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Bowman is a professional services firm delivering integrated engineering, technical consulting and program management services to customers who own, develop, and maintain the built environment. We provide planning, engineering, program management, commissioning, environmental consulting, geospatial imaging, surveying, land procurement and other infrastructure management services to customers op…
Operating margin is thin at 4.01%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 14.9% YoY with margins expanding 4.5pp.
Net debt of $159M represents 4.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$504M
▲ +14.9% YoY
Net Income (TTM)
$11M
▲ +323.5% YoY
Op. Margin
3.70%
▲ +4.5pp YoY
ROIC
3.65%
▲ +4.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$32M
▲ +41.2% YoY
Op. Cash Flow (TTM)
$35M
▲ +47.4% YoY
Net Debt
$152M
Cash & Equiv.
$12M
5Y CAGR: +32.1%
5Y CAGR: +27.7%
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