Bowman Consulting Group Ltd., provides engineering, technical consulting, and program management services in the United States. The company offers planning, engineering, program management, commissioning, environmental consulting, geospatial imaging, surveying, land procurement, and other infrastructure management services. It also provides site and civil design and planning, structural engineering, landscape architecture, mechanical, electrical and plumbing, fire prevention engineering, construction management, procurement and oversight, program and asset management, and environmental consulting; LNG pipeline systems, power generation facility design, utility undergrounding, grid resiliency planning, mission critical planning, data center feasibility and design, bridging power design and procurement, utility scale on-site energization, grid interconnect engineering, and transmission corridor design; and road, highway and bridge design, ports and harbors engineering, asset controls, aviation facility engineering, logistics management, bridge inspections and underwater assessments, easement acquisition, and ADA compliance and certifications solutions. In addition, the company offers ALTA boundary, topographic, route, and land title surveys, as well as right of way mapping and underground utility location services; drone inspection of transmission lines, high altitude aerial orthoimaging, laser scanning and LiDAR imaging, reality capture, GIS map, digital underwater scanning and survey, marine asset condition assessment, and hydrology and geoscience; and land services. Further, it provides digital delivery and advisory services, such as GIS-enabled asset control kits, AI-enabled feasibility and due diligence studies, asset conditions monitoring and controls, predictive lifecycle cost analysis, rate studies, and interactive digital twin. The company was incorporated in 1995 and is headquartered in Reston, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $490M | $46M | $13M | $33M | 4.9% | 14.9% | 323.5% |
| 2024 | $427M | $26M | $3M | $21M | 1.2% | 23.2% | -145.8% |
| 2023 | $346M | $18M | $-7M | $10M | -4.1% | 32.3% | -232.3% |
| 2022 | $262M | $17M | $5M | $8M | 4.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 261.71 | 346.26 | 426.56 | 490.02 |
| Operating Revenue | - | 261.71 | 346.26 | 426.56 | 490.02 |
| Cost Of Revenue | - | 126.59 | 170.22 | 203.76 | 228.48 |
| Gross Profit | - | 135.13 | 176.03 | 222.80 | 261.54 |
| Operating Expense | - | 130.09 | 177.10 | 225.28 | 242.62 |
| Selling General And Administration | - | 117.84 | 158.38 | 197.45 | 215.06 |
| Total Expenses | - | 256.68 | 347.32 | 429.04 | 471.10 |
| Operating Income | - | 5.04 | -1.07 | -2.48 | 18.92 |
| Total Operating Income As Reported | - | 5.12 | -0.66 | -2 | 19.66 |
| EBITDA | - | 17.29 | 17.66 | 25.97 | 46.48 |
| Normalized EBITDA | - | 17.21 | 17.24 | 25.49 | 45.74 |
| EBIT | - | 5.04 | -1.07 | -2.48 | 18.92 |
| Other Non Operating Income Expenses | - | -3.38 | -5.79 | -6.95 | -8.50 |
| Other Income Expense | - | -3.30 | -5.38 | -6.47 | -7.76 |
| Pretax Income | - | 1.74 | -6.45 | -8.95 | 11.16 |
| Tax Provision | - | -3.27 | 0.18 | -11.98 | -1.69 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.02 | 0.09 | 0.10 | 0.16 |
| Net Income Continuous Operations | - | 5 | -6.62 | 3.03 | 12.85 |
| Net Income From Continuing And Discontinued Operation | - | 5 | -6.62 | 3.03 | 12.85 |
| Net Income From Continuing Operation Net Minority Interest | - | 5 | -6.62 | 3.03 | 12.85 |
| Net Income | - | 5 | -6.62 | 3.03 | 12.85 |
| Net Income Common Stockholders | - | 4.22 | -6.62 | 2.80 | 12.23 |
| Net Income Including Noncontrolling Interests | - | 5 | -6.62 | 3.03 | 12.85 |
| Normalized Income | - | 4.94 | -6.95 | 2.66 | 12.26 |
| Diluted NI Availto Com Stockholders | - | 4.22 | -6.62 | 2.80 | 12.23 |
| Basic Average Shares | - | 10.89 | 12.49 | 15.75 | 16.41 |
| Diluted Average Shares | - | 11.68 | 12.49 | 16.13 | 16.75 |
| Reconciled Depreciation | - | 12.25 | 18.72 | 28.44 | 27.55 |
| Reconciled Cost Of Revenue | - | 126.59 | 170.22 | 203.14 | 228.48 |
| Total Unusual Items | - | 0.08 | 0.41 | 0.48 | 0.74 |
| Total Unusual Items Excluding Goodwill | - | 0.08 | 0.41 | 0.48 | 0.74 |
| Special Income Charges | - | 0.08 | 0.41 | 0.48 | 0.74 |
| Depreciation Amortization Depletion Income Statement | - | 12.25 | 18.72 | 27.83 | 27.56 |
| Depreciation And Amortization In Income Statement | - | 12.25 | 18.72 | 27.83 | 27.56 |
| Gain On Sale Of Ppe | - | 0.08 | 0.41 | 0.48 | 0.74 |
| Otherunder Preferred Stock Dividend | - | 0.78 | 0 | 0.23 | 0.62 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Bowman Consulting Group Ltd.this co. | BWMN | $573M | 46.84β premium | 2.19 | 4.7% | 17.30 |
| Richtech Robotics Inc. | RR | $610M | -38.75 | 2.26 | -5.8% | -31.05 |
| Cass Information Systems, Inc. | CASS | $606M | 17.25 | 2.49 | 14.5% | - |
| Mistras Group, Inc. | MG | $588M | 34.92 | 2.50 | 7.2% | 11.35 |
| Orion Group Holdings, Inc. | ORN |
| - |
| - |
| - |
| - |
| - |
| - |
| $574M |
| 230.87 |
| 3.61 |
| 1.6% |
| 15.08 |
| Titan Machinery Inc. | TITN | $562M | -10.38 | 0.97 | -9.4% | 38.60 |
| Insteel Industries Inc. | IIIN | $559M | 13.63 | 1.51 | 11.0% | 7.26 |
| Enviri Corporation | NVRI | $554M | -2.43 | -0.91 | 37.5% | 62.25 |
| Ennis, Inc. | EBF | $519M | 12.18 | 1.68 | 13.8% | 7.07 |
| Peer Median | - | 12.91 | 1.97 | 9.1% | 11.35 | |