Bowman Consulting Group vs Exponent
Exponent is the larger business, with $582m of revenue in fiscal 2025 against $490m for Bowman Consulting Group (1.2 times as much). Bowman Consulting Group grew faster (14.9% against 4.2%). Exponent kept more of each dollar of sales as profit: a net margin of 18.2% against 2.6%. Exponent carries less debt relative to equity (0.0% against 58.6%).
| Latest fiscal year | Bowman Consulting GroupBWMN, 2025 | ExponentEXPO, 2025 |
|---|---|---|
| Revenue | $490m | $582m |
| Revenue growth | 14.9% | 4.2% |
| Net income | $12.8m | $106m |
| Operating margin | 4.0% | 20.6% |
| Net margin | 2.6% | 18.2% |
| Return on equity | 5.1% | 26.1% |
| Free cash flow | $33.4m | $122m |
| Cash | $11.1m | $222m |
| Total debt | $153m | $0 |
| Debt to equity | 58.6% | 0.0% |
| Dividend per share | — | $1.20 |
| Dividend yield | — | 1.4% |
| Share buybacks | $18.8m | $97.1m |
| Employees | 2,300 | — |
| Market value | $740m | $4.24bn |
| Price vs our value range | — | Above our value range |
| Moat score | 19 (Weak) | 77 (Strong) |
| Insider trades, 12 months | 0 buys, 14 sales | 1 buys, 22 sales |