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% | - |
| 2023 | $346M | $18M | $-7M | $10M | -4.1% | 32.3% | -232.3% |
| 2022 | $262M | $17M | $5M | $8M | 4.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 5.04 | -1.07 | -2.48 | 18.92 |
| EBITDA | 17.29 | 17.66 | 25.97 | 46.48 |
| EBIT | 5.04 | -1.07 | -2.48 | 18.92 |
| Pretax Income | 1.74 | -6.45 | -8.95 | 11.16 |
| Tax Provision | -3.27 | 0.18 | -11.98 | -1.69 |
| Net Income | 5 | -6.62 | 3.03 | 12.85 |
| Net Income Common Stockholders | 4.22 | -6.62 | 2.80 | 12.23 |
| Total Expenses | 256.68 | 347.32 | 429.04 | 471.10 |
| Selling General And Administration | 117.84 | 158.38 | 197.45 | 215.06 |
| Normalized EBITDA | 17.21 | 17.25 | 25.49 | 45.74 |
| Normalized Income | 4.94 | -6.95 | 2.66 | 12.26 |
| Basic EPS | 0.39 | -0.53 | 0.18 | 0.74 |
| Diluted EPS | 0.37 | -0.53 | 0.17 | 0.73 |
| Tax Effect Of Unusual Items | 0.02 | 0.09 | 0.10 | 0.16 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 0.08 | 0.41 | 0.48 | 0.74 |
| Total Unusual Items Excluding Goodwill | 0.08 | 0.41 | 0.48 | 0.74 |
| Net Income From Continuing Operation Net Minority Interest | 5 | -6.62 | 3.03 | 12.85 |
| Reconciled Depreciation | 12.25 | 18.72 | 28.45 | 27.55 |
| Reconciled Cost Of Revenue | 126.59 | 170.22 | 203.14 | 228.48 |
| Net Income From Continuing And Discontinued Operation | 5 | -6.62 | 3.03 | 12.85 |
| Total Operating Income As Reported | 5.12 | -0.66 | -2 | 19.66 |
| Diluted Average Shares | 11.68 | 12.49 | 16.13 | 16.75 |
| Basic Average Shares | 10.89 | 12.49 | 15.75 | 16.41 |
| Diluted NI Availto Com Stockholders | 4.22 | -6.62 | 2.80 | 12.23 |
| Otherunder Preferred Stock Dividend | 0.78 | 0 | 0.23 | 0.62 |
| Net Income Including Noncontrolling Interests | 5 | -6.62 | 3.03 | 12.85 |
| Net Income Continuous Operations | 5 | -6.62 | 3.03 | 12.85 |
| Other Income Expense | -3.30 | -5.38 | -6.47 | -7.76 |
| Other Non Operating Income Expenses | -3.38 | -5.79 | -6.95 | -8.50 |
| Special Income Charges | 0.08 | 0.41 | 0.48 | 0.74 |
| Gain On Sale Of Ppe | 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 |
| Operating Revenue | 261.71 | 346.26 | 426.56 | 490.02 |
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 | $522M | 41.78β premium | 2.01 | 4.9% | 16.21 |
| Tejon Ranch Co. | TRC | $531M | - | 1.11 | 0.0% | -291.89 |
| Richtech Robotics Inc. | RR | $530M | - | 1.49 | -5.8% | -8.52 |
| Ennis, Inc. | EBF | $521M | 12.41 | 1.69 | 13.3% | 7.03 |
| Titan International, Inc. | TWI | $512M |
| - |
| 0.99 |
| -12.2% |
| 11.47 |
| Pangaea Logistics Solutions Ltd. | PANL | $496M | 25.33 | 1.15 | 4.1% | 10.08 |
| Cryoport, Inc. | CYRX | $492M | - | 1.06 | 15.6% | -89.47 |
| Insteel Industries Inc. | IIIN | $490M | 11.96 | 1.32 | 11.0% | 6.31 |
| Orion Group Holdings, Inc. | ORN | $483M | 54.59 | 3.01 | 1.6% | 15.30 |
| Peer Median | - | 18.87 | 1.24 | 2.8% | 6.67 | |