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Bowman Consulting Group Ltd. (BWMN) stock

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NASDAQ: BWMN Nasdaq Research & Consulting Services Next results ~November 4, 2026

C+ Fundamentals grade

Bowman Consulting Group Ltd. is a US-listed company in the research & consulting services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$25

Valuation models combined (3)

Base case. Range ~$15–$40. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Bowman Consulting Group Ltd. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 14 sales by directors and officers, last 12 monthsInsider trades
  • Funds77 adding, 52 cuttingOf 30 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Bowman Consulting Group files

Where Bowman Consulting stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $528m, up 14.2% on a year earlier, faster than the 13.3% growth a quarter earlier. That growth ranks 3 of 24 among the research & consulting services companies we cover. Free-cash-flow margin fell to 2.4% from 7.3% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 6 financial-health checks. Our valuation models combined value is $24.07 a share, against a share price of $42.90.

Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Bowman Consulting Group Ltd.'s trailing-twelve-month revenue grew 14.2% year on year, with a free-cash-flow margin of 2.4%. Where it stands out: revenue growth of 14.2% ranks 5 of 33 research & consulting services companies we cover. Where it lags: days sales outstanding of 97 days ranks 24 of 29 research & consulting services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 62.9% while net income fell 32.6%: a 30pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Bowman Consulting Group Ltd.'s latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • High earnings multiple. The shares trade at 98 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 70% and a beta of 1.4 against the S&P 500.
  • Below peers: days sales outstanding. Days sales outstanding of 97 days ranks 24 of 29 research & consulting services companies we cover (median 63 days).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 3.6% ranks 23 of 30 research & consulting services companies we cover (median 2.6%).

Latest results: FY2026 Q2

Filed August 10, 2026
Earnings per share
$0.62 against an average estimate of $0.46: beat by 35.3%
Revenue
$146m, up 19.7% on a year earlier
Share reaction
+55.6% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.52

Bowman Consulting Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.1%
  • 1 week+0.2%
  • 1 month+0.8%
  • This year+29.9%
  • 1 year-0.2%
  • 5 years+157.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$528M
Operating margin
3.4%
Net margin
1.4%
EPS (TTM, diluted)
$0.44

Growth

Revenue growth
+14.2%
Change in growth rate
+0.9 pts
Share count change
−0.3%

Cash

Free cash flow (TTM)
$12.6M
FCF margin
2.4%
Stock pay % of revenue
3.6%

Earnings

Last results
August 10, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Insider trade
  3. Announcement
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Bowman Consulting Group Ltd. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Bowman Consulting Group Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 9.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.05 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$15 ~$6.9–$21 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$29 ~$33–$51 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$3.2 ~$1.9–$5.4 Left out: out of range vs price (0.08x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity below long-run growth
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$40 ~$30–$52 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$25 ~$15–$40 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bowman Consulting Group Ltd. with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$21.25$21.85$35.52$24.95$33.02$42.89
Market value$162m$255m$444m$402m$553m$720m
+ Net debt (− = net cash)−$3m$24m$53m$68m$142m$171m
Enterprise value$159m$279m$497m$471m$695m$890m
Multiples
Price / sales 1.1x1.0x1.3x0.9x1.1x1.4x
Price / earnings n/m51.0x—132.7x43.0x97.5x
Price / free cash flow 42.6x30.9x46.1x17.0x16.5x57.3x
EV / EBITDA 25.9x20.7x54.8x37.8x18.8x21.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

19 /100

Weak moat

How hard Bowman Consulting Group's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median 0.1% of total assets over 5 years.

  • Pricing power 17 / 20

    Gross margin has been a median 51.4%, moving by 2.0 percentage points (standard deviation) across 6 years.

  • Durability 0 / 20

    Operating margin has been a median 0.9%; its worst year was -1.3%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 6 of 6 years, at a median 2.9% of revenue.

  • Discipline 5 / 20

    The diluted share count rose 198.2% over five years; stock-based pay has been a median 5.8% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (34 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $157m and EPS of $0.52 (range $0.44 to $0.62) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.95 +16% $594m +21%
Next $2.48 +27% $701m +18%

Next year's EPS estimate has moved +4.3% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +14.4% on 90 days ago. In the last 30 days, 4 analysts raised Bowman Consulting Group Ltd.'s forecast and 0 cut it.

Consensus EPS forecast Bowman Consulting Group Ltd., last 90 days
$1.60 $1.80 $2.00 $2.20 $2.40 $2.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.70 Current fiscal year, 60 days ago: $1.95 Current fiscal year, 30 days ago: $1.95 Current fiscal year, 7 days ago: $1.95 Current fiscal year, Now: $1.95 $1.95 Next fiscal year, 90 days ago: $2.38 Next fiscal year, 60 days ago: $2.48 Next fiscal year, 30 days ago: $2.48 Next fiscal year, 7 days ago: $2.48 Next fiscal year, Now: $2.48 $2.48

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.70$2.38
60 days ago $1.95$2.48
30 days ago $1.95$2.48
7 days ago $1.95$2.48
Now $1.95$2.48

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.46 $0.62 +35.3%
Mar 2026 $0.21 $0.14 −32.6%
Dec 2025 $0.39 $0.45 +15.2%
Sept 2025 $0.46 $0.61 +32.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

5 analysts, Oct 2026
Buy120%
Hold360%
Sell120%

Monthly trend

  1. Oct 20261315
  2. Sep 2026415
  3. Aug 2026516

Counts of recommendations published by analysts covering Bowman Consulting Group Ltd., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.6%
of tradable shares
Days to cover
1.29
at average volume
Short interest, 1 month
−13%
to October 15, 2026
Held by institutions
67%
of shares
Held by insiders
16.3%
of shares
Employees
2,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −0.9%

$43.29 on October 31, 2025 to $42.89

ThenNowEffect
Revenue (last 12 months) $462m $528m +14.2%
Net margin 2.4% 1.4% −40.9%
P/E multiple 66.6x 97.5x +46.4%
Share count 17m 17m +0.3%

Biggest factor: net margin.

Last 3 years +48.1%

$28.96 on November 3, 2023 to $42.89

ThenNowEffect
Revenue (last 12 months) $306m $528m +72.6%
Net margin 1.2% 1.4% +13.4%
P/E multiple 97.7x 97.5x −0.1%
Share count 13m 17m −24.2%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
BWMN+3%+63%−30%+32%+30%
Industry peers (median)−22%+10%+2%−15%−3%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
BWMN50%67%42%67%46%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
BWMN−50%−27%−52%−31%−31%
S&P 500−25%−10%−8%−19%−9%

Worst fall since May 7, 2021: 56% from March 21, 2024 to March 10, 2025. Getting back needed a 128% gain, reached on August 28, 2025, 171 days after the low.

Price behaviour

52-week range
$25.31 – $44.43
From 52-week high
−3.5%
vs 50-day average
+0.6%
vs 200-day average
+24.8%
Volatility (1 year)
70%
Beta vs S&P 500
1.42

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±16.0%
After a week
8 up, 4 down
typical move ±18.9%
After a month
8 up, 4 down
typical move ±18.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 +55.6% −0.3% +55.6% +56.3%
May 5, 2026 +10.3% +2.2% +2.7% +0.8%
March 4, 2026 −11.0% +0.1% −11.5% −9.0%
November 5, 2025 −19.0% −0.7% −17.7% −21.5%
August 6, 2025 +3.8% +0.7% +15.5% +18.5%
May 6, 2025 +6.6% −0.4% +14.4% +18.5%
March 11, 2025 +19.7% −0.3% +29.1% +22.5%
November 6, 2024 +6.1% +3.3% +15.1% +27.7%
August 7, 2024 −24.3% +1.6% −31.7% −25.7%
May 7, 2024 +5.5% +0.1% +1.9% +1.8%
March 12, 2024 +23.4% +0.9% +19.5% −5.6%
February 16, 2024 −6.1% −1.0% −12.1% +7.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Bowman Consulting Group Ltd. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Bowman Consulting Group Ltd.
$300M $350M $400M $450M $500M $550M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $328.9M Revenue (TTM), FY23 Q4: $346.3M Revenue (TTM), FY24 Q1: $365.1M Revenue (TTM), FY24 Q2: $386.8M Revenue (TTM), FY24 Q3: $406.3M Revenue (TTM), FY24 Q4: $426.6M Revenue (TTM), FY25 Q1: $444.6M Revenue (TTM), FY25 Q2: $462.2M Revenue (TTM), FY25 Q3: $474.3M Revenue (TTM), FY25 Q4: $490M Revenue (TTM), FY26 Q1: $503.6M Revenue (TTM), FY26 Q2: $527.6M $527.6M

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $328.9M
FY23 Q4 $346.3M
FY24 Q1 $365.1M
FY24 Q2 $386.8M
FY24 Q3 $406.3M
FY24 Q4 $426.6M
FY25 Q1 $444.6M
FY25 Q2 $462.2M
FY25 Q3 $474.3M
FY25 Q4 $490M
FY26 Q1 $503.6M
FY26 Q2 $527.6M
Revenue growth, TTM YoY Bowman Consulting Group Ltd.
0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 44.2% Revenue growth, TTM YoY, FY23 Q4: 32.3% Revenue growth, TTM YoY, FY24 Q1: 27.9% Revenue growth, TTM YoY, FY24 Q2: 26.5% Revenue growth, TTM YoY, FY24 Q3: 23.5% Revenue growth, TTM YoY, FY24 Q4: 23.2% Revenue growth, TTM YoY, FY25 Q1: 21.8% Revenue growth, TTM YoY, FY25 Q2: 19.5% Revenue growth, TTM YoY, FY25 Q3: 16.7% Revenue growth, TTM YoY, FY25 Q4: 14.9% Revenue growth, TTM YoY, FY26 Q1: 13.3% Revenue growth, TTM YoY, FY26 Q2: 14.2% 14.2%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 44.2%
FY23 Q4 32.3%
FY24 Q1 27.9%
FY24 Q2 26.5%
FY24 Q3 23.5%
FY24 Q4 23.2%
FY25 Q1 21.8%
FY25 Q2 19.5%
FY25 Q3 16.7%
FY25 Q4 14.9%
FY26 Q1 13.3%
FY26 Q2 14.2%
Operating margin (TTM) Bowman Consulting Group Ltd.
-2% 0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 1.1% Operating margin (TTM), FY23 Q4: -0.2% Operating margin (TTM), FY24 Q1: -1.3% Operating margin (TTM), FY24 Q2: -1.3% Operating margin (TTM), FY24 Q3: -1.7% Operating margin (TTM), FY24 Q4: -0.5% Operating margin (TTM), FY25 Q1: 0.4% Operating margin (TTM), FY25 Q2: 2.6% Operating margin (TTM), FY25 Q3: 3.6% Operating margin (TTM), FY25 Q4: 4.0% Operating margin (TTM), FY26 Q1: 3.7% Operating margin (TTM), FY26 Q2: 3.4% 3.4%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 1.1%
FY23 Q4 -0.2%
FY24 Q1 -1.3%
FY24 Q2 -1.3%
FY24 Q3 -1.7%
FY24 Q4 -0.5%
FY25 Q1 0.4%
FY25 Q2 2.6%
FY25 Q3 3.6%
FY25 Q4 4.0%
FY26 Q1 3.7%
FY26 Q2 3.4%
FCF margin (TTM) Bowman Consulting Group Ltd.
0% 2% 4% 6% 8% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 2.2% FCF margin (TTM), FY23 Q4: 2.8% FCF margin (TTM), FY24 Q1: 1.7% FCF margin (TTM), FY24 Q2: 3.4% FCF margin (TTM), FY24 Q3: 2.7% FCF margin (TTM), FY24 Q4: 5.6% FCF margin (TTM), FY25 Q1: 7.3% FCF margin (TTM), FY25 Q2: 7.3% FCF margin (TTM), FY25 Q3: 7.9% FCF margin (TTM), FY25 Q4: 6.8% FCF margin (TTM), FY26 Q1: 6.4% FCF margin (TTM), FY26 Q2: 2.4% 2.4%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 2.2%
FY23 Q4 2.8%
FY24 Q1 1.7%
FY24 Q2 3.4%
FY24 Q3 2.7%
FY24 Q4 5.6%
FY25 Q1 7.3%
FY25 Q2 7.3%
FY25 Q3 7.9%
FY25 Q4 6.8%
FY26 Q1 6.4%
FY26 Q2 2.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Bowman Consulting Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $490M
  2. Cost of revenue $228M · 46.6%
  3. Gross profit $262M · 53.4%
  4. Selling, general and admin $215M · 43.9%
  5. Other operating costs $26.8M · 5.5%
  6. Operating income $19.7M · 4.0%
  7. Interest and other $6.8M · 1.4%
  8. Net income $12.8M · 2.6%

Shares of revenue. Source: Bowman Consulting Group's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 122 150 262 346 427 490 528
Gross profit 56 75 135 176 223 262 282
EBITDA 4 6 13 9 12 37 42
Operating income 2 0 5 −1 −2 20 18
Net income 1 0 5 −7 3 13 7
Diluted EPS $0.17 $0.03 $0.37 −$0.53 $0.17 $0.73 $0.44
Growth (year on year)
Revenue — +22.9% +74.5% +32.3% +23.2% +14.9% +14.2%
EBITDA — +57.1% +119.8% −32.7% +37.3% +195.8% +22.1%
Operating income — — — — — — +47.3%
Net income — — — — — — −32.6%
Diluted EPS — — — — — — −32.3%
Margins
Gross margin 45.5% 50.3% 51.6% 50.8% 52.2% 53.4% 53.4%
EBITDA margin 3.2% 4.1% 5.2% 2.6% 2.9% 7.5% 8.0%
Operating margin 1.5% 0.1% 2.0% −0.2% −0.5% 4.0% 3.4%
Net margin 0.8% 0.2% 1.9% −1.9% 0.7% 2.6% 1.4%
Free-cash-flow margin 8.1% 2.5% 3.2% 2.8% 5.6% 6.8% 2.4%
Cash flow
Cash from operations 11 5 9 12 24 36 23
Capital spending 1 1 1 2 1 2 11
Free cash flow 10 4 8 10 24 33 13
Stock-based pay 5 8 15 25 26 19 19
Free cash flow after stock pay 5 −4 −7 −15 −2 15 −6
Balance sheet
Cash 0 21 13 21 7 11 10
Total debt 6 17 37 74 75 153 181
Net debt (negative = net cash) 6 −3 24 53 68 142 171
Diluted shares 5m 8m 12m 12m 16m 17m 17m
Returned to shareholders
Buybacks 1 1 0 1 23 19 22
Total returned 1 1 0 1 23 19 22

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $620m
Short-term assets $236mLonger-term assets $385m
What it owes, and who funded it · $620m
Short-term liabilities $261mLonger-term liabilities $102mShareholders' equity $256m
  • Short-term assets cover short-term liabilities $236m of assets due within a year against $261m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $236m short-term assets against $102m of longer-dated liabilities.
  • More cash than debt $10m of cash against $45m of debt.
  • Debt below 40% of shareholders' equity Debt is 18% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 16% to 18% over five years.
  • A year's operating cash flow covers at least 20% of debt $23m of operating cash flow against $45m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Bowman Consulting Group Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$21.6M
Returned to shareholders
172%
of free cash flow
Buybacks, last 3 fiscal years
$42.9M
Diluted share count
−0.3%
year over year
Total shareholder yield
2.9%
dividends 0.0% + buybacks 2.9% of market value
Sales & admin spending
44.5%
of revenue
Days sales outstanding
97 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in research & consulting services
Last 12 months unless stated BWMN EXPO RMR FORR WLDN MG Median
Revenue, last 12 months $528m $632m $639m $381m $742m $748m $632m
Revenue growth, last 12 months 14.2% 12.8% −15.2% −7.5% 18.1% 4.6% 4.8%
Revenue growth, 3-year average 19.9% 5.7% −13.3% −9.5% 17.6% 2.7% 6.8%
Revenue growth, latest quarter 19.7% 20.9% −0.8% −10.2% 33.2% 4.6% 4.4%
Gross margin 53.4% — — 57.0% 37.8% 28.7% 43.9%
Operating margin 3.4% 20.2% 6.4% −12.5% 7.1% 6.1% 6.1%
Operating margin, 3-year average 1.6% 20.9% 5.8% −10.4% 6.0% 5.2% 6.0%
Net margin 1.4% 17.7% 3.1% −11.2% 8.8% 2.8% 3.1%
Cash from operations / revenue 4.4% 18.7% 15.4% 6.0% 9.6% 8.2% 9.6%
Free-cash-flow margin 2.4% 17.2% 14.5% 0.8% 8.4% 4.5% 7.4%
Free-cash-flow margin, 3-year average 4.4% 21.8% 9.2% 1.7% 8.6% 2.6% 8.6%
Stock pay / revenue 3.6% 3.0% 2.6% 3.0% 2.0% 1.0% 2.5%
Change in share count −0.3% −2.7% −11.7% 0.7% 4.9% 4.3% 0.5%

Median of all 33 companies we cover in research & consulting services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

33 research & consulting services companies
Measure Company Peer median Rank
Revenue growth Growth 14.2% 4.8% 5 of 33
Change in growth rate Growth +0.9pp +0.6pp 13 of 33
Gross margin Profitability 53.4% 45.2% 10 of 25
Operating margin Profitability 3.4% 6.1% 19 of 31
Net margin Profitability 1.4% 3.1% 20 of 33
Free-cash-flow margin Cash generation 2.4% 7.4% 25 of 33
Stock pay as % of revenue Cash generation 3.6% 2.6% 23 of 30
Long-term debt as % of assets Balance sheet 7.3% 22.7% 4 of 21
Change in share count Balance sheet -0.3% 0.6% 14 of 30
Days sales outstanding Balance sheet 97 days 63 days 24 of 29

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$322M
Institutions reporting
135
Shares held vs prior quarter
▲ 3.6%
Positions opened / closed
20 / 17

Top buyers and sellers, Q2 2026: 77 institutions bought and 52 sold ; the biggest buyer was Roubaix Capital, LLC (+134K shares) and the biggest seller Summit Creek Advisors LLC (−188K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $70.1M 2.4M 21.7% ▼ 4.1%
Blackrock, Inc. $31.1M 1.1M 9.6% ▲ 7.7%
Vanguard Capital Management LLC $18.5M 635K 5.7% ▲ 4.1%
Swedbank AB $12.6M 430K 3.9% ▼ 4.4%
Dimensional Fund Advisors LP $11.9M 409K 3.7% ▲ 8.3%
Geode Capital Management, LLC $10.9M 374K 3.4% ▲ 6.8%
Mill Road Capital Management LLC $9.7M 334K 3.0% ▲ 58.7%
State Street Corp $8.5M 291K 2.6% ▲ 3.5%
Pacific Ridge Capital Partners, LLC $8.1M 277K 2.5% ▲ 12.8%
Royce & Associates LP $7.7M 265K 2.4% ▲ 41.7%
Polar Asset Management Partners Inc. $7.2M 247K 2.2% ▼ 22.8%
Summit Creek Advisors LLC $6.4M 220K 2.0% ▼ 46.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bowman Consulting Group Ltd.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5.6M 14 trades by 5 insiders · 100% under pre-set plans
Net ▼ $5.6M net selling
Insider Date Trade Shares Price Value
Bowman Gary Chief Executive Officer September 23, 2026 Sell pre-set plan 22,500 $42.55 $957,375
Bowman Gary Chief Executive Officer September 23, 2026 Sell pre-set plan 37,500 $42.55 $1.6M
Mulroy Patricia Director August 10, 2026 Sell pre-set plan 883 $42.37 $37,413
Swayze Daniel Chief Operating Officer August 7, 2026 Sell pre-set plan 914 $27.24 $24,897
Grebbien Virginia Lee Director June 2, 2026 Sell pre-set plan 7,500 $31.65 $237,375
Vicks Raymond Jr. Director May 12, 2026 Sell pre-set plan 1,230 $33.34 $41,008
Bowman Gary Chief Executive Officer April 22, 2026 Sell pre-set plan 7,500 $30.71 $230,325
Bowman Gary Chief Executive Officer April 22, 2026 Sell pre-set plan 12,500 $30.71 $383,875
Bowman Gary Chief Executive Officer February 18, 2026 Sell pre-set plan 12,500 $32.62 $407,750
Bowman Gary Chief Executive Officer February 18, 2026 Sell pre-set plan 7,500 $32.62 $244,650
Bowman Gary Chief Executive Officer January 21, 2026 Sell pre-set plan 7,500 $35.37 $265,275
Bowman Gary Chief Executive Officer January 21, 2026 Sell pre-set plan 12,500 $35.37 $442,125

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 10, 2026
  • May 5, 2026
  • March 4, 2026
  • November 5, 2025
  • August 6, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Bowman Consulting Group Ltd. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Bowman Consulting Group Ltd. in brief

What does Bowman Consulting Group Ltd. do?
Bowman Consulting Group Ltd. is a US-listed company in the research & consulting services industry. Its financial year ends in December.
What is Bowman Consulting Group Ltd.'s stock ticker?
Bowman Consulting Group Ltd. trades under the ticker BWMN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Bowman Consulting Group Ltd.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Bowman Consulting Group Ltd. reported revenue of $528M, 14.2% higher than a year earlier, according to its SEC filings.
What is Bowman Consulting Group Ltd.'s free cash flow?
Bowman Consulting Group Ltd.'s free-cash-flow margin is 2.4% of revenue over the trailing twelve months, ranking 25 of the 33 research & consulting services companies we cover.
Who are Bowman Consulting Group Ltd.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Bowman Consulting Group Ltd. buying back stock, and does it pay a dividend?
Bowman Consulting Group Ltd. spent $21.6M on share repurchases over the trailing twelve months, and its diluted share count fell 0.3% over the year.
What is Bowman Consulting Group Ltd.'s market cap?
On November 2, 2026, Bowman Consulting Group Ltd.'s market capitalisation was about $720M, with a price-to-earnings ratio of 97.5 and net debt of $171M. Market figures come from third-party market data and may be delayed.
How much debt does Bowman Consulting Group Ltd. have?
Bowman Consulting Group Ltd.'s debt-to-equity ratio is 17.6%, from its latest balance sheet (16.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Bowman Consulting Group Ltd.'s competitors?
In our Research & Consulting Services peer group, the companies closest to Bowman Consulting Group Ltd. are Exponent Inc, RMR Group Inc., Forrester Research, Inc., Willdan Group, Inc. and Mistras Group, Inc. The side-by-side comparison below sets their revenue, margins and growth against Bowman Consulting Group Ltd.'s.
Are insiders buying or selling Bowman Consulting Group Ltd. stock?
Over the last 12 months, Bowman Consulting Group Ltd.'s directors and officers reported 0 open-market purchases and 14 sales on Form 4. The insider trading page charts every trade.
When is Bowman Consulting Group Ltd.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Bowman Consulting Group Ltd. announces its own schedule.