BWMN|Bowman Consulting Group Ltd.
Services-Management Consulting Services
- Revenue
- $490M
- ▲ 15% YoY
- Operating margin
- 4.0%
- ▲ 956% YoY
- EBITDA
- $37M
- ▲ 196% YoY
- Market cap
- $739M
- Employees
- 2,300
- $213K revenue each
- Net debt / EBITDA
- 0.9×
- $35M net debt
- AI in 10-K
- 3.2
- mentions per 10K words
TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
279% of net income
Cash flow under 80% of net income
Dilutive SBCNo
4% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
52% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
28% of assets
Over 40% of assets
Shareholder dissentYes
53% lowest support
Any vote under 80% support
Buyer economics 1 of 4
Low revenue per employeeNo
$213K · 28th pct
Bottom quartile of its SIC industry
Quiet on AINo
3.2 per 10K words · 72nd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
0.9× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedYes
$739M market cap
Market cap $500M–$5B
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY | Trend |
|---|
| Revenue | $150M | $262M | $346M | $427M | $490M | ▲ 15% | |
|---|
| Operating income | $160K | $5M | −$656K | −$2M | $20M | ▲ 1083% | |
|---|
| Net income | $299K | $5M | −$7M | $3M | $13M | ▲ 324% | |
|---|
| Operating cash flow | $5M | $9M | $12M | $24M | $36M | ▲ 47% | |
|---|
| Capex | $905K | $902K | $2M | $626K | $2M | ▲ 282% | |
|---|
| Stock-based comp | $8M | $15M | $25M | $26M | $19M | ▼ 27% | |
|---|
| Buybacks | $582K | $0 | $745K | $23M | $19M | ▼ 19% | |
|---|
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|
| Oct 22, 2026 | Bowman Gary | SCHEDULE 13D/A | 12.4% | Passive |
| Apr 4, 2024 | Bowman Gary | SC 13D/A | 14.4% | Passive |
| Nov 24, 2023 | Bowman Gary | SC 13D/A | 17.0% | Passive |
| Dec 13, 2022 | Bowman Gary | SC 13D/A | 20.0% | Passive |
| Feb 15, 2022 | Bowman Gary | SC 13D/A | 21.9% | Passive |
| Nov 16, 2021 | Bowman Gary | SC 13D/A | 25.0% | Passive |
| Oct 13, 2021 | Bowman Gary | SC 13D/A | 25.0% | Passive |
| Sep 23, 2021 | Bowman Gary | SC 13D/A | 21.0% | Passive |
| May 13, 2021 | Bowman Gary | SC 13D | 25.1% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $6M · 14
- Net
- −$6M
Pay vs performance
No pay-versus-performance disclosure yet.