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Bowman Consulting Group vs Forrester Research

Bowman Consulting Group is the larger business, with $490m of revenue in fiscal 2025 against $397m for Forrester Research (1.2 times as much). Bowman Consulting Group grew faster (14.9% against -8.2%). Bowman Consulting Group kept more of each dollar of sales as profit: a net margin of 2.6% against -30.1%.

Latest fiscal yearBowman Consulting GroupBWMN, 2025Forrester ResearchFORR, 2025
Revenue $490m $397m
Revenue growth 14.9% -8.2%
Net income $12.8m −$119m
Operating margin 4.0% —
Net margin 2.6% -30.1%
Return on equity 5.1% -67.0%
Free cash flow $33.4m $18.1m
Cash $11.1m $63.3m
Total debt $153m $35.0m
Debt to equity 58.6% —
Dividend per share — —
Dividend yield — —
Share buybacks $18.8m $2.5m
Employees 2,300 —
Market value $740m $187m
Price vs our value range — Above our value range
Moat score 19 (Weak) 41 (Weak)
Insider trades, 12 months 0 buys, 14 sales 0 buys, 3 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.