Bowman Consulting Group Ltd. (BWMN) AI Stock Analysis

NASDAQ: BWMNAI research summary: business, growth, valuation, analysts, bull and bear case.

BWMN AI stock analysis summary

AI Research

Bowman Consulting Group Ltd. (BWMN) provides real estate, energy, infrastructure, and environmental management solutions across the United States. Revenue increased 14.9% in FY2025 to $490.0M, supporting free cash flow of $33.4M. However, trailing twelve month operating margin stood at 5.2% and the company carries net debt of $274.1M.

Market cap
$709.6M
Revenue (TTM)
$527.6M
P/E
104.3x
fwd 29.9x
1Y return
-1.6%
S&P 500 16.8%
Avg. target
$43.00
0.5% vs last close

Bull case

  • Revenue expanded at a 5-year CAGR of 32.1% through FY2025, reaching $490.0M.
  • Free cash flow climbed to $33.4M in FY2025 from $3.8M in FY2021.
  • Consensus estimates project next fiscal year revenue to expand 18.0% to $701.3M alongside EPS growth of 27.4%.

Bear case

  • In the latest quarter ended June 30, 2026, quarterly earnings fell 58.8% year-over-year.
  • Trailing twelve month operating margin of 5.2% remains below the US-listed Industrials peer median of 11.7%.
  • The stock trades at a trailing P/E of 104.3x and an EV/EBITDA of 21.7x, well above peer medians of 24.8x and 13.9x.

What Bowman Consulting does

Bowman Consulting Group Ltd. specializes in delivering comprehensive real estate, energy, infrastructure, and environmental management solutions across the United States. The company's diverse range of services includes civil and site engineering, encompassing conceptual land planning, environmental consulting, permitting, zoning, entitlements, roadway and highway design, stormwater management, traffic studies, and utility relocation planning. Bowman Consulting also offers commissioning and energy efficiency services, such as systems functional performance testing and construction document reviews. Additionally, the company provides construction management services, including constructability reviews, value engineering, budgeting, cost estimating, and comprehensive bid solicitation and documentation preparation.

Growth and profitability

Bowman Consulting Group expanded annual revenue from $150.0M in FY2021 to $490.0M in FY2025, generating a 5-year revenue CAGR of 32.1%. Revenue growth was 74.5% in FY2022, 32.3% in FY2023, and 23.2% in FY2024 before moderating to 14.9% in FY2025. Net income shifted from -$6.6M in FY2023 to $2.8M in FY2024 and reached $12.2M in FY2025, with net margin improving to 2.5%. For the trailing twelve months, revenue reached $527.6M with an operating margin of 5.2% and EPS of $0.41. In the latest quarter ended June 30, 2026, quarterly revenue grew 19.7% year-over-year, while quarterly earnings declined 58.8%.

BWMN income statement →

Balance sheet and cash flow

As of June 30, 2026, Bowman Consulting held $10.5M in cash and short-term investments alongside total debt of $284.6M, resulting in net debt of $274.1M. Shareholders' equity was $256.5M against total assets of $620.1M, yielding a debt-to-equity ratio of 1.11 and a current ratio of 0.90. In FY2025, the company generated operating cash flow of $35.8M and free cash flow of $33.4M. Capital expenditures totaled $2.4M, while share buybacks absorbed $24.0M in FY2025.

BWMN balance sheet →

Valuation and performance

Trading at $42.77 on October 16, 2026, Bowman Consulting holds an enterprise value of $1.01B and a market cap of $709.6M. The stock trades at a trailing P/E of 104.3x and a forward P/E of 29.9x, both above the median of its US-listed Industrials peers of 24.8x and 17.2x, respectively. Its EV/EBITDA multiple is 21.7x compared to the peer median of 13.9x, while its price-to-sales ratio is 1.3x versus the peer median of 1.5x. Over the past year, the stock returned -1.6% compared to 16.8% for SPY, though its 5-year return reached 203.5% versus 83.0% for SPY.

BWMN key metrics →

What analysts expect

Wall Street coverage comprises 4 Hold ratings and 1 Sell rating, with zero Buy or Strong Buy recommendations. The mean price target is $43.00, representing an implied upside of 0.5% against the last close of $42.77. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $594.2M and EPS of $1.95, representing projected EPS growth of 15.8%. Over the last four quarters, the company delivered 2 EPS beats. The next earnings date is scheduled for November 4, 2026.

BWMN forecast and price target →

Key risks and what to watch

  • Net debt of $274.1M and a current ratio of 0.90 as of June 30, 2026, signal constrained short-term balance sheet liquidity.
  • The company's 5-year share count change was 83.0%, reflecting substantial historical share dilution.
  • A beta of 1.48 indicates that BWMN experiences higher price volatility than the broader equity market.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this BWMN AI stock analysis

This page is an AI-written research summary of Bowman Consulting Group Ltd. (BWMN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: BWMN income statement, BWMN balance sheet, BWMN key metrics, BWMN analyst forecast, BWMN chart. See the BWMN stock overview for the latest quote and news.

BWMN AI stock analysis FAQ

What is Bowman Consulting Group's next earnings date?

Bowman Consulting Group is scheduled to report its next earnings on November 4, 2026.

Does BWMN pay a dividend?

Bowman Consulting Group does not pay a dividend.

What is the analyst consensus price target for BWMN?

Analysts have set a mean price target of $43.00 for BWMN, indicating a 0.5% premium to its last close of $42.77.

How much debt does Bowman Consulting carry?

As of June 30, 2026, Bowman Consulting carried total debt of $284.6M and cash of $10.5M, resulting in net debt of $274.1M.

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