255.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.89% (Net Income 10.6m / Total Assets 589.8m)
RoE = 3.92% (Net Income TTM 10.6m / Total Stockholder Equity 270.1m)
RoCE = 6.74% (EBIT 20.2m / Capital Employed (Equity 270.1m + L.T.Debt 29.3m))
RoIC = 3.22% (NOPAT 15.9m / Invested Capital 495.6m)
WACC = 7.68% (E(539.9m)/V(883.7m) * Re(10.74%) + D(343.8m)/V(883.7m) * Rd(3.64%) * (1-Tc(0.21)))
Discount Rate = 10.74% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 51.11 | Cagr: 10.88%
[DCF] Terminal Value 76.40% ; FCFF base≈30.8m ; Y1≈33.0m ; Y5≈39.5m
[DCF] Fair Price = 15.71 (EV 606.9m - Net Debt 331.8m = Equity 275.1m / Shares 17.5m; r=8.35% [WACC [floored]]; 5y FCF grow 7.72% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.92 | # QB: -1
Revenue Correlation: 99.14 | Revenue CAGR: 19.82% | SUE: -0.89 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.46 | Chg30d=-14.40% | Revisions=-56% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.50 | Chg30d=-4.71% | Revisions=-11% | Analysts=5
EPS current Year (2026-12-31): EPS=1.70 | Chg30d=-1.37% | Revisions=+11% | GrowthEPS=+1.1% | GrowthRev=+21.0%
EPS next Year (2027-12-31): EPS=2.37 | Chg30d=+4.00% | Revisions=+25% | GrowthEPS=+39.6% | GrowthRev=+18.5%
[Analyst] Revisions Ratio: -56%