BWMN Stock Analysis: Bowman Consulting | NASDAQ

Civil Engineering, Environmental Consulting, Geospatial Imaging, Surveying

Total Rating 45

Safety 68

Buy Signal 1.28

Engineering & Construction
Industry Rotation: +0.5

Market Cap: 738M
Avg Turnover: 14.2M

Risk 3d forecast

Volatility44.3%

VaR 5^th Pctl7.38%

VaR vs Median1.06%

Reward TTM

Sharpe Ratio0.30

Rel. Str. IBD84.4

Rel. Str. Peer Group87.4

Character TTM

Beta1.095

Beta Downside0.883

Hurst Exponent0.486

Drawdowns 3y

Max DD56.21%

CAGR/Max DD0.30

CAGR/Mean DD0.68

EPS (Earnings per Share)

EPS CAGR: 57.73%
EPS Trend: 84.2%

Last SUE: -0.59
Qual. Beats: 0

Revenue

Rev. CAGR: 18.40%
Rev. Trend: 99.3%

Last SUE: 0.11
Qual. Beats: 0

Warnings

P/E Ratio 101.4

Altman Z'' In Financial Distress Zone

Tailwinds

Supp Ema8

Rs Leader

Idiosyncratic Leader

Confidence

Seasonality 5.2 years of data

Jan +1.9% 20

Feb -3.7% 22

Mar +0.2% 0

Apr -0.7% 0

May -2.1% 25

Jun -0.4% 9

Jul +8.7% 30

Aug -6.3% 0

Sep -4.7% 24

Oct -6.2% 22

Nov +18.3% 25

Dec -0.0% 0

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: BWMN Bowman Consulting

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a U.S.-based engineering, technical consulting, and program management firm headquartered in Reston, Virginia, founded in 1995. The company operates as a professional services provider, generating revenue through fee-based contracts with public agencies, utilities, and private developers across multiple infrastructure end-markets. It is classified within the Industrials sector and trades as a small-cap stock following its May 2021 IPO.

The companys service portfolio spans three broad areas: traditional infrastructure engineering (site/civil design, structural, MEP, transportation, ports, aviation, and bridge inspection); energy and utility infrastructure (LNG pipeline systems, power generation facility design, grid resiliency planning, data center feasibility, utility undergrounding, and transmission corridor design); and asset management services (geospatial imaging, drone inspection, LiDAR, GIS mapping, right-of-way acquisition, and digital tools such as AI-enabled feasibility studies and digital twin technology).

The business model is project-driven and benefits from multi-year tailwinds in U.S. infrastructure spending, including federal initiatives supporting grid modernization, transportation upgrades, and data center expansion. Revenue is tied to demand for outsourced technical consulting rather than product sales, exposing the firm to public-sector budget cycles and private-sector capital expenditure trends.

Headlines to Watch Out For

IIJA infrastructure spending accelerates transportation and utility revenue
Data center design pipeline expands amid AI and cloud buildout
Acquisition-driven growth pressures margins as labor costs rise

Piotroski VR-10 (Strict) 3.0

Net Income: 7.07m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA -3.82 > 1.0
NWC/Revenue: -4.85% < 20% (prev 8.91%; Δ -13.75% < -1%)
CFO/TA 0.04 > 3% & CFO 23.2m > Net Income 7.07m
Net Debt (366.5m) to EBITDA (48.2m): 7.61 < 3
Current Ratio: 0.90 > 1.5 & < 3
Outstanding Shares: last quarter (16.6m) vs 12m ago 0.09% < -2%
Gross Margin: 46.54% > 18% (prev 52.70%; Δ -6.16% > 0.5%)
Asset Turnover: 91.10% > 50% (prev 85.87%; Δ 5.23% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM)

Altman Z'' 0.65

A: -0.04 (Total Current Assets 235.5m - Total Current Liabilities 261.1m) / Total Assets 620.1m
B: -0.02 (Retained Earnings -11.7m / Total Assets 620.1m)
C: 0.04 (EBIT TTM 20.6m / Avg Total Assets 579.2m)
D: 0.71 (Book Value of Equity 256.5m / Total Liabilities 363.6m)
Altman-Z'' = 0.65 = B

Beneish M -3.08

DSRI: 0.74 (Receivables 140.6m/166.9m, Revenue 527.6m/462.2m)
GMI: 1.13 (GM 52.70% / 46.54%)
AQI: 0.91 (AQ_t 0.43 / AQ_t-1 0.47)
SGI: 1.14 (Revenue 527.6m / 462.2m)
TATA: -0.03 (NI 7.07m - CFO 23.2m) / TA 620.1m)
Beneish M = -3.08 (Cap -4..+1) = AA

What is the price of BWMN shares?

As of September 11, 2026, the stock is trading at USD 42.51 with a total of 354,966 shares traded. Over the past week, the price has changed by -0.21%, over one month by +0.21%, over three months by +38.79% and over the past year by +4.27%.

Current recommended Stop Loss: 41.70 (which is 1.9% or 1.3 ATR below the current price).

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	43	1.2%

Bowman Consulting (BWMN) - Fundamental Data Overview as of 04 September 2026

Market Cap USD = 738.4m (738.4m USD * 1.0 USD.USD)
P/E Trailing = 101.4286
P/E Forward = 29.8507
P/S = 1.3996
P/B = 2.8789
Revenue TTM = 527.6m USD
EBIT TTM = 20.6m USD
EBITDA TTM = 48.2m USD
Long Term Debt = 34.3m USD (from longTermDebt, last fiscal year)
Short Term Debt = 187.4m USD (from shortTermDebt, last quarter)
Debt = 377.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 92.4m
Net Debt = 366.5m USD (calculated: Debt 377.0m - CCE 10.5m)
Enterprise Value = 1.10b USD (738.4m + Debt 377.0m - CCE 10.5m)
Interest Coverage Ratio = unknown (Ebit TTM 20.6m / Interest Expense TTM 0.0)
EV/FCF = 92.55x (Enterprise Value 1.10b / FCF TTM 11.9m)
FCF Yield = 1.08% (FCF TTM 11.9m / Enterprise Value 1.10b)
FCF Margin = 2.26% (FCF TTM 11.9m / Revenue TTM 527.6m)
Net Margin = 1.34% (Net Income TTM 7.07m / Revenue TTM 527.6m)
Gross Margin = 46.54% ((Revenue TTM 527.6m - Cost of Revenue TTM 282.1m) / Revenue TTM)
Gross Margin QoQ = 53.20% (prev 45.45%)
Tobins Q-Ratio = 1.78 (Enterprise Value 1.10b / Total Assets 620.1m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 377.0m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 16.3m (EBIT 20.6m * (1 - 21.00%))
Current Ratio = 0.90 (Total Current Assets 235.5m / Total Current Liabilities 261.1m)
Debt / Equity = 1.47 (Debt 377.0m / totalStockholderEquity, last quarter 256.5m)
Debt / EBITDA = 7.61 (Net Debt 366.5m / EBITDA 48.2m)
Debt / FCF = 30.70 (Net Debt 366.5m / FCF TTM 11.9m)
Total Stockholder Equity = 257.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.22% (Net Income 7.07m / Total Assets 620.1m)
RoE = 2.75% (Net Income TTM 7.07m / Total Stockholder Equity 257.6m)
RoCE = 7.07% (EBIT 20.6m / Capital Employed (Equity 257.6m + L.T.Debt 34.3m))
RoIC = 3.04% (NOPAT 16.3m / Invested Capital 535.9m)
WACC = 6.51% (E(738.4m)/V(1.12b) * Re(9.84%) + D(377.0m)/V(1.12b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 9.84% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.37 | Cagr: 8.47%
[DCF] Terminal Value 73.10% ; FCFF base≈19.5m ; Y1≈17.1m ; Y5≈13.8m
[DCF] Fair Price = N/A (negative equity: EV 222.2m - Net Debt 366.5m = -144.3m; debt exceeds intrinsic value)
EPS Correlation: 84.24 | EPS CAGR: 57.73% | SUE: -0.59 | # QB: 0
Revenue Correlation: 99.30 | Revenue CAGR: 18.40% | SUE: 0.11 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.55 | Chg30d=+10.40% | Revisions=-12% | Analysts=3
EPS current Year (2026-12-31): EPS=1.95 | Chg30d=+14.40% | Revisions=+12% | GrowthEPS=+15.8% | GrowthRev=+21.3%
EPS next Year (2027-12-31): EPS=2.48 | Chg30d=+4.35% | Revisions=+29% | GrowthEPS=+27.4% | GrowthRev=+18.0%
[Analyst] Revisions Ratio: +12% (up=8, down=6)