Bowman Consulting (BWMN)
Market Price (4/12/2026): $30.81 | Market Cap: $508.3 MilSector: Industrials | Industry: Construction & Engineering
Bowman Consulting (BWMN)
Market Price (4/12/2026): $30.81Market Cap: $508.3 MilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% Attractive yieldFCF Yield is 6.5% Low stock price volatilityVol 12M is 46% Megatrend and thematic driversMegatrends include Water Infrastructure, Renewable Energy Transition, and Electrification of Everything. Themes include Water Treatment & Delivery, Show more. | Weak multi-year price returns2Y Excs Rtn is -36%, 3Y Excs Rtn is -56% | Key risksBWMN key risks include [1] challenges in successfully integrating strategic acquisitions to realize anticipated growth and [2] an inability to attract and retain skilled technical talent in a highly competitive market. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% |
| Attractive yieldFCF Yield is 6.5% |
| Low stock price volatilityVol 12M is 46% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, Renewable Energy Transition, and Electrification of Everything. Themes include Water Treatment & Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -36%, 3Y Excs Rtn is -56% |
| Key risksBWMN key risks include [1] challenges in successfully integrating strategic acquisitions to realize anticipated growth and [2] an inability to attract and retain skilled technical talent in a highly competitive market. |
Qualitative Assessment
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Bowman Consulting (BWMN) stock has lost about 5% since 12/31/2025 because of the following key factors:
1. Decline in Q4 2025 Net Income and Adjusted EPS Year-over-Year. Despite exceeding consensus EPS estimates by $0.07 ($0.45 versus $0.38) and raising 2026 net revenue guidance to $495–$510 million (from $465–$480 million), Bowman Consulting Group reported a significant 66% year-over-year decrease in Q4 2025 net income, falling to $2.0 million from $5.9 million in Q4 2024. Additionally, adjusted basic EPS declined from $0.72 in Q4 2024 to $0.46 in Q4 2025. This downturn in profitability metrics for the quarter led to an 11.96% decline in the stock price on March 4, 2026, the day the results were published.
2. Planned CEO Retirement Announcement. The announcement of CEO Gary Bowman's planned retirement in 2026, which was included in the March 4, 2026, Q4 2025 earnings report, introduced an element of leadership uncertainty. This planned transition, despite the company's strong full-year 2025 results and increased 2026 guidance, likely contributed to investor caution.
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1. Decline in Q4 2025 Net Income and Adjusted EPS Year-over-Year. Despite exceeding consensus EPS estimates by $0.07 ($0.45 versus $0.38) and raising 2026 net revenue guidance to $495–$510 million (from $465–$480 million), Bowman Consulting Group reported a significant 66% year-over-year decrease in Q4 2025 net income, falling to $2.0 million from $5.9 million in Q4 2024. Additionally, adjusted basic EPS declined from $0.72 in Q4 2024 to $0.46 in Q4 2025. This downturn in profitability metrics for the quarter led to an 11.96% decline in the stock price on March 4, 2026, the day the results were published.
2. Planned CEO Retirement Announcement. The announcement of CEO Gary Bowman's planned retirement in 2026, which was included in the March 4, 2026, Q4 2025 earnings report, introduced an element of leadership uncertainty. This planned transition, despite the company's strong full-year 2025 results and increased 2026 guidance, likely contributed to investor caution.
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Stock Movement Drivers
Fundamental Drivers
The -6.7% change in BWMN stock from 12/31/2025 to 4/11/2026 was primarily driven by a -25.9% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4112026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.02 | 30.81 | -6.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 474 | 490 | 3.3% |
| Net Income Margin (%) | 3.5% | 2.6% | -25.9% |
| P/E Multiple | 32.4 | 39.6 | 22.1% |
| Shares Outstanding (Mil) | 16 | 16 | -0.2% |
| Cumulative Contribution | -6.7% |
Market Drivers
12/31/2025 to 4/11/2026| Return | Correlation | |
|---|---|---|
| BWMN | -6.7% | |
| Market (SPY) | -5.4% | 48.7% |
| Sector (XLI) | 10.6% | 56.2% |
Fundamental Drivers
The -27.3% change in BWMN stock from 9/30/2025 to 4/11/2026 was primarily driven by a -37.5% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4112026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.36 | 30.81 | -27.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 462 | 490 | 6.0% |
| Net Income Margin (%) | 2.4% | 2.6% | 10.8% |
| P/E Multiple | 63.2 | 39.6 | -37.5% |
| Shares Outstanding (Mil) | 16 | 16 | -1.0% |
| Cumulative Contribution | -27.3% |
Market Drivers
9/30/2025 to 4/11/2026| Return | Correlation | |
|---|---|---|
| BWMN | -27.3% | |
| Market (SPY) | -2.9% | 45.7% |
| Sector (XLI) | 11.6% | 44.6% |
Fundamental Drivers
The 41.1% change in BWMN stock from 3/31/2025 to 4/11/2026 was primarily driven by a 268.7% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4112026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.83 | 30.81 | 41.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 427 | 490 | 14.9% |
| Net Income Margin (%) | 0.7% | 2.6% | 268.7% |
| P/E Multiple | 117.6 | 39.6 | -66.4% |
| Shares Outstanding (Mil) | 16 | 16 | -1.0% |
| Cumulative Contribution | 41.1% |
Market Drivers
3/31/2025 to 4/11/2026| Return | Correlation | |
|---|---|---|
| BWMN | 41.1% | |
| Market (SPY) | 16.3% | 38.4% |
| Sector (XLI) | 32.3% | 42.9% |
Fundamental Drivers
The 7.3% change in BWMN stock from 3/31/2023 to 4/11/2026 was primarily driven by a 87.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312023 | 4112026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.71 | 30.81 | 7.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 262 | 490 | 87.2% |
| Net Income Margin (%) | 1.9% | 2.6% | 37.1% |
| P/E Multiple | 66.2 | 39.6 | -40.3% |
| Shares Outstanding (Mil) | 12 | 16 | -30.0% |
| Cumulative Contribution | 7.3% |
Market Drivers
3/31/2023 to 4/11/2026| Return | Correlation | |
|---|---|---|
| BWMN | 7.3% | |
| Market (SPY) | 63.3% | 36.9% |
| Sector (XLI) | 76.8% | 40.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BWMN Return | 52% | 3% | 63% | -30% | 32% | -6% | 122% |
| Peers Return | 38% | -16% | 25% | 27% | 34% | -9% | 124% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| BWMN Win Rate | 75% | 50% | 67% | 42% | 67% | 50% | |
| Peers Win Rate | 58% | 43% | 55% | 63% | 57% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BWMN Max Drawdown | -10% | -49% | -6% | -44% | -26% | -19% | |
| Peers Max Drawdown | -7% | -33% | -10% | -8% | -18% | -13% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: J, STN, TTEK, WLDN, ACM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)
How Low Can It Go
| Event | BWMN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -51.3% | -25.4% |
| % Gain to Breakeven | 105.3% | 34.1% |
| Time to Breakeven | 178 days | 464 days |
Compare to J, STN, TTEK, WLDN, ACM
In The Past
Bowman Consulting's stock fell -51.3% during the 2022 Inflation Shock from a high on 12/27/2021. A -51.3% loss requires a 105.3% gain to breakeven.
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About Bowman Consulting (BWMN)
Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals. The company also provides construction management services, including constructability review, value engineering, budgeting and cost estimating, interagency and utility coordination, onsite observation and report evaluation, public communication and outreach, and resident engineer services, as well as bid solicitation, documentation, and preparation services; and environmental consulting services consisting of wetlands and waters of the U.S. delineations, natural resources inventories, wildlife and vegetation surveys, threatened and endangered species surveys, endangered species conservation and management, wetland creation and enhancement design, NEPA documentation, section 404/401 permitting and compliance, NPDES permitting, and phase I environmental site assessment. In addition, it offers landscape architecture, land procurement and right-of-way acquisition, structural engineering, surveying and geospatial engineering, and transportation and water resources engineering services, as well as mechanical, electrical, and plumbing engineering services. Bowman Consulting Group Ltd. was incorporated in 1995 and is headquartered in Reston, Virginia.
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Here are 1-2 brief analogies for Bowman Consulting (BWMN):
- Like a smaller, US-focused AECOM.
- Tetra Tech for civil engineering and real estate development.
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Bowman Consulting (BWMN) provides a comprehensive suite of engineering, consulting, and management services across various sectors:
- Civil and Site Engineering: Offers design and planning for land development, including roads, stormwater management, and utility systems.
- Commissioning and Energy Efficiency Services: Provides testing, observation, and review to ensure optimal system performance and energy efficiency.
- Construction Management Services: Oversees construction projects, including constructability review, budgeting, coordination, and on-site observation.
- Environmental Consulting Services: Delivers assessments, surveys, and permitting assistance for environmental compliance and conservation efforts.
- Landscape Architecture: Provides design services for outdoor spaces, integrating natural and built environments.
- Land Procurement and Right-of-Way Acquisition: Manages the acquisition of land and access rights necessary for various development projects.
- Structural Engineering: Designs the structural components for buildings and other infrastructure projects.
- Surveying and Geospatial Engineering: Offers land surveying and geospatial data services for accurate project planning and execution.
- Transportation and Water Resources Engineering: Focuses on the design and management of transportation networks and water-related infrastructure.
- Mechanical, Electrical, and Plumbing (MEP) Engineering: Provides design and consulting for building mechanical, electrical, and plumbing systems.
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Gary Bowman, Chief Executive Officer
Gary Bowman founded Bowman in 1995. He has personally guided the company's national expansion through his oversight of strategy, acquisitions, and operational execution. Mr. Bowman served as president, CEO, and Chairman since the company's founding, resigning as Chair in May 2025. He is a licensed professional engineer with over 40 years of experience. Under his leadership, Bowman has grown to approximately $426 million in annual gross contract revenue and completed over 35 acquisitions since its 2021 IPO. Prior to founding Bowman, he was a principal for 15 years at Urban Engineering. Mr. Bowman plans to retire as CEO and resign as a director later in 2026, and is expected to serve as Senior Advisor during the transition.
Bruce Labovitz, Chief Financial Officer
Bruce Labovitz has over 35 years of experience in financial management and strategy, overseeing accounting, financial reporting, financing, treasury, tax, corporate assets, and investor relations at Bowman. He has worked in a variety of industries for both private and public companies. As CFO of Comstock Homebuilding Companies, he led the company through a successful IPO, managed its transition from private to public, and oversaw multiple subsequent capital markets, debt, and M&A transactions. Mr. Labovitz joined Bowman in 2013 and played a pivotal role in guiding the company through its successful initial public offering (IPO) in May 2021. His leadership has been instrumental in driving Bowman's growth and financial strategy, including the execution and integration of numerous acquisitions. He was named Public Company CFO of the Year by the Northern Virginia Technology Council in June 2024.
Michael Bruen, President
Michael Bruen, who previously served as the Company's Chief Operating Officer, was promoted to President in July 2024.
Daniel Swayze, Chief Operating Officer
Daniel Swayze is a licensed professional engineer with more than 16 years of operational management experience. He joined Bowman in 2022 as Executive Vice President of Energy Services and was later promoted to division manager, overseeing the company's transportation, MEP, and renewables practices. Mr. Swayze was promoted to Chief Operating Officer in July 2024. Previously, he was the Chief Operating Officer at Onyx Renewable Partners L.P., where he managed engineering, procurement, construction, and asset management divisions.
Robert Hickey, General Counsel and Corporate Secretary
Robert Hickey has served as Bowman's general counsel and corporate secretary since 2012. He spent 20 years in the private practice of corporate and real estate law before joining the company. In his role, he oversees legal affairs and risk management, and implements the legal aspects of the company's acquisition initiatives.
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The key risks to Bowman Consulting (BWMN) are:1. Financial Leverage and Interest Coverage Risk
Bowman Consulting faces a significant risk related to its financial leverage, as its interest payments are not consistently well covered by earnings, despite recent earnings growth. This indicates a vulnerability in its financial structure, particularly if earnings decline or interest rates increase. The company's net profit has not been consistently high relative to its fixed obligations like interest.2. Acquisition Integration and Execution Risk
The company's growth strategy heavily relies on strategic acquisitions. This introduces risks such as potential margin pressures, challenges in successfully integrating acquired companies, and the need to maintain target leverage ratios and working capital efficiency amidst ongoing merger and acquisition activities.3. Market Cyclicality and Thin Operating Margins
Bowman Consulting operates in sectors highly sensitive to general economic conditions and demand fluctuations from local, state, and private clients in real estate, infrastructure, and construction. While the company has diversified its services, an economic downturn could still impact demand. Furthermore, the company operates on relatively thin net profit margins (around 2.5%), which means any shortfall in projected growth or unfavorable market conditions could significantly pressure its profitability and financial performance.AI Analysis | Feedback
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Bowman Consulting Group Ltd. provides a variety of services across real estate, energy, infrastructure, and environmental management. The addressable markets for their main products or services in the United States are sizable:
- Civil Engineering: The U.S. civil engineering market is projected to reach approximately $1.88 trillion (USD 1,883,047.00 million) in 2025, with an expected expansion to approximately $2.78 trillion (USD 2,779,584.00 million) by 2034.
- Environmental Consulting: The U.S. environmental consulting market was estimated at $15.9 billion in 2023 and is forecast to expand to $27.3 billion through 2025.
- Surveying & Geospatial Engineering: The market size for Surveying & Mapping Services in the U.S. was $11.3 billion in 2024 and is projected to reach $11.5 billion in 2025.
- Construction Management: The market size of Construction Project Management Services in the U.S. was $372.5 billion in 2025 and is projected to reach $377.9 billion in 2026.
- MEP (Mechanical, Electrical, and Plumbing) Engineering Services: The U.S. MEP services market is expected to generate a value of USD 34.90 billion in 2025 and is estimated to reach USD 37 billion by 2026.
- Transportation Infrastructure Engineering: The U.S. transportation infrastructure market, which includes transportation engineering, was valued at USD 380.4 billion in 2024 and is expected to grow to USD 550.5 billion by 2032.
- Overall Engineering Services: The broader United States engineering services market size was valued at USD 387.42 billion in 2025 and is estimated to grow to USD 533.33 billion by 2031.
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Bowman Consulting (BWMN) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Strategic Acquisitions: Bowman Consulting has a consistent history of growth through strategic acquisitions, having completed over 35 acquisitions since its IPO in 2021. This approach has significantly added to its annualized net service billing and expanded its geographic footprint and technical services. The company expects to continue leveraging acquisitions to boost billings and earnings.
- Robust Organic Growth and Increasing Backlog: The company consistently reports strong organic net revenue growth, indicating sustained demand for its engineering services. This organic growth is further supported by a record-breaking and expanding backlog, which provides strong revenue visibility for the coming years.
- Expansion in High-Growth Market Segments: Bowman is experiencing notable order growth and continued expansion in key market segments such as Power Utilities, Transportation, Natural Resources, and Geospatial markets. Analysts also connect the company's earnings growth to its expansion into energy, data centers, and tech-enabled services.
- Investments in Technology and Innovation: Bowman Consulting is making significant investments in technology and innovation initiatives. These investments are aimed at improving operational efficiency, empowering data-driven analytics, and enhancing long-term client engagement, which are expected to contribute to future revenue generation.
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Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- During the twelve months ending December 31, 2025, Bowman repurchased 683,448 shares of its common stock for a total of $18.8 million under its 2024 and 2025 Share Repurchase Authorizations.
- From October 1, 2025, to December 31, 2025, the company repurchased 272,885 shares for $9.36 million.
- A new share repurchase program was authorized on June 6, 2025, allowing the company to repurchase up to $25 million of its common stock over the next 12 months, replacing a prior authorization.
Share Issuance
- In 2024, Bowman issued and sold 1,502,942 shares of common stock, generating net proceeds of $47.2 million.
- The company completed an underwritten public offering of 1,691,176 shares, resulting in gross proceeds to Bowman of approximately $51.1 million, intended for general corporate purposes including organic expansion, acquisitions, and debt repayment.
Inbound Investments
- In March 2026, Bowman amended its Credit Agreement, increasing its maximum borrowing under the credit facility to $250 million from $210 million.
- The company maintains a $100 million Revolving Credit Facility with Bank of America to manage liquidity and capital needs.
Outbound Investments
- Bowman has pursued aggressive growth through acquisitions, completing 35 since its initial public offering in 2021.
- In 2025, Bowman completed seven acquisitions or acqui-hires for approximately $75.4 million.
- Significant acquisitions include RPT Alliance in December 2025 for nearly $60 million, enhancing power and utilities capabilities, and e3i Engineers in July 2025 to boost data center engineering services.
Capital Expenditures
- Capital expenditures for the last twelve months (as of early March 2026) amounted to $2.39 million.
- In Q4 2025, Bowman Consulting Group Ltd. invested $1.2 million in capital expenditures.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Bowman Consulting Earnings Notes | 12/16/2025 | |
| How Low Can Bowman Consulting Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 80.91 |
| Mkt Cap | 8.9 |
| Rev LTM | 6,688 |
| Op Inc LTM | 660 |
| FCF LTM | 557 |
| FCF 3Y Avg | 484 |
| CFO LTM | 629 |
| CFO 3Y Avg | 540 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.6% |
| Rev Chg 3Y Avg | 14.0% |
| Rev Chg Q | 10.1% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Mgn LTM | 6.9% |
| Op Mgn 3Y Avg | 6.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 8.8% |
| CFO/Rev 3Y Avg | 8.2% |
| FCF/Rev LTM | 8.3% |
| FCF/Rev 3Y Avg | 7.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 8.9 |
| P/S | 1.2 |
| P/EBIT | 15.9 |
| P/E | 22.8 |
| P/CFO | 14.5 |
| Total Yield | 4.9% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 5.0% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.8% |
| 3M Rtn | -13.9% |
| 6M Rtn | -19.5% |
| 12M Rtn | 4.8% |
| 3Y Rtn | 21.2% |
| 1M Excs Rtn | -7.8% |
| 3M Excs Rtn | -11.6% |
| 6M Excs Rtn | -23.3% |
| 12M Excs Rtn | -25.1% |
| 3Y Excs Rtn | -43.6% |
Price Behavior
Price Behavior
| Market Price | $30.81 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 05/07/2021 | |
| Distance from 52W High | -30.7% | |
| 50 Days | 200 Days | |
| DMA Price | $31.24 | $35.69 |
| DMA Trend | up | down |
| Distance from DMA | -1.4% | -13.7% |
| 3M | 1YR | |
| Volatility | 48.3% | 45.6% |
| Downside Capture | 0.83 | 0.98 |
| Upside Capture | 151.04 | 178.55 |
| Correlation (SPY) | 46.4% | 44.2% |
BWMN Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.90 | 1.98 | 1.85 | 1.97 | 0.92 | 1.18 |
| Up Beta | 6.37 | 4.06 | 3.27 | 2.85 | 0.67 | 0.94 |
| Down Beta | -1.01 | 1.03 | 1.29 | 1.57 | 0.52 | 0.79 |
| Up Capture | 302% | 196% | 182% | 169% | 206% | 307% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 7 | 15 | 25 | 58 | 132 | 389 |
| Down Capture | 244% | 191% | 180% | 187% | 128% | 110% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 15 | 26 | 37 | 67 | 117 | 356 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BWMN | |
|---|---|---|---|---|
| BWMN | 41.3% | 45.7% | 0.91 | - |
| Sector ETF (XLI) | 49.1% | 17.9% | 2.08 | 47.0% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 41.9% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | 8.8% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 5.8% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 30.5% |
| Bitcoin (BTCUSD) | -4.3% | 43.7% | 0.02 | 27.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BWMN | |
|---|---|---|---|---|
| BWMN | 17.0% | 47.3% | 0.50 | - |
| Sector ETF (XLI) | 13.1% | 17.3% | 0.59 | 28.5% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 26.9% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 6.3% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 6.7% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 22.5% |
| Bitcoin (BTCUSD) | 4.3% | 56.5% | 0.30 | 12.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BWMN | |
|---|---|---|---|---|
| BWMN | 8.1% | 47.3% | 0.50 | - |
| Sector ETF (XLI) | 13.8% | 19.9% | 0.61 | 28.5% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 26.9% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 6.3% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 6.7% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 22.5% |
| Bitcoin (BTCUSD) | 67.6% | 66.9% | 1.07 | 12.0% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/4/2026 | -12.0% | -12.4% | -10.0% |
| 11/5/2025 | -22.4% | -21.3% | -26.1% |
| 8/6/2025 | 5.1% | 17.0% | 20.0% |
| 3/11/2025 | 17.1% | 26.3% | 19.8% |
| 8/7/2024 | -20.2% | -28.0% | -27.4% |
| 5/7/2024 | 9.3% | -0.2% | 3.9% |
| 2/16/2024 | -3.4% | -9.6% | 11.0% |
| 11/7/2023 | 1.4% | 3.3% | 11.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 7 | 10 |
| # Negative | 7 | 8 | 5 |
| Median Positive | 4.0% | 7.2% | 11.0% |
| Median Negative | -12.0% | -9.3% | -19.1% |
| Max Positive | 17.1% | 26.3% | 20.0% |
| Max Negative | -22.4% | -28.0% | -27.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/05/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/15/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 3/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Revenue | 495.00 Mil | 502.50 Mil | 510.00 Mil | 6.3% | Raised | Guidance: 472.50 Mil for 2026 | |
| 2026 Adjusted EBITDA Margin | 17.0% | 17.25% | 17.5% | 0 | 0 | Affirmed | Guidance: 17.25% for 2026 |
Prior: Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Net Revenue | 430.00 Mil | 436.00 Mil | 442.00 Mil | 0 | Affirmed | Guidance: 436.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | 71.00 Mil | 74.00 Mil | 77.00 Mil | 0 | Affirmed | Guidance: 74.00 Mil for 2025 | |
| 2026 Net Revenue | 465.00 Mil | 472.50 Mil | 480.00 Mil | 8.4% | Higher New | Actual: 436.00 Mil for 2025 | |
| 2026 Adjusted EBITDA Margin | 17.0% | 17.25% | 17.5% | 1.5% | 0.2% | Higher New | Actual: 17.0% for 2025 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bowman, Gary | Chief Executive Officer | Direct | Sell | 12182025 | 35.25 | 12,500 | 440,625 | 31,458,616 | Form |
| 2 | Bowman, Gary | Chief Executive Officer | Family LLC | Sell | 12182025 | 35.25 | 7,500 | 264,375 | 48,498,290 | Form |
| 3 | Bowman, Gary | Chief Executive Officer | Direct | Sell | 10242025 | 42.27 | 12,500 | 528,325 | 38,315,143 | Form |
| 4 | Bowman, Gary | Chief Executive Officer | Family LLC | Sell | 10242025 | 42.27 | 7,500 | 316,995 | 58,468,164 | Form |
| 5 | Labovitz, Bruce J | Chief Financial Officer | Direct | Sell | 10142025 | 42.37 | 10,000 | 423,700 | 16,336,177 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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