Bowman Consulting Group Ltd. Common Stock (BWMN)

FairStock Score: 23/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Bowman is a 2,500-person engineering and consulting firm serving U.S. infrastructure clients. In Graham terms, I look first for consistent earning power bought with a margin of safety, and here the record is uneven. Revenue has grown from $346.3M in fiscal year 2023 to $426.6M in fiscal year 2024 and $490.0M in fiscal year 2025, but net income swung from a $6.6M loss in fiscal year 2023 to $3.0M in fiscal year 2024 and $12.8M in fiscal year 2025. More recently, fiscal Q1 2026, the quarter ended 2026-03-31, produced a $3.7M loss, while fiscal Q2 2026, the quarter ended 2026-06-30, earned $2.5M on $146.1M of revenue—better than Q1 but below the $6.0M earned in fiscal Q2 2025 on $122.1M, so higher revenue is not reliably dropping to the bottom line. The FairStock calculations show why: ROE is 2.92%, ROCE 1.72%, D/E 1.11, Piotroski 4/9, Altman Z 1.42, and TTM FCF is only $11.6M, a 1.6% FCF yield. The balance sheet and returns do not suggest a wide moat or abundant excess capital. At the 2026-10-13 close of $42.74, the market cap is $740.9M, P/E 101.76, P/B 2.87, EV/EBITDA 21.77, and the Graham Number is $11.86, a -260.37% margin of safety. The computed Lynch category is TURNAROUND, and that fits: it returned to profit after a loss within three years, but a turnaround must prove durable. I would want sustained profit and cash flow before trusting this price.

In plain English: Bowman Consulting Group sells engineering and consulting services for infrastructure projects in the United States. The business is growing sales, but profits are thin and bumpy, returns on invested money are low, and it uses debt. At the 2026-10-13 close of $42.74, the price looks expensive compared with the company's earnings and accounting value, so it depends on much better profits ahead.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer